Career News 24/7: 10 Things You Need To Know Before The Opening Bell, July 18, 2012

Wednesday, July 18, 2012

10 Things You Need To Know Before The Opening Bell, July 18, 2012

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Wednesday, July 18, 2012

Good morning. Here's what you need to know.

Asian markets sold off moderately in overnight trade, with Hong Kong's Hang Seng down 1.1 percent. European shares are higher while U.S. futures point to a negative open.
Chinese property prices were flat in June, ending eight consecutive months of decline. Data from the National Bureau of Statistics showed increases of 0.3 percent and 0.2 percent for Beijing and Shanghai, respectively. Here's how China is stimulating all over the place >
The Bank of England's Monetary Policy Committee voted 7-2 to increase stimulus and could consider lowering interest rates, minutes of the July 4 and July 5 meeting released today show.
U.K. unemployment eased to 8.1 percent in the quarter through May, a nine month low. The number of jobless Britons declined by 65,000 to 2.58 million.
Germany sold two-year notes at a negative yield for the first time. The government sold €4.173 billion at an average yield of -0.06 percent.
Intel cut its full year revenue forecast as weakness in mature consumer markets persists. The chip maker says it now expects full year revenue to grow between three and five percent, or as much as $1 billion below earlier forecasts. Click here to see the state of the smartphone industry >
Yahoo beat earnings expectations yesterday, a day after the company named Marissa Mayer as its new CEO. Yahoo said net income was down slightly from the year ago period to $226 million, or $0.27 a share. Click here to see the impressive career of Marissa Mayer >
U.S. economic announcements kick off at 8:30 a.m. with housing starts and building permits. Starts are expected to accelerate 5.2 percent to a pace of 745,000 in June, while building permits slow 2.4 percent to a 765,000 pace. The Fed's Beige Book is out at 2 p.m. Follow it all live on Money Game >
Bank of America reported better-than-expected earnings this morning at $0.19 a share. Revenue missed expectations however. Still on tap today: American Express and IBM. Consensus is for American Express and IBM to report earnings of $1.09 and $3.43 a share. Here's what companies are already telling us about the economy >
Syria's defense minister, Daoud Rajha, was killed in an explosion, the country's state television says. The bomb detonated during a meeting of top officials in Damascus.