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 29 points and S&P futures are trading up 3 points as the euro hits fresh highs against the dollar and global markets rally. However, concerns over rising oil costs and the implementation of the Greek rescue plan continue to temper enthusiasm. G20 finance leaders will be meeting this weekend in Mexico with European sovereign debt at the top of the discussion list.
DJIA up 46.02 pts/+0.36%/12,984.69
S&P up 5.80 pts/+0.43/1,363.46
Nasdaq up 23.81 pts/+0.81/2,956.98
Dow Futures up 29.00 pts/+0.23%
S&P Futures up 3.40 pts/+0.26%
Nasdaq Fut up 4.58 pts/+0.20%
CAC 40 -0.57%
NIKKEI 225 +0.54%
HANG SENG +0.12%
Overseas: World stock markets were up today. European and Asian markets are up on improving signs over the euro zone sovereign debt crisis and better than expected growth figures from South Korea.
Economic Reports: Consumer Sentiment expected to be 73.0 at 9:55 a.m. and New Home Sales expected to be 315K at 10:00 a.m.
Gold:down $5.10 to $1,781.85
Oil: down 0.45 to $108.23
EUR/USD 1.3410 +0.0036
USD/JPY 80.6000 +0.6365
GBP/USD 1.5801 +0.0050
Volatility Index (VIX): As of the close of business Thursday, February 23, the VIX is down 1.39 at 16.80
Companies Reporting Quarterly Earnings:
Interpublic Group of Companies (IPG): Q4 EPS of $0.50 beats by $0.11. Revenue of $2.07B (+3.4% Y/Y) in-line.
Alpha Natural Resources (ANR): Q4 EPS of -$0.07 may not be comparable to consensus of $0.27. Revenue of $2.07B (+108% Y/Y) misses by $90M.
Interline Brands (IBI): Q4 EPS of $0.26 beats by $0.02. Revenue of $303M (+2.8% Y/Y) misses by $3M.
Endo Pharmaceuticals (ENDP): Q4 EPS of $1.40 beats by $0.08. Revenue of $803.4M (+57.2% Y/Y) in-line.
Elster Group (ELT): Q4 EPS of $0.41 may not be comparable to consensus of $0.11. Revenue of $474M (-0.6% Y/Y) misses by $14M.
Potomac Electric Power Company (POM): Q4 EPS of $0.15 misses by $0.03. Revenue of $1.23B (-18.6% Y/Y) misses by $520M.
Today’s Opening and Closing Bells:
Timmins Gold Corp. Visits the NYSE CEO Bruce Bragagnolo will ring the opening bell.
inMotion Inc. will ring the closing bell.