Market Happenings for Monday, February 13, 2012

Pre-market, futures are up after the Greek Parliament approved a key austerity package. Gainers this morning include FIS, A, BSX, AMD and TSO while losers include ETFC, EXC, BBBY, LLY and ED.

The Market

Greek Parliament voted early today to approve a package of austerity reforms, marking a key step toward a second bailout worth €130 billion from the European Union, International Monetary Fund and European Central Bank.

European stocks were higher in morning trading and Asian markets ended mixed.

President Obama will release his budget plan today at 11 a.m. ET.

Bank of America (BAC) is up about 2% this morning along with some other large banks.

General Electric Co. (GE) plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business.

The dollar fell against the euro and British pound, but gained against the Japanese yen.

Oil for March delivery was up 96 cents to $99.63 a barrel.

Gold futures for April delivery was up $4.90 to $1,730.20 an ounce.

The price on the benchmark 10-year U.S. Treasury was down, pushing the yield up to 2.02% from 1.97% late Friday.

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): FIS-Fidelity National Information (earnings consensus $0.66), RAX-Rackspace Hosting (0.16), MAS-Masco (-0.02), GPRO-Gen-Probe (0.69), DBD-Diebold (0.84), SGEN-Seattle Genetics (-0.31), ALEX-Alexander & Baldwin (0.23), RGC-Regal Entertainment Group (0.04), HMA-Health Management Associates (0.20), CRL-Charles River Laboratories (0.56), LPS-Lender Processing Services (0.58), USTR-United Stationers (0.62), TAL-TAL International Group (0.98), ASIA-AsiaInfo-Linkage (0.32), RPXC-RPX Corp. (0.14).

Financial Calendar

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

2145 ET San Francisco Fed {resident John Williams speaks on “The Federal Reserve’s Mandate and Best Practice Monetary Policy” at Claremont McKenna College in Claremont, CA.

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