Friday May 2, 2008

Good Morning:

The dollar continued to strengthen in overnight trading.  Weak retails in Germany, along with the UK Construction PMI Index falling-all assisted in the dollar moving up.

Stocks rose in Europe and Asia as speculation that the troubles in the financial markets may be subsiding.

US Futures also rose pointing to a higher opening.

Oil: $113.04

Gold: $854.10

Data Today:

Nonfarm Payrolls:  Expected -75K   Prior: -80K

Unemployment Rate:  Expected 5.2%   Prior: 5.1%

Factory Order @10AM Expected .2%   Prior: -1.3% 

Have a GREAT DAY and GREAT WEEKEND