Salient to Investors:
PIMCO’s Bill Gross said the debt trap remains even after the European agreement, continues to avoid Spanish and Portuguese debt in favor of U.S. Treasuries and mortgage securities, Gross.
Matt McCormick at Bahl & Gaynor said Europe and the economy raises more questions than answers for investors – after Facebook, they want problem-free IPOs.
Read the full article at http://www.bloomberg.com/news/2012-06-29/u-s-stock-futures-gain-after-eu-deal-to-stem-debt-crisis.html