Listen:Radio News
General News
BBC Sports News
ESPN Sports News
Today In History:















Rovedin News is the place to Publish your own articles

twitter Pin it Share on Myspace Publisher: Johnson Bill
Jul 10, 2012, 08:20:43 AM
Post your article and if you get the most hit of the month, we will pay you.

This Article has 18 Hits


Like Us   Follow @rovedin    Pin Me


Stocks set for higher open

 

 

NEW YORK (CNNMoney) -- U.S. stocks were poised to open higher Tuesday after eurozone finance ministers agree to accelerate an initial bailout for ailing Spanish banks.

The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures moved higher Tuesday morning. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.

 

Late Monday, eurozone finance ministers agreed that Spain would be offered an initial €30 billion by the end of the month to help bail out its troubled banks. The move is aimed at helping the eurozone's fourth-largest economy from needing a full bailout itself.

But worries remain, said Bob Phillips, co-founder of investment advisory firm Spectrum Management Group in Indianapolis.

"The fundamental issue is that Spain's spending more a year than they're taking in," Phillips said. "They can print money and buy time, but they keep spending money that can't be paid for."

Yields for the 10-year Spanish bond slid to 6.83% following the eurozone announcement. Yields have been recently bouncing above the 7% mark, which heightens bailout worries.



CC:Read More From Source




Login to comment on this article

Be The First To Post A Comment

Related Articles

An exhibit of proper sbobet football fat
May 21, 2013, 2013 03:03:25 AM

To keep healthy, Eating healthy is the key
May 20, 2013, 2013 10:31:15 AM

Ideas to Stay Healthy using the Healthy Cooking Appliances
May 20, 2013, 2013 04:53:02 AM

TrakLive software
May 16, 2013, 2013 10:26:53 AM

Online Timesheet and time tracking Software
May 16, 2013, 2013 08:52:19 AM







© 2008 - 2013 webcustomizers.net • design by webcustomizers.net
Creative Commons License