GFT’s David Morrison Discusses US Equities Monday Morning Open
by Trader Rich
AHN quotes David as he talks about recent economic news in relation to banks
In the AHN article Banks To Remain In Focus As Wall Street Stocks Remain Weak the confidence investors have in banking firms is discussed.
David Morrison was quoted:
"Equities in the US look like opening weaker today as traders spent the weekend digesting recent economist news," David Morrison, CFD Market Strategist at London-based GFT, said today.
He added, "With the unemployment rate hitting levels not seen for over 20 years, the announcement of the 37th bank failure in 2009 and news that credit card delinquencies rose by 11% for the 1st quarter, investors are starting to take some off the table."
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