News Articles and Commentary of Financial Interest- Tuesday, 7/9 ... Updated @ 11:55 PDST

Old_Joe

United States:

GLOBAL MARKETS-U.S. pick-up pushes shares to 1-month high, dollar firm
"an optimistic tone at a good start to the U.S. earnings season"
⇒ Link to Reuters Article

Stocks Gain on Earnings Optimism; Gold Rises, Pound Falls
"The economic data is suggesting that we’re not going to see earnings roll over,"
⇒ Link to Bloomberg Article

US STOCKS-Wall St gains on early earnings optimism
"nine of the 10 industry sector indexes higher"
⇒ Link to Reuters Article

Dollar scores 3-year high vs. British pound
"contrast between... Federal Reserve... and European central bank"
⇒ Link to "Market Watch" Article

JPMorgan as Biggest Underwriter Sees More Losses: Credit Markets
"worst first half of the year on record for the securities may only deepen... performance is a shock to bulls"
⇒ Link to Bloomberg Article

IMF Reduces Global Growth Outlook as U.S. Expansion Weakens
"World economic growth will struggle to accelerate this year"
⇒ Link to Bloomberg Article


International:

Lenders sound alarm over lack of action in Athens - report
"inability or unwillingness to collect taxes threatens"
⇒ Link to Reuters Article

China’s banks- Ten days in June
"China’s banks struggled desperately to work out what the country’s central bank was thinking"
⇒ Link to "The Economist" Article

Korea to Turkey Covered Debt: Pimco Shuns due to Liquidity
"Pacific Investment Management Co. say difficulty trading debt from fledgling markets is driving them away"
⇒ Link to Bloomberg Article

What’s Good for U.S.-China-Japan Hurts Emerging Markets
"What’s good for the global economy’s superpowers risks creating losers in other parts of the world"
⇒ Link to Bloomberg Article

JPMorgan: "Credicorp Top Peru Pick in Bet on Economic Growth"
"may gain 32 percent by the end of the year as the Andean nation’s economy grows"
⇒ Link to Bloomberg Article

U.K. Stocks Advance to a Five-Week High as Miners Climb
"rally in mining companies and optimism that central banks will support growth"
⇒ Link to Bloomberg Article

Nikkei climbs 2.6 pct, large caps lead gains amid global rebound
"benchmark Nikkei rose 2.6 percent... highest closing since May 24"
⇒ Link to Reuters Article

Yen Tumbling 9% Splits Top Forecasters
"forecasters expect yen to fall this year [but] futures traders ... are paring bets on a decline"
⇒ Link to Bloomberg Article

******************************************************************************************************

Welcome to anyone who wants to add links, info or comments to the original post...

Investor

I liked the following two articles a lot. Thanks.

Korea to Turkey Covered Debt: Pimco Shuns due to Liquidity
What’s Good for U.S.-China-Japan Hurts Emerging Markets