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.

01Apr2016 Pre-Market Commentary: US Futures Fractionally Lower, WTI Crude Continues Slipping To Support

Written by Gary

U.S. stock index futures are lower by about 0.4% across the board after a 3.55% overnight tumble in Japan following weak economic data there. Europe's Stoxx 600 is down 1.8%. Markets remain in an overbought condition with possible indications of topping out. NFP came in at 5%, up from 4.9%, creating some volatility that is pushing pre-markets down fractionally. Expect Wall Street to open fractionally lower.

Here is the current market situation from CNN Money

European markets are sharply lower today with shares in France off the most. The CAC 40 is down 2.57% while Germany's DAX is off 2.22% and London's FTSE 100 is lower by 1.22%.

What Is Moving the Markets

Here are the headlines moving the markets.

U.S. nonfarm payrolls increase solidly, wages rebound

WASHINGTON (Reuters) - U.S. employment increased solidly in March and wages rebounded, signs of economic resilience that could allow a cautious Federal Reserve to gradually raise interest rates this year.

BlackBerry revenue drops more than expected, shares fall 7 percent

TORONTO (Reuters) - BlackBerry Ltd reported a larger-than-expected slide in fourth-quarter revenue on Friday amid weakness in hardware sales, sending its shares down 7 percent in early trading.

Broad base can support extension of S&P 500 rally

NEW YORK (Reuters) - The seven-week U.S. stock market rally still has some room to run and could punch through the record high set by the S&P 500 last May, based on a number of indicators that are pointing the way higher.

Tesla unveils $35,000-Model 3 with range of 215 miles

HAWTHORNE, Calif. (Reuters) - Tesla Motors gave a sneak preview Thursday of its Model 3 sedan, saying more than 130,000 people had ordered the car, even though it is more than a year away from production.

Hillary Clinton to propose $10 billion manufacturing investment

WASHINGTON (Reuters) - Democratic presidential candidate Hillary Clinton on Friday will propose a $10 billion investment in partnerships to encourage the growth of the U.S. manufacturing sector as part of a national push to discourage outsourcing in the industry.

China factories scent hint of spring, Europe still chilly

LONDON/SYDNEY (Reuters) - Activity in China's vast factory sector grew for the first time in nine months during March to bring a hint of spring to the global economy, although growth remained weak in Europe, leading to a muted response in financial markets.

China's Anbang abandons $14 billion bid to buy Starwood Hotels

(Reuters) - China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton and Westin hotels operator.

Brands seek Rio gold in new advertising playing field

NEW YORK (Reuters) - Dozens of major companies and specialty brands that are not official Olympics sponsors have applied to run advertising campaigns featuring athletes ahead of the Rio 2016 Olympic Games, taking advantage of new rules that are shaking up the business of marketing surrounding the event.

Saudi Arabia is Freezing Oil Production By Default (Video)

By EconMatters

When you are already pumping as much oil as you possibly can - by default - you are forced to freeze production, or agreeing to a production freeze.

© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest |

Market Breaks - AMZN, GOOG Trading Suspended On NYSE ARCA

Who could have seen that coming? Ahead of potentially the most important data point of the year - now that The Fed lost its China excuse overnight - NYSE Arca reports a 'glitch'



We are sure it will all be fixed by the time the market opens and the ramping algos have taken back control.

Source: NYSE

Interestingly, futures markets are falling after this 'break'...

Police Raid Offices Of Monaco Firm Accused Of Bribing World's Oil Producers

Two days ago we brought you excerpts from a Huffington Post investigative report on Unaoil, a previously obscure Monaco company that allegedly functions as a kind of Bribery Incorporated for state actors looking to curry favor with the world's oil exporters.

A treasure trove comprising œhundreds of thousands of leaked e-mails and documents led Huff Post and Fairfax Media to publish an expose on the œjet-setting Ahsani clan which apparently has links to nearly every producing country on the planet and knows just which palms to grease when Western governments need to make inroads."They rub shoulders with royalty, party in style, mock anti-corruption agencies and operate a secret network of fixers and middlemen throughout the world's oil producing nations," Huff Post wrote, on the way to documenting the Ahsani family's connections to Bashar al-Assad, Muammar Gaddafi, and the regime in Tehran, among other governments.

Pictured below are Ata Ahsani and his two sons, Cyrus and Saman. Apparently, the family is worth more than $200 million which Huff Post reckons makes them part of the "global elite." The shady family business has been certified by anti-corruption agency Trace International which the Post rightly says "raises serious questions about the worth of such international accreditation."

On Friday, we learn that the Ahsanis' ...

Why Oil and Gas Companies Are Bracing for Bad News From Banks

The onset of redetermination season in the oil patch will bring bad news for dozens of energy companies as low prices lead to pared credit.

How Insurers Are Bolstered by Phantom Capital

New European capital rules for insurers include a kind of tax relief that will make your head spin.

Why China's Buffett Wannabe Is Taking an M&A Pause

Fosun International may have its balance sheet, more than value investing, in mind as it pares back acquisitions. Either way, though, shareholders benefit.

Fed's Balance Sheet 30 March 2016 Slightly Declines

Total Fed Balance Sheet:

Fed's Balance Sheet week ending balance sheet was $4,442 trillion. Over the last 7 weeks, changes have been relatively minor.

Economic Report: U.S. adds 215,000 new jobs in March as more workers enter labor force

The U.S. created 215,000 new jobs in March in another show of strength for the economy.

Metals Stocks: Gold futures lose speed, momentum rides on jobs report

Gold futures were heading lower Friday as investors awaited a key employment report that could set the tone for the yellow metal after it wrapped up its best quarterly gain in nearly 30 years.

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
Comments on Feyerabend’s ‘Against Method’, Part III
Federal Repression System
News Blog
Schiaparelli's Descent To Mars In Real Time
September 2016 Existing Home Sales Still Not Excellent
September 2016 Leading Economic Index Improves Indicating Moderate Growth Ahead.
October 2016 Philly Fed Manufacturing Survey Declines But Remains In Expansion.
15 October 2016 Initial Unemployment Claims: Rolling Averages Marginally Worsen
Infographic Of The Day: Real Estate Bubbles, The Six Cities At Risk Of Bursting
Tesla Is Playing The Long Game
Name Dropping, Clinton Likes To Mention Herself
The Ability To Enforce Mandatory Migrant Quotas Is Slipping Out Of The EU's Grasp
2016 Winners And Losers Against The Dollar
October 2016 Beige Book: Reading Between The Lines - The Rate Of Economic Expansion Marginally Improved
Clinton Vs. Trump: A Case Of The Lesser Of Two Evils
Inside The Post Office Railway
Investing Blog
The 401k Plan Manager 17 October 2016
How To Insure Your Stocks And Make The Stock Market Pay For It
Opinion Blog
Prop. 51 Versus A State-Owned Bank: How California Can Save $10 Billion On A $9 Billion Loan
Obama's Middle East Policy Has Been A Complete Failure - Or Has It?
Precious Metals Blog
Silver Prices Today Remain Volatile - What To Expect Now
Live Markets
20Oct2016 Market Close: US Indexes End Flat After Choppy Session, Nigeria Slashes Oil Prices, Crude Prices Continue To Slip, Bullish Investors Not So Bullish Anymore
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

Crowdfunding ....



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 - 2016 Econintersect LLC - all rights reserved