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U.S. Morning Call: Microsoft to open new 'Windows'

Wednesday, June 26, 2013 - 03:01

June 26 - Bowing to consumer demand, Microsoft is set to unveil a free upgrade of Windows 8 that promises to fix issues with the operating system.

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Could be a second day on the upside in the US stock market. The arrows are green this morning following robust gains yesterday and mean words from the People's Bank of China on credit lines. Civic boards traveled around the globe giving a lift to shares even take your body has pockets lie but -- -- now hovering below two point 6%. And don't continued its assent hitting a three week high against a basket of currencies. While gold continues to take it on the -- in its lowest in almost three years and putting it on course for record quarterly loss. On the economic front we are seeing the effects of the bought out after the Fed's QE comments play out housing market with a weekly mortgage -- down. And at thirty year mortgage bond rate jumped to four point 46% from four point 17%. The higher cost of mortgages raising concerns that could dampen demand and slow the housing recovery. Also keep an eye and final reading for first quarter GDP for signs of life. When the data is at least at 8:30 AM eastern it's expected to remain unchanged. At 2.4 percent. We're also watching shares of Microsoft this morning Morgan Stanley raised its price target to forty bucks from 36. Shares climbing higher in the premarket up a percent now. The move comes before Microsoft's big release of a test version of its widely publicized windows eight point one update. Microsoft -- to the demands from customers who criticize its first generation. Shares of Barrick Gold looking over 4% premarket. This morning Credit Suisse cut the stock to neutral from outperform as gold prices continued their steep decline. On the earnings front. Isn't alone though -- a box of cereal this morning General Mills reported fourth quarter earnings that Wall Street expectations. But it forecast for the fiscal that was below. An appetite for the stock may be waning according to the Wall Street Journal. This year it shares have left growth stocks in the dust up 18% so far. Investors pouring into the defense of company trading the stock is it at worst say it's a fun. But now the ten year treasury yields has crept not General Mills may not get the same it's been so far this year. And watch for earnings from Bed, Bath & Beyond investors will want to know those aggressive investments in e-commerce have finally started to bear fruit. -- it expects both profit and sales to rise in the quarter from the year ago period. Shares up 15% since that time. That figure Wednesday morning call remembered follow us on Twitter at Reuters Insider and get more great videos at Reuters dot com slash -- And it's very hard.

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U.S. Morning Call: Microsoft to open new 'Windows'

Wednesday, June 26, 2013 - 03:01