Spain

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Charles Brown
30 May, 2012 | 10:13 AM
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Breakfast Bites: The market continues to be headline driven, currently dominated by the woes in Europe as concerns that Greece will leave the euro is compounded by Spain’s default risk hitting a record as it tries to recapitalize their banks Mortgage Applications in the U.S. fell last week by -1.3% as record low interest rates failed to lure buyers. The number of Americans signing contracts to buy previously owned homes fell in April by -5.5% as the housing recovery remains uneven. ...
Parasnand Madho
30 May, 2012 | 07:59 AM
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Ahead of the Bell: Dow futures are trading down 95 points and S&P futures are trading down 8 points after rating agency, Egan Jones, downgraded Spain's credit rating for a third time to junk status, as investors worry over the country's banking system which will push borrowing costs to unsustainable levels.  Spain is one of Europe's largest economies, and the ECB is expected to step in and provide the necessary liquidity to stabilize the economy. ...
Courtney Raio
29 May, 2012 | 05:20 PM
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Markets closed higher after hitting a midday level that was slightly negative once the European markets closed.  Domestic markets were trading higher this morning on hopeful reports out of Europe.  Despite disappointing consumer confidence numbers and lackluster Case-Shiller results, markets were able to trade back up into positive territory. ...
Charles Brown
29 May, 2012 | 10:12 AM
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Breakfast Bites: Equities are trading in positive territory this morning, coming off the first positive week in a while as housing prices managed a slight gain and consumer confidence dipped a bit to 64.9 for May. Home prices eked out a gain of 0.1 percent in March, according to the S&P/Case Shiller composite index of 20 metropolitan areas. Economists expected a gain of 0.2 percent. This was the slowest pace in more than a year as lowering borrowing costs and an improving job market gave sales a boost. ...
Parasnand Madho
29 May, 2012 | 08:32 AM
89,800 Views
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Ahead of the Bell: Dow futures are trading up 73 points and S&P futures are trading up 7.7 points as investors feel optimistic ahead of a busy week in domestic economic news and stipulation that Chinese officials are considering a stimulus plan to help boost the company’s economy.  Spanish stocks were under pressure after a 9.8% drop in retail sales was announced over the weekend and questions over the country’s banking system remain a concern. ...
Courtney Raio
25 May, 2012 | 04:40 PM
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Markets spent the day in a gradual decline on continued concern over the financial woes in Europe and questions over Greece’s longevity in the European Union as investors seemed reluctant to buy into the markets ahead of the long Memorial Day weekend.  However, markets did manage to log a positive week. ...