Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



25.02.2011 14:19

Before the bell: Stocks set for higher open after 3-day rout

U.S. stocks were set for a higher open Friday, as oil prices slipped. However, futures backed off slightly from earlier highs after a disappointing report on the health of the U.S. economy.
On Thursday, stocks rebounded from afternoon lows and finished with small losses, as oil prices retreated from two-year highs above $100 a barrel.
"You might get a little bit of a relief rally, because oil prices are hovering around the $96 to $97 per barrel range," said Peter Cardillo, chief market economist for Avalon Partners. "We're looking at stable commodity prices."
All three major indexes are on track for their worst week since August. Despite the pullback, stocks are still higher for the month of February and the year.
The Dow has posted losses for three consecutive sessions, losing 285 points this week, or 2.5%.
"We've seen a pullback in oil prices and there seems to be a direct correlation in the last couple days between stock prices and oil prices," said Mark Luschini, chief investment strategist for Janney Montgomery Scott. The biggest catalyst for even higher oil prices would be "if turmoil in the Middle East pours into another more strategic country, like Saudi Arabia," he said.

Economy: According to revised data the real gross domestic product increased at an annual rate of 2.8% in the fourth quarter. The GDP revision was much less than 3.3% increase economists forecasted.
A final read on February's University of Michigan consumer sentiment survey also is on the docket. The index is expected to remain unchanged at 75.1.
Companies: Shares of Boeing (BA, Fortune 500) were 4% higher in premarket trading, after the aerospace company won a $35 billion contract from the Air Force late Thursday.
Bailed-out insurer AIG (AIG, Fortune 500) posted an $11 billion profit for the fourth quarter, and $10 billion in earnings for the full year. Shares were up slightly in premarkets.
JC Penney (JCP, Fortune 500) reported a 30% surge in quarterly earnings, to $1.09 per share. The retailer beat analysts' forecast, who were expecting the department store chain to earn $1.08 a share.
Currencies and commodities: The dollar gained strength against the euro and the British pound but slipped against the Japanese yen.
Oil for April delivery fell 74 cents, or less than 1%, to $96.54 a barrel.

25.02.2011 14:48

RBC on GDP report

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
December 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2016 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page