EU

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Parasnand Madho
19 Jul, 2011 | 08:18 AM
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Ahead of the Bell: Dow futures are trading up 79 points and S&P futures are trading up 8 points after IBM reported better than expected second quarter results at the close yesterday and raised its guidance for the remainder of 2011. Investors will focus on a Euro zone summit to be held on Thursday. Traders are hoping EU finance ministers will agree on how private investors will participate in the second round of Greek bailout and avoid the debt crisis from spreading to Italy and Spain. The equity market seems to be anticipating the debt ceiling will be raised and the U.S. ...
Parasnand Madho
12 Jul, 2011 | 08:21 AM
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Ahead of the Bell: Dow futures are trading down 29 points and S&P futures are trading down 5 points. Traders are concerned the Euro zone sovereign debt crisis will spread to other member countries. EU finance ministers have promised to allow cheaper loans with longer maturities and more flexible rescue funding so Greece and other European countries including Spain and Italy can avoid defaulting.  Investors are skeptical as reports indicate several small Spanish banks have failed. Resource related stocks will be in focus today including gold, silver, and copper. ...
Parasnand Madho
7 Jul, 2011 | 08:27 AM
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Ahead of the Bell: Dow futures are trading up 22 points and S&P futures are trading up 3 points despite the ECB raising interest rates from 1.25% to 1.50%. This is the second increase in rates during Europe’s lingering sovereign debt crisis. Ratings agencies, Moody's and S&P, have downgraded Portugal and Greece in recent days to junk status. EU officials have pushed back against the downgrades and traders are speculating the EU will step in and minimize the impact of the ratings agencies. ...