Bobby's Corner-Market Open 5.7.2008

Wed.  May 7, 2008

Good Morning:

The dollar pushed up as comments by Fed President Hoenig regarding inflation and interest rates, along with a drop in European retail sales helped the greenback today.

World equity markets were mixed, with Asia lower and Europe higher.  US futures are lower this morning-ahead of the data on home sales this morning.

Oil: $122.22

Gold: $871.60

Data Today:

Non Farm Productivity 8:30 AM:  Expected:  1.2%   Prior: 1.9%

Pending Home Sales 10AM:  Expected:  -.8%   Prior: -1.9%

Have a GREAT DAY and GOOD LUCK