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U.S. Morning Call: Greek stocks soar; Nokia job cuts

Thursday, June 14, 2012 - 02:01

June 14 - Greek stocks are up nearly 7 pct today on talk that pro-bailout parties are likely to win Sunday's elections, and Nokia is set to cut one in five jobs.

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Soaring -- -- and Nokia job cuts here's your morning call this Thursday some optimism an Athens. Greek stocks have nearly 9% today led higher by the banking sector which is up more than 20%. On market talk that probe bailout parties. I like -- don't in Sunday's elections. That's shifting some of the focus away from Spain where yields are near -- 7% level after Moody's downgraded the country's credit rating three notches. US stock index futures taking all this in -- the Dow NASDAQ S&P 500 futures up about a quarter percent -- What paid for Nokia the Finnish cellphone maker cutting another 101000 jobs globally and issuing its second profit warning in nine weeks. It continues to lose market share to apple and Samsung. While sales of its new Illumina vote Smart -- been slow. Shares in the US trading below the 52 week low -- dollar sixty ones that that was hit earlier this month. The jobs picture hot topic today with release of weekly jobless claims and major economic speech by President Obama. The press expected to take aim at his opponent Mitt Romney and congressional Republicans. Who have rejected his ideas for spurring job growth. The address comes as his approval rating has fallen out of 47%. In the latest Reuters it's as well. It's the lowest it's been since January. -- critics speech we'll have soaring rhetoric but little else. Stocks to watch this morning include pure -- home furnishings retailer reported a profit and sales that met expectations. And Smithfield Foods the pork producer. Posting a decline in profit that missed estimates hurt by lower margin -- -- morning is there is that you can follow us on Twitter Reuters Insider. Please check out our Reuters TV and -- Reuters dot com slash writers TV. I've got to show up there this is -- side.

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U.S. Morning Call: Greek stocks soar; Nokia job cuts

Thursday, June 14, 2012 - 02:01