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 up 62 points and S&P futures are trading up 8 points. Bargain hunters have returned as investors’ appetite for riskier assets improve despite the back drop of Spain's finances. Spanish borrowing costs have almost doubled, but the debt laden nation managed to sell more government bonds at a better than expected auction. Banking stocks will once again be in focus after Goldman Sachs reported better than forecasted quarter results.
DJIA up 71.82 pts/+0.56%/12,921.41
S&P down 0.69 pts/-0.05/1,369.57
Nasdaq down 22.93 pts/-0.76/2,988.40
Dow Futures up 62.00 pts/+0.48%
S&P Futures up 8.40 pts/+0.61%
Nasdaq Fut up 11.22 pts/+0.41%
CAC 40 +1.54%
NIKKEI 225 -0.06%
HANG SENG -0.23%
Overseas: World stock markets were up today. European markets are up on investors optimism on Spain’s better than expected bond auction. Asian market are down on concerns of slowing growth in the region.
Economic Reports: Housing Starts expected to be 0.700 at 8:30 a.m. and Industrial Production expected to be 0.3% at 9:15 a.m.
Gold:up $4.82 to $1,657.85
Oil: up $0.85 to $103.77
EUR/USD 1.3133 +0.0001
USD/JPY 80.6250 +0.1990
GBP/USD 1.5953 +0.0056
Volatility Index (VIX): As of the close of business Tuesday, April 16, the VIX was flat at 19.55
Companies Reporting Quarterly Earnings:
Goldman Sachs reports Q1 EPS $3.92, vs. Est $3.55. The company also boosts quarterly dividend to 46C/shr from 35C
State Street reports Q1 EPS 85c, consensus 87c Reports Q1 revenue $2.42, consensus $2.33B.
Today’s Opening and Closing Bells:
Endeavour Silver Corp. moving from NYSE Amex to NYSE celebrate the company’s listing anniversary on the NYSE. Bradford Cooke, Chairman & CEO, accompanied by company executives will ring the opening bell.
CR Magazine’s 13th Annual 100 Best Corporate Citizens will ring the closing bell.
Market Watch and Corporation Actions
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