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Wall Street remains poised for a rebound on Tuesday, as indicated by the U.S. index futures, which point to a higher open. The negative sentiment emanating from the ongoing political tussle in Greece and the debt concerns plaguing some of the peripheral eurozone nations is likely to be offset to some extent by fairly positive [...]
Continue Reading →An uneasy mood prevails on Wall Street on Friday, as unconvinced traders look ahead to the first read of first quarter GDP and a consumer sentiment reading. A few blue chip earnings scheduled for the day may also give direction to the markets. Meanwhile, a Standard & Poor’s 2-notch downgrade of Spain’s credit rating on [...]
Continue Reading →Asian markets are mostly trading notably higher on Friday with investors indulging in some hectic buying, tracking a positive lead from Wall Street, where stocks posted strong gains overnight on encouraging trade data. Hopes of continuation of U.S. earnings momentum too contributed to the positive start. Some of the markets in the region are trading [...]
Continue Reading →Buoyed by a strong close on Wall Street overnight and on reports about the failure of North Korea’s rocket launch, the Japanese market opened on a rousing note on Friday. A slew of Chinese data, including GDP, due to be released a short while from now may have some impact on trading. The Chinese first [...]
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