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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: lurqer who wrote (32440)3/6/2001 7:24:27 AM
From: Dalin  Respond to of 65232
 
Top o da mornin Porchies

Updated: 06-Mar-01

06:27 ET: [BRIEFING.COM] S&P futures trading at 1252.50, 9.5 points over fair value, Nasdaq 100 futures trading at 1960, 40.0 points over fair value. The 30-year bond is down 2 ticks at 5.378. Weakness a function of strength in global equities. Mother nature expected to be the talk of the day.

06:26 ET: FTSE +0.65%, DAX +1.00%: [BRIEFING.COM] European stocks playing follow the leader. Telecom and tech regaining the upper hand with investors in bargain hunting mode. Chip designer AMR Holdings, chip manufacturers ASM Lithography and ST, (Europe's largest chip maker), and mobile phone manufacturer Nokia all see good buying interest. Alcatel boosted on the back of MSDW decision to add Europe's second largest phone equipment maker to its "European Fresh Money Buy List". Investor sentiment still not particularly optimistic. Second straight rise in German unemployment puts more heat on the ECB to do its part to promote global economic recovery.

06:25 ET Nikkei +2.97%, Hang Seng +1.31%: [BRIEFING.COM] Asian stocks up BIG on the back of US gains. Nikkei posts largest gain of the year with exporters (Sony +2.6%, Cannon +4.7%, Mitsubishi +3.3%) outperforming with help from a weaker yen. Technology also boosted by Nasdaq gains with Fujitsu, Japan's leading computer maker, up 5.3% and Advantest, the world's largest computer memory chip equipment maker up 6.2%. Taiwan boosted by yesterday's surprise central bank rate cut. Hong Kong's Hang Seng higher with property shares attracting better interest, while Korea's Kospi rose half a percent with a much-needed bounce in foreign favorite Samsung Electronics. Foreign buying evident throughout the region, market internals largely positive.

:0)

Ramblin