From Between the Hedges:
- 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.
- 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.
- 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
Asian Indices are -1.25% to -.75% on average.
S&P 500 indicated +.09%.
NASDAQ 100 indicated +.14%.
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Before the Bell CNBC Video(bottom right)
Top 20 Business Stories
Daily Stock Events
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
- 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.