Search

Bernanke Testimony Amid Heavy Housing Data and Treasury Auctions

by devteam February 22nd, 2010 | Share

Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the Bank of Greece, recently said he had “full confidence” in dealing with the deficit, stocks are more mixed but on the whole still positive. 

In the the US, equities are looking to a positive open. The schedule includes plenty of fresh data later in the week, but the focus this morning will be on testimony from Ben Bernanke, chairman of the Federal Reserve.

90 minutes before the opening bell, Dow futures are trading 51 points higher at 10,429 and S&P 500 futures are up 5.90 points to 1,112.10 Over the past five trading days the Dow climbed 3.9% and S&P 500 gained 4.03%.

Also, NYMEX crude oil is up 43 cents to $80.24 per barrel while Gold is up $1.20 to $1123.30.

Key Events This Week:

Monday:

10:30 â€

About the Author

devteam

Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs
Share

Comments

Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...