Construction Spending Data

12-2-2013 4-58-24 PMToday, the opening price on the E-mini S&P was (1804.75). Today’s high price was (1809) at 12:55 a.m. US/Eastern time. At 4:00 p.m. US/Eastern time, the low price of the day was (1797). The Construction Spending data represents the dollar value of new construction activity on residential, non-residential, and public projects. The data is available in nominal and real (inflation-adjusted) dollars. For the month of October construction outlays made a comeback. Construction outlays rebounded 0.8 percent after a decline of 0.3 percent in September. Public construction spending is up a monthly 3.9 percent, followed by a 1.9 percent decrease the month before. Private residential outlays went down 0.6 percent in October, following a 1.7 percent boost the month before. New 1-family spending declined 0.6 percent after rising 1.7 percent. Multi-family outlays went up 2.2 percent after jumping 4.3 percent in September. Residential outlays excluding new homes dropped 1.2 percent, following a gain of 3.6 percent the month before. Nonresidential private outlays dropped 0.5 percent in October, following a 1.0 percent decrease in September.

Important Economic Speakers

11-22-2013 5-07-48 PMThe opening price on the E-mini S&P market today was (1784.25). At 3:20 p.m. US/Eastern time, the day’s high of (1795.50) was reached. The day’s low point of (1783.50) was hit about 5 minutes after market opening . According to the Bloomberg Economic Calendar, there were two important speakers today. Esther George, the Kansas City Federal Reserve Bank President, gave a speech on bank supervision at Bank of France conference in Paris. Daniel Tarullo, a member of the Board of Governors of the United States Federal Reserve Board since January 28th, 2009, gave a speech on shadow banking to Economic Policy Institute in Washington. There was no indication that the speakers had any significant impact on the market.

The LIFFE Exchange

1017chart2The E-mini S&P opened at (1708), which was the lowest price today. The days high of (1728.75) was reached at 4:35 p.m Eastern time. The LIFFE (London International Financial Futures Exchange), is a futures exchange based in London. It’s pronounced like the word “Life”. Since 2007, LIFFE has been a part of NYSE Euronext. Traders place trades from open outcry trading pits, using a variety of hand signals to communicate desired contract prices and quantities just like the CME. The FTSE markets are among it’s most popular derivatives. The operational times of the LIFFE Exchange are equivalent to 3:00 a.m. to 11:30 a.m. US/Eastern. The LIFFE is worthy of attention because it influences markets related to the Euro.

Significant News Events

Oct10Chart1Today’s E-mini S&P opening price was (1666.75). The lowest price occurred within the first five minutes of opening at (1666.50). For the most part, price steadily rose throughout the day. The high was hit at around 3:15 US Eastern of (1687.75). The market prices can have massive price fluctuations when there are significant news events such as big-headline world events, scheduled economic reports, and prominent political figures. The Bloomberg economic calendar is a recommended resource for staying on top of scheduled events. A red star next to an event means these cause volatile activity. It is advised to stay out of the markets until volatile activity subsides.

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