Equities Sharply Higher Ahead up Jobless Claims

by devteam May 27th, 2010 | Share

Equity markets dropped at the final hour yesterday when news reports indicated that China was reluctant to buy European debt. This morning the reverse has happened: global equities are up and stock futures are sharply higher after China called Europe a key investment market. 

Ninety minutes before the opening bell, Dow futures are up 184 points to 10,105 and S&P 500 futures are 24.80 points higher at 1,086.00.

WTI crude oil is up $1.83 to $73.34 per barrel, and Spot Gold is up $1.50 to $1,213.30.

Stocks in China, Japan, and Hong Kong are all up more than 1%, while London’s FTSE 100 is up 1.86% and France’s CAC-40 is up 2.10%.

Key Events Today:

8:30 â€

About the Author


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

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