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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. [<a href="http://www.bloomberg.com/news/2012-02-05/papademos-greek-leaders-agree-to-cuts-equal-to-1-5-of-gdp-as-talks-set.html" target="blank" rel="nofollow">Bloomberg</a>]

Meanwhile, leaders in Greece are reluctant to bring about more austerity, especially with elections coming. [<a href="http://www.bbc.co.uk/news/world-europe-16901831" target="blank" rel="nofollow">BBC</a>]

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. [<a href="http://www.marketwatch.com/story/imf-cuts-china-2012-growth-forecast-to-825-2012-02-06" target="blank" rel="nofollow">MarketWatch</a>]

The EU may ease the rules on the capital that banks will have to hold against sovereign debt. This plan sounds like a winner. [<a href="http://www.bloomberg.com/news/2012-02-06/eu-may-consider-relaxing-demands-on-banks-for-sovereign-buffer.html" target="blank" rel="nofollow">Bloomberg</a>]

It seems regulators and five big banks are close to wrapping up a multi-billion deal over foreclosures to finally settle probes. [<a href="http://online.wsj.com/article/SB10001424052970203315804577205222988600332.html" target="blank" rel="nofollow">WSJ</a>]

Company News

Citigroup (C - Get Report) will start issuing credit cards on its own in China. [<a href="http://www.reuters.com/article/2012/02/06/us-citi-china-idUSTRE8150LT20120206" target="blank" rel="nofollow">Reuters</a>]

Humana (HUM - Get Report) posts a profit and raises its 2012 outlook. [<a href="http://www.marketwatch.com/story/humana-posts-higher-profit-raises-outlook-2012-02-06" target="blank" rel="nofollow">MarketWatch</a>]

General Motors (GM - Get Report) wants to make $10 billion a year after getting bailed out only three years ago. [<a href="http://online.wsj.com/article/SB10001424052970204136404577204982933314566.html" target="blank" rel="nofollow">WSJ</a>]

Markets

In positive European news, Germany's manufacturing orders rose above expectations in December. [<a href="http://www.nasdaq.com/article/data-snap-german-dec-manufacturing-orders-rise-more-than-expected-20120206-00161" target="blank" rel="nofollow">Nasdaq</a>]

The rally in garbage stocks makes it hard to trust the broader move higher. [<a href="http://dynamichedge.com/2012/02/04/marketview-gripped-by-momentum/" target="blank" rel="nofollow">Dynamic Hedge</a>]

Speaking of small-cap stocks, it looks like ETFs are having a big impact on trading. [<a href="http://blogs.wsj.com/marketbeat/2012/02/03/looks-like-we-really-can-blame-etfs-after-all/" target="blank" rel="nofollow">WSJ</a>]

Investment Strategy

In the off chance Europe improves, investors might want to check out these ETFs. [<a href="http://www.marketwatch.com/story/stock-etfs-to-consider-if-europe-gets-it-together-2012-02-06" target="blank" rel="nofollow">MarketWatch</a>]

Here's why holding cash is a smart move in this market. [<a href="http://pragcap.com/the-unlikely-bull-market" target="blank" rel="nofollow">Pragmatic Capitalism</a>]

Odds and Ends

Automakers won big with commercials during the Super Bowl. [<a href="http://www.reuters.com/article/2012/02/06/us-superbowl-advertising-idUSTRE81508O20120206" target="blank" rel="nofollow">Reuters</a>]

The Giants beat the Patriots to win Super Bowl XLVI. Here's a Kiss for New Yorkers to enjoy today. [<a href="http://www.youtube.com/watch?v=na_h6giW4oI" target="blank" rel="nofollow">YouTube</a>]

-- 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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