Trading sources said two high-profile oil traders, Pasi Siitonen and Simon Hutchinson, have left Morgan Stanley's European desk as Wall Street banks struggle to retain talent amid increased regulator ... more 
Trading sources said two high-profile oil traders, Pasi Siitonen and Simon Hutchinson, have left Morgan Stanley's European desk as Wall Street banks struggle to retain talent amid increased regulator scrutiny and a decline in revenues. U.S. stock index futures rose, helped by China's efforts to avoid a hard landing for its slowing economy, but gains were likely to be capped as the S&P 500 notched a third consecutive record closing high. The stock market is closing at a record high despite a disappointing quarterly performance from McDonald's.But the price of gold broke above the $1,300 mark for the first time in a month, and gave mining stocks a lift. Gold rose $43.10, or 3 percent, to $1,336 an ounce. less 
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Wochit
Tue, Jul 23, 2013 3:23 PM EDT