LONDON -- The Dow Jones Industrial Average
Companies that may be active in trading today include oil supermajor Chevron, which announced a $2 billion investment program for its Lianzi oil field in Africa on Sunday. Investors may also show interest in General Motors, which has ousted its head of global marketing after less than two years.
Major companies due to report earnings today include Anadarko Petroleum, Eastman Chemical Company, Jacobs Engineering Group and Franklin Resources. Loews reported early this morning with a shock fall in earnings that came in 81% below analysts' expectations, suggesting the company's shares could be actively traded when markets open.
There's no denying that hopes of central bank stimulus and market intervention to ease the eurozone crisis have driven recent market gains. In Europe, all major markets continued to rise this morning, with Italy's FTSE MIB index performing best with a 2.2% gain on the back of a successful bond auction this morning, at which the country managed to sell 10-year bonds at a yield of 5.96% -- down from 6.2% last month and the lowest since April.
Elsewhere, Greece's Athex Composite Share Price Index was also up by 1.8% at 7 a.m. EDT, while France's CAC was up 0.6%, Germany's DAX was up by 0.8%, and Spain's IBEX index was up by 1.8% despite news that Spanish GDP fell by 0.4% during the last quarter.
In London, the FTSE 100
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Roland Head owns shares in HSBC but no shares of the other companies mentioned. Motley Fool newsletter services have recommended buying shares of General Motors and Chevron. 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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