From: Ike Groff <Ma Subject: early tour 3.30.11 Date: Wed, 30 Mar 2011 10:41:44 +0000 Good Morning ... European Markets up 45-150 bps (DAX +1.47%, financials underperforming again)... Nikkei Closed +2.64% (Hang Seng +1.7%, China -8 bps) EUR 1.4060 (-0.38%) JPY 83.14 (-0.80%) (G7 intervening again?) AUD 1.0301 (+0.09%) Nat Gas +75 bps Silver +1.09% Futures: Dow +50, Nasdaq +15, III +6 $1419.60 (+$2.10) DXY $76.33 (+15c) Crude $104.26 (-52c) Gold ***ADP Employment Change @ 8:15am*** ***Irish stress test results due out tomorrow @ 4:30 pm local time*** ***FDO reports pre-open, MOS reports after close*** premium) Valeant Pharma makes hostile bid to acquire Cephalon for $5.7B ($73/shr = 24% Portuguese five-year note yield rises above 9.0% for the first time in the Euro era Irish stress test results may leave government in control of all country's banks (Bloomberg) Bullish sentiment increases to 51.6% from 50.6% in the latest US Investor's Intelligence poll bid range BlackRock will replace Genzyme in the III 500 after the close of trading on April 1 House votes to stop any new funding to Obama's Home Affordable Modification Program Lundin Mining ends Inmet deal and adopts "poison pill" defense to thwart Equinox Leon Black's Apollo raises $565.4 million after IPO priced at the top end of the Consumer confidence in the Euro region decline more than economists forecast on Japan/energy Sonova executives resign after insider trading probe (trading -7.5%) (-30% in the past month) III cuts Nokia credit rating one level to A- from A with a stable outlook (trading -24 bps) ICBC beats estimates as margins widen and lending grows (BOCOM beats as well) CIC (China sovereign wealth fund) returned as much as +40% in U.S. real estate in 2010 China Cosco forecasts a 32% drop in dry-bulk traffic this year on global overcapacity billion charge) Tullow Oil sells stakes in Ugandan exploration blocks to Total & CNOOC for $2.9 Tepco president admitt