Daily Delphi

Post: Monday - Instability in Ukraine hits the markets. | Daily Delphi

BlogsPit Talk › Monday - Instability in Ukraine hits the markets. March 3, 2014, 6:50 am

CALENDAR
7:30 AM CT
Personal Income for Jan
Prior 0.0% Forecast 0.2%
Personal Spending for Jan
Prior 0.4% Forecast 0.1%
PCE Prices - core for Jan
Prior 0.1% Forecast 0.1%
9:00 AM CT
ISM Index for Feb
Prior 51.3 Forecast 51.6
Construction Spending for Jan
Prior 0.1% Forecast -0.5%
1:00 PM CT
Auto Sales for Feb
Prior 5.1M
Truck Sales for Feb
Prior 7.0M

TODAY'S ACTION

Overnight, Asian markets were mostly in the red and the major European indices are universally down at this point. In the US there will be some economic data to look at today but all eyes will be on the Ukraine. Russia's weekend invasion of Crimea has led to the usual rumors and rhetoric of war, and that makes markets volatile. Gold is moving up as investors are looking for safe haven investments and oil is also getting a big lift from the possibility of supply disruptions. Meanwhile, equities are poised to take a hit as the world waits to see what develops. Trade strong.


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