Morning outlook
Posted 06:51 a.m., May 15, 2008
World stock markets were mixed overnight as faster-than-expected economic growth in Europe fueled some optimism but mixed corporate news and inflation worries kept some shares under pressure. Oil and gold futures prices were slightly higher, while the dollar lost ground against other major currencies.
Gasoline pump prices continued to climb, with the average price of a gallon of regular unleaded in the Charleston area reaching another record high this morning at $3.633, according to AAA’s Fuel Gauge Report. That’s up from $3.611 yesterday, $3.229 a month ago and $2.821 on this date last year.
Major economic reports due today:
8:30 a.m.: Weekly initial claims for unemployment insurance benefits. Consensus forecast: 370,000, up from 365,000 last week.
9:15 a.m.: April industrial production index. Consensus forecast: down 0.3 percent compared with a 0.3 percent rise in March.
Local meetings and events today:
The USC Small Business Development Center holds Vendor Day with small-business representatives from Charleston Air Force Base, SPAWAR and NAVFAC. 9-11:30 a.m. 5900 Core Drive, North Charleston. Free; space limited to 10 participants. For information call 740-6160.
The Charleston chapter of the Project Management Institute meets. Topic: Panel discussion of project management value. 11:30 a.m. Zeus Grill and Seafood, Mount Pleasant. For information visit www.pmi-charleston.org.
The ISM-CV Low Country Chapter hosts a trade show and barbecue. 3 p.m. Culinary Institute of Charleston, Trident Technical College, Building 920 College Center, 2001 Mabelline Road, North Charleston. $15. For information call 308-2334 or 308-2323, or e-mail danielle.patrick@cmci.com or suzanne.bergen@cmci.com.
The Charleston chapter of the Association of Information Technology Professionals meets. Speaker: Tom Pfendler, Emerson Network Power. 6 p.m. Charleston Air Force Base Club. $18 for members, $30 for nonmembers. For information or reservations e-mail rsvp@aitp-charleston.org or visit www.aitp-charleston.org.
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