Ion-Marc Valahu answers Bloomberg – 23.06.2014
“We will get some important pieces of data in the U.S.
with the PMI manufacturing and the home sales,” Ion-Marc
Valahu, a co-founder and fund manager at Clairinvest in Geneva,
wrote in an e-mail. “This will be closely watched. Investors
are hoping that the U.S. data will show an improvement from
prior months.”
(BN) U.S. Stock-Index Futures Little Changed After S&P’s Weekly
Gain
+——————————————————————————+
U.S. Stock-Index Futures Little Changed After S&P’s Weekly Gain
2014-06-23 10:00:16.356 GMT
By Jonathan Morgan
June 23 (Bloomberg) — U.S. stock futures were little
changed, after the Standard & Poor’s 500 Index closed at a
record, as investors awaited reports on manufacturing and home
purchases in the world’s biggest economy.
Twitter Inc. dropped 0.5 percent in early New York trading
as one of its executives meets a Russian government official to
discuss internet regulation. Advanced Micro Devices Inc. lost
2.4 percent as Pacific Crest Securities LLC downgraded the
shares. Citigroup Inc. fell 1.2 percent in Germany after
Mexico’s attorney general said his office has obtained arrest
warrants for officials at the bank.
Futures on the S&P 500 expiring in September advanced 0.1
percent to 1,955.6 at 10:55 a.m. in London. The equity gauge
rose 1.4 percent last week, the most in two months, closing at
an all-time high of 1,962.87. Dow Jones Industrial Average
contracts rose 14 points, or 0.1 percent, to 16,872 today.
“We will get some important pieces of data in the U.S.
with the PMI manufacturing and the home sales,” Ion-Marc
Valahu, a co-founder and fund manager at Clairinvest in Geneva,
wrote in an e-mail. “This will be closely watched. Investors
are hoping that the U.S. data will show an improvement from
prior months.”
A Markit Economics report at 9:45 a.m. New York time will
show a measure of U.S. manufacturing growth declined to 56 in
June from 56.4 in May, according the median forecast of
economists in a Bloomberg News survey. A reading above 50
signals expansion.
Home Sales
A National Association of Realtors release at 10 a.m. will
show that sales of previously-owned U.S. homes climbed to a 4.74
million annualized rate in May from a 4.65 million rate the
previous month, according to economist projections.
Twitter fell 0.5 percent to $39.04. Vice President of
Global Public Policy Colin Crowell is meeting an official to
discuss the Russian government’s new internet laws. The Izvestia
daily reported last month that Russia may block Twitter if it
violates local rules.
AMD lost 2.4 percent to $4 in New York. Pacific Crest
downgraded the maker of processors for personal computers to
underperform, similar to a sell recommendation, from sector
perform.
Citigroup fell 1.2 percent to $46.79. Attorney General
Jesus Murillo told Mexican senators on Friday that the people
sought “are not minor.” He didn’t say if they are still
working for the bank. The U.S. lender said May 14 that it fired
11 people amid a probe into loan fraud involving Oceanografia
SA, a provider of services to the national oil company,
Petroleos Mexicanos.
Lululemon Athletica Inc. rose 1.7 percent to $40.90 in
early New York trading as the yoga-clothing maker said it is
working to improve its product line and improve value for
shareholders.
For Related News and Information:
Developed Markets View: DMMV
World Stock Indexes: WEI
S&P 500 Market Map: SPX IMAP
Top Stories on Stocks: TOP STK
Equity Screening: EQS
Graphing: GRAPH
Feature Stories on Stocks: TNI STK GREET
To contact the reporter on this story:
Jonathan Morgan in Frankfurt at +49-69-92041-207 or
jmorgan157@bloomberg.net
To contact the editors responsible for this story:
Cecile Vannucci at +44-20-3525-7032 or
cvannucci1@bloomberg.net
Alan Soughley