The Dow Jones is expected to post some gains today after yesterday fall of more than 1%, primarily on account of some optimism on European recovery and gain in commodities. Key Things To Know Before the Opening of Dow Jones today is as follow
Optimism on European market recovery:
A report showed the euro-area economy probably maintained its 0.4 percent rate of expansion in the third quarter and will continue to grow, which have increased optimization among investors regarding European recovery
China’s Stocks Drop After Factory Gauge Sinks to Six-Year Low:
Chinese stocks trading in Hong Kong slid the most in three weeks after a preliminary manufacturing gauge unexpectedly fell to a six-year low and concern grew the government will pare back support for equities
Emerging markets and currencies tumble:
A surprise decline in a Chinese manufacturing gauge to the lowest level in six years deepened concerns of a global slowdown, which have led to emerging-market stocks heading for a two-week low and currencies tumbled
Volkswagen shares gained as news came out that the CEO Martin Winterkorn will get a chance to make his case before the executive committee of the company’s supervisory board on Wednesday. Also, the company have set aside close to $7.3 billion as probe widens and cost arises for regulatory action. The stock is expected to continue to witness more volatility over the next few days as more news and regulator probe get widened.
Above market news is expected to have a combination of positive and negative impact on the Dow Jones, which is expected to result in volatility throughout the day but trend remains largely bearish. Hope above indicators help you in adjusting your market strategy for today and do visit our website tomorrow for daily market news impacting Dow Jones.