Paras Madho is a Director of the Market Watch & Corporate Actions, Global Corporate Client Group for NYSE Euronext (NYSE: NYX). In this...
Ahead of the Bell: Dow futures are trading up 63 points and S&P futures are trading up 7 points as investors become more optimistic that a better than expected first quarter earnings season will overshadow the deteriorating euro zone crisis. Spain, and its debt crisis, is the most recent EU member to come into focus. Central bankers in the US and Japan have signaled their easy monetary policies are expected to continue.
DJIA up 89.46 pts/+0.70%/12,805.39
S&P up 10.12 pts/+0.74/1,368.71
Nasdaq up 25.24 pts/+0.84/3,016.46
Dow Futures up 63.00 pts/+0.35%
S&P Futures up 7.40 pts/+0.44%
Nasdaq Fut up 16.22 pts/+0.41%
CAC 40 -0.25%
NIKKEI 225 +0.70%
HANG SENG +0.93%
Overseas: World stock markets were up today. European and Asian markets are up after US markets kicked off first quarter earnings season positively with Alcoa.
Economic Reports: International trade expected to be $-51.7B, Initial Jobless Claims expected to be 359K, & Producer Price Index expected to be 0.3% at 8:30 a.m. and Treasury Budget expected to be $-188.7 B at 2:00 p.m.
Gold:down $4.82 to $1,654.85
Oil: up 0.47 to $103.07
EUR/USD 1.3149 +0.0039
USD/JPY 81.0265 +0.1715
GBP/USD 1.5959 +0.0047
Volatility Index (VIX): As of the close of business Wednesday, April 11, the VIX is down 0.37 at 20.02
Companies Reporting Quarterly Earnings:
Rite Aid reports Q4 EPS (18c) vs. Est (14c) and Q4 revenue $7.1B, vs. Est $6.98B.
ENGlobal Corp reports Q4 EPS (15c), vs. Est 3c and Q4 revenue $76.1M, vs. Est $81.5M.
Today’s Opening and Closing Bells:
Aircastle Limited (AYR) will ring the opening bell.
Valspar Kicks Off Start of Painting Season – Announces Valspar Love Your Color Guarantee, CEO Gary Hendrickson will ring the closing bell.
Market Watch and Corporation Actions
(212) 656- 5404
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