Futures rise on rate-cut optimism (Reuters)

By Pete Southern in Uncategorized | September 24, 2007 14:00 |

Futures rise on rate-cut optimism (Reuters)

Traders work on the floor of the New York Stock Exchange, September 19, 2007. Stock futures indicated a strong market open on Monday, extending the previous week's gains, with General Motors in focus as the struggling automaker faces the prospect of its first strike in almost a decade. (Brendan McDermid/Reuters)Reuters – Stock futures edged higher on Monday as investors bet the Federal Reserve would cut interest rates further to forestall the impact of the housing slump on the economy.



Source: news.yahoo.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.



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