Markets Rise In Early Trading

The stock market looks to open higher today. This will be an interesting week for Wall Street. Ben Bernanke will give us semi-annual Congressional testimony this week. It’s a two-day affair: tomorrow in front of a Senate committee, and again on Wednesday in front of a House committee. The members of Congress do themselves no favor by asking inane questions.

I’m also curious to see the revision to Q4 GDP. The initial number came in at -0.1%. Thanks to positive trade data, the revision will most likely be positive. GDP could be as high as +1.0%.

In Italy, the markets seem relieved that Pier Luigi Bersani, a former Communist, seems poised to win the parliamentary elections.

Posted by on February 25th, 2013 at 9:35 am

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