European stock markets turned lower and oil prices pared losses in midmorning action on Tuesday, after media reports said ballistic “objects” were launched from the Mediterranean Sea. The Russian defense ministry said two objects were fired toward the eastern Mediterranean and detected on radar, according to Reuters.
More Syrian leaks than Fukushima and it’s still a hurry up and wait situation.
Last week London bookmakers made odds that the CEO of $NOK may take the baton from Ballmer at $MSFT. This morning Microsoft announced the purchase of Nokia’s device unit for $7B. In Ballmer’s last stab at greatness, he will install rotary dials on all the phones. Two drunks walking in traffic.
$CBS and Time Warner (TWC) have kissed and made up.
British construction activity grew at the fastest pace in six years. PMI figures in Asia and Europe were good.
Look for PMI data, ISM manufacturing and construction spending this morning.
The NFL season kicks off Thursday with Broncos/Ravens