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 2 points and S&P futures are trading down 2 points. All eyes will be on Europe today, as the ECB is set to meet to provide updates on interest rates and the health of the euro zone economy going into 2013. The central back is expected to keep rates unchanged but investors will be looking for clues as to whether or not ECB Chief, Mario Draghi will further ease policy amid a weakening euro zone, as the European Commission sees modest, 0.1% growth next year. President Barack Obama reassured financial markets on Wednesday that a deal on the fiscal cliff could be made in "about a week" if Republicans compromise, but neither side has yet to make any concessions.
DJIA up 82.71 pts/+0.64%/13,034.49
S&P up 2.23 pts/+0.16%/1,409.28
Nasdaq down 22.99 pts/-0.77%/2,973.70
Dow Futures down 2.17 pts/-0.02%
S&P Futures down 2.10 pts/-0.15%
Nasdaq Fut down 2.75 pts/-0.10%
CAC 40 +0.09%
NIKKEI 225 +0.81%
HANG SENG -0.09%
Overseas: World stock markets are higher today. European markets are higher today as investors await the ECB meeting where interest rates are expected to be unchanged. Asian markets are higher today as a weaker yen helped boost exports.
Economic Reports: Jobless Claims (380K expected) at 8:30 a.m.
Gold:up $33.30 to $1,725.70
Oil:up 0.10 to $87.98
EUR/USD 1.3070 +0.0001
USD/JPY 82.385 -0.047
GBP/USD 1.6115 +0.0023
Volatility Index (VIX): As of the close of business Wednesday December 5, the VIX is down 0.66 at 16.46
Companies Reporting Quarterly Earnings:
Toronto Dominion Bank (TD) reportsQ3 EPS of $1.83, beating estimates by $0.01 and revenue of $5.89B
Smithfield Foods (SFD)reports Q2 EPS of $0.61, beating estimates by $0.18 and revenue of $3.23B
Lululemon Athletica (LULU) reportsQ3 EPS of $0.39, beating estimates by $0.02 and revenue of $316.5M
Today’s Opening and Closing Bells:
Choice Hotels International is visiting the NYSE to celebrate 3 ground breakings in 24 hours all in NY for their Cambria Suites brand. Steve Joyce, President and CEO, will ring the opening bell.
Darling International will visit the NYSE in celebration of their 5th Anniversary of Listing. Randall Craig Stuewe, Chairman and CEO, will ring the Closing Bell.
Corporate Actions & Market Watch
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