Wall Street set for dull opening


(MENAFN- ProactiveInvestors - N.America) US markets are set for a dull start ahead of the two-day Federal Reserve meeting that starts tomorrow.

Weak oil markets are also causing some concerns again and overall like London it's a day of few major corporate or economic updates to provide much distraction.

Financial spread bet firms see the Dow Jones Industrial Average dipping over 40 points in early trades from Friday's close of 18004.

Oil has rallied a little but at one point was below US$43 again as markets waited for an indication from the Saudi's decision on future production.

Conor Campbell at Spreadex said: 'Data-wise things look decidedly dull the new home sales figure (expected at 521k against the 512k seen last month) the only number of note.'

Tuesday though sees durable-goods orders consumer confidence and more details on the housing market.

Companies that have reported already include Xerox Corp with better revenues but lower than earnings than forecast.

Halliburton meanwhile delayed its first quarter statement until next month.


ProactiveInvestors - N.America

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.