- Pre-Market Indications

Wednesday, March 12, 2008

Pre-Market: Stock Trading Before the Markets Open from CNNMoney

Pre-Market: Stock Trading Before the Markets Open from CNNMoney

FTSE 100+108.90+1.91%5,799.30
CAC 40+97.77+2.11%4,725.46
HANG SENG+427.41+1.86%23,422.76
NIKKEI 225+202.85+1.60%12,861.13

U.S. Dollar vs Euro+0.0115+0.75%1.5454

U.S. Dollar vs Yen-0.7900-0.76%0.0097

U.S. Dollar vs UK £+0.01+0.47%2.02
Open Closed

Among companies to watch, Freddie Mac (FRE, Fortune 500) and Fannie Mae (FNM) may have to issue in excess of $10 billion in new stock this year as the government-sponsored mortgage lenders continue to serve as a backstop for the deteriorating housing market, The Wall Street Journal reported Wednesday.

Take-Two Interactive (TTWO) posted a bigger-than-expected loss late Tuesday, but raised its outlook for 2008. The video game publisher also reiterated its rejection of a $2 billion buyout offer from rival Electronic Arts (ERTS).

And Japanese officials are investigating a possible defect in the lithium-ion battery in Apple Inc.'s (AAPL, Fortune 500) iPod Nano model after a report that the digital music player emitted sparks while recharging, officials told the Associated Press.

Light, sweet crude for April lost 15 cents to $108.60 in electronic trading. The front-month contract hit a new trading record below $110 a barrel Tuesday.

Gold prices also retreated. COMEX gold for April fell $1.10 to $974.90 an ounce.

The dollar fell as traders shrugged off the Fed's move. The greenback slipped against both the yen and euro

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