Market movers today 11/07/2014 06:03:00
Quotes from Danske Bank:
-With a very light calendar focus will be on the fate of Banco Espirito Santo (BES) in Portugal. A statement from BES issued last night is expected to pave the way for resumption of trading in the BES stock today.
-There is a number of Fed speeches in the calendar in connection with a Fed-organised conference in Jackson Hole. Super-hawk Charles Plosser (voter, hawk) will moderate a debate this afternoon and Charles Evans (non-voter, dove) and Dennis Lockhart (non-voter, hawk) will be speaking about monetary policy this evening. Lockhart and Evans are interesting because they will be voting members of FOMC next year.
-The Q2 earnings season picks up pace with the first major financial company, Wells Fargo, reporting Q2 earnings before US markets open today.
