Friday, 25 October 2013

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open around 1754. Metals are weak, with Gold -$6. Oil is flat, whilst the USD is moderately higher, +0.2% @ 79.32. Equity bulls should be very content with any weekly close in the 1750s.



*we have econ-data to be mindful of, and there is no QE until next Monday.

So far this week, the sp is +7pts, a mere 0.4%. Clearly, the bulls should be looking for a Friday/weekly close in the 1750s, that will at least keep all the trends outright bullish.

Notable early movers

AMZN, $358 + 26 (8%)...and still a loss making company that pays no dividend.
MSFT, +$2 @ $35.70, on very good earnings.
ZNGA +11% in the $3.90s, but still losing money.

The 'new economy' huh?