Bloomberg:
- The yen rose in Asia after government reports showed Japan's service industry expanded more than expected and the country's manufacturers were less pessimistic.
Wall Street Journal:
- The NYSE wants to expand into foreign markets, options and other derivatives to compete worldwide, said John Thain, the exchange's chief executive officer.
NY Times:
- John J. Mack, Morgan Stanley's former president, has been named as the best candidate to become the securities firm's new chief executive.
Beijing Morning Post:
- China should raise the value of the yuan by between 5% and 10% in a one-off move, citing a report in a journal published by the State Council, the country's highest governing body.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on IBM, DELL, AMR, ARO, FSH, ACN, BBBY, FDC and EMC.
Night Trading
Asian Indices are unch. to +.25% on average.
S&P 500 indicated +.06%.
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)
Global Commentary
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
AGE/.66
DLM/.31
FDO/.32
FDX/1.48
FINL/.26
MU/.02
OVTI/.31
SLR/.04
TIBX/.04
RAD/.02
Upcoming Splits
None of note
Economic Releases
8:30 am:
- Initial Jobless Claims for last week are estimated to fall to 330K versus 333K the prior week.
- Continuing Claims are estimated to fall to 2600K versus 2641K prior.
10:00 am:
- Existing Home Sales for May are estimated to fall to 7.15M versus 7.18M in April.
BOTTOM LINE: Asian indices are mostly higher on gains in technology shares in the region. I expect US equities to open modestly higher, led by technology. The Portfolio is 100% net long heading into the day.
No comments:
Post a Comment