DailyMarkets.com - Pray For Japan: Must See Photos |
- Pray For Japan: Must See Photos
- Positive Data On Amylin Candidate
- Integra To Demo EGR System
- FY 2010 Financial Results
- Hot Option Plays: Bulls Have Conviction Going Into Weekend 03-11-11
- FY 2010 Financial Results???
- Northeast Utilities’ EPS Outperforms
- Earnings Preview: Housing And Inflation In Focus
- FY 2010 Financial Results???
- Vertex Epilepsy Drug On Track
- Starbucks Coffee In Keurig Cup
- Cepheid Stays Neutral
- DOW Raises Tender Cap To $1.5B
- Trade Ideas For The Week Of March 14
- Takeaways From NVDA Analyst Day
- Deere Invests In Russian Operation
- AIG Set To Buy Back RMBS
- CEC Matches Our Expectation
- Forex – EUR/USD Up At The End Of U.S. Session
- Toyota To Upgrade Tennessee Plant
- Forex – GBP/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down At The End Of U.S. Session
- Forex Trading: EURUSD Closes At The Days Highs
- Forex – EUR/USD Up Toward The End Of U.S. Session
- Precious Metals Soaring On Earthquakes, Eurozone Fears And Empty State Treasuries
- HGSI Flies High On Benlysta Nod
- FY 2010 Financial Results???
- Forex – GBP/USD Up Toward The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Hot Option Plays: Retail Sales Strong 03-11-11
- Two Good Questions About Government Subsidies
- U.S. Markets Close Higher; Dow Jones Up 0.50%
- Roche’s Eye Drug Impresses
- Forex – GBP/USD Up During The U.S. Session
- JetBlue Flies More Passengers
- Mixed Numbers From Canadian Solar
- Natural Gas Draw Short Of Consensus
- Western Refining To Outperform
- A.M. Best Raises Coventry Outlook
- Consent Decree For J&J Unit
- Forex – USD/CAD Down In U.S. Trade
- Monetary Policy Week In Review – 12 March 2011
- Forex Trading: EURUSD Moves Above The Resistance Area
- Noble Inks Oil Rig Deal
- Gentiva Completes Refinancing
- Forex – EUR/USD Up In U.S. Trading Hours
- Kodak To Raise More Senior Notes
- National Semi Turning Around
- PHOTOS: Massive Earthquake Hits Japan
- Large Prints In Energy SPDR ETF Put Options
- Jones Lang Raises Funds
- Vietnam Central Bank Further Tightens Monetary Policy
- Boost For Hospira
- Kirkland’s Beats Estimates
- Forex – AUD/USD Up During The U.S. Session
- Peru’s Central Bank Raises Interest Rate 25bps To 3.75%
- Egypt Central Bank Holds Rate At 8.25%
- Trinidad & Tobago Central Bank Cuts Rate 25bps To 3.25%
- Malaysia Central Bank Holds Rate At 2.75%, Lifts Reserve Requirement
- Forex – NZD/USD Up In U.S. Trade
- European Markets Close Lower; Dax Down 1.16%
- Week Ends With USD Sliding; Retail Sales Rise But Consumer Confidence Falls
- The Power Of Investing
| Pray For Japan: Must See Photos Posted: 11 Mar 2011 04:31 PM PST I do not know if there are words to properly describe the level of devastation embodied in these photos from Japan taken earlier today. I know that I do not possess the ability to appropriately describe what the Japanese people must be experiencing.
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| Positive Data On Amylin Candidate Posted: 11 Mar 2011 03:35 PM PST Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN), Eli Lilly and Company (NYSE:LLY) and Alkermes, Inc. (NASDAQ:ALKS) recently presented positive phase II data on a once-monthly injectable suspension formulation of exenatide.
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| Posted: 11 Mar 2011 03:35 PM PST Medical device maker Integra LifeSciences Holdings Corportion (NASDAQ:IART) is showcasing its Endoscopic Gastroc Release System (EGR) product line at the Annual Meeting of the American College of Foot and Ankle Surgeons (ACFAS) being held in Florida from 9th to 12th March.
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| Posted: 11 Mar 2011 03:35 PM PST Brian Marckx, CFA
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| Hot Option Plays: Bulls Have Conviction Going Into Weekend 03-11-11 Posted: 11 Mar 2011 03:18 PM PST Cusick's Corner
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| Posted: 11 Mar 2011 03:10 PM PST Zacks has removed this article. Thank you
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| Northeast Utilities’ EPS Outperforms Posted: 11 Mar 2011 03:10 PM PST Northeast Utilities' (NYSE:NU) fourth quarter 2010 earnings of 73 cents per share beat the Zacks Consensus Estimate of 64 cents by 9 cents. Results were also above 48 cents in the prior-year quarter. Net income in the quarter was $129.3 million, up 53% from $84.7 million in the prior-year quarter.
