April 26, 2010
Stocks, Gold Set to Open Higher
U.S. equity markets are trading higher overnight. On Friday tensions eased in Greece after the country formally asked the European Union and the International Monetary
Fund for bailout loans. This helped drive the stock indices to their highest levels of the year. Although the Euro is trading lower this morning, the situation looks a little brighter as investors
still feel confident in holding higher risk assets.
Low interest rates in the U.S., decent economic reports and better than expected earnings continue to support the rise in equities. Now that earnings season is coming to
an end and interest rates are expected to remain low for a prolonged period, the emphasis will shift toward U.S. economic reports. Traders are going to want to see improvements in all sectors of the
economy especially housing and employment. Last week’s good news regarding existing home sales and new home sales helped underpin equities.
Stocks are expected to continue to rise as long as there is a bid under …
