27Mar2015 Pre-Market Commentary: Markets Expected To Open Lower, Oil Prices Falling, U.S. Dollar Resumes Climb


Written by Gary

U.S. stock index futures dipped on this morning setting indexes up for a full week of daily declines, as the dollar index added to the previous session"s rebound ahead of a speech from Federal Reserve Chair Janet Yellen.

After a few days of dollar weakness due to concerns that the Fed"s rate hike intentions have been derailed following some undisputed ugly economic data the USD has resumed its rise.

Oil prices fell more than $1 a barrel earlier as worries receded over the threat of continuing disruptions to the Middle East supplies due to the Saudi Arabia-led war in Yemen. European shares are heading for their biggest weekly fall of the year as a second week of gains for oil prices and periphery euro zone bond yields brought to a halt a two month bonanza for the region"s equity markets.

Markets are expected to open lower.

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What We Read Today 26 March 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Early Headlines: Draft Warren Campaign Still Alive, Yemen Could Get Ugly and More

Early Bird Headlines 27 March 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.



Infographic Of The Day: Brits Are MAD About Their Pets!

We all know that British people are fanatical about their pets, but are they going a bit too far?

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Video of the Day:

Cats are very inventive when they want something badly enough. Here is one example. Hat tip to Steve Griffin.

video of day picture

FOREX NEWS by DailyForex

Eurozone Business Output Improves

The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.

Safe Haven Appeal Grows on Yemen Tension

A growing crisis in Yemen has fueled concerns that the Middle East is on the verge of becoming a powder keg for geopolitical tensions which has sent investors rushing to safe haven currencies like the Japanese Yen and the Swiss Franc.

Air Strikes in Yemen Lift Oil Prices

Brent crude oil price surged $3 in Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. Asian importers, however, said they were not immediately worried about supply disruptions.

UK Inflation Falls To Zero

The latest set of data from the UK’s Office for National Statistics shows that prices in February, as determined by the Consumer Price Index (CPI), have remained unchanged from where they stood twelve months previously.

German IFO Gives Euro a Boost

The ECB’s quantitative easing program, which had initially kept the pressure on the Euro, seems to have provided a lift in sentiment among the Eurozone’s business community.
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Option Probabilities: The Volatility Cone

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California Water Wars: Another Form of Asset Stripping?

by Ellen Brown, Web of Debt

In California"s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped.


 USA economy at a glance (boxed items are updates in last 7 days)

Third Estimate 4Q2014 GDP Unchanged at 2.2%. Offsetting Dynamics.

Written by Doug Short and Steven Hansen

The third estimate of fourth quarter 2014 Real Gross Domestic Product (GDP) was unchanged at positive 2.2%. Private inventories decline was offset by higher personal consumption and slightly better trade data.

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