Today's factors for Trading and Investing

Factors for the Week and Today:

• September Index futures take a hit - DJIA (Dow Jones), S&P, and Nasdaq all down at 4 AM 
• Spain gets ready for a third austerity measure round as the Spanish Prime Minister Mariano Rajoy hints at such a development
• Euro and shares under pressure
• June Quarter Earnings in focus
• Internet blackout on Monday?
• China demand falling (indications from Inflation)
• Emerging markets under hug pressure, big drops

Factors affecting trading today

Global:

• Relief after Greece Election results. Elected party supports bailout and is willing to work with Euro countries. Rallies in some markets. Euro jumps to 1 month high and so does Nikkei.
• Spain and Italy continue to worry
• Fed not seen to take any major action. Bears may seize this chance.
• Gold dips after Greek election news
• Oil (Brent) below day's high
• China home prices drop lower and also deeper
• Indian markets collapsed after advancing after the RBI leaves interest rates unchanged.