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Jul 4, 2011

Reuters - Daily Investor Update: World stocks at 4.5 week high, risk back in favor


News
LATEST NEWS
World stocks at 4.5 week high, risk back in favor
LONDON (Reuters) - World stocks hit a 4-1/2 week high on Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth. | Full Article

Moody's says not involved in Greek rollover talks
July 04, 2011 03:51 PM ET
ATHENS (Reuters) - Moody's is not involved in talks on a Greek debt rollover plan and will only make its views known once there is a final decision on it, the ratings firm said on Monday after Standard and Poor's warned about the plan. | Full Article
Markets anticipate Nasdaq/LSE tie-up after TMX flop
July 04, 2011 09:16 AM ET
LONDON, Jul (Reuters) - The London Stock Exchange should consider a tie-up with Nasdaq OMX to secure its place as a global competitor, after its failed bid for Canadian group TMX made it vulnerable as a takeover target, investors and market participants said. | Full Article
Ireland signals bigger cut in 2012 budget deficit
July 04, 2011 03:34 PM ET
DUBLIN (Reuters) - Ireland's finance minister signaled on Monday that the government would make a larger budgetary adjustment of 4 billion euros ($5.8 billion) in 2012 despite being confident of meeting this year's fiscal goals under an EU-IMF bailout. | Full Article
EU sees delays in derivatives, short-selling rules
July 04, 2011 01:48 PM ET
STRASBOURG, France (Reuters) - European Union rules to tighten derivatives rules won't be agreed until at least the early autumn, as a global crackdown on the opaque sector faces delays on both sides of the Atlantic. | Full Article

US TOP NEWS
Casey Anthony murder case goes to jury in Florida
July 04, 2011 01:35 PM ET
ORLANDO, Florida (Reuters) - The jury in the first-degree murder trial of Casey Anthony began deliberations on Monday afternoon as the trial entered its seventh week with no break for the Independence Day holiday. | Full Article
Stunning Thai election win brings hope of stability
July 04, 2011 08:56 AM ET
BANGKOK (Reuters) - Thailand's powerful military accepted Monday a stunning election victory by the party of fugitive former Prime Minister Thaksin Shinawatra, adding to a new sense of stability in a country plagued by unrest since his ouster in a 2006 coup. | Full Article
Hackers falsely claim Obama dead on Fox Twitter feed
July 04, 2011 03:00 PM ET
WASHINGTON (Reuters) - Hackers took control of a FoxNews.com Twitter account on Monday and sent six false tweets saying that U.S. President Barack Obama had been shot dead, prompting an investigation by the Secret Service. | Full Article
Singing Chavez makes surprise return to Venezuela
July 04, 2011 03:53 PM ET
CARACAS (Reuters) - Venezuela's ever-theatrical President Hugo Chavez made a surprise homecoming on Monday after cancer surgery in Cuba and declared himself "fine" despite speculation he may still require lengthy treatment. | Full Article
S&P warning adds default threat to Greece's bailout
July 04, 2011 03:26 PM ET
ATHENS (Reuters) - Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs. | Full Article

CBS News: Political Hotsheet Top Stories: Pawlenty raises $4.2 million in 2nd quarter

The CBS News Political Hotsheet newsletter
CBS POLITICAL HOTSHEET TOP STORIES    



   
Former Minnesota governor falls short of $4.5 million goal; aide says lackluster performance in debate led to slowed fundraising
Read full story
Pawlenty raises $4.2 million in 2nd quarter

Obama recruits more than 400,000 donors At end of first significant fundraising quarter of 2012 election cycle, President Obama has doubled his pace of 2008 campaign

Romney flip-flops on charges against Obama Former Massachusetts governor drops charge Obama made economy worse, says jobs would be his top priority as president

Do July 4th festivities make you Republican? Study suggests July 4 celebrations significantly impact political preferences, increase likelihood of becoming a Republican

Pawlenty: Minnesota shutdown could be a good thing Former Minnesota governor and Republican presidential candidate Tim Pawlenty says his state's shutdown could lead to the state government living within its means

The Economist | Selected New Articles: Thailand Election / Greece and the Euro / British Politics ..... and more




Thailand's election: Winning smile

Greece and the euro: Was it worth it?

