(As of 7:25 am PST)
After a tough end to the month of May, stocks are struggling to find direction in today’s early trading.
Some weak reports early on, including May’s ISM manufacturing index have
actually caused a brief spike in stocks.
With the main concern on investor’s minds being the winding down of the
Fed’s stimulus program, bad news appears to be good news as that means the Fed
will likely continue its easy money policies.
International markets are lower, especially throughout Asia as
conflicting reports on Chinese manufacturing concerned investors. In Japan, the Nikkei dropped 3.7% as the yen
strengthened and investors reacted to Friday’s selloff on Wall St. European stocks are also lower despite mostly
positive manufacturing data across the region.
Gold and oil prices are both higher while interest rates continue to
ratchet up. Expect volatility to
continue in the market in this data rich week which culminates in Friday's much anticipated nonfarm payrolls and unemployment reports.
No comments:
Post a Comment