Bloomberg:
- Federal prosecutors are seeking to schedule a trial for former Enron Corp. Chairman Ken Lay on bank fraud charges as soon as next month, at least 6 months before his separate trial on broader fraud and conspiracy charges stemming from Enron's collapse.
- The Shanghai and Shenzhen stock exchanges will start a unified benchmark index that will include China Petroleum & Chemical Corp., Asia's largest oil refiner, and Baoshan Iron & Steel Co., a unit of the world's sixth-largest steelmaker.
Financial Times:
- Kohlberg Kravis Roberts is among a group of three private equity firms which may have offered $1.3 billion for 60% of General Motors' commercial mortgage unit.
Wall Street Journal:
- Goldman Sachs Group acquired a 24-story office tower in Shanghai for $107.6 million from Singapore's CapitaLand.
South China Morning Post:
- The Vatican plans to cut diplomatic ties with Taiwan to resume relations with China.
Chosun Ilbo:
- North Korea told China that it was agreeing "in principle" to resume six-nation talks over its nuclear weapons program.
Late Buy/Sell Recommendations
None of note
Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 indicated +.12%.
NASDAQ 100 indicated +.13%.
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
Analyst Actions
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
AM/.47
Splits
COH 2-for-1
CMTL 3-for-2
ORCT 3-for-1
Economic Releases
None of note
BOTTOM LINE: Asian indices are mostly higher as a decline in energy prices spurred shares in the region. I expect US equities to open modestly higher in the morning on a follow-through from today's afternoon strength and stabilizing energy prices. The Portfolio is 50% net long heading into tomorrow.
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