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Further to an earlier update on the Dow Jones, noting some of the biggest US banking names reporting Q4 earnings, some of these are also S+P 500 companies. So, here we go, at 11.10am GMT we get results from BlackRock (BLK). At 11.35am we get Bank of New York (BK). At 11.55am we get JP Morgan Chase (JPM). At 12pm we have Wells Fargo (WFC). At 12.30pm we have Goldman Sachs (GS) and finally we have Citigroup (C) at 1pm GMT. Goldman Sachs and JP Morgan are two Dow Jones heavyweights, with Goldman being the largest stock within the Dow. JPM is also quoted on the S+P. The rest are all S+P 500 components, of some note too, so the futures could react to what shows up. Without going into detail on all these, the markets generally expect very robust earnings reports from this lot today. Of course any, or all of that could be less important, if the US CPI report really surprises, but we shall have to see what shows up a little after all these reports emerge. Ahead of this the S+P 500 was held back by the lower close in the Nasdaq 100 yesterday. The index closed just 6.69 points higher, at 5,842.91 after posting a session low at 5,805.42. The index futures are a little higher just now this morning, currently pricing the opening at around 5,848
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...
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...
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