Date: Thursday 17 May 2012
The main US equity futures are now being called to open roughly 0.2 per cent lower. That on the back of reports that Moody´s is to downgrade several Spanish banks this afternoon, and ahead of important macro-economic data releases.
Foremost amongst the latter is the Federal Reserve Bank of Philadelphia´s monthly manufacturing sector survey.
On the company front, and according to a report in a New York Times blog, JP Morgan´s trading losses have recently increased by at least 50%.
Wal Mart is moving higher after reporting comfortably better than expected quarterly earnings.
Agilent Technologies is to buy Dako for $2bn.
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