Weekly Jobless Claims Fall
Airtime: Thurs. Oct. 7 2010 | 8:31 AM ET
U.S. jobless laims fell 11,000 week ending Oct. 2, with CNBC’s Rick Santelli & Steve Liesman.
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There are over 210 million people unemployed across the globe which is an increase of 30 million since 2007, Juan Somavia, director general of the ILO, told CNBC.
Slovenian President: Weak Euro is Good
“This year we are expecting moderate growth… The discovery we made last year was that export dependence is also vulnerability,” Danilo Turk, the president of Slovenia, told CNBC Friday. The recent weakness of the euro is a good thing for Slovenia, he added.
French, German Banks Still Exposed to Debt
French and German banks are still the most exposed to debt-ridden euro zone countries, according to data from the Bank of International Settlements. Arturo De Frias from Evolution Securities has analysis Monday.
The Trader's Edge- Art Cashin
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Stocks End Mixed Ahead Of Jobs Report
So far, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been very strong and stocks are simply pausing to consolidate their recent gains. It was encouraging to see the bulls show up and defend support (formerly resistance) in recent weeks. The next level of support for the major averages is their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.
