Global Newsbrokers Stockmarket Service
Wall Street preview at13:51:02
WALL STREET PREVIEW
Thursday, January 13
US stock futures are currently
indicating a softer start in New York
today, with sentiment expected to be
hit by a rising oil price following
yesterday's news of a drop in US crude
inventories.
However, Apple will be a positive
focus as it soars in pre-opening trade
on last night's strong results and
outlook.
Apple beat expectations as its fiscal
Q1 earnings quadrupled to 70c a share
on sales of $3.49bn. The company also
sees EPS this quarter of 40c on sales
of $2.9bn, again ahead of forecasts.
Investors will also have a fresh batch
of economic data to digest today.
Retail sales rose by a stronger-than-
expected 1.2 per cent in December,
while sales excluding autos were up an
in-line 0.3 per cent.
Also released, new weekly jobless
claims rose by 10,000 to 367,000,
which will disappoint the market.
However, import prices fell by 1.3 per
cent in December, which should be more
positive. This was the steepest drop
since April 2003 as the oil price
retreated.
Main index