On March 14, António Mota, the Chairman of Mota-Engil and high level representatives from firms which actively worked towards the success of the Bond Issuing Mota-Engil Taxa Fixa 2013-2016, rang the NYSE Euronext Lisbon Closing Bell on the occasion of the public presentation of its results. This issuing was a success and it has increased the number of the offer – from 75 million to 175 million euros. The demand exceeds the offer in 300%. More than 16,200 investors bought bonds, that pay an interest rate of 6,85%.
From The Trading Floor: Markets have come out of the gate in positive territory, taking an early cue from European trading but boosted by better than expected jobless claims as the S&P now nears its all time high.
The number of Americans filing applications for unemployment benefits unexpectedly dropped to 332,000 last week to the lowest in almost 2 months, adding to the theory that the labor market is improving.
Wholesale prices in the U.S. climbed in February for a second month to 0.7% reflecting a jump in energy costs that are now dissipating
The Commerce Department said the current account deficit fell to $110.4 billion, from an upwardly revised $112.4 billion in the third quarter. That represented 2.8 percent of gross domestic product, unchanged from the third quarter, and tied for the lowest since 2.5 percent in the second quarter of 2009
U.S. Weekly Consumer Comfort Index for the week ending...
Ahead of the Bell: Dow futures are trading up 17 points and S&P futures are trading up 3 points. Confidence is building that the US economy might be getting back on track with the surprisingly positive retail data yesterday, coupled with February's non-farm payroll report last week. According to reports, economists now believe the economy is on course to grow about 2.5% in the first quarter of 2013. Both political parties in Washington still remain far apart over the budget negotiations on spending cuts, despite efforts by President, Barack Obama to convince congressional leaders of his proposal.
On the economic calendar today, the Labor Department will release weekly jobless before the market opens, 350K is expected compared with 340K for the week prior. Producer price index for February will also be out prior to the opening bell, 0.6% is expected versus 0.2% for January.