Monday, 9 June 2008
Morning Call by Knowledge to Action
Following weaker than expected Non Farm Payroll data on Friday the DOW fell down through the support line closing the session down 394 points, which is the biggest fall in a day for over a year The S&P fell 43 points and the NASDAQ fell 75 points. The FTSE 100 gapped higher at the open but ran into resistance in the morning where it turned, then followed the US lower after the weak data to end the session down 88 points. Futures - DOW is called up 25 points, FTSE is called down 30 points. Oil spiked up $10 on Friday and is currently trading at $137.50 a barrel, Gold is trading at $903.
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