Good morning, friends and Coins2Day readers.
It looks like a strong morning for stocks after a tumultuous week. U.S. Stock index futures are pointing to a higher open. Here’s what else you need to know about today.
1. Yellen could help the markets
Federal Reserve Chair Janet Yellen impacts the markets nearly every time she speaks, but after a crazy week for stocks this week, today’s comments could carry even greater weight. Yellen won’t take questions after she speaks at the Boston Fed this morning, but traders will be looking for any clues in her speech about her thinking on monetary policy. St. Louis Fed President James Bullard helped calm the markets on Thursday by suggesting the Fed should pause winding down its Quantitative Easing policy, which is due to end this month.
2. Trump’s AC future in the balance
A judge will issue a critical ruling today in deciding whether or not the Trump Taj Mahal Casino Resort will be able to stay open. The court will be deciding if the casino can cancel its contract with its union. If the judge says it can’t, the casino is expected to close next month.
3. Carrie Bradshaw would be proud
Jimmy Choo, the famous footwear brand immortalized in Sex and the City, went public in London today. The IPO went at the bottom of the price range, but shares were up in trading, according to The Wall Street Journal.
4. How’s the home market?
August was not such a great month for the U.S. Housing market, but experts are expecting the September numbers released today to be better, with increases in home permits and housing starts. A good number could be soothing to what has been a volatile week on the Street.
5. Europe is looking swell
After a generally bad week, the stock markets are up across the region, with gains seen in Germany, the U.K., France and Switzerland, plus on the Euronext 100. Could these good vibes survive a trip across the ocean blue? We’ll see.
