U.S. Morning Call: Greece gets loans in breakthrough deal
Monday, November 26, 2012 - 03:31
Nov 27 - Market sentiment improved after EU finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt.
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Here's your morning -- Tuesday -- is the word after twelve hours of talks eurozone finance ministers and I and that's striking a deal on reducing the country's debt. The game deficit to 124%. Of GDP by 20/20. In return Greece will get up to 57 billion dollars in aid between December and march. European investors loving the news stocks are trading up but from the previous ties. US stock futures put -- to a mixed open they are reacting to a different beast that fiscal -- as negotiations take place in Washington this week. On the macro front we've got lots of numbers for you this morning let's start with -- durable goods data out at 8:30 AM. Orders are expected to have declined point 6% in October on an anticipated drop in demand for defense aircrafts. Next up case Shiller home price index home prices likely Rosen September adding to evidence that the sector has turned the corner. The FHFA. Also releases data on home prices for September at 10 AM today. Also looking at consumer confidence data for November it's expected to rise slightly after -- a four year high last month. And we'll get a better read on how well retailers performed on Black Friday when Goldman Sachs reports chain store sales for last week. Green mountain -- expected to report fourth quarter results today. Analysts polled by start mine expect earnings per share clocking at 48 cents to dissent about the mean. Green mountains growth has baiting questions since some of the company's patents related to its -- brewer expired in September. Paving the way competition from the likes of Starbucks and Wal-Mart. This'll also in the last earnings call for CEO Lawrence bland Byrd who was being replaced by -- top executive and coach Brian Kelly as of December 3. The company's stock has risen almost 18% in the past few months but is down over 66%. Since October 2011. When short seller David -- turn first cast doubts on the company's sales and -- We're keeping an eye and a few stocks today first FaceBook so far this week analyst brokerages moving their price target in just one direction up. Most recently you know war group they'd raised their price target to 32 dollars and 27 when a vibrating. Yesterday FaceBook got a pair upgrades from Bernstein and brokerage firm BT IG. All on optimism that new ads appearing directly in Facebook's new speed will boost revenue. The stock reached 26 bucks on the upgrades and is back and that territory at 2630. In the premarket. Each day a big winner from yesterday online extravaganza the stock in an intra day high of 5178. The highest level since early 2005. E-commerce firm channel advisor says sales of the web sites soared 57%. Compared to last year. And finally Goldman Sachs in view of the bank's vice chairman Jan Michael Evans. Sold shares an exercise stock options that that's cool thirteen point two million. According to an SEC filings. That's it for your Tuesday morning call check out our YouTube channel at Reuters dot com slash TV also follow us on Twitter at Reuters Insider. I'm Lisa Bernhard this is --
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