Morning DOW Index Market Report
Mon 30 Apr 2012 07:54:01 CT
Related Keywords: Equity Index
Related Keywords: Equity Index
The June E-mini Dow has seen modest losses this morning after Friday's rally to the highest prices level since April 3rd. The tone of recent quarterly earnings has been generally positive for the Dow Jones Index during the past few weeks, with many traders feeling that that they have been the primary source of support. There is some concern with growth levels outside of the US, which has been noted on forward outlooks from Caterpillar, 3M and Proctor&Gamble.
Global equity markets are under pressure this morning as they react to weak economic data from Spain, a slightly slower growth rate in the US and a better than expected US first-quarter earnings season. Shares in Hong Kong finished in positive territory, helped in part by better then expected corporate earnings from a number of large Chinese banks. Meanwhile, the European debt situation remains a source of concern throughout the global marketplace. US equity markets experienced slower than expected growth in the first quarter, but the major indices found support from better than expected corporate results. The focus of the US equity market turns to the economic calendar this week, highlighted by the April Non-Farm Payroll report on Friday morning.
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Global equity markets are under pressure this morning as they react to weak economic data from Spain, a slightly slower growth rate in the US and a better than expected US first-quarter earnings season. Shares in Hong Kong finished in positive territory, helped in part by better then expected corporate earnings from a number of large Chinese banks. Meanwhile, the European debt situation remains a source of concern throughout the global marketplace. US equity markets experienced slower than expected growth in the first quarter, but the major indices found support from better than expected corporate results. The focus of the US equity market turns to the economic calendar this week, highlighted by the April Non-Farm Payroll report on Friday morning.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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