Bloomberg:
- CNOOC Chairman and CEO Fu Chengy said he would try to keep most Unocal employees on the payroll.
Washington Post:
- The US House of Representatives may not pass the Central American Free Trade Agreement because of declining support among Democrats.
China Securities Journal:
- The Chinese government will inject capital into a batch of domestic securities companies in the third quarter to help bolster the stock market.
China Daily:
- Demand for code division multiple access handsets in China is growing at a slower pace than Nokia Oyj expected.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on MDT.
Banc of America:
- Upgraded SERO to Buy.
Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 indicated -.07%.
NASDAQ 100 indicated unch.
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
SCHN/1.05
Upcoming Splits
None of note
Economic Releases
10:00 am EST:
- ISM Non-Manufacturing for June is estimated to rise to 58.7 versus 58.5 in May.
- Pending Home Sales for May are estimated to rise .5% versus a 3.6% increase in April.
BOTTOM LINE: Asian indices are mostly higher, boosted by automaker and technology shares in the region. I expect US equities to open mixed as stronger economic data offsets worries over higher energy prices. The Portfolio is 100% net long heading into the day.
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