Skip to comments.Stock futures slip on global rout, retail sales loom
Posted on 06/13/2013 5:20:05 AM PDT by John W
MADRID (MarketWatch) U.S. stock futures pared losses, but were still lower on Thursday, after as deep losses pummeled Asia markets and Europe also fell sharply on unease over the prospect of a pullback in central bank easy money policies. Adding downside weight, the World Bank cut its global growth forecast.
A busy data day includes weekly jobless claims and a key retail sales report thats expected to show a rebound in spending.
The long-awaited selloff in global markets is finally here after the stellar performances of equities in the first quarter of the year, said Ishaq Siddiqi, market strategist with ETX Capital, in a note.
This selloff most certainly has momentum as there seems little to suggest that the Fed will not taper stimulus and the ECB has demonstrated greater unwillingness to respond with measures to stimulate the euro zone and the BOJ stood firm on not adding more QE on Tuesday, he said.
(Excerpt) Read more at marketwatch.com ...
Retail Sales +0.6% Consensus Forecast +0.4%
Initial Claims 334K Consensus Forecast 346K
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