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| Earnings Preview: Housing And Inflation In Focus Posted: 11 Mar 2011 03:05 PM PST Earnings Preview 3/11/11 The fourth quarter earnings season is almost over. A total of just 141 firms are due to report and only 3 are S&P 500 firms, and actually two of those are first quarter reports (fiscal periods ending in February). A great many of next week's reporters are retailers, many of which have fiscal years than end in January, not December. So far the earnings season seems to be going well. With 98.2% of the S&P 500 reports in, total net income is up 30.5% over a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 11 Mar 2011 03:05 PM PST Brian Marckx, CFA
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| Posted: 11 Mar 2011 03:05 PM PST Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported positive results from a mid-stage study of its candidate VX-765. The study evaluated the safety and tolerability of VX-765 in treatment-resistant partial onset epilepsy patients. The patients, who were enrolled, showed no improvements even after being treated with at least two currently available therapies for partial epilepsy.
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| Starbucks Coffee In Keurig Cup Posted: 11 Mar 2011 03:05 PM PST Starbucks Corp. (NASDAQ:SBUX) entered into a deal with Keurig brewer parent Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR). As per the deal, Starbucks will distribute its coffee and Tazo tea in Keurig's K-Cup portion packs. The K-Cup portion packs will be available at supermarkets, wholesale clubs, drug stores and departmental stores throughout the U.S. and Canada.
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| Posted: 11 Mar 2011 03:05 PM PST Recently, we reaffirmed our Neutral recommendation on Cepheid (NASDAQ:CPHD) with a target price of $29.00
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| DOW Raises Tender Cap To $1.5B Posted: 11 Mar 2011 03:05 PM PST Chemical giant The Dow Chemical Co. (NYSE:DOW) raised the aggregate amount for its tender offer for a pool of notes to $1.5 million from $750 million, after receiving tenders of $1.7 billion. An offer for a second pool of notes received $832 million with a cap of $300 million.
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| Trade Ideas For The Week Of March 14 Posted: 11 Mar 2011 03:05 PM PST ( click to enlarge ) Above is a technical daily chart of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) with basic trendlines applied. Clearly , the stock is in a long term uptrend. Recently, prices have accelerated off of the lower trendline and after a small consolidation period the broke to new highs on strong volume. Outlook for the stock is rosy as reflected in technical analysis. The stochastic analysis is signaling a bullish outlook which can be further confirming in MACD and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Takeaways From NVDA Analyst Day Posted: 11 Mar 2011 02:25 PM PST Graphics card and digital media manufacturer NVIDIA Corporation (NASDAQ:NVDA) hosted its analyst day on March 8, revealing important strategies for the next year or so.
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| Deere Invests In Russian Operation Posted: 11 Mar 2011 02:25 PM PST The world's largest manufacturer of agricultural equipment, Deere & Co. (NYSE:DE), announced its plans to invest in Russia by doubling the manufacturing space at its Domodedovo production facility near Moscow. The company intends to establish its own leasing facility in Russia for the sale of agricultural, construction and forestry machinery.
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| Posted: 11 Mar 2011 02:25 PM PST Yesterday, American International Group Inc. (NYSE:AIG) took another step to liberate itself from the government debt by offering cash repayment of the $15.7 billion outstanding loan on Maiden II, which is a special-purpose investment vehicle comprising residential mortgage-backed securities (RMBS), thereby helping the US government to earn about $1.5 billion from the company's bailout loan.
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| Posted: 11 Mar 2011 02:25 PM PST CEC Entertainment Inc. (NYSE:CEC) reported fourth-quarter 2010 adjusted earnings of 19 cents per share, which came in line with the Zacks Consensus Estimate and showed an improvement from the prior-year quarter's adjusted earnings of 12 cents. Including an unfavorable one-time impact of tax adjustment, the company earned 14 cents in the quarter under review.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 11 Mar 2011 02:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. EUR/USD was trading at 1.3902, up 0.76% at time of writing. The pair was likely to find support at 1.3753, today's low, and resistance at 1.4036, Monday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 68.20 last month from 77.50 in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Toyota To Upgrade Tennessee Plant Posted: 11 Mar 2011 02:05 PM PST Toyota Motor Corp. (NYSE:TM) announced that it will invest $2.1 million in order to upgrade its Bodine Aluminum Tennessee Inc. facility at Jackson, Tennessee. The plant manufactures transmission case and housing for the automaker.
