Posted on 06/10/2010 5:44:14 AM PDT by blam
US Futures Are Surging
Vincent Fernando, CFA
June, 2010, 4:55 AM
European markets were in the red, but now appear to be surging. The CAC 40 and DAX are now in slightly positive terriory and the FTSE seems to be heading that way. The euro has managed to hold itself above $1.20, after making the break above this level yesterday.
Despite the fact rumored strong Chinese export performance was found to be true today, as official numbers were released showing a massive surge in exports, Asian markets lost steam. The Nikkei 225 was up under 1%, Hong Kong's Hang Seng barely ended positive, and China's CSI 300 is down 1%.
Nevertheless, once again, it doesn't look like U.S. markets are taking their cues from abroad. U.S. market futures are surging, and Europe seems to have gained strength most recently.
(Excerpt) Read more at businessinsider.com ...
if you can’t trust the Communists to come to thr rescue of a Free Market, who can you trust?
It’s Thursday. You know, the ‘everything’s really fine’ day. Tomorrow is Friday, the ‘Oh, sh1t! It’s all falling apart’ day.
They’ve recently changed the days around to make it this way, so I can see why some might not be used to it yet.
Never mind the American employment situation: China’s economy is doing just super! This is what Wall Street cheers these days. Rah.
I just checked Dow Futures at Bloomberg and they are up 89 pts...not really a surge considering recent losses.
dead cat bounce. bargain hunters.
Smoke n mirrors
Surging because the markets view the usual 450,000 job losses a week as good news? I don’t get this market.
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