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: Calculated Risk

Futures Off Tonight

By Anonymous

The U.S. futures are off tonight:

From CNBC: Pre-Market Data shows the S&P 500 off about 19 or almost 2.0%. Dow futures are off about 150 points.

Get your Dow 10K hats ready ... I've heard the Libor is "going nutty" (no link).

CBOT mini-sized Dow

And the Asian markets are off about 2% ... and a graph of the Asian markets.

The Euro is back down to 1.23 dollars. Some other sources for exchange rates and NetDania.

And a couple of stories ...

From Micheal Pettis at Bloomberg: China Falls Victim to Greek Deficit Contagion

And from the Financial Times: Obama adviser calls for new ?mini-stimulus?

The Obama administration made a strong plea to Congress on Monday to grit its teeth and pass a new set of spending measures ... in order to help dig the economy ?out of a deep valley?. ... Lawrence Summers ... urged Congress to pass up to $200bn (£138.9bn) in spending measures ... last year?s $787bn stimulus is wearing off.
except with permission

Could be an interesting day ...

Best to all.

Full post as published by Calculated Risk on May 25, 2010 (boomark / email).