LONDON -- The Dow Jones Industrial Average
Ongoing relief at the stabilization of the eurozone situation is likely to be tempered by the knowledge that underlying problems remain. However, the sense of respite being felt by the markets is clearly illustrated by CNN's Fear & Greed Index, which rose to 53 (neutral) on Friday, up from 34 (fear) on Thursday.
New domestic economic data due out today includes the latest ISM manufacturing index, which analysts expect to have fallen from 53.5% in May to around 52% in June.
Companies that may feature in trading include Lincare Holdings
European markets have been broadly stable this morning, with the main French and German indiexs ending the morning around 1% higher, despite poor economic news. New data this morning showed that unemployment in the eurozone rose to 11.1% in May, compared with 11% in April, while manufacturing output continued to contract. Hardest hit were Italy and Spain: In Italy, youth unemployment has now risen to 36.2%, while Spain's June PMI was just 41.1, down from 42 in May.
In London, the FTSE 100
Fortunately, when legendary investor Warren Buffett recently decided to invest more than $1 billion in a U.K. company, the company he chose was not Aviva or Barclays. Instead, he invested in another big FTSE 100 name that is currently out of favor with investors but has substantial global growth potential and a strong dividend record. Buffett now owns more than 5% of this blue-chip brand, and you can find out the identity of the company and the price he paid in this special free report.
Are you looking to profit from this uncertain economy? "Ten Steps To Making A Million In The Market" is The Motley Fool's latest report. We urge you to read it today -- your wealth could be transformed. Click here now to request your free, no-obligation copy. The Motley Fool is helping Britain invest. Better.
Further investment opportunities:
Roland Head owns no shares of the companies mentioned. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.