Tuesday, June 30, 2009

Evening Briefing for June 30th

* MARKET THEMES FROM TUESDAY: Concerns over economic weakness following weak consumer confidence number; weak oil, gold; falling rates; strengthening dollar; some reversal of these themes late in day, with stocks finding support below ES 910; good site for daily market wrap.

* OVERSEAS/OVERNIGHT NUMBERS: 12 Midnight CT - Japan, domestic auto sales, steel imports/exports.


-- Possibility of currency crisis in UK. More like Iceland than U.S.?

-- Review of rates and looking ahead to more economic numbers

-- China leading the economic recovery; Europe bringing up the rear?

-- Home loan delinquencies on the rise. More foreclosures to come?

-- Concerns over lack of transparency at NYSE over program trading.

-- Low NASDAQ volume on a rise; what to expect.

-- Evidence for trendiness in Russia's stock market.