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. (NYSE:NMR) and Goldman Sachs Group Inc. (NYSE: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 (NYSE:DB), Europe's biggest investment bank by revenue, hired 18 private-bank employees from Citigroup Inc. (NYSE: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. (NYSE: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 (NYSE:MCO) cut the credit ratings of 44 banks, including units of ABN Amro Holding NV (ABN), ING Groep NV (NYSE: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.