10 Things You Need To Know Before The Opening Bell, November 23, 2011

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Wednesday, November 23, 2011 Advertisement Good morning. Here's what you need to know. Asian indices were down in overnight trading with the Bombay Stock Exchange falling 2.27%. Europe is lower after a failed German bond auction and weak PMI data, and U.S. futures are moderately lower ahead of the market open. Eurozone manufacturing contracted further to 46.4 in November, from 47.1 in October. The decline in manufacturing was led by Germany, the strong arm of Europe, where PMI fell to 47.9 in November, from 49.1 the previous month. Service PMI however was up at 47.8, from 46.4 in October. The weak data added to fears the Eurozone is looking at another recession. Now here are 10 crucial dates you need to watch in Europe > Germany sold €3.65 billion of 10-year government bonds and demand at the sale was below the year's average. The Bundesbank had to retain 39% of the issue amid investor concerns that Europe's crisis could be spreading to Germany. Check out the 19 countries most likely to default > HSBC Flash PMI for China fell to a 32-month low of 48 in November, from 51.1 the previous month, adding to chatter about a Chinese soft landing. Now here is an awesome presentation on China and the European debt crisis > Durable goods orders, and personal income and outlays for October will be released at 8:30 AM ET. Consensus is for a 1% month-over-month decline in new orders, and 0.3% month-over-month change in both personal income and consumer spending. Follow the release at Money Game > The Federal Reserve is planning stress tests for the nation's 31 largest banks against a market shock, including a hit by exposure to European debt. The banks will have to post 2012 capital plans by mid-January, along with projected revenues and losses on four scenarios. Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley will also have to complete the 'trading' scenario. French and Belgium government bonds fell further on talks that Dexia's bailout might collapse, and that Belgium is trying to negotiate a break-up plan for the bank. Yield on 10-year French bonds was up to 3.64%, while the Belgian 10-year government bond rose to 5.12%. Now here is everything you need to know about Dexia, the Belgian bank that everyone is freaking out about > Eurozone industrial new orders plummeted 6.4% in September, compared with August, missing expectations of a 2.5% fall. Orders of capital goods, which measures investment in new machinery, fell 6.8%. Italy posted a 9.2% drop in new orders, and Spain reported a 5.3% decline. Even Germany saw new orders tumble 4.4%. Now here are 15 companies that will get slammed if Europe goes bust > In earnings news, the world's largest farm-equipment maker Deere & Co. posted Q4 net income of $669.6 million or $1.62 per share, on revenue of $8.61 billion. Profits were boosted by increase in farm income. Meanwhile, retailer Guess? is expected to post earnings of $0.73 per share. Initial jobless claims will be released at 8:30 AM ET and consumer sentiment data for November will be released at 9:55 AM ET. Expectations are for a rise in jobless claims to 390K and an increase in sentiment index level to 64.6. Follow the release at Money Game > BONUS - Rihanna designed a capsule collection for Emporio Armani. The collection includes lingerie, jeans and t-shirts. Please follow Money Game on Twitter and Facebook. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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