Excerpt from: Stock Indices CFDs and Spread Bets
|
 |
| August 14, 2006 | | Lebanon cease-fire and lower oil prices do the trick | World news often has an effect on stock indicies around the world, and lately the Middle East has been in the thick of it. Following the news of a cease-fire in Lebanon, and the news of lower oil prices, U.S. stock index futures have been rising. The actual stock market is largely unchanged right now, but it is expected to improve over the next few days on gains made by Dow Chemical, Ford and other companies, reports Bloomberg:
``The environment for equities is still positive,'' said
Christian Holland, who helps manage about $1 billion at
Cavendish Asset Management in London. ``Earnings are still
robust and I believe that the price of oil may ease once a peace
settlement is reached in Lebanon.''
Dow Chemical Co., the largest U.S. chemical maker, gained
in Europe on optimism that lower raw-material costs will help
boost profits. Ford Motor Co., the nation's No. 2 automaker,
rose after Bear Stearns & Co. recommended the stock.
Standard & Poor's 500 Index futures expiring in September
added 6.30 to 1278.60 at 8:40 a.m. in New York. Dow Jones
Industrial Average futures gained 55 to 11,175. Nasdaq-100 Index
futures advanced 9 to 1505. | | |
|
|
