US Opening Comments

First Published Tuesday, 17 November 2009 from Need to Know News

Earlier this morning, Home Depot reported better-than-expected Q3 earnings and also raised its profit forecast for the year. Also, Wells Fargo upgraded Devon Energy, Barclays raises Exxon Mobil, and UBS upgraded Hess. US equity futures are currently following their European counterparts moderately lower with Dow futures down 0.3%, S&P futures falling 0.4% and Nasdaq futures shedding 0.4%. Bonds are lower as well, with the 30yr down 6 ticks and the 10yr off 5 ticks. 3-month Libor fell to 0.27%. In FX, the dollar is currently higher against all major currencies with EUR/USD down 0.7%, Cable dropping 0.3%, USD/JPY gaining 0.3%, USD/CHF adding 0.9% and USD/CAD surging 1.1%. The energy complex has given back some of yesterday

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