British politics: Blaming foreigners for being employable

Belarus: Dark days for the black market

Daily chart: Does your country need you?

The Economist Asks: Will Greece make its austerity plan stick?
Online debate: This house believes that an economy cannot succeed without a big manufacturing base.

Money Show | Daily Investing Alert Will The Rally Continue Tomorrow?

MoneyShow.com®

Investors Daily Alert
Jim Jubak on MoneyShow.com
Enjoy the July Rally While It Lasts
ECB Rate Hike Bad for Dollar

The Week Ahead
Will Stocks and Rates Continue Higher?, Tom Aspray

Today's Top Pros' Top Picks
2 Offshore Plays Yielding 6% or More, Carla Pasternak
3 Picks for Gold's Rebound, Curtis Hesler

Today's Gurus' Views & Strategies
First-Half Winners and Losers, Igor Greenwald
Is the Rally Just Window Dressing?, Jack Adamo

SavageMoney Blog
Patriotism Is Good for Business, Terry Savage

Global Investing Ideas
Perhaps Not the Road to Perdition, Jim Lowell

Today's Featured Videos
Event Driven Opportunities, Hilary Kramer
Simple Fixes for Simple Problems, Steve Forbes

Money Show Traders Daily Alerts: "Perfect" Pattern That Works in All Markets

MoneyShow.com®

Traders Daily Alert
Tips for Traders
"Perfect" Pattern That Works in All Markets, Corey Rosenbloom

Options Idea
The Basics of Double Calendar Spreads, Dan Passarelli

Currency Corner
Forex Trading in the Post-QE2 Era, Kathy Lien

Trading Idea of the Day
5 ETFs to Watch If Muni Bonds Tank, Michael Johnston

MoneyShow.com Exclusive Interviews
Put Bad Trading Habits Under Arrest, Rob Hoffman

Today's Featured Videos
Profiting from Trading International ETFs, Deron Wagner
Learning to Recognize Chart Patterns, Anne-Marie Baiynd

Wrapping Up the First Half with María Bartiromo Investor Brief

Investor Brief
Investor Brief Investor Brief
July 4, 2011
Wrapping Up the First Half

Happy Fourth of July! I hope you are all enjoying the long holiday weekend.
Along with celebrating America’s birth and our country’s freedoms, we’re also entering the second half of the year. After a rough May and June, the markets certainly finished the first half of 2011 with a bang. Last week ended up the best week in two years for stocks.
So here’s where we stand at the midpoint of the year:
  • S&P 500: +5.0% in the first half; -0.4% in the second quarter.
  • Dow: +7.2% in the first half; +0.8% in the second quarter.
  • Nasdaq: +4.5% in the first half; -0.3% in the second quarter.
Those numbers are better than a lot of people would have guessed a few weeks ago, thanks to last week’s strength. A variety of factors came together to boost the markets — temporary relief over Greece’s debt problems with the new austerity measures and payment, a few better-than-expected economic data points (like today’s report on manufacturing activity), and quite probably a technical bounce from oversold conditions.
How long it will last is the real question.
The soft patch in the second quarter changed the expectations of many analysts and corporate leaders for the second half of the year. The next earnings reporting season is a little over a week away, and second-quarter results will be key to how the market does. Everyone will be watching to see if last quarter’s earnings were impacted by the soft patch and whether guidance for the rest of the year also gets reduced.
I am hearing from an increasing number of people who are now a little more optimistic that the second half of the year will have a snap back. Some cite the normalization of the Japanese economy in the next six months, which would certainly benefit auto and electronics industries around the globe. Also, many analysts expect oil prices to stay relatively low through the second half of the year, which helps consumers at the pump as well as the costs of production for many goods and services.
Still, other investors are a bit more skeptical. They see a weak Europe, a slowing China and a fragile U.S. that could weigh on the market in the second half.
Given the fragile state of the markets and the economy at this point, many traders I talk to believe the Federal Reserve will continue to help stimulate the economy in some fashion — even if it doesn’t have a fancy name like QE2. That ended last Thursday, and there’s a real question as to what happens now that the Fed has quit buying bonds.
I’ll be following these second-half stories closely right here in Investor Brief. In the meantime, enjoy the rest of your holiday weekend!
Sincerely,
Maria's signature

