Morning update

Economics

China GDP well below expectations

Actual: 7.7%
Consensus: 8.0%
Previous: 7.9%

Gold officially enters a bear market after significant falls to lows of $1425 an ounce

Gold fall explanation:
5.5billion euros
Speculation 400 million hold reserve
Portugal and italy may follow and other countries could do the same.

Pure pure Speculation
Stocks

Citigroup Q1 2013 earnings released today

Time: 13:00
EPS: $1.18