Investors feeling a bit more optimistic by Delia Cruceru

Despite events happened this summer, investors start to be a little more optimistic about the financial markets, and after the calm of the last week. After the central bank has cut its discount rate on August 17, investors and businessmen can rely on the Federal Reserve as a "safety net". The Conference Board reported Monday that after the declines from June, the index of leading economic indicators rose 0.4 percent last month, led by gains in consumer expectations and vendor performance. On Tuesday stocks ended mixed up after the investors were looking for signs that the Federal Reserve may cut interest rates again soon. "I think it's encouraging that we are kind of stabilizing after last week's turmoil," said Alec Young, equity market strategist at Standard & Poor's. "In the short term, people are trading on the Fed cues. The meeting was positive in that Bernanke seemed willing to use all tools available." This Tuesday the Feds might release minutes from its last meeting changing the perspective of Wall Street amid the financial markets. The stocks ended this week with some sharply positive note as economic data are to be released this week one Tuesday from the Conference Board, and one Friday from the University of Michigan. "We saw an extreme representation of buying opportunities, and this is the snap-back rally," said Marc Pado, U.S. market strategist at Cantor Fitzgerald. "We're powering up, we'll sit at a high point here and we'll probably see some sort of a test (to the downside) next week."

related story: http://news.yahoo.com/s/ap/20070826/ap_on_bi_ge/wall_street_week_ahead;_ylt=AnPjbGHLb3QNx59cnDtUxU.s0NUE

by Delia Cruceru for PocketNews (http://pocketnews.tv)

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