U.S. Morning Call: Investors come down after Fed euphoria
Sunday, September 16, 2012 - 02:36
Sep 17 - U.S. stock futures are set to open lower after closing last week at nearly 5 year highs after the Fed announced QE3.
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OK so investors have had the weekend and digest the stimulus plan and come down from the euphoria. Can risk assets continued their push higher well here's your morning call for Monday. Stock futures point to a weaker open this morning after Wall Street closed out last in nearly five year highs. European stocks also taking a dip today following a sharp two week rally. Last week's stimulus announcement is expected to boost commodities further Brent crude remained steady at 116 dollars. And gold is polling here almost seven year high after investors poured in the press medal to hedge against inflation. General Motors may be stuck with a nickname government motors. Little while longer the Wall Street Journal reports the Treasury Department does not want it sells 26 and a half percent stake in GM now. Because it would lose money. GM earlier floated a plan for treasury to buy back 200 million of the roughly 500 million shares it holds. You stop and after more than double in price for the US to break even. Edgy and Friday close of 24 dollars and fourteen cents the US will lose about fifteen billion dollars you bailed out if it's sold within tires. Have you ordered your iPhone 5 or AT&T customers have apparently. The mobile providers -- a set a sales record with Apple's iPhone 5 over the weekend making it the fastest selling iPhone the company's ever offered. Yahoo! CEO Marissa Mayer also hopping on the iPhone 5 band -- In a note to staff the newly appointed chief announced that the company would be ditching blackberries and other corporate phones. And switching to Smartphones like iPhone to try to understand users better according to an article in techcrunch. Apple shares are trading higher in the premarket. Research in Motion can't be happy -- this news but the stock is also up slightly before. JPMorgan under the microscope again US regulatory probe of the US banks anti money laundering systems is focusing on. Possible oversight in how they monitor questionable money transactions. Like money linked to drugs or sanctioned countries. And the former JPMorgan squatters are taking up residence at the New York Stock Exchange. Today marks the one year anniversary of Occupy Wall Street. That 99% is looking to rekindle its movement that fizzled away their plan blocked the NYSE. Interests. Well good luck with that. That's a warning call this Friday follow us on Twitter at Reuters Insider for the latest headlines. And check out Reuters YouTube TV channel Reuters dot com slash waiters TV I'm Fred Katayama and this is what.
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