From: Ike Groff Subject: Early Tour 9.24.14 Date: Wed, 24 Sep 2014 09:53:26 +0000 Wine-Images: irnage001.jpg; image002.png :"_,Description: Description: Good Morning ... European Markets mixed +/- 50 bps (Russia +1.04%, Greece -1.02%) NKY -0.24%, SHCOMP +1.47%, HSI +0.37%, KOSPI +0.33%, TWSE +0.15%, ASX -0.74% EUR 1.2847 (unch) JPY 108.58 (+0.28%) EUR/JPY 139.49 (-0.29%) AUD +0.37% NZD +0.25% RUB +0.60% US 10yr 2.533% Futures: Dow +20, Nasdaq +6, MI +3 DXY $84.69 (+3c) Crude $91.52 (-3c) Gold $1224.00 (+$2.00) Copper +0.03% Silver -0.47% Nat Gas +0.52% Asia was mixed overnight with China A-Shares the clear outperformer. Brokers led gains on local press reports that the Shanghai-Hong Kong connect pilot program may include over 50 brokers while other reports highlighted retail investors opened 2171 accounts during the week. Rails also rallied after Li Keqiang said China wants to participate in Russia's high- speed rail development as well as their current rail network. Japan was lower as it came back online following yesterday's holiday and the Yen strengthened back to the mid-108 levels. Softbank (-3.5%) continues to weigh following the Alibaba IPO. Australia underperformed with banks leading declines on concerns of regulatory changes after the RBA said it might take additional steps to tighten bank lending. European markets opened heavy again following the ugly US close yesterday (very big MI futures volume in the last 10min of trading yesterday), but have since rallied and now mixed on the session. Greece underperforms -1.02% as its 10yr spread is widening out. Germany's IFO Business Climate Index sees its 5th consecutive decline to 104.7 in September (est 105.8 and prior 106.3). Very little single-stock news flow today. TNT Express -11.2% after scrapping its 2015 guidance. And Bed Bath & Beyond +7.0% after the close on better numbers. SPA's +3 handles = 1975.30 last. "'MBA Mortgage Applications @ 7am, New Home Sales @ 10arnan "*ACN,P