London - January 15, 2013 (www.investorideas.com newswire) ETX Capital US stocks have opened a touch lower today with the DJIA falling to around 6 points lower at the open and the S&P500 roughly 1 point below. Look out for the US retail sales figures, as well as the Empire Manufacturing index. Both are expected to show a decent improvement versus the last month, supporting the claims made by Ben Bernanke, chief of the Federal Reserve, last night in Michigan. Bernanke’s summary was that the job market and the economy was showing signs of light acceleration.
This may only serve as a short term distraction for the financial markets, as the issue of the debt ceiling still hangs over the long term future. Any effect from today's announcements might be gone pretty quickly as a result of the political wrangling in Washington, which is leading to surrounding uncertainty that could put a block on any meaningful movement to the upside. Furthermore, several big hitters come into the Earnings Season fray tomorrow, such as Goldman Sachs, eBay and JPMorgan.
Today saw SAP's earnings announcement. Despite record profits in SAP's full year earnings and in Q4, it should be pointed out that the company's revenues and profits fell short of their estimates. Slowing growth in the USA is the chief protagonist for these missed estimates, although these numbers can still be considered as very solid.
2012 looked increasingly more like a success story to SAP when you consider that they have outperformed arch-rival Oracle for the year. SAP's flagship HANA Software also performed very well in 2012, with it posting triple digit growth and beating company and speculators' estimates alike.
Despite this, many had hoped that SAP would beat estimates in their earnings last month, especially after rival Oracle managed to. The result is that, despite a very impressive year for the company, investor sentiment has seen the company's shares being dumped due to this missed estimate.
ETX Capital provides institutional, high net worth and retail customers based in Europe and other geographies with multi-asset and multi-market derivative dealing capability through CFDs and spread betting products. The firm delivers unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality, innovative products to web and telephone clients and highly competitive pricing.
ETX Capital is the trading name of Monecor ( London) Limited, company number 00851820. Monecor (London) Ltd is Authorised and regulated by the Financial Services Authority, registration number 124721, a member firm of the London Stock Exchange and was established in 1965.
Disclaimer: The following news is paid for and /or published as information only for our readers.Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All Investment involves risk and possible loss of all investment. Disclaimer in full, Investorideas.com Disclosure Please read individual disclosures for featured stocks.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info