Pre-open:
June 16 (Bloomberg) -- Manufacturing in New York shrank in June at a faster pace than forecast, led by declines in orders and sales.
June 16 (Bloomberg) -- Manufacturing in New York shrank in June at a faster pace than forecast, led by declines in orders and sales.
The Federal Reserve Bank of New York's general economic index dropped to minus 8.7 from minus 3.2 a month earlier, the bank said today. Readings less than zero signal contraction.
Bonds catch a bid, the dollar drops and oil is back at 138. NQ is still holding 1964. So much for Friday follow-through. Gold is bullish again on a close above 890. Support is 880.40.
Weekly pivots: ES 1354.75, NQ 1964.75 and ER 731.70.
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on Monday, June 16, 2008 at 6/16/2008 08:56:00 AM.
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