Good Morning Traders,
US Market Report:
U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence.
"Corporate earnings have been strong and are a good sign of global growth," said Dave Rovelli, managing director of U.S. equity trading at Cancaccord Adams.
So far, a third of the S&P 500 companies have opened their books, and 75% of them have beat expectations, according to Thomson Reuters. Earning are up almost 19%, while sales have climbed nearly 3%. [Source: cnnmoney.com]
Market Reflections - Tuesday, 26th April, 2011
A convincing run of strong earnings led the Dow to a nearly one percent gain to 12,595. Capital-goods producers, supported by the global infrastructure expansion, are reporting strikingly strong results.
The economic news, in contrast, was no better than mixed embodied by a mixed consumer confidence report that shows an improving assessment of the current jobs market but a deepening pessimism over the future jobs market. [Source: bloomberg.com]
Market Focus in the US this evening
The Chairman's Press Conference makes its debut as a leading event. What would you ask the Chairman? [Source: bloomberg.com]
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The DJIA Index finished the last trading session: Up 115.49 points; and
The SPI Futures are currently: Up 21 points atm.
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Of note in the US this evening:- Durable Goods Orders [
Market moving indicator]
- FOMC Meeting Announcement (& Fed's Bernanke Speech) [
- EIA Petroleum Status Report [
Merits extra attention]
...AND...
Of note in Australia today:- Consumer Price Index (QoQ) (YoY) (Q1) [
[The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of AUD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or Bearish).]
...AND...
Of note Elsewhere today:- United Kingdom - Gross Domestic Product (QoQ) (Q1) [
- New Zealand - RBNZ Interest Rate Decision (Apr 27) [
[Sources used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]
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Gold is currently trading Up $2.00 & is sitting at US$1,507.50/oz atm [Source: Kitco]
Oil is currently trading Down $0.05 & is sitting at US$112.16/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ $1.0817c against the US Dollar [Source: Forex. Live]
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Have a great day trading today all.
Cheers, Tweets
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daytrades april 27 morning ...
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