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| Forex – GBP/USD Up At The End Of U.S. Session Posted: 11 Mar 2011 02:05 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6080, up 0.12% at time of writing. The pair was likely to find support at 1.5978, today's low, and resistance at 1.6341, Monday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8646 and GBP/JPY falling 1.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down At The End Of U.S. Session Posted: 11 Mar 2011 02:00 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. USD/JPY was trading at 81.86, down 1.35% at time of writing. The pair was likely to find support at 81.66, today's low, and resistance at 83.30, today's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 68.20 last month from 77.50 in the preceding month. Analysts … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Closes At The Days Highs Posted: 11 Mar 2011 01:40 PM PST The EURUSD is closing the NY day at the high for the day but not the high for the week. That level came on Monday at the 1.4035 level. However, today was able to retrace more than 50% of the weeks trading range, and move the price back above the 100 hour MA, the 200 hour MA and the 50% retracement level (see yellow area in the chart above). The feeling is that the ECB remains on the tightening path while the US may move more toward even a QE3 scenario if global growth slows.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 11 Mar 2011 01:40 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3910, up 0.82% at time of writing. The pair was likely to find support at 1.3753, today's low, and resistance at 1.4036, Monday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.68% to hit 0.8650 and EUR/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Precious Metals Soaring On Earthquakes, Eurozone Fears And Empty State Treasuries Posted: 11 Mar 2011 01:38 PM PST Gold (SPDR Gold Shares (GLD)) is breaking into new 52-week highs and silver (iShares Silver Trust (SLV)) is at its highest point in more than 30 years as Libya, one of the largest oil producers, faces a civil war and as earthquakes and tsunamis rattle Japan. Libya is not following Tunisia and Egypt with a somewhat moderate transition; this revolt has been extremely violent and bloody. A lot of the fear at the moment is due to concern that protests could spread to Saudi Arabia. Investors are … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| HGSI Flies High On Benlysta Nod Posted: 11 Mar 2011 01:35 PM PST Human Genome Sciences Inc. (NASDAQ:HGSI) recently received a huge boost when the US Food and Drug Administration (FDA) approved its lupus drug Benlysta. The drug, which has blockbuster potential, has been co-developed with GlaxoSmithKline (NYSE:GSK). Benlysta is expected to hit the US markets before the end of March 2011.
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| Posted: 11 Mar 2011 01:35 PM PST Brian Marckx, CFA
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| Forex – GBP/USD Up Toward The End Of U.S. Session Posted: 11 Mar 2011 01:30 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6082, up 0.13% at time of writing. The pair was likely to find support at 1.5978, today's low, and resistance at 1.6341, Monday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.68% to hit 0.8649 and GBP/JPY falling 1.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 11 Mar 2011 01:20 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 81.87, down 1.33% at time of writing. The pair was likely to find support at 81.66, today's low, and resistance at 83.30, today's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.84% to hit 1.3914 and GBP/USD rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: Retail Sales Strong 03-11-11 Posted: 11 Mar 2011 01:18 PM PST Cusick’s Corner
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| Two Good Questions About Government Subsidies Posted: 11 Mar 2011 01:17 PM PST David Harsanyi on ending government subsidies for National Public Radio and PBS: “The function and purpose of government has been rather expansive over the past few decades. Do we really believe that providing tax subsidizes for entertainment and journalism is one of the charges of government? The argument may have held up in the past, but in today’s world it simply doesn’t.” And from Slate.com “The Ethanol Catastrophe: Biofuels Aggravate Global Warming and Cause Hunger. Why Won’t the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Higher; Dow Jones Up 0.50% Posted: 11 Mar 2011 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.50%, the S&P 500 index gained 0.71%, while the Nasdaq 100 index climbed 0.66%. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 68.20 last month from 77.50 in the preceding month. Analysts had expected UoM consumer sentiment to fall to 76.50 last month. Meanwhile, across the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 11 Mar 2011 12:55 PM PST Roche Holding Ltd. (RHHBY) recently reported positive data from a late-stage study (RISE) of its eye drug Lucentis. The study is evaluating the safety and efficacy of the drug for treating patients suffering from diabetic macular edema (DME).
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| Forex – GBP/USD Up During The U.S. Session Posted: 11 Mar 2011 12:45 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6071, up 0.07% at time of writing. The pair was likely to find support at 1.5978, today's low, and resistance at 1.6341, Monday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8645 and GBP/JPY falling 1.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 11 Mar 2011 12:35 PM PST JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for February 2011. The company's traffic for the month climbed 9% to 2.08 billion from 1.91 billion as of February 2010. The surge in traffic was a result of 1.4% increase in capacity.
