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

To: Dealer who wrote (39503)	7/31/2001 7:42:35 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Stocks look to open on the upside Investors brace for day's data deluge By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:34 AM ET Jul 31, 2001 NEW YORK (CBS.MW) -- Investors may push stocks slightly higher once trading begins Tuesday, with the day's direction likely to be determined by the spate of economic news on tap. Investors will comb the day's releases for some details on how the economy fared in July. The first glimpse of the state of the labor market in July will come Friday, when the key employment report is released. July consumer confidence is the most pivotal of Tuesday's releases and is seen coming in at 117.5, down a touch from the 117.9 registered in June. The Chicago Purchasing Mangers Index for July and personal income and personal consumption expenditures will also be out. Both the former and the latter are expected to have increased by 0.2 percent. and economic calendar and forecasts. Checking the stock futures markets, the September S&P 500 contract added 1.60 points, or 0.1 percent, in recent trading and stood at about 2.60 points above fair value, according to HL Camp & Co. figures. And Nasdaq futures put on 10.00 points, or 0.6 percent. Meanwhile, Treasury bonds garnered some support in the belly of the curve while both 2- and 30-year issues saw modest losses. The 10-year Treasury note was up 1/32 to yield ($TNX) 5.07 percent while the 30-year government bond lost 2/32 to yield ($TYX) 5.52 percent. In the currency sector, dollar/yen edged down 0.2 percent to 124.88 after staging a remarkable rally on Monday while euro/dollar inched up 0.1 percent to 0.8753.