Monday morning, the S&P 500 Index e-mini futures (ES-Z2) traded higher by 4.75 points to $1380.50 per contract. Often on a Monday trading session, the trading volume is light which generally favors the upside for stocks. The bond market was also closed for the Veterans Day holiday. Usually, when the bond market is closed the stock markets will often finish in positive territory. Remember the old saying, when the cat is away the mice will play. Traders should still keep a very close eye on the U.S. Dollar Index, as stocks and commodities will usually trade inverse to the U.S. dollar.
European markets are mixed after Greece voted in a new budget for 2013. The new Greek budget included €9.4 billion of new spending cuts. Greece is expected to receive another bailout payment by the end of the month. Some stocks that could be volatile from this news include the National Bank of Greece (ADR) (NBG), Bank of Ireland (ADR) (IRE), Lloyds Banking Group PLC (ADR) (LYG), and Barclays PLC (ADR) (BCS). The European financial stocks are likely to be volatile for the foreseeable future.
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Holiday Volume In Play Today
Published 11/12/2012, 11:42 PM
Updated 07/09/2023, 06:31 AM
Holiday Volume In Play Today
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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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