{"id":277354,"date":"2010-02-04T09:11:00","date_gmt":"2010-02-04T14:11:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:391242"},"modified":"2010-02-04T09:11:00","modified_gmt":"2010-02-04T14:11:00","slug":"jobless-claims-usd-retailers-ecb-earnings-%e2%80%93-vialoux","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/277354","title":{"rendered":"Jobless claims, USD, retailers, ECB, earnings \u2013 Vialoux"},"content":{"rendered":"<p>U.S. equity index futures are lower this morning. S&amp;P 500 futures are down 12 points in pre-opening trade. Weakness accelerated after release of a disappointing jobless claims report released at 8:30 AM EST. Weekly jobless claims surprisingly rose 8,000. <\/p>\n<p>A stronger U.S. Dollar also weighed on equity index futures. Commodities priced in U.S. dollars including gold, silver and crude oil moved slightly lower. <\/p>\n<p>Index futures did not respond to better than expected January sales announced by most major U.S retailers. <\/p>\n<p>Slightly offsetting the jobless claims report was news that Productivity in the fourth quarter improved greater than expected. Consensus was an increase of 5.9% versus 8.1% in the third quarter. Actual was an increase of 6.2%. <\/p>\n<p>Europe\u2019s central bank is continuing its easy money monetary policy. It maintained its overnight lending rate at 1.0%. <\/p>\n<p>Several companies reported higher than consensus quarterly earnings overnight including Domtar, Canaccord, Open Text, Cisco, Clorox and Visa. <\/p>\n<p>BCE reported fourth quarter earnings in line with expectations. It also offered mildly positive guidance for 2010. <\/p>\n<p>\u2018Tis the season for analysts to take a more positive stance on the Metals and Mining sector! Yesterday, UBS upgraded key stocks in the sector. This morning, Credit Suisse upgraded several stocks in the sector from Neutral to Outperform including BHP Billiton and Teck Resources. <\/p>\n<p>Open Text was upgraded from Hold to Buy at Benchmark Company. Target is $48.<\/p>\n<p>Visa was upgraded by Barclays from Equal Weight to Overweight. Target was raised from $91 to $97.&nbsp; <\/p>\n<p><i>Don Vialoux, chartered market technician, is the author of a free<br \/>\ndaily report on equity markets, sectors, commodities, equities and<br \/>\nExchange-Traded Funds. For more visit <a href=\"http:\/\/www.timingthemarket.ca\/techtalk\/\" >Don Vialoux&#39;s Web site <\/a><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=391242\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. equity index futures are lower this morning. S&amp;P 500 futures are down 12 points in pre-opening trade. Weakness accelerated after release of a disappointing jobless claims report released at 8:30 AM EST. Weekly jobless claims surprisingly rose 8,000. A stronger U.S. Dollar also weighed on equity index futures. Commodities priced in U.S. dollars including [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-277354","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/277354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=277354"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/277354\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=277354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=277354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=277354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}