Daily Markets - Asia Office Rentals Surge, Says JLL

---

• Asia Office Rentals Surge, Says JLL
• Tetra Tech Gets Contract
• Florida P&L Freezes Rates
• Don’t Fight The Trend
• Stock Market News Briefs: ChevronTexaco, HSBC Holdings Plc, Potash Corporation Of Saskatchewan, The Blackstone Group L.P., Sanderson Farms
• Nokia Continues Acquisition
• Hewlett-Packard Performs Well
• DIRECTV Focusing On Argentina
• Big Chicago Bank Fails, 118 So Far
• Boston Properties To Acquire Asset
• Hot Stock News For Monday 23 August: BP, BHP Billiton, Rio Tinto, AIG, Diageo
• Swiss Franc: Under Pressure
• Australian Dollar: The Downside Prevails
• Canadian Dollar: The Downside Prevails
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: Caution
• Natural Gas Supplies Exceed 3 Tcf
• Forex Trading: USDJPY Makes A Move To The Downside. Is There A Will To Test The Downside?
• S&P 500: On A Knife’s Edge
• Forex Trading: EURUSD In The Narrowest Daily Trading Range Since Dec 2007
• Wealthtrack: Riad Younes – Can Emerging Markets Fuel Global Recovery?
• Big Chicago Bank Fails, 118 So Far
• Max Keiser: Face To Face With Gerald Celente
• Don Coxe Webcast – Updated (August 20, 2010)
• Laugh Out Loud: The Next Greatest Economy …
• Did South Africa Win The World Cup?
• Consumption Takes Another Leg Down
• Euro-Zone PMI Manufacturing, Services Weaken In August, EURUSD Directionless Going Into The U.S. Trade
• Grail Advisors, RiverPark Shutter Two Active ETFs

Asia Office Rentals Surge, Says JLL Posted: 23 Aug 2010 07:35 AM PDT According to a report published by Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), office rentals in Asia is increasing gradually with net absorption or change in occupied office space in Tier I cities climbing 13% sequentially from the previous quarter to 4.3 million square feet. The Jones Lang report revealed that rents increased in Greater China, led by Hong Kong, Shanghai, and Singapore. According to the research study, these cities are likely to lead … [visit site to read more]

Tetra Tech Gets Contract Posted: 23 Aug 2010 07:35 AM PDT Tetra Tech Inc. (NASDAQ:TTEK) has bagged an indefinite quantity contract from U.S. Agency for International Development (USAID) for providing technical know-how over a five-year period. The work involves conducting special assessments of democratic and governance systems and enabling USAID develop programs for monitoring and performance measurement. Tetra Tech will also provide training to personnel for adequate implementation of strategies. Tetra Tech has already executed similar orders in … [visit site to read more]

Florida P&L Freezes Rates Posted: 23 Aug 2010 07:35 AM PDT Florida Power & Light, a subsidiary of NextEra Energy Inc. (NEE), has agreed to freeze base rates for customers through 2012. This was approved by the Florida Office of Public Counsel and the Florida Attorney General on August 20, 2010. However, the agreement still awaits the approval of the Florida Public Service Commission (PSC). The parties involved have jointly filed the agreement with the PSC.  They have also requested the commission to vote on the proposal at the meeting to be … [visit site to read more]

Don’t Fight The Trend Posted: 23 Aug 2010 07:17 AM PDT Fundamentals This statement is clearly the mantra of bond bulls, who have been served well as 30-year treasury futures are trading at their highest levels since the panic buying seen in early 2009. Weaker than expected economic data last week sparked the latest buying spree, with rising initial jobless claims and a weak Philadelphia Fed survey acting as the fuel for higher bond prices. It appears that the increased saving rate by consumers may also be playing a role in the bond market rally, … [visit site to read more]

Stock Market News Briefs: ChevronTexaco, HSBC Holdings Plc, Potash Corporation Of Saskatchewan, The Blackstone Group L.P., Sanderson Farms Posted: 23 Aug 2010 07:05 AM PDT  According to sources, China’s Sinochem and Brazil-based Vale (VALE) are in touch with Potash’s (NYSE:POT) board regarding initial inquiries about a potential merger  UK-based bank HSBC Holdings (NYSE:HBC) announced Monday that it was in talks with financial firm Old Mutual PLC to acquire a controlling stake in Nedbank Group Ltd., located in South Africa, in a deal that could be valued at as much as $6.8 billion  Blackstone (NYSE:BX) landed a deal with Great Eagle, one of Hong … [visit site to read more]

