LONDON -- The Dow Jones Industrial Average
Also of interest to U.S. traders will be the latest weekly jobless claims figures, which are due at 8:30 a.m. EDT and are expected to be down a fraction from last week. The latest household debt and consumer credit figures are due out later in the day and could provide further indications of the state of the real domestic economy. Weekly EIA gas storage figures are also due and are expected to show a rise, which could weaken natural-gas prices slightly.
In Europe, markets continued yesterday's upward march this morning, albeit at a slower pace than yesterday. The Bank of England held its monthly rate-setting meeting and confirmed that there would be no change to interest rates or additional quantitative easing for another month. Bank bailout hopes helped Spain to successfully negotiate its latest bond auction, selling just over its 2 billion euro target of short- and long-dated bonds. Yields rose substantially but remained below peak levels seen in recent days in the bond markets. The yield on 10-year bonds averaged 6.044% (last time it was 5.743%), but shorter-yielding bonds saw bigger increases, with four-year bonds yielding 5.353% and two-year bonds yielding 4.335%, up respectively from 4.319% and 3.463% at the last auction.
At 7 a.m. EDT the FTSE 100
Shares likely to be active in U.S. trading today include Lee Enterprises
Companies due to release earnings today include Rite Aid, while disappointing results from The Men's Warehouse
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