Equity markets are up nearing the mid-point of Friday

October 14, 2016 8:17AM CDT

Equities are up, and Indexes are slightly stronger as traders digest Initial Jobless Claims (Thur.,+246k), PPI (+0.3%) and Retail Sales (+0.6%). All three indicators lean toward a strengthening economy and upward inflationary pressure, both precursors of a much-anticipated interest rate hike. Janet Yellen will speak early this afternoon and analysts will be combing the speech text for increased hawkish tone.

December gold futures are lower, trading near $1,254 (-29), with silver bearish at $17.43 per ounce. Gold held near a four-month low as investors focused on the likelihood of higher U.S. interest rates. The December S&P contract is up near 2132 (+5 pts.) and the Dow is in green by 72 points at 18,092. December bond futures are selling off at 13003 (-3) and 16404 (-26) for Notes/Bonds respectively.

Crude oil is weaker at roughly $50.46, erasing gains as the dollar advanced and U.S. crude supplies climbed for the first time since August. Natural gas is just down harder, in the red at $3491.

Grains are stronger amid a short-covering rally with the US dollar up. Corn ($3.55), wheat ($4.23) and soybeans ($9.66) are up headed into the weekend.

Gold Daily

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