Ahead of the Bell: Dow futures are trading up 87 points and S&P futures are trading up 10 points. Stocks are looking to rebound today following the worst one-day loss of the year. Commodities, including gold and crude oil recouped some of their losses, but remain volatile, as investors seek safe haven for their assets on concerns of slowing growth in the US and China. First quarter earnings continue, and banks will be in focus, as Goldman Sachs reported better than expected quarterly results on strong business across all franchises.
On the economic calendar today, consumer price index for March will be out before the market opens and it is forecasted to be flat, compared with a reading of 0.7% for the month prior. Housing starts for March will also be out before the opening bell, 0.930 M is expected versus 0.917 M for February.
The dollar is down against the major currencies...
Vertegenwoordigers van de West Michigan Global Initiative 2013 Handelsmissie bezoeken NYSE Euronext Amsterdam en luiden de gong.
Dit is de eerste officiële, door de staat Michigan gesponsorde handelsmissie, naar Nederland. De handelsmissie naar Nederland is een initiatief van de West Michigan Global Initiative (WMGI), met de hulp van de Michigan Economic Development Corporation en The Right Place, en heeft als doel het verder uitbreiden van bestaande commerciële relaties tussen West Michigan en Nederland.
De Lt Gouverneur geeft leiding aan het bezoek en zal een ontmoetingen aangaan met overheidsfunctionarissen en Nederlandse bedrijven die ook gesitueerd zijn in Michigan. De historische banden tussen Michigan en Nederland zijn al vele decennia gevestigd en ondersteund door culturele, commerciële, en gouvernementele activiteiten....
Stocks posted their worst day today in almost 5 months, as big declines in the price of gold, oil and other commodities fed a broad selloff in equities. Consumer sentiment took a big hit after China reported that its economy grew at a slower pace than anticipated. China’s GDP rose 7.7 in the first quarter from a year earlier, the National Bureau of Statistics said in Beijing today.
Analysts said the stock market had been vulnerable to a pullback, given the sharp gains since the start of the year as well as the Dow's and the S&P 500's recent record highs.
On the economic front, data today showed manufacturing in the New York region expanded less than projected in April as orders cooled and sales stagnated. The Federal Reserve Bank of New York’s general economic index dropped to 3.1 this month from 9.2 in March.
On Monday, April 15, NYSE Euronext hosted a forum on “Financial Capability: Empowering Girls and Women” at the New York Stock Exchange in recognition of Financial Capability Week.
The Forum featured an interview with Maria Bartiromo, Anchor of CNBC's “Closing Bell” Anchor/Managing Editor of the nationally syndicated “On the Money with Maria Bartiromo” and Nobel Prize recipient and founder of Grameen Bank, Muhammad Yunus. Joining Bartiromo and Yunus on the panel will be Anna Maria Chavez, CEO of Girl Scouts of USA, launching the Girl Scouts' new study on girls' financial capability; Annamaria Lusardi, Denit Trust Distinguished Scholar in Economics and Accountancy and Head of The Global Center for Financial Literacy at George Washington University and Kara Helander, Managing Director of BlackRock, who leads the firm's global efforts in diversity and inclusion and philanthropy.
The event was designed to bring together women and girls' empowerment organizations with...
The President of a SME regional association NERLEI, Jorge Santos, rang the closing bell to commemorate the signature of a protocol of cooperation and partnership aiming to draw new companies to the Exchange, namely to the Alternext. This protocol will enable NYSE Euronext Lisbon to identify the NERLEI members interested in the capital markets, while the Association will present the Exchange as an alternative financing source. Joining the Alternext market may be a simplified way for the Portuguese SMEs to enter the capital markets in order to obtain financing, diversify their shareholder structure or issue debt securities. Set up in May 2005, Alternext combines admission requirements that meet the needs of SMEs, and provides the investor with high standards of transparency and protection.