Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
BLBG: U.S. Index Futures Signal Stocks to Rise a Second Day Before Fed
 
U.S. stock-index futures rose, indicating equities will extend gains, as investors awaited earnings and the conclusion of a Federal Reserve monetary-policy meeting.
Facebook Inc. and MasterCard Inc. are among 48 Standard & Poor’s 500 Index companies reporting earnings on Wednesday. Twitter Inc. slipped 11 percent in premarket trading after its top executives said efforts to improve user growth had so far met with little success.
S&P 500 E-mini contracts expiring in September gained 0.2 percent to 2,091.5 at 7:10 a.m. in New York. The gauge rose 1.2 percent Tuesday, halting a five-day drop, as some earnings beat estimates and a selloff in Chinese markets eased. Futures on the Dow Jones Industrial Average rose 38 points to 17,584.
“The market isn’t concerned about Fed because the Fed is ultra dovish and keeps postponing the rate hike,” said Carlo Gallina, chief executive officer and partner at Pegaso Capital Partners SA in Lugano, Switzerland. “It’s more likely that in this situation of weak growth it’s going to be a one-time rate hike. The Fed will still support the market.”
Investors are awaiting a Fed statement on Wednesday for signs on when it will move to raise borrowing costs. Economists forecast the central bank will hold rates steady in a decision at 2 p.m. in Washington. Separate data may show pending home sales rose in June at the same pace as May.
Earnings Season
The S&P 500 is up 1.5 percent in July, heading for its biggest monthly advance since February, after nearly wiping out gains for the period earlier this week.
Of the gauge’s members that have reported results this season, about three-quarters beat profit estimates and half topped sales projections. Analysts expect a 4 percent drop in second-quarter earnings, shallower than July 10 calls for a 6.4 percent fall.
Among other shares moving on corporate news, Buffalo Wild Wings Inc. gained 9.5 percent after second-quarter sales topped estimates. Gilead Sciences Inc. climbed 4.5 percent after the drugmaker reported profit that beat projections.
Citrix Systems Inc. advanced 4.8 percent after saying it reached a settlement with investor Elliott Management Corp.
Yelp Inc. plunged 20 percent after the owner of the customer-review website cut its annual revenue forecast and said it will stop selling national brand advertising.
Source