Another Merger Monday Moving Stocks Pre-Market
Mon, Aug 30, 8:56 AM ET, by Betty L. - Freshman Equities Trader, Hedge Fund Live
August-30-2010 Morning Notes - S&P futures flattish this morning - Asian markets showed strength o/n- attributed to credit easing measures in Japan - Japan whose central bank held an emergency meeting and voted to keep the key lending rate at 0.1% and to expand credit to banks by 10-30TR yen - Japan's central bank vote pushed yen lower - European markets down small along with euro being down - FTSE closed today for holiday - Weakness in Europe attributed to weaker than expected eurozone business climate indicator - USD down small this morning - Another Merger Monday: - PAR accepted HPQ's offer for $30/share over DELL's offer for $27/share
- INTC to acquire wireless unit of Infineon Technologies for $1.4B; recall, INTC announced weak rev. guidance on Friday
- SNY offered to pay $69/share for GENZ, which GENZ has rejected as they believe the offer undervalues the company
- MMM to acquire COGT
- July Personal Income: 0.2% vs. 0.2% - July Personal Spending: 0.4% vs. 0.3% - July PCE Core Prices m/m: 0.1% vs. 0.1% - Futures up slightly after above economic data release, although they are now sliding as of 8:52a Visit HedgeFundLIVE.com.
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SDI Glossary: "price" Definition SDI Glossary: "Futures" Definition
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