Wall Street awaited a new lease
Contracts on U.S. stock indices suggest opening up Wall Street after three sessions of consecutive decline markets suffered the effect of uncertainty on profits in the banking sector related to Barack Obama's desire to limit risk taking . On Monday, the future of Dow Jones rose 0.63% to 10,214 points, future increases in the Standard & Poor's and Nasdaq are more timid: 0.08% for each.
The markets are relieved by the prospect of an upcoming confirmation by the U.S. Senate, the appointment of Ben Bernanke for a second term as president of the Federal Reserve.
On the macroeconomic front, if the meeting Monday is looking pretty quiet with only a statistical program, home sales in December – are expected to decline by 10% after rising 7.4% in November — week, it will be more responsible.In addition to meeting the Monetary Policy Council of the Fed, which must render its decision on rates Wednesday, investors will pay attention to economic data front, starting with the first estimate of U.S. GDP for the fourth quarter 2009, expected on Friday. A follow clues consumer confidence (Conference Board that Tuesday and the University of Michigan Friday) and sales of new homes in December, Wednesday.
As for currencies, the dollar lost ground against the euro, thus yielding 0.4% to 1.419 dollar against the euro, but gained 0.4% against the yen to 90.2 yen Business Card Holders
This entry was posted on Tuesday, January 26th, 2010 at 2:49 am and is filed under economic, economics, events, finance, money. Follow the comments through the RSS 2.0 feed. Both comments and trackback are closed.