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 104 points and S&P futures are trading up 14 points. Europe will once again be in focus, as surging borrowing cost for several EU members is adding pressure on Germany and France to settle their differences on how involved the ECB should be in backstopping the debt crisis. ECB President, Mario Draghi said Euro zone governments should not waste any time in bolstering the region’s rescue fund, Europe is running out of options to resolve the sovereign debt crisis.
DJIA down 134.86 pts/-1.13%/11,770.73
S&P down 20.78 pts/-1.68/1,216.13
Nasdaq down 51.62 pts/-1.96/2,587.99
Dow Futures up 104.00 pts/+0.89%
S&P Futures up 14.50 pts/+1.16%
Nasdaq Fut up 17.58 pts/+0.78%
CAC 40 -0.05%
NIKKEI 225 -1.23%
HANG SENG -1.73%
Overseas: World stock markets were down today. European and Asian markets were down on concerns Europe will not be able to contain the debt crisis.
Economic Reports: Leading Indicators expected to be 0.5% at 10:00 a.m.
Gold:up $15.10 to $1,736.85
Oil:up 1.20 to $100.12
EUR/USD 1.3594 +0.0100
USD/JPY 76.6415 -0.3700
GBP/USD 1.5865 -0.0100
Volatility Index (VIX): As of the close of business Thursday, November 17, the VIX is up 1.00 at 34.51
Companies Reporting Quarterly Earnings:
Heinz (HNZ): Q3 EPS of $0.81 beats by $0.01. Revenue of $2.83B (+8.3% Y/Y) misses by $80M.
Today’s Opening and Closing Bells:
Delphi Automotive Celebrates IPO on the New York Stock Exchange Rodney O'Neal, Chief Executive Officer & President, will ring the opening bell.
Brazil’s Cosan Limited (CZZ) visits the NYSE to celebrate “Cosan Day.” Cosan Day represents an opportunity to share the company’s plans for the future and its growth potential with investors, market analysts and other representatives of the financial community, including the media. Cosan CEO Marcos Lutz will ring the closing bell.