Wall St. Breakfast's Pre-Market Snapshot:
U.S. Futures As of 8:22 AM EST
S&P 500: +1.60; 1,457.60
NASDAQ 100: +3.75; 1,833.25
Dow: +10.00; 12,642.00
NIKKEI 225: +0.03%; 17,670.07 (+5.38)
HANG SENG: +0.50%; 20,449.43 (+101.56)
S&P/ASX 200: -0.03%; 6,151.40 (-1.60)
BSE SENSEX 30: -0.05%; 13,183.24 (-6.30)
FTSE 100: +0.37%; 6,441.50 (+23.70)
CAC 40: +0.49%; 5,794.76 (+28.49)
XETRA-DAX: +0.43%; 7,197.44 (+30.77)
Commodity Futures (Reuters/Jefferies CRB)
Oil: +0.37%; $62.12 (+$0.23)
Gold: +0.28%; $683.40 (+$1.90)
Natural Gas: +1.28%; $7.97 (+$0.10)
Silver: +0.43%; $13.99 (+$0.06)
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Asian Headlines (via Bloomberg.com)
• Asian Stocks Rise for a Third Day, Led by Samsung; Rio Gains on Copper Asian stocks rose for a third day, with indexes in China, South Korea and Indonesia climbing to records and Australia, Singapore and Malaysia touching highs.
• Japan's Machine Orders Fall More Than Expected on Concern Exports to Slow Japan's machinery orders fell a more-than-expected 5.2 percent in February, highlighting concern among manufacturers that export growth may slow this year.
• Goldman, Nomura Lose Out to Independent Adviser GCA in Japan Merger Work GCA Co., Japan's biggest independent mergers and acquisitions advisory firm, beat Nomura Holdings Inc. (NMR) and Goldman Sachs Group Inc. (GS) to become the top adviser on takeovers in the nation in the first quarter.
• Thai Central Bank Cuts Key Rate for Third Time, Signals More Reductions Thailand's central bank cut its key interest rate for a third time this year and signaled borrowing costs may be lowered further to spur a slowing economy as confidence slides and anti-government protests mount.
• Deutsche Bank Hires 18 Citigroup Private Bankers in Singapore, People Say Deutsche Bank AG (DB), Europe's biggest investment bank by revenue, hired 18 private-bank employees from Citigroup Inc. (C) in Singapore to gain ground in a region where the ranks of millionaires are growing faster than in Europe and the U.S., said two people familiar with the decision.
European Headlines (via Bloomberg.com)
• European Stocks Rise, Led by Total, Marks & Spencer; Xstrata Shares Gain European stocks rose for a sixth day after a gain in oil prices pushed energy companies higher and retailers were boosted by stronger sales.
• Gold Fields May Receive Takeover Offer From Group Led by Edward Pastorini U.S. financier Edward Pastorini may lead a bid for Gold Fields Ltd. (GFI), the world's fourth-largest gold producer, to tap the rising price of bullion.
• Moody's Cuts Credit Ratings of ABN, Fortis, 42 Other Banks After Protests Moody's Investors Service (MCO) cut the credit ratings of 44 banks, including units of ABN Amro Holding NV (ABN), ING Groep NV (ING) and Fortis, to calm protests over a new system for assessing financial institutions.
• Xstrata to Sell U.S., Jamaican Aluminum Assets to Apollo for $1.15 Billion Xstrata Plc, the world's fourth- largest copper and nickel producer, agreed to sell aluminum plants and a bauxite mine to buyout firm Apollo Management LP for $1.15 billion as it focuses on more profitable commodities.
• Lundin to Buy Tenke for $1.34 Billion, Secures Stake in Congo Copper Mine Lundin Mining Corp. (LMC), a European copper and zinc producer, agreed to buy Canada's Tenke Mining Corp. for about C$1.54 billion ($1.34 billion) to secure cobalt, copper and gold operations in Africa and South America.