Morning S&P 500 Market Report
Mon 30 Apr 2012 07:54:03 CT
Related Keywords: Equity Index
Related Keywords: Equity Index
The June S&P 500 traded fractionally lower during the initial morning hours after nearly a 50 point gain from last week's low to Friday's high. However, lingering sovereign debt concerns in Europe are thought to be a source of weakness for the index this morning. The earnings flow in the S&P 500 slows down today, with only 12 components reporting.
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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