What to Know Before Trading Today!

*Stocks were generally strong in Asian trade

*Stocks were generally strong in Asian trade. The Nikkei and Hang Seng both gained about 1.25%, Australia was up three quarters of a percent, but Shanghai lost a fraction. European indexes are also generally higher on the day; at the moment the Dax and Footsie are both higher by about 0.8%. US stock futures are currently up about a half percent.

*The August reading of Japan's Nationwide Department Store Sales was -3.2% on a year over year basis, continuing a trend of annualized declines that began in March 2008.

*The August reading of Germany's Producer Price Index is 0.0% on a month on month basis, a rise of 0.3% was expected.

*The August reading of the Consumer Price Index is due out at 7:30am CDT. The headline CPI is expected to rise 0.3% on a month on month basis and the estimate for the Core rate is +0.1%. The year on year readings are expected to be +1.1% and +1.0% respectively. The preliminary September reading of consumer sentiment from the University of Michigan is due out at 8:55am CDT, it is forecast to be 70.0, up from the August result of 68.9.

*The Fed's quarterly statistical report, The Q2 Flow of Funds, is due to be released at 11:00am CDT.

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What to Know Before Trading Today!

By: Ronald Russo

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