Pre Market

The markets in Asia all closed in green save Japan. Europe is all red.

Lehman Brothers Q2 profit up 27% on robust stock trading and buyout business.LEH shares are up along with GS MS MER

Texas Instruments reduces top end of it earnings forecast.The chip sector is thus under selling pressure this morning. Weakness in INTC AMAT NSM MU SNDK .

Employers in the US are expected to continue hiring at the same pace next quarter as they have the previous three months.

Inflation continues to soar in China as rising pork prices causes 8.3% jump in food prices and pushes overall May inflation up to 3.4%.

Pre market futures are indicating a lower open for US equities.