Hang Seng (Hong Kong): -0.31% today.
Australia: +0.64 today; -0.05% today.
Nikkei 225 (Japan): +0.15% today.
Europe at mid-day:
FTSE 100 (UK): -0.01% at 11:17 AM.
DAX (Germany): -0.42% at 12:17 PM
CAC 40 (France): +0.05% at 12:17 PM
SPY pre market open: -0.1 at 105.16 at 6:17 AM
QQQQ pre market open: -0.2% at 6:17 AM
Economic Indicators:Retail sales is expected to show an increase of 2% in August over July when announced at 8:29 AM EST. Most of that increase, 1.6%, is from the cash for clunkers program.
The Producer Price Index (PPI) for August is announced at 8:29 also. It is expected to show a monthly increase of 0.8% over July after a 0.9% decrease in July. The volatility in the number comes from crude oil and food. The core number, with oil and food taken out, is expected to show a 0.1% increase.
Manufacturing in NY region for September is discussed at 8:30 AM. It is expected to go to 15 from 12.08 in August.
Business inventories for July is expected to drop 0.9% from June levels when announced at 9:59 AM.
Earnings Announcements: Best Buy (BBY) an electronics store chain, and Kroger’s (KR) a supermarket chain, and Adobe Systems (ADBE) a software company, announce earnings today.
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