DailyMarkets.com - Industrial Production Unchanged

---

• Industrial Production Unchanged
• Tuesday Forex Outlook For USD/CAD, AUD/USD And Gold (XAU/USD)
• US Dollar Rallies On Risk Aversion As Concerns Swing Back To Ireland And China
• Core PPI Lower Than Expected
• Jacobs Reports Below Expectations
• Eni Active In Venezuela
• IBM Acquires Netezza
• Pernix (PTX): An Impressive Q3. Raising Price Target
• AMEC Wins Contract For Major Copper & Gold Mining Project In Mongolia
• Positive On Biogen
• Access Pharma Reports Third Quarter Financials
• PDLI Meets EPS, Beats On Top Line
• PDLI Meets EPS, Beats On Top Line
• PDLI Meets EPS, Beats On Top Line
• Santarus Hit By Generic Zegerid
• U.S. Bancorp Acquiring BofA Unit
• Australian Dollar: Key ST Resistance At 10725
• Canadian Dollar: The Downside Prevails
• Opening Bell Market Monitor: HD, WMT, DKS
• Forex – Dollar Up Vs. Rivals As Euro Zone Debt Contagion Fears Weigh
• Forex Trading: GBPUSD Breaks Sharply Lower On BOE Kings Comments
• Forex – EUR/USD Tumbles To 5-week Low Amid EU Survival Crisis
• Forex Trading: GBPUSD Makes A Break Below 50% Fibo Support
• Home Depot Constructs 3Q Net Income Rise
• Forex – GBP/USD Hits 4-day Low As Euro Zone Debt Fears Weigh
• British Pound Extends Decline Despite Better Than Expected U.K. Inflation Figures
• Crude Oil Stalls As Bearish News Flow Spurs Profit Taking, Gold Follows Through To The Downside As Dollar Rises

Industrial Production Unchanged Posted: 16 Nov 2010 10:05 AM PST Total Industrial Production was unchanged in September, which was well below the expected 0.3% increase. In September, total production fell by 0.2%, reversing a 0.2% increase in August. Relative to a year ago, total Industrial Production is up 5.3%, down from a year-over-year increase of 5.4% in September. On the surface, these numbers are disappointing, as September was the first decline in overall industrial production since June 2009 (the month the recession "officially" ended) and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tuesday Forex Outlook For USD/CAD, AUD/USD And Gold (XAU/USD) Posted: 16 Nov 2010 09:52 AM PST USD/CAD – Resistance 1:  1.0200; Resistance 2: 1.0260/70. Support 1: 1.0150; Support 2: 1.0110 Bullish breakout of 1.0150 turns it into support. Market likely to see resistance at 1.0200 (61.8% fibonacci retracement), but price behavior suggests extension towards the 1.0260 (78.6%) area. If 1.0150 does not hold, look for the market to test 1.0110, which is the pivot near the middle of the previous minor consolidation zone. AUD/USD – Resistance 1: 0.9810; Resistance 2: 0.9855. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Dollar Rallies On Risk Aversion As Concerns Swing Back To Ireland And China Posted: 16 Nov 2010 09:39 AM PST Ireland Refuses to Accept "Forced" Bailout The EUR/USD pair hit a 7-week low overnight, but bounced up from the 1.3560 level as traders and investors focus on a meeting in Brussels of Euro-zone finance ministers. Speculation it that a compromise might be reached in which Ireland, and possibly even Portugal, agree to take funds from the European Financial Stability Fund while Germany agrees to a more permanent crisis strategy that doesn't put the onus on private sector lenders that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Core PPI Lower Than Expected Posted: 16 Nov 2010 09:05 AM PST The Producer Price Index (PPI) for finished goods rose at a much lower than expected rate of 0.4% in October on a headline basis. The consensus had been looking for a 0.8% increase. Stripping out the volatile food and energy prices, the core PPI dropped 0.6%, far below expectations of a 0.1% increase. In September, headline prices also rose 0.4%. Core inflation was 0.1% in September and August. Relative to a year ago, headline PPI is up 4.3% from a year ago, and the core PPI is up 1.5%. Most … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jacobs Reports Below Expectations Posted: 16 Nov 2010 08:35 AM PST Jacobs Engineering Group Inc. (NYSE:JEC) reported disappointing operating results for the fourth quarter and fiscal 2010 with both top-line and bottom-line results reporting below expectations. Quarter Highlights During the quarter, Jacobs reported EPS of 61 cents, two cents below the year-ago level of 63 cents, and a penny below the Zacks Consensus Estimate of 62 cents. Net earnings and revenues were $77.0 million and $2,343.0 million respectively, reflecting decreases of 2.9% and 8.2% from $79.3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eni Active In Venezuela Posted: 16 Nov 2010 08:35 AM PST Yesterday, Eni SpA (NYSE:E) announced another successful drilling program in Venezuela. This is a follow-up to the company's significant exploratory success in the third quarter, especially in Venezuela, Angola and United Kingdom. Italy's oil major confirmed successful results from the Perla 3 well, located in the Cardon IV Block, in the shallow water of the Gulf of Venezuela. The well was drilled at a depth of 70 meters. At the time of initial production tests, the well experienced 68 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM Acquires Netezza Posted: 16 Nov 2010 08:35 AM PST International Business Machines Corp. (NYSE:IBM) announced the completion of the acquisition of renowned data warehouse company, Netezza Corp. as previously announced by IBM on September 20th. Marlborough, Massachusetts-based Netezza is a leading company in data warehousing technology. The company develops computer appliances that integrate hardware and software for analyzing a huge amount of data in a quick and efficient manner. IBM acquired Netezza in an all cash transaction of $1.70 billion or … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pernix (PTX): An Impressive Q3. Raising Price Target Posted: 16 Nov 2010 08:35 AM PST Written by Brian Marckx, CFA   Pernix Therapeutics Holdings (PTX) reported financial results for the third quarter on November 12, 2010.  Net sales came in at $7.79 million versus our estimate of $5.54 million.  The $2.24 million difference is a result of $4.23 million better than forecast ($11.53 million actual versus $7.30 million estimate) gross sales, partially offset by slightly higher rebate and discount expense as a percent of gross sales, as well as collaboration … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AMEC Wins Contract For Major Copper & Gold Mining Project In Mongolia Posted: 16 Nov 2010 08:31 AM PST Engineering and project management company Amec Plc (LON:AMEC) has been commissioned by Oyu Tolgoi LLC to carry out the feasibility study for Lift 1 of the underground Hugo North block cave operation of its copper and gold mining project in Mongolia. Oyu Tolgoi is the world’s largest undeveloped copper-gold project and is located in the South Gobi region of Mongolia, approximately 80km north of the Mongolia-China border. When Oyu Tolgoi moves into full production, it will be one of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Positive On Biogen Posted: 16 Nov 2010 08:26 AM PST We recently upgraded Biogen Idec (NASDAQ:BIIB) to Outperform following the release of third quarter results. Key products, Avonex and Tysabri, should continue contributing significantly to sales. Meanwhile, the company's restructuring initiative should help drive the bottom-line. We are also pleased with the company's intention to streamline its pipeline and focus on candidates that represent higher potential. Biogen reported a strong third quarter with earnings coming in at $1.33, well above … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Access Pharma Reports Third Quarter Financials Posted: 16 Nov 2010 08:26 AM PST Written by Grant Zeng, CFA Access Pharmaceuticals, Inc. ( ACCP) reported its third quarter 2010 results on Nov 12, 2010. For the third quarter ended September 30, 2010, licensing revenue was $107,000 as compared to $124,000 for 2009, a decrease of $17,000. The Company recognizes licensing revenue over the period of the performance obligation under the licensing agreements. Access Pharma ( ACCP ) received royalties of $20,000 in the third quarter of 2010 and 2009. Royalties for MuGard … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PDLI Meets EPS, Beats On Top Line Posted: 16 Nov 2010 08:26 AM PST PDL BioPharma Inc. (NASDAQ:PDLI) posted third quarter earnings of 25 cents per share, in line with the Zacks Consensus Estimate, but below the year-ago figure of 29 cents. Earnings declined in the quarter, despite the increase in revenue, due to higher selling and general expenses. Quarterly Details Third quarter revenue of $86.4 million was higher than the Zacks Consensus Estimate of $84 million and about 21% above the year-ago revenue. The top-line increase resulted from higher 2Q10 sales of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PDLI Meets EPS, Beats On Top Line Posted: 16 Nov 2010 08:26 AM PST PDL BioPharma Inc. (NASDAQ:PDLI) posted third quarter earnings of 25 cents per share, in line with the Zacks Consensus Estimate, but below the year-ago figure of 29 cents. Earnings declined in the quarter, despite the increase in revenue, due to higher selling and general expenses. Quarterly Details Third quarter revenue of $86.4 million was higher than the Zacks Consensus Estimate of $84 million and about 21% above the year-ago revenue. The top-line increase resulted from higher 2Q10 sales of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PDLI Meets EPS, Beats On Top Line Posted: 16 Nov 2010 08:26 AM PST PDL BioPharma Inc. (NASDAQ:PDLI) posted third quarter earnings of 25 cents per share, in line with the Zacks Consensus Estimate, but below the year-ago figure of 29 cents. Earnings declined in the quarter, despite the increase in revenue, due to higher selling and general expenses. Quarterly Details Third quarter revenue of $86.4 million was higher than the Zacks Consensus Estimate of $84 million and about 21% above the year-ago revenue. The top-line increase resulted from higher 2Q10 sales of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Santarus Hit By Generic Zegerid Posted: 16 Nov 2010 08:26 AM PST Santarus