Updated: Aug 20, 2010 6:12 AM EDT
Focus Stories
1. Germany Central bank raised growth forecast and U.K. deficit narrowed giving euro markets an early kickstart
2. MA buying DATA.LN for 333mm GBP
3. Retailers continue to roll out numbers this morning (SPLS, SHLD, PLCE, NWY, WSM, GME, ROST)
4. RSH announced buyback last night. People reading as a negative due to company shopping itself, we buy the dip. We have seen institutional money moving into the space.
5. Tech sector in focus with HPQ, DELL, MRVL, and CRM reporting after the close.