(As of 7:20 am PST)
There’s a cautious tone heading into today’s market action.
With little to trade on in early action, investors are gearing up for what
could be perhaps the biggest business event of the year tomorrow – the Apple
product launch. Apple is expected to
unveil the next version of the iPhone, the iPhone 6, at its event
tomorrow. There is also speculation that
Apple is scheduled to introduce a new smart-watch and other technologies that
would launch the world’s largest company into other growing markets. In a
genius marketing and branding move, Apple has created quite the media buzz
going into tomorrow’s big event, which has the investment community on the edge
of its seat. We are excited to see what
Tim Cook and his team has in store tomorrow.
The economic data calendar is light today, with a report on consumer
credit due out later this morning. Around
the rest of the globe, Asian markets finished the day mixed after disappointing
trade data out of China, while European markets are mostly lower. Gold and oil
are down as are interest rates. It looks
like a quiet day is shaping up today.
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