The Morning Outlook

Inflation is expected to stay low, suggested by the consumer price indexes (CPI) falling for the third straight month in a row. The CPI measures the cost of all goods and services to a typical consumer.

The Commerce Department says the first quarter 2010 account deficit of the U.S. was about $109B after being revised from only $100B. Investors are still awaiting Fed Manufacturing Index for June.

In Europe, markets are continuing to trade higher a successful bond auction in Spain that netted 3 billion Euros, indicating investors are still willing to bet on the countries credit facilities.

Gold continues a strong climb higher overseas today, trading around $11 higher.