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Tuesday, September 6, 2011

News before the opening bell

10 Things You Need To Know Before The Opening Bell

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, On Tuesday September 6, 2011, 7:26 am

Good morning. Here's what you need to know.
  • After getting smashed on Monday, European markets are modestly higher, having bounced around all morning. US markets are set for a sharply lower open, coming off an eventful three-day weekend.
  • Europe experienced a major sell-off yesterday, with Italy off 5.3%, Germany plummeting 5.5% and France down 4.9%. European banks were hit hard and yields on Greek 2-year notes surged past 50% for the first time.
  • President Obama's Labor Day address in Detroit built pressure on Republicans to put the country's interests first and vote to create new jobs. Obama has faced criticism from GOP leaders over consistently weak economy and high unemployment, and this speech came ahead of his major job's speech this Thursday.
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