The Madrid Index was up 2.06% as was today after the Spanish Government took over the country’s 4th largest bank, Bankia, by taking a 45% stake. The IBEX was also up over 2.5% which has lost over 20% since mid-March. This also helped stabilize the Euro up to 1.2966 after hitting lows yesterday. Crude is lower yet today due to pressure from china while natural gas is up. Gold is wavering however currently up .50 to 1594.20 while silver remain down. Cicso is one to watch today down about 8% in premarket trading although its revenue climbed 6.6%. The trade gap is at a -51.8b for March from February’s 45.4b. New unemployment claims are at 367k, with new claims down 1k. This is still higher than the 360k levels through March. Import pricing is down -.5% from a prior change of .4%, these are for product that are bought in the US but produced abroad.
