U.S. equity futures are indicating yet another push higher following the lead of Japanese markets overnight. The Nikkei has just broke fresh 6 year highs after topping the 16000 psychological barrier with the....
Government’s aggressive monetary stimulus program appearing to be taking hold. The Japanese benchmark is up an impressive 55% so far this year which has been a huge boost to the world’s third largest economy. Most of the world’s major banking institutions will be closed in observance of Boxing Day and will likely contribute to the anticipated anemic volumes in today’s trading session. Economic news will be light for the rest of the week with today’s weekly unemployment claims as the only exception. Analysts are expecting 346,000 new claims filed and any positive surprise could continue to fuel the market’s higher into the year’s close. The Volatility Index (VIX) appears to be stabilizing near $12.50 which is approaching multi-month lows after the Fed’s recent reassurance of an extended low-rate environment continues to sustain a calming effect on any downside risk over the near-term. The U.S. Treasury’s 10 year bond rate will be watched closely by traders as a return to a more normalized yield above the 3% threshold looks to be imminent.
Stock Stories: T-Mobile (TMUS) –Clear Signal? – Rumors continue to circulate that Japan’s Softbank is securing funding to make a formalized offer to acquire T-Mobile. Dish Networks (DISH) has also expressed interest in the U.S. phone carrier. As a result, shares are trading 3% higher pre-market.
Major Economic Reports: 7:30 am CT – Weekly Unemployment Claims
Notable Earnings:
Before Market: N/A
After Market: N/A Friday – 12/27: N/A作者: aimei 时间: 2013-12-26 11:16
