The primary stock index futures were on the mend prior to opening bell today in
the U.S. Futures were green across the board for the DJIA, Nasdaq, and S&P 500
and stocks were positioned for the higher open in the U.S. this morning. The
primary market indicators in the Asia zone closed below break even today.
Primary indicators in Europe finished their session today mixed. The CAC 40 was
red as was the FTSE 100. The DAX in Germany finished the day in the green.
Indices are currently dealing with the negative pressure stemming from the debt
resolution crisis ongoing in the eurozone. Italy has been the recent point of
interest and leaders are scrambling to neutralize the negative ramifications of
the recent days. A sharp sell off was observed last session in the U.S. as
investors attempted to process the ramifications of Italys 10-year bond yield
pushing above the the 7 percent mark. Investors see this data as an indication
of crisis intensification. The perception that Italy, one of the largest
economys in Europe, would need to be bailed out increased along with the yield
on the 10-year bond. This action continues to pressure indices on a global
scale. As the trading session reached the mid-day mark today in the U.S., the
primary index composites were still trending on positive ground. The Dow Jones
was higher by 1.03 percent at 11,902. The Nasdaq was higher by .30 percent at
2,629.61. The S&P 500 was green at this point in the day by .85 percent at
1,239.70. Investors remain cautious though and trends are trailing. Frank Matto
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