Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



16.12.2010 14:24

Before the bell: U.S. stocks were poised to open little changed Thursday morning, ahead of reports on labor and housing.


Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were down slightly ahead of the opening bell. Futures measure current index values against perceived future performance.

On Wednesday, stocks declined as investors weighed worries about a possible Spain downgrade with relatively upbeat U.S. inflation data.

The Senate approved the controversial $858-billion tax package Wednesday, despite a series of objections from both parties. The measure, which passed 81-19, now advances to the House.

Most investors expect the compromise to pass largely intact. Markets will likely get a bit of a boost as the deal is formalized but "unless there is a wholesale shift and it goes into this huge battle," markets won't move too much, said Dan Cook, CEO of IG Markets.

Stocks have managed to eke out gains over the past few sessions, and are up 5% for the month.

Economy: The government's weekly report on initial claims for jobless benefits is expected to show a modest uptick to 425,000, from 421,000 in the prior week.

On the housing front, government figures are expected to show that initial construction of single family homes and requests for building permits both rose in November.

Housing starts are forecast to have risen to an annual rate of 545,000, from 519,000; while permits are forecast to climb to 560,000, from 550,000 in October.

Positive economic data will likely push stocks slightly higher, according to Cook, but at this time of year trading volume is thin with so many investors packing up and heading out for the holidays. "You see big exaggerated moves and that is something traders want to watch out for."

Companies: Federal Express reported third-quarter earnings and sales that missed forecsasts. FedEx (FDX, Fortune 500) earned $1.16 a share, missing estimates by 15 cents. Revenue rose 12% to $9.63 billion but that also missed analysts forecasts, which had called for $9.7 billion.

The shipping company, which had its busiest shipping day Monday, reigned in its forecast for the current quarter but raised its outlook for fiscal 2011. Shares of FedEx slid 4% in premarket trading.

BlackBerry maker Research In Motion (RIMM) and Oracle (ORCL, Fortune 500) are on deck after the market closes.

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
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
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

  • © 2011-2017 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
Online
consultant
Request a callback
Top Page