The SEC to hold a closed commission meeting Closed Commission Meeting to consider institution and settlement of injunctive actions; institution and settlement of administrative proceedings; a litigation matter and other matters relating to enforcement proceedings in a meeting to be held at SEC Washington, D.C. offices on July 24 at 2 pm.
House Financial Services Committee to hold a hearing The Capital Markets and Government Sponsored Enterprises Subcommittee holds a hearing entitled, "Oversight of the SEC's Division of Corporation Finance" with Director Higgins of the SEC on July 24 at 10 am. Webcast Link
Fed funds opened at 0.09% Fed funds opened at 0.09%. The rate ranged from 0.05% to 0.31250% on Wednesday with a 0.09% effective rate as the 2-week maintenance period came to a close. Interbank borrowing rates were mixed at today's Libor fixing. The overnight dollar Libor rate dipped to 0.09130% versus 0.09200%. The 1-week rate edged up to 0.12325% from 0.12300%. The 3-month rate rose to 0.23510% versus 0.23410%. And the 12-month rate rebounded to 0.55710% versus 0.55360%.
Futures higher as earnings please investors U.S. equity futures are pointing to a higher open as investors grow more optimistic about the current earnings season. Today investors will also be watching the weekly jobless claims data, new home sales report, and natural gas inventories for clues about the economy.