Ahead of the Bell: Dow futures are trading up 47 points and S&P futures are trading up 5 points on hopes for an improved outlook for demand after China reported strong import data. China posted surprisingly higher trade deficit for March as demand for foreign imports soared. In a rare piece of positive economic data from the euro zone, France reported industrial production increased in February compared with the month prior, although economists caution the data looking forward does show weakness in gross domestic product for 2013.
On the economic calendar today, the minutes of the Federal Reserve’s last Open Market Committee meeting will be release in the afternoon. Investors will look for clues on whether Fed officials are warming to the idea of scaling back the central bank's asset purchase program. Several Federal Reserve members will be on the speaking circuit at various...
Stocks jumped today, with the Dow Jones touching a fresh intra-day high as investors viewed mixed economic reports. Investors also reacted to the cooling of China’s consumer inflation, hoping that the easing of monetary conditions will continue in the country.
The NFIB small Business Optimism Index notes that confidence is down 1.3 points in March. Small businesses indicate taxes and regulations are the main cause for the drop.
Same-stores sales were up 0.7% during the week of April 6th. However, the cold weather continues to be a factor in keeping demand down for spring apparel.
An unexpected increase in sales made inventories drop by -0.3%. The decrease was centered on inventories of non-durable goods, drugs and farm products.
On Tuesday, April 9, executives and guests of Sasol (NYSE: SSL), will visit the New York Stock Exchange (NYSE) to commemorate the company's tenth anniversary of listing. The company's common stock began trading on the NYSE on April 9, 2003.
While at the NYSE Sasol will host an Investor Strategy Day, where members of Sasol's executive team will meet with investors and analysts, for a series of investment strategy presentations.
Sasol is currently in the front-end engineering and design phase, for an integrated gas-to-liquids project and a world-scale ethane cracker, in Louisiana. The proposed investment is estimated to be between $16 and $21 billion, making it the largest foreign investment in the State of Louisiana's history.
Sasol CEO, David Constable, will commemorate the...
Retail Properties of America Visits the NYSE to Mark First Year as a Publicly-Traded Company
President and CEO Steven P. Grimes to Ring The Opening Bell®
Executives and guests of Oak Brook, Ill.-based Retail Properties of America, Inc. will visit the New York Stock Exchange (NYSE) to mark the company’s first year as a publicly-traded company. The company celebrated its initial public offering at the NYSE on April 5, 2012.
In honor of the occasion, President and Chief Executive Officer Steven P. Grimes, joined by employees, will ring the NYSE Opening Bell.
About Retail Properties of America, Inc. (NYSE: RPAI)
Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that owns and...