LONDON -- After closing higher on Election Day, stock markets are expected to open broadly flat this morning. As of 7:50 a.m. EST, stock index futures indicate an opening fall of 0.7% for the Dow Jones Industrial Average
Today is another quiet day on the economic calendar, with September's consumer credit figures the only significant piece of data due for release. Elsewhere, the pending Greek parliamentary vote on the country's austerity package could cause a volatile reaction in European and U.S. markets if the vote goes against the government.
Back at home, companies due to report earnings today include CBS, Time Warner, Macy's, and Kraft Foods Group. Health insurer WellPoint has also reported this morning, saying that third-quarter adjusted earnings were $2.09 per share, ahead of the $1.83 forecast by analysts. WellPoint's shares could rise when markets open, as could those of AES, which reported third-quarter adjusted earnings per share of $0.36, up from $0.28 for the same period last year. AES confirmed its previous full-year guidance and announced that it had increased its cost-savings target by $45 million to $145 million and that it plans to repay $225 million of debt.
In Europe, markets have lost their early gains and slipped into the red, partly due to uncertainty over the situation in Greece, where the country's parliament is currently debating the 13.5 billion euro package of cuts that must be approved before the country can receive its next bailout payment. Today's vote is expected to be a preliminary vote; a final vote is not expected until Sunday.
As of 8 a.m. EST, the DAX is down 0.2%, the CAC is down 0.55%, the FTSE MIB is down 1.1%, and the IBEX is down 0.76%. In Athens, the Athex is flat as traders wait for the outcome of the parliamentary vote. In London, the FTSE 100
Billionaire investor Warren Buffett does not invest in gold, but he did recently invest $1 billion in an FTSE 100 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 no shares in any of the companies mentioned in this article. The Motley Fool owns shares of WellPoint. Motley Fool newsletter services have recommended buying shares of WellPoint. 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.
More from The Motley Fool
Scared of a Crash? It's Still Cheap to Protect Yourself
Use a simple strategy to reduce your risk.
Does a Strong Start Make 2018 a Sure Winner for Stocks?
Find out whether the so-called "January effect" is real.
Meet the 2018 Dogs of the Dow
Learn the basics of this simple dividend-investing strategy.