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U.S. Morning Call: Euro zone worries spark share selloff

Wednesday, September 26, 2012 - 02:23

Sept 26 - Shares are falling around the world today and the euro hit a two-week low as popular opposition to austerity in the euro zone unnerved investors already worried about a weak global growth outlook.

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European market sharply lower today with -- flaring up through out the region. Here's your morning call for Wednesday. Spain's prime minister rough quite a very stressed out man. His nation erupting in violence just as he moves closer to finally asking Europe for rescue money. That's appeals state too high for too long. -- also ready to unveil more painful economic reforms and it's -- 2013 budget on Thursday. The Greeks following the Spaniards in protest. A general strike underway in Athens the biggest since June 50000 people taking to the streets chanting EU IMF out. -- the anger directed at spending cuts worth nearly fifteen billion over the next two years. Brent crude dropping below 110 dollars on the chaos in the region and on a stronger dollar. US stock futures not doing much better today but way up compared to yesterday when the S&P 500 suffered its worst close since June. Investors keeping it I had some housing data out later this morning. I -- far expects new home sales have risen from 372002. Around 380000. In August. In line with the recent positive news from the sector. Ever -- stocks to watch what's new in the tablet game today. Barnes & Noble unveiled its own lighter and thinner high definition tablets it -- to -- share of the rapidly growing market from the likes of apple and Amazon. Also taking a shot at Amazon IBM announcing today it will ramp up efforts to sell cloud computing services to mid sized businesses. A move that puts the company in more direct competition with Amazon and Salesforce.com. Shares of IBM up ever so slightly in the premarket. Sticking with tech Yahoo!'s got some news from CEO -- married her first ever company lot wide addressed yesterday. Mayor may just get too broad vision rather and concrete details for turnaround strategy but she is Ken Goldman a fortune as their news CFO. Yahoo! shares have enjoyed a 10% run up this month but does not only about 2% since -- first day on the job. After morning call for Wednesday follow us on Twitter at Reuters Insider for the latest headlines. And check out our Reuters YouTube channel at Reuters dot com slash Reuters TV I'm Lisa -- this is writers.

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U.S. Morning Call: Euro zone worries spark share selloff

Wednesday, September 26, 2012 - 02:23