From The Trading Floor; Equities are trading in measured territory this morning as a little geopolitical unrest and apprehension before the Fed Chair’s speech have traders adopting a wait and see attitude
Janet Yellen addresses the Kansas City Fed Economic symposium in Jackson Hole at 10:00 this morning
ECB President Draghi also speaks today after Chair Yellen at 2:30 pm
Gap reports Q2 EPS 75c, consensus 69c Reports Q2 revenue $3.98B, consensus $3.96B.
Salesforce.com reports Q2 adjusted EPS 13c, consensus 12c. Reports Q2 revenue $1.32B, consensus $1.29B
The U.S. has indicated that it will be expanding its international campaign to combat extremists of the Islamic State, and will likely extend its fight from Iraq into neighboring Syria. The Obama administration has outlined several different fronts to combat ISIS, including continued airstrikes, support for the new Iraqi central government and influencing Persian Gulf states to halt the funding their citizens may be providing the extremist forces.
Ukrainian authorities said 90 trucks from a Russian aid convoy had crossed into Ukraine without permission and Ukraine's state security chief said the move amounted to a "direct invasion" by Russia.
In an emergency hearing held yesterday due to Argentina's newly proposed debt swap, Judge Thomas Griesa declared that the attempt to dodge his rulings was "lawless", but stopped short of finding the country in contempt of court.
CEO of the Japan Exchange Group, Atsushi Saito, says he supports the proposal for longer trading hours for the exchange and a decision over the long-debated issue will be made this year. Currently, JPX closes its trading day at 3pm, making its 5-hour trading day the shortest among major world exchanges.
Resistance is at 1995 / 1998 with support at 1987 / 1990
