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6 Things To Read Before Trading Today

  1. Most stock indexes around the world were trading today. There were mixed results in Asia; Australia gained almost one percent, Shanghai was unchanged and the Nikkei lost a half percent. European indexes are currently higher across the board; Footsie by a half percent and the Dax currently with a quarter percent add. US stock futures are lower by a fraction as I write.
  2. The preliminary February reading of Japan's Leading Economic Index rose about one point on the month to 97.9, close to the expectation.
  3. Greek sovereigns are getting hit hard this morning on renewed concerns about the success of the EU/IMF rescue plan; reports indicate that Greece thinks IMF conditions are too stringent. The Greek 10 Year yield spread versus the Bund yield is wider by more than twenty five basis this morning to the widest it has been since late January. Greek 2 Year yield said to be up 100 basis points on the day.
  4. The weekly report on chain store sales from ICSC showed an increase of 2.1% on a week to week basis for the week ended April 3; sales were said to be +4.7% for the week when compared to the same week from a year ago.
  5. The Johnson Redbook report on the same thing is due out at 7:55am CDT. 
  6. White House economic advisor Larry Summers is scheduled to speak at a conference on energy at 11:30am CDT. The Treasury plans to sell $40 billion 3 Year Notes today, the results will be announced just after noon CDT.