- Talks between Greece and European creditors have resumed in Brussels, but the outcome is uncertain and the two sides seem to be as far apart as ever. Greek ruling Syriza party dismissed reform demands from the country's international creditors as "blackmail" after eurozone ministers cut a meeting short the previous day, frustrated by the lack of progress.
- JP Morgan (JPM) is in talks with the Securities and Exchange Commission to settle a probe into whether it steered private banking customers into its own investment banking products, the Wall Street Journal reports.
- Representatives of European oil giants Royal Dutch Shell (RDS.A) and Eni (E) have held talks with Iranian officials in Tehran to discuss the possibility of investing in the country's energy sector, the Financial Times reports.
- Paris-based media and content group Vivendi (VIVEF) became the biggest shareholder in Telecom Italia (TI), as it increased its stake to 15%.
- Palantir, the Silicon Valley artificial intelligence company, is set to become the second most valuable private technology company in the U.S. after Uber, as it seeks to raise funds that would value it at $20 billion, according to a report in the Financial Times.
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The most important thing to remember about trading earnings is that you do not have to hold a stock into its report in order to find good trade entries.
There is a good foundation for more positive action in the week ahead.
It seems as if the complacency that has gripped the U.S. markets of late has crossed the Atlantic.
There are a few random names with momentum, but mostly there is just a lot of churning action.