Earnings are set to take center stage again next week as more marquee U.S.
companies line up to report their quarterly scorecards and investors decide
whether to keep pushing stocks higher.
Investors will turn their attention to household names such as American Express Co, Apple Inc, Boeing Co, Caterpillar Inc , Coca-Cola Co, DuPont Co McDonald's Corp, Microsoft Corp, and diversified manufacturer 3M Co to see what the earnings of these dominant corporations say about the U.S. economy's health.
The latest insight into corporate America's financial strength will come a week after the three major U.S. stock indexes rose 7.0 percent to wrap up their best week since the middle of March.
To read more, double-click on the square brackets below:
MARKET REPORTS: > WALL ST WEEKAHEAD-Earnings to decide stocks fate > GLOBAL MARKETS-Oil rises on US housing data, stocks steady > MONEY MARKETS-Libor rates at record lows, spreads tighten > EMERGING MARKETS-Stocks at one-month high despite Indonesia > COMMODITIES-Copper, oil rally after US housing data
MAIN ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > US's CIT talks to bondholders, bankruptcy still feared > US housing starts, permits jump in June > Regional US banks report mixed results in second quarter > US stimulus working, deficit can wait - Summers > Citi losses masked by Smith Barney gains > Bank of America credit losses soar, profit falls > GE revenue falls short, shares down > US Treasury's Geithner more optimistic on economy > Mexico central bank cuts interest rates one last time > Canada inflation turns negative, currency holds steady > Spain bad bank loans continue to rise in May > Eurozone May trade trade in surplus, internal demand weak
ANALYSIS RELATED TO THE GLOBAL ECONOMY AND MARKETS > Bank red ink shows US consumer still bruised > Tinkering, not tightening, as China prices leap > Help needed to reduce reliance on credit ratings > Credit markets could weather a CIT failure > Interbank lending revival wont take root until 2010 > US dollar liquidity a lure for Eastern Europe borrowers > US banks prepare to battle over OTC derivatives > US small business funding getting harder > US second quarter earnings projected to fall 36 pct
FACTBOXES > Major US financial regulation reform initiatives > Russian banks struggle with bad loans > Where has all the US bailout money gone - > EU, Basel to tighten bank capital charges > UK announces banking reform blueprint > European bank writedowns, credit losses > How China's new yuan trade settlement scheme is financed > Checking the US economy's vital signs > Key data in new US loans, mortgage resets > The Federal Reserve's evolving liquidity toolkit
(New York Treasury Desk +1-646-223-6300) Keywords: FINANCIAL/MARKETS LOOK
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Investors will turn their attention to household names such as American Express Co, Apple Inc, Boeing Co, Caterpillar Inc , Coca-Cola Co, DuPont Co McDonald's Corp, Microsoft Corp, and diversified manufacturer 3M Co to see what the earnings of these dominant corporations say about the U.S. economy's health.
The latest insight into corporate America's financial strength will come a week after the three major U.S. stock indexes rose 7.0 percent to wrap up their best week since the middle of March.
To read more, double-click on the square brackets below:
MARKET REPORTS: > WALL ST WEEKAHEAD-Earnings to decide stocks fate > GLOBAL MARKETS-Oil rises on US housing data, stocks steady > MONEY MARKETS-Libor rates at record lows, spreads tighten > EMERGING MARKETS-Stocks at one-month high despite Indonesia > COMMODITIES-Copper, oil rally after US housing data
MAIN ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > US's CIT talks to bondholders, bankruptcy still feared > US housing starts, permits jump in June > Regional US banks report mixed results in second quarter > US stimulus working, deficit can wait - Summers > Citi losses masked by Smith Barney gains > Bank of America credit losses soar, profit falls > GE revenue falls short, shares down > US Treasury's Geithner more optimistic on economy > Mexico central bank cuts interest rates one last time > Canada inflation turns negative, currency holds steady > Spain bad bank loans continue to rise in May > Eurozone May trade trade in surplus, internal demand weak
ANALYSIS RELATED TO THE GLOBAL ECONOMY AND MARKETS > Bank red ink shows US consumer still bruised > Tinkering, not tightening, as China prices leap > Help needed to reduce reliance on credit ratings > Credit markets could weather a CIT failure > Interbank lending revival wont take root until 2010 > US dollar liquidity a lure for Eastern Europe borrowers > US banks prepare to battle over OTC derivatives > US small business funding getting harder > US second quarter earnings projected to fall 36 pct
FACTBOXES > Major US financial regulation reform initiatives > Russian banks struggle with bad loans > Where has all the US bailout money gone - > EU, Basel to tighten bank capital charges > UK announces banking reform blueprint > European bank writedowns, credit losses > How China's new yuan trade settlement scheme is financed > Checking the US economy's vital signs > Key data in new US loans, mortgage resets > The Federal Reserve's evolving liquidity toolkit
(New York Treasury Desk +1-646-223-6300) Keywords: FINANCIAL/MARKETS LOOK
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.