The Week Ahead: Construction Spending, ISM, Pending Home Sales, Beige Book, Jobs Data
November 30, 2009 – 5:37 amPosted To: MND NewsWire
Across the board investors are worried. Equities are down, Treasuries are soft, crude oil is flat, the dollar is weaker and even gold is in sell-off.t Two hours before the week’s opening bell, Dow futures are off by 14 points to 10,278 and S&P 500 futures are down 2 points to 1,088. WTI Crude oil is up 2 cents to $76.07 per barrel and Spot Gold is $7.54 lower at $1170.09. “Uncertainty rules in financial markets to start the week,” said Sal Guatieri from BMO Capital Markets. “Equities are mixed, with emerging markets and Asian shares generally higher (led by a 3.2% gain in the Shanghai Composite index), but Europe down and S&P 500 futures slightly in the red.” “Black Friday” sales were up 0.5% compared to last year, according to the National...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.