Breakfast Bites: Markets are trading in measured territory this morning ahead of a heavy week of earnings announcements and after the S$P 500 climbed for 2 weeks to trade near the highest level in 5 years
Fed chairman Ben Bernanke will speak at the University of Michigan at 4:30 p.m
Eurozone industrial output fell 3.7 percent year-over-year in November, the biggest decrease since November 2009. Output was down 0.3 percent month-over-month
UK business confidence fell to 90.3 in December, from 91.4 the previous month. A measure of output also declined to 93.1, below the 95 reading that indicates positive growth
Technically, support looks like 1459 / 1462 with resistance at 1471 / 1473
Ahead of the Bell: Dow futures are trading down 14 points and S&P futures are trading down 2 points with the focus primarily on global central banks and whether they will provide more stimulus. According to Chicago Federal Reserve Bank President Charles Evans, the US economy is expected to grow by 2.5% in 2013 and 3.5% in 2014. Evans also forecasts the unemployment rate would be 7.4%, easing to about 7% in 2014.
Federal Reserve Board Chairman, Ben Bernanke will be speaking later today at the University of Michigan on monetary policy, the after math of the financial crisis, and long-term challenges facing the US economy. Investors will be watching for hints as to the central bank’s bond repurchasing program and its easy monetary policy.
On the economic calendar today, there are no reports due. The dollar is up against the British pound and down...
Dutch Fund and Asset Management Association (DUFAS) celebrates its 10th anniversary with a visit to NYSE Euronext Amsterdam.
Mr Hans Janssen Daalen, general director of DUFAS, sounds the gong to mark the tenth anniversary in the presence of the members of the managing board. DUFAS represents the interests of asset managers working in the Netherlands.
This is just a brief posting to tell you about a new video interview VMware posted on their site about 'Business Transformation'. I have to say, I thought they were just asking me about our cloud, the Capital Markets Community Platform, but now that I watch the video I think I...