Jobs Data, Treasury Supply,Earnings, Bank Tax?

by devteam January 21st, 2010 | Share

After shedding more than 1% yesterday equity futures have been volatile Thursday morning as investors anticipate earnings results and fresh economic data.

90 minutes before the bell futures on the Dow  and benchmark S&P 500 are roughly flat.

Meantime, WTI Crude oil is up 5 cents to $77.79 per barrel and Spot Gold is off $6.39 to $1,104.66 per ounce.

Goldman Sachs is expected to see earnings per share of $5.20 in the fourth quarter, versus a loss of $4.97 a year ago, according to analysts polled by Thomson Reuters. After the closing bell, Google is projected to post earnings of $6.45 per share.

Chinese real GDP rose at a better than expected pace of 10.7% in Q4, beating the previous quarter’s 9.1% increase.

WSJ: President Obama to announce new proposals on Thursday EST aimed at constraining the size and risk taken by the largest U.S. financials, according to the Journal’s congressional sources.

Later today, President Obama is anticipated to announce new rules aimed at limiting the risk-taking abilities of larger banks. The Wall Street Journal reports that the rules will limit “the size and risk taken by the country's biggest banks, marking the administration's latest assault on Wall Street in what could mark a return, at least in spirit, to some of the curbs on finance put in place during the Great Depression, according to congressional sources and administration officials.”

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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