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Markets Hold Up Mostly Due To The Easter Bunny

Published 03/28/2013, 05:06 PM
Updated 07/09/2023, 06:31 AM

This morning, the S&P 500 Index e-mini futures (ES-M3) are trading lower by 0.25 points to 1556.75 per contract. Traders and investors continue to hold the markets near the flat line ahead of the opening bell. The leading European stock indexes are all trading slightly higher higher on the session. Many traders and investors are expecting the central banks to keep the easy money flowing and this is the catalyst for the stock markets staying buoyant. This is the final trading session before the Good Friday holiday so trading volume is expected to be light after the first couple hours of trading. Light volume will usually keep the markets from declining very much.

Last night, most of the leading Asian stock indexes declined. The Nikkei 225 Index (Japan) ended lower by 1.25 percent. The Shanghai Index (China) was the big loser closing lower by 2.84 percent. This tells us that we should expect early weakness in the Chinese ADR's today. If the U.S. markets are weak then it is possible for the leading Chinese ADR's to really fall hard. Some leading Chinese related equities that could be volatile today include Baidu Inc (ADR) (BIDU), Sina Corp (SINA), China Mobile Ltd (ADR) (CHL), and the Market Vector China ETF (PEK).

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