Friday, June 22, 2012

Apple, TomTom, import prices in spotlight

Premarket news Click to Play Apple throws down Google gauntlet

Apple says it will no longer preload Google mapping applications on its machines.

Shares in Dutch navigation-technology firm TomTom soared after it reached a deal with Apple to provide mapping technology to the firm.

U.S. import prices tumbled 1% in May. May import prices

Indications: U.S. stock futures rise

U.S. stock-market futures pointed to a higher start on Tuesday, as investors continued to monitor the European debt crisis and rising bond yields for Spain and Italy. Indications

Economic Report: China bank lending accelerates in May

Chinese bank lending and money supply expanded more than expected in May, with households and corporations showing a strong appetite for loans of medium and longer-term duration, indicating that policy easing by Beijing was beginning to find traction. Economic Report: China bank lending

Europe Markets: Europe stocks mostly higher in choppy action

Continued unease over the euro zone�s debt crisis and Spain�s bailout package made for another day of pressure on Spanish and Italian bond yields, while stocks stabilized on hopes of ECB action. Europe Markets

London Markets: U.K. stocks move higher; miners, GSK rise

U.K. stocks tick higher in choppy action on Tuesday, as miners rose, while GlaxoSmithKline climbed after a drug acquisition. London Markets

Asia Markets: Asia stocks retreat as Greece vote looms

Most Asian stocks dropped to give back some of the previous day�s steep gains as initial enthusiasm over Spain�s bank bailout gave way to doubts over the details and as investors looked ahead to elections in Greece. Asia Markets

Currencies: Euro holds its breath as Greek vote looms

After sharp gains earlier in the week on plans for a Spanish bank rescue, the euro settled back to range-bound trade around the $1.25 level, with investors looking ahead to this weekend�s elections in Greece. Currencies

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