Apple's poor figures after the bell last night mean that the U.S. futures point to a negative start for U.S. equity indices this afternoon ... Apple is trading in Europe around 3.22 euros lower, indicating a decline of 4 when U.S. markets open later.
More Quotes from Angus Campbell:
This could be the make or break week for U.S. indices and determine the path of the markets into the spring months.Angus Campbell
As oil prices continue to trade higher, this (deficit) decline could be short lived and the U.S. trade woes may get worse.
Angus Campbell
The story of the morning is GM. Their stock is trading a lot lower in Europe, indicating that they will decline by about a dollar when they open up and that has affected the futures. This news could eradicate any good coming out of the corporations reporting today.
Angus Campbell
Everyone hopes the fourth-quarter earnings will give a much needed boost to a poor equity market, but if you remember last quarter, we had the best earnings season for a while, and it wasn't enough to push the Dow to new highs,
Angus Campbell
Even though oil futures are flat this morning and have remained around (the) 63 to 64 a barrel level, concerns remain over the prospect of the combination of higher inflation and borrowing costs.
Angus Campbell
The main focus will be on what they have to say about how 'higher energy and other costs have the potential to add to inflation pressures'.
Angus Campbell
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