Bobby's Corner-Market Open 4.30.2008

Wed April 30, 2008

Good Morning:

The greenback is stronger across the board as speculation that the Fed may signal an end to its easing policy after today’s FOMC meeting.

Also today the euro weakened as German unemployment fell less than expected.

World Equity markets were lower as earnings from Time Warner and SAP disappointed investors.

US Futures are also lower following the Time Warner earning report.   

Oil: $115.73

Gold $867.20

Today we have a slew of economic data:

ADP Employment Change:  Expected: -60K   Prior: 6K

GDP:  Expected:  .3%   Prior: .6%

Chicago Purchasing Manager:  Expected: 48.0   Prior: 48.2

FOMC Rate Decision:  Expected to lower benchmark by 25 bps to 2%

Have a GREAT DAY and GOOD LUCK