GFT Global Markets

195267 Resource 133535 179170 179170 1201014775261 1201014775261 Controlled Pre-open Calls for US markets

US Markets Re-Open After the Holiday Weekend

<div><font face="Arial" color="#000000" size="2">Our current calls for the open of the US markets are as follows:</font></div><div><font face="Arial" size="2"></font> </div><div><font face="Arial" size="2">DOW       Down 574 points at 11525 (4.7%)</font></div><div><font face="Arial" size="2">S&P 500  Down 70 points at 1255 (5.2%)</font></div><div><font face="Arial" size="2">NASDAQ 100 Down 99 points at 1745 (5.3%)</font></div><div><font face="Arial" size="2"></font> </div><div><font face="Arial" size="2">After being closed for the long holiday weekend, US indices are heading for carnage on the open. There are all sorts of rumours flying around, particularly surrounding the likelihood of the Federal Reserve cutting rates today, ahead of the scheduled meeting next week, or even of coordinated action between the US, UK and European central banks. </font></div><div><font face="Arial" size="2"></font> </div><div><font face="Arial" size="2">Any such action will depend on the severity of losses we see in the US today. Although the Fed would be at pains to say that the markets do not lead interest rate policy, should we see losses today or over the next few days in US stocks of 8 to 10 per cent, it could be argued that the financial system may suffer systemic damage if immediate action were not taken. The Fed would not want this at a time when the US economy is already heading for a possible recession. </font></div> 9 application/xml false DOW GFT Global Markets NASDAQ S&P 500 Spread Bets Stock Indices US Stock Market GFT Global Markets Trade on the stock indices with GFT Global Markets today! http://www.gftuk.com/land/?aid=53 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 ggnelson 206.114.34.165 false true false false true 133535 blog blogsite/GFTUK/web