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– The major U.S. index futures are pointing to higher opening on Wednesday, with positive sentiment generated by China’s support to debt-strapped European nations lending support. Additionally, GDP report released from core eurozone nations were encouraging. Domestically, the results of a regional manufacturing survey released short while ago showed a bigger than expected expansion in manufacturing activity. Trading direction may also hinge on a few more first-tier data scheduled to be released over the course of the session and any potential developments on the Greek debt front.

U.S. stocks spent much of Tuesday’s session below the unchanged line before closing nearly flat. The weakness seen for most of the day came amid the release of a lukewarm headline retail sales number and the ongoing anxieties about the situation in Greece.

The major averages opened lower and moved roughly sideways below the unchanged line.

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The New York Empire manufacturing index remained negative in July, but contracted at a slightly slower pace than in June. However, the new orders component fell to –5.45, which did not bode well for the near future. The Philadelphia Fed index returned into positive territory in July, but important subcomponents also deteriorated, and the later released national ISM manufacturing index also fell sharply to 50.9. We expect both regional indicators to be at 0.0 in August, implying no expansion in manufacturing.

The NAHB index of homebuilders’ sentiment improved by 2 points to 15 in July. As expectations for future sales increased sharply by seven points, we predict that the NAHB index will have risen again by one point to 16 in August. However, levels below 50 indicate that more builders see conditions as bad rather than good.

Housing starts jumped by 14.6% mom in June, exceeding expectations of a slight increase by far. Bui

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Credit Cards. At times, it seems like we cant live with them and we cant live without them. It is a classic case of a love-hate relationship. We need the credit cards to help build our all-important credit history and subsidize our expenses when we just dont have the cash. But people deeply resent the high interest rates and the traps lurking in the fine print.

On that note, lets start with the negatives. By setting aside our emotions, we can identify and possibly avoid those disadvantages that cause us to hate our credit cards.

1. YOU WANT ME TO PAY HOW MUCH IN INTEREST?!?!

I have friends whove received credit card offers in the mail that have a starting interest rate of 35%. Even Shylock, the ruthless moneylender from Shakespeares Merchant of Venice, would think that was excessive. Never forget that credit card companies are a business not a charity.

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We need to spend a lot of time to secure a mortgage; besides that our financial status is significantly dependant on whether or not we have a mortgage. This makes taking every step related to the mortgage flawlessly extremely essential. This article will help you in staying flawless with your mortgage by informing you about the mortgage mistakes you should avoid.

Mistake 1: The most frequently made mortgage mistake is not getting credit checks done. One should undergo a credit check even before applying for the mortgage for making sure that his credit rating is supporting his decision of applying for the mortgage; performing a credit check will also give him the opportunity of repairing the existing issues if any before submitting the application.

Mistake 2: Performing credit checks is good, but a person applying for mortgage should never get too many credit checks done by different banks; doing so can harm his credit score significantly.

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– The major U.S. index futures are pointing to a lower opening on Wednesday, with sentiment turning cautious despite a successful bond auction by Germany. Europe’s largest economy was able to raise money through a 10-year bond offering at a relatively cheaper than rate than in November, while the bid-to-cover ratio was a decent 1.3. Headlines concerning Spain and the imminent French bond auction may have rendered the mood cautious. It is speculated that Spain may turn to the troika for financing the resuscitation of its ailing banking system. Traders may also stay focused on auto sales by the major automakers and the factory good orders report to be released after the markets open.

U.S. stocks opened the New Year with a bang, celebrating the positive economic data that rolled out from across the globe. The major averages opened higher after China reported a rebound in manufacturing activity and Germany released a fairly positive jobs report.

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