Bloomberg:
- Japanese Prime Minister Junichiro Koizumi will apologize for the suffering his country inflicted on neighboring Asian nations during the World War II period.
Wall Street Journal:
- Saudi Arabia will invest about $50 billion in energy development in the next five years, more than double what it spent in the past five.
- NYSE CEO Thain plans to use the proposed merger with electronic rive Archipelago Holdings to dislodge some 480 stock-trading specialists.
Yomiuri:
- Japan will accept a Chinese proposal to discuss joint development of a gas field in an area of the East China Sea claimed by both countries.
South China Morning Post:
- Lenovo Group Ltd., China's biggest personal-computer maker, has been overtaken by Hewlett-Packard as the top seller in Aisa Pacific, citing an industry survey.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on TMK, BLS, ROH, XRX, DHR, ACS, GOOG, TPX, ZION and ADP.
- Reiterated Underperform on TCO, DCLK, PRXL, ATI and AEIS.
Business Week:
- Shares of Tibco Software(TIBX) may be worth as much as $15 a share in an acquisition, citing Willilam Harnisch, founder of Peconic Partners.
- Shares of Bioenvision(BIVN) are expected to rise amid anticipation that its drug to treat childhood leukemia will be approved by European regulators soon.
Night Trading
Asian Indices are +.50% to +.75% on average.
S&P 500 indicated -.20%.
NASDAQ 100 indicated -.10%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
EK/.33
FISV/.52
FO/1.02
IP/.30
LEA/.03
LSCC/-.07
MYG/.20
OSTK/-.11
RDC/.22
Splits
None of note
Economic Releases
None of note
BOTTOM LINE: Asian indices are higher, led by exporters, after US stocks had their biggest gains in 18 months, spurring optimism growth in the world's largest economy will be sustained. I expect US equities to open modestly higher in the morning on strength in the technology sector. The Portfolio is 75% net long heading into tomorrow.
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