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Dow Jones futures advance after JPM knocks it out of the park
All of the US Q4 bank and financial firms Q4 earnings reports released so far today have been pretty good and the standout one released a short while ago came from JP Morgan Chase. They were expected to show Q4 revenue of $41.73 billion. They actually showed $43.74 and the EPS was $4.81 versus an expected number of $4.11. This news has pushed the S+P 500 and the Dow Jones futures to session highs. The big one as far as the Dow Jones is concerned comes at 12.30pm when we get the same from Goldman Sachs. Right now it would seem likely; that outfit is sure to beat the street too. The Dow Jones is right now priced to reopen around 42,730, but of course the CPI report could have the power to ruin a good story after that. We shall see
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
