Pre-market update: 2009-03-02

| 2 March 2009 08:30

We should expect a very negative open to the markets today. The Dow Futures are pointing to an open under 7000, with key support levels to be tested.

As usual, the reason is the financial sector with AIG and HSBC making headlines. AIG reported a record quarterly loss while HSBC is cutting headcount and looking to raise £12.5 billion to shore up its balance sheet.

pre-market-2009-03-02

 

Source
Pre-Market Stock Trading - CNN Money

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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