At 8:40 AM EDT:
S&P 500: +7.60; 1,436.00
NASDAQ 100: +16.25; 1,791.25
Dow: +66.00; 12,605.00
NIKKEI 225: 17,225.83
HANG SENG: +0.51%; 20,413.39 (+103.21)
S&P/ASX 200: -0.37%; 5,649.30 (-20.90)
BSE SENSEX 30: +0.52%; 14,014.92 (+72.68)
FTSE 100: +0.03%; 6,312.90 (+2.00)
CAC 40: -0.24%; 5,604.48 (-13.23)
XETRA-DAX: -0.02%; 6,680.11 (-1.02)
Commodity Futures (Reuters/Jefferies CRB)
Oil: -1.08%; $60.39 (-$0.66)
Gold: -0.02%; $637.90 (-$0.10)
Natural Gas: +0.97%; $6.36 (+$0.06)
Silver: +0.35%; $12.98 (+$0.045)
Asian Headlines (via Bloomberg.com)
• Singapore's Economic Growth Unexpectedly Accelerated in the Fourth Quarter Singapore's economic growth unexpectedly accelerated to the fastest pace in a year in the fourth quarter as surging tourist arrivals and increased consumer spending helped offset lower electronics exports.
• Dollar Advances Against the Euro, Yen Ahead of U.S. Manufacturing Report The dollar rose against the euro and yen before a U.S. industry survey that will probably show manufacturing improved in the world's largest economy.
• Asian Stocks Fall From a Record; Thai Shares Slide, Singapore's Advance Asian stocks fell after terrorists set off bombs in Bangkok and South Korea's government said export growth will cool this year. Thai Airways International Pcl and Samsung Electronics Co. dropped.
• India's Multi Commodity Exchange Says It's Received Investor Approaches Multi Commodity Exchange of India Ltd. said it's receiving at least one approach a month from overseas investors seeking a stake in a national market that may double to more than $900 billion of trading volume this year.
• Kushal Pal Singh's DLF Revives Initial Share-Sale Plan, Cuts Offering Size DLF Ltd., the Indian real-estate company controlled by billionaire Kushal Pal Singh, revived plans for a share sale, reducing the size of an offering derailed by shareholder disputes and valuation concerns.
European Headlines (via Bloomberg.com)
• German Unemployment Falls the Most Since Unification, Led by Construction German unemployment fell in December by the most since reunification in 1990 as economic growth accelerated and unusually warm weather kept building sites open.
• European Mining, Steel Stocks Decline, Led by BHP; UBS, Credit Suisse Gain European commodity shares dropped paced by BHP Billiton (NYSE:BHP) and Arcelor Mittal (NYSE:MT), after copper fell for a second day and Credit Suisse Group lowered its recommendation on the steel industry.
• Junk Bond Boom Lures High-Risk Crowd to Bulgarian Steel, Chickens in Kiev A dozen Merrill Lynch & Co. (MER) clients endured a flight to Serbia and a five-hour taxi ride last month on their way to visit a Soviet-era steel mill whose bonds were plunging.
• CRH Full-Year Profit Advances 23 Percent on U.S. Road Orders, Acquisitions CRH Plc (NYSE:CRH), Europe's third-biggest supplier of construction materials, said annual profit advanced about 23 percent on road and office building in the U.S. as well as record spending on acquisitions.
• European Government Bonds May Gain as Demand Increases at German Debt Sale European government bonds may advance for a second day after demand at a sale of benchmark German 10- year securities today exceeded supply by 1.78 times.
U.S. Headlines (via Bloomberg.com)
• Home Depot Chief Nardelli Resigns Post, Will Get $210 Million Pay Package Home Depot Inc. (NYSE:HD) Chief Executive Officer Robert Nardelli resigned from the world's largest home- improvement retailer following criticism about his pay last year.
• U.S. Stock-Index Futures Rise; Shares of GE, Home Depot Lead the Advance U.S. stock-index futures rose on speculation that reports today will show the economy is growing fast enough to bolster corporate earnings.
• Retailers' December Sales Likely Rose 2.5 Percent, Low End of ICSC Outlook Sales at U.S. retailers likely grew 2.5 percent in December, slower than a year ago, hurt by warm weather, a weaker housing market and higher gasoline prices.
• GM, Ford May Say U.S. Sales Fell Last Month on Slumping Demand for Trucks General Motors Corp. (NYSE:GM) and Ford Motor Co. (NYSE:F) may say U.S. sales fell in December from a year earlier because of waning demand for minivans, pickup trucks and sport- utility vehicles.
• Rambus, TiVo Jury Awards Raised U.S. Patent Damages to $1 Billion in 2006 Juries in the U.S. awarded $1 billion in patent damages last year, almost triple the 2005 amount, as technology companies including Rambus Inc. (NASDAQ:RMBS) and TiVo Inc. (NASDAQ:TIVO) stepped up their use of the courts to fend off competition.