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Tuesday, January 08, 2008

European Markets Quiet Ahead Of U.S. ISM, European Manufacturing Reports - European Commentary []

European Markets Quiet Ahead Of U.S. ISM, European Manufacturing Reports - European Commentary []
European markets are quiet ahead of the first trading session of the new year, as traders will be looking towards a number of key economic reports for direction in what will likely be light trading.

Stocks Move Higher At The Start Of Trading - U.S. Commentary []
After turning in a mixed performance in the previous session, stocks moved higher at the start of trading on Tuesday. The major averages all moved into positive territory, with the Nasdaq rebounding after ending Friday's trading at a four-month closing low.

Stocks Likely To Come Under Pressure On Weak Employment Data - U.S. Commentary []
Stocks are likely to see considerable weakness in early trading on Friday, as traders react to a Labor Department report showing much weaker than expected employment growth. The major U.S. index futures are currently indicating a sharply lower open for the markets.

Stocks Move Off Their Lows But Remain Firmly Negative - U.S. Commentary []
Stocks have come well off their lows for the day, but they are still firmly planted in negative territory after weaker than expected economic news came out earlier today and the price of oil reached $100 a barrel.

Peter Boockvar Comments On Pending Home Sales: How Much Do Prices Need To Drop To Tempt Higher Demand? []
Peter Boockvar of Miller Tabak & Co. reported on Tuesday that November Pending Home Sales, the contract signings of existing homes, fell a greater than expected 2.6% month over month versus expectations of a decline of 0.7%.

European Markets To Open Lower Amid U.S. Recession Fears - European Commentary []
European futures are indicating a lower open as traders eye yet another fall in Asian equity prices and experts across the globe continue to worry about the state of the U.S. economy following Friday's disappointing jobs data.

Stocks Turn In A Lackluster Performance Following Recent Weakness - U.S. Commentary []
With little economic news to go on, stocks spent the day moving back and forth across the unchanged line on Monday. The choppy trading day saw some investors bargain hunting after the sharp decline on Friday, while other investors were setting their portfolios up for a recession.

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