Greece

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Parasnand Madho
31 May, 2011 | 08:30 AM
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Ahead of the Bell: Dow futures are trading up 102 points and S&P futures are trading up 12 points following reports that the EU is feverishly working on a draft proposal for Greece on a second bail-out package to provide loans and avert a default. Germany, which was against a second relief package for the debt laden country is considering concessions to assist the Euro zone. Also, traders will focus on resource related companies including gold, silver, and copper. Crude oil is currently trading at about $102 a barrel. ...
Courtney Raio
27 May, 2011 | 04:47 PM
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The Dow closed 38 points higher today building a three-day winning streak going into the holiday weekend. Markets were higher on the University of Michigan Consumer Sentiment Report, which reported an increase in consumer sentiment for May, and commodities, which pushed the energy and materials sectors higher. The University of Michigan Survey of Consumer Sentiment reported today that consumer sentiment rose to 74.3, a 0.9 increase from the preliminary May reading of 72.4. Economists had expected the reading to remain unchanged. ...
Parasnand Madho
27 May, 2011 | 08:25 AM
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Ahead of the Bell: Dow futures are trading up 6 points and S&P futures are trading up 2 points. Traders will focus on resource related stocks including gold, silver, and copper.  Crude oil is currently trading at about $100 a barrel.  The Group of Eight leaders meeting in Europe agreed the economic recovery is gaining traction, although higher commodity prices are a concern.  Investors will pay special attention to the PIGS countries (Portugal, Ireland, Greece, and Spain) to see what resolution EU finance ministers agree on to deal with the lingering sovereign debt c ...
Parasnand Madho
26 May, 2011 | 08:17 AM
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Ahead of the Bell: Dow futures are trading up 33 points and S&P futures are trading up 3 points following a report that China might be interested in buying Portugal bail-out bonds.  The EU expected to start selling Portugal debt in about a week.  However, European leaders are yet ready to announce a plan for how to handle Greece's financial woes.  The only two options presently are to allow Greece to default or restructure its existing debt.  Commodities including gold, silver, and copper are trading higher.  Crude oil is currently trading about $100 a barr ...
Courtney Raio
25 May, 2011 | 04:55 PM
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The Dow closed up 38 points today bouncing back after the recent sell-offs, but closed off of the day’s high of +75 points.  Today’s gains allowed the Dow to avoid its first four day losing streak since August. ...
Parasnand Madho
25 May, 2011 | 08:21 AM
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Ahead of the Bell: Dow futures are trading down 13 points and S&P futures are trading down 2 points.  The uncertainty over the Eurozone will drive equity markets today, as EU policy makers are running out of options to avert a Greek debt default.  Investors are concerned if Greece defaults on its debt it will cause a domino effect throughout the region. The next heavily-indebted countries include Portugal, Ireland, Spain, and Italy.  Also, traders are worried global growth is slowing which will affect U.S. GDP. ...