• 13 hours Legacy Automakers See Massive Spike In Sales
  • 2 days Tesla's Biggest Competitor Is Going Cobalt-Free
  • 2 days Stocks That Could Benefit From Biden’s $2.5 Trillion Infrastructure Plan
  • 4 days The Mafia Has Expanded Its Influencer Under COVID-19
  • 5 days How Fintech Will Get Skeptics Into Crypto
  • 6 days Monday Markets Rise On Stellar Jobs Report
  • 9 days Not Even Bribery Allegations Can Crush Cannabis Boom
  • 13 days Canada May Become Leader In Booming Battery Market
  • 15 days Nearly 42% Of All Amazon Reviews Are Fake
  • 16 days Kidnapping Is Big Business In Nigeria
  • 16 days COVID Fraud Amounts To Nearly $570M
  • 19 days Art Is Now An Algorithm
  • 20 days TikTok Threatens America, Tesla Threatens China
  • 20 days Small-Cap Energy Sectors With Big Upside
  • 24 days Coinbase Valued At $68 Billion Ahead Of IPO
  • 26 days 3 Stocks To Watch Amid AstraZeneca Covid Vaccine Snafu
  • 27 days Get Ready For First Tax Hike Since 1993
  • 30 days Tech Majors Bet Big On Clean Energy
  • 31 days Is This The Next Amazon Of Used Cars?
  • 32 days First Ever Tweet Attracts $2.5M Bid On Blockchain Platform
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

On the Horizon: The Day Ahead: October 1, 2008

Day In Review:

• Equity markets saw a broad based relief rally caused by a breakout of optimism that the U.S. Congress will revisit the $700bln rescue package • The FDIC requested temporary authority to increase the deposit insurance limit from $100K to shore up the growing crisis of confidence in the domestic banking system. Members of Congress have suggested the limit could be raised to $250K

• The US dollar saw the single largest increase in value against the Euro since its inception. The catalyst was the change in market sentiment that a rescue plan will be obtained and concern over select financial concerns in Europe.

Day Ahead:

• Market action will focus on moves in Washington D.C. to salvage in some form the rescue plan and information provided by the ADP estimate of the employment situation and the ISM survey of manufacturing conditions nationwide.

• The focus of the market may move to the deteriorating economic situation in Europe and the prospective shakeout in the EU banking system. This does present additional downside risk for the Euro.

• The day will see a heavy slate of economic data with the publication of the September domestic vehicle sales, ADP employment estimate, ISM manufacturing survey and August construction spending report.

• The EIA petroleum status report will be released at 10:35 EDT.

 

Back to homepage

Leave a comment

Leave a comment