Pre-Market Brief

Good morning. Futures are a touch higher, sp +1pt, we're set to open at 1944. Metals are moderately higher, Gold +$3. The real action is in Oil, +1.8%, no doubt due to Iraqi concerns. Equities look set for a renewed push higher, but with lighter volume.


sp'60min

Summary

Well, it is day 1 of the World cup, and many will be turning their attention away from the markets later today (pre show starts shortly after 2pm EST.
--

We do have some econ-data across the next few hours, so... market should start to move from here.
--

Oil is roughly $106, and the $110 level remains a major threshold. A weekly/monthly close >$110 would be significant, and bode for some

--

9.04am. futures slipping a little. . sp -2pts, we're set for 1941...a little close to breaking yesterdays floor.

Regardless, there is no significant downside pressure, and that will surely remain the case until at least next Wednesday afternoon.