Mazda Motors managed to stay up amidst the turmoil due to sources leaking the company is talking about a possible contract with Italy’s Fiat since it has lost that of Ford.
The FTSEuro First 300 is down almost 1% today, in caution, ahead of the EU meeting to determine how to best deal with the economic situation.
The Euro hit a new low for the year, the lowest since the summer of 2010, at 1.2615 due to European doubts.
The Mortgage Bankers Association released the purchase applications this morning showing a change of 3.8% from a prior of 9.2%. The 30 year fixed decreased to 3.93 from 3.96.
Commodity futures look bleak this morning, as the market will have to deal with the skepticism from around the world, with oil, natural gas, gold and silver all currently down.
One thing that has not slowed is running shoes, which is gaining even more speed this year after a 14% boom last year. This could propel Nike, Foot locker and Dick’s sporting goods even higher.
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Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu