ML says US GDP to post -0.3% next yr, the first contraction since 1991 and says this will push corp earnings lower. ML ests S&P 500 operating EPS for 2009 at $63, vs $100 consensus. ML suggests margins will fall and leverage will hurt business ahead.

"We are downgrading our 2008 S&P 500 operating EPS estimate to $78.00 and year-end S&P 500 index target to 1300 (vs 1400). We are also introducing our 2009 S&P 500 operating EPS estimate of $84.00."

The stock market is heading mostly sideways in broad-based weakness.
Sentiment remains negative, with only 21 stocks within the S&P 500 posting a gain. Fannie Mae (FNM 5.29, +0.29) and Freddie Mac (FRE 3.21, +0.40) are leading the way. Exxon Mobil (XOM 79.03, -1.27) and General Electric (GE 28.49, -0.63) are the main laggards.

BMO says home sales "appear to have stabilized around the 5 mln mark (11 consecutive months +/- 150,000)... However, as long as foreclosures continue to boost supply, prices are unlikely to bottom."

RDQ Economics says "Over the next few quarters, foreclosure sales are likely to comprise an increasing proportionof home sales, which should put further downward pressure on home prices."

The major indices stabilize near recently reached session lows as they post steep losses. This session's decline sends the S&P 500 back to the unchanged mark for the month of August. The index was up as much as 3.6% earlier this month.
Fannie Mae (FNM 5.30, +0.30) and Freddie Mac (FRE 3.43, +0.61) extend their gains after a regulatory filing discloses that JPMorgan Chase (JPM 36.38, -1.29) holds $1.2 billion par value of Fannie and Freddie perpetual preferred stocks.
Meanwhile, the IMF cut its forecast for 2008 and 2009 world economic growth by 20 basis points to 3.9% and 3.7%, respectively, primarily due to a worsening outlook for the euro zone, according to Reuters.com, citing a G20 finance official. The Dow Jones World Index is down 2.2% this session.

The yen and Swiss franc rose against most of the other major currencies on bets credit market losses will widen, prompting investors to sell holdings of higher- yielding assets and pay back loans in Japan and Switzerland.
The yen gained the most in more than a week versus the euro on speculation American International Group Inc. will post a quarterly loss and as Columbian Bank & Trust Co. became the ninth U.S. bank to collapse this year. South Korea's won fell to the lowest against the dollar in almost four years as overseas investors stepped up sales of the nation's shares.
``Credit markets may be the prominent concern this week,'' said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. ``That points to outperformance of the yen and the Swiss franc.''
The dollar briefly pared its loss against the yen as an industry report showed U.S. home resales rose last month more than economists forecast.
Resales rose to a 5 million annual rate in July, the National Association of Realtors reported. The median forecast of 75 economists surveyed by Bloomberg News was for an increase to 4.91 million.
``The good news is existing-home sales still look to be bottoming,'' wrote Alan Ruskin, head of currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut, in a research note today. ``The bad news is that this is probably being achieved via foreclosed home sales. The overall foreign-exchange market tenor is generally dollar-neutral to mildly negative for now.''
``We put up a recommendation to go short on the euro at $1.4858,'' targeting $1.4350, wrote Nizam Idris, a currency strategist at UBS AG in Singapore, in a research note today. ``We expect a trend of deteriorating growth conditions to remain intact, and this will most likely keep the euro in a broad downtrend.''
``The euro has downside risks before the Ifo data,'' said Motonari Ogawa, director of currency trading in Tokyo at Barclays Capital Inc., a unit of the U.K.'s third-biggest bank. ``European growth isn't looking that good, so people are likely to react more to data that support that view.''
The Ifo institute's business confidence index in Germany will probably show a decline to 97.2 in August, the lowest since September 2005, from 97.5 the previous month, according to the median forecast of 35 economists surveyed by Bloomberg News. The report is due tomorrow.

BAS says 5m e-home sales in July "implies some stability in demand, but the headwinds of tighter lendingstandards and rising unemployment suggest that a recovery in home sales in 2008 remains a challenge."

