Tag Archives: Schaeuble

Pre-Market Indicators - PMI120912

Pre-Market Indicators September 12th, 2012

Good Morning NY.

The big news this morning was the German Constitutional Court which ratified the ESM, removing one element of worry from the markets. Schaeuble saying “Germany to Ensure It’s Liability Won’t Exceed ESM Limit Under Any Circumstances”.

As a result the markets are feeling green this morning. Next up, Bernanke, Import/Export Prices, Wholesale Inventories, and Crude Inventories.

The CBOE put-call ratios are updated, here.

  • EURUSD (1.2794) + 0.31%
  • Gold Futures (GC)  + 0.56%
  • Oil Futures(CL) + 0.32%
  • S&P Futures (ES)  + 0.37%
  • CAC40 + 0.31% 
  • FTSE + 0.03%
  • Asia (NKD) + 1.82%
  • Copper Futures (HG) + 0.01%
  • Silver Futures (SI) + 1.13%
  • VIX: Close 16.41

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Bloomberg - Draghi - Gossip

European Spin Full Speed

It started yesterday and is in full force today.

Von Rompuy Tweet Chart

And then the ECB via Bloomberg, floating a balloon.

Bloomberg - Draghi - Gossip

And Schaeuble from Dow Jones. “No Conflict Between ECB’s Weidmann and Draghi”.

Full cycle spin. It’s nearly impossible to trade this news cycle today, and probably smart to prepare for tomorrow’s ECB fireworks non-event.