The Hang Seng joined the Nikkei in the green adding 261.5 points to 18,520.53. It was led by New World
and Henderson Land Development Co. up 6.13 and 4.91% respectively.
Europe began today with a jolt with investors expecting ECB talks could lead to a stimulus. The
FTSEurofirst 300 is currently up over 1.6% with the Eurozone banks helping out up 2.9%. The Eurofirst
was led by Basic resources stock, up 3.8% while Ahold stock, a Dutch supermarket, drug the average
down with its 4.4% loss.
In PreMarket matress stocks are being watched after Tempur-Pedic cut its earnings guidance on
weak US demand. Select comfort and Matress Firm both took huge hits in pretrading of 12.8 and 13.3
respectively.
Commodities are enjoying the morning with crude above the $85 mark, gold and silver also in the green
and natural gas slacking in the red.
The MBA Purchase application made its appearance this morning showing the purchase index down
1.8% for the week of June first putting it back to mid-April level.
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