Market news
13.12.2010, 14:34

Before the bell:

U.S. stocks were poised to open slightly higher Monday, as investors mull over a slew of corporate deals, and await resolution on the tax-cut deal from Washington
Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were all up modestly ahead of the opening bell.

On Friday, the S&P 500 closed at a two-year high, as stocks advanced on upbeat economic news and a dividend hike by General Electric.

World markets:

China's economy has been booming, fueling fears of an imminent interest rate hike. There has been wide speculation for several weeks that China's government would raise interest rates to slow the economic growth. So far, that rate hike has yet to be announced.
Economy: No major economic reports are scheduled to be released Monday. However, a raft of reports on unemployment, consumer prices and new home construction will be released later in the week.
Companies: Investors have a slew of corporate deals to chew on.
General Electric (GE) offered $1.3 billion for Wellstream Holdings PLC (WSM), an engineer and manufacturer of products for oil and gas transportation in the subsea production industry. Shares of GE edged higher in premarket trading.
Thermo Fisher Scientific (TMO), the parent company of Thermo Scientific and Fisher Scientific, announced that it would acquire Dionex Corporation (DNEX), a leading manufacturer and marketer of chromatography systems, for about $2.1 billion, or $118.50 per share in cash. Thermo Fisher's offer represents a 21% premium to Dionex's closing stock price on Dec. 10.
Also, Dell (DELL) announced that it has purchased data storage company Compellent Technologies, Inc. (CML) for $27.75 per share in cash. Last Thursday, Dell announced it was in talks with Compellant about a potential deal. Shares of Dell fell 1.4% in premarket trade, while shares of Compellent slid nearly 2% in premarket trade.
Oil for January delivery gained $1.28 cents to $89.07 a barrel.
Gold futures for February delivery rose $8.20 to $1,393.10 an ounce.
The price on the benchmark 10-year U.S. Treasury edged down slightly, pushing the yield up to 3.38%.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location