U.S. stocks finished mixed Friday.
NEW YORK (CNNMoney)
Expectations of a further rate cut from the European Central Bank and continued monetary support from the Federal Reserve later this week gave additional support to the market.
Investors begin the week awaiting data on personal income and spending, after the government reported Friday that the U.S. economy grew at an annual pace of 2.5% in the first quarter.
U.S. stock futures were firmer in early trading Monday.
Consumer spending, which alone accounts for roughly two-thirds of GDP, rose at a 3.2% annual pace, the fastest pace since the end of 2010. But the data also shows that consumers funded that spending in part by saving less.
Investors will get another look at the issue when the Bureau of Economic Analysis releases data on personal income and spending for March at 8:30 a.m. ET. At 10:00, the National Association of Realtors will release data on pending home sales.
Fear & Greed Index
In corporate news, controversial supplements company Herbalife (HLF) and gun maker Sturm Ruger (RGR) are set to release their quarterly results after the bell.
JPMorgan Chase (JPM, Fortune 500) announced Sunday that another of Jamie Dimon's key executives, co-chief operating officer Frank Bisignano, is leaving the firm and will be replaced by Matt Zames.
U.S. stocks finished mixed Friday.
European markets rose in morning trading after Enrico Letta was sworn in as Italy's prime minister, ending weeks of political deadlock and uncertainty in a country mired by recession.
Investors are also confident that the ECB will cut interest rates as soon as Thursday, as economic data deteriorates and central banks in other regions take more aggressive action to support their economies.
Greek lawmakers agreed to cut thousands of government jobs to secure another $11.5 billion in bailout funds.
Markets in Hong Kong added 0.1%. Exchanges in Shanghai and Tokyo were closed for a holiday. 
First Published: April 29, 2013: 5:19 AM ET
Anda sedang membaca artikel tentang
Stocks: Starting week on a high note
Dengan url
http://ngopingeteh.blogspot.com/2013/04/stocks-starting-week-on-high-note.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks: Starting week on a high note
namun jangan lupa untuk meletakkan link
Stocks: Starting week on a high note
sebagai sumbernya
0 komentar:
Posting Komentar