tradeMONSTER: Trade free for 90 days

Options Trading News

November 8, 2012  Thu 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Weekly jobless claims are the main U.S. economic report today, though events in Europe remain important.

The number of people seeking jobless benefits for the first time will be released at 8:30 a.m. ET. Economists predict an increase to 370,000 from 363,000 last week. A bigger number could hurt investor confidence, while a smaller one would be considered evidence of an improving labor market.

Greece is at the center of attention, with lawmakers struggling to pass budget cuts needed for the debt-laden country to receive a bailout. A failure of the vote, which is to take place overnight before the market opens, would likely hurt confidence and cause investors to flee risky assets even further.

Also this morning, the European Central Bank will announce monetary policy, followed by a press conference one hour before U.S. trading begins.
Share this article with your friends


Related Stories

SPX

Cramer: Tune out Fed naysayers

December 19, 2014

When we have inflation, the data-dependent Fed will switch. Until then, what's the point? Promote havoc? Slow down growth to make it so the hiring binge is over?

SPX

Stocks inch higher following rallies

December 19, 2014

S&P 500 futures are up 0.2 percent but below their highs earlier in the morning. Asia surged overnight, led by gains of about 2 percent in Tokyo and Shanghai. Oil is holding its ground as well.

SPX

Earnings reports fill quiet calendar

December 19, 2014

The only items today are quarterly results from CarMax, Carnival, and BlackBerry. Several events are packed into Tuesday and Wednesday because of next week's Christmas holiday.

SPX

Stocks rally again on Europe, oil

December 18, 2014

S&P 500 futures are up more than 1 percent, while most European indexes are gaining 2 percent. Asia was mostly higher overnight, led by a 2 percent gain in Tokyo.

SPX

Jobless claims, Philly Fed on tap

December 18, 2014

Today's economic calendar features initial jobless claims and the Philadelphia Federal Reserve's regional-activity index.

tradeMONSTER: Trade free for 90 days

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER