luni, 1 februarie 2016

News for today (February 1st, 2016)

U.S. stock futures seems weak and most of the global stock markets are slipping. Oil is going back towards $33/barrel.

Enthusiasm levels are going low because of the new data that showed China's manufacturing activity slumped again in January.
Wall Street is also on edge as the Iowa Caucuses get underway Monday evening. Donald Trump is on
the verge of a potentially stunning victory as Republican voters in the state choose their preferred presidential candidate. Democratic voters in Iowa have two main choices: Hillary Clinton and Bernie Sanders.

There are a 4 big earnings coming out Monday:
Aetna (AET) and Sysco (SYY) will each post a quarterly update before the opening bell.
After the markets close, investors will hear from toy-maker Mattel (MAT) and Alphabet (GOOG), which is Google's new parent company.

The federal Bureau of Economic Analysis will post national personal income and spending data for December at 8:30 a.m. ET.
Then, at 10 a.m.,ET the Institute for Supply Management will release the key manufacturing activity metric for January, called the ISM Index.

A little January recap:
January, being extremely volatile for stocks, lead to losses on the main Wall Street indexes. Accordingly, Dow Jones fell 5.5%, the S&P 500 fell 5.1% and the Nasdaq dropped 7.9%.

Last month has marked the worst performance for Nasdaq since May 2010.

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