Mar 7 2014 | 11:15 AM
From The Trading Floor: After the February Jobs report exceeded expectations, the markets are continuing their climb with the S&P set to hit new records.
- Employers added more workers (175,000) than predicted in February indicating the economy is starting to bounce back from a weather induced setback
- The unemployment rate crept up to 6.7% from a 5 year low
- Labor Force participation rate remained the same at 63%
- The trade deficit in the U.S. was little changed in January as exports and imports grew.
- Consumer credit is at 3:00
- Supermarket chain owner Albertsons, which is controlled by an investor group led by private-equity firm Cerberus, has agreed to acquire Safeway in a deal worth $9.4B. The offer price is $40 a share
- General Electric (GE) has taken advantage of continued low rates with a $3B bond sale comprising $2.25B of 30-year notes and $750M in 10-year...
Managing Director, The Capital Markets Desk
Mar 7 2014 | 10:10 AM
Ahead of the Bell: Dow futures are trading up 9 points and S&P futures are trading up 2 points. The focus will temporarily shift back from the crisis in Ukraine to the jobs report this morning. The Labor Department is scheduled to release February's employment report before the opening bell and economists are forecasting the private sector created 150K jobs last month, while the unemployment rate is expected to remain unchanged at 6.6%. The weather is expected to weigh on February's non-farm payroll numbers, but it might not be enough sway the Federal Reserve from continuing to reduce its bond-buying program. After an hour-long telephone conversation between President Barack Obama and Russia's Vladimir Putin, the crisis in Ukraine remains at a standstill as Moscow is rebuffing calls from the international community to withdraw troops from the Crimea region. Putin defends Russia's decision to invade the port city to heed calls for help from Russian...
Director, Market Watch & Corporate Actions
Mar 7 2014 | 7:39 AM
In Lisbon the market will be opened by female employees and CEO of Euronext Lisbon Luís Laginha de Sousa. The ceremony follows a gymnastics class opened to all our employees, to raise awareness for the need of a healthier life and a better balance between work and personal life.
Mar 7 2014 | 6:57 AM
Euronext is celebrating International Women's Day on March 7th 2014 with a bell ceremony opening the trading day in Paris, followed by a conference on the theme of “Entrepreneurship: Women and risk-taking.”
Paris Saint Cloud Stade Français, a national women's volleyball team, will visit Euronext Paris for the opening of trading to highlight the risk of choosing a career as a professional athlete, as well as the role of women in sport.
The conference will be debated by Véronique Morali, (Présidente du directoire, Webedia Allociné) Viviane de Beaufort, (Professeure , ESSEC Business School) Inès de Dinechin, (Advisor, Lyxor Asset Management) Nicole Notat (Présidente Directrice Générale, Vigeo) and Agnès Touraine (Future Présidente de l’IFA) and will be moderated by Delphine Liou (BFM Business).
Mar 7 2014 | 4:58 AM
On International Women’s Day, Euronext Brussels opens trading with Arlene McCarthy MEP and Vice President of the Economic and Monetary Affairs. She is accompanied by Sonja Rottiers, Chairwoman of WOMAN ON BOARD and other female leaders and senior executives representing different companies. Delhaize and Umicore will be highlighted on the podium because they are elected by Vigeo as the best performing Belgian companies on promoting diversity on the workplace.
The bell ceremony is followed by a conference with guest speakers Prof. Bruno Colmant from Partner Roland Berger Strategy and the Vlerick Business School, Robert van der Eijk, Senior Vice President of Capgemini...