Pierpont: Q1 GDP continues running at about +2%

Market news

11 May 2011

Pierpont: Q1 GDP continues running at about +2%

"The trade report is indicative of vigorous activity. Both exports and imports of goods exploded in March, up 6.1% and 5.7% respectively. The upside surprises relative to forecast were widespread across categories, especially on the export side."

Before the bell:

OIL: June WTI slips again to $102.10 just ahead of support at $102.04 with a break opening to $100.70

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