European Session News Summary »

European Session News Summary

UK PMI Manufacturing SlumpsPMI manufacturing in the U.K. came in line with expectations at 57.5 in June; yet, lower than May’s reading of 58.0.
European manufacturing expansion halts in JuneEuropean PMI manufacturing lingered at 55.6 in June, in line with both previous and estimated.
Spain credit rating might be cut by Moody’s Investors ServiceSpain might [...]

Bulls on the run in shortened trading week »

Bulls on the run in shortened trading week

By Ryan Vlastelica and Angela Moon
NEW YORK | Fri Jul 2, 2010 5:57pm EDT

NEW YORK (Reuters) – Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend next [...]