Forex Overnight: USD trading
mixed
The USD is trading mixed against the major currencies this
morning. Investors await the preliminary US Gross Domestic Product
(GDP) data scheduled later today which is expected to show an
improvement in the third quarter. Additionally, investors are
keeping a tap on an Italian bond auction and Spanish unemployment
data slated later in the day. At 5 am GMT, the EUR has strengthened
marginally against the USD to trade at USD 1.2938 while the GBP has
weakened marginally against the USD to trade at USD
1.6116.
The JPY has strengthened 0.3 percent each against the USD
and the EUR. Data indicated that consumer prices in Japan continued
to decline in September.
The AUD and the CAD are trading 0.4 percent and 0.1 percent
lower versus the USD.
UK Stocks: Likely to open weak
The FTSE 100 is expected to open 34 to 40 points in the
red.
No key economic indicators are slated for release
today.
African Barrick Gold is scheduled to
report its results today.
BP has stated that it has cancelled
plans to build an ethanol plant in Florida in order to focus on
more attractive projects.
According to Reuters, a three-month-long strike at
Colombia's La Jagua coal mine, owned by
Glencore International's Prodeco unit, has
ended after the government called both the sides to an arbitration
tribunal.
US Stocks: Futures trading in the red
At 5 am GMT, S&P 500 futures are trading 10.2 points
weaker.
GDP, Personal Consumption Expenditure and Thomson
Reuters/University of Michigan Consumer Confidence Index are the
key economic indicators scheduled for release today.
Merck & Company,
Comcast,
Ventas, Aon
Plc,
Weyerhaeuser, KKR &
Company,
Moody's, Digital Realty
Trust, Rockwell
Collins and Newell
Rubbermaid are scheduled to announce their
results today.
Apple ended marginally higher in the
after hours trading session yesterday. The company reported
lower-than-expected fourth quarter profit and issued a downbeat
first quarter forecast.
Expedia rallied 15.1 percent on upbeat
third quarter results.
Synaptics soared 16.0 percent after it
posted better-than-forecast first quarter results and provided a
second quarter revenue outlook in line with market estimates. On
the downside, downbeat third quarter results and a
lower-than-anticipated fourth quarter revenue outlook
led Amazon.com to decline
1.0 percent.Coinstar retreated
8.6 percent after it posted dismal third quarter earnings and cut
its revenue and earnings outlook for the full year.
Lower-than-forecast third quarter revenue and a cut to its full
year guidance led Deckers
Outdoor to plunge 14.6 percent.
Yesterday, the S&P 500 index advanced 0.3 percent in the
regular trading session after data indicated that US durable goods
orders climbed more-than-forecast in September.
Procter & Gamble advanced 2.9
percent after its first quarter earnings surpassed market consensus
and it reiterated its full year outlook.
Teradyne surged 8.2 percent on the back
of upbeat third quarter results. Ford
Motor rose 2.2 percent after it announced plans
to close two of its UK manufacturing plants and trim 1,400 jobs to
reduce losses from its European business. On the
contrary, F5
Networks plunged 11.1 percent after it reported
lower-than-expected fourth quarter results and offered a downbeat
first quarter outlook. Dismal third quarter results
led Cliffs Natural
Resources to slump 10.5 percent.
Colgate-Palmolive declined 1.8 percent
after it announced restructuring plans which includes cutting its
workforce by 6.0 percent over the next four years.