After a negative performance yesterday, the major indices are looking to rebound this morning into the open. All eyes will be on the FOMC minutes slated for release at 2pm EST. While the Fed opted to not go forward with QE3, investors will be looking for hints of possible future stimulus programs contained within the minutes.
A quick snapshot of the futures has the Dow up 29, the Nasdaq essentially flat and the S&P up 2 points.
Europe continues to play the role of possible spoiler in any rally. Spain announced a new round of austerity measures that will surely have people back in the streets. In a bit of this can’t be true but actually is, Berlusconi, former PM of Italy, is hinting at another run of 2013. At least Italy’s party scene will make a comeback. Sign Up For Free Stock Alerts
Asian markets finished their trading day mixed, with Japan and Australia losing ground for the fifth straight session. China rebounded somewhat as did Hong Kong.
In commodities, oil prices continue to trade in the $85 range. Gold prices are giving up some ground in early trading, off $5 per ounce to $1574.80. [Read more...]