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| Mixed Numbers From Canadian Solar Posted: 11 Mar 2011 12:35 PM PST Canadian Solar Inc. (NASDAQ:CSIQ) reported an adjusted EPS of 58 cents in the fourth quarter of fiscal 2010, falling short of the Zacks Consensus Estimate of 65 cents. The downside came from higher raw material costs, lower selling prices and slower production rates during Chinese holidays. The company's results however surpassed the year-ago quarterly earnings of 35 cents.
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| Natural Gas Draw Short Of Consensus Posted: 11 Mar 2011 12:35 PM PST The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected drop in natural gas supplies, attributable to mild weather and increasing production.
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| Western Refining To Outperform Posted: 11 Mar 2011 12:05 PM PST Buoyed by favorable trends in the refining industry along with the company’s initiatives to improve reliability and reduce operating costs, we have upgraded independent oil refiner and marketer Western Refining Inc. (WNR) to Outperform from Neutral.
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| A.M. Best Raises Coventry Outlook Posted: 11 Mar 2011 12:05 PM PST The rating agency A.M. Best Co. has revised its outlook for all the debt ratings and the majority of the health care subsidiaries of Coventry Health Care, Inc. (NYSE:CVH), while reiterating the financial strength ratings (FSR) and issuer credit ratings (ICR) of Coventry subsidiaries and the debt ratings.
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| Posted: 11 Mar 2011 12:05 PM PST The US Food and Drug Administration (FDA) recently imposed a consent decree on a subsidiary of Johnson & Johnson (NYSE:JNJ). The decree is yet to be approved by the US District Court for the Eastern District of Pennsylvania.
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| Forex – USD/CAD Down In U.S. Trade Posted: 11 Mar 2011 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday. USD/CAD was trading at 0.9724, down 0.36% at time of writing. The pair was likely to find support at 0.9668, Wednesday's low, and resistance at 0.9802, today's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.70% to hit 1.3894 and GBP/USD rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Monetary Policy Week In Review – 12 March 2011 Posted: 11 Mar 2011 11:57 AM PST The past week was another busy week in monetary policy, with seven interest rate changes announced around the world. Those that raised interest rates included: Thailand +25bps, Kazakhstan +50bps, Korea +25bps, Serbia +25bps, and Peru +25bps. Meanwhile New Zealand -50bps and Trinidad & Tobago -25bps reduced their main policy rates. Those that reviewed policy settings but held rates included: Sri Lanka, the United Kingdom, Malaysia, and Egypt. In terms of other monetary policy moves Malaysia … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Moves Above The Resistance Area Posted: 11 Mar 2011 11:32 AM PST The EURUSD has continued to march higher, now trading above the 100 hour MA (at 1.3881), the 200 hour MA (at 1.3888) and the 50% retracement of the move down from the March 7th high to the low reached today (at 1.3893). The burden is on the bears to stop this market. With the weekend approaching and tremors still occurring in Japan, shorts may be forced to cover. A move below the 1.3881-88 level where the 100 and 200 hour MA are found is needed to perhaps find sellers. However, in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 11 Mar 2011 11:25 AM PST Noble Corporation (NYSE:NE) clinched a deal under which six of its shallow-water drilling rigs have been leased by Petroleos Mexicanos (aka Pemex), Mexico’s state-owned oil company. Additionally, the company has extended the contract for a rig (Noble Carl Norberg) in Mexico, under which Pemex has agreed to pay $57,000 to $59,000 per day.
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| Posted: 11 Mar 2011 11:25 AM PST Gentiva Health Services, Inc. (NASDAQ:GTIV) announced the completion of a refinancing of $727 million of indebtedness outstanding under its senior secured credit agreement.
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 11 Mar 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales. EUR/USD was trading at 1.3879, up 0.59% at time of writing. The pair was likely to find support at 1.3753, today's low, and resistance at 1.4036, Monday's high. Earlier in the day, official data showed that retail sales in the U.S. rose to a seasonally adjusted 1.00% last month, from 0.70% in the preceding month whose figure was revised up from 0.30%. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Kodak To Raise More Senior Notes Posted: 11 Mar 2011 11:05 AM PST Eastman Kodak Company (NYSE:EK) announced that it intends to issue senior secured notes of $250 million, up from the previous plan of a $200 million issue, in a private placement to qualified institutional buyers as per Rule 144A under the Securities Act of 1933.
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| Posted: 11 Mar 2011 11:05 AM PST National Semiconductor Corporation's (NYSE:NSM) earnings for the third quarter ended February 2011 were 3 cents higher than the Zacks Consensus estimate of 24 cents.
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| PHOTOS: Massive Earthquake Hits Japan Posted: 11 Mar 2011 11:02 AM PST More than 40 photos here from the