The Hang Seng dropped 1.4 today with its biggest loss going to Li & Fung Ltd of 5.48%.
Business activity in the Euro Zone fell for a fifth straight Month in June, along with the manufacturing
slowdown led Euro stock to fall with the FTSEurofirst 300 losing .4%. Leaders of Spain, France, Italy and
Germany are meeting in Rome today try and restore some confidence ahead of the EU Summit next
week. Like Japan, banks outperformed the market in Europe up 1.2% led by Spanish banks after the
latest rounds of audits yesterday showed a need of 62B Euros, not the anticipated 100B bailout.
In pre-trade Ford is hit by poor customer satisfaction ratings in JD Power place due to customer
confusion over its new technology MyFord touch infotainment system, lowering stock 3.6%.
Morgan Stanley is looking good after not getting hit by Moody’s’ yesterday up 3.4% before market open.
Commodities are looking alright to start with natural gas, crude and gold all starting in the green and
just silver looking down.
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