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June 23, 2008
Daily Report for Mon, Jun 23, 2008
Daily Report
The Bank of America (BAC) analyst is calling for more pain at Merrill Lynch (MER) and UBS (UBS). I wonder what the Merrill and UBS analysts are thinking of BoA.
US drugstore giant Walgreen (WAG) announced a smaller than expected increase in quarterly profit and slowing growth in prescription drug sales. Q3 Sales rose +9.6% to $15.01 billion. Earnings lifted to $572 million ($0.58/share) from $561 million ($0.56/sh) a year earlier. But, analysts had forecast $0.59/share. The stock is probably going to open on the weak side.
The $USD gained +0.85% this morning (9:20am) to 74.05, which hammered $GOLD from last week’s close at 903.70/oz for the futures and 900.85 spot down to a low of 875.35, presently at 880.65. Spot silver is down to 16.63/oz from Friday’s close at 17.35.
The Euro futures are down -0.87% to 1.54.22, so the precious metals are getting pulled down.
August Crude Oil is largely unchanged at about 135.50.
The pre-open DJIA futures were at 11905, a gain of +61, showing a stronger open.
Asia-Pacific markets closed weak today in balancing Friday’s weakness in the US. But European prices in the afternoon session today are up a bit. Tentative I’d say as traders are awaiting the FOMC result on Wednesday afternoon.
Links & Charts
International Economics Review
International Equity Markets Review
Europe
Here is the latest session data for the bourses of Europe.
Here is the latest session data for the London stock exchange FTSE.
Here is the latest session data for the German DAX.
Here is the latest session data for the French CAC 40.
Here is the latest session data for the Milan Italy stock exchange MIBTEL.
Here is the latest session data for the Swiss market index.
Asia-Pacific
Here is the latest session data for the Asia-Pacific stock exchanges.
Here is the latest chart for the Japanese Nikkei 225 index.
Here is the latest chart for the Singapore index .
Here is the latest chart for the Shanghai Composite index .
Here is the latest chart for the Hong Kong Hang Seng index .
Here is the latest chart for the India BSE 30 index .
Here is the latest chart for the Australian All Ordinaries index .
US Equity Markets Review
NASDAQ Composite (interactive) chart
Oil Review
Here is the e-miNY Jul-08 Crude Oil chart.
Interactive Chart of Daily Crude Oil:
Gold & Precious Metals Review
Spot silver chart for the week
Forex Review
Here is the chart of the week's trading in the $USD.
Posted by Posted by Bill Cara on June 23, 2008 09:30:42 AM | Category: Daily Report
