Not a Member? Join Now!   Already a Member? Sign In!

Bobbys Corner-Open Market-Sept.27.2011

Good Morning:

The Aussie and Kiwi rallied in overnight trading-as Asian equity markets also rallied-indicating that investors are seeking higher-yielding assets in these uncertain economic times.
In Euro Zone business-The Greek Finance Minister stated that the EU should stick with the deal that was agreed to in July. He feels that the EZ should be focused on growth-not looking for a default.  The Greek Parliament has a vote scheduled today regarding additional austerity measures that were imposed by the ECB,EU and IMF so that additional bailout funds can be distributed to the country.  One of the austerity measures is a new property tax which is going to be a tough sell to their fellow countrymen-but is expected to pass during today’s vote.

World equity markets rallied, as US Futures are also posting higher numbers as we speak.  So it looks like the equity markets will open higher-and let’s hope they stay that way during the day.

Gold and Oil are also trading in positive territory this morning.

    TODAY’S RELEASES    
TIME       FOR EST. PRIOR
9:00A.M. S&P /CS 20 CITY MoM%SA JULY 0.10% -0.06%
9:00A.M. S&P /CS COMPOSITE 20 YoY JULY -4.55% -4.52%
9:00A.M. S&P /CASESHILLER HOME PRICE IND       JULY   141.3O
10:00A.M. CONSUMER CONFIDENCE   SEPT. 46.O 44.5O
10:00A.M. RICHMOND FED MANUFAC.INDEX SEPT. -9.O -1O.O

HAVE A GREAT DAY & GOOD LUCK