Daily Market Analysis

Daily Market Analysis
Wednesday, February 23, 2011, 09:16



The major U.S. index futures are pointing to a higher opening on Wednesday, with some buying interest likely to emerge on bargain hunting following yesterday's sharp declines. Global cues are not very encouraging, with the Asian markets closing mostly lower, while the European markets are also moving to the downside. Commodities prices are seeing extended strength amid the weakness of the dollar. If the existing home sales report to be released shortly after the markets open come in stronger than expected, the initial buying could find follow through. (Feb 23, 2011) Full Article

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