10 Things You Need To Know Before The Opening Bell, May 15, 2012

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics International Video Latest Tuesday, May 15, 2012 Advertisement Good morning. Here's what you need to know. Asian markets were mixed in overnight trading with the Nikkei down 0.81 percent, hitting a three-month low on concerns about Greece. Europe is higher and U.S. futures are higher as well. Eurozone GDP came in flat for the first quarter, but German GDP climbed 0.5 percent from the fourth quarter, while Italian GDP contracted 0.8 percent on a quarter-over-quarter basis. Greece's political impasse continues and president Karolos Papoulias is expected to ask politicians to allow a government of technocrats to help Greece avoid bankruptcy at 2 p.m. today. But the leftist Syriza party has rejected the proposal. Bank of America answers the 5 most important questions about Greece > Foreign direct investment in China fell 0.7 percent in April from a year ago, declining to $8.4 billion. This was the sixth straight monthly decline. The data adds to concerns of a deeper slowdown in China's economy. Retail sales and consumer prices for April, and the Empire State manufacturing survey for May will be released at 8:30 a.m. ET. Consensus is for a 0.1 percent month-over-month (MoM) increase in retail sales, a 0.2 percent MoM increase in core CPI, and a rise in general business conditions index to 10. Follow the release at Money Game > Facebook has raised the price-range for its IPO to $34-$38, from $28 - $35. The new range values the company from about $92 billion - $103 billion. Now here are 15 reasons to stay bullish on stocks > Coty has pulled its $10.7 billion offer to buy Avon because Avon missed the deadline to begin discussing a deal that was first proposed in March. Coty had revealed that the takeover would be financed by Berkshire Hathaway and others. In earnings news, Home Depot reported net earnings of $1.04 billion, or $0.68 per share, on sales of $17.81 billion. Sales climbed 5.9 percent but missed analysts' expectations of $17.96 billion. Don't Miss: JP Morgan presents the 14 best stocks in America > Moody's cut the long-term debt and deposit ratings for 26 Italian banks yesterday by one to four notches, with a negative outlook. Moody's cited "increasingly adverse operating conditions" and limited access to market funding as reasons for the downgrade. Business inventories for March and the housing market index for May will be released at 10 a.m. ET. Consensus is for a 0.4 percent MoM increase in business inventories and for a housing market index reading of 26. Follow the release at Money Game > Bonus - Hilary Swank is suing a company in Southern California for allegedly using images of her from "Million Dollar Baby" without her permission. 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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