U.S. Morning Call: U.S. stock futures up; Greek budget OK'd
Monday, November 12, 2012 - 02:34
Nov 12 - Stock index futures edged higher as upbeat economic data from China indicated a slowdown in the country may be easing, and after the Greek parliament approved an austerity budget for next year.
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Last week was the -- for markets in jail and so will today be any different let's kick off your morning call for Monday. It's veterans day bond markets are closed US stock futures are trading -- there. -- actors playing equities the US fiscal cliff President Obama is meeting with business and labor leaders today. To gather support for his proposals on the issue investors also focusing on Greece on Sunday to Greek parliament approved austerity budget for next year. Which could unleash a new round of credit from the EU and -- and that's before the Greek government runs at a cash. Apple settling one of its many patent disputes over the weekend this one with HTC. After more than two years the two Smartphone makers reached a global settlement that includes the dismissal of all lawsuits. An eight license agreement granting rights to current and future patents held by both companies. Good news for Stacey shares jumped by the -- -- percentage on the Taiwan stock exchange. Investors helping -- Smartphone light -- can now devoted efforts to product development and grabbed back market share lost to apple. That's stopped taking it on the chin last week apple dropping even more than the market share up a bit higher in premarket trading this morning. In earnings today China's Alibaba more than doubled its net profit profit for the last quarter and grew sales by 71%. For proper Yahoo! which sold back a partial stake at Alibaba and still hold 24% of the company. We've also got results from DR port which declares quarterly dividend this morning. The home builders profit nearly tripled as gross margins improved and sales also rose. Now for some stocks to watch the Financial Times reporting this morning -- KKR is wanting to funds for the individual investor to be handled by Charles -- this is seen as the latest sign of pressure on PE firms to become more like traditional asset management company. Starbucks Google and Amazon under the microscope today UK lawmakers will grill the companies on how they match to pay only small amounts of tax in Britain. While racking up billions of dollars in sales. A collective sigh of relief in the upper echelons of JPMorgan. The Wall Street Journal reports the SEC does not intend to charge any of the bank's executives. It probe relating to the allegedly fraudulent sale of mortgage backed securities. That's for your Monday morning call for more news follow us on Twitter at Reuters Insider and check out our YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.
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