Future anticipate the sixth consecutive day down. Lack of confidence is evident waiting for the December retail sales data and joins with a disappointing results season premiere and the uncertainty generated by accounts that have yet to be submitted.
Operators expect another diagnosis. One fact to make the situation of the US economy. And they are not optimistic. You know that the State of health of the world’s first economy renquea and are aware that the month sales star – December – has been quite weak, so do not have too many hopes in the retail sales data. And this feeling moved to the market New York 8–10 red.
The consequences of the Alliance between Citigroup and Morgan Stanley also lastra the mood of investors who leave 8.346 points the Dow Jones futures to descend a 0.73%, the Standard & Poor’s 500 are 0.85% to 861,20 points, while those of the technological Nasdaq point 1.21% down to 1.190,50 points.
The agreement between Citi and Morgan Stanley is precisely the corporate matter star of the day. It is not for less. Strong pressure from regulators forcing Citigroup to reinvent itself. It will separate the corporate banking for large clients in the retail and used the business no longer considered fundamental.
An important step that the market has in mind and fears. Operators react to releasing the giant financial role, leaving Citi losing more than 2.5%, while Morgan Stanley fixes around 3.5%.
Cargill – one of the most powerful food companies in the world – also draws attention after strong gains, which shows how used legally privileged information to thrive in their core business of agricultural Exchange.
One that today could not miss currently stock is Yahoo! has decided to recruit Carol Bartz, former head of the Autodesk software company, as new President Executive putting their fate in the hands of a veteran Silicon Valley Executive as the company struggles to recover. Their titles are targeted, shortly before the opening, slightly more than 3%.