Scottsdale Futures and Options Limited Conducts Analyst's Briefing

London, United Kingdom (PressExposure) March 21, 2009 -- Scottsdale Futures and Options Limited recently conducted their monthly Analysts Briefing for the month of March. The company's financial analysts raised vital points that they think will affect the company's operation and financial status. Some of the things discussed are as follows.

They stated that U.S. stock index futures pointed to a flat to higher open on Wall Street on Tuesday, after Alcoa slashed its dividend and issued a plan to raise cash, and ahead of the Federal Reserve's two-day policy-setting meeting.

It was also raised that at 0910 GMT, futures for the S&P 500 SPc2 were flat, Dow Jones DJc2 futures were up 0.2 percent and Nasdaq 100 NDc2 futures were up 0.6 percent.

According to West Borland European shares fell in early trade on Tuesday, snapping a five-day winning streak, with banks and mining shares trimming recent lofty gains [.EU], while Asian stocks gained ground overnight, with the Nikkei average .N225 rising 3.2 percent [.T].

Borland also discussed the financial status of some of the companies that will affect Scottsdale Futures and Options Limited's financial status.

Alcoa Inc (AA.N) shares traded in Frankfurt (ALU.F) were down 12 percent after it said on Monday it would slash its dividend, issue stock and convertible notes worth about $1.1 billion and trim its 2010 spending to help weather the steep downturn in aluminium demand. [ID:nN16536634]

On the macro front, investors were bracing for U.S. data on housing starts in February, as well U.S. monthly price producer data. The focus will also be on a two-day U.S. Federal Reserve meeting starting later in the day.

The Fed, which has slashed interest rates to revive the economy, has considered the purchase of long-dated government debt as an additional measure, but a number of policymakers have sounded sceptical about the idea and few Fed watchers expect such a move this week. [ID:nN16520160]

The two-day policy-setting meeting will conclude with a statement around 1415 ET/1815 GMT on Wednesday.

In corporate news, Walt Disney Co. (DIS.N) has put an expansion of its Hong Kong theme park on hold after failing to agree with the city's government on a cash infusion, the company said on Tuesday.

The briefing ended in the discussion on U.S. stocks fell on Monday after American Express Co (AXP.N) said the number of people struggling to make credit card payments grew, erasing earlier optimism that banks could return to profit in the downturn.

About Scottsdale Futures and Options Limited

From its roots as a trading company in Geneva, Scottsdale Futures and Options Limited is now a global commodities trader with clients all over the world.

Just as important as our outstanding reputation as a first-class futures trading firm: we have been building a strong brand since 1957, now expanding to Europe with our new office in London, United Kingdom.

Finally, the strength of our capital base allows us to maintain a long term focus in a market environment that is all too often not looking beyond the short-term.

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Press Release Submitted On: March 18, 2009 at 11:36 am
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