- Asian stock indexes outside of Japan slipped due to concerns
about the U.S. 'fiscal cliff' situation, but the Nikkei advanced
on a sharp decline in the value of the yen, which benefits
- The Nikkei soared 1.9 percent; S&P/ASX 200 dropped 0.89
percent; Hang Seng sank 1.55 percent; KOSPI fell 1.22 percent;
the Shanghai Composite slumped 1.22 percent.
- European stock indexes fell today on data that point to a
eurozone recession, and concerns about the U.S. fiscal cliff.
Look for declines in the Vanguard MSCI Europe ETF
- Final-quarter flash GDP for the EMU came in 0.1 percent
lower. Germany and France both expanded by 0.2 percent and Italy
contracted by 0.2 percent. Many see the numbers as confirmation
that the eurozone has entered into a recession for the second
time in four years.
- U.S. stock futures climbed today ahead of jobless claims data
and earnings reports from large companies such as Wal-Mart and
- Analysts estimate that jobless claims rose to 376,000 from
355,000 last week.
- Third-quarter earnings - Before Market
- Actual EPS = $1.08; Expected EPS = $1.07
- ETF movements
◦ Market Vectors Retail ETF
◦ Consumer Staples Select Sector
◦ Vanguard Consumer Staples ETF
All commodities news is as of 7:40 a.m. ET.
Gold and Silver Declined
- Gold fell 0.41 percent, or $7.05, to $1719.30. Expect drops
in the SPDR Gold Shares (NYSEArca:GLD).
- Silver dropped 0.55 percent, or $0.18, to $32.50. Expect
decreases in the iShares Silver Trust (NYSEArca:SLV).
WTI Slipped and Brent Oil Climbed
- The December contract for WTI crude oil fell 0.06 percent, or
$0.05, to $86.27 per barrel.
- The December contract for Brent crude oil gained 0.99
percent, or $1.09, to $110.70 per barrel.
- Expect declines in the United States Oil Fund (NYSEArca:USO)
and advances in the United States Brent Oil Fund
On Wednesday, Nov. 14, 2012, the top ETF in nominal inflows was
the PowerShares QQQ ETF (NasdaqGM:QQQ), with creations of $214.69
million. The top ETF in nominal outflows was the SPDR S&P 500
(NYSEArca:SPY), with redemptions of $693.24 million.
None as of yet today
None as of yet today
- Consumer Price Index - 8:30 a.m. ET
- Jobless Claims - 8:30 a.m. ET
- Empire State Mfg Survey - 8:30 a.m. ET
- Philadelphia Fed Survey - 10:00 a.m. ET
- EIA Petroleum Status Report - 11:00 a.m. ET
- Ben Bernanke Speaks - 1:20 p.m. ET
◦ Manufacturing Sales - 8:30 a.m.
◦ GDP Flash - 1:30 a.m. ET
◦ GDP Flash - 2:00 a.m. ET
◦ GDP - 4:00 a.m. ET
◦ Retail Sales - 4:30 a.m. ET
◦ GDP Flash - 5:00 a.m. ET
◦ HICP - 5:00 a.m. ET
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