Thursday, April 05, 2007

Pre market

Mixed markets across Asia. The same is true with the European indices.

Jobless claims are up suggesting economic growth is still sluggish.

China is increasing bank reserve requirements in order to stem growth.

The Board of England leaves interest rates unchanged.


Constellation Brands beats analyst estimates on rising beer sales.

Micron Tech indicates memory chip pricing seems to have stabilized.

Ninetendo beats sales and profit estimates. I do believe this will be the case for the rest of the year. The WII is going to do for Nintendo what the IPOD did for Apple.

Futures indicate a mixed open . I do not expect to see a big move in either direction today ahead of the long weekend. Volume has been light all week and will continue to be so today.

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