Thursday Pre-Market: Key News & Data

by: Between the Hedges

See also: Thursday Morning View From Europe

From Between the Hedges:

Late-Night Headlines

- Toyota Motor(NYSE:TM) said growth in vehicle sales will slow to 6% this fiscal year, held back by smaller increases in the US and Asia.

Financial Times:
- The increase in price of gold and silver cannot be maintained, citing an interview with Heraeus Holding GmbH CEO Helmut Eschwey. Heraeus Holding is a closely held German processor of precious metals.
- launched an online encyclopedia similar to Wikipedia in China that omits information censored by the government.

Dow Jones Newswires:
- Lehman Brothers Holdings(NYSE:LH) is in talks to hire George Walker from Goldman Sachs Group(NYSE:GS) to run its asset-management division.

San Francisco Chronicle:
- California’s record $11.3 billion take in personal income taxes was aided by Google Inc.(NASDAQ:GOOG) as employees profited from its share growth.

- France has rejected military action to stop Iran’s nuclear program, citing Prime Minister Dominique de Villepin.

Late Buy/Sell Recommendations
- None of note

Night Trading
Asian Indices are -.25% to +.25% on average.
S&P 500 indicated -.05%.
NASDAQ 100 indicated +.03%.

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
- (NYSE:ADI)/.40
- (NYSE:GES)/.32
- (NYSE:JCP)/.88
- (NYSE:KSS)/.45
- (NYSE:VIA)/.39

Upcoming Splits
- None of note

Economic Releases
8:30 am EST
- Advance Retail Sales for April are estimated to rise .8% versus a .6% increase in March.
- Retail Sales Less Autos for April are estimated to rise .9% versus a .4% increase in March.
- Initial Jobless Claims for last week are estimated to fall to 315K versus 322K the prior week.
- Continuing Claims are estimated to fall to 2450K versus 2462K prior.

10:00 am EST
- Business Inventories for March are estimated to rise .5% versus unchanged in February.

10:30 am EST
- Bloomberg consensus estimates call for a weekly natural gas build of 79 bcf versus a 53 bcf build the prior week.

BOTTOM LINE: Asian indices are mostly lower, weighed down by exporting stocks in the region. I expect US equities to open modestly lower and to trade modestly higher into the afternoon, finishing mixed.