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>> DOW JONES RECORD HIGH Latest News

JUL 18, 2013 - Zero Hedge

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Somnolent Market Summary Ahead Of Bernanke's Repeat Performance

There was little macro news in the overnight news tape following a heavy earnings day and weak revenues from virtually all reporting companies with IBM, eBay, American Express and Intel all missing revenues. Over in Asia, China flirted briefly with funding disaster after its 1 Month SHIBOR exploded briefly to over 6% following news that the PBOC would not engage in market liquidity operations, only to taper the 299 bps move and close just 4 bps wider. Still, the damage on the Shanghai Composite was palpable with the second consecutive 1% drop in the index pushing it just north of 2000 once ... Read More

Tags: Somnolent Market Summary Ahead Of Bernanke's Repeat Performance,  Dow Jones Record High Latest News