Wed.  April 9, 2008

Good Morning:

 
The markets were fairly stable in overnight trading.

Markets are awaiting Thursday’s interest rate decision by both the ECB and the BOE.

The ECB is expected to leave rates unchanged.

The BOE is expected to lower rates by 25 bps to combat a sluggish UK economy.

 
World equity markets were lower on continued concerns that the credit crisis will continue and expand to other regions.

 
US futures are slightly lower this morning.

 
Oil: $108.10

Gold: $908.30

 
Today we have data on Wholesale Inventories:

Expected: .5%   Prior: .8%

Have a GREAT DAY