Bloomberg:
- Canadian stocks rose to the highest in five years, led by dividend-paying companies such as Toronto-Dominion Bank and BCE Inc., after the government lowered taxes on the payouts and decided against taxing income trusts.
- Jordan’s King Abdullah II appointed a new prime minister and called on the government to undertake a war on terrorism in the wake of the hotel bombings Nov. 9 in the capital, Amman, that killed at least 57 people.
- Nokia Oyj said the company’s handset sales in the greater China region rose 77% in the first nine months compared with a year earlier on increasing demand.
Financial Times:
- The US newspaper industry is under threat as classified advertising moves onto the Internet and circulations continue to fall, citing News Corp. Chairman Rupert Murdoch.
Commercial Times:
- China Steel forecasts its first-quarter sales will fall by $90 million from the fourth quarter on declining product prices and the closure of one of its major plants for maintenance.
Late Buy/Sell Recommendations
Goldman Sachs:
- None of note
Night Trading
Asian Indices are -.25% to +.25% on average.
S&P 500 indicated -.13%.
NASDAQ 100 indicated -.15%.
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
- None of note
Upcoming Splits
- None of note
Economic Releases
- None of note
BOTTOM LINE: Asian indices are mixed as gains in Taiwan are offsetting losses in Japan. I expect US equities to trade mixed into the early close at 1 pm EST as short-covering offsets profit-taking. The Portfolio is 100% net long heading into the day.
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