Ahead of the Bell: Dow futures are trading up 36 points and S&P futures are trading up 4 points. Stocks in the U.S. are poised for a small rebound this morning, despite uncertainty in Italy as the elections resulted in a stalemate. Investors are looking ahead to house-sales data and earnings from companies including Macy’s. Economists forecast that new house sales increased to a 380,000 annual pace in January, from 369,000 in December. Market participants will also turn their attention to Federal Reserve Chairman Ben Bernanke, as the central bank chief testifies before congress at 10:00 a.m., speaking on current economic conditions including new home sales.
On the economic calendar today, the S&P/Case-Shiller 20-city home price index will be released before the market opens and a 0.8% increase is expected. New home sales for January will be out after the market opens and 381K is...
The CEO of Wereldhave, Dirk Anbeek, sounds the gong to open the trading day at NYSE Euronext Amsterdam.
The property development company Wereldhave published a strategy update on 11 February of this year. Following completion of the sale of real estate portfolios in the US and UK during the first quarter of 2013, the focus will now be entirely on conveniently located shopping centres in the Netherlands, Belgium and Finland, and on sustainable office buildings in Paris. With a loan-to-value rate of less than 20%, Wereldhave is currently the best-capitalised property investor on the European stock exchanges. Wereldhave NV is listed on NYSE Euronext (ticker symbol: WHA).
Stocks closed lower after a sharp sell-off toward the last fifteen minutes of trading. Investors digested earnings and closely watching the outcome of the Italian election as the decision could influence whether Europe can curtail its financial crisis. Shares in both Asia and Europe jumped amid reports that Japan's government is likely to nominate Haruhiko Kuroda, an advocate of aggressive monetary easing, as the next Bank of Japan chief.
On the economic front, the nation's economic growth was below trend in January based on the Chicago Fed's national activity index which came in at -0.32 in December. Consumption & housing was January's largest negative factor followed by production.
Texas factory activity expanded in February but generally at a slower rate. However, it was one of the more upbeat regional reports on manufacturing. The index fell from 12.9 to 6.2.
CEOs and guests of CECP will visit the New York Stock Exchange on Mon., Feb. 25 and ring The Closing Bell to celebrate International Corporate Philanthropy Day (ICPD), an international advocacy day, now in its 10th year, which mobilizes the business community to share best practices, develop partnerships, and engage with employees and other stakeholders for more strategic and effective societal corporate engagement.
The following NYSE-listed companies, among many others, will participate in the celebration:
Salesforce.com (NYSE: CRM), Xerox (NYSE: XRX), Mosaic (NYSE: MOS), and IBM (NYSE: IBM).
To mark ICPD, CECP will ring The Opening Bell with CEOs including:
On Monday, February 25, executives and guests of Alon USA Partners, LP will visit the New York Stock Exchange trading floor and ring The Opening Bell.
The common stock of Alon USA Partners, LP began trading on the NYSE on November 20, 2012 under the ticker symbol “ALDW”.
To mark the occasion, Alon USA Partners President and Chief Executive Officer Mr. Paul Eisman will ring the NYSE Opening Bell.
About Alon USA Partners, LP (NYSE: ALDW)
Alon USA Partners, LP is a Delaware limited partnership formed in August 2012 by Alon USA Energy, Inc. (NYSE: ALJ). Alon Partners owns and operates a crude oil refinery in Big Spring, Texas with total throughput capacity of approximately 70,000 barrels per day. Alon Partners refines crude oil into finished products, which is marketed primarily in West Texas, Central Texas, Oklahoma, New...