Bobbys Corner-Open Market-Dec.9.2009
Good Morning:
The JPY rose on the heels of a report from Japan that their economy grew less than expected. This caused speculation that the global recovery is not as robust as some investors thought.
The GBP lost ground as news from Dubai added to the countries financial woes.
A very quiet economic calender in North America today will leave the currency and other markets looking for direction.
Asian equity markets were lower, Europe is higher at this time. US Futures are pointing to a higher opening this morning.
Oil:$73.50 Gold:$1141.50
Today’s data:
Wholesale Inv: exp: -.6% prior: -.9%
HAVE AGREAT DAY & GOOD LUCK
