Top After-Market NYSE Movers (Alliance One, AU Optronics, Dole Food, Tenet Health, KKR Financial, HNI Corp, Advanced Micro, Steelcase, K12)The top after-market NYSE gainers Monday were Alliance One International, AU Optronics Corp, Dole Food Co, Tenet Healthcare Corp and KKR Financial Holdings LLC. The top after-market NYSE losers were HNI Corp, Advanced Micro Devices, Steelcase Inc, ExactTarget and K12 Inc.
- The Euro slipped to 1.3082 as a report by the Bank of Spain showed households and businesses withdrew EUR 26B in deposits during July, and the ongoing turmoil in the banking system may continue to drag on the exchange rate it raises the threat for a bailout.
- In the aftermath of all of the market euphoria after QE 3D It seems that already governments are using the stimulus as an excuse to not face the tough questions that really face them. While it was not likely ahead of a major Presidential in the United States it was not likely that congress would have all of a sudden found fiscal religion it seems that in China and Europe they are using QE 3D as an excuse to not make the hard choices that deep down everyone knows that eventually we will have to ...
- The U.S. stock index futures point to a lower open Monday after the rally seen last week following the announcement of the Federal Reserve's plan to buy mortgage securities.
- The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. However, many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.
- The Euro rallied to a fresh monthly high of 1.3120 as finance ministers across the monetary union talked down speculation for a Spanish bailout, while European Central Bank President Mario Draghi saw a case 'to be optimistic' as the new bond-purchasing program offers a 'fully effective backstop mechanism that is meant to remove the tail risk for the euro area.'
Pre-Market Movers (Agnico-Eagle, ICICI Bank, Alcatel, Nokia, ArcelorMittal, Facebook, United States Steel, Werner, Western Digital)Agnico-Eagle Mines, ICICI Bank, Alcatel Lucent SA, Nokia Corp, ArcelorMittal, Facebook Inc, United States Steel Corp, Werner Enterprises and Western Digital Corp. are among the companies whose shares are moving in pre-market trading Friday.
- The greenback is struggling to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDOLLAR) paring the overnight advance to 9,840, and the reserve currency may weaken further during the North American trade as the FOMC is widely expected to ease monetary policy further in September.
- The four-week average of initial U.S. jobless claims rose last week to its highest level in nearly two months, yet another indication of the nation's anemic job creation ability.
- The U.S. stock index futures point to a lower open Thursday as investors maintained a cautious mode ahead of the Federal Reserve meeting in which there is the likelihood of another round of quantitative easing measures to be announced to invigorate the economy.
- One of the best-performing sectors this year was also one of the hardest hit by the recession: homebuilders, whose stocks have outpaced the broader market with a modest rebound in home prices and increased demand for properties, but much of recovery has unevenly benefited the luxury sector.
- Far-right Dutch politician and leader of the ultra-conservative Freedom Party (PVV) Geert Wilders formerly established his party in parliament on a platform of Islamophobic anti-immigration, and now seeks to turn nationalist sentiment against the eurozone amid frustrations with debt-laden countries like Greece, Italy and Spain. Poll indicate his party will lose seats this election, but it has defied expectations in the past.
- Crude oil output from the Organization of Petroleum Exporting Countries (OPEC) climbed by 90,000 barrels per day (b/d) in August to 31.54 million b/d as increases from Angola, Iraq, Nigeria and the United Arab Emirates (UAE) outstripped decreases from Algeria and Iran, a Platts survey of OPEC and oil industry officials and analysts showed Tuesday. This follows July production of 31.45 million b/d and leaves OPEC overproducing its 30 million b/d ceiling by 1.54 million b/d.
- The U.S. stock index futures point to a higher open Wednesday as investor confidence was underpinned by expectation that the Federal Reserve will announce stimulus measures this week to invigorate the economy and boost growth.
- The Euro slipped to 1.2768 as Greece's Pasok party warned that the Troika - the European Union, European Central Bank, and the International Monetary fund - rejected more than EUR 2.0B of the proposed EUR 11.5B austerity program, while Italian Prime Minister Mario Monti argued against the conditionality proposed by the ECB's new bond-purchasing program as the budget-cutting measures continue to dampen growth. At the same time, a German official filed a complaint against the ECB's non-st...
- The U.S. stock index futures point to a lower open Monday as investors' concerns about the faltering global economy was revived following the disappointing economic indicators from China.
- The U.S. stock index futures point to a higher open Friday ahead of the Bureau of Labor Statistics' nonfarm payrolls and unemployment reports.
- Agriculture, Energy futures also gained in August. Gold, Silver and other precious metals led gains in Dow Jones-UBS commodity indexes during August, while agriculture and energy markets also climbed. The Dow Jones-UBS Precious Metals Subindex rose 6.2% last month, compared with the end of July, helped by a 5.5% increase in Gold futures and a 17% increase in Silver, according to recent reports. Agriculture and Energy subindexes rose 0.5% and 1.4%, respectively, while Livestock declined 1.8%. The...