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Friday, June 15, 2012

Dow Bullish on Stimulus Hopes

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iPad mini (Photo credit: patrick-allen)
Dow Bullish on Stimulus Hopes. LONDON — The Dow Jones Industrial Average (INDEX: ^DJI ) is expected to open higher this morning as traders' hopes of further central bank stimulus rise. Last night, the Bank of England announced new measures and central banks across the world have confirmed they are ready to act if necessary following this Sunday’s Greek elections.
At home, markets will be hoping for some positive economic data after yesterday’s disappointing jobless claims data. Due this morning are the Empire State Index for June, May’s industrial production and capacity utilisation data, and the latest UMich consumer sentiment index, but these relatively minor data are likely to be overshadowed by developments (if any) in Europe.
In London trading this morning, U.K. banks and oil shares were lifted strongly by Bank of England Governor Mervyn King’s announcement last night that two new stimulus measures would be introduced, ... Continue to read.
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