Wednesday, April 16, 2008

Morning News

Futures are pointing to a higher open this morning.

European markets are trading higher today.

In Tokyo the Nikkei 225 did end higher.

Consumer price index for the month of March set to be released before the open this morning.

Industrial production numbers will be released today.

Housing starts also set to be released today.

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

Yesterday's action saw the Dow tack on 60 points, the Nasdaq added 10 points, and the S&P closed 6 points higher.

Intel Corp. out with better than expected quarterly results.

JP Morgan quarterly profit down 50% on writedowns.

Coca Cola out with good quarterly results on international sales.

Crude oil all the way up to $114.00 per barrel.

Wholesale gasoline is $2.88 per gallon.

Natural gas up to $10.27 per unit.

Gold is currently $940.00 per barrel.

Budd Foxx

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