ADVFN III World Daily Markets Bulletin
ADVFN I I I World Daily Markets Bulletin Daily world financial news Monday, 30 July 2012 US Market Reports Stocks Poised For Early Profit Taking Wall Street looks poised for a decline in early trading on Monday. With little major news to drive markets, traders are ready to book some profits after notable gains posted at the end of last week. Stocks moved sharply higher on Friday, adding to the strong gains posted in the previous session. The markets benefited from some relatively upbeat U.S. economic data as well as the latest news out of Europe. The Dow rose 188 points. The Nasdaq climbed 65 points. The S&P 500 advanced 26 points. Europe remains a key focus on Wall Street. German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have again vowed to defend the euro. The two leaders made the pledge during a phone conversation on Sunday. They also stated that the decisions made at the EU summit last month must be implemented as q