Thursday, January 21, 2010

The Market On Thursday

At 8:10 a.m. futures are ever so slightly up.

Goldman Sachs is expected to post its fourth quarter results any second now. If the market is influenced by that particular report expect to see a day of gains. But its not usually that simple.

Regardless, China is weighing on investors minds. The Chinese government is changing its bank lending practices. The concern is that this change will affect the alleged recovery, seen by many as still in its infancy. The days of the next to zero interbank lending rate is coming to an end in China.

CNN: Flat open seen for stocks
...investors continued to worry about China and awaited results from Wall Street giant Goldman Sachs.

A weekly report on jobless claims comes out at 8:30 a.m. ET.

Initial jobless claims are expected to have totaled 440,000 in the week ended Jan. 16...
Reuters: Stock futures higher ahead of Goldman earnings, data
China easily beat its 2009 growth target after a blistering performance in the fourth quarter that forms a powerful springboard for it to jump over Japan this year to become the world's second-largest economy.

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