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Parasnand Madho
17 Feb, 2012 | 08:51 AM
73,350 Views
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Ahead of the Bell: Dow futures are trading up 39 points and S&P futures are trading up 2 points on strong earnings and economic data out of China along with optimism Greece is edging closer to securing its second round of bailout funds.  According to reports, if a deal is not reached in time for the March 12 deadline, Germany plans to provide a bridge loan for the debt laden nation to repay bond redemption.  The ECB also plans to swap Greek debt for new bonds after the deal is completed. ...
Parasnand Madho
17 Feb, 2012 | 08:51 AM
73,646 Views
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Ahead of the Bell: Dow futures are trading up 39 points and S&P futures are trading up 2 points on strong earnings and economic data out of China along with optimism Greece is edging closer to securing its second round of bailout funds.  According to reports, if a deal is not reached in time for the March 12 deadline, Germany plans to provide a bridge loan for the debt laden nation to repay bond redemption.  The ECB also plans to swap Greek debt for new bonds after the deal is completed. ...
Parasnand Madho
16 Feb, 2012 | 08:56 AM
73,556 Views
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Ahead of the Bell: Dow futures are trading down 38 points and S&P futures are trading down 6 points following another delay in Greek debt talks over rescue funds, aimed at avoiding a messy default.  The banking sector will be in focus today, after Moody's Investor Service warned it might cut the credit ratings of 17 global banks including JPMorgan, Goldman Sachs, and Bank of America, as the situation in Europe deteriorates. ...
Parasnand Madho
9 Feb, 2012 | 08:59 AM
69,234 Views
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Ahead of the Bell: Dow futures are trading down 7 points and S&P futures are trading down 2 points after China reported January inflation data rose unexpectedly, which could force the government to alter course on its monetary policy.  Analysts were anticipating a cut in the bank reserve requirement ratio, but the recent inflation data could have eliminated the expectation.  Reports suggest Greece is close to a deal, the only sticking point remaining is pension reform, as leaders head to a meeting with the ECB in Brussels.  ...
Parasnand Madho
6 Feb, 2012 | 08:57 AM
66,815 Views
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Ahead of the Bell: Dow futures are trading down 27 points and S&P futures are trading down 4 points. Congratulations to the New York Giants for beating the New England Patriots in Super Bowl XLVI.  What an awesome game!  Europe will be the market focus, as today is the deadline for Greece to advised the EU that it will accept stricter austerity measures and implement fiscal reforms. The government is expected to provide details for recapitalizing the banks, stabilizing the pension funds, and reducing wages to boosts growth.  ...
Parasnand Madho
3 Feb, 2012 | 08:59 AM
64,997 Views
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Ahead of the Bell: Dow futures are trading up 21 points and S&P futures are trading 2 points. Greece is dominating the headlines again and currently negotiating with the troika (EC, ECB, and IMF), to receive its next round of rescue funds.  The country reached a tentative agreement with private bondholders on an existing debt swap and also said its 2011 budget deficit will be smaller than expected, both of which could help negotiations this weekend.      ...