U.S. stock futures sales drop, prune strengthening in January

NFP (Non-Farm Payroll) USA Employments Data February 1, 2013

U.S. stock futures sales drop, prune strengthening in January. U.S. stocks fell, trimming the best gain in January for the Dow Jones Industrial Average since 1994, the results of earnings disappointments and investors considering data jobs report on Friday. The market is resting, so unless there are significant economic news over significantly below expectations, or if you might get decreased trading market, said Eric Green at Penn Capital analyst in Philadelphia, said in a telephone interview. "Results of variation in the data gives reason to potential benefit. "main index fell from its highest level in five years yesterday as economy reached unexpectedly shrank in the fourth quarter. Economic reports today showed that consumer spending in the U.S. rose in December as rising incomes in nearly 8-years, while claims for unemployment benefits rose more than expected last week.

Bernanke Disappointed With Current Economic Growth.

Federal Reserve Chairman Ben S. Bernanke signaled that he would not close the easing of $ 85 billion / month in bond purchases to spur the sluggish economy and lower the unemployment rate below 7.8%. The FOMC said in a statement yesterday that growth, though slowed by "temporary factors" will face "downside risk" even after the global financial market tensions have eased. The expansion will be obtained and unemployment will fall in response to "the right policy accommodation" Fed officials said in a statement after a two-day meeting. "Everything in the statement have indicated that they will continue to buy bonds worth $ 85 billion / month, and that they still have a way to run it before they are satisfied that the labor market like the way they want," said Ward McCharty, chief economist at Jefferies & Co. in New York and a former Fed economist Richmond.

Euro Print Longest Period Monthly Increase

The euro managed to score the sixth monthly increase versus the U.S. dollar, the longest streak of monthly increase in nearly a decade, as signs of economic recovery Eurozone deliver currency on a bullish trend. Weak German retail sales data released Thursday could undermine bullish euro sentiment, although then it can be treated by a solid German employment data. Euro short-term target lies at $ 1.3640 next, 15 November 2011 highs. Nick Bennenbroek, head of currency strategy at Wells Fargo Bank in New York.

Oil Weakens dragged Unemployment Claims Data

Oil fell for the first time in four days as the data claims for unemployment benefits rose more than expected, reducing optimism that economic growth will boost demand for fuel. Oil prices fell after experiencing the biggest increase since August after jobless claims rose to 368,000 last week, exceeding the media economists surveyed by Bloomberg, and U.S. consumer comfort index slipped to fourth week. Oil settled at its highest level in four months on speculation that strong economic growth will boost demand. "Sentiment is slightly in front ahead of the actual data out of the lane," said Jacob Correll, an analyst at Summit Energy Inc.., Kentucky. "It is very difficult to maintain bullish until we start to see better results, and concrete data. "

Gold Slump, Investors Profit Taking

Gold fell nearly one percent on Thursday as investors were disappointed by the failure of the rally continued with the reading of weak U.S. economic growth earlier in the day so they are cashing in profits, with the decline in European markets and the euro, helped increase the selling pressure. Gold on Wednesday touched the highest level in more than two weeks after data showed the U.S. economy unexpectedly shrank in the fourth quarter, gold was more solid after the Federal Reserve pledged to keep bond buying program by $ 85 billion / month.

The failure of gold to strengthen further due to the rally in the stock and the euro lost strength prompting a sell-off for gold