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05May2016 Market Update: Afternoon Markets Trading Sideways As Investors Weigh The Probabilities Of An Impending Market Decline, Crude Prices Lower For Now, US Dollar Melting Back Up

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Written by Gary

US markets opened up fractionally as expected and the Spooz has traded above and below the 2055 support/resistance for the entire morning session. WTI crude has slipped off its $46 high this morning and is trading quietly in the high 44's for now, but is expected to rise again and place immediate bearish pressure on Wall Street. Global financial data continues to be on the weak side worrying investors.

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What We Read Today 04 May 2016

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

10 Everyday Activities That Are Illegal In North Korea

If your next vacation is to North Korea then you might want to cross these activities off your itinerary...driving, drinking, and making phone calls are just a few of the things that can land you in prison if you perform them in the DPRK. Check out these 10 everyday activities that are North Korean no-nos.







Infographic Of The Day: Detox Smoothie Recipes To Cleanse Your Body Naturally

Detoxing has become a very popular trend lately, and for good reason.

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Video of the Day:

If your next vacation is to North Korea then you might want to cross these activities off your itinerary...driving, drinking, and making phone calls are just a few of the things that can land you in prison if you perform them in the DPRK. Check out these 10 everyday activities that are North Korean no-nos.


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 more investing, markets, precious metals & forex

05May2016 Pre-Market Commentary: Crude Prices Rise, Stock Futures Higher, Weekly Jobless Claims Higher, Investor Optimism May Be Short Lived



 more opinion

Lord Krebs: Scientists Must Challenge Poor Media Reporting On Climate Change

from The Conversation

-- this post authored by John Krebs, University of Oxford

Ocean acidification is causing fundamental and dangerous changes in the chemistry of the world's oceans yet only one in five Britons has even heard of ocean acidification, let alone believes it a cause for concern. Around 97% of climate scientists believe global warming is principally driven by human activity, yet only 16% of the public know the expert consensus to be this strong.

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 USA economy at a glance (boxed items are updates in last 7 days)

30 April 2016 Initial Unemployment Claims Rolling Average Worsened. 61 Consecutive Weeks Of Initial Claims Below 300,000

Weekly Initial Unemployment Claims

The market expectations for weekly initial unemployment claims (from Bloomberg) were 256,000 to 271,000 (consensus 262,000), and the Department of Labor reported 274,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 256,000 (reported last week as 256,000) to 258,000. The rolling averages generally have been equal to or under 300,000 since August 2014.

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