(As of 7:15 am PST)
US stocks opened lower this morning with investors
already looking ahead into next week’s Federal Reserve meeting for clues to
when the Fed will raise short term interest rates. Economic data is light again today. A report on jobless claims showed claims
rising to 315,000 last week, more than expected and reaching its highest level
since June. Last week’s weaker-than
expected nonfarm payrolls jobs report has led some investors to believe the Fed
may hold off on raising interest rates.
However, the recent surge in the 10 yr. treasury yield has many analysts
thinking the Fed may signal next week that a rate hike could come in early
2015. International markets are also
keying in on next week’s important Fed meeting.
Asian indexes finished the day lower, with China notching its fifth
straight session of losses after lower-than-expected inflation data. European indexes are lower on the day as
well. Gold and oil are lower with oil
prices reaching an 8 month low on weaker demand outlook.
No comments:
Post a Comment