Pre-opening Comments for Friday August 26th U.S. equity index futures are lower this morning. S&P 500 futures are down 9 points in pre-opening trade. Index futures are waiting for two significant events, a speech at 10:00 AM EDT on U.S. monetary policy by Federal Reserve chairman Ben Bernanke and Hurricane Irene advancing along the U.S. [...]
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Pre-opening Comments for Monday June 20th 2011 U.S. equity index futures are lower this morning. S&P 500 futures are down 5 points in pre-opening trade. Traders are responding to news that European finance ministers have deferred a decision to bail out Greece’s sovereign debt. Greece’s parliament is scheduled to vote on a finance package tomorrow. [...]
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Royal Bank of Canada (NYSE:RY – $53.93, TSE:RY – $56.74Cdn.) News event: Upgraded from Neutral to Buy by UBS Source: FP Trading Desk Link: http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/11/10/royal-bank-upgraded.aspx Technical and seasonality comment: ‘Tis the season for analysts to comment favourably on Canada’s major banks. Royal Bank as well as Canada’s top six banks have a period of [...]
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