Morning News

Futures are pointing to a much lower open

In Japan the Nikkei 225 closed down 1.96%

In Hong Kong the Hang Seng closed down 3.81%

European markets are trading lower by 2.5%

ICSC-UBS Store Sales (wk7/12 , 2008)

Empire State Mfg Survey (Jul , 2008)

Retail Sales (Jun , 2008)

Producer Price Index (Jun , 2008)

Redbook (wk7/12 , 2008)

Business Inventories (May , 2008)

Crude Oil is $146.60 per barrel

Gold is $986 per ounce