CBS NEWS | Daily news Summary: Bill Clinton to Obama: Don't blink Says debt ceiling must be raised....

CBS News.com - Daily News Summary
July 04, 2011 | DAILY NEWS SUMMARY
CBS NEWS TOP STORIES
Prosecutors to respond to defense in case against Fla. mother accused of killing 2-year-old daughter before deliberation begins
Read full story
Casey Anthony trial: Rebuttal, then to the jury
Bill Clinton to Obama: Don't blink Says debt ceiling must be raised, White House should not give in to Republican demands to keep tax breaks for special interests

Exxon tries to downplay Yellowstone oil spill At least 42,000 gallons of oil released; Missouri River threatened by plume; DOT warned Exxon about the pipeline last year

Angry Mladic booted from Hague arraignment Former Bosnian Serb army chief repeatedly interrupts judge; Plea of not guilty entered for him after his removal

Holiday weather forecast: Record heat AND snow The Rockies enjoy massive snow packs; In Phoenix, you could fry a steak on the pavement; Extreme weather dominates Fourth of July

In Canada, royal couple faces protests Prince William and Kate encounter protests from separatist groups during first official overseas trip since wedding   Photos

Exxon tries to downplay Yellowstone oil spill At least 42,000 gallons of oil released; Missouri River threatened by plume; DOT warned Exxon about the pipeline last year

Boat carrying U.S. tourists sinks off Mexico Coast Guard to aid in search for 11 people missing after fishing boat goes down off Baja California peninsula

Bill Clinton to Obama: Don't blink Says debt ceiling must be raised, White House should not give in to Republican demands to keep tax breaks for special interests

RTTNews Forex Market Update

Forex Market Update
Economic News
Standard & Poor’s on Monday warned that Greece's debt rollover plan could shift the ratings into selective default. (Jul 4, 2011) Full Article

Spanish unemployment declined by 67,858 persons or 1.62 percent from a month earlier in June, latest government data showed Monday. (Jul 4, 2011) Full Article

The Bank of Japan on Monday upgraded its assessment for seven out of nine regional economies, citing signs of a pick-up against the background of an easing of supply-side constraints and an improvement in household confidence. (Jul 4, 2011) Full Article

Australia's housing starts may decline 13 percent during the 2010/11 to 2011/12 period, the Housing Industry Association (HIA) said in a report on Monday. (Jul 4, 2011) Full Article

The People’s Bank of China on Monday said inflationary pressure still remains at a high level and vowed to maintain prudent monetary policy. (Jul 4, 2011) Full Article

Forex Top Story
Growth in China's non-manufacturing sector eased to a four-month low in June, fueling concerns that activity in the world's second largest economy is slowing, survey results from the China Federation of Logistics and Purchasing (CFLP) showed Monday. (Jul 4, 2011) Full Article
Retail sales in Australia dropped notably in May, confounding economists expectations for a marginal increase, latest figures from the Australian Bureau of Statistics showed Monday. (Jul 4, 2011) Full Article

UK construction activity eased marginally in June mainly due to slower expansion of new orders, survey results from Markit Economics showed Monday. (Jul 4, 2011) Full Article

