OptionsHouse

Options Trading News

March 27, 2013  Wed 7:06 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are lower this morning amid ongoing worries in Europe and as the S&P 500 hovers near long-term highs.

Index futures are down almost half a percent and have been weaking in the last hour. Most bourses across the Atlantic are shedding a full percentage point or more. Asian markets were positive in the overnight session following a strong move yesterday in the United States.

While Cyprus is implementing control measures to stabilize its banks, the onerous terms of the arrangement -- confiscating money from large depositors -- are making investors nervous. A poor debt sale and signs of continued political disarray in Italy are qadding to the concerns.

The S&P 500 has spent the last two weeks near its all-time high from October 2007, supported by strong momentum and economic conditions in the U.S. The situation has been weaker in Europe, where the euro has slid steadily since the beginning of February and benchmarks like the CAC-40 and German DAX have been falling since mid-March.

There are no major economic reports or corporate earnings today.

Commodities and currencies are painting a broadly bearish picture as assets associated with risk get sold. The euro continued to fall and is now down to its lowest levels since November. The Canadian dollar and Australian dollar also declined, while the safe-haven Japanese yen is higher across the board. Oil, copper and precious metals are all lower. Agricultural foodstuffs are mixed.
Share this article with your friends


Related Stories

SPX

Yellen speech, CPI on calendar

May 22, 2015

Today's agenda features several items, including a speech by Fed Chair Janet Yellen, though trading will probably be quiet as the Memorial Day weekend approaches.

SPX

Futures slip after Fed's minutes

May 21, 2015

S&P 500 futures are down less than 0.1 percent, while Europe slid about half a percent. Most of Asia was little-changed, though Shanghai gained almost 2 percent.

SPX

Global data, jobless claims on tap

May 21, 2015

The first item on this side of the Atlantic is initial jobless claims at 8:30 a.m. ET. Economists anticipate a reading of 270,000, up from 264,000 in the previous week.

SPX

Stocks churn before Fed minutes

May 20, 2015

S&P 500 futures are up less than 0.1 percent, matching the performance in Europe so far. Asian markets like Tokyo, Shanghai, and Mumbai also rose nearly 1 percent overnight.

SPX

Fed minutes lead today's agenda

May 20, 2015

Today's biggest event will probably be the release of minutes from the Fed's last meeting, which will be scoured for clues about potential interest-rate increases.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Archived Webinar

Education & Strategy

Short synthetic stock

With the use of the calls and puts we can not only create Long Synthetic Stock, but Short Synthetic Stock as well...

View more education articles »