This morning, the S&P 500 Index e-mini futures (ES-H3) are trading higher by 3.00 points to $1490.75 per contract. Yesterday, the major stock indexes staged their largest decline of 2013. The sell off also occurred on the heaviest volume of the year telling us that institutional money wanted to get out quickly. Often, after a large point decline the following trading session will be more subdued or quiet. Either way, traders will certainly have to be more selective in this type of market.
Later today, Federal Reserve Chairman Ben Bernanke will testify before the Senate Banking Committee. He will also testify tomorrow in front of the U.S. Congress. So we shall see if the words from Chairman Bernanke are enough to lift these stock markets. After all, the guy is printing more money than ever at this time. He is currently buying $85 billion worth of U.S. Treasuries and mortgage backed securities every month.
Last night, all of the leading Asian stock indexes sold off sharply. The Nikkei 225 Index (Japan) was the biggest loser in Asia falling by 2.26%. Traders should watch for weakness in all of the Asian ADR's today. Leading stocks such as Toyota Motor Corporation (ADR) (TM), Honda Motor Co Ltd (ADR) (HMC), Canon Inc. (ADR) (CAJ), and Panasonic Corporation (ADR) (PC) are just a few Japanese ADR's that could be volatile today.
Below you may find the video.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Can Bernanke Save The Markets Again?
Published 02/26/2013, 11:38 AM
Updated 07/09/2023, 06:31 AM
Can Bernanke Save The Markets Again?
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.