June 11, 2010
Stock Traders Await U.S. Retail Sales and Consumer Sentiment
U.S. equity markets are trading flat to better several hours before the New York session opening, but this could change because of the release of the U.S. Retail Sales
Report. This report which is due out at 7:30 a.m. central is expected to show an increase of 0.2% versus the prior month’s gain of 0.4%.
One of the market drivers this week has been talk that the global economic recovery is back on track. This report will certainly offer a clue as to whether or not this
conclusion is valid. A better-than-expected report will also take away some of the sting left over from last Friday’s disappointing employment report.
June Michigan Sentiment will be reported at 8.55 a.m. this morning. Traders are looking for an increase from 73.6 to 74.5. The estimate for this report, which measures
consumer attitudes, seems to be a little high given the current employment situation and the drop in the stock market.
Although …
