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Monday, April 30, 2012

Morning Report

Vital Statistics:

Last Change Percent
S&P Futures  1394.8 -3.7 -0.26%
Eurostoxx Index 2318.5 -25.6 -1.09%
Oil (WTI) 104.2 -0.8 -0.71%
LIBOR 0.466 0.000 0.00%
US Dollar Index (DXY) 78.91 0.199 0.25%
10 Year Govt Bond Yield 1.91% -0.02%  
RPX Composite Real Estate Index 173 -0.4  


World equity markets are down slightly this morning as Spain officially entered a recession, although the GDP report was better than expected. Merger Monday is back, with a deal in the energy space (Sunoco) and the healthcare space (Gen-Probe). Bonds and MBS are up small.

Personal income came in at +.4%, and personal consumption came in at +.3%.  The Personal Consumption Expenditure (PCE) indices indicate inflation is well under control. The National Association of Purchasing Managers - Milwaukee showed business conditions are improving slightly overall for companies in the Northern Midwest.

No, they didn't just do a reverse split. Barnes and Noble has doubled this morning on a strategic deal with Microsoft. The new company (NewCo - clever name) will involve the digital and College businesses of B&N and involve a Nook application for Windows 8. This looks like the culmination of B&N's strategic alternative review announced earlier this year.

Tomorrow (May 1) is New Year's Eve for the Left. Expect disruptions in the City and overseas.

No M.R. tomorrow as I will be traveling. Wed and Thurs MRs will be late.

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