From Between the Hedges:
- Almost one in six children worldwide smoke or use tobacco in another form such as snuff, a study by the World Health Organization and US Centers for Disease Control Prevention found.
- Japanese bonds rose, pushing benchmark 10-year yields to a three-week low, after a government report on gross domestic product showed the country is struggling to end a more than seven-year bout of deflation.
- Nike Inc.(NYSE:NKE) sued rival Adidas-Salomon AG, claiming a patent violation.
- Japan’s economy expanded at an annual 5.5% pace in the fourth quarter of last year, the Cabinet Office said.
- Dell Inc.(NASDAQ:DELL) expects to overtake Hewlett-Packard(NYSE:HPQ) and Lenovo Group Ltd., its two closet rivals in Asia, in the next few years, helped by demand for notebook computers.
- Oil prices may fall for a fifth week as gains in inventories indicate supplies are ample to meet demand.
- Pozen Inc.(NASDAQ:POZN) shares may gain as earnings rise on the company’s Trexima treatment for severe headaches, which is set for US regulatory approval by June, citing SG Cowen’s Joshua Schimmer.
- Shares of United Parcel Service(NYSE:UPS) may increase more than 33% in the next two years because of growth in Asia, citing Stephen Leeb, head of Leeb Capital Management.
- The shares of PNC Financial Services Group(NYSE:PNC) may rise after the company reduced its stake in BlackRock(NYSE:BLK).
Asian Indices are -.50% to +.50% on average.
S&P 500 indicated -.03%.
NASDAQ 100 indicated -.06%.
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Before the Bell CNBC Video(bottom right)
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Daily Stock Events
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
- None of note
8:30 am EST
- The Producer Price Index for January is estimated to rise .2% versus a .6% gain in December.
- The PPI Ex Food & Energy for January is estimated to rise .2% versus a .1% increase in December.
9:45 am EST
- The Preliminary Univ. of Mich. Consumer Confidence reading for February is estimated to fall to 91.0 versus a reading of 91.2 in January.
BOTTOM LINE: Asian indices are mostly lower, weighed down by real estate firms in the region on speculation Japan would raise interest rates. I expect US equities to open mixed and to trade higher into the afternoon, finishing modestly higher.