U.S. Morning Call: Global stocks up on "cliff" talks
Wednesday, December 05, 2012 - 03:20
Dec. 6 - U.S. stock futures and stocks in Europe and Asia are up on ''fiscal cliff'' talks; banks in trouble, and keep an eye on tech.
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Here's your morning on Wednesday stock index futures are going to higher open on Wall Street this morning. Hopes that the US budget deal being reached before the year and higher as well. Some members of the bipartisan group of governors expressing enthusiasm after that talks with the president yesterday. Today Obama is visiting a Virginia. Street the impact of letting taxes go up on the middle class. European stocks up today with the number of benchmark indexes hitting their highs for the year. He ECB will deliver fresh forecast for the Euro zone economy the Central Bank is expected to keep interest rates on hold -- cut its economic outlook. All kinds of trouble in the banking sector ex employees accusing Deutsche bank of turning a blind I to twelve billion dollars of paper losses. During the financial crisis. In a plot to avoid getting a government bail out. And it complained to regulators that three former employees of the bank avoided according losses when markets turn down. To which -- saying the allegations are old and are wholly unfounded. More trouble Wells Fargo regulators charged an investment banker and nine others the bank with fraud. Allegedly involving an insider trading reign that earned more than eleven million dollars. And standard chartered settling their case with US regulators to the tune of 330. Million dollars for breaking breaking sanctions on Iran. Taking a look at tech this morning starting with a growing rivalry Facebook's recently acquired company instant grant is different ending Twitter. The photo sharing service removed -- key element of its integration with Twitter. Signaling a deepening rift between two of the web's most dominant social media companies. The public one of those companies FaceBook has heated up the past three weeks and -- trading higher in the premarket. Research in Motion outlined a program to help the large base of clients transition to its soon to be on new Blackberry ten platform. Shares the Canadian tech companies have also seen the rise of play. Finally apple shares had their worst day in four months yesterday the stock is down now in premarket trading. Is another -- we expect him today first Starbucks. The coffee company saying it plans to increase the number of its cafes in the Americas. By more than 20%. By opening more than 3000 new shops in the next five years shares up in the premarket. A lot of happy caffeine junkies out there today in here to. Smithfield Foods the largest US pork producer host quarterly results. Investors wondering if the company was able to bring home the bacon as meat processors were hurt by rising feed prices in the midwest. And finally another big company moving its 2013 dividend pay out to this month. It's CME group they're looking to shield shareholders from those big potential tax increases. That's different Thursday morning caught you can follow us on Twitter at Reuters Insider and check out our players need to count at borders dot com slash writers TV. I'm Lisa Bernhard that.
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