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March 30, 2015
NYSE MAC Desk
Apr 8 2013 | 9:58 AM

From the Trading Floor: Stocks are trading in negative territory this morning ahead of Alcoa’s earnings after the bell as investors look for signals to how the earnings season will unfold



  • There are no major economic reports today.

  • Lufkin Industries soared after the oil-and-gas company agreed to be acquired by Dow component General Electric for about $3.3 billion in cash

  • 1st Qtr. earnings kicks off this week. The earnings outlook for the current quarter is fairly weak, with growth expected to increase by 1.6 percent, compared to 6.2 percent last quarter.

  • Total German industrial output in February rose 0.5% on the month, topping expectations of a 0.4% gain, to suggest the euro zone's largest economy may be slowing bouncing back from a weak patch

  • Congress is back in session

  • Support today looks to be at 1547/1550. Resistance looks like 1558/1561
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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
ETP Focus
Apr 8 2013 | 9:37 AM

The Plan to Address Extraordinary Market Volatility, also known as Limit Up/Limit Down (LULD), will begin its pilot period in 2013.  LULD requirements are designed to prevent trades in individual securities from occurring outside of the specified Price Bands, across all US markets, while allowing the product to continue to trade.  It is replacing the current system of single-stock circuit breakers that was established in 2010 https://etp.nyx.com/en/trading-information/us/arca-trading-pauses.  Phase I of the one-year LULD  pilot will begin on April 8th, 2013 (start date is pending SEC approval).

 

Here is a brief summary of how LULD will work...

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Posted by: Jonathan Jacobs
Ahead of the Bell
Apr 8 2013 | 8:06 AM

Ahead of the Bell: Dow futures are trading up 33 points and S&P futures are trading up 4 points following a stronger than expected monetary policy announced by The Bank of Japan late last week, which continues to weaken the yen against the US dollar and is out weighing worries over a bout of avian flu in mainland China. The World Health Organization said a strain of the bird flu virus has been found in eastern China, but it is not a cause for panic.  A constitutional court in Portugal has rejected some of the austerity measures introduced as a condition of the country's bailout. 



  • On the economic calendar today, no reports are due.  The dollar is up against the major currencies.  Gold is trading at $1,578. Crude oil is currently trading at $93 a barrel. 

  • Last week, stocks retreated which temporary halted the running of the bulls, following disappointing economic data from...
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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
Ahead of the Bell
Apr 8 2013 | 6:40 AM

The schedule of economic releases for the week of April 8th is as follows:

  • Monday:  None
  • Tuesday:  NFIB Small Business Optimism Index, ICSC-Goldman Store Sales, and Wholesale Trade
  • Wednesday:  MBA Purchase Applications, FOMC Minutes, Treasury Budget
  • Thursday:  Chain Store Sales, Jobless Claims, Import and Export Prices, and Fed Balance Sheet
  • Friday:  Producer Price Index, Consumer Sentiment, and Business Inventories

I spoke with Peter Costa, Trader and President of Empire Executions, and CNBC Market Commentator, about the overall market, FOMC Minutes, weekly jobless claims, and his expectations for the market from the trading floor.

Costa expects the equity markets to flat line for the next three to four months and bounce around on various headlines from the euro zone and geopolitical events around the globe, including North Korea. Although companies have been beating expectations over...

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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
Amsterdam Gong
Apr 8 2013 | 3:22 AM

 

Dutch Shareholders Association VEBand Investment Study Club Gulden Wijzer visit Beursplein 5 to attend the gong ceremony.

Four times this year, the VEB will invite members to visit NYSE Euronext Amsterdam for an educational visit. The kickoff is by Gulden Wijzer that was founded on March 9, 1988 in Pijnacker and celebrates their jubilee this year.  Chairman of Gulden Wijzer, Jan Wennekes, sounds the gong to celebrate the anniversary and to open trading.

For more information: www.veb.net

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