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Flat to Down Open Thursday 24th Sept 2009

Hang Seng (Hong Kong): -2.52% today.

Australia:   -0.69% today.

Nikkei 225 (Japan): +1.67 today.

Europe is down slightly at mid-day:

FTSE 100 (UK): -0.09% at 11:50 AM.

DAX (Germany):  -0.28% at 12:50 PM

CAC 40 (France): -0.33% at 12:50 PM

SPY pre market open: -0.0% at 106.18 at 7 AM EST

QQQQ pre market open: +0.1% at 7:00 AM

Economic Indicators: Initial claims for unemployment for last week comes out at 8:30 AM. It is expected to be 1% higher than last week at 550,000 claims. The number of continuing claims is expected to drop slightly to 6.18 million.

Existing home sales for August is announced at 9:59 AM.  It is expected to show that the annualized rate rose to 5.35 million homes from 5.24 million the month before.

Earnings Announcements: McCormick and Company (MKC)  sells spices, American Greetings (AM) greeting card company,  3Com Corp (COMS) makes routers and switches,  announce earnings before the market opens.

Lyris Inc (LYRI) business software, announces earnings today.

Earnings Announcements After the Close:Research in Motion (RIMM) maker of the Blackberry,  announces earnings after the close.

Posted in Sentiment.

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