Monday, August 9, 2010

Market Notes - August 9, 2010

U.S. stock index futures were up markedly amid strength in Europe. The major European indices are all up in excess of 1% following news that Germany’s June exports increased a stronger-than-expected 3.8%.

There is no U.S. economic data scheduled for release today, but data will pick up tomorrow with second quarter productivity levels, wholesale inventories, and the FOMC rate decision. International trade data is scheduled for Wednesday. On Thursday we will see data on import and export prices and the weekly jobless claims number. We end the week with reports on consumer prices, retail sales, business inventories, and consumer confidence.