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U.S. Morning Call: Macro news slows U.S. stock momentum

Monday, March 11, 2013 - 03:40

Mar 11 - Stock futures point to a lower open with the S&P 500, Dow Jones and Nasdaq all down after hitting near five-year highs last week.

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Monday morning let's patchy economic data weighing on the markets this morning. Stock index futures signaling lower opening on weak industrial production growth in China for the first two months of 2013. The lowest since October of last year. Looking at other US markets last year market record low for commodity revenues at the big banks. Goldman Sachs JPMorgan and Morgan Stanley all reporting double digit percentage declines in revenues for oil grains and copper trading at 2012. The onetime Wall Street refiners should now all of their former selves in the face of subdued markets and restrictions on prop trade. The decline most stark Goldman -- commodity revenues collapse by more than 60% year on year in 2012. To just 575. Million. Onto a story about some privileged and confidential information. And analysis of the civil fraud suit against him pours. Just the Department of Justice may have a hard time finding misconduct. The big reason no paper trail. Second 2007. Executives at -- That they should put the -- privileged and confidential. On emails to one another. The new email protocol came as signs of distress in securities backed by residential mortgages became apparent. And exacts more thorough analysts -- discouraged from doodling on note pads. An official documents during meetings shares of parent company McGraw hill's how close to 20% since the -- it was announced. It's not just another and the name Monday AT&T is considering buying it 25% stake. In India's reliance GO info com a telecommunications venture for 3.5 billion times India reported. The deal would represent the largest foreign direct investment in India and would value the company fourteen billion box. Bed, Bath & Beyond shares could rise 25%. Next year on strong rough and I higher multiple. But could grab 43%. In an acquisition Barron's reports. However there is no indication that the retailers looking to sell itself parents the company might appeal to private equity investors. Giving given its retailing acting and financial strength. And so as a sweet tooth for twinkies hostess brands creditors silver point capital and hedge fund is capital. At expressed interest in buying -- snack cake brands including twinkies in New York Post reports. Private equity firms Apollo global management and -- dean metropolis. Senate pays off a 410 million in January to by the company's snack cape -- Some stocks to watch this morning first Merck the drug maker released data over the weekend showing unexpected. Cited exit -- in a huge study -- a lot acting nice and drug. February same store sales expected today for young brands the wounds still fresh after China's happened in my bloggers posted three million overwhelmingly negative comments. About KFC a couple of months ago. And you may want to keep I am so companies and some -- outlets the nation's first ban oversized sugary drinks takes a back in New York City today. It's -- Monday morning caught you can follow us on Twitter at Reuters Insider in check out more great videos at Reuters dot com slash.

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U.S. Morning Call: Macro news slows U.S. stock momentum

Monday, March 11, 2013 - 03:40