Bobby's Corner Market Open 8.7.2008

Good Morning:

The dollar was a touch softer as both the ECB and the BOE left their benchmark interest rates unchanged.  ECB at 4.25%, BOE at 5%.

World Equities were mixed overnight- US Futures are lower this morning following AIG’s higher than expected loss.

Oil: $890.80                                                     Gold: $120.71

Today we have data on:

ECB Press Conference at 8:30 AM

Initial Jobless Claims;   Exp: 420K                                Prior: 448K    Actual: -455K

Pending Home Sales:    Exp: -1%                                  Prior: -4.7%

Have a GREAT DAY and GOOD LUCK