Greenback Pares Gains as Fed Takes Small Step to Ease Monetary Policy
Stocks Set to Open Better as Goldman Tensions Ease
U.S. equity markets are called better as tensions have eased regarding Goldman Sachs’ legal problems. Stock traders are also a little more optimistic because of the opening of some air routes in Europe. Technically, all three indices are currently retracing a little more than 50% of the recent decline. This is a key area as the markets are in positions to post secondary lower tops.
U.S. stock indices are trading higher overnight as sovereign debt concerns eased a little over developments ahead of the European Union summit. Last night German Chancellor Angela Merkel said she would back aid for Greece with International Monetary Fund involvement as a “last resort”.
U.S. Equity Markets Soar as Dubai Debt Concerns Ease
U.S. stock index futures soared after Abu Dhabi announced a $10 billion infusion into cash strapped Dubai World. This news helped alleviate some of the concerns that have been holding back the rally in equity markets since the Dubai debt news broke in late November. December E-mini Dow futures rallied to a new high for the year.