Monthly Archives: March 2012

The MorningSnapshot- 03/01

Equity futures are edging higher on the morning with investors focusing on economic data such as weekly jobless claims and same-store sales numbers out today. The number of Americans filing for first-time claims for jobless benefits fell to a level matching a four-year low, purchases climbed +0.2%, and incomes increased 0.3% in February. U.S. equity index futures continued to climb after the release.

There will be no payout for holders of credit-default swaps (worth a net $3.25B)on Greece debt, because the ISDA has officially decided that, despite effectively writing down 73% of the value of their debt, this was not a credit event.