10 Things You Need To Know Before The Opening Bell, May 9, 2012

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics International Video Latest Wednesday, May 9, 2012 Advertisement Good morning. Here's what you need to know. Asian markets were down in overnight trading with the Shanghai Composite falling 1.65 percent ahead of trade data and on concerns about Europe's political stability. Europe is in the red and U.S. futures are lower. Spain's borrowing costs are rising, with the 10-year yield crossing the psychologically important 6 percent mark this morning. The IBEX is off 2.73 percent after reports that Bankia, Spain's biggest bank by assets, will be bailed out by the Spanish government. Now here are 10 horrible facts about Spain > Alexis Tsipras leader of the Syriza party is expected to meet political leaders at 5 p.m. in Athens to continue coalition talks. Ahead of the meeting, Tspiras said he expected Antonis Samaras of New Democracy and Evangelos Venizelos of PASOK to send a letter to the EU saying they were renouncing the Greek austerity pledge. A Greek trader tells us what happens next > Green Mountain stripped its chairman Robert Stiller and lead director William Davis of their titles because they sold company shares in violation of internal policies, after they faced margin calls. Check out 15 stocks that traders are shorting like crazy > In earnings news, AOL is expected to announce earnings of $0.07 per share, Cisco Systems is expected to report earnings of $0.47 per share. Meanwhile, Toyota reported a $1.5 billion profit for the January - March quarter. The company expects is profit to surge to $9.5 billion for the fiscal year ending March 2013. GlaxoSmithKline is making a hostile $2.6 billion bid for Human Genome Sciences this week. GSK is taking the bid straight to shareholders of Human Genome Sciences after its board rejected the takeover offer last month. Borrowing costs fell at German and UK bond auctions this morning as investors continue to look for safe havens. Germany auctioned €5 billion of April-2017 dated federal notes called Bobls and the average yield came in at 0.56 percent a record low at a five-year auction. Wholesale trade data for March will be released at 10 a.m. ET. Consensus is for a 0.6 percent month-over-month increase in inventories. Follow the release at Money Game > German exports climbed 0.9 percent in March from the previous month, beating expectations, and imports increased 1.2 percent. The trade surplus widened to €17.4 billion. This is why Germany has no desire to fix anything in Europe > UK retail sales at stores open at least 12 months fell 3.3 percent in April from a year ago. Sales were hit by poor weather and weaker consumer spending. Bonus - Eva Mendes was gifted onesies by Ellen Degeneres. Please follow Money Game on Twitter and Facebook. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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