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5 Things You Need to Know Before the Stock Market Opens

BOSTON (TheStreet) -- More questions over a resolution to Greece's debt talks lead your quick fix of company, market, economic and investing news for Monday, Feb. 6.

Monday's 5 Biggest Stories

Stop me if you've heard this one before: Greek Prime Minister Lucas Papademos has struck a deal for more austerity measures in order to secure a rescue package. [Bloomberg]

Meanwhile, leaders in Greece are reluctant to bring about more austerity, especially with elections coming. [BBC]

All of these European problems could be a headache for China. The IMF thinks so, and it cut its forecast for China's economic growth. [MarketWatch]

The EU may ease the rules on the capital that banks will have to hold against sovereign debt. This plan sounds like a winner. [Bloomberg]

It seems regulators and five big banks are close to wrapping up a multi-billion deal over foreclosures to finally settle probes. [WSJ]


Company News

Citigroup (C) will start issuing credit cards on its own in China. [Reuters]

Humana (HUM) posts a profit and raises its 2012 outlook. [MarketWatch]

General Motors (GM) wants to make $10 billion a year after getting bailed out only three years ago. [WSJ]


Markets

In positive European news, Germany's manufacturing orders rose above expectations in December. [Nasdaq]

The rally in garbage stocks makes it hard to trust the broader move higher. [Dynamic Hedge]

Speaking of small-cap stocks, it looks like ETFs are having a big impact on trading. [WSJ]


Investment Strategy

In the off chance Europe improves, investors might want to check out these ETFs. [MarketWatch]

Here's why holding cash is a smart move in this market. [Pragmatic Capitalism]


Odds and Ends

Automakers won big with commercials during the Super Bowl. [Reuters]

The Giants beat the Patriots to win Super Bowl XLVI. Here's a Kiss for New Yorkers to enjoy today. [YouTube]

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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