Ahead of the Bell: Dow futures are trading down 91 points and S&P futures are trading down 14 points after the European Union advised Cyprus, a member of the 17-nation euro zone block, over the weekend to levy a tax on bank accounts, as part of a 10 billion euro bailout. This is against previous EU practice that depositors' personal saving accounts were sacred. The country's parliament will vote on the proposal tomorrow and plans to soften the tax hike on smaller savers. Investors are concerned with bank runs and fears of contagion in the financial sector, which is sending shock waves throughout global financial markets.
On the economic calendar today, the housing market index for January will be out after the opening bell, economists expects a reading of 47, compare with 46 in February. The dollar is up against the major currencies. Gold is trading at $1,576. Crude oil is currently trading at $...
Today football club Ajax celebrates its 113th birthday during the gong ceremony at the Amsterdam exchange. Captain Siem de Jong sounds the gong and opens trading.
Ajax is now a big, world renowned football club but it began as a small organisation set up by a group of friends on 18 March 1900 in the Ajax cafe in Amsterdam. Now one of the biggest clubs in Europe, Ajax has a rich tradition to uphold. It celebrated its first Dutch championship victory in 1918, and 1957 was the first year in which Ajax participated in the European Cup Finals. Ajax won its 30th national championship victory in 2011. Today’s it celebrates its birthday with the gong ceremony.
Stocks ended lower today after a ten session advance as investors digested mixed economic reports. The dollar fell on word that the Federal Reserve will pursue its aggressive monetary campaign despite signs the U.S. economy is strengthening.
On the economic front, the Consumer Price Index jumped 0.7% after no change in January. Higher gasoline prices were the main culprit.
The Empire State index came in at 9.24, well above zero which indicates monthly growth in the New York manufacturing sector. However, that's slightly slower than February's 10.04.
Manufacturing in February improved sharply, (+0.7%) in February, indicating that it may be making a comeback after a soft January.
Consumer Sentiment is surprisingly low this month, to 71.8 vs. a roughly 79 level during the last two weeks of February. The weakness is in the expectations component which fell 8.5 and is the lowest reading since the third quarter of...
Executives and guests from Diageo and Guinness will visit the New York Stock Exchange on Friday, March 15 to celebrate St. Patrick’s Day and Diageo’s iconic Irish brands: Guinness, Bushmills, Baileys, Harp, Smithwicks and Kilkenny.
To mark this special occasion, Diageo North America CFO Greg Kryder and Diageo-Guinness USA President, Sheila Stanziale, will ring the Closing Bell.
DIAGEO PLC (NYSE: DEO)
Diageo (Dee-AH-Gee-O) is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, beer and wine. These brands include Johnnie Walker, Crown Royal, JεB, Windsor, Buchanan’s and Bushmills whiskies, Smirnoff, Cîroc and Ketel One vodkas, Baileys, Captain Morgan, Jose Cuervo, Tanqueray and Guinness.
Diageo is a global company, with its products sold in more than 180 countries around the world. The company is listed on both the...