At 8AM EDT:
S&P 500: -3.00; 1,299.30
NASDAQ: -4.50; 1,564.00
DOW: -26.00; 11,360.00
NIKKEI 225: +1.33%; 16,181.17 (+212.13)
HANG SENG: +0.83%; 17,149.75 (+141.87)
S&P/ASX 200: +0.25%; 5,076.20 (+12.60)
BSE SENSEX 30: -0.08% ;11,502.62 (-9.06)
FTSE 100: -0.41%; 5,891.20 (-24.00)
CAC 40: -0.52%; 5,078.04 (-26.61)
XETRA-DAX: -0.28%; 5,778.33 (-16.50)
Commodity Futures (Reuters/Jefferies CRB)
Oil: +0.17; $72.57 (+$0.12)
Gold: -0.14%; $634.30 (-$0.90)
Natural Gas: -1.04%; $6.56 (-$0.07)
Silver: -0.93%; $12.230 (-$0.115)
Asian Headlines (via Bloomberg.com)
Bank of Communications Net Income Rises 22 Percent, Led by Consumer Loans Bank of Communications Ltd., China's fifth-largest lender, said profit rose 22 percent in the second- quarter as the economy's growth spurred demand for consumer loans and asset management services.
Mizuho Wants Tokyo Stock Exchange to Pay for Failing to Stop Trading Error Mizuho Financial Group Inc., Japan's second-biggest lender, has asked the Tokyo Stock Exchange for 40.4 billion yen ($345 million) in compensation for failing to stop a trading error last year, the exchange's president said.
Asian Stocks Advance as BHP Billiton and Inpex Gain on Oil, Metals Prices Asian stocks rose after gains in oil and metals prices improved the profit outlook for companies including BHP Billiton (BHP) and Inpex Holdings Inc. Japan's Nikkei 225 Stock Average closed at a three-month high.
Hong Kong's Economic Growth Slowed in Second Quarter on Oil Price, Rates Hong Kong's economy grew at a slower pace in the second quarter as record oil costs and rising global interest rates curbed demand for its exports. Consumer spending advanced the most in 18 months.
China's Jiangxi Copper Doubles Profit as Metal Rises to Record, Sales Gain Jiangxi Copper Co., China's biggest producer of the metal, said first-half profit more than doubled after copper prices surged to an all-time high and sales rose.
European Headlines (via Bloomberg.com)
German Investor Confidence Drops to Five-Year Low on Borrowing Costs, Tax German investor confidence dropped more than expected in August, to the lowest in five years, on concern rising borrowing costs and higher taxes will hamper growth in Europe's largest economy.
European Bonds Rise for Sixth Day, Longest Rally in a Year, After ZEW Drop European bonds rose for a sixth day, the longest rally in a year, after German investor confidence fell to the lowest since 2001.
European Stocks Drop After Iran Seizes Romanian Oil Rig; Axa, Roche Fall European stocks fell after Iran's military seized control of a Romanian oil and gas rig in the Persian Gulf. Axa SA (AXA) and Roche Holding AG (OTCQX:RHHBY) led declines.
InterContinental Net Climbs on Property Sales, Switch to Hotel Management InterContinental Hotels Group Plc (IHC), the world's biggest hotel operator, said second-quarter profit more than doubled as the company sold assets and focused on earning money from managing properties.
Taylor Nelson Sofres Shares Rise Most in Three Years on ABN Amro Upgrade Shares of Taylor Nelson Sofres Plc, the world's second-biggest market research company, had their biggest gain in more than three years after ABN Amro (ABN) rated the stock "buy" in new coverage.
Iran Seizes Control of Grup Servicii Oil Rig, Romanian Oil Producer Says Iran's military attacked and seized control of a Romanian oil and gas rig working in the country's Persian Gulf waters this morning, an official from the rig's owners said today.
U.S. Headlines (via Bloomberg.com)
Toll Brothers Net Slumps as Rate Increases End Five-Year U.S. Housing Boom Toll Brothers Inc. (TOL), the largest U.S. luxury homebuilder, said fiscal third-quarter profit fell 19 percent as higher mortgage rates ended the five-year U.S. housing boom.
U.S. Stock-Index Futures Fall; General Electric, Microsoft Drop in Europe U.S. stock-index futures fell after Iran's military attacked and seized control of a Romanian oil and gas rig in the Persian Gulf. General Electric Co. (GE) and General Motors Corp. (GM) declined in Europe.
Microsoft Plans to Offer Discount on Windows Vista to Spur Holiday Sales Microsoft Corp. (MSFT), the world's biggest software developer, plans to offer discounts for upgrades to its Windows Vista operating system after delaying its release until after the holiday season.
Euro Drops From 11-Week High Against Dollar as German Confidence Declines The euro dropped the most in one and a half weeks against the dollar after investor confidence in Germany, Europe's biggest economy, slid to a five-year low.
Lehman's Fuld Hires Wall Street Merger Veteran Rohatyn as Senior Adviser Lehman Brothers Holdings Inc. (LEH) Chief Executive Officer Richard Fuld hired Felix Rohatyn as an adviser, tapping a Wall Street mergers veteran who spent nearly half a century at Lazard Freres & Co.
U.S. Pre-Market Movers (via Briefing.com)
Candela (CLZR) -24.71%; 10.91 (-3.58) -- Co reported Q4 (Jun) earnings of $0.10 per share, $0.13 worse than the Reuters Estimates consensus of $0.23. Total revenues rose 6.9% year/year to $41.3 mln (consensus $47 mln).
Bob Evans (BOBE) -0.82%; 26.53 (-0.22) -- Excluding a $0.05 gain on the sale of restaurant assets, co reported Q1 (Jul) earnings of $0.31 per share, a penny worse than the Reuters Estimates consensus of $0.32; revenues rose 2.0% year/year to $403.4 mln vs. the $405.3 mln consensus. Briefing.com note: Actual and consensus EPS include stock-based compensation expense.