Nokia Continues Acquisition Posted: 23 Aug 2010 07:05 AM PDT Nokia Corp. (NYSE:NOK), the largest mobile phone manufacturer of the world, acquires privately held Motally Inc, an in-application tracking and reporting and mobile browsing analytics service provider. Acquisition of Motally will enable application developers and publishers to track their applications on any Nokia handsets. This will help application developers to optimize their development process through better understanding of customer usage.   Nokia has decided to incorporate Motally's … [visit site to read more]

Hewlett-Packard Performs Well Posted: 23 Aug 2010 07:05 AM PDT Hewlett-Packard (NYSE:HPQ) reported its third quarter 2010 earnings per share (EPS) of $1.08, exactly in line with the Zacks Consensus Estimate. However, revenue of $30.7 billion exceeded the Zacks Consensus Estimate of $30.3 billion.   Revenues   Revenues increased 11.0% from $27.6 billion reported in the year-ago period, which included a favorable foreign currency benefit of about one percentage point.   Revenues increased across all business segments on a year-over-year basis. … [visit site to read more]

DIRECTV Focusing On Argentina Posted: 23 Aug 2010 07:05 AM PDT Buoyed by its strong growth in the Latin American markets, DIRECTV (NASDAQ:DTV), the largest satellite TV service provider in the U.S., has decided to strengthen its operations in Argentina. The company will invest $46 million throughout 2011 to solidify its satellite pay-TV services and also star offering Internet access.   During the second quarter of 2010, DIRECTV achieved several milestones in Latin America. Quarterly net subscriber addition was a record high 415,000 compared with just … [visit site to read more]

Big Chicago Bank Fails, 118 So Far Posted: 23 Aug 2010 06:35 AM PDT The ongoing economic volatility took its toll on a few more banks last week. Eight more banks including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared with 140 in 2009, 25 in 2008 and 3 in 2007.   Although the economy is showing signs of a gradual recovery with the stabilization of large financial institutions, small banks continue to be impacted by tumbling … [visit site to read more]

Boston Properties To Acquire Asset Posted: 23 Aug 2010 06:35 AM PDT Boston Properties Inc. (NYSE:BXP), a real estate investment trust (REIT), has recently announced its plans to acquire 510 Madison Avenue, a newly-constructed 350,000 square feet Class-A office property in New York City, for approximately $280.5 million. The company entered into a purchase and sale agreement with an affiliate of Harry Macklowe for the acquisition of the property.   Under the terms of the agreement, Boston Properties would pay a purchase price equal to the aggregate principal … [visit site to read more]

Hot Stock News For Monday 23 August: BP, BHP Billiton, Rio Tinto, AIG, Diageo Posted: 23 Aug 2010 06:25 AM PDT Friday saw US equities finished the session mixed on a day that was dominated by lack of news flow and complete absence of market moving economic data releases. The move lower was led by telecom and oil & gas sectors, while the tech sector outperformed throughout the session. As a result, the NASDAQ 100 outperformed its peers and finished in firm positive territory. At the close; DJIA closed down 0.56% at 10213, the S&P 500 closed down 0.37% at 1071 and the NASDAQ 100 closed up … [visit site to read more]

Swiss Franc: Under Pressure Posted: 23 Aug 2010 06:19 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: The Downside Prevails Posted: 23 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Canadian Dollar: The Downside Prevails Posted: 23 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 23 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 23 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Caution Posted: 23 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Natural Gas Supplies Exceed 3 Tcf Posted: 23 Aug 2010 06:05 AM PDT The federal government's Energy Information Administration ("EIA") reported a modestly lower-than-expected increase in natural gas supplies, as warmer-than-normal temperatures led to increased electric generation demand for the commodity. Stockpiles held in underground storage in the lower 48 states rose by 27 billion cubic feet (Bcf) for the week ended August 13, 2010, falling short of the anticipated 28 – 32 Bcf increase. The latest build compares with last year's net injection of … [visit site to read more]

Forex Trading: USDJPY Makes A Move To The Downside. Is There A Will To Test The Downside? Posted: 23 Aug 2010 05:54 AM PDT USDJPY makes a move to the downside. Is there a will to test the … [visit site to read more]

S&P 500: On A Knife’s Edge Posted: 23 Aug 2010 05:42 AM PDT Last Thursday was a so-called 90% down-day for American stock markets (and many other bourses also recorded downward dynamics). A 90% down-day is defined as a day when downside volume equals 90% or more of the total upside plus downside volume and points lost equal 90% or more of the total points gained plus points lost. The historical record show that 90% down-days do not usually occur as a single incident on the bottom day of an important decline, but typically on a number of occasions … [visit site to read more]

