Record Volumes on Wall Street, Morgan Stanley, Google and Stock Events
Market reviews
• Markets got off to a fairly positive start to the week, with China's central bank cutting its 14-day repo rate by 10 basis points, a couple of days after disappointing markets by not cutting longer-term rates. Analysts had warned that the move was merely a follow-up to its earlier cut in the 7-day repo rate, but stocks were happy with anything and rose 0.6%.
• Japan is on holiday, but Nikkei futures are trading 740 points above the cash close. Wall Street and European futures rose 0.2% and 0.6%. The dollar and euro extended gains against the yen after the Bank of Japan...