Investors seemed to take in stride a report showing that existing home sales rose to a five-month high in July, topping forecasts.
Stocks gained Friday at the end of a tough week, thanks to lower oil prices, a stronger dollar, and comments from Fed Chairman Ben Bernanke that soothed some inflationary worries. The broader market also benefited from bets that troubled Lehman Brothers could be a buyout candidate.
U.S. light crude oil for October delivery rose 15 cents to $114.74 per barrel on the New York Mercantile Exchange.
Lehman Brothers retreated Monday after speculation cooled that state-run Korea Development Bank is likely to buy the firm, following comments from a top regulator Monday.
In the bond market, Treasury prices rallied, lowering the yield on the benchmark 10-year note to 3.78% from 3.86% late Friday. Prices and yields move in opposite directions.
COMEX gold for October delivery fell $5.40 to $824.10 an ounce.

The stock market continues to post a large loss, with all ten sectors in negative territory.
The financial sector (-1.5%) recovers from its lows on reports that Freddie Mac's (FRE 3.04, +0.23) most recent $2 billion debt sale recieved stronger demand than recent sales. The rebound in shares of Freddie, however, are not enough to lift the financial sector out of the red. AIG (AIG 18.92, -0.95) is a laggard after Fitch Ratings put the insurance giant's credit ratings on negative watch, and had its earnings estimates cut at credit Suisse.

"Sales have been stable near this level since late last year, but the recent backup in mortgage rates presents downside risks going forward."

Just hitting the wires, the National Association of Realtors said existing home sales in July rose 3.1% month-over-month to a seasonally adjusted 5.00 million annual rate, which follows the 2.8% decline in June. Economists expected sales to increase 1.1% to 4.91 million.
Existing home sales are down 13.2% year-over-year, and have an inventory supply of 11.2 months, compared to the 2007 average inventory supply of 8.9 months. The median sales price fell 1.3% month-over-month to $212,400, and is down 7.1% compared to last year.
The stock market had already extended its opening losses and then had a limited reaction on the housing data.
Nine of the ten economic sectors are posting a loss, with energy (+0.4%) posting a slight gain as crude oil prices climb 0.3%.

EUR/USD: $1.4850, $1.5000

USD/JPY: Y108.90, Y110.50, Y110.95

EUR/JPY: Y162.00

AUS/JPY: Y95.45

Stock futures fall to session lows, with notable weakness in financial stocks (S&P futures -6,20, Nasdaq futures -8,75). Meanwhile, crude prices are trading in a volatile manner, climbing to a gain of more than 1% before retreating a bit to the current 0.6% advance at $115.20 per barrel.
Wells Fargo is "highly unlikely" to pursue the acquisition of a larger rivel, according to Wells Fargo CEO John Stumpf, the Financial Times reports.
Crude oil prices are trading up 0.5% to $115.17 per barrel following Friday's 5.4% plunge. South Korean regulators told the Korea Development Bank to take a cautious approach before making an acquisition of an overseas bank after the company expressed interest in Lehman Brothers, according to the Financial Times. In deal news, Precision Drilling Trust is buying Grey Wolf for $2 billion in cash and stock.

Light flows see the euro edge up to $1.4778 area for about a 15 pip lift over the last hour or so, tracking the rebound in cable that is a story unto itself. Overnight, euro traded in a broad, one big figure range, with lows seen as cable took a hit and the rebound seen in European hours. Euro now testing the overnight high at $1.4790, supply said positioned to $1.4800 but stops a risk above there.

The dollar rose for a second day against the euro and the pound on speculation a drop in oil prices will support economic growth in the world's largest energy consumer.
The currency also traded near a seven-month high versus the yen following the biggest decline in crude costs in more than three years. Federal Reserve Chairman Ben. S. Bernanke said Aug. 22 the central bank will act should inflation not moderate ``in the medium term.'' The euro fell against the yen before a survey tomorrow that may show business confidence in Germany deteriorated to the lowest level since 2005.
Trading volumes may be lighter than usual as financial markets in London are closed for a holiday.
The euro weakened against the dollar and the yen on speculation declines in German business confidence will discourage the European Central Bank from raising interest rates.
The Ifo institute's confidence index probably fell to 97.2 in August, the lowest since September 2005, according to the median estimate of economists before the release of the report tomorrow.
``The euro has downside risks before the Ifo data,'' said Motonari Ogawa, director of currency trading in Tokyo at Barclays Capital Inc., a unit of the U.K.'s third-biggest bank. ``European growth isn't looking that good, so people are likely to react more to data that support that view.''

