There will be a short review on financial markets with the necessary information that Pitguru Frank LaMantia has analyzed for you. Just spend some minutes for your whole trading week!


This week is a slow week in economic data but this does not mean the reports we do have are irrelevant. Danaher announced that they will be buying Beckman Coulter for 6.8 billion or $83.50 a share. Recalls and other internal problems have caused some issues over the past. Berkshire Hathaway bought the rest of Wesco Financial worth over $547 million. Buffett wanted to acquire the 19.9% his company did not own. Berkshire currently operates over 80 businesses and has a market value of over $200 billion. This data should create a positive start which is needed due to unrest in Egypt. Hopefully, there will be no issues in the Suez Canal because that would create a bearish market. Most of the world’s oil does travel through it and costs may rise if ships can’t take that route.

Today consumer credit will be announced at 3 pm EST and is expected to be $2.5 billion which is an increase from $1.3 billion. On Wednesday the MBA Mortgage Purchase Index comes out. It was 11.3% at last announcement. On Thursday initial claims are forecast to be down by 5k to 410k. Continuing claims are projected to be 3900k and were 3925k at last announcement. On Friday the Treasury budget, trade balance, and the Michigan Sentiment will be announced. Sentiment reading was 74.2 and is expected to rise to 75.5.

Whenever you have time, the other futures market reviews for more information on the interactive markets will help so much for your commodity futures trading.

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