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Monday, 27 April 2009 12:10:53 GMT
Written by John Rivera, Analyst
Full Article
Concerns that the “swine flu” which has seen cases in Mexico and the United States could become a world wide pandemic has sparked risk aversion and sent U.S. futures lower during overnight trading.
What To Watch For In The US Session
• “Swine Flu” Concerns Expected To Weigh On Markets
• U.S. GDP and Bank Stress Test Adding To Concerns
• Verizon and Qualcomm Report Earnings
“Swine Flu” Expected To Weigh On Sentiment As Futures Point To Lower Open
Concerns that the “swine flu” which has seen cases in Mexico and the United Sates could become a world wide pandemic has sparked risk aversion and sent U.S. futures lower during overnight trading. The potential impact on travel and other industries is expected to weigh on those stocks as traders start to factor in the worst case scenario. The other concern is that it could slow the recovery on the U.S. which is expected to be one of the main sources of growth for the global economy based on the level of stimulus it has provided. Markets were already expected to be a little jittery this week with U.S. GDP forecasted to have contracted by 5.0% in the first quarter and the looming results of the bank stress tests. Verizon and Qualcomm offered mixed results when reporting earnings today with the cell phone provider beating estimate of $0.59 with earnings of %0.63 per share. Meanwhile, Qualcomm reported a second quarter net loss of $289 million or $0.18 per share, compared to profit of $766 million or $0.47 per share in the same quarter of last year.
Dow Jones 8076.29
The DJIA futures have been down triple digits throughout overnight trading on the potential global impact of the “swine flu” pandemic. Verizon’s strong earnings and potential deal with Apple to bring over the iPhone could send its shares higher offsetting losses in energy and industrial names.
NASDAQ 1694.29
The Nasdaq is also expected to see be weighed by the global impact of the potential health crisis, which should weigh on airlines stocks and other related industries.
S&P 500 866.23
The S&P 500 is expected to trade lower as analysts asses the potential impact to the U.S. economy of the “swine flu” becoming a national crisis.
Current Snapshot
CFDTrading provides news on the economic reports and political events that influence the CFD traders.
Written by John Rivera, Analyst
Full Article
Concerns that the “swine flu” which has seen cases in Mexico and the United States could become a world wide pandemic has sparked risk aversion and sent U.S. futures lower during overnight trading.
What To Watch For In The US Session
• “Swine Flu” Concerns Expected To Weigh On Markets
• U.S. GDP and Bank Stress Test Adding To Concerns
• Verizon and Qualcomm Report Earnings
“Swine Flu” Expected To Weigh On Sentiment As Futures Point To Lower Open
Concerns that the “swine flu” which has seen cases in Mexico and the United Sates could become a world wide pandemic has sparked risk aversion and sent U.S. futures lower during overnight trading. The potential impact on travel and other industries is expected to weigh on those stocks as traders start to factor in the worst case scenario. The other concern is that it could slow the recovery on the U.S. which is expected to be one of the main sources of growth for the global economy based on the level of stimulus it has provided. Markets were already expected to be a little jittery this week with U.S. GDP forecasted to have contracted by 5.0% in the first quarter and the looming results of the bank stress tests. Verizon and Qualcomm offered mixed results when reporting earnings today with the cell phone provider beating estimate of $0.59 with earnings of %0.63 per share. Meanwhile, Qualcomm reported a second quarter net loss of $289 million or $0.18 per share, compared to profit of $766 million or $0.47 per share in the same quarter of last year.
Dow Jones 8076.29
The DJIA futures have been down triple digits throughout overnight trading on the potential global impact of the “swine flu” pandemic. Verizon’s strong earnings and potential deal with Apple to bring over the iPhone could send its shares higher offsetting losses in energy and industrial names.
NASDAQ 1694.29
The Nasdaq is also expected to see be weighed by the global impact of the potential health crisis, which should weigh on airlines stocks and other related industries.
S&P 500 866.23
The S&P 500 is expected to trade lower as analysts asses the potential impact to the U.S. economy of the “swine flu” becoming a national crisis.
Current Snapshot
CFDTrading provides news on the economic reports and political events that influence the CFD traders.
