US stock future indexes are up this morning where the SP 500 has climbed back over a record it set more than a year ago, pointing to more gains at today's open. Crude futures bounced back from two-month lows today, helped by a weaker dollar, Brent Oil jumped 91 cents, or 1.99%, to $47.16 a barrel, while U.S. crude was up 74 cents, or 1.65%, to $45.50.
Here is the current market situation from CNN Money
European markets are broadly higher today with shares in France leading the region. The CAC 40 is up 1.46% while Germany's DAX is up 1.36% and London's FTSE 100 is up 0.05%.
Monday's Key Earnings
Alcoa (NYSE:AA) +3.8% opening Q2 earnings season with a beat.
In Asia, Japan +2.5% to 16096. Hong Kong +1.7% to 21225. China +1.8% to 3049. India +0.7% to 27808. In Europe, at midday, London flat. Paris +1.7%. Frankfurt +1.7%. Futures at 6:20, Dow +0.5%. S&P +0.5%. Nasdaq +0.6%. Crude +2.1% to $45.70. Gold -0.3% to $1352.90. Ten-year Treasury Yield +5 bps to 1.48%
LONDON (Reuters) - European shares were on track for a fourth straight day of gains and the yen broke below its post-Brexit low on Tuesday as easing political tensions in Britain, stimulus hopes and a record high close for U.S. stocks boosted risk appetite.
TOKYO (Reuters) - Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday.
SHANGHAI (Reuters) - Swedish furniture company IKEA Group [IKEA.UL] said it would recall 1.66 million chests and dressers in China over concerns the drawers could pose a danger to children if not properly fixed to walls, China's safety regulator said on Tuesday.
DETROIT/SAN FRANCISCO (Reuters) - Concerns raised by the first reported fatality in a semi-automated car were expected to speed adoption of more sensitive technology to help vehicles see and drive themselves safely, increasing demand on the emerging autonomous vehicle technology industry, investors and analysts said.
DHAKA (Reuters) - A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank's account at the Fed has been postponed, officials in Dhaka said.
LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday that a hit to Britain's economy from last month's decision by voters to leave the European Union could prompt the Bank to act, hinting again that more stimulus is on the way.
LONDON (Reuters) - A meeting will take place in London on Tuesday between the Iranian central bank, the U.S. Treasury and international banks to discuss U.S. sanctions, British Foreign Secretary Philip Hammond said.
In an op-ed originally posted by Jamie Dimon in the NYT, the JPM CEO explains that what is plaguing the US is not anger at bailed out banks, some of which like HSBC were confirmed to have been "too big to prosecute" and hatred of crony capitalism which has bailed out banks like, oops, JPMorgan, and is instead mostly due to "wage stagnation and income inequality", which according to Dimon is due to minimum wage pressures. We kept looking for some additional comments about how the average Wall Street CEOs on average made 124 times the average worker at the banks, but couldn't find it. Instead we read many words why raising the wage for a tiny subset of JPM workers who still make $10.15 to $12 or even, gasp, $16.50, should fix the US.
* * *
Jamie Dimon: Why We're Giving Our Employees a Raise
WAGE stagnation. Income inequality. A lack of quality education. Insufficient training and skills development.
Issues like these have led approximately two-thirds of Americans to believe that the next generation will be worse off than the last. And it is true that too many people are not getting a fair opportunity to get ahead. We must find ways to help them move up the economic ladder, and everyone — business, government and nonprofits — needs to play a role.
At JPMorgan Chase, we're starting by giving thousands of employees a raise.
Our minimum salary for American employees today is $10.15 an hour (plus meaningful benefits, which I'll explain later), almost $3 above the current national minimum wage. Over the next three years, we will r ...
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