Daily Delphi

Post: Wednesday 12/4/13 | Daily Delphi

BlogsPit Talk › Wednesday 12/4/13 December 4, 2013, 6:50 am

TODAY'S ACTION
7:15 AM CT
ADP Employment Change
Forecast 170K Prior 130K
7:30 AM CT
Trade Balance
Forecast -$40.5B Prior -$41.8B
9:00 AM CT
New Home Sales Sep
Forecast 420K Prior 421K
New Home Sales Oct
Forecast 415K
ISM Services
Forecast 55.0 Prior 55.4
9:30 AM CT
Crude Inventories
Forecast -700K Prior 2.953M
1:00 PM CT
Fed Beige Book


TUESDAY RECAP
Dec S&P Down -8.30 Sett;e 1791.40
Jan WTI Up +2.22 Settle 96.04
Feb Gold Down -1.1 Settle 1220.8
Equities stayed under pressure all day weighed down by weakness in the world markets, profit taking from the recent run up and chatter about a sooner than expected 'last call". Meanwhile, oil traded to a new four week high on hopes of increased demand based on yesterday's positive manufacturing data and expectations for a draw in today's crude inventories number.


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