** US & ASIAN WRAP **
** US MARKETS **
Dow -1,88%; Nasdaq -1,5%; S&P -1,68%; Soxx -1,15%; Russel2k -1,58%; DJAIG
-0,77%; 10yr Bond 0%; 10yr Yield 5,15%; Crude future 68,37; Gold 680,91
| Technology -1,05%| Healthcare -1,11%| ConsStaples -1,12%| ConsDisc -1,32%|
Utilities -1,73%| Financials -2,01%| Industrials -2,02%| Telecom -2,33%| Energy
-2,63%| Materials -2,66%
** US HEADLINES **
- U.S. Stocks Slide the Most Since January on Propsect Fed Will Raise Rates
- Canadian Stocks Drop for a Sixth Straight Day, Led by Commodities Shares
- Burger King Raises $425 Million in Public Offering of U.S. Fast-Food Chain
- Harvard’s Endowment Raises Infosys Stake to Biggest Overseas Stockholding
- Treasuries May Decline for Second Day as Traders Bet Fed Will Raise Rates
** US AFTER HOURS **
Companies reporting after hours include Intuit (INTU unch), Gymboree (GYMB,
+0.5%), BEA Systems (BEAS, +3%) and Petsmart (PETM, unch).
** IN PLAY TODAY **
On the economic front initial claims will kick things off at 14:30 CET
while the April Leading Indicators report is scheduled for 16:00 CET. Closing
out an important week of economic data at 18:00 CET with the latest read on
regional manufacturing will be The Philadelphia Fed Index.
With regard to the diminishing number of companies left on the earnings
calendar, Advance Auto Parts (AAP), Barnes &Noble (BKS), and Sears Holdings
(SHLD) are scheduled to report before the bell. After the close, Dell (DELL)
will be the headliner followed by reports from Aeropostale (ARO), Autodesk
(ADSK), Cost Plus (CPWM), Nordstrom (JWN) and Marvell Technology Group (MRVL).
** ASIAN MARKETS **
Nikkei -1,28%; Kospi -2,65%; HSI -2%; Taiwan -1,16%; China -1,28%; India -4,67%;
Thailand -2,26%; Australia -1,7%
** ASIAN HEADLINES **
- Asian Stocks Decline Most in a Year on U.S. Inflation; Sony, Samsung Drop
- China Ends a Yearlong Ban on IPOs, Testing World’s Best-Performing Market
- Bank of China Share Sale Brings Out the Gambler in Hong Kong Investors
- Global Copper Consumers Seek More Talks With LME on Price Rally, Trading
- Microsoft, Chunghwa Telecom to Develop Joint Telephone Operating System
- Mandelson Says European Union-Asean Trade Agreement Is Possible By 2009
- South Korea Plans to Relax Rules on Investment to Help Curb Currency Gains