Thursday, May 11, 2006

Morning News

  • Futures are up just a bit this morning pointing to a higher open.
  • Natural Gas inventories to be released this morning.
  • Weekly jobless claims due to be released today.
  • Retail sales data will also be released today.
  • Federal Reserve lifts interest rates as expected and left the door open for more rate hikes depending on data.
  • U.S. Treasury has decided that China has not met the requirements to be named a currency manipulator.
  • Novartis AG to build a $400 million vaccine plant here in the U.S. The plant will use latest technology to produce Avian Flu vaccine in case of a pandemic.
  • GlaxoSmithKline granted injunction from court against animal rights activist.
  • Crude oil is $72.41 per barrel.
  • Wholesale gasoline up to $2.16 per gallon.
  • Natural Gas remains just below $7.00 per unit.
  • Gold continues its climb current price is $711.00 per ounce.
Budd Foxx

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