Wednesday 25 February 2015

Pre-Market Brief

Good morning. Futures are fractionally lower, sp -1pt, we're set to open at 2114. Metals are holding moderate gains, Gold +$8. Oil is +0.9%. Yellen is set to offer more monetary spiel to the political class this morning at 10am.


sp'60min


Summary

Not much to add.

Mr Market will be listening to Yellen to speak to the US congress at 10am. The testimony will be the exact same... but the questions will probably be more mediocre and bizarre (not least from Maxine Waters).
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Notable early weakness, CHK -5.4% (earnings?)
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Hunter with Cahn, probably one of the most kooky guest he has ever had. There is all sorts of wild and crazy talk in this one...



As ever... make of that... what you will.

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Good wishes for Wednesday
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9.10am. Watching HPQ CEO Whitman on CNBC.... worse corporate leader (or should that be raider?) in modern history?

Market is not buying her nonsense talk.... HPQ -6.4%.. after earnings.