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Candle Lighting Time for Albany, NY:
Friday, April 28, 2017 7:34 pm

Financial updates

finance-markets16By Benjamin J. Chuckrow
Monday, April 24, 2017 – Stock index futures are rallying higher ahead of the open on Monday. The Dow, S&P 500 and Nasdaq 100 are all trading 1.1% above fair value on GLOBEX.

The major averages are poised to advance sharply following the first round of France’s presidential election. Investors appear optimistic as the market’s favored candidate, centrist Emmanuel Macron, won the first round of Sunday’s vote in France, eliminating leftist Jean-Luc Mélenchon and conservative François Fillon from the race. Macron will face off against anti-E.U. National Front leader Marine Le Pen in the second round on May 7.

In M&A news, C.R. Bard is jumping 19.2% to $301.74 after agreeing to a $24 billion takeover bid from rival Becton Dickinson. Shares of Kimberly-Clark are down 2.6% to $126.62 as the consumer products maker’s first-quarter net sales missed expectations.

European markets are surging near mid-session with the broad Euro STOXX 500 advancing 2.1%. The CAC 40 in Paris is climbing 4.6% amid the French election results. Elsewhere in Europe, Germany’s DAX is gaining 3.1% as German business sentiment rose to the strongest level in almost six years. In Asia, Japan’s Nikkei 225 added 1.4% as exporters benefitted from weakness in the yen. Chinese stocks finished lower with the Shanghai Composite losing 1.4% overnight for its worst session of 2017.

Treasuries are declining with the benchmark 10-year note down 13/32 to yield 2.30%. In commodities, NYMEX WTI crude is adding 0.5% to $49.89/barrel. COMEX gold is losing 1.5% to $1267.60/ounce. In FOREX, the U.S. dollar is retreating 1.2% against the euro.

This information was prepared by or obtained from sources that Wells Fargo Advisors believes to be reliable, but its accuracy is not guaranteed. The report herein is not a complete analysis of every material fact in respect to any company, industry or security. The opinions expressed here reflect the judgment of the authors as of the date of the report and are subject to change without notice. Any market prices are only indications of market values and are subject to change. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Contact your Financial Advisor for additional information.

Benjamin J. Chuckrow

Senior Vice President – Branch Manager
Wells Fargo Advisors, LLC

37 Henry Street ,Suite 201
Saratoga Springs, NY 12866
518-581-5049 , 1-800-581-5196
Fax 518-581-5055  Cell 518-316-3848
ben.chuckrow@wfadvisors.com
www.chuckrow.wfadv.com

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