Stock futures point to higher opening for the week after G20 pledges to cut budget deficits

Stocks set for modest gains as futures rise
STEPHEN BERNARD (AP) - AP Business Writer NEW YORK Stock futures are pointing to a higher opening Monday after members of the Group of 20 nations pledged to Cut Budget Deficits. The modest gains come ahead of a big week of domestic economic data as well, culminating with the key monthly jobs report due out Friday. Investors will want to see Private Sector job growth because any signs of hiring would likely add confidence that The Economy is improving. Economic reports in recent months have...

Stocks open week trading in narrow range
NEW YORK (AP) - Stocks are trading in a narrow range as Consumers remain tentative about Spending and the Group of 20 nations pledged to Cut Budget Deficits. The lack of any major moves comes ahead of a big week of domestic economic data, culminating with the monthly jobs report. A report Monday shows Consumers are still nervous about Spending as Unemployment remains high. Industrialized countries among the G20 have said they will Cut Deficits in half by 2013. However, they have not agreed...

Stock futures tumble on global economic worries
NEW YORK (AP) - Stock futures and Interest Rates tumbled Tuesday after fresh signs of a Global economic slowdown spooked investors. Asian Markets tumbled overnight when Japanese data showed its country's recovery slowed and China's Market was hurt by an initial public offering that pulled investors away from the rest of the Market. European indexes opened sharply lower after Greek workers again walked out of their jobs to Protest steep Budget cuts. Interest Rates fell in the Bond Market as...

Stock futures tumble on global economic worries
NEW YORK (AP) - Stock futures and Interest Rates tumbled Tuesday after fresh signs of a Global economic slowdown spooked investors. Asian Markets tumbled overnight when Japanese data showed its country's recovery slowed and China's Market was hurt by an initial public offering that pulled investors away from the rest of the Market. European indexes opened sharply lower after Greek workers again walked out of their jobs to Protest steep Budget cuts. Interest Rates fell in the Bond Market as...

POLITICAL HOT TOPICS: Tuesday, June 29, 2010
From CNN's Leslie Bentz The CNN Washington Bureau's morning speed read of the top stories making news from around the country and the world. Washington/POLITICAL For the latest political news: www.CNNPolitics.com CNN: Senators often Talk past Kagan on opening day of Confirmation Hearing Elena Kagan was the nominee at her Confirmation Hearing Monday for the Supreme Court, but you would not be faulted for believing the Real spotlight was on those not attending- the conservative...

Stocks in narrow range after G20 agrees to cut deficits; consumer spending inches higher
NEW YORK — Stocks are trading in a narrow range as Consumers remain tentative about Spending and the Group of 20 nations pledged to Cut Budget Deficits. The lack of any major moves comes ahead of a big week of domestic economic data, culminating with the monthly jobs report. A report Monday shows Consumers are still nervous about Spending as Unemployment remains high. Industrialized countries among the G20 have said they will Cut Deficits in half by 2013. However, they have not agreed...

Stocks edge higher after consumers spend more
NEW YORK (AP) - Stocks rose Monday after cautious Consumers bumped up Spending last month and the Supreme Court blocked a Government effort to get money from Tobacco companies. The Dow Jones industrial average rose about 20 points in afternoon trading. Broader indexes also advanced. Treasury prices rose, sending Interest Rates lower, as overall concerns remained about The Economy. The Government said Consumer Spending rose 0.2 percent last month, just above the 0.1 percent growth forecast by...

Stock index futures signal sharp losses
(Reuters) - Stock index futures pointed to a sharply lower open on Wall Street on Tuesday, with futures for the S&P 500 down 1.4 percent, Dow Jones futures down 1.1 percent and NASDAQ 100 futures down 1.4 percent at 0930 GMT. * European stocks tumbled in morning trade, knocked lower by renewed fears over funding in the Euro zone ahead of Bank repayments to the European Central Bank this week. Banks must repay 442 Billion Euros ($545.5 Billion) to the ECB on Thursday, leaving a potential...

Stocks fall after consumer spending remains weak
NEW YORK (AP) - Stocks slipped Monday after a report signaled that Consumers remain cautious about Spending. The Dow Jones industrial average fell about 6 points in morning trading. Broader indexes also fell. Treasury prices rose and drove down Interest Rates as investors remained concerned about The Economy. The modest drop in Stocks comes ahead of a big week of economic data, including the Government's monthly jobs report on Friday. Investors will want to see Private Sector job growth...

Stocks mixed with spending up
NEW YORK, June 28 (UPI) -- U.S. stocks were mixed Monday after the Commerce Department said Consumer Spending rose modestly in May. After lying flat a month ago, Spending among Consumers rose 0.2 percent in May, while incomes rose 0.4 percent and prices declined less than 0.1 percent. The Group of 20 summit ended Sunday with world leaders pledging to reduce government Debt. Contrary to G20 meeting a year ago, when Stimulus Spending was the order of the day, leaders in Toronto agreed to reduce...

Economic Distemper Imperils Democrats
Politically speaking, the Democrats' problem at the moment is pretty simple: Confidence in The Economy has slumped, and at exactly the wrong time in the Election calendar.   Seib:Voters Sour on Economy at Worst Time for Dems 3:14 At a time when Democrats most-need voter support -- just five months ahead of Midterm Elections -- a poll shows the weak economy has soured many on President Barack Obama and Democratic Party Economic Policy, WSJ's Gerald Seib reports. Blame it on Greece. For...

Stock futures tumble on global economic worries
NEW YORK (AP) - Stock futures and Interest Rates are tumbling after fresh signs of a global economic slowdown spooked investors. Asian markets have plummeted Tuesday on weak Japanese economic data. European markets are falling after Greek workers are again protesting Austerity measures. The yield on the 10-year Treasury note is down below 3 percent for the first time since April 2009. Investor worry about The Economy has spread to Consumers. A report due out Tuesday is expected to show...

Confidence expected to dip for June after three-month climb as Americans digest negative news
NEW YORK — A monthly report Tuesday on Consumer Confidence is expected to show a slight decline in June from May, reversing a three-month climb, as Americans digested a batch of unsettling news that raised new concerns about The Economy's Health. Economists surveyed by Thomson Reuters predict that the Consumer Confidence Index, due out from the Conference Board, a private research group, will slip to 62.8 in June from May's 63.3. In February, Consumer Confidence dropped 10 points to...

Stock futures tumble on global economic worries
NEW YORK (AP) - Stock futures and Interest Rates are tumbling after fresh signs of a global economic slowdown spooked investors. Asian markets have plummeted Tuesday on weak Japanese economic data. European markets are falling after Greek workers are again protesting Austerity measures. The yield on the 10-year Treasury note is down below 3 percent for the first time since April 2009. Investor worry about The Economy has spread to Consumers. A report due out Tuesday is expected to show...

Cautious consumers may fuel debate over deficits
Washington (AP) - A tepid gain in Consumer Spending last month could fuel a debate over whether the United States and other Governments should further stimulate their economies to sustain the recovery. A report that Americans spent cautiously in May came after world leaders meeting in Toronto over the weekend pledged to reduce Government Deficits by cutting Spending and raising taxes. They did so despite warnings from President Barack Obama that scaling back Spending too fast could derail the...

Stocks poised to drop
LONDON

G20 Wrap-up: What happened? Part 2: The power
Image by Getty Images North America via @daylife What the fuck happened? The fallout from the G20 weekend in Toronto isn't likely to dissipate any time soon, and certainly not while the numerous accounts of mass arrests and allegedly repugnant detention practices continue to flood the Internet. So, what do we make of them? At the Guardian on Monday, I made the point that both sides of this argument " the Protesters and the Police " got what they wanted this weekend. That is, the...

Greek unions hold general strike over proposed pension, labor reforms
Athens, Greece — Public services shut down across Greece Tuesday as workers walked off the job in a new nationwide general strike that disrupted Public transport, left Hospitals operating on emergency staff and pulled all news broadcasts off the air. Tension mounted once more in the country's main port of Piraeus, where hundreds of demonstrators from a Communist Party-backed Labor Union attempted to prevent tourists and locals from boarding ferries to Aegean islands, even though a court...

Stocks flat at open
NEW YORK (CNNMoney.com) -- Stocks were little changed at the start of trading Monday after leaders of the world's economic powers committed to reducing Deficits over the next few years and reports on Personal Income and spending came in close to expectations. Dow Jones industrial average ( INDU ) was up about 3 points, shortly after the opening bell. The S&P 500 ( SPX ) slid 1 point and the NASDAQ ( COMP ) composite added less than 1 point. Stocks finished Friday's session mixed,...

Futures Plunge on China, Europe Worries
There's No Business Like Fox Business Stock futures were down sharply Tuesday following economic concerns arising in Asia and new riots in Greece protesting the government's Austerity measures. As of 7:40 a.m. in New York, the Dow Jones Industrial Average futures were down 122 points, or 1.2%, to 9965, the S&P 500 futures were lower by 14.7 points to 1056.20 and the NASDAQ 100 futures lost 28.25 points to 1807.25.  The Conference Board's Chinese index was up 0.3% in April,...

Stocks are mixed; financials rise on bank overhaul
NEW YORK — The Stock Market was mixed Friday after a disappointing gross domestic product reading added to investors' Discomfort about the strength of the Economic Recovery. Financial shares rose on relief that a banking overhaul bill is in hand. The government said the GDP, the broadest measure of The Economy's health, rose at a 2.7 percent annual pace in the first quarter, rather than the 3 percent previously estimated. The report follows a string of weaker-than-expected Economic...

Sticking the public with the bill for the bankersapos; crisis
Last week, The Globe and Mail published a fascinating article about the origins of the G20 . It turns out the entire concept was conceived in a meeting back in 1999 between then Finance Minister Paul Martin and his U.S. counterpart Lawrence Summers (itself interesting since Mr. Summers was at that time playing a central role in creating the conditions for this Financial Crisis allowing a wave of bank consolidation and refusing to regulate Derivatives). The two men wanted to expand the...

Links 6/29/10
As world watches Soccer’s Cup, Nike critic sees red Los Angeles Times Team's Work Uses a Virus to Convert Methane to Ethylene New York Times (hat tip reader Crocodile Chuck) Newsflash : Airline food is inedible Gumbat Stew A Republican Party that Really, Really Doesn’t Want Any Black or Hispanic People Voting for It Ever Again… Brad DeLong More on Boycotting BP from the LAT Columbia Journalism Review South Carolina: Outlier or National Precursor? Patrick Caddell and...

Asia shares slip and debt puts euro on defensive
Singapore (Reuters) - Asian stocks were on course on Tuesday for their worst quarterly performance since the end of 2008, as the tepid nature of rich world's recovery from global Recession keeps investors on the defensive. The Euro was under pressure and dangerously close to a key support level, as funding concerns about the Euro zone drove investors to the safe-haven of the Swiss franc and Market players looked anxiously toward European Debt sales this week. "Aside from buying on dips, it's...

Why Obama is Sabotaging U.S. Economic Growth
They do not want the United States of America to drive Global Growth anymore. If the Financial Reform Bill passes, the bad Wall Street will win, the good Wall Street will not. And investors and American