Pre-opening Comments for Wednesday September 7th U.S. equity index futures are higher this morning. S&P 500 futures are up 15 points in pre-opening trade. Index futures moved higher after the German courts agreed that sovereign debt transactions by the German government are constitutional. European equity markets quickly posted 2 percent gains. Gold responded to the [...]
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Pre-opening Comments for Monday May 16th 2011 U.S. equity index futures are lower this morning. S&P 500 futures are down 4 points in pre-opening trade. Index futures moved lower following release of the May Empire State Manufacturing Index at 8:30 AM EDT. Consensus for the Index was 18.0 versus 21.7 in April. Actual was 11.9 [...]
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Magna International Inc (NYSE:MGA, TSE:MG.A) – $51.92U.S., $49.66 Cdn. News event: General Motors decides not to sell its Opel unit to Magna Technical comment: Magna currently has a mixed intermediate technical profile. Intermediate trend is down. Strength relative to the TSX Composite Index and S&P 500 Index has been neutral during the past two [...]
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