Salient to Investors:
Matthew Peron at Northern Trust said the strong jobs report is good for equities because it’s supportive for earnings growth, and we know this is not going to be a terrific earnings season. Peron said the focus will be on guidance and now is the time for the hand-off from Fed support to happen.
Matthew Burnell at Wells Fargo said smaller banks faces less onerous risk weightings for residential mortgages under Basel III.
Read the full article at http://www.bloomberg.com/news/2013-07-05/u-s-stock-futures-advance-as-investors-await-jobs-report.html
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