Event: JP Morgan (JPM) reports Q2 results tomorrow before the bell. The options market is implying about a 2.5% one day post earnings move, which is a tad rich to the 4 qtr average of …
Continue readingCitigroup Inc
Reuters The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve. Gross …
Continue readingWSJ U.S. home building slowed in May amid a pull back in multifamily construction, but new permits granted reached their highest level since 2008, suggesting future demand for new houses. Home construction decreased 4.8% last …
Continue readingBloomberg U.S. stock futures advanced, following a two-day decline in the Standard & Poor’s 500 Index, as increased demand at a Spanish auction helped ease concern about Europe’s sovereign debt crisis. Bank of America Corp. …
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