The futures on US stock indices have been relatively calm today, thereby showing no major changes. Traders have turned risk-averse and do not want to trade big in advance of quarterly reports (Q4 2012). Yesterday, Standard & Poor's 500 hit the highest level since December 2007.
Higher inflation in China may deteriorate the situation in stock markets, Market leader experts report. December’s consumer price index in China grew by 2.5% y/y.
Wells Fargo & Co., a major US bank, is expected to publish its quarterly report today. Analysts expect the company’s income and proceeds to reach $0.87 per share and $ 21,34bn correspondingly.
The stock of American Express may well become one of the underdogs as they say the company is planning to sack some 5400 employees. Hopes are laid on Chevron’s stock.
The situation in the futures market looks as follows:
S&P 500: - 0,1 % or 1,4 points down to 1465,70
Dow Jones Industrial Average: - 11 points down to 13395
Nasdaq 100: - 0,75 points down to 2736,25
