Replies to post #328788 on $Stock*Shop*Charts*News*Option$

[hang ten]

AAPL

[Stock Lobster]

Good morning! AAPL is -1% this morning, BP -1.85%. Odd, eh?

[Stock Lobster]

>>FAZ AWAY! GS disappoints, profits drop, Blanfein warns, Futures Drop

earlier headlines:

- U.S. Futures, European Stocks Drop Before Goldman Earnings; Copper Climbs
-State Street's Custody, Currency Fees Drove Second-Quarter Revenue Jump

6:08 AM
BP May Face $18 Billion In Fines From US

AAPLE -0.94%
BP -1.82% (35.10)
FCX -1.17% (60.15)
Gold 1178
Copper 2.94
GS -2.66% and falling on weak guidance
FAZ +3.67%

Each company which reported this morning beat analyst estimate, yet J&J Dissapoints on guidance, Pepsi is down after profits fell more than expected.

Comment: Asian markets were red, and had begun to climb after China suddenly decides to reverse direction and NOT tighten loans in attempt to cool their overheated housing market.

BREAKING ON GS;
7.9% ROE vs 13% for GS, reporting, Revenues were a little light, 8.8 vs 8.4%, Trading and principal investments down, nothing like what GS had seen some quarters back.
Client activity across the board declined
That's right, China decided it was riskier to slow down their economy and housing, than to allow the bubble to continue.

Meanwhile, American corporate Blue Chips such as Johnson & Johnson and Pepsi have released reduced guidance and earnings which disappointment analyst expectations. reports in a few minutes.




Earlier, when Business Insider gave their wrapup, this is what they saw:

Mainland Chinese stocks surged even higher today after yesterday's gains, and most of Asia followed except for sick man Japan. The Asian Development Bank hiked their East Asia growth forecast to a whopping 8.1% this year, up from 7.7% previously. China's central bank also voiced concern over its property prices, which could signal less, rather than more, government tightening measures.
Shanghai: +2.2% (CSI 300)
Asia: +0.9% (MSCI Asia Apex 50)
Hong Kong: +0.9% (Hang Seng)
Tokyo: -1.15% (Nikkei 225)

European shares are moderately in the green. Brace yourself for European banks stress tests this Friday. The euro broke above $1.30 a few hours ago, but then settled lower.
The Euro: $1.286 (+0.3%)
Frankfurt: +0.2% (DAX)
Paris: +0.2% (CAC 40)
London: +0.2% (FTSE 100)

Gold and oil are rallying as the dollar weakens, which is a classic global-growth move. The Baltic Dry Index has enjoyed a second day of gains, showing some stabilization.
Gold: +0.1% ($1,183)
Oil: +0.2% (Light Sweet Crude $75.76)
Baltic Dry Index: +0.7% (BDI 1,732)
Dollar Index: -0.3% (DXY 82.35)


Read more: http://www.businessinsider.com/the-10-second-market-wrap-2010-7#ixzz0uDtZuAq3