Analysts Upgrades and Downgrades Ahead of the Bell
Analysts Upgrades and Downgrades Ahead of the Bell as June 11, 2012 8:30 a.m. EDT
Analysts Upgrades and Downgrades Ahead of the Bell as June 11, 2012 8:30 a.m. EDT
U.S. traders are coming off the best week thus far in 2012. The EU announcement of a plan to bailout Spanish banks is helping to continue the market drive into the start of the new trading week.
Breaking News – U.S. Futures
Asian markets begin the week off with a big bang Monday morning – Sunday evening in the U.S after the European Finance Ministers approved to provide Spain euros for a banking bailout.
The New Zealand Dollar was the second best performer this week, finishing just 0.12 percent lower against the top performer, the Australian Dollar. The Kiwi crushed the safe haven currencies, the Japanese Yen and the US Dollar, appreciating by 3.72 percent and 2.05 percent, respectively. As Currency Strategist Ilya Spivak frequently notes, the New Zealand Dollar has a very tight correlation to the MSCI World Stock Index, so the commodity currency is at bay to global risk trends.
The Euro bounced sharply off of multi-year lows in a week of impressive recovery for the US S&P 500 and broader financial markets.
Mexico Central Bank Rate Decision
Breaking News – U.S. Trade Deficit
Companies on the Move Ahead of the open
Chairman Ben S. Bernanke Economic Outlook and Policy Before the Joint Economic Committee, U.S. Congress, Washington, D.C.
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