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Innovation

The Morning Briefing: Market matters

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about updates in international markets.
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Written by Charlie Osborne, Contributing Writer on

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about updates in international markets.

1.) U.S. stocks edge higher as investors wait for Greece's outcome. On Tuesday, U.S. stocks managed to climb a little higher as investors waited with baited breath to discover the outcome of discussions on a bailout package for Greece. The package is worth 130 billion euros, and is necessary if the country is to avoid default status. With the S&P 500 up nearly 7 percent this year, investors have grown hesitant in light of the risk associated with Greece.

2.) U.S. prepares controversial money-market plan. A controversial proposal to shore up a $2.7 trillion money-market fund to support the industry is currently being completed. This move is taking place three years after Lehman Brothers Holdings Inc. collapsed; sparking a panic which threatened millions of investors and forced governmental intervention. The two=part plan is designed to stabilize monetary funds, which invest in short-term debt instruments.

3.) ECL loan avoided by some Euro members. Some euro-region nations may be planning to opt-out of the European Central Bank's plan to accept more bank loans as collateral, which threatens to fragment the rules applying to such banking operations. The initiative is likely to be implemented on a voluntarily basis, and those who may shun the scheme include Germany's Bundesbank, as it does not need to borrow from the ECB.

4.) Analysis: Take a deep breath before chasing the market. This interesting analysis explores the opposing forces of market investment and current risk levels. 'Sheep' should be careful considering it is by no means clear the market rebound after economic woes will last.

5.) Chinese RMB internationalization good for U.S. and global economy? There is a strong possibility that the Chinese RMB will eventually overtake the U.S. dollar as the world's 'most important currency'. Experts from the Brookings Institution respond by declaring the internationalization of the RMB will benefit both the U.S. economy and global markets.

Image credit: Ken Teegardin

This post was originally published on Smartplanet.com

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