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October 25, 2014
Ahead of the Bell
May 20 2013 | 8:26 AM

Ahead of the Bell: Dow futures are trading down 2 points and S&P futures are trading down 2 points.  Global shares were buoyed by improving consumer sentiment from the US and prospects of more stimulus from the Bank of Japan. There is increased speculation the Federal Reserve will exit its ultra-easy monetary policy. The dollar gave up some ground against the Japanese yen while European stocks retreated from earlier gains, weighed down by the materials sector. The US deficit appears to be shrinking after the Congressional Budget Office reported it is slashing its forecast for 2013; however, this means there is less pressure on lawmakers to reform the tax system.

  • On the economic calendar today, no major reports are due.  The dollar is down against the major currencies.  Gold is trading at $1,352. Crude oil is currently trading at $95 a barrel. 

  • Last week stocks hit fresh new...
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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
Ahead of the Bell
May 20 2013 | 6:24 AM

The economic release schedule for the week of May 20th is as follows:

  • Monday:  Chicago Fed National Activity Index
  • Tuesday:  ICSC-Goldman Store Sales
  • Wednesday:  MBA Purchase Applications, Existing Home Sales, Ben Bernanke Speaks, and FOMC Minutes
  • Thursday:  Weekly Jobless Claims, PMI Manufacturing Index Flash, FHFA House Price Index, News Home Sales, Kansas City Fed Manufacturing Index, and Fed Balance Sheet
  • Friday:  Durable Goods Orders

 I spoke with Gordon Charlop Ph.D., Managing Director, Rosenblatt Securities, and frequent CNBC commentator, about what he will be watching. On the economic calendar this week there are a few key pieces of data Charlop will focus on, including the overall market, weekly jobless claims, housing data, and the Federal Reserve’s next move.

Overall Market

Charlop believes the rising equity markets belie a demand for credit,...

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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
Amsterdam Gong
May 20 2013 | 3:52 AM

On 20 May the Diabetes Research Foundation starts the new campaign ‘About living with diabetes’.

Thereare as many as onemillion people with diabetes in the Netherlands and every day that number increases with 240 people. The impact of the disease is big, diabetes can cause heart disease, kidney failure and blindness. The campaign ‘About living with diabetes’ shows the impact of diabetes. On May 20th the first episode of the television program ‘About living with diabetes’ is broadcasted at 7.25 pm on Nederland 1. Chairman Supervisory Board Diabetes Research Foundation, Sybilla Dekker, sounds the gong.

For more information:

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End of Day Report
May 17 2013 | 4:41 PM

US equities rallied to fresh record highs on Wall Street, and the dollar rebounded as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program.  Stocks also got a lift from a survey showing May U.S. consumer sentiment rebounded to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper income households.  All major sector were positive, with Financials, Materials and Industrials leading the move higher.  Treasuries have given back some of yesterday's gains.  Gold has extended its recent selloff, though oil has outperformed. 

Next week’s earnings schedule will be dominated by retail (HD, LOW, AEO, URBN,RL,GPS, ANF,TGT,LTD,BBY) and technology (HPQ, INTU,CRM, MRVL).  A healthy number of analyst meetings and sell-side conferences also round out the corporate calendar. Economic highlights will include another...

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Market Watch & Corporate Actions Specialist, Global Corporate Client Group
The Bell
May 17 2013 | 4:23 PM

On May 19, 2013, Shufro, Rose & Co., LLC will celebrate the firm’s 75th Anniversary of Founding and NYSE Membership.  To celebrate this occasion, executives from the firm will visit the NYSE on May 17, 2013 to ring the Closing Bell.

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