Durable Goods, New Home Sales, Greece Activates Rescue Package

by devteam April 23rd, 2010 | Share

As European equities climb higher on Friday, the US stock market is looking to open on a positive note following a late rally yesterday.

Dow futures are up 27 points to 11,095 and S&P 500 futures are up 4.25 points to 1,1206. The 2 year Treasury note is -0-01 at 99-29 yielding 1.049% and the 10 year Treasury note is -0-09 at 98-17 yielding 3.803%. The FN 4.5 mortgage-backed security coupon is -0-06 at 100-01.

Commodity prices are slightly weaker with WTI crude oil down 15 cents to $83.55 per barrel, while Spot Gold is trading $1.60 lower at $1,139.90.

Euro stocks were raised after Greek Minister George Papandreou officially asked for the €45 billion rescue package administered by the IMF and European Union to be activated.

Moreover, the German Ifo index of business condition jumped to a higher-than-anticipated 101.6 in April. While in the UK, first-quarter GDP expanded by 0.2% â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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