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U.S. Morning Call: Greece Backs Bailout, Facebook fallout

Monday, June 18, 2012 - 02:32

June 18 - Greek voters stick with the current course by supporting pro-bailout parties and more Facebook IPO fallout.

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-- back to bail out and why FaceBook IPO fall out here's -- comment Monday. Greek voters stick with the current court supporting pro bail -- parties. Not much enthusiasm from US investors now Dow NASDAQ S&P 500 stock index futures flat to lower. They -- when they first start treating Sunday evening. Odds on favorite that ten year note rising in the field near one point 55%. Above the lifetime lows but not I'm much. -- great official figures with nearly all of the votes counted Greece's conservative new Democracy Party came first. Atlanta's 29 point 7% of the vote only two point seven percentage points more than surprised that which almost doubled its support. From the previous election on May sixth here's new democracy leader and toughness and -- This is a victory. For -- Europe. I put upload. Or political parties. Not share those objectives. To join forces. And form a stable. You government. I would make sure. That the sacrifices. Of the Greek people. Will bring the country back to prosperity. Investors in Athens liking the result results stocks rallying. Another spot 5% or so with banking stocks up by double digits. Big concerns about the struggles in Europe not far from investors' minds the stocks in Italy and -- -- and the yield on Spanish ten year note about 7% again with the country's treasury minister urging the European Central Bank to respond firmly. To market pressures. Morgan Stanley is lead basement anchor reportedly insisted to meet face the executive that he -- This single driver of the company's initial public offering adding that if the deal soured it would be his throat to show. The Wall Street Journal saying that comments came from Michael -- as part of the IPO process and they. At that gave IPO process included several and usual moves made by -- and Morgan Stanley. They -- out to other lead banks JPMorgan Chase and Goldman Sachs from many meetings with groups active institutional buyers and they allocated. 26% of the IPO shares individual investors. More than a typical 15%. -- out. He's -- down in the premarket after closing above thirty dollars Friday well below the 38 dollar offer price that's my -- Monday I'm Ken Rogers this is partners.

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U.S. Morning Call: Greece Backs Bailout, Facebook fallout

Monday, June 18, 2012 - 02:32