FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

07Aug2015 Pre-Market Commentary: Futures Slide Lower After Jobs Report, Oil Moving Lower And The U.S. Dollar Moving Into Resistance, Markets Expected To Open Lower

Written by Gary

U.S. stock futures index moved from flat to fractionally lower after the jobs and employment report came in as 'not-so-good' again.

The Labor Department reported the U.S. economy added 215,000 jobs in July, below the 223,00 Wall Street anticipated. As expected, the unemployment rate and the labor force participation remained at 5.3% and 62.6% respectively.

Markets are expected to open lower and continue to slide down until mid morning where there may be a modest recovery by the afternoon session.

Here is the current market situation from CNN Money

European markets are mixed. The CAC 40 is higher by 1.12%, while the DAX is leading the FTSE 100 lower. They are down 0.38% and 0.29% respectively.

What Is Moving the Markets

Here are the headlines moving the markets.

Dollar, Bond Yields Jump; Stock Futures Remain Lower on Jobs Data

The dollar rose and Treasury yields jumped after data showed the U.S. economy created 215,000 jobs in July, in line with expectations. Stock futures remained lower.

"One Would Be Bucking Pretty Stiff Odds To Ignore This Development"

Submitted by Dana Lyons via Dana Lyons' Tumblr,

This brief post will serve as the coup de grace for our "Junkie Market" series. By that, we are referring to days on which there are numerous (in this case, at least 100) new 52-Week Highs AND 52-Week Lows. We have covered such occurrences on the NYSE and the Nasdaq exchanges. If you'll recall, these events tended to pop up near cyclical market tops. Thus, the forward returns in the averages were very poor, especially in the longer-term. Inspired by yesterday's occurrence, today's Chart Of The Day looks at days on which there were at least 100 New Highs and Lows on both the NYSE AND Nasdaq.


As you might expect, the timing of these dates was not too auspicious. They were primarily concentrated around the 1998 intermediate-term top and the 2000 and 2007 cyclical tops. Additionally, there have now been 7 occurrences in the past 7 months. Judging by the historical performance in the S&P 500, this is a bit of a concern for market participants.


It is not necessarily the death knell for the bull market. There have been occasions after which the S&P 500 far ...

China Calls on Brokers to Help Stabilize Market

China's securities regulator said it has called on the nation's securities brokers and fund managers to help stabilize the stock market after a steep selloff in recent weeks.

Frontrunning: August 7

July job gains may favor September interest rate rise (Reuters)

It's all about Trump at raucous Republican debate (Reuters)

The 5 Most Important Takeaways From the First Debate of 2016 (BBG)

Republican presidential candidate Carly Fiorina wins the Web (Reuters)

Hedge Fund Losses From Commodity Slump Sparking Investor Exodus (BBG)

Winners and losers from the first Republican presidential debate (WaPo)

Bush turns in workmanlike debate performance, but will it be enough? (Reuters)

â€'You Wake Up and Think, I'm in Prison:' Ex-Con's Wisdom to Hayes (BBG)

China's Stock Crash Is Spurring a Shakeout in Shadow Banks

Crisis Chronicles - The California Gold Rush And The Gold Standard

by Liberty Street Economics

-- this post authored by James Narron and Don Morgan

On the crisp morning of January 24, 1848, James Marshall, a carpenter in the employ of John Sutter, traveled up the American River to inspect a lumber mill that Sutter had ordered constructed close to timber sources. Marshall arrived to find that overnight rains had washed away some of the tailrace the crew had been digging. But as Marshall examined the channel, something shiny caught his eye, and as he bent over to retrieve the object, his heart began to pound. Gold! Marshall and Sutter tried to contain the secret, but rumors soon spread to Monterey, San Francisco, and beyond - and the rush was on. In this edition of Crisis Chronicles, we describe the excitement of the California Gold Rush and explain how it constituted an inflationary shock because the United States was tied to the gold standard at the time.

