Learn the trade here. Make it on tradeMONSTER

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 in range as earnings flow

April 17, 2014

This morning's big companies--Goldman Sachs, General Electric, Morgan Stanley, and PepsiCo--are all trading higher after beating estimates.

SPX

GE, Goldman, jobless claims on tap

April 17, 2014

Earnings and jobless claims are the main events on today's calendar. Trading will likely be light with markets closed tomorrow for Good Friday.

SPX

Futures rise, halting recent slide

April 16, 2014

S&P 500 futures are up more than 0.5 percent, while the Nasdaq is up almost 1 percent. Most European indexes are up a similar amount, while Tokyo led Asia with a 3 percent rally.

SPX

Earnings, housing data on docket

April 16, 2014

Today's calendar includes earnings from Bank of America and Google, plus housing data. Economic headlines start early with European inflation, which could affect the euro and energy.

SPX

Stocks higher as earnings flow

April 15, 2014

S&P 500 futures are up about 0.3 percent. Europe is fractionally lower but has been gaining as New York's open approaches. Asia was mixed overnight, with Japan higher and China lower.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER