Don’s Notebook April 19, 2018

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This morning’s pre-market Initial Jobless claim report was favorable, at 232,000 in the April 14 week. This is 5,000 higher than the mid-March reading which offers a sample-week to sample-week comparison for the monthly employment report. A rise in jobless claims may have sparked talk of a weak April employment report.

Overnight picture:

  • The MSCI Asia Pacific Index climbed 0.5 percent
  • Japan’s Topix index closed little changed
  • Malaysia’s benchmark FTSE Bursa Malaysia KLCI Index ended the session at a record high.
  • Trading was subdued in Europe – the Stoxx 600 Index was broadly unchanged
    • Miners were among the best performers.
  • S&P 500 futures were slightly lower
  • 10-year Treasury yield was at 2.891%
  • Gold was flat.

Bank of New York Mellon Corp. and Blackstone Group are reporting earnings.

More than a generation of Castro rule of Cuba ends today when Miguel Diaz-Canel takes over the presidency from Raul Castro

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Dr. Don Pratl is Director of Trader Development and Education for TradeStation. He joined TradeStation in 2016 after holding similar roles with other online brokerages. Don’s long career in the financial services industry reflects expertise in administering trading and investment strategy programs for retail investors as well as financial services professionals. Since the 1980s, he has held various positions in areas including CBOE trading floor order execution, marketing, sales, personnel management, training and customer service. Don holds series 3, 4, 7 and 63 FINRA licenses, earned his Ph.D. in Organization and Management, and his M.A. and B.A. in Political Science. He has been an occasional adjunct college instructor since 2004 at a range of institutions, teaching undergraduate, graduate and doctoral students using in-class and online formats.