Angus Campbell Trading Quotations

Earnings are very much the focus of trading as we continue this week, the busiest of the season. Investors want to see that US corporations are still providing returns for shareholders in the face of rising commodity prices.

The story of the morning is GM. Their stock is trading a lot lower in Europe, indicating that they will decline by about a dollar when they open up and that has affected the futures. This news could eradicate any good coming out of the corporations reporting today.

It would seem that the up and coming earnings season may not be the centre of attention as concerns over the price of oil hitting record levels is dominating trading sessions at the moment.

Now market participants are saying that investors should expect range bound trading to continue into next week when the Fed makes its interest rate decision.

Apple's poor figures after the bell last night mean that the U.S. futures point to a negative start for U.S. equity indices this afternoon ... Apple is trading in Europe around 3.22 euros lower, indicating a decline of $4 when U.S. markets open later,

The market's attempt to trade through 10,490 twice on Monday has given sellers a good opportunity to dominate the last couple sessions as the Dow is clearly struggling at this top end of its current trading range.