Eurozone producer price inflation slowed more than expected in May on easing energy prices, official data showed Monday. (Jul 4, 2011) Full Article
Political News
A top-ranked Myanmarese diplomat serving at Myanmar's Embassy in Washington has defected to the U.S., reports said on Monday. (Jul 4, 2011) Full Article

A high-level conference of five major nuclear-weapons powers that are party to the Nuclear Non-Proliferation Treaty (NPT) has called upon all nations to uphold the moratorium on nuclear weapons tests or any other nuclear explosions. (Jul 4, 2011) Full Article

The European Commission has announced emergency food aid to North Korea as part of its efforts to stave off a major food crisis threatening over half-a-million people in the communist state, reports said on Monday. (Jul 4, 2011) Full Article

The Middle East Quartet urged all those wishing to deliver goods to the people of Gaza to do so through established channels so that their cargo can be inspected and transferred via established land crossings. (Jul 4, 2011) Full Article
The Pheu Thai Party, which won a majority vote in Thailand's general election, has formed a coalition with four smaller parties to form the next government. (Jul 4, 2011) Full Article

Currency Alerts
During Asian trading on Monday, the Australian dollar declined against other major currencies on disappointing domestic retail sales and building approvals data. (Jul 4, 2011) Full Article
The New Zealand dollar climbed against other major currencies on Monday in Asia amid a rise in Asian stocks. (Jul 4, 2011) Full Article
The euro pulled back from its early Monday Asian session's fresh multi-weeks highs against the dollar and the yen as traders sold the single currency after Standard & Poor's warned that Greece's debt rollover plan could shift the ratings into selective default. (Jul 4, 2011) Full Article
General News
China has launched a scientific mission involving various tests using its manned deep-diving submersible which will make a 5,000-meter dive in the Pacific Ocean. (Jul 4, 2011) Full Article

The head of Colombia's Left-wing FARC (Revolutionary Armed Forces of Colombia) guerrilla outfit narrowly escaped death in an air attack carried out by government troops on Sunday, it has been reported. (Jul 4, 2011) Full Article

Bombing on an Egyptian pipeline has cut the flow of gas to Israel and Jordan, reports say. Masked saboteurs with arms carried out the attack at a pumping station at Nagah in the Bir al-Abed region in the northern Sinai Peninsula on Monday. No casualties were reported in the blast that cut the flow of gas, and sent flames and a column of smoke into the sky. (Jul 4, 2011) Full Article
A major military push aimed at snuffing out the threat posed by Tehreek-i-Taliban (TTP) or the Pakistani Taliban has been launched by Pakistani forces in north-western Kurram tribal district bordering Afghanistan, reports said on Monday. (Jul 4, 2011) Full Article

A vast and stunning array of rare earth elements used in many technologically advanced products have been found in the Pacific seabed by a team of Japanese scientists, reports said on Monday. (Jul 4, 2011) Full Article

RTTNews Morning Market Briefing

Morning Market Briefing
Economic News

Growth in China's non-manufacturing sector eased to a four-month low in June, fueling concerns that activity in the world's second largest economy is slowing, survey results from the China Federation of Logistics and Purchasing (CFLP) showed Monday. (Jul 4, 2011) Full Article

Retail sales in Australia dropped notably in May, confounding economists expectations for a marginal increase, latest figures from the Australian Bureau of Statistics showed Monday. (Jul 4, 2011) Full Article

UK construction activity eased marginally in June mainly due to slower expansion of new orders, survey results from Markit Economics showed Monday. (Jul 4, 2011) Full Article

Eurozone producer price inflation slowed more than expected in May on easing energy prices, official data showed Monday. (Jul 4, 2011) Full Article

Stocks at 4-1/2 week high, risk back in favor: Reuters - Before The Bell


News
LATEST NEWS
Stocks at 4-1/2 week high, risk back in favor
LONDON (Reuters) - World stocks hit a 4-1/2 week high on Monday and oil rose as investors grew confident over the prospects for the global economy after Greece avoided an early default on its debt and data pointed to a moderate slowdown in China's growth. | Full Article

