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Wednesday, August 1, 2012

Financial news 08/01/2012

IBD: Rise in home price must continue through fall to confirm trend
Fox Business: Federal spending cuts of $109 bln to begin Jan. 2, '13
NYT: SEC proposes muni-bond market reform to protect investors
GMO: Grantham warns of worsening global food crisis
ISM:  Purchasing Manager's Index rose to 49.8 in July, from 49.7
CNBC: Fed expected to do little to increase monetary stimulus
CNNMoney: Poker sites to pay $731 million in DoJ fraud settlement
Business Insider: Global PMI reports indicate economic slowdown
Reuters: Eurozone jobless rate up to record 11.2% since Euro began
BBC: China's PMI slowed to 50.1 in June from 50.2; 8-month low
ZH: Chinese stimulus won't happen in 2012 due to credit mkt concerns
Bloomberg: Chinese government pledges more economic "measures"

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