Tuesday April 1, 2008

Good Morning:

The greenback rallied overnight as disappointing economic data from Asia and Europe showed continued signs of a global economic slowdown.

Asian and European equities were higher. US futures are pointing towards a higher opening.

Gold: $902.20

Oil: $101.17

Gold traded below $900 for a brief time last night.

Today’s economic data at 10AM EST ISM manufacturing data for March: Expected 47.9 Prior: 48.3

(Any reading below 50 indicates a contraction in the US manufacturing sector).

Also:

Construction spending; expected to be down 1%

Have a GREAT DAY