Better GDP Number Will Boost Demand for Risk Assets
Stock Index futures are pointing higher this morning as speculators brace for the U.S. Gross Domestic Product Report which is expected to show that the recession eased during the second quarter. Today’s report is expected to show a second quarter decline of 1.5% versus a drop of 5.5% in the first quarter. The slowdown in the decline of the GDP is a sign that the recession is easing and could prompt traders to buy equity futures as appetite for risk assets is likely to
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