Monday's Links & Index Quotes [06/25/12]

Merkel in pickle after Germany bond concession http://www.marketwatch.com/story/merkel-in-pickle-after-germany-bondconcession-2012-06-25 European stocks slump ahead of EU summit http://www.marketwatch.com/story/drug-makers-banks-weigh-on-europestocks-2012-06-25 U.S. stocks derailed by European concerns http://www.marketwatch.com/story/us-stocks-derailed-by-european-concerns2012-06-25 U.S. stocks down again on Europe worries http://www.marketwatch.com/story/us-stocks-down-again-on-europe-worries2012-06-25?dist=afterbell Greek finance minister to step down: AP http://www.marketwatch.com/story/greek-finance-minister-to-step-down-ap2012-06-25 Spain sends official aid request to EU http://www.marketwatch.com/story/spain-sends-official-aid-request-to-eu-201206-25?link=MW_home_latest_news Cyprus requests European bailout http://www.marketwatch.com/story/cyprus-requests-european-bailout-2012-0625 New-home sales at highest level in two years http://www.marketwatch.com/story/new-home-sales-at-highest-level-in-twoyears-2012-06-25 Housing inventory plunges in some places http://www.marketwatch.com/story/housing-inventory-plunges-in-some-places2012-06-25 The end of the road for Europe http://www.marketwatch.com/story/the-end-of-the-road-for-europe-2012-06-25

Merkel Hardens Resistance to Euro-Area Debt Sharing http://www.bloomberg.com/news/2012-06-25/merkel-rejects-joint-euro-bondsbills-with-all-eyes-on-germany.html Greek Finance Minister Quits Days Into the Job on Illness http://www.bloomberg.com/news/2012-06-25/greek-foreign-minister-to-attendsummit-as-samaras-recuperates.html U.S. Stocks Drop on Europe as Crisis Threatens Earnings http://www.bloomberg.com/news/2012-06-25/u-s-stock-index-futures-declinebefore-house-sales-data.html Central Banks Commit to Ease as Threat of Lost Decades Rises http://www.bloomberg.com/news/2012-06-25/central-banks-commit-to-ease-asthreat-of-lost-decades-rises-1-.html Princetons Blinder Says Fed Has Weak Weapons for Growth http://www.bloomberg.com/news/2012-06-25/princeton-s-blinder-says-fed-hasweak-weapons-for-growth.html U.S. Banks Arent Nearly Ready for Coming European Crisis http://www.bloomberg.com/news/2012-06-24/u-s-banks-aren-t-nearly-readyfor-coming-european-crisis.html Oil Stocks Biggest Losers With Valuations Lowest Since 2009 http://www.bloomberg.com/news/2012-06-25/oil-stocks-biggest-losers-withvaluations-lowest-since-2009-1-.html Fed's Lacker doubts more easing would spur growth http://www.marketwatch.com/story/feds-lacker-doubts-more-easing-wouldspur-growth-2012-06-25?link=MW_home_latest_news Moodys downgrades and a tweeting Pimco http://www.marketwatch.com/story/moodys-downgrades-and-a-tweetingpimco-2012-06-25?link=MW_story_latest_news Soros rebukes Germany over 'can't do' attitude http://www.marketwatch.com/story/soros-rebukes-germany-over-cant-doattitude-2012-06-25?link=MW_story_latest_news

EU could impose fresh sanctions on Syria http://www.marketwatch.com/story/eu-could-impose-fresh-sanctions-on-syria2012-06-25?link=MW_story_latest_news Israel cuts rates by 25 basis points to 2.25% Supreme Court nixes part of Ariz. immigration law (sorry healthcare bugs, another day) Fitch downgrades Cyprus to BB+, outlook negative, Fitch previously rated Cyprus at BBB-

Major World Indicies: Cosing Prices [06/25/12]

Dow 12,503 -138 -1.09% Nasdaq 2,836 -56 -1.95% S&P 500 1,314 -21 -1.60% GlobalDow 1,761 -35 -1.97% Gold 1,585 +19 +1.18% Oil 79.20 -0.56 -0.70% FTSE 100 5,451 -63 -1.14% CAC 40 3,022 -69 -2.24% DAX 6,132 -131 -2.09%

FTSE MIB 13,114 -549 -4.02% IBEX 35 IDX 6,624 -252 -3.67% Nikkei 225 8,735 -64 -0.72% Hang Seng 18,897 -98 -0.51% Shanghai 2,329 -39 -1.63% S&P ASX 4,072 -22 -0.53% Sensex 16,882 -90 -0.53% GlobalDow 1,761 -35 -1.97% Euro/$1US 1.2503 -0.0046 $1US/YEN 79.6450 -0.7877 Pound / $1US 1.5570 0.0000 Dollar Index 82.48 0.27 10yr T-note 1.61 -0.07

$1US/Aussie 1.0009 -0.0038