Monday, April 16, 2007

Pre Market

Strong markets across Asia with very big moves in China and India. The European indices are very bullish too. This global bullishness is expected to continue into the US markets.

Retail sales were higher in March indicating consumer spending is still strong.

Citigroup Q1 earnings decline but beats estimates.

In light of the strength in overseas markets, I expect the US markets too have a moderately bullish day ahead of tomorrows CPI numbers. Financials which have been trailing in recent weeks, look exceptionally strong today with the big Wall Street banks all up in pre market trading.

No comments: