Elections to trump economic calendar
David Russell | email@example.com
There are no economic events on today's calendar, and attention will likely focus on politics.
The big event will be the U.S. presidential election, with most analysts expecting a positive response if Republican Mitt Romney defeats incumbent Democrat Barack Obama. Results of the election won't be known until after the market is closed, so it could have more impact tomorrow than today.
Also tomorrow, Greece's parliament will vote on unpopular austerity measures needed for the country to emerge from its debt crisis. If Romney wins and the Greek legislation passes, stocks could rally, while the opposite could be true if Obama prevails and the austerity package fails.
Economic data will return to relevance on Thursday with the release of weekly jobless claims, followed by consumer sentiment Friday morning.
Futures edging higher at key levels
June 18, 2013
S&P 500 futures are fractionally higher, while most overseas markets have posted small gains. Perhaps most importantly, the Japanese yen continued to weaken against the U.S. dollar and euro.
Stocks set to begin the week higher
June 17, 2013
S&P 500 futures are up more than half a percent while European indexes are gaining more than a full percentage point. Perhaps most important was a rally of almost 3 percent in Tokyo.
Futures hover after yesterday's rally
June 14, 2013
S&P 500 futures are fractionally higher and European indexes are seesawing in a range, though mostly positive. Asia gained in the overnight session, led by a 2 percent move in Tokyo.
Futures lower on bloodbath in Japan
June 13, 2013
S&P 500 futures are down along with steeper losses in Europe. The big catalyst today is a 6 percent drop in the Tokyo stock market and a 2 percent surge in the Japanese yen.
Stocks up after holding key support
June 12, 2013
S&P 500 futures are climbing by two-thirds of a percent and have been gaining all morning, while European markets are posting more modest gains. Asian markets fell overnight.