From Between the Hedges:
- US Commerce Secretary Carlos Gutierrez called on China to crack down harder on copyright piracy and open its markets further to US products or risk a protectionist backlash that would hurt both economies.
Late Buy/Sell Recommendations
- Downgraded (RDY) to Sell from Buy.
Asian Indices are unch. to +.75% on average.
S&P 500 indicated +.08%.
NASDAQ 100 indicated +.12%.
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Before the Bell CNBC Video(bottom right)
Top 20 Business Stories
Daily Stock Events
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
- (BUCY) 3-for-2
10:30 am EST
- Bloomberg consensus estimates call for a weekly crude build of 950,000 barrels. Gasoline inventories are estimated to fall 1,450,000 barrels, and distillate supplies are expected to decrease by 1,250,000 barrels. Refinery utilization is expected to rise .50%.
BOTTOM LINE: Asian indices are higher, boosted by exporting shares in the region. I expect US equities to open mixed and to trade modestly lower into the afternoon.