Market news
08.09.2011, 13:29

Before the bell:

U.S. stocks were headed for a slightly lower open Thursday, following separate reports showing the U.S. trade gap narrowed in July and jobless claims rose more than expected in the latest week.
Investors remain on edge ahead of President Obama's highly anticipated jobs speech Thursday evening.
Europe is a continued point of concern for investors who are also focusing on the U.S. economy and jobs. Just last week, the government released a dismal jobs report that showed zero growth, bolstering concern for the overall economy.
Stocks are coming off of sharp gains Wednesday, following a three-day rout.
Economy: Filings for first-time unemployment benefits rose 2,000 to 414,000 in the week ending Sept. 2, the Labor Department reported Thursday. That was up from the 409,000 claims filed the week before, and worse than the 400,000 claims economists surveyed by Briefing.com had expected.
The U.S. trade gap narrowed to $44.8 billion in July, led by a surge in exports. Trade balance figures were expected to show the deficit widened to $51.5 billion in July from $53.1 billion in June.
Once the stock market opens, investors will be monitoring a speech from Federal Reserve Chairman Ben Bernanke at 17:30 GMT. Fed watchers are looking for any hints that the central bank is considering further stimulus measures, beyond its latest pledge to keep interest rates low until mid 2013.
After the market closes, President Obama will wrap up the busy day with a speech on job creation at 23:00 GMT.  He is expected to propose roughly $300 billion in stimulus measures to get job creation back on track.
On the European front, the Bank of England voted to leave interest rates. unchanged at 0.5%.
The European Central Bank also opted to keep its key interest rate unchanged at 1.5%.The ECB last raised its rates in July to combat rising inflation, but economists had expected the central bank to put its rate hikes on hold, due to weak economic growth in the region.
Investors will be monitoring ECB president Jean-Claude Trichet's latest assessment on Europe's economy.
Companies: AOL (AOL) will be in the spotlight as the AOL-TechCrunch fiasco continues. Inside sources say TechCrunch's founder Michael Arrington will be fired, after news broke of his new venture -- CrunchFund.
World markets:

Oil for October delivery slipped 5 cents to $89.29 a barrel.
Gold futures for December delivery rose $15.90 to $1,833.50 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 2.04% from 2.02% late Wednesday.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location