EmailIt is about as quiet as the US equity markets get. S&P futures indicate a flat open.
New claims for unemployment for the week ended August 4 fell to 361,000 from a revised 367,000 the prior week. That was slightly better economic news than was expected. So was the June trade deficit, which fell to $42.9 billion from $48.0 billion in May. The trade data affect the already released second quarter GDP data however, so the release has little significance.
Asian stock indices were mostly higher on talk of a Chinese stimulus package. European stock indices are down about one-half of one percent.
The S&P 500 traded in a narrow range yesterday before closing with a 0.87 gain. Today could be similar. There are no major earnings releases today or tomorrow, and no major economic releases tomorrow.
Founder and Chairman, Briefing.com