Forex Trading: EURUSD In The Narrowest Daily Trading Range Since Dec 2007 Posted: 23 Aug 2010 05:39 AM PDT The 48 pips trading range today in the EURUSD is the narrowest trading range since Dec 24th 2007. DO you think it will hold up and be a 2 plus year record. I don't think so. So expect a movebelow the 1.2681 low or above the 1.2681 high at some point today. I will look to use the 100 and 200 bar MA at the 1.2707 level as my barometer for sentiment. CLick for technical … [visit site to read more]

Wealthtrack: Riad Younes – Can Emerging Markets Fuel Global Recovery? Posted: 23 Aug 2010 05:38 AM PDT On this week's WealthTrack, Consuelo Mack interviews Artio Global Investors' Riad Younes. They discuss why global financial imbalances are disrupting the U.S. and European markets and helping emerging markets. Younes also shares his defensive short and long-term strategies for the new world order. Note: The transcript of this interview is not available yet, but will be posted here as soon as it … [visit site to read more]

Big Chicago Bank Fails, 118 So Far Posted: 23 Aug 2010 05:35 AM PDT The ongoing economic volatility took its toll on a few more banks last week. Eight more banks, including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007. Although the economy is showing signs of a gradual recovery with the stabilization of large financial institutions, small banks continue to be impacted by tumbling home … [visit site to read more]

Max Keiser: Face To Face With Gerald Celente Posted: 23 Aug 2010 05:31 AM PDT In this video, Max Keiser sits down with Gerald Celente of the Trends Research Institute, discussing pertinent economic trends. Part 1:   Part 2: Part … [visit site to read more]

Don Coxe Webcast – Updated (August 20, 2010) Posted: 23 Aug 2010 05:26 AM PDT Don Coxe has updated his popular webcast on Tuesday, August 20, 2010 – good news for his followers. You can access the recording here or from the sidebar of the Investment Postcards site (the column on the right-hand side) by clicking on Don's … [visit site to read more]

Laugh Out Loud: The Next Greatest Economy … Posted: 23 Aug 2010 05:26 AM PDT … [visit site to read more]

Did South Africa Win The World Cup? Posted: 23 Aug 2010 05:23 AM PDT It was a peculiarly South African exercise. On a beautiful Johannesburg winter's morning, five smart South Africans gathered around a kitchen table and, over coffee and pastries, talked about how the World Cup had changed their country. This is what they discussed with Richard Lapper, the FT's Johannesburg bureau chief, and Simon Kuper, a regular contributor to the FT Weekend Magazine. Click here or on the image below to view the video … [visit site to read more]

Consumption Takes Another Leg Down Posted: 23 Aug 2010 04:56 AM PDT Do you increasingly feel that you are not receiving the full story in terms of our overall economy? Do you feel as if the 'political class' in Washington is speaking a different language than the 'working class' in the rest of the country? Do you scratch your head as to why economic releases are often immediately panned and quickly thereafter revised? (Case in point, the initial release of 2nd quarter GDP on July 30th was quickly thereafter  projected … [visit site to read more]

Euro-Zone PMI Manufacturing, Services Weaken In August, EURUSD Directionless Going Into The U.S. Trade Posted: 23 Aug 2010 04:43 AM PDT  Fundamental Headlines • Housing Diagnosis: Still Weak – Wall Street Journal • European Markets Hold Steady – Wall Street Journal • Risky Assets Inch Ahead Amid Political Uncertainty - Financial Times • Bernanke Must Raise Benchmark2 Points in Prescient Rajan's Latest Warning- Bloomberg • Stocks, U.S. Index Futures Rise on Takeovers; Coffee Jumps to 12-Year High – Bloomberg EUR/USD: Euro-zone PMI manufacturing for the month of August slowed to 55.0 from … [visit site to read more]

Grail Advisors, RiverPark Shutter Two Active ETFs Posted: 23 Aug 2010 03:53 AM PDT The Active ETF space in the US is now starting to see some of the attrition that had long been expected to occur in this relatively new space. On August 20th, Grail Advisors announced in a press release that they will be shutting down two of their actively-managed ETFs – the RP Technology ETF (RPQ: 28.11 0.00%) and the RP Financials ETF (RFF: 24.56 0.00%). The closure of the funds was approved at a board meeting and the funds will be suspended prior to market open on Aug 30, 2010. The closure … [visit site to read more]

You are subscribed to email updates from Daily Markets To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610