NEW YORK STOCK EXCHANGE

Futures on the New York Stock Exchange slightly declined following the S&P’s best week in nearly a year. It’s not very surprising, considering that the earnings season start and investors exercised caution. They also remained concerned about Europe’s fiscal issues and their sovereign debt.
Many eyes are focused on Alcoa, the world’s third largest producer of aluminum, which is expected to swing to a profit in its second quarter.

Johnson & Johnson shares fell 12 cents to $60.42, but the company plans to acquire Micrus Endovascular Corp, which is involved in making products for treating aneurysms, a cause of stroke. The value of the transaction is estimated to be at closing $480 million, meaning about $23.40 for each share and in this morning Micrus shares rose $1.01, to $23.20.

BP which announced that their robots work to something that could finally stop crude from gushing into the Gulf, enjoyed their sharing rising 2.8 percent at New York Stock Market today to $34.99. Futures on S&P/ASX 200 Australian Index rose 0.2 percent, the same like New Zealand’s NZX 50. China reported a 43.9% annual rise in exports for June, in spite of global fears about a new slowdown in the global economy. The results of yesterday’s election in Japan revealed instability, with the ruling party loosing control of the upper house and their stocks fell for the first time in three days.

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