Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

04.02.2011 14:02

Before the bell: U.S. stocks were headed for a flat open, as investors brace for the government's closely watched monthly jobs report, due before the opening bell.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were little changed ahead of the market open. Futures measure current index values against perceived future performance.

Stocks ended higher Thursday, as investors digested comments about the economy from Federal Reserve chairman Ben Bernanke -- who said a weak job market continues to weigh on the recovery.

While investors will be eyeing Friday's employment report closely for signs of improvement in the labor market, they remain confident in the overall economic recovery, said David Jones, chief market strategist at IG Markets.

"Earnings have been pretty good, the U.S. GDP was overshadowed by Egypt but that was good too, and overall the economic recovery in the U.S. still seems to be fairly stable and steady, so I expect to see more strength," said Jones. "Even when we see weakness like at the end of last week and early this week, we still see people happy to step in and buy."

According to economists surveyed by CNNMoney, employers are expected to have added 149,000 jobs in January, after adding 103,000 jobs in December.

Despite the gains, the unemployment rate is expected to tick back up to 9.5%, as some of the unemployed return to the labor force to search for jobs. The unemployment rate dropped to 9.4% in December.

Jones said that given the disappointing jobs reports from the last couple of months, investors are looking for any indication of a brightening employment picture -- so stocks are likely to gain if the numbers are in line with expectations.

Companies: Shares of JPMorgan Chase (JPM, Fortune 500) slipped 1.2% after allegations late Thursday that the investment bank was warned about Bernard Madoff's Ponzi scheme years prior to its collapse, but did nothing to stop it.

Shares of JDS Uniphase Corp. (JDSU) surged 18% in pre-market trading, after the communications equipment maker logged quarterly earnings after the market close Thursday that widely beat expectations.

Early Friday, Aetna (AET, Fortune 500) also reported stronger-than-expected fourth-quarter earnings and boosted its dividend, sending shares of the company 8% higher.

After the market close Thursday, Las Vegas Sands (LVS, Fortune 500) posted disappointing earnings, sending shares of the casino company 6% lower in pre-market trading Friday. Other casino stocks, including Wynn Resorts (WYNN) and MGM Resorts International (MGM, Fortune 500), shared the pain. Shares of Wynn tumbled 8%, while MGM shares slumped more than 2%.

Market Focus

  • Euro Area trade balance surplus declined significantly in August
  • Consumer prices in China were up 1.6 percent on year in September,
  • US consumer sentiment surged in early October, reaching its highest level since the start of 2004 says UoM
  • Earnings Season in U.S.: Major Reports of the Week
November 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 2011-2017 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.

Connect with Us
Share on
social networks
Request a callback
Top Page