US Macro Data – Worse
WORSE: US Philadelphia Fed (May) -5.8 vs 10 est (prev 8.5) #usd WORSE: US Leading Indicators (Apr) -0.1% vs 0.1% est (prev 0.3%) #usd CFDs & Spread Betting with Accendo Markets
US Bloomberg Consumer Comfort Index – Worse
US Bloomberg Consumer Comfort Index (w/e May 13) falls to -43.6 vs -38 estimate, from -40.4 prev CFDs & Spread Betting with Accendo Markets
US Jobless Data – Flat
US Weekly Initial Jobless Claims (w/e 12 May): 370K vs 365K (prev 370K, R+ from 367K) US Weekly Cont. Jobless Claims (w/e 5 May): 3.265m vs 3.230m (prev 3.247m R+ from 3.229m) CFDs & Spread Betting with Accendo Markets
Spanish debt auction – success
Spain auctions full €2.5bn of 3 and 4 yr bonds offered Yields (interest rate) quite a bit higher than previous, as expected given the country’s financial sector woes Demand solid though and 2.4x to 4.5x. Note, however, that 10yr bonds yields are still at unsustainable yields (above 6%) CFD & Spread Betting with Accendo Markets
US Weekly Crude Oil Stocks up – again!
US Crude Oil Stocks up AGAIN (w/e 11 May) +2.1M barrels vs +1.75M est (prev 3.65M) That’s week number 8 of rises! CFDs & Spread Betting with Accendo Markets
Trade Facebook Now
This Friday, the most valuable company in history is set to go public with an estimated IPO of around $96 billion. In a Bloomberg Global Poll of 1,253 investors, analysts and traders, 79 percent said Facebook doesn’t deserve a valuation so high. What do you think? REPLY “FB” FOR MORE INFORMATION Option 1: Get more…
