U.S. equity futures are lower this morning in the wake of the overnight Chinese rate hike.
Overnight, several big Xstrata reported in London with a much improved 2010 profit. ArcelorMittal, the steal maker, disappointed. Disney will be posting its results after the closing bell.
Here is a brief roundup:
- Coventry Health beat earnings estimates
- Sara Lee and Avon Products missed market earnings estimates
PROFIT DROP: UBS came in with lower-than-expected Q4 profits but it expects investment banking to grow this year
EARNINGS WATCH: Disney is expected to report first-quarter earnings of $0.56 a share after the closing bell
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