Ahead of the Bell: Dow futures are trading down 27 points and S&P futures are trading down 4 points as investors worry that a Greek exit from the euro zone might cause a domino effect, and drag other peripheral countries with it. Greece's escalating crisis, and fears of contagion to other debt laden EU members, is rattling financial markets, after the ECB said it will temporarily stop lending to some Greek banks to limit risk.
On the economic calendar today, initial jobless claims will be out before the market opens and it is expected to be 365K, compared with 367K for the previous week. Philadelphia Fed Survey for May will be out after the market opens and it is expected to be 10.0, versus 8.5 for April. The conference board will release leading indicators for April after the opening bell and it is forecasted to be 0.1% compared with 0.3% for March.
Crocokids, a charity that supports children suffering from Crohn’s disease and ulcerated colitis, sounds the gong in honour of the first Crocokids event.
On Saturday 19 May, children suffering from Crohn’s disease and ulcerated colitis will be invited to visit the PSV football stadium, where they will be given a tour of the premises. Crocokids is dedicated to supporting research, improving information about these diseases, and to organising activities for children who have chronic intestinal inflammation. The research is focused on faster diagnosis, improved therapy and the prevention of complications in later life. Dr De Ridder, who is a paediatrician and the initiator of the project, sounds the gong.
Markets closed down but spent much of the day in positive territory as investors digested positive U.S. housing data and after Germany’s Merkel and newly elected French President Hollande both said they want Greece to stay in the Euro zone.
Markets started to turn course after reports ran that the ECB has halted monetary policy operations to certain Greek banks – though it is unclear if there is just a position to freeze assets until the government accelerates the process of recapitalizing lenders. Late this evening, International Monetary Fund Managing Director Christine Lagarde was reportedly made the comment that “the best outcome would be for Greece to agree to the bailout terms and stay in the Euro.
European and Asian markets fell as well today after investors sought safer places for assets as Greece’s financial and political situation remains under fire. After a number of failed attempts to form a government...
On Wednesday, May 16, Astoria Financial Corporation, a bank holding company for Astoria Federal Savings and Loan Association, marks its tenth anniversary of trading on the New York Stock Exchange.
To celebrate this milestone, Astoria Financial Corporation President and CEO Monte N. Redman, along with members of the company’s management team and Board of Directors, visited the NYSE trading floor to ring The Closing Bell.
Video of the event will be available shortly.
About Astoria Financial Corporation (NYSE: AF)
Astoria Financial Corporation, with assets of $17.1 billion, is the holding company for Astoria Federal Savings and Loan Association. Established in 1888, Astoria Federal, with deposits in New York totaling $11.1...
Exchanges.nyx.com is the corporate blog of NYSE Euronext. The robust and engaging platform provides news and information to business leaders, traders and those interested in today's global financial markets.
Over 80 writers contribute to the main site on topics such as IPO Trends, NYSE History, Global Trading Infrastructure, NYSE Liffe US, NYSE Amex Options, ETF Landscape, Goverance and Proxy and over 50 more. Participate today with your comments and join us on Facebook and Twitter.