On July 3rd, NYSE Euronext announced the signature of a cooperation and partnership agreement with the Cape Verde Stock Exchange (BVCV) through its subsidiary Euronext Lisbon.
To sign the date, Manuel Joaquim Lima, Chairman of Cabo Verde Stock Exchange, joined Luís Laginha de Sousa, NYSE Euronext Lisbon CEO, to ring the Closing Bell.
Within the scope of this agreement, NYSE Euronext in cooperation with BVCV will support the development of the capital market in Cape Verde. Amongst other activities, it involves training delivered by Euronext Lisbon as well as receiving BVCV representatives in events either organised or sponsored by the Portuguese Stock Exchange.
Similarly, the agreement foresees the Portuguese Stock Exchange participating in events organised or sponsored by BVCV concerning...
The 15-million-share trading error that didn’t happen – Reuters, MarketBeat, my blog post – Props to Reuters and MarketBeat for picking up on this story, and to Chicago Tribune for carrying the Reuters story. Anyone else? Everybody understandably reports on blowups in trading; I wish that half as many reported on how one such problem was averted.
Breakfast Bites; Stocks are trading in positive territory this morning on better than expected factory orders and vehicle sales easing concerns that manufacturing is faltering
New York Purchasing Managers Index fell slightly in June to 49.7 from 49.9
May Factory Orders rose by 0.7% ex-transport gains 0.4%
May producer prices in the euro zone slowed to the weakest rate in more than two years, falling 0.5% from April
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index edged up 0.2% in the week ended Saturday from the week before on a seasonally adjusted, comparable-store basis.
Vehicle sales are throughout the day with Ford, Nissan, GM and Chrysler beating estimates so far
On Tuesday, July 3, 2012, executives and guests of The Hillshire Brands Company will visit the NYSE to mark the occasion of Sara Lee (NYSE: SLE) becoming two independent pure-play, publicly-traded companies on June 28, 2012.
To mark this special occasion, Sean Connolly, Chief Executive Officer, Hillshire Brands, will ring The Opening BellSM.
The Hillshire Brands Company, the new name for the North American business, will begin trading on the New York Stock Exchange on June 29, 2012 under the ticker symbol “HSH”.
The new name was inspired by the Hillshire Farm brand, which Sara Lee acquired in 1971. Friedrich
(Fritz) Bernegger founded Hillshire Farm in New London, Wis., and his entrepreneurial spirit lives on in the company to this day.
Ahead of the Bell: Dow futures are trading up 3 points and S&P futures are trading up 2 points on investors optimism that the recent string of bad global macro economic data will spur central banks around the world to take fresh policy action to jump start their economies. The ECB will be in focus today, as the central bank is expected to announce a rate cut and some form of monetary easing at its policy meeting on Thursday.
On the economic calendar today, May Factory Orders are due out after the market opens; a 0.1% increase is expected compared to a 0.6% drop the month prior. Total vehicle sales will also be reported; 13.90 million is expected, up from the prior reading of 13.73 million. The dollar is up against the British pound and down against the euro and the Japanese yen. Gold is trading at $1,608. Crude oil is currently trading at $85 a barrel.
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