Bloomberg reports, European stocks rose, rebounding from the biggest drop since November, and commodities advanced while Treasuries declined, after a report showed American companies increased hiring. U.S. equity futures climbed. The WSJ reports, private-sector jobs in the U.S. increased by 216,000 last month, according to a national employment report, published by payroll giant Automatic Data Processing Incorporated and consultancy Macro-economic Advisers. Reuters reports, Thirty major holders of Greek government bonds, said on Wednesday, they will take part in the country’s debt swap, increasing chances of the deal going through. These bondholders represent 39.3 percent of the debt eligible for the exchange, or 81 billion euros. They include the twelve members of the steering committee of bank lobby IIF, who already said on Monday that they would take part in the debt swap.
Another look towards Russia, post presidential election. The Wall Street Journal reports, Vladimir Putin on Tuesday dismissed opponents’ allegations of widespread fraud in Sunday’s presidential election, as political tactics. Meanwhile, officials defended the violent breakup by police, of an anti-Kremlin rally in Moscow the day before. Monday’s scenes of heavily armed riot police, forcibly removing demonstrators, suggested the Kremlin is taking a harder line against critics, now that Mr. Putin won a third presidential term with 64% of Sunday’s vote. Opposition leaders are planning another protest for Saturday. The protests, combined with a sharp turn for the worse in global financial-market sentiment, brought an abrupt end to the rally in Russian assets, that had greeted Mr. Putin’s triumph on Monday. The benchmark local stock market index fell over 3% in a general “risk-off” inspired by events elsewhere. The WSJ also reports The new iPad that Apple is expected to announce today could do more than lift the technology company’s sales. It could also be a boon for Verizon Wireless. People familiar with the matter, have said The new iPad will support a wireless broadband technology called LTE. Verizon has by far the country’s largest LTE network, which could give the company a competitive edge, this year, against rival AT&T.
Bloomberg reports, European stocks rose, rebounding from the biggest drop since November, and commodities advanced while Treasuries declined, after a report showed American companies increased hiring. U.S. equity futures climbed. The WSJ reports, private-sector jobs in the U.S. increased by 216,000 last month, according to a national employment report, published by payroll giant Automatic Data Processing Incorporated and consultancy Macro-economic Advisers. Reuters reports, Thirty major holders of Greek government bonds, said on Wednesday, they will take part in the country’s debt swap, increasing chances of the deal going through. These bondholders represent 39.3 percent of the debt eligible for the exchange, or 81 billion euros. They include the twelve members of the steering committee of bank lobby IIF, who already said on Monday that they would take part in the debt swap.
Another look towards Russia, post presidential election. The Wall Street Journal reports, Vladimir Putin on Tuesday dismissed opponents’ allegations of widespread fraud in Sunday’s presidential election, as political tactics. Meanwhile, officials defended the violent breakup by police, of an anti-Kremlin rally in Moscow the day before. Monday’s scenes of heavily armed riot police, forcibly removing demonstrators, suggested the Kremlin is taking a harder line against critics, now that Mr. Putin won a third presidential term with 64% of Sunday’s vote. Opposition leaders are planning another protest for Saturday. The protests, combined with a sharp turn for the worse in global financial-market sentiment, brought an abrupt end to the rally in Russian assets, that had greeted Mr. Putin’s triumph on Monday. The benchmark local stock market index fell over 3% in a general “risk-off” inspired by events elsewhere. The WSJ also reports The new iPad that Apple is expected to announce today could do more than lift the technology company’s sales. It could also be a boon for Verizon Wireless. People familiar with the matter, have said The new iPad will support a wireless broadband technology called LTE. Verizon has by far the country’s largest LTE network, which could give the company a competitive edge, this year, against rival AT&T.