Wall Street Futures Point Higher

Posted on 08. Feb, 2010 by Founder in Blog

Good morning traders! The Street’s futures are pointing higher this morning. For now here are the major headlines:

  • Over the weekend, European finance ministers tried to assure their counterparts in the Group of Seven that the euro zone’s debt crisis is under control. They said they would make sure Greece sticks with its budget cutting plans.
  • Citigroup Inc has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet.
  • U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc and other banks made on American International Group Inc.
  • The chief executive of PIMCO, the world’s biggest bond fund, voiced concerns about massive U.S. debt levels, saying he preferred to invest in German government bonds than Treasuries in the current environment.

More charts, analysis and commentary to come later on of course!

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