LONDON -- The S&P 500
Last night's corporate earnings news could also result in active trading when markets open; Amazon, Facebook and Starbucks all announced disappointing earnings last night and fell heavily in after-hours trading, and all three could see heavy trading when markets open. Notable corporate results due before the bell today include Chevron, Merck, and Newell Rubbermaid.
In Europe, the rally triggered by ECB President Mario Draghi's comments continued this morning but started to fade away as the reality that no new policy measures have been agreed upon hit home. Despite this, bond yields remain lower than they have been recently, with the yield on Spanish 10-year bonds still below 7%. The Draghi effect also enabled Italy to sell 8.5 billion euros of six-month bonds this morning at a yield of just 2.45% -- the lowest since May and substantially less than last month's 2.96%.
The main European markets were mixed at the end of the morning, with Germany's DAX down by 0.2% but France's CAC up by 1.25%. The Italian FTSE MIB was up by 1.8%, and Spain's IBEX was just ahead, up by 0.1%.
In London, the FTSE 100
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Roland Head owns no shares of the companies mentioned. The Motley Fool owns shares of Amazon.com, Starbucks, and Facebook. Motley Fool newsletter services have recommended buying shares of Amazon.com, Facebook, Chevron, and Starbucks. Motley Fool newsletter services have recommended writing covered calls on Starbucks. 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.
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