Bloomberg:
- Cowen Group Inc.(COWN), the US investment-banking unit of France’s Societe Generale SA, raised a less-than-expected $179,5 million today in the first IPO for a Wall Street firm since February.
- The yen may gain after the Nihon Keizai Shimbun newspaper said the Bank of Japan will lift interest rates tomorrow for the first time in six years.
- China’s stocks declined, set for the biggest drop in a month, amid concern new share sales will drain capital from the market.
- South Korea’s government won’t introduce measures to “prop up” Asia’s third-largest economy as rising oil prices and interest rates curb growth, Vice Finance Minister Chin Dong Soo said.
Xinhua:
- Israeli warplanes bombed runways at Beirut International Airport on Thursday, security sources said.
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are -1.0% to unch. on average.
S&P 500 indicated +.09%.
NASDAQ 100 indicated +.08%.
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
- (CTAS)/.54
- (ESIO)/.17
- (FLE)/.05
- (IFIN)/.56
- (STAR)/.20
- (MAR)/.40
- (MEG)/.82
- (PII)/.53
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- Initial Jobless Claims are estimated to rise to 320K versus 313K the prior week.
- Continuing Claims are estimated to fall to 2430K versus 2456K prior.
2:00 pm EST
- The Monthly Budget surplus for June is estimated to fall to $20.0 billion versus $22.9 billion in May.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology stocks in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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