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Market Overview


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Despite the current economic outlook remaining a critical concern, U.S. stock index futures are pointing toward a modestly higher opening this morning.

Economic Reports:

  • Initial Jobless Claims are at 451,000 new claims for the week of 9/4, down from a revised 478,000 claims the prior week - Full story;

  • Trade Balance shows a $42.8 billion deficit for the month of July, improved from a slightly revised $49.8 billion deficit the previous month - Full story.

The Men's Wearhouse reports fiscal 2nd-qtr earnings of $0.80/share, up from $0.75/share in the same qtr last year - Full story.

McDonald's Corp. reports global comparable sales growth of 4.9% in the month of August, including a 4.6% increase in the U.S. - Full story.

Airgas Inc. board members have unanimously rejected the latest $5.5 billion buyout offer from rival Air Products & Chemicals Inc. - Full story.

Toys"R"Us announced plans to open 600 express stores in malls and shopping centers for the 2010 Christmas season, doubling the number of locations nationwide - Full story.

The Bank of England reports that it will hold interest rates at a record low of 0.5% for the 18th consecutive month - Full story.

Oil prices are up to around $75 a barrel this morning, after reports showed a drop in U.S. inventories, suggesting that demand may be improving - Full story.

Major world markets are posting higher results for Thursday. Frankfurt's DAX is up 0.48% and Paris' CAC is up 0.55%, Japan's Nikkei 225 was up 0.82%, Hong Kong's Hang Seng closed up 0.37%, and Sydney's All Ordinaries Index finished up 0.94%.

Economic Calendar:

Fri: Wholesale Inventories.

Aaron Jacobs - News Editor
Macro*World Research
aaron.jacobs@mworld.com

 Market Overview (09/08/2010 04:02 PM ET)
Dow 10,387.0 +46.3
S&P 500 1,098.9 +7.0
NYSE 6,999.9 +40.0
AMEX 1,948.9 +15.9
NASDAQ 2,228.9 +20.0
Trading Volume(mil): NASDAQ:2,049  NYSE:880
 Key Indicators
U.S. 3mo
T-Bills		 0.130 0.000  09:14
Crude
Oil		 75.50 +1.41  09:04
Gold 1252.10 -4.00  09:03
LIBOR 0.26 0.00  00:00
$/Euro 1.276 +0.003  09:14
 World Markets:
Amsterdam EOE 334.80 +3.37 Thu 09:13
Brazil Bovespa 66,407.28 -340.02 Wed 16:13
Frankfurt DAX 6,214.66 +50.22 Thu 08:58
Hang Seng 21,167.27 +78.41 Thu 04:01
Madrid General 1,105.86 +13.19 Thu 08:55
Mexican IPC 32,409.60 -38.80 Wed 16:00
Nikkei Dow 9,098.39 +73.79 Thu 02:28
Paris CAC 40 3,728.55 +51.34 Thu 09:13
Seoul Composite 1,784.36 +5.14 Thu 05:03
Shanghai Composite 2,656.35 -38.94 Thu 07:46
Stockholm General 333.91 +2.74 Thu 09:14
Swiss Zurich 6,408.59 +21.64 Thu 08:57
Sydney All Ord 4,621.30 +43.00 Thu 02:39
Toronto Exchg 12,042.26 -59.72 Wed 16:31

 U.S. Treasury Rates:
U.S. - 5yr T-Notes1.49%+0.03 Thu 09:14
U.S. - 10yr T-Notes2.70%+0.05 Thu 09:14
U.S. - 30yr T-Notes3.78%+0.05 Thu 09:14

 Securities In Bulletin
Air Products & Chemicals 77.79 +0.41 Wed close
Airgas Inc 64.59 -1.16 Wed close