Bloomberg:
- Brazilian, Mexican and Argentine stocks led a decline in Latin American markets as high oil prices raised concern that world economic growth will slow, cutting demand for the region’s commodities.
- Google(GOOG) will offer users a tool for creating and sharing spreadsheets on the Web, pressing the challenge to Microsoft(MSFT).
- Intel Corp.(INTC) will make a pitch for loyalty from its customers at the biggest gathering of chip buyers in Asia, after slumping to its lowest market share this decade.
Financial Times:
- General Motors(GM) said faster-than-expected voluntary redundancies by staff could enable it to lower prices or increase spending on technology, citing CEO Wagoner.
- SAP AG plans to remain independent and doesn’t expect any US industry players to aim to buy the world’s largest business-management software maker, citing CEO Kagermann.
AP:
- The Somalian capital of Mogadishu was seized by an Islamic military group that may be linked to the al-Qaeda terrorist group.
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are -1.25% to -.75% on average.
S&P 500 indicated +.09%.
NASDAQ 100 indicated +.14%.
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
- (ABM)/.19
- (COO)/.70
- (DSW)/.35
- (KFY)/.29
- (LZB)/.30
- (MATK)/.16
- (VTS)/.71
Upcoming Splits
- (CRI) 2-for-1
- (RIO) 2-for-1
- (HUBG) 2-for-1
Economic Releases
- None of note
BOTTOM LINE: Asian indices are lower, pressured by commodity and automaker stocks in the region. I expect US equities to open modestly lower and to rise into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.
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