Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Markets Poised for Gains on Japanese QE

LONDON -- The Dow Jones Industrial Average (INDEX: ^DJI  ) and the S&P 500 (INDEX: ^GSPC  ) are expected to open slightly higher this morning, according to futures markets at 7 a.m. EDT. Investors are expected to react favorably to overnight news that Japan's central bank has launched a $126 billion extension to its existing asset-purchase program. The money will be used to buy a mixture of short- and long-dated government bonds and will run until the end of 2013.

At home, a range of housing-related data is due to be released, which could confirm the improvement shown by yesterday's homebuilders' index. The MBA weekly mortgage applications survey was due at 7 a.m. EDT. August's housing start figures are to be released at 8:30 a.m. EDT; analysts are expecting an increase from 746,000 to 775,000, but building permits, also due at 8:30 a.m. EDT, are expected to have fallen. Finally, August's existing-home sales are due at 10 a.m. EDT, with analysts expecting an increase from 4.47 million to 4.6 million.

Today sees a pickup in company reporting activity, with General Mills, AutoZone, Adobe Systems, and Bed Bath & Beyond all expected to report quarterly figures. It may also be worth watching out for Microsoft, which announced a 15% increase in the company's quarterly dividend after markets closed last night.

European markets
Over in Europe, the main markets were almost unchanged after the morning's trading. At 7 a.m. EDT, the DAX was down 0.1%, the CAC was down 0.1%, the FTSE MIB was down 0.2%, and the IBEX was down 0.1%. In London, the FTSE 100 (INDEX: ^FTSE  ) was up 0.1%, as the gainers and fallers almost balanced each other exactly. Leading the gainers and continuing yesterday's ascent was water utility United Utilities, which rose by 2.7% on the strength of renewed bid rumors. At the other end of the scale, financials continued to suffer, with Barclays falling 2.2% and yesterday's big loser, Aviva, sliding a further 1.2%.

Billionaire investor Warren Buffett is not an investor in Aviva, but he did recently invest $1 billion in another well-known British blue-chip brand, expanding his stake in the company to more than 5%. The business concerned is a famous British name with global expansion potential -- and you can discover the identity of the company and the price he paid in this special exclusive report. Best of all, the report is free, so download it today while it's still available.

 Are you looking to profit from this uncertain economy? "10 Steps To Making A Million In The Market" is The Motley Fool's latest report. We urge you to read it today -- your wealth could be transformed. Click here now to request your free, no-obligation copy. The Motley Fool is helping Britain invest. Better.

Further investment opportunities:

Roland Head owns shares in Aviva but has no shares in any of the other companies mentioned in this article. Motley Fool newsletter services have recommended buying shares of Microsoft, Bed Bath & Beyond, and Adobe Systems. Motley Fool newsletter services have recommended creating a synthetic covered call position in Microsoft. Motley Fool newsletter services have recommended creating a diagonal call position in Adobe Systems. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2022444, ~/Articles/ArticleHandler.aspx, 10/22/2016 10:06:15 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
^FTSE $7020.47 Down -6.43 -0.09%
FTSE 100 CAPS Rating: No stars
^GSPC $2141.16 Down -0.18 -0.01%
S&P 500 INDEX CAPS Rating: No stars