Morning Drip 09.15.11

good morning – the Europe is SAVED (!!) rally continues and lots of data on tap

dj futs: +63.27; sp futs: +6.82; naz futs: +15.8

hong kong: +0.71%
japan: +1.76%
china: -0.23%

uk: +1.9%
germany: +2.31%
france: +2.27%

euro: +0.38% to 1.3793
gold: -1.22% to 1804.2
oil: +0.49% to 89.35
10 year yields 2.051, up 68bps

dollar index -0.29% to 76.608

data so far:

initial claims: 428K est. 410K; prior revised to 417K from 414K
cpi: +0.4% vs. est. +0.2%; prior +0.5%
cpi (core): +0.2% vs. est. +0.2%; prior +0.2%
empire manufacturing: -8.8 vs. est. -4.0; prior -7.7

data yet to come:

9:15a industrial production: est. 0.0% vs. prior +0.9%
9:15a capacipty utilization: est. 77.4% vs. prior 77.5%
10a philly fed: est. -10.0 vs. prior -30.7

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