New week comes. How are you? How is your seven business days? Always, I wish you have been doing well. Today, I’m glad to be back to do my regular job: sharing information on financials, metals, energies and other related news to help you guys who have the same interest in futures trading.

Since energy resouces keep an important role in daily life, this market alwsays get much concern from all of us. Now just have a quick view on energy market. Last week, Natural Gas had a tough time as this market got pummeled below $4 on the NYMEX.  Inventories are very weak and this is the time of year when natural starts to sell off so look for this market to try and consolidate around the $3.60 level before heading any higher. While around metal market, Copper had a huge rally on the Sunday night session as December broke above $3.40 to trade at $3.46. There are evidence for a prediction of the fact that copper going back down to $3.35 before heading higher ahead of the non-farm payroll action Friday. Just take care of those markets to decide your business!

As normal, we cannot neglect the financial market. Our expert – PitGuru Frank LaMantia – will not let you alone by doing analysis and sharing the information with you guys. And there is not any exception this week. He is back and brings you valuable review. Now we will take some time to check out his reseach: “The market is down because of a lack of confidence. The market is hoping that manufacturing picks up while consumers head for the bunker. The S&P may need to stay above 1066.00 in order to show it can take a few hits from the bear claw. The monthly job report will be announced Friday. It will be a holiday weekend and many will be on vacation or leave early for a half day. This does not mean the market will not swing in one direction or another. So, be ready on Friday!

This morning economic data was announced showing an increase in consumer spending which rose 0.4% in July after 3 months of bad announcements. This could be back to school spending accounting for this rise. Now, if Aug. and Sept. numbers show a rise this will get Wall Street’s attention. This trader is unsure because the consumer is struggling and these numbers may be inflated for a short period. Durable goods rose 1% in which half was auto sales. Doesn’t this sound like parents buying vehicles for their children going to college?The economy may not be growing fast enough to support job growth which can lead to economic disaster if action is not taken. Job creation and stability of the consumer is needed to get this country back on track. The people built this nation and the government needs to let them build it again!”

Are you tired? I think you may be exciting with such the information worth to your trading. Did you note down key points? As always, since you are earning from trading in futures, you are recommended to checkout other weekly futures reviews or to pay attention to daily futures price reports or to regularly check out  currency exchange rates. Remember markets are changeable and have interaction to the others! Changes in energy or currency market can cause changes in others. So, don’t miss any news valuable to your trading!!

- About the Author: I’m a trader in futures trading floor. I’m always eager to learn and share. Reading and searching are my hobbies. Article Source

Overnight Developments

• European stocks are stronger with the European DJ Stoxx 50 up +0.37% and Sep S&Ps are up +7.00 points. The dollar index and Treasuries are weaker while most commodities are higher, even after German investor confidence dropped to a 16-month low. The Aug German ZEW economic sentiment survey fell a more-than-expected -7.2 to 14.0, its fourth straight decline and its lowest level in 16 months, which suggests a weaker growth outlook going forward. In the UK, July consumer prices rose +3.1% y/y, which is above the government’s 3.0% limit and forced BOE Governor King to write his third public letter this year to explain how he will bring prices under control. European stocks received a boost after Carlsberg, the biggest brewer in Russia, climbed 2.1% after it reported Q2 profit of 2.63 billion kroner, beating analysts’ estimates of 2.05 billion-kroner and after the company raised its full-year profit forecast due to the effect of a stronger ruble and an improvement in the Russian market. Weinerberger surged 7.2% after the world’s largest brickmaker reported Q2 net income of 20.6 million euros ($26 million), compared with a 151.5 million euro loss the year before after the company cut costs and the building material market began to recover.
• The Asian markets today closed mixed with Japan down -0.38%, Hong Kong +0.12%, China +0.69%, Taiwan -0.13%, Australia +0.87%, Singapore -0.35%, South Korea +0.64%, India -0.01%. Japanese bank stocks fell and helped to lead the overall market lower after Deutsche Bank downgraded the industry to "marketweight" from "overweight," citing "a lack of confidence that the strong Q1 performance will continue in subsequent quarters." A report from the Nikkei newspaper said that the Japanese government might extend the eco-point incentive program for purchases of energy-saving devices in an attempt to extend the economic recovery after Monday’s release of Japan Q2 GDP data showed the Japanese economy barely grew last quarter. The central banks of Australia and South Korea said the world economic outlook has become clouded, which may slow their pace of future interest rate increases. The minutes of the Aug 3 RBA policy meeting released today said th ere is "more uncertainty over the global outlook than there had been earlier in the year," while BOK Governor Kim Choong Soo said in a speech today that markets "may prove turbulent in the future."

Overnight U.S. Stock News

• Sep S&Ps this morning are up +7.00 points. The stock market yesterday erased early losses and finished the day mixed (Dow -0.01%, S&P 500 +0.01%, Nasdaq Composite +0.39%). The S&P 500, the Dow and the Nasdaq all fell to 3-week lows but recovered to finish mixed to higher. Bullish factors included (1) strength in raw materials and commodity producers after the dollar fell and boosted most commodities along Goldman Sachs’s reiteration of its "overweight" rating on commodities, and (2) the plunge in the yield on the 10-year T-note to a 17-month low of 2.57%, which should benefit consumers and businesses.
• Bearish factors included (1) carry-over weakness from a fall in Japanese and European stocks on concern the global economic recovery is faltering after Q2 Japan GDP came in weaker-than-expected (+0.4% annualized versus expectations of +2.3% annualized), (2) the weaker-than-expected Aug Empire manufacturing index (+2.0 to 7.1 versus expectations of +3.2 to 8.3), (3) a slump in homebuilders after the unexpected decline in the Aug NAHB housing market index to a 17-month low (-1 to 13 versus expectations of +1 to 15), and (4) the decline in most education stocks after data from the US Department of Education signaled that for-profit college aid may be imperiled because loan payback rates are insufficient.
• Potash Corp. of Saskatchewan (POT) surged 13% in pre-market trading after the world’s largest fertilizer producer rejected an unsolicited takeover proposal from BHP Billiton worth $130 a share in cash.

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