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31.05.2011 13:36

Before the bell: Stocks poised for strong gains


U.S. stocks are poised to start the week in the black Tuesday, after a Wall Street Journal article stirred up hopes of a fresh bailout for Greece.
World markets rallied after the Journal reported Germany is shifting its stance to consider lending more money to Greece.
Economy: According to the closely watched S&P Case-Shiller Index, home prices recently fell to their lowest levels since the housing bubble burst. Prices tumbled 4.2% in the first quarter, sending home prices back to levels not seen since mid-2002.
Investors will also received data from the Chicago Purchasing Managers index at 13:45 GMT, followed by the Conference Board's consumer sentiment data at 14:00 GMT.
Economists expect the Chicago PMI index fell to a reading of 62.5 from April's 67.6, while consumer confidence rose to 66.3 versus April's 65.4.
World markets:

31.05.2011 13:24

Orders desk:

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
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