OptionsHouse

Options Trading News

June 13, 2013  Thu 7:10 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are falling again today, this time triggered by a steep selloff in Japan.

S&P 500 futures are down about 0.4 percent. Losses in Europe range from 0.6 percent in France to 1.4 percent in Germany, though they have climbed back near their highs of the session.

The big catalyst today is a 6 percent drop in the Tokyo stock market and a 2 percent surge in the Japanese yen. The move follows a steady rally by the Nikkei and decline in the currency since November.

The World Bank issued a report lowering its global economic-growth forecast because of weakness in emerging markets. It added that the risk of financial crisis in Europe has abated. Today is also the busiest session this week for U.S. data, with retail sales, initial jobless claims and export/import prices due at 8:30 a.m. ET.

The strong yen dominates trading in the foreign-exchange market and is affecting other risk currencies, such as the euro and the Canadian dollar. The Australian dollar, however, is up for a second day and is trying to claw its way back from a 2-1/2 year low.

Commodities are mostly bearish as well. Oil is down almost half a percent, and copper is off by more than three-quarters of a percent. Precious metals and agricultural products are also down.

In company-specific news, newspaper publisher Gannett agreed to acquire broadcaster Belo for $1.5 billion to expand its television business. Chinese semiconductor maker Spreadtrum Communications is also surging after raising revenue guidance amid strong demand for smart phones.
Share this article with your friends


Related Stories

SPX

Stocks edge lower before key data

March 2, 2015

S&P 500 futures are down 0.1 percent, while most of Europe is off about 0.5 percent. Asia was mostly higher overnight, bolstered by an interest-rate cut and Chinese manufacturing numbers.

SPX

ISM data kicks off busy news week

March 2, 2015

This week brings key macroeconomic headlines from both sides of the Atlantic, starting with the Institute for Supply Management's manufacturing index today at 10 a.m. ET.

SPX

Stocks in holding pattern near highs

February 27, 2015

S&P 500 futures are down 0.15 percent but are less than a percentage point below Wednesday's peak. Most overseas markets were little-changed, aside from India, which rallied almost 2 percent.

SPX

GDP, Chicago PMI lead calendar

February 27, 2015

The Commerce Department will announce revised gross domestic product for the fourth quarter at 8:30 a.m. ET, followed by the Chicago Purchasing Managers index follows at 9:45 a.m. ET.

SPX

Futures inch higher after key data

February 26, 2015

S&P 500 futures are up about 0.1 percent ahead of key economic reports, while European markets gained about 0.3 percent on the heels of confidence numbers. Asia was strong overnight.

OptionsHouse

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

The Strike-Based Greeks

The other Greeks (Gamma, Vega, and Theta) are calculated by using month and strike data, and not by individual option. These are called strike-based Greeks. Gamma, Theta, and Vega are all strike-based Greeks

View more education articles »