Futures Lower Before Data, Earnings, Speeches

by devteam October 22nd, 2009 | Share

Ahead of several data reports, speeches from Federal Reserve officials, and a deluge of earnings, a third straight day of sell-offs is looking probable as global markets are bleeding red across the board.

Shares in China and Japan fell 0.62% and 0.64%, respectively, on Thursday, after news that China’s economy posted a slightly-lower-than-expected 8.9% annual growth rate in Q3. Stocks in Europe are worse with London’s FTSE 100 down 1.11% recently and France’s CAC-40 down 1.50%.

Meanwhile, oil futures are trading lower but remain above the psychologically-important $80 mark. Also, the dollar is picking up against an array of currencies this morning; the euro touched above the $1.50 level yesterday but is now lower at $1.4972.

A mass of Q3 earnings reports will hit the headlines today. Key earnings include AT&T, Dow Chemical, 3M, Merck, and McDonald's.

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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