From: Ike Groff <Ma Subject: Early Tour 7.31.12 Date: Tue, 31 Jul 2012 10:14:54 +0000 Good Morning ... European Markets mixed (IBEX +1.4%, MIB +0.74%, DAX +0.56%) ... Nikkei +0.69%, HSI +1.08%, SHCOMP -0.30%, KOSPI +2.07%, ASX +0.55% EUR 1.2282 (+0.18%) JPY 78.24 (-0.08%) EUR/JPY 96.12 (+0.28%) AUD 1.0529 (+0.25%) Spain 10yr 6.61% Italy 10yr 6.00% US 10yr 1.50% Futures: Dow +44, Nasdaq +11, III +4 DXY $82.71 (-9c) Crude $90.15 (+38c) Gold $1629.60 (+$5.50) Silver +1.02% Copper +1.17% Month end (SPX +1.7% mtd) and hopes for more central bank action had Asian markets close higher with the exception of the SCHOMP which continues to underperform. China PMI out tonight 0 9pm tonight and Europe/US PMI's tomorrow morning. Sueddeutsche reporting again that plans to give the ESM a banking license to give it access to unlimited ECB funding are gaining support (although Germany still opposes). Headline on Bloomberg saying Merkel adviser Bofinger advocates ECB buying of government bonds getting some attention but note this is not a new opinion from Bofinger. Some headlines out from Premier Wen as well saying he will boost policy support for the real economy in China in H2. Hollande hosts Monti for a working lunch in Paris this afternoon. FOMC tomorrow and most expect them to wait until the Sep meeting for further action. SPA's +4 handles =1384 last. ***Person Income & Spending 0 8:30am, CaseShiller Home Price Index 0 10am*** ***Chicago PMI 0 9:45am, Consumer Confidence 0 10am*** ***COH, DISCA, PFE, TYC, X i's pre-open** Seagate eps & revs miss ests (trading -8%) (no mention deal with OCZ trading -15%) Former interim CEO Ross Levinsohn will leave Yahoo effective today (as expected) Fisery profit +79% as eps beats & raised lower end of y reps forecast (trading inline) facility afternoon) -4.0%) (trading ) Flowserve Q2 adjusted eps & sales beat estimates - full year eps view reaffirmed Humana now sees FY eps $6.90-$7.10 (down from previous