Market Happenings for Monday, February 06, 2012

Pre-market, futures are down as investors await a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default. Gainers this morning include PHM, MS, DHI, GNW and WY while losers include ANR, MU, CSX, HBAN and PFE. Light crude is down -1.02% at 96.84 and gold is down -1.27% at 1,718.20.

The Market

Greece talks to resume today after political leaders failed to strike a deal over the weekend.

European stocks fell in midday trading while Asian markets ended mixed.

The dollar rose against the euro, British pound and Japanese yen.

Oil for March delivery lost 93 cents to $96.91 a barrel.

Gold futures for April delivery lost $22.50 to $1,717.80 an ounce.

The price on the benchmark 10-year U.S. Treasury is up, pushing the yield down to 1.93% from 1.95% late Friday.

Disney (DIS) reports earnings on 2/7/2012 after the market close.

Coca Cola (KO) reports earnings on 2/7/2012 before the market open.

Cisco (CSCO) reports earnings 2/8/2012 after the market close.

Home Depot (HD) reports earnings on 2/21/2012 before the market open.

Kraft Foods (KFT) reports earnings on 2/21/2012 after the market close.

Wal-Mart (WMT) reports earnings on 2/21/2012 before the market open.

Hewlett Packard (HPQ) reports earnings on 2/22/2012 after the market close.

Earnings Reports

Earnings reports (confirmed releases): APC-Anadarko Petroleum (earnings consensus $0.63), YUM-YUM! Brands (0.74), SYY-Sysco (0.44), L-Loews (0.90), HUM-Humana (1.21), PXD-Pioneer Natural Resources (1.03), HCA-HCA Holdings (0.76), NLSN-Nielsen Holdings NV (0.49), CNA-CNA Financial (0.70), UNM-Unum Group (0.75), AGNC-American Capital Agency (1.17), UDR-UDR Inc. (-0.08), BWP-Boardwalk Pipeline Partners LP (0.41), TMK-Torchmark (1.24), HAS-Hasbro (1.05), SUN-Sunoco (-0.23).

Financial Calendar

0855 ET St. Louis Fed President James Bullard speaks on inflation targeting in the U.S. at the Union League Club of Chicago.

1130 ET Weekly 3-mo and 6-mo T-bill auctions.

1215 ET Dallas Fed President Richard Fisher speaks to the Institute of International Finance on the economic and monetary outlook.

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