The day ahead
Posted 07:01 a.m., May 13, 2008
World stock markets were mixed overnight on mixed news from a pair of major French banks and a worrisome report on British inflation. A dip in oil prices boosted the dollar against other major currencies, while gold moved lower.
Gasoline prices locally set another record high this morning, according to AAA’s Fuel Gauge Report. The average price of a gallon of regular unleaded was $3.587 compared with $3.562 yesterday, $3.223 a month ago and $2.804 a year ago.
Major economic report scheduled today: April retail sales. Consensus forecast: down 0.1 percent after rising 0.2 percent in March. (But see my posting yesterday on “Deflating Retail Sales” for further details.)
Also today, Federal Reserve Chairman Ben Bernanke will be speaking about “liquidity” at a Fed-sponsored conference in Sea Island, Ga., at 8:30 this morning; and six regional Federal Reserve Bank presidents will be making speeches around the country (and one in France) through the day, with possible market-moving results.
Local meetings and events today:
Charleston Women in International Trade meets. Topic: Global Logistics Triangle, Jafza and Other Projects. Speaker: Gregg Robinson, Orangeburg County Development Commission. 11:45 a.m. Harbour Club 35 Prioleau St., Charleston. $20 for members, $25 for nonmembers. For information or reservations e-mail cwit@scspa.com or visit www.cwitsc.org.
The Commissioners of Pilotage for the Port of Charleston meet. 5 p.m. Maritime Association office, 899 Morrison Drive. Confirm attendance to 577-8675.
The Charleston Metro Chamber of Commerce Executive Circle meets. 5:30 p.m. Ameris Bank, 49 Archdale St. $20. For information call 577-2510.
The Berkeley Chamber of Commerce and SCORE hold a workshop on Legal Issues in Business. Presenter: Dennis Stewart, ONLY.SC. 5:30-7 p.m. Berkeley County Library Moncks Corner Branch, 1003 Old Highway 52, Moncks Corner. $20. For information call Phanon Piteo at 577-9549 or 761-8238, or visit www.berkeleysc.org.
Bankruptcy: The Center for Women and S.C. Bar Pro Bono Program hold a legal clinic on bankruptcy law. Presenter: R. Michael Drose. 5:30 p.m. 129 Cannon St., Charleston. Free; registration required. For information call 763-7333.
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