Futures point to a cautious start on a light news day. The main story on the corporate front is that BlackRock will buy Barclays Global Investors making it the largest asset management firm by overtaking State Street and Fidelity.
A reading on import and export prices showed import prices were up 1.3% in May and export prices were up 0.6%. The market’s response was muted. Still to come is the University of Michigan’s consumer sentiment index at 10:00 ET. The preliminary reading for June is expected to rise to 69.5 from 68.7 in May.
Treasuries continue to gather attention. The 10-year note yielded as much as 4.00% yesterday before waves of support came in to drive it down towards 3.80%. Treasuries were boosted last night when the Japanese Finance Minister said “our trust in U.S. Treasuries is absolutely unshakable.” Japan is the second largest holder of Treasuries.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