Inc. (NASDAQ:SNTS) reported a loss of 32 cents per share in the third quarter, wider than the Zacks Consensus Estimate of a loss of 21 cents and the year-ago earnings of 9 cents. Results were affected by lower revenues following the genericization of Zegerid. Total revenues, consisting of net product sales, promotion revenues and license and royalty revenues, came in at $18.1 million, down 54.2% from the year-ago period and $3.9 million below the Zacks Consensus Estimate. Quarter in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Bancorp Acquiring BofA Unit Posted: 16 Nov 2010 08:26 AM PST In an effort to expand its corporate trust business, U.S. Bancorp's (NYSE:USB) lead bank, U.S. Bank, has entered into an agreement to acquire Bank of America Corp.'s (NYSE:BAC) U.S and Europe-based securitization trust administration businesses. The deal involves a cash purchase price of up to $35 million and would add revenues of more than $100 million. The deal, which is expected to close next month, is subject to regulatory approval and would require the third quarter of 2011 for integration. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725 Posted: 16 Nov 2010 08:23 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 16 Nov 2010 08:23 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: HD, WMT, DKS Posted: 16 Nov 2010 08:16 AM PST 11/16/10 The latest in news, commentary, and information on the US equity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Vs. Rivals As Euro Zone Debt Contagion Fears Weigh Posted: 16 Nov 2010 08:04 AM PST Forex Pros – The U.S. dollar was up against all of its major counterparts on Tuesday, as fears over sovereign debt contagion among peripheral euro zone nations curbed risk appetite. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.24% to hit 1.3553. Earlier in the day, the European Central Bank and some euro zone counterparts put Ireland under pressure to apply for funds from the European Financial Stability Facility amid signs that market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Breaks Sharply Lower On BOE Kings Comments Posted: 16 Nov 2010 08:01 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Tumbles To 5-week Low Amid EU Survival Crisis Posted: 16 Nov 2010 07:52 AM PST Forex Pros – The euro extended earlier losses against the U.S. dollar on Tuesday, tumbling to a fresh 5-week low after the European Council’s president said that the European Union was facing a “survival crisis”. EUR/USD hit 1.3536 during European afternoon trade, the pair's lowest since September 28; the pair subsequently consolidated at 1.3554, shedding 0.23%. The pair was likely to find support at 1.3435, the low of September 27 and resistance at 1.3749, Monday's high. Earlier in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Makes A Break Below 50% Fibo Support Posted: 16 Nov 2010 07:36 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Home Depot Constructs 3Q Net Income Rise Posted: 16 Nov 2010 02:29 AM PST 11/16/10 Home Depot announced Tuesday that its 3Q net income rose 21% from one year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits 4-day Low As Euro Zone Debt Fears Weigh Posted: 16 Nov 2010 07:29 AM PST Forex Pros – The pound extended earlier losses against the U.S. dollar on Tuesday, falling to a 4-day low as fears over euro zone sovereign debt contagion continued to weigh on market sentiment. GBP/USD hit 1.5966 during European afternoon trade, the pair's lowest since November 10; the pair subsequently consolidated at 1.5970, shedding 0.50%. Cable was likely to find support at 1.5826, the low of October 29 and resistance at 1.6153, Monday's high. Earlier in the day, official data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound Extends Decline Despite Better Than Expected U.K. Inflation Figures Posted: 16 Nov 2010 03:45 AM PST          Fundamental Headlines • European Stocks Slip – Wall Street Journal • Bond Market Defies Fed – Wall Street Journal • Fed Officials Defend $600 Billion Stimulus – Financial Times •U.K. Inflation Rate Increases to 3.2%, Forcing King Letter – Bloomberg •Ireland's Cowen to Weigh EU Steps to Shore Up Banking System – Bloomberg GBPUSD: Annualizedconsumer prices in Great Britain inched higher to 3.2 percent in October from 3.1 percent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Stalls As Bearish News Flow Spurs Profit Taking, Gold Follows Through To The Downside As Dollar Rises Posted: 15 Nov 2010 10:51 PM PST Commodities – Energy Crude Oil Stalls as Bearish News Flow Spurs Profit Taking Crude Oil (WTI) – $84.52 // $0.34 // 0.40% Commentary: Crude oil erased early gains to finish close to unchanged on Monday at $84.86. Price action for the day was in step with that of U.S. equity markets, with European sovereign debt concerns offsetting the bullish underpinnings of the financial markets, which include the Fed's QE2 program, the improving U.S. labor market, and sizzling growth in the emerging … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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