Five things to know ahead of the trading day
Globes summarizes the key events ahead of the opening of the Tel Aviv Stock Exchange, which is expected to open with slight gains supported by dual-listed stocks, following sharp declines yesterday amid political uncertainty. On Wall Street, futures signal a negative opening on the Nasdaq due to disappointment from Google's reports, while Microsoft smashed expectations. The Fed left interest rates unchanged.
Ahead of the opening of the Tel Aviv Stock Exchange, Globes summarizes the key events. The exchange is expected to open with slight gains supported by dual-listed stocks, following sharp declines yesterday amid post-election political uncertainty. On Wall Street, futures signal a negative opening on the Nasdaq due to disappointment from Google's reports, while Microsoft smashed expectations. The Federal Reserve left interest rates unchanged and maintained a hawkish tone; the PCE index will be released today. Oil prices are retreating amid reports of diplomatic contacts. Goldman Sachs estimates that the Fed is close to exhausting its policy and stocks are headed for a rally. In Asia, Samsung published quarterly reports with a 783.11% surge in operating profit.