Bobbys Corner-Open Market-Oct.06.2012

Published 10/08/2012, 08:07 AM
Good Morning:

Markets are quiet ahead of this morning’s US jobs report.

Guesstimates are for the unemployment rate to push up to 8.2%-while the economy added 125K.
Let’s hope that the NFP number is higher-as job growth has been lackluster at best.
I am certain that we will see some revisions during the release-most probably higher NFP numbers-we will see.

The Euro had a bit of a rally-as the EUR/USD is in the 1.30 handle ahead of the data.

The Greek fiasco keeps going round and round. No new decisions or concessions will happen until after the
October 18 Euro Zone Summit (another one). Greece claims that they only have enough money to last to November-What a mess!!

The Spanish Finance Minister commented that he sees no reason for Spain to apply for a formal bailout. I think we heard the same thing from the Irish, Portuguese, and Greek Finance Ministers not that long ago.

Asian equity markets along with European indexes and US Futures are all higher.

Oil is a touch softer-as are Gold and Silver.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.