Continue to watch developments in Europe and expect violent protests to continue while unemployment remains unstable in Southern European countries. For now, markets are showing a positive consensus on data with all US indices futures up around the 0.40% mark. Crude oil futures are up 0.89 and metals futures are positive. Gold futures gained 4.60, silver gained 0.2, and platinum gained 10.10 points.
Nike (NKE) and RIM (RIMM) will be releasing earnings reports before the market opens this morning. I expect RIMM to have a negative earnings report, as the company reports it will continue to show signs of weakness in the near future, but they may bounce back on any positive subscriber gains or hopes that the BlackBerry 10 could become a top phone in the market. Analysts are expecting that Nikes sales grew by $35 million, but that profit will decline $0.24 a share to $1.12.
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Alex Kalish has a master’s degree in economics from Suffolk U.