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US open: Economic data comes in lower than forecast
Tue, 22 May, 2012
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US open: Economic data comes in lower than forecast
Tue, 31 Jan 2012, 15:16:00
US equities are now being called to rise slightly following the announcement of the European Union's 'fiscal compact' last night, and despite some mixed company earnings reports this morning. Amongst the latter quarterly earnings reports are included those from heavyweights such as
Exxon Mobil
or
Pfizer
, no less. Some of the other mixed company results out today include those from,
UPS
,
US Steel
,
Tyco Intl.
,
Mattel
and
Illinois Tool Works
.
Eli Lilly's
quarterly results have come in ahead of forecasts. Shares of electronic retailer
Radio Shack
are plummeting after the suspended a share buy-back program and reported lower than expected quarterly earnings. MACROECONOMY The Chicago NAPM manufacturing sector purchasing managers' index for the month of January has come in at 60.2, versus 62.5 the month before (Consensus: 63.3). The S&P Case Shiller home price index for the month of January fell by 3.7% on the year (Consensus: -3.2%). The Conference Board's consumer confidnece index for the month of January has come in at 61.1, versus the 64.5 seen the month before (Consensus: 68.0). The employment cost index rose by 0.4% on the quarter in the last three months of 2011, as expected. OTHER MARKETS March front month crude futures are rising 1.5% to the $112.53/barrel mark on the ICE. 10 year US Treasuries are now falling by 2/32 dollars, with yields at 1.85%. AB
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