{"id":471155,"date":"2010-03-25T09:25:00","date_gmt":"2010-03-25T13:25:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:413199"},"modified":"2010-03-25T09:25:00","modified_gmt":"2010-03-25T13:25:00","slug":"europe-jobless-claims-bernanke-consumers-%e2%80%93-vialoux","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/471155","title":{"rendered":"Europe, jobless claims, Bernanke, consumers \u2013 Vialoux"},"content":{"rendered":"

U.S. equity index futures are higher this morning. S&P 500 futures are up 6 points in pre-opening trade. Traders are responding to news that Germany is willing to consider a bail out of Greece by European central banks \u201cas a last resort\u201d. Comments raised hopes that a summit of European leaders today and tomorrow will reach a resolution. The Euro strengthened, the U.S. Dollar weakened and commodities priced in U.S. Dollars strengthened on the news. <\/p>\n

Index futures improved slightly following release of the weekly jobless claims report. Jobless claims fell 14,000 to 442,000.<\/p>\n

Traders are watching two potential market moving events today: Federal Reserve Chairman Ben Bernanke\u2019s testimony in front of a Congressional committee this morning and the auction of seven year U.S. Treasuries this afternoon. <\/p>\n

More evidence confirming a return by consumers to the shopping malls has surfaced this morning. Lululemon rose 10% after substantially exceeding fourth quarter earnings and revenue estimates and after offering positive guidance. Best Buy jumped 7% after reporting higher than expected fourth quarter earnings and revenues. Nike gained1% after HSBC upgraded the stock from Neutral to Overweight. Earlier this week, Nike reported higher than expected earnings and revenues. EBay rose 3% after Credit Suisse raised its rating from Neutral to Buy. \u2018Tis the season for the retail sector to move higher!<\/p>\n

Several other companies reported higher than expected quarterly earnings including Conagra and McCormick. <\/p>\n

Molson Coors was upgraded by Argus from Hold to Buy.  <\/p>\n

Don Vialoux, chartered market technician, is the author of a free
\ndaily report on equity markets, sectors, commodities, equities and
\nExchange-Traded Funds. For more visit Don Vialoux's Web site<\/a><\/i><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. equity index futures are higher this morning. S&P 500 futures are up 6 points in pre-opening trade. Traders are responding to news that Germany is willing to consider a bail out of Greece by European central banks \u201cas a last resort\u201d. Comments raised hopes that a summit of European leaders today and tomorrow will […]<\/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-471155","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/471155","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=471155"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/471155\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=471155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=471155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=471155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}