Futures remain higher following data release Stock futures remain higher following the release of the jobless claims and retail sales figures. There were 289K Initial jobless claims versus the expected 305K, while continuing claims came in at 2.41M versus the expected 2.4M. Advance retail sales declined 0.6% versus expectations of an increase of 0.3%. The core reading which removes autos and gasoline fell 0.2% versus expectations of an increase of 0.3%. The import price index showed an increase of 0.4% versus expectations of an increase of 0.2%.
U.S. Initial Jobless Claims Preview U.S. Initial Jobless Claims Preview: Initial claims data for the week of March 7th should reveal a 20k claims drop back to 300k (median 303k) after an increase to 320k in the week prior. Analysts expect March claims to average 296k from 305k over the course of February when volatile readings pulled the average higher.
On The Fly: Morning Wrap-Up for March 12 Globex S&P futures are recently up 4.25 from previous day’s SPX cash close. Nikkei 225 up 1.43%, DAX down 0.13%. WTI Crude oil is recently at 48.42, natural gas down 1.31%, gold at $1158 an ounce, copper up 1.86%.