Earnings Encouraging As Traders Look Ahead To Fed Meeting | RTTMews Daily Market Analysis
Daily Market Analysis Wed Jan 26 2011 Jan 26, 2011 Earnings Encouraging As Traders Look Ahead To Fed Meeting The major U.S. index futures are pointing to a higher opening on Wednesday, with sentiment likely to receive support from positive earnings that have been trickling in. Global cues are mostly positive, with the European markets advancing solidly, while Asian stocks closed mixed. Crude oil prices are firming up ahead of the weekly oil inventory report, while the dollar is slightly stronger against the euro. The FOMC statement and the existing home sales data could give decisive direction to the markets in today's session. Full Article