Eagle Eye Opener

Rising Stock Futures Predict Good Day; First-Time Jobless Claims Fell Last Week; Potential Italian Leader Slams Austerity

Rising Stock Futures Predict Good Day (Bloomberg)
Stock futures rose this morning, indicating the S&P 500 will continue its current string of positive days. “The majority of companies are continuing to beat expectations, so that’s a good sign,” Peter Jankovskis, co-chief investment officer of Lisle, Illinois-based Oakbrook Investments LLC, said. “The jobless claims were better-than-expected, so that’s providing some support.”

First-Time Jobless Claims Fell Last Week (Bloomberg)
Suggesting an improving labor market, the number of applicants seeking unemployment benefits for the first time fell last week and beat expectations. “The layoff side of the equation is improving quite a bit,” said Gennadiy Goldberg, a U.S. strategist at TD Securities Inc. in New York, who projected filings would drop to 340,000. “The big question is on the hiring side and whether that can actually pick up and bring down the unemployment rate.”

Potential Italian Leader Slams Austerity (CNBC)
Enrico Letta, Italy’s recent nominee for the post of prime minister, has already started talking about austerity. “European policies are too focused on austerity which is no longer enough,” Letta said. “The country is waiting for a government. Everyone knows this is a situation that cannot go on like this.”


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