US stocks were poised to open higher Monday after last week's
sell-off which saw the major indices down 2% on Friday. Both
European and Asian markets were in the red Monday as jittery
investors continued to flee emerging markets amid signs of slower
Later this morning, December new home sales are expected to have
dropped another 1.9% from November after having declined 2.1% in
November. Nevertheless, new home sales have risen significantly
from the July low.
In equities, Caterpillar (
) jumped over 7% as Q4 earnings topped expectations and as it
announced a new $10 billion stock buyback program. Ariad
) was set to gain for a fourth session, adding another 2% pre-bell,
amid takeover speculation. Meanwhile, cable operator Liberty Global
) shed 1.10% after agreeing to buy Dutch cable operator Ziggo for
stock and cash valuing it at $10 billion euros ($13.7 billion.)
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.