Subscribe

feed image

Data


Module by: CoreTemplate and StockTrader
Module by: CoreTemplate and StockTrader

Business FX Blog

Adam Solomon is a specialist in business foreign exchange issues at foreign exchange brokers TORfx.

The idea of this column is to assist businesses in saving money on making or receiving payments in foreign currency. It is developed with all companies in mind from public companies with large and complex operations, to smaller companies and individuals.

>> Take a Visit

INSIGHT

Nigerian oil: New Bill threatens industry
Nigerian Oil: Experts say it would be hard to reverse proposed changes.Read more...
Tiger Woods and why companies take out 'disgrace' insurance
Insurance market, Lloyds of London, look at the Tiger Woods saga and the impact it has had on his...Read more...
Yemen gas: disturbing questions asked
The prospect of increasing Yemeni terrorism must be recognised.Read more...
Falklands: Dispute helps both British and Argentine leaders
But the crisis may well play into the political posturing of equally embattled United Kingdom Prime...Read more...
Kurdish oil: Getting left behind
Kurds push for oil law with Baghdad amid south’s sudden bright future.Read more...

Company News

Candlestick graphs and candlestick patterns

Trading basics: Understand candlestick graphs: A look at the 'Scoop' and links to GFT candlestick guides.


+ Full Story
Other Company News
Home Markets Market 2008 Dow Jones Industrial, S&P 500 futures up

£200 Trading Bonus

Dow Jones Industrial, S&P 500 futures up PDF Print E-mail
Written by Will Peters   
Wednesday, 25 November 2009 12:14
Dow Jones Industrial Index set to open higher as global equities rally on back of weaker US Dollar.


The Dow Jones Industrial Average (INDEXDJX:.DJI) futures are currently up 0.38% at 12:10 GMT.

S&P 500 (INDEXSP:.INX) futures are 0.46% and the Nasdaq Composite futures are up 0.45%.

Global equity strength is currently providing much of the upward impetus. Commodity prices have been providing much of the boost today after posting a rebound as the US dollar withdraws from yesterday's brief rally.

Yesterday the Dow Jones Industrial Average closed down 0.16% at 10,433.71 points.
 
US shares recovered some of their earlier losses but were still down at the close after disappointing news about US GDP growth.

Revised growth figures showed the US economy grew 2.8% in the third quarter, and not 3.5% as was previously indicated. This led to speculation that growth is slow enough not to warrant interest rate rises which sent US bonds higher.

The S&P/Case-Shiller house price index for 20 cities rose by 0.27% in September on a seasonally adjusted basis, after advancing 1.13% in August.

Shares in JPMorgan Chase and Bank of America fell after rating agency Standard & Poor's said that nearly all of the world's big banks are weakly capitalised. There are also worries that Chinese banks may need to raise cash and their share issues could mop up billions of dollars from the market.

Utah-based lender Zions Bancorporation is the worst performer on the S&P 500 after Citigroup advised investors to sell.

Shares in computer supplier Hewlett-Packard fell despite positive quarterly figures. Management says that the economy remains challenging.

The top performers among first-liners included chip-maker Analog Devices, after it said underlying earnings per share in its first quarter are expected to be no lower than 36c, versus market expectations of 28c.

Also going well was medical technology firm Medtronic after it announced a 59% increase in quarterly profit on the back of strong sales of a new heart stent and diabetes monitoring equipment.
Last Updated ( Wednesday, 25 November 2009 12:16 )