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U.S. Morning Call: Euro rises on EU rescue deal

Friday, June 29, 2012 - 03:01

June 29 - The EU agrees to let its rescue funds be used to stabilize bond markets without forcing countries to adopt more austerity measures.

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You're sonic boosting stocks and more troubles for JPMorgan and resurgent motion. Earnings call this Friday the EU agreed to let its rescue funds be used to stabilize bond market. Without forcing countries to accept that how to adopt more austerity measures. It also agreed to create a single supervisory body for euros on banks by the end of the year. US stock futures rally on that the Dow NASDAQ S&P 500 futures are up 1%. Rising even bar with Spain's ibex up about 3%. Borrowing costs for Spain falling yield on the ten year well below 7% level. As unsustainable. JPMorgan's written -- measures getting a review. The Wall Street -- US regulators requested the bank demonstrated models from measuring everything from trading losses to straighten. This father the bank's disclosure of at least two billion dollar trading laws. What indicated that figure could hit nine billion. Reuters report of the losses at up to six billion shares are up the premarket along with the rest of the market. Wall Street analysts slashing price targets on Research in Motion after the company's Lee -- Novel the Blackberry maker delaying them make great launch of its newest devices until next year. One analyst saying. Like watching up these guys it's terrible. Sources tell Reuters -- is under pressure to consider once unthinkable options. Such as forming an alliance with Microsoft stores selling its network -- shares down -- other T percent in the premarket. Which would be yet another QB well it -- that portly right treating. US regulators may force the NASDAQ to make some major changes the FCC could push the exchange to upgrade its trading systems. -- the boss FaceBook IPO according to the Wall Street Journal it has yet to. Decided whether to take any enforcement action against us as FaceBook it's not in the premarket -- that thirty dollar level. A major deal is brewing I should end up buying half on it doesn't own for about twenty billion dollars. The agreement gives it complete all around extra. Mexico's best selling beer is also selling at stake in US -- -- who -- that you constantly brands that stock up about 5% premarket. At Stockton California has now officially filed for bankruptcy protection it is the largest US municipal bankruptcy in history. The city of 300000 suffering from fiscal mismanagement. Housing market crash that your morning called this Friday you can follow us on Twitter writers insider. Please check out our writers TV -- at Reuters dot com slash writers TV. I got up there this is writers' side.