EU officials to review progress in Greek bailout talks

BRUSSELS (Reuters) - Senior EU officials will confer by telephone late on Friday on progress in negotiations between Greece and its international creditors on a third bailout for the near-bankrupt euro zone country with Germany reported to be warning against haste.

Bitcoin startups lure quant whizzes from Wall Street

NEW YORK (Reuters) - Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London. Previously with the bank's mergers and acquisitions team, he became an executive director of credit quantitative modeling at Goldman, where quants like Schlaefer are highly valued.

German Finance Ministry favors bridge loan for Greece: paper

BERLIN (Reuters) - Germany's Finance Ministry favors a bridge loan for Greece to give Athens and its creditors sufficient time to negotiate a comprehensive third bailout, the Sueddeutsche Zeitung daily reported on Friday.

China's Grip Strangles Shareholders

There is a false sense of security among some investors that China will eventually get the hang of this stock market bailout thing. Results Beat Expectations

JD beats on Q2 and meets on Q3 revenues

'Frack now, pay later,' top services companies say amid oil crash

HOUSTON (Reuters) - Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later."

Two Large Puerto Rico Bondholders Demand Full Payment

Executives from OppenheimerFunds and Franklin Advisers wrote to senior officials in Puerto Rico, warning of "years of economic turmoil" because of the decision to default.

Probe Into Pilot Program Darkens Brokerage's Outlook

For brokerage firm International Technology Group, a trading pilot program around its dark pool that executives believed would boost the firm's revenue has turned into an albatross that has created financial and regulatory problems.

Coffee Disconnect Is Brewing

A growing number of coffee roasters that deal in small farm-produced and best-flavored coffees are leaving the traditional, and more volatile, futures market.

Pakistan's Unstable Economic Situation: Excessive Debts Disastrous for the Economy.

Written by Hasan Mustafa Malik, GEI Associate

Pakistan's current debt burden has placed their economy in a very delicate situation. The government of Pakistan has borrowed almost $950 million from banks in the past one year. Pakistan is highly relying on it domestic debt which is adversely affecting the fiscal outlook of the country resulting in very little fiscal stability.

Earnings Summary for Today

Earnings Calendar provided by

leading Stock Positions

Leading Stock Quotes powered by

Current Commodity Prices

Commodities are powered by

Current Currency Crosses

The Forex Quotes are powered by

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

Click here for Historical Releases Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

You can also comment using Facebook directly using he comment block below.

Econintersect Live Market


Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Take a look at what is going on inside of
Main Home
Analysis Blog
The Destruction of the Existing Workforce
Finance and Growth: The Direction of Causality
News Blog
60% Of Primate Species Now Threatened With Extinction, Says Major New Study
Most Attendees At Davos 2017 Come From The U.S.
What We Read Today 22 January 2017
Redneck Inventions
How Repealing Portions Of The Affordable Care Act Would Affect Health Insurance Coverage And Premiums
Grassroots Terrorism In 2017: A Small But Stubborn Threat
Earthquake Risk: Spotlight On Canada
Federal Income Taxes By Income Bracket
Infographic Of The Day: Guide To Caring For Your First Dog
Early Headlines: Migrants Incr. 41 Pct This Century, Women's March Largest Ever?, GOP ACA Disarray, Trump Hit With Ethics Complaint, Trump Back To '29?, May And Nieto To Visit Trump And More
New Seasonal Outlook Updates from NOAA and JAMSTEC Disagree Dramatically
Earnings And Economic Reports: Week Starting 23 January 2017
France And Germany Differ Starkly On Strong Leaders
Investing Blog
The Week Ahead: Political Uncertainty And Market Volatility
Investors: How Not To Lose Everything And Die Broke
Opinion Blog
Retailing In America: Bricks And Torture
Economics, Society, And The Environment: What's Wrong With This Picture?
Precious Metals Blog
Four Catalysts Drive Gold And Silver For 2017
Live Markets
20Jan2017 Market Close: U.S. Stocks Were Up But Off Their Highs Of The Session, Crude Prices Continue To Climb, Next Week May Be Volatile
Amazon Books & More

.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved