MONDAY 6/1/15; Global PMI’s; NIKK and SSEC Record Highs; ISM Mfg Index; PVH

At 7 PM EST Sunday evening in the States, US futures are marginally higher. S&P +1. Dow +17. Nasdaq +7. Euro 1.0968. Dollar/yen 124.16. Pound 1.5288. Aussie dollar 0.7638. WTIC oil 59.95. Brent oil 65.19. Natural gas 2.61. Gold 1193. Silver 16.74. Copper 2.73.

New cases of MERS (Middle East Respiratory Syndrome) occur in Hong Kong after an infected South Korean man travels from Seoul (he had spent time in Saudi Arabia). Over two dozen people are placed in quarantine that came in contact with the man and another two dozen are under surveillance. Concern increases across South Korea, Hong Kong and mainland China that the deadly MERS virus will spread 























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Trucking company ODFL drops -2% after lowering guidance which is not a good sign for the economy. Propane company FGP drops -3% after announcing a secondary offering.

The INTC and ALTR deal sends merger activity to new highs. M&A activity in May exceeds $226 billion a record high with the only larger month in May 2007 at $243 billion. Typically, the stock market tops out when M&A activity peaks.

The average US auto loan is nearly $500 per month at record levels. The average lease rate is lower at $405 per month. Americans are preferring larger and fancier cars and taking on larger loans. The average loan amount is nearly $29K and loan durations are 67 months; nearly six years. By then, all you are left with is a rusted bucket of bolts.