EU

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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 ...
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. ...
Parasnand Madho
24 May, 2011 | 08:24 AM
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Ahead of the Bell: Dow futures are trading up 38 points and S&P futures are trading up 4 points.  Traders will focus on the Euro zone again following steep losses yesterday on downgrade of Greek debt.  Financial markets are on edge after Moody's warned a Greek debt default would have wide implications on other EU countries including Italy. ...
Parasnand Madho
16 May, 2011 | 08:32 AM
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Ahead of the Bell: Dow futures are trading down 25 points and S&P futures are trading down 3 points. ...
Parasnand Madho
13 May, 2011 | 08:33 AM
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Ahead of the Bell: Dow futures are trading up 13 points and S&P futures are trading up 2 points after Germany and France showed higher than forecasted economic growth as a result of higher exports fueled by domestic spending.  However, traders will be focusing on a report by the IMF which warned that the European debt crisis could spread to core EU countries and other emerging nations.  Commodities are trading higher including gold, silver and copper.  Crude oil is currently trading about $99 a barrel. ...
Parasnand Madho
4 May, 2011 | 08:11 AM
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Ahead of the Bell: Dow futures are trading down 17 points and S&P futures are trading down 2 points following an agreement among Portugal, the IMF, and the European Union on a bailout package for the debt laden nation.  Portugal's caretaker President Jose Socrates, agreed to a three-year 78 billion euros bailout plan with the EU and IMF, subject to the opposition party's approval.  Also, commodities related companies will be in focus today as gold and silver are trading lower.  Reports indicate, silver is down 15 percent since last Friday. ...