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Steady-To-Higher

EQUITIES

Extension-related buying appears to have buoyed stocks/futures this morning.

Asian stock markets closed mixed, with Japan's NIKKEI down 260.27 pts or
-1.15% at 22397.11 and the TOPIX down 20.08 pts or -1.28% at 1549.04.
China's SHANGHAI closed up 66.592 pts or +2.06% at 3294.552 and the
HANG SENG ended 110.38 pts higher or +0.45% at 24883.14.

- European markets are likewise mixed, with the German Dax down 17.03 pts
or -0.13% at 12816.03, FTSE 100 up 14.51 pts or +0.24% at 6144.98, CAC 40
up 31.75 pts or +0.64% at 4962.44 and Euro Stoxx 50 down 0.34 pts or -0.01%
at 3303.24.

- U.S. futures are steady-to-higher, with the Dow Jones mini up 6 pts or
+0.02% at 26302, S&P 500 mini up 4.75 pts or +0.15% at 3217.25, NASDAQ
mini up 43.25 pts or +0.41% at 10581.75.

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