Morning Market Briefing

Morning Market Briefing Wednesday, October 5, 2011, 09:01 Contents Commentary Economic News Earnings News Corporate News Broker Ratings Changes Todays WS Events Commentary Stocks May Move Modestly Higher On Upbeat Jobs Data - U.S. Commentary After moving sharply higher in the final hour of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a modestly higher open, with the Dow futures up by 22 points. (Oct 5, 2011) Full Article Economic News Australia Retail Sales +0.6% In August Retail sales in Australia climbed a seasonally adjusted 0.6 percent on month in August, the Australian Bureau of Statistics said on Wednesday, standing at A$20.812.7 billion. (Oct 5, 2011) Full Article Moody's Downgrades Italy's Bond Rating By Three Notches Moody's Investors Service said it is downgrading Italy's government bond ratings by three notches amid concerns over the material increase in long-term funding risks to euro area sovereigns. (Oct 5, 2011) Full Article Eurozone Retail Sales Decline Amid Debt Worries Retail sales in Eurozone fell for the first time in three months in August as consumers turned reluctant to spend amid lingering debt woes in the region. (Oct 5, 2011) Full Article U.K. Q2 Growth Downgraded The U.K. economy logged weaker than expected growth in the second quarter, raising chances of additional quantitative easing from the central bank in order to underpin the fragile recovery. (Oct 5, 2011) Full Article U.S. Private Sector Employment Increases More Than Expected In September Employment in the U.S. private sector increased by more than expected in the month of September, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday, although the pace of job growth remains moderate. (Oct 5, 2011) Full Article Earnings News Yum! Brands Q3 Profit Edges Up Yum! Brands Inc. (YUM) Tuesday posted a higher third-quarter profit thanks to a "strong" performance in China and other emerging markets. Adjusted earnings were on par with analysts' estimates, but revenues topped. (Oct 5, 2011) Full Article Costco Wholesale Q4 Profit Climbs Costco Wholesale Corp. (COST) reported Wednesday a rise in fourth-quarter profit as inflation in gasoline prices and strong foreign currencies resulted in a 12 percent rise in same-store sales. The results exceeded Street expectations. (Oct 5, 2011) Full Article RPM International Q1 Profit Rises RPM International Inc. (RPM) Wednesday said first-quarter profit increased year-over-year due to sales growth in its industrial and consumer segments. The results beat the market view. (Oct 5, 2011) Full Article Corporate News US Airways September Traffic Marginally Down US Airways Group Inc. (LCC) announced Wednesday a 0.9 percent drop in September traffic, with a load factor improvement of 1.5 percentage points compensating for the 2.7 percent decrease in capacity. (Oct 5, 2011) Full Article Broker Ratings Changes Robert W. Baird Downgrades Comverge, Inc. (COMV) To Neutral From Outperform With $3 down from $7 Price Target (Oct 5, 2011) Todays WS Events Boston Properties Investor Conference At 8:00 AM ET Boston Properties Inc. (BXP) will hold an Investor Conference will discuss the Company's current strategy, business and financial matters. The event is scheduled to begin at 8:00 AM ET on October 5, 2011. To access the live webcast, log on at www.bostonproperties.com (Oct 5, 2011) Monsanto Q4 11 Earnings Conference Call At 9:30 AM ET Monsanto Co. (MON) will host a conference call at 9:30 AM ET October 5, 2011, to discuss its Q4 11 earnings results. To access the live webcast, log on at www.monsanto.com/investors (Oct 5, 2011) Yum! Brands Q3 11 Earnings Conference Call At 9:15 AM ET Yum! Brands Inc. (YUM) will host a conference call at 9:15 AM ET on October 5, 2011, to discuss its Q3 11 earnings result. To access the live webcast, log on at http://investors.yum.com/phoenix.zhtml?p=irol-eventDetails&c=117941&eventID=4209571 (Oct 5, 2011) Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service