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 down 7 points and S&P futures are trading down 2 points after China reported January inflation data rose unexpectedly, which could force the government to alter course on its monetary policy. Analysts were anticipating a cut in the bank reserve requirement ratio, but the recent inflation data could have eliminated the expectation. Reports suggest Greece is close to a deal, the only sticking point remaining is pension reform, as leaders head to a meeting with the ECB in Brussels.
DJIA up 5.75 pts/0.04%/12,883.95
S&P up 2.91 pts/+0.22/1,349.96
Nasdaq up 11.78 pts/+0.41/2,915.86
Dow Futures down 7.00 pts/-0.05%
S&P Futures down 2.40 pts/-0.20%
Nasdaq Fut down 5.58 pts/-0.21%
CAC 40 +0.37%
NIKKEI 225 +1.10%
HANG SENG +1.54%
Overseas: World stock markets were mixed today. European markets are up on optimism Greece will reach a deal with the ECB and IMF to secure its next bailout package. Asian markets are down following lower inflation data from China.
Economic Reports: Initial Jobless Claims expected to be 370K at 8:30 a.m. and Wholesale Trade expected to be 0.4% at 10:00 a.m.
Gold:up $1.95 to $1,731.85
Oil: up $0.68 to $99.39
EUR/USD 1.3247 +0.0001
USD/JPY 77.1950 +0.1200
GBP/USD 1.5864 +0.0049
Volatility Index (VIX): As of the close of business Wednesday, February 8, the VIX is up 0.55 at 18.20
Companies Reporting Quarterly Earnings:
Lorillard (LO): Q4 EPS of $2.20 beats by $0.25. Revenue of $1.62B (+10.3% Y/Y) beats by $540M.
Thomson Reuters (TRI): Q4 EPS of $0.54 may not be comparable to consensus of $0.58. Revenue of $3.35B (+3.4% Y/Y) in-line.
Noble Energy (NBL): Q4 EPS of $1.18 beats by $0.02. Revenue of $985M (+25.7% Y/Y) beats by $20M.
Aeroflex Holding (ARX): FQ2 EPS of $0.15 beats by $0.03. Revenue of $171.1M (-5.8% Y/Y) beats by $6M.
Sirius XM Radio (SIRI): Q4 EPS of $0.01 in-line. Revenue of $783.7M (+6.5% Y/Y) in-line.
Teradata (TDC): Q4 EPS of $0.66 beats by $0.04. Revenue of $673M (+22.8% Y/Y) beats by $35M.
Mack-Cali Realty (CLI): Q4 FFO of $0.68 beats by $0.01. Revenue of $179.7M (-6.5% Y/Y) beats by $4M.
BCE (BCE): Q4 EPS of $0.62 misses by $0.06. Revenue of $5.16B (+10.4% Y/Y) in-line.
Corn Products International (CPO): Q4 EPS of $1.11 in-line. Revenue of $1.63B (+9% Y/Y) in-line.
Group 1 Automotive (GPI): Q4 EPS of $0.94 beats by $0.06. Revenue of $1.63B (+13.1% Y/Y) beats by $50M.
Today’s Opening and Closing Bells:
FX Alliance Inc. will ring the opening bell.
Air Products Visits NYSE to Celebrate 50th-Year of Listing on the New York Stock Exchange Chairman and CEO John McGlade will ring the closing bell.