Sunday, October 14, 2012

Dow Jones futures outlook week oct 15-19 2012

Dow Jones futures outlook week oct 15-19 2012 : U.S. stock ended mixed to lower on Friday, as investors shrugged off solid consumer sentiment data and JPMorgan Chase earnings, selling on fears that overall earnings will disappoint as headwinds build in front of the global economy.

At the close of U.S. trading, the Dow Jones Industrial Average rose 0.02%, the S&P 500 index was down 0.30%, while the Nasdaq Composite index was down 0.17%.

In the U.S., the University of Michigan/Reuters consumer sentiment index for October rose unexpectedly, climbing to a seasonally adjusted 83.1 from 78.3 in September.

Analysts had expected consumer sentiment to fall to 78.0.
Also in the U.S., producer price inflation rose more than expected in September, official data showed on Friday.

Market is expecting stimulus from China and looks like in this moment that is the one thing that may take markets in more higher levels, this is considering the fact that never ending Euro-zone debt fever is not going to improve much in coming days. Rise in Chinese export for September was good but in coming week Chinese inflation and 3rd quarter growth figures are due to come and those may be huge important events for market. On the other hand expectations are still high about Spanish bail-out and corresponding bond buying by ECB, now it will be very interesting to see whether stock markets get any good thing from that episode.

Financial Report to watch week 0ctober 15-19 2012
Monday, 15th October, 2012 – Retail Sales, NY State Mfg Index.

Tuesday, 16th October, 2012 – Consumer Price Index, Industrial Production, Housing Market Index.

 Wednesday, 17th October, 2012 – New Housing Starts

 Thursday, 18th October, 2012 – Unemployment Claims, Fed's Phila. Bus Index, Leading Econ Indicators.

 Friday, 19th October, 2012 – Existing Home Sales

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