Stock Market Today - Greece Bailout Negotiations Inconclusive

NEW YORK ( TheStreet) -- Negotiations between eurozone leaders on a resolution to the Greek bailout deadlock ended without a conclusion Wednesday night, with politicians promising that talks with intensify - the same language used on previous occasions when no compromise emerged. Greek Prime Minister Alexis Tsipras said the talks with Germany's Chancellor Angela Merkel and French President Francois Hollande were "constructive."

  • German bond yields extended their rise above 1% early on Thursday morning in European trading. The 10-year yield on German bonds edged higher to 1.02%, up sharply from the all-time low of 0.05% hit in April.
  • Apple (AAPL) plans to enable users of the iPhone to block ads in order to improve privacy, but this would deprive publishers of access to some of the most coveted customers. Apple, which is a holding of the Action Alerts Plus charity portfolio co-managed by Jim Cramer, sees privacy as a key differentiator from Google (GOOGL), its main rival (which the portfolio also holds).
  • Big manufacturers in Japan turned pessimistic over the April-June period because of a rise in car inventories and a glut of steel, data released Thursday show. The business survey index (BSI) of sentiment at large manufacturers stood at minus 6.0 in the second quarter, compared with plus 2.4 in January-March. But the sentiment index is seen improving to plus 13.2 in the third quarter. Meanwhile Chinese industrial output and lending increased in May, showing signs of stabilization in the world's second-largest economy.
  • The U.K. government will begin selling its stake in the Royal Bank of Scotland (RBS), which it saved during the financial crisis, even at a loss, U.K. Chancellor of the Exchequer George Osborne said. The government's stake is worth $49.2 billion.

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