Economic Calendar

Wednesday, September 24, 2008

U.S. futures up; eyes on Bernanke, Paulson, Goldman

Share this history on :

* Dow Jones futures DJc1 up 1.2 pct, S&P 500 futures SPc1 up 1.4 pct, Nasdaq futures up 1.3 pct by 0840 GMT.

* Fed Chairman Ben Bernanke Congress testimony on the U.S. economic outlook at 1400 GMT; Bernanke and Treasury Secretary Henry Paulson testimony before the House Financial Services Committee on the $700 billion bailout plan at 1830 GMT.

* Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) shares up 19 percent in Frankfurt (GS.F: Quote, Profile, Research, Stock Buzz) by 0840 GMT after news that Warren Buffett to invest $5 billion in the Wall Street bank.

* S&P 500 companies reporting: Paychex (PAYX.O: Quote, Profile, Research, Stock Buzz) Q1, Bed Bath & Beyond (BBBY.O: Quote, Profile, Research, Stock Buzz) Q2.

* U.S. economic data: August existing home sales at 1400 GMT.

For Tuesday's Wall Street report, see [ID:nN23414971]

For the latest central bank action, see [ID:nSP163976]

For more on the bailout and Goldman Sachs, see [ID:nHKG43245] (Reporting by Peter Starck; Editing by David Cowell)




No comments: