U.S. Stock Futures Fall on Subprime Woes
08:33 am : S&P futures vs fair value: -9.2. Nasdaq futures vs fair value: -15.0. February retail sales rose just 0.1% (consensus 0.3%) while the more closely-watched sales, ex-autos, unexpectedly fell 0.1% (consensus 0.3%). With the market increasingly concerned about the pace of economic growth, the weaker than expected data exacerbate ongoing concerns about a slowdown. Bonds, in contrast, have strengthened as the 10-yr note is now up 13 ticks to yield 4.49% as traders price in an improved likelihood of a Fed rate cut.
Post je objavljen 13.03.2007. u 13:56 sati.