From The Trading Floor: Investors have shifted their attention from worries over Cyprus to looking ahead to the Federal Reserve's policy meeting announcement later this afternoon. It is expected to keep monetary policy unchanged this month, continuing its low rates policy and its $85 billion a month in asset purchases
Mortgage Applications in the U.S. fell by 7.1% for the week ending March 15th, the 5th week in the last 6 as borrowing costs climbed
The Fed's statement on monetary policy is due out at 2 p.m. EDT, and will be followed by a press conference by Fed Chairman Ben Bernanke. While the Fed is widely expected to leave its policy unchanged, investors will be looking for any clues as to when the asset-purchase program may change.
Model N IPO’d on the NYSE today priced 6.47 million shares last night at $15.55 with an opening trade of $20.30 on a print of 1,604,079 shares
Ahead of the Bell: Dow futures are trading up 71 points and S&P futures are trading up 8 points despite uncertainty in the euro zone as investors are optimistic ahead of the Fed announcement. The Federal Reserve is expected to sustain its $85 billion monthly bond-buying stimulus despite improving U.S. economic data as a new flare-up in the euro zone crisis following Cyprus's troubles. Cypriot leaders held crisis talks on Wednesday to avert financial meltdown after the Cypriot parliament rejected the terms of a European Union bailout, throwing efforts to rescue the latest casualty of the euro zone debt crisis into disarray.
On the economic calendar today, no major reports are due. The Fed is expected to keep the key interest rate at 0.25% at its FOMC meeting announcement at 2 p.m. The announcement will be followed up with Chairman, Ben Bernanke’s press conference at 2:30 p.m.
To promote and support responsible investment (RI), NYSE Euronext (NYX) and Vigeo have teamed up to launch a range of indices focusing on the three pillars of RI: the environment, social issues and governance (ESG).
Indices in this new range are the Euronext Vigeo World 1201, Euronext Vigeo Europe 120, Euronext Vigeo France 20 and Euronext Vigeo United Kingdom 20, and include major listed companies from Europe, the Asia‐Pacific region and North America. Index components are selected on the basis of Vigeo ratings and will be updated twice a year, in May and in November. Two more indices – the first in the United States and the second in the Benelux region – will be added by the end of the first half.
Today trading will be opened by Rabobank and PZO, to mark the national day for the Independent Professional (Dag van de Zelfstandige 2013). The gong also is the symbolic start for a sustainable partnership between these two parties.
The role of independent professionals as an economic entity throughout the national and international economic area is constantly increasing. The independent professional deliberately chooses the entrepreneurship. He is flexible, has a variable income and (most of all) operates at his own risk. The independent professional wants and needs his space to exploit his own business without unnecessary obstruction by the government. For both Rabobank and PZO - within their scope of business - the independent professional plays a very important role which represents the very cause of the above mentioned...
On Tuesday, March 19, 2013, executives and guests of Lima, Peru- based cement manufacturer Cementos Pacasmayo will visit the New York Stock Exchange for an investor luncheon and to commemorate the company’s first anniversary of listing.
To mark this occasion, Cementos Pacasmayo Chairman Eduardo Hochschild, Chairman of the Board, along with members of the company’s leadership team, will ring the NYSE Closing Bell.
Cementos Pacasmayo S.A.A. (NYSE: CPAC)
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the only cement manufacturer in the Northern region of Peru. In February 2012, the Company’s shares were listed on The New York Stock Exchange - Euronext under the ticker symbol "CPAC". With more than 54 years of operating history, the Company produces, distributes and sells...