Salient to Investors:
17 S&P 500 tech companies so far reporting have missed estimates by an average 3.6 percent. Analysts predict the group will report a 6.7 percent decline in profit versus a predicted 2 percent increase for the S&P 500 as a whole.
72 percent of S&P 500 members that have reported have beaten estimates, while 53 percent have beaten revenue projections.
Moody’s upped the US’s Aaa credit rating outlook to stable from negative on the falling budget deficit.
Oil is close to a 16-month high.
Read the full article at http://www.bloomberg.com/news/2013-07-18/asian-futures-signal-stock-rebound-on-u-s-as-wti-climbs.html
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