The Hang Seng had a late rally to finish flat, their biggest mover being China Overseas Land &
Investment losing 3.3%.
European stocks are higher today after recent Spanish news is expected to prompt action from the
European Central bank. I believe this could also help prop Japanese stocks tomorrow. The FTSEurofirst
300 gained .4% and at the center of the storm the Madrid IBEX was able to add 1.6%. The British
company Weir Group managed a rally of 4.8% after giving an upbeat outlook.
Pre-market Monster Energy took a hit when downgraded to underperform all the way from outperform
with analysts seeing a peak in the US energy drink market. MNST is down 1.5% in pre-trade.
JCPenny is also taking a hit in pre-trade after news that a top exec is leaving the company leaving them
down 5.5%.
Commodities are set to begin with energies trading down and metal trading in the green this morning.
Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu