NEW YORK (Thomson Financial) - Thomson Financial North America Daybook -
Wednesday, June 11, 2008
MAJOR U.S. EQUITY INDEXES:
Wall Street headed for a lower open Tuesday after comments from Federal
Reserve Chairman Ben Bernanke signaled interest rates might need to be raised to
fight inflation.
Bernanke in a speech late Monday reiterated what investors know, that the
risk of inflation has increased with rising oil and other commodities prices.
But he also believes that the chances of a substantial downturn in the economy
has fallen, and that raised Wall Street expectations the central bank might soon
be comfortable in raising interest rates.
Crude-oil futures climbed 37 cents to $134.77 in premarket trading on the New
York Mercantile Exchange.
ECONOMIC DATA:
- Treasury budget for May, 2 p.m. ET, -$155 billion estimate
EARNINGS HIGHLIGHTS:
Company Symbol Period Estimate Time
Casey's General Stores CASY 4Q $ .25 AMC
Korn/Ferry International KFY 4Q .36 NTS
Figures in parentheses denote losses.
COMPREHENSIVE EARNINGS LIST:
CASY (AMC-ET), CYBX (AMC-ET), DUCK (AMC-ET), MN.TO (AMC-ET), NAVR (AMC-ET), SEH
(AMC-ET), DAB (BMO-ET), FGL.TO (BMO-ET), EGR (NTS), HOFT (NTS), KFY (NTS),
NWF_UN.TO (NTS), VT.TO (NTS)
BMO - Before market opens
AMC - After market closes
NTS - No time supplied
(The Associated Press contributed to this story.)
Padraic Cassidy
pc/pc
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