The Morning Morsel- Asia Weighs

Europe stocks dipped in early trade on Monday, with weaker Asia markets setting the tone with a downgrade for some chip stocks and declines in the resource sector also weighing.

China is taking ink on the front page too, as Google may bail from the country and China’s Premier is discussing the possibility of tightening to avoid a double dip.

Moody’s is out warning that the U.S and the U.K. are at risk of losing their AAA rating. Metals and mining stocks are lower and oil has dipped below $81.

The market has been like a runaway Prius lately so we will have to see if these headlines will curtail all the recent euphoria and start a change in trend. None of these events are necessarily new, but they are taking up space on the front page this morning.

Senator Dodd releases his financial reform plan at 2PM today and the Federal Reserve bank presidents will meet this week in Washington to hash over their forecasts and plot their strategy for restoring health to the economy.

Trade loose, but play em tight this week.

Monday, March 15, 2010

08:30 March Empire Manufacturing, Chile Feb Copper Exports
09:00 Jan Net Long-Term TIC Flows, Jan Total Net TIC Flows
09:15 Feb Industrial Production, Feb Capacity Utilization
13:00 March NAHB Housing Index
Roth Growth Stock Conference. UBS Asset Gatherers’ Conference. UBS Life Sciences Investor Conference. Ex-dividend: HPQ $0.08, AVF $0.481.
Before the Open: AAON, AOB, GSOL, GTXI, HWCC, RDNT, SGK, STRL. After the Close: ATHN, ESC, GOK, HQS, SSW, SQNM, CLUB.
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