From: Ike Groff Subject: early tour 6.3.11 Date: Fri, 03 Jun 2011 10:39:09 +0000 Good Morning ... European Markets mixed (Greece +2.32%, DAX +21 bps) ... Nikkei Closed -66 bps (Hang Seng -1.31%, China +84 bps) EUR 1.4488 (-0.02%) JPY 80.59 (+0.39%) GBP 1.6292 (-0.48%) NZD .8109 (-0.56%) AUD 1.0652 (-0.17%) 10yr 3.00% Silver -2.48% Futures: Dow -40, Nasdaq -10, S&P -5 DXY $74.34 (unch) Crude $99.39 (-$1.01) Gold $1527.20 (-$5.50) ***May Labor Report @ 8:30am (Payroll Estimates: NFP +165k, PP +173k)*** ***Hong Kong, Korea, China, Taiwan and New Zealand close Monday (Dragon Boat Day)*** EU & IMF will complete review of Greece's $113B asset sale & austerity measure plan today preparing nation's 2nd bailout Fiat to pay the US Treasury $500M for its 6% stake in Chrysler Group (right to UAW shares) (ends Treasury involvement) LG Electronics (world's 3rd largest mobile phone maker) said recovery in handset business may take longer (trading -1.2%) PBoC issued a "stark warning" over as much as RMB14trl in loan exposure to local gov. financing (China Bank names hit) Diamond Foods turns to Q3 profit on better sales & margins but issued disappointing outlook for current qtr (trading -2%) Cooper Companies bottom line surged 7-fold because of heavy charges in prior year period & boosted FY outlook Verifone eps beat & boosts guidance saying bullish on topline revs from software, services and equipment for NFC wallets Groupo Modelo & Molson Coors exploring a joint bid for Australia's Fosters Group (surged 3.5% giving it $9.2B market value) Prada (planning June 24th ipo) forecast growth of at least 46% in first half profit as it opens more stores in Asia Hong Kong home sales fell for a fifth straight month in May as rising mortgage rates continue to dent buying sentiment China non-Manufacturing PMI followed the Manufacturing PMI in a decelerating trend (61.9 vs 62.5 - however still expansion) Chinese gov't announced it intends to double the s