Wednesday, June 06, 2007

Morning News

Futures are pointing to a lower open this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 did close lower.

Crude oil is $65.50 per barrel.

Wholesale gasoline is $2.21 per gallon.

Natural gas remains above $8.00 per unit.

Gold is currently $674.00 per ounce.

First quarter productivity numbers will be out before the open this morning.

Energy Dept. will release weekly inventory levels at 10:30 this morning.

Expectations call for a quarter point rate hike by the European Central Bank.

In a speech yesterday Ben Bernanke stated inflation remains a risk.

Tropical cyclone Gonu disrupting Oman's oil exports for second straight day.

Ebay Inc. reportedly ready to begin auctioning advertising airtime for radio stations.

General Motors, Chrysler, and Ford executives to meet with members of Congress today.

Budd Foxx

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