Analysis for Short Term Option Trading!
A better-than-expected Spanish bill sale boosted confidence before a longer-term debt auction later in the week. Spanish debt yields have jumped recently on concerns about the nation's fiscal stability in the latest flare-up of the euro-zone debt crisis.
Asian shares fell as surging Spanish borrowing costs underscored the fading impact of the European Central Bank's bond purchases and stoked investor nervousness over euro zone debt woes, sapping their risk appetite.
Foreign direct investment in China dropped for a fifth straight month in March on a slowing economy, limited prospects for gains in the yuan and renewed concerns that Europe's debt crisis will worsen.
Inbound investment fell 6.1 percent from a year earlier to $11.76 billion, the Ministry of Commerce said today in Beijing, after a 0.9 percent decline the previous month and a 32.9 percent jump in March last year.
Stock index futures rose on Tuesday, indicating the S&P 500 may snap a two-day drop, as investors focus on a slew of corporate earnings and Spanish bond yields dip.
Goldman Sachs Group Inc reports first-quarter results on Tuesday, and Wall Street forecasts earnings per share of $3.55, up from $1.56 per share year earlier, bolstered by write-ups of stocks and bonds in Goldman's investment portfolio and market-making book.
Coca-Cola Co , the world's largest soft drink maker, is expected to report quarterly earnings of 87 cents per share.
Yahoo Inc is also due to unveil earnings, but the report may be overshadowed by comments from its new chief executive, Scott Thompson, who is expected to lay out his vision for the struggling web pioneer.
Tech bellwethers IBM (IBM) and Intel (INTC) are due to report Q1 earnings after the close today, with IBM's EPS expected to have grown to $2.65 from $2.41 last year and revenue to have edged up 0.7% to $24.77B. Intel's EPS is seen falling to $0.50 from $0.56 and its revenue slipping 0.1% to $12.48B as the moderate growth in the PC market continues to weigh.