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  • Calendar event / 2 hours ago
    Low Market Composite Index
    Low Market Composite Index Cur Chg
    Low Purchase Index (S.A.)
    Low Purchase Index (S.A.) Cur Chg
    Low Refinance Index
    Low Refinance Index Cur Chg
  • Squawk / 2 hours ago
    Hypothesis Testing
    United Kingdom
    As we approach an illiquid holiday period and NFP and review prior year data in bullish trend years we have;
    (Real trading hours data)
    Thursday Bullish 53.3% occurrences whereby mkt closes above opening bell prices.
    Friday Bullish 60.7% occurrences whereby mkt closes above opening bell prices.
    1960-todate data utilised but 1975 todate used for measure and correlation between the two samples at 0.98 however 1995 todate gives 53.1% and 59.1% outcomes.

    This isn't a trading recommendation as the data produces a confidence factor akin to tossing a coin probability which could produce much the same results....all it does show is a slight skew to bullishness.
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  • Article / 3 hours ago

    Why Russia doesn't want a Grexit

    Russia oil and gas expert
    United Kingdom
    Why Russia doesn't want a Grexit
    For all the talk about Russia bailing out Greece (or at least providing some assistance), Greek politicians surely understand that they are much more valuable for Russia within rather than outside the European Union.
    Read the article
  • Squawk / 4 hours ago
    Head of Macro Strategy / Saxo Bank
    Global PMI day sees China, euro area surprise to the upside:

    A string of economies report March PMI manufacturing figures today led by China. The world's second-largest economy recorded a 50.1 reading last month vs. 49.7 expected and 49.9 prior. Also the unofficial HSBC China PMI manufacturing index was stronger than expected at 49.6 vs. 49.3 expected and 49.2 prior. Meanwhile Japan saw an unchanged if quite small increase in manufacturing output (50.3 vs. 50.4 prior).

    Turning to Europe, the euro area (EZ) PMI manuf. index was revised up in the final report to 52.2 vs. 51.9 exp and 51.9 originally (51 in Feb). This is the strongest reading for the EZ since May 2014. Both France and Germany's indices were revised higher in the final report. Italy, Sweden and Switzerland all surprised positively while Spain and Ireland remain robust.

    I expect EZ growth of at least 1.5%. Consensus sees 1.3%. See our Essential Trades for more:
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