S&P warning adds default threat to Greece's bailout
July 04, 2011 07:33 AM ET
ATHENS (Reuters) - Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs. | Full Article
Analysis: Deep fiscal pockets are Asia's ace in the hole
July 04, 2011 07:20 AM ET
SINGAPORE (Reuters) - Reserve-rich Asia can afford to turn on the government spending taps should a recent bout of sluggish economic growth deteriorate into a deeper downturn. | Full Article
China central bank says to stick to prudent monetary policy
July 04, 2011 07:40 AM ET
BEIJING (Reuters) - China's central bank pledged on Monday to keep its "prudent" policy to wrestle inflation under control, but signaled some concerns over slowing growth by stressing policy "stability." | Full Article
Exclusive: Peabody, China and Russia teams chosen in mine bid
July 04, 2011 07:44 AM ET
SHANGHAI (Reuters) - Mongolia chose U.S. miner Peabody Energy , a venture between China's Shenhua and Japan's Mitsui & Co , and a Russian-led consortium as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior government source said on Monday. | Full Article

US TOP NEWS
Stunning Thai election win brings hope of stability
July 04, 2011 06:18 AM ET
BANGKOK (Reuters) - Thailand's powerful military accepted Monday a stunning election victory by the party of fugitive former Prime Minister Thaksin Shinawatra, adding to a new sense of stability in a country plagued by unrest since his ouster in a coup five years ago. | Full Article
Casey Anthony murder case may go to jury Monday
July 03, 2011 09:43 PM ET
ORLANDO, Fla (Reuters) - Tired jurors in the trial of Casey Anthony accused of killing her daughter Caylee decided to rest overnight on Sunday before hearing prosecutors' final arguments and beginning deliberations on Independence Day. | Full Article
Exxon Mobil says oil leaked into Yellowstone River
July 03, 2011 07:40 PM ET
NEW YORK (Reuters) - A pipeline operated by Exxon Mobil Corp leaked as many as 1,000 barrels of crude oil into the Yellowstone River in Montana and has been shut down, the company said. | Full Article
Crisis brings angst, no answers to Japan's Atomic Arcade
July 04, 2011 05:53 AM ET
TSURUGA, Japan (Reuters) - Japanese housewife Kayako Hayashi used to think nuclear power was a risk worth taking. Now she just doesn't know. | Full Article
Gaddafi can stay in Libya if he quits: rebel chief
July 04, 2011 03:37 AM ET
BENGHAZI, Libya (Reuters) - Muammar Gaddafi is welcome to live out his retirement inside Libya as long as he gives up all power, Libya's rebel chief said in the clearest concession the rebels have so far offered. | Full Article

HEALTH NEWS
Evidence "increasingly against" phone cancer risk
Late talkers do fine as they grow up: study
Copper kills 97 percent of hospital ICU bacteria: study
Medicare proposes change in anemia drug usage
Menu labels don't influence students' food choices

The Washington Post Today's Opinions

The Washington Post


newsletter header

E.J. Dionne Jr.

 E.J. Dionne Jr.

The misread Declaration

Neither anti-tax nor anti-government.

David Ignatius

 David Ignatius

Courage far from home

A July 4 tribute to our soldiers.

Jackson Diehl

 Jackson Diehl

Leading from the front

Obama’s leadership helped free South Sudan.

Robert J. Samuelson

 Robert J. Samuelson

Unhappy birthday

Radicals, reactionaries and a holiday of gridlock.
Post Partisan

Romney’s cheap shot at Obama

Can’t the president go golfing?

Seize the center

President Obama should take the opportunity to bring more Republicans into his administration

He called him a what?

Mark Halperin’s name-calling didn’t resonate.

Friday’s p-Op quiz

How are the Obama girls not like Congress?

Scared about the debt ceiling

Assume the crash position and brace for impact.

A funny thing at the climate denier conference

One of the most unintentionally hilarious things I’ve seen in a while.