Daily Data Flow: Stocks Fluctuate on Europe Concerns; Oil Flat Today; Euro Falls against Dollar

Daily Data Flow

Stocks Fluctuate on Europe Concerns (Bloomberg)
While earnings surpassed estimates, U.S. stocks fluctuated as investors were concerned about Europe’s debt crisis in anticipation of a gathering of euro-area leaders scheduled for tomorrow. “It’s a yo-yo market,” Tom Wirth, senior investment officer for Chemung Canal Trust Co., in Elmira, New York, said. “We look forward and get a little nervous about events where we don’t know what the outcome will be. We’ve had a nice run. We’re going to have some digestion that takes place here before it turns again.”

Oil Flat Today (MarketWatch)
Oil finished almost unchanged today, as supplies of crude did not rise quite as much as predicted and distillate stockpiles continued their fall from last week. Crude supplies will likely continue to build in the coming weeks, said Tariq Zahir, managing member at Tyche Capital Advisors, and “with inventories well above their five-year averages on the supply side, we feel crude could remain under pressure over the short to medium term.”

Euro Falls against Dollar (Reuters)
The euro slumped today against both the U.S. dollar and the Japanese yen as investors anticipate tomorrow’s aforementioned gathering of euro-area leaders. The euro near-future fate hinges upon comments to be made by European Central Bank President Mario Draghi. “We expected euro/dollar to remain in tight ranges this whole week ahead of the ECB, which is what we have seen,” said John Doyle, foreign exchange strategist at Tempus Consulting in Washington, D.C. Tomorrow “could be eventful, especially if the ECB hints at a future interest rate cut in the coming months,” he said.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor