The Day Ahead: Durable Goods, Jobless Claims, $32 billion 7-Year Treasury Notes
January 28, 2010 – 5:18 amPosted To: MND NewsWire
One day after President Obama’s State of the Union Address, the US dollar is up, buzzing near it's highest level since August 2008. Equity futures are also looking up ahead of durable goods data, which is expected to surge on aircraft orders, and jobless claims, which are set to moderate. Two hours before the opening bell, Dow Futures are up 34 points to 10,229 and S&P 500 Futures are up 4.90 points to 1,099.50. Commodities are also higher: WTI Crude oil is up 43 cents to $74.10 per barrel and Spot Gold is $4.03 higher to $1091.93. Key Events Today: 8:30 ― Durable Goods Orders are anticipated to leap 1.6% in December, with estimates ranging from a decent +0.5% to a massive 5.5%. The anticipated jump follows a revised 0.7% improvement in November (originally reported at +0.2%,...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.