Morning Stock Report – Stocks to Watch

International Markets

• Market:

-          Market again driven on eco data. Improving measures in Manufacturing and homes sales support notion worst of recession is behind us.

-          Dow sectors all positive bar Financials: Best; Cons Goods +2.7%, Tech +0.7%, Oil & Gas +0.7%. Worst; Financials -0.6%, Healthcare +0.2%, Industrials +0.5%.

• Commodities:

-          Cu, climbs after China manufacturing increased for fourth straight month. China PMI June 53.2 from 53.1 in May.

-          Gold, rises again trading as a hedge against the USD. USD slides as much as 1.1% against Euro

-          Oil, Falls after Energy Dept shows stockpiles increased more than forecast. 2.33m/bbl to 211.2m/bbl in the wk June 26.

-          Sugar, US & Mexico need 600k metric tones of additional sugar imports over next 3 months. Indian output expected to drop.

• Eco Data:

-          ISM Manufacturing 44.8 v cons 44.9

-          Construction spending MoM -0.9% v cons -0.6%

-          ADP Employment Change -473k v cons -394k

-          Pending Homes sales MoM +0.1% v cons 0.0%

-          Domestic Vehicle Sales 7.2m v cons 7.4m

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