EUR/USD made early overnight highs at $1.4792. The move extended to $1.4720 before a slight bounce, though the tone remained heavy as euro-dollar made a brief show under $1.4700 late in the session, dipping to a $1.4696 low before a bounce back to $1.4720 into early Europe. Offers $1.4790/00, stops above, offers $1.4860, bids $1.4700/1.4690

GBP/USD opened Asia around $1.8510/15, with traders reporting strong demand ahead of the $1.8500 barrier. A slight bounce took the pair back to $1.8440 before another dip to session lows at $1.8405. Light flows were reported by those who were at their desks, with cable managing to slowly claw back losses throughout the session, ending the morning taking offers placed around the overnight breakdown point at $1.8490/1.8500 en-route to $1.8520.

USD/JPY eased back to test bids placed around the overnight low into early European dealing, though the move lacked momentum, the pair subsequently making a brief show back above Y110.00 and ending a very quiet morning back around Y109.90. Note expiry interest at Y111.00 is said to be around over this week and into next.opened at Y108.83. Offers around Y110.30, Y110.50, bids - Y109.80 .

Gains in the dollar may be limited by speculation data this week will show U.S. home sales were near the lowest in a decade and consumer spending growth slowed as the economy grapples with rising credit losses after the subprime mortgage collapse
Resales of existing homes, reported by the National Association of Realtors today, gained 1% to a 4.91 million annual rate, staying near June's 10-year low, according to a survey of economists.

- whether rising initial jobless claims are indicative of labor market deterioration;
how much the fading of the fiscal stimulus drags on consumption;
whether exports continue to boost the US economy.
"We think that strong emerging market growth will be enough to keep exports growing."

The dollar rose for a second day against the euro and the pound on speculation a drop in oil prices will support economic growth in the world's largest energy consumer.
The currency also traded near a seven-month high versus the yen following the biggest decline in crude costs in more than three years. Federal Reserve Chairman Ben. S. Bernanke said Aug. 22 the central bank will act should inflation not moderate ``in the medium term.'' The euro fell against the yen before a survey tomorrow that may show business confidence in Germany deteriorated to the lowest level since 2005.
Trading volumes may be lighter than usual as financial markets in London are closed for a holiday.
The euro weakened against the dollar and the yen on speculation declines in German business confidence will discourage the European Central Bank from raising interest rates.
The Ifo institute's confidence index probably fell to 97.2 in August, the lowest since September 2005, according to the median estimate of economists before the release of the report tomorrow.
``The euro has downside risks before the Ifo data,'' said Motonari Ogawa, director of currency trading in Tokyo at Barclays Capital Inc., a unit of the U.K.'s third-biggest bank. ``European growth isn't looking that good, so people are likely to react more to data that support that view.''

``The decline in oil prices has contributed to a quasi rebound in the dollar. Also, what Bernanke said was less dovish than many people had expected. He's still hawkish on inflation.``

Offers around the overnight breakdown point at $1.8490/1.8500 now cleared as cable continues to pare back losses in thin liquidity. Offers placed around the Asian high at $1.8520/25 now eyed as the next target ahead of the US open.

Resistance 3: Y111.80
Resistance 2: Y110.70
Resistance 1: Y110.30
Current price: Y109.90
Support 1: Y109.80
Support 2: Y109.20
Support 3: Y108.10
Comments: USD/JPY holds near a seven-month high. Resistance is near session highs on Y110.30, with a break above will target Aug 15 highs on Y110.70. Strong resistance comes at highs 2008 on Y111.80/90. Strong support comes near Y109.80 (23.6% Fibo of the Y108.10 - Y110.30 rally). Break under opens the way to Y109.20 (50%) and Y108.10 (last Thursday’s low).

Resistance 3: Chf1.1240
Resistance 2: Chf1.1170
Resistance 1: Chf1.1040
Current price: Chf1.0985
Support 1: Chf1.0980
Support 2: Chf1.0920
Support 3: Chf1.0840
Comments: Tech on USD/CHF hasn't changed. Strong resistance zone comes between last week’s and session’s highs on Chf1.1030/40. Above the key level remains at channel line coming today at Chf1.1170. Next band of resistance is around Chf1.1240. Support mentioned near Chf1.0980 (23.6% of Chf1.0840 - Chf1.1030 rise). Under the correction may dip down to Chf1.0920 (61.8%) and Chf1.0840 (last Thursday’s low).

Resistance 3: $1.8780
Resistance 2: $1.8620
Resistance 1: $1.8520
Current price: $1.8480
Support 1: $1.8400
Support 2: $1.8360
Support 3: $1.8280
Comments: Key support is around $1.8400 (trend line from Nov 2007 and also session lows). Break under will accelerate pound’s decline to $1.8360/70 (Jul 23 2006 lows). Stronger support comes at 38.2% Fibo on $1.8280/90 ($1.3690 - $2.1130 rise). Minor resistance is near session highs on $1.8520 with a break above will target $1.8620. Strong level is around 23.6% Fibo at $1.8770/80 ($1.9930 - $1.8410 decline and Auf 21 highs).

Resistance 3:$1.4960
Resistance 2: $1.4880
Resistance 1: $1.4800
Current price: $1.4743
Support 1: $1.4695
Support 2: $1.4630
Support 3: $1.4470
Comments: Tech on euro hasn't changed. Support comes at session low on . Support comes at session low on $1.4695. Below losses may widen to Aug 19 lows at $1.4630/40. Key support is around channel line from Jul 22 on $1.4470. Minor resistance is near session high on $1.4800, with a break above opens the way to Friday’s high on $1.4880/90. Stronger resistance comes on 23.6% Fibo level at $1.4960 ($1.6030 - $1.4630 decline).

EUR/USD: $1.4850, $1.5000
USD/JPY: Y108.90, Y110.50, Y110.95
EUR/JPY: Y162.00
AUS/JPY: Y95.45

AUS/USD dragged, taking out decent exporter interest at $0.8630/40 down to session lows at $0.8615. Aussie has bounced back to $0.8650 at time of writing, traders reporting decent demand at $0.8610 with stops under last week's lows on a break of $0.8595. Offers are back at $0.8690/0.8700 with Techs noting near-term resistance at $0.8716 (5-day m/a).

USD/CHF pushed back up towards last week's highs overnight, the move running out of steam at Chf1.1035 and easing back to a Chf1.0995. Traders report stops building to the topside through Chf1.1050 now, which if triggered would expose the February highs at Chf1.1105. Techs say the rate is still rading within the upchannel from the July lows, today coming in at Chf1.0781-Chf1.1168.

EUR
Bids: $1.4675/70, $1.4635/30, $1.4600
Offers: $1.4760, $1.4790/00

JPY
Bids: Y109.80
Offers: Y110.30/50, Y111.00

GBP
Bids: $1.8400/90

Offers: $1.8490/00

AUSSIE
Bids: $0.8610, $0.8595

Offers: $0.8690/0.8700

The dollar rose for a second day against the euro on speculation a drop in oil prices will support growth in the world's largest energy consumer.
The currency also traded near a seven-month high versus the yen following the biggest decline in crude costs in more than three years.
The euro fell against the yen before a survey tomorrow that may show business confidence in Germany slid to the lowest since 2005. The Ifo institute's confidence index probably fell to 97.2 in August, the lowest since September 2005, according to the median estimate of economists before the release of the report tomorrow.

EUR/USDprintedhighson$1.4795 beforeabitunder$1.4700. Bids supported euro and rate rebounded to $1.4741.

GBP/USD fell from $1.8530 to $1.8400 before recovered to $1.8460.

USD/JPY tested Y110.30 before sliding to Y109.80.

Gains in the dollar may be limited by speculation data this week will show U.S. home sales were near the lowest in a decade and consumer spending growth slowed as the economy grapples with rising credit losses after the subprime mortgage collapse
Resales of existing homes, reported by the National Association of Realtors today, gained 1% to a 4.91 million annual rate, staying near June's 10-year low, according to a survey of economists.

Japan's benchmark stock indices ended the day higher, although shy of the day's best levels. The benchmark Nikkei 225 was higher by 212.62 points, or 1.68%, at 12878.66. The broader-based TOPIX was 22.83 points higher at 1239.25.

Oil prices rallied above the $120 a barrel level last week and gold staged an impressive rebound, dispelling some of the negative sentiment towards commodities which has accumulated this summer. On Thursday, US crude prices surged to a high of $122.04, amid rising geopolitical tensions following Russia’s decision to suspend military co-operation activities with Nato. Oil traders remain concerned about the possibility of further disruptions to Azeri crude supplies in spite of the end of the war in Georgia.

US stocks ended a volatile week lower as investors continued to fret about the health of the financial sector, particularly mortgage giants Fannie Mae and Freddie Mac, and responded to a mixed set of earnings news and economic data. Stocks staged a rally on Friday after a speech by Federal Reserve chairman Ben Bernanke and a fall in oil prices, but remained in negative territory for the week. In spite of the rally on Friday the S&P 500 index was down 0.5% for the week at 1,292.19 and the Nasdaq Composite was 1.5% lower at 2,414.71. The Dow Jones Industrial Average ended the week 0.3% lower at 11,627.49.

Friday’s stock market rally came after Mr Bernanke indicated the Fed should be able to maintain its low federal funds target rate for some time, as the recent drop in commodity prices coupled with reduced demand for resources due to the economic downturn should reduce the threat of inflation. Fannie Mae shares fell 37% over the course of the week and Freddie Mac shares were down 51% at $2.81 as speculation mounted that the embattled mortgage lenders would have to be bailed out by the government. The crisis surrounding Fannie and Freddie seemed to ease slightly on Thursday as both the equity and debt of the two US mortgage financiers rallied, but concerns about their long-term health remained.

Lehman Brothers was also in sharp focus, with rumours rife that it could soon be a takeover target. The investment bank saw its shares slump early in the week before shooting up more than 15% on Friday on dealing room chatter in New York linking it with bid interest from Korea Development Bank. KDB went on to acknowledge it had been in talks with Lehman over the potential sale of a major stake in the company. The bank continues to be surrounded by worries about its ability to withstand losses and writedowns related to the credit crisis. Its shares fell 11% on the week. Lehman’s problems brought other Wall Street Banks into focus. Goldman Sachs ended the week down 2.1%, Morgan Stanley was down 5% while Citigroup fell 2.2% and Merrill Lynch was 4.1% lower. The S&P investment banking index fell 3.3% and the S&P financials index ended 3.1% down.

In earnings news, fast food chain Burger King Holdings posted a 42% rise in fiscal fourth-quarter net income as customer traffic hit a 10-year high, but its shares still fell 9.1%. Barnes & Noble fell 5.3% after the book vendor cut its full-year ­forecast and posted lower quarterly earnings. HJ Heinz, the food maker, reported a rise of 11% in fiscal first-quarter profit thanks to double-digit sales growth. Robust laptop sales helped push Dow component Hewlett-Packard to a strong performance in the third quarter, in spite of the tough economic climate. HP rose 3.2% after the company reported sales and profits that beat Wall Street forecasts after the market closed on Tuesday.

The dollar’s sharp rally ran out of steam last week as traders booked profits after a strong run that had seen it rise more than 4% since the start of the month. The dollar index, which tracks its value against a basket of six major currencies, stormed to a seven-month high on Tuesday. The dollar also hit a six-month high of $1.4628 against the euro on Tuesday but struggled to maintain its gains later in the week.

Nevertheless, the dollar lost 0.9% to $1.4820 against the euro over the week, fell 0.5% to Y109.95 against the yen and dropped 0.2% to SFr1.0950 against the Swiss franc. The dollar also underperformed against commodity-driven currencies, losing 1.2% to C$1.0458 against the Canadian dollar on the week, falling 0.4% to $0.8701 against the Australian dollar and dropping 1% to $0.7130 against the New Zealand dollar.

Federal Reserve Chairman Ben S. Bernanke said Friday that a drop in commodities, a stable dollar and slowing growth should stem inflation. He added in a speech in Jackson Hole, Wyoming, that the inflation outlook remains ``highly uncertain'' and the Fed ``is committed to achieving medium-term price stability and will act as necessary'' to achieve that goal.

Euro was supported by stronger-than-expected ZEW index, that rebounded to -55,5 in Aug after 16-years low in July. But the 1991 года уровня в июле. The euro partly weakened Friday as the European Union statistics office said that industrial orders in the 15 countries that use the currency fell 7.4% from a year earlier, the most since December 2001.

Resistance 3: Y111.80
Resistance 2: Y110.70
Resistance 1: Y110.30
Current price: Y110.09
Support 1: Y109.80
Support 2: Y109.20
Support 3: Y108.10
Comments: USD/JPY holds near a seven-month high after crude extended its biggest percentage decline in more than three years. Resistance is near session highs on Y110.30, with a break above will target Aug 15 highs on Y110.70. Strong resistance comes at highs 2008 on Y111.80/90. Strong support comes near Y109.80 (23.6% Fibo of the Y108.10 - Y110.30 rally). Break under opens the way to Y109.20 (50%) and Y108.10 (last Thursday’s low).

Resistance 3: Chf1.1240
Resistance 2: Chf1.1170
Resistance 1: Chf1.1040
Current price: Chf1.1010
Support 1: Chf1.0980
Support 2: Chf1.0920
Support 3: Chf1.0840
Comments: USD/CHF holds within the upward channel from Jul 16. But gains in the dollar may be limited by speculation data this week will show U.S. home sales were near the lowest in a decade and consumer spending growth slowed as the world's largest economy grapples with rising credit losses after the subprime mortgage collapse. Resales of existing homes, gained 1% to a 4.91 million annual rate (June's 10-year low), according to the median estimate of economists. Strong resistance zone comes between last week’s and session’s highs on Chf1.1030/40. Above the key level remains at channel line coming today at Chf1.1170. Next band of resistance is around Chf1.1240. Support mentioned near Chf1.0980 (23.6% of Chf1.0840 - Chf1.1030 rise). Under the correction may dip down to Chf1.0920 (61.8%) and Chf1.0840 (last Thursday’s low).

Resistance 3: $1.8780
Resistance 2: $1.8620
Resistance 1: $1.8520
Current price: $1.8428
Support 1: $1.8410
Support 2: $1.8360
Support 3: $1.8280
Comments: GBP/USD extends 5-weeks sell-off Monday, the longest loosing streak since Feb 2006). The pound was dragged down after the weak economic data released last week, when the government report showed the U.K.'s second-quarter gross domestic product was unchanged from the first quarter (lowest since the 2Q of 1992), while analysts predicted the 0.2% rise q/q. Key support is around $1.8410/20 (trend line from Nov 2007 and also session lows). Break under will accelerate pound’s decline to $1.8360/70 (Jul 23 2006 lows). Stronger support comes at 38.2% Fibo on $1.8280/90 ($1.3690 - $2.1130 rise). Minor resistance is near session highs on $1.8520 with a break above will target $1.8620. Strong level is around 23.6% Fibo at $1.8770/80 ($1.9930 - $1.8410 decline and Auf 21 highs).

Resistance 3:$1.4960
Resistance 2: $1.4880
Resistance 1: $1.4800
Current price: $1.4716
Support 1: $1.4710
Support 2: $1.4630
Support 3: $1.4470
Comments: The dollar rose for a second day against the euro on speculation a drop in oil prices will support growth in the world's largest consumer of the fuel. The euro fell before a survey that may show business confidence in Germany, Europe's largest economy, slid to the lowest in almost three years. The Ifo institute's confidence index probably fell to 97.2 in August, the lowest since September 2005, according to the median estimate of economists. Support comes at session low on $1.4710/20. Below losses may widen to Aug 19 lows at $1.4630/40. Key support is around channel line from Jul 22 on $1.4470. Minor resistance is near session high on $1.4800, with a break above opens the way to Friday’s high on $1.4880/90. Stronger resistance comes on 23.6% Fibo level at $1.4960 ($1.6030 - $1.4630 decline).

High Low Close
EUR/USD 1.4899 1.4755 1.4774
USD/JPY 110.13 108.41 110.04
GBP/USD 1.8779 1.8503 1.8508
USD/CHF 1.0999 1.0861 1.0986

EUR/JPY 163.08 161.41 162.57
EUR/GBP 0.7987 0.7919 0.7979
GBP/JPY 204.58 202.75 203.68
GBP/CHF 2.0430 2.0281 2.0335

Change % Change Last
Nikkei 225 -61.33 (-0.68%) 12666.04
DAX 30 +105.46 (+1.69%) 6342.42
САС 40 +95.84 (+2.23%) 4400.45
FTSE 100 +135.40 (+2.52%) 5505.60
Dow +197.85 (+1.73%) 11628.06
Nasdaq +34.33 (+1.44%) 2414.71
S&P +14.48 (+1.13%) 1292.20
10YR 96 -11/32 101 1/32 3.87%
OIL NYMEX -6.59 -5.44% $114.59

UK Summer Bank Holiday
14:00 USA Existing home sales (July), mln 4.92 4.86