Thursday, April 8, 2010

Market Notes - April 8, 2010

U.S. stock futures pointed to a lower start, influenced by a pullback in European markets on Greece debt concerns.

The focal point of the economic calendar today will be the weekly initial claims report, which unexpectedly rose from last week. New claims rose 18,000 to a seasonally adjusted 460,000, while analysts expected a slight drop. The weekly number is known to be volatile, but the general trend continues to be down. Meanwhile, continuing claims declined.

Retailers are also reporting sales this morning, with most topping estimates. In other news, the Bank of England and European Central Bank kept interest rates unchanged.