United States Credit Outlook Raised
Standard & Poor's Ratings Services on Monday revised its outlook on United
States sovereign credit outlook to "stable" from "negative", and put the
likelihood of a near-term downgrade of the rating at "less than one in three.
During summer 2011, S&P downgraded the United States to "AA+" from top-rated
"AAA." To restore the United States to the AAA rating would take two things: a
credible plan to reduce deficits over the long run and clear indication that
brinksmanship is a thing of the past, S&P's top U.S. analyst Nikola Swann said.
S&P noted that the Federal Reserve has "both the strong ability and willingness
to support sustainable economic growth and to attenuate major economic or
financial shocks." S&P cited the Fed's "timely and effective actions" that
mitigated the effects of the deep recession in 2008 and 2009. S&P warned that
the ability of politicians to address the country's medium-term fiscal
challenges remains hampered by partisan bickering in Washington and
"fundamentally opposing views by the two main political parties on the optimal
size of government. "The stable outlook indicates our appraisal that some of the
downside risks to our 'AA+' rating on the US have receded to the point that the
likelihood that we will lower the rating in the near term is less than one in
three. We do not see material risks to our favorable view of the flexibility and
efficacy of US monetary policy. We believe the US economic performance will
match or exceed its peers' in the coming years," the agency concludes.
Apple Inc. (AAPL) unveiled a music streaming service on Monday, set to launch
during fall of 2013. The service is a key component of overhauled mobile
software that Apple called the most revolutionary re-design of its operating
system since the iPhone was introduced in 2007. iTunes Radio is a highly
anticipated new feature in the revamped iOS mobile platform, is free with ads
across many Apple devices including iPhones, iPads and Apple TV and allows
listeners to customize their own radio stations by genre or tune in to some 200
featured stations. New product on the front line from Apple to be available in
the fall - iOS 7 - the smartphone and tablet platform redesigned by resident
creative honcho Jony Ive comes with a new edge-to-edge look that uses
translucency to highlight underlying content, new typefaces and new icons.
Edward Snowden, 29-year-old consultant at technology consulting firm Booz Allen
Hamilton (BAH), is responsible for leaking secret information about U.S.
surveillance programs to draw attention to U.S. surveillance of its own
citizens. He was held up in Hong Kong for several days after going off the
radar, becoming vulnerable to possible criminal prosecution. Snowden said he was
a former employee of the Central Intelligence Agency.
During Q1 2013 per national statistics institute Istat, the economy in Italy
contracted more than expected, shrinking 0.6% in seasonally-adjusted real terms
compared with previous three months as activity fell in all sectors except
farming. Italian GDP contracted 2.4% during Q1 - led by domestic weakness, with
fixed business investments falling 3.3% from Q4 2012. During Q1 household
spending fell 0.5% and 3.4% on the year; government spending increased 0.1% and
declined 0.8% on the year; exports declined 1.9% from previous three months for
the first quarterly drop in four years and, imports fell 1.6% and 5.2% on the
year. Italy is the euro zone's third-largest country.
The Conference Board's Employment trends index that tracks U.S. employment
trends, reportedly rose to 111.76 from 111.11 in April. "While the increase in
the Employment Trends Index in May erased the small declines of the previous two
months, overall, the growth in the ETI has remained weak," said Gad Levanon,
director of macroeconomic research at the Conference Board. "Taken together with
other recent indicators of economic activity, the ETI is suggesting that a
significant improvement in employment growth is unlikely this summer."
Milestone for Millennium-Traders, we are extremely proud to be one of the top 1%
most viewed LinkedIn profiles for 2012.
One week trial
Day Trading Rooms
for stocks, futures, forex and options.
focus on NYSE, NASDAQ and AMEX.
focus on YM, NQ, ES and TF.
based on New York trading session focus on GBPUSD, USDCAD, USDJPY, EURUSD,
GBPJPY, USDCHF, EURJPY, EURAUD, AUDJPY, CHFJPY, EURCAD, GBPCAD and AUDUSD.
focus on CBOE.
Offers on Subscriptions... monthly rates as low as $75 per month plus, weekly
subscriptions now available.
on Day Trading with confirmed subscription to our Free
available for stocks, futures, forex and options traders.
Detailed historic performance for all calls is available on our
Opt-in to our
sent via email, first trading day of the week which includes recap of markets
from previous week and what is ahead for the upcoming trading week.
provides new trading subject every month.
Free Chat Rooms
- penny stocks, options, stocks, futures and forex! Chat with other traders any
time, day or night, 24-hours a day.
June 10, 2013