Markets Going Nowhere After Weak US Data: Here Are The 10 Trades To Watch

mixing bowl spoon

Photo: Rex Roof via Flickr

Markets are mixed right now after this morning’s higher than expected PPI number and weak jobs data. Europe has been reassuring, however, with ECB President Jean-Claude Trichet talking up the inflation threat to the eurozone. The result has been a surge in the euro.

Marathon Oil was one of the big stocks in play on the news of its spin-off plan.

  • DOW down 0.14%
  • NASDAQ up 0.13%
  • S&P 500 up 0.02%
  • CAC up 0.75%
  • FTSE down 0.58%
  • DAX flat

Industrial goods up, healthcare down

The Big Trade: Euro creeped to 9-day high

BIG WINNER: Marathon Oil rising on spin-off news

BIG WINNER: Repsol YPF spiking after report of India' Essar Group acquiring 5% of the company

BIG LOSER: Infosys Technologies down on disappointing quarter

BIG LOSER: Merck & Co. drops to six-week low

Sector Mover: Industrial SPDR ETF

Country Mover: PowerShares India Portfolio ETF

Energy: Crude oil stays flat

Metals: Gold drops after bond sales in Portugal and Spain

Is the market heading towards another bubble?

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