• Asian stock markets rise for second day after Goldman Sachs, Intel earnings.
  • Bank of Japan extends credit policies, cuts economic forecasts.
  • China's foreign-exchange reserves rise to $2.13 trillion.
  • EU says plunging oil prices cause euro-zone's first ever negative inflation in June.
  • EU car makers say sales were up 2.4% to 1.46 million units in June.
  • Euro climbs above $1.40 in morning European trade amid hopeful signals.
  • Foreign direct investment in China falls 6.8% in June for 9th month, but fall narrows.
  • G-8 'World Currency' coin's creator seeks Russia participation.
  • German manufacturing work force down 2.3 percent over past year.
  • Industrial production likely dropped for 8th straight month in June.
  • Japan's benchmark stock index edges higher ahead of US earnings.
  • Japan's central bank keeps rates steady amid signs economic slide has stopped.
  • Oil rises above $60 in Asia as traders eye US inventories.
  • Russian lawmakers approve $7.5B crisis fund for neighboring economic partners.
  • UK unemployment rises by 281,000 to 2.38 million; rate up from 7.2 pct to 7.6 pct
  • AAR Corp.'s Q4 profit dropped 7% to $20.5M on lower sales (-5.1%) and margins.
  • Abbot Labs' June earnings $1.3B last year and this year.
  • AIG sells loans to Credit Suisse for as much as $975 million.
  • Air China forecasts 50 percent first-half profit rise, rebounding from 2008 loss.
  • Alliance shares jump after Uranium mine is approved.
  • Altera Corp.'s Q2 net tumbled 52% to $47.4M as revs fell 22% to $279.2M.
  • ASML posts euro104 million loss in 2Q, sees some recovery in demand, sales.
  • Continental Airlines to record $44M in charges in Q2 on write-down of fleet.
  • Eurostar 1st half sales down 7%.
  • Intel's strong numbers suggest PC business better; $1.45B antitrust fine hurts.
  • Rio Tinto's quarterly iron ore output rises 8 percent.
  • Total says European refining margins slump on demand.

Economic Calendar: Data on CPI, Empire Mfg, Capacity Util., Business Inventories, Crude Inventories, Minutes of FOMC Meeting to be released today.

Earnings Calendar: ABT, ACGY, ADTN, AMR, ASML, CCK, CTAS, GCI, GWW, PLCM,STLY, TXI, WWW, XLNX.

Recent Egan-Jones Rating Actions:

WYNN RESORTS LTD (WYNN)
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YUM! BRANDS INC (YUM)
POLYONE CORP (POL)
LEGG MASON INC (LM)
HARSCO CORP (HSC)
DIAMOND OFFSHORE DRILLING INC (DO)
JOHNSON & JOHNSON (JNJ)
JEFFERIES GROUP INC (JEF)
OLIN CORP (OLN)
GOLDMAN SACHS GROUP INC/THE (GS)
RIVIERA HOLDINGS CORP (RVHL)
SINCLAIR BROADCAST GROUP INC (SBGI)

Data provided by: Egan-Jones Ratings And Analytics