10 Things You Need To Know Before The Opening Bell, November 15, 2011

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Tuesday, November 15, 2011 Advertisement Good morning. Here's what you need to know. Asian markets were mostly down in overnight trading with the Bombay Stock Exchange down 1.38%. Europe is sharply lower after terrible economic data out of Europe, and U.S. futures are lower ahead of the market open.  The 17-nation euro bloc expanded 0.2% in the third quarter in line with expectations. Eurozone GDP was driven by 0.5% growth in Germany, and 0.4% growth in France. Meanwhile economists expect Italy to already have entered a recession. Now here is the European situation explained in seven slides > The German ZEW economic sentiment survey came in at -55.2 in November, from -48.3 in October, showing that investor confidence fell to a three-year low. Don't Miss: The real state of government deficits in the Eurozone > Spain sold €3.2 billion of 12-month treasury bills at 5%, and 18-month Treasury bills at 5.2%, shy of the €3.5 billion maximum target it had set. The yields of Spain's 10-year bonds rose to 6.25%. Meanwhile Italian 10-year yield has soared back to about 7%. This panic has been caused in part because the ECB is cutting purchases of Italian and Spanish bonds in the secondary market. Check out the 19 countries most likely to default > Bank of England governor Mervyn King said inflation could fall more sharply than expected to the 2% target at the end of 2012. This comes after UK inflation eased more than expected, to 5% last month. The BoE left the target for asset purchases at £275 billion this month and kept its benchmark rate at 0.5%. PPI and retail sales data for October will be released at 8:30 AM ET. Consensus is for 0.2% month-over-month drop in PPI and a 0.2% month-over-month change in retail sales. Follow the release at Money Game > New York police have cleared out the Occupy Wall Street camp in Zuccotti Park. Police ordered protestors to remove their tarp, tents and sleeping bags, and arrested over 70 people in the late night raid. This comes after police dismantled the occupy Oakland camp on Monday. Don't Miss: How Occupy Wall Street came to a sudden, unexpected end today > UBS has named interim chief Sergio Ermotti permanent CEO. It also brought forward the start date of chairman designate Axel Weber to May 2012, from 2013 as its tries to restore investor faith after its $2.2 billion loss. UBS will also outline plans for restructuring its business at investors' day in New York on Thursday. In earnings news, Wal-mart posted Q3 earnings of $0.97 per share, on net sales of $109.5 billion, and raised the low-end of its full-year earnings range to $4.55 per share. Dell is expected to report earnings of $0.47 per share. Home Depot posted 17.6% year-over-year rise in Q3 earnings to $0.60 per share, on revenue of $17.3 billion. Now here's what large corporations are revealing about the world economy > The Empire State manufacturing survey for November will be released at 8:30 AM ET and business inventories for September will be released at 10 AM ET. Consensus is for general business conditions index level of -2.6 and 0.2% month-over-month  increase in inventories. Follow the release at Money Game > BONUS - Mila Kunis was named GQ magazine's annual Knockout of the Year. 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.careerrrwyld@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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