US pre-open: Treasuries rise on haven demand

Date: Wednesday 30 May 2012

The main US equity benchmarks are expected to open lower today by about 1% on average, giving back all of yesterday’s gains. That following renewed signs of stress in the Eurozone periphery and ahead of a very data heavy calendar tomorrow and Friday.

Worth noting, the monthly employment report will be released on Friday. Also of interest, the US Vice-Secretary of the Treasury is on a tour of various European capitals to analyse the Continent’s financial crisis response measures.

Back on the company front, investors will continue to keenly watch Facebook’s share price, with some analysts cited by Bloomberg indicating that it could fall by another 20%.

Research in Motion is down 10% after forecasting an operating loss for the first quarter.

The NAHB will release its pending home sales data for the month of April at 3PM.

Very large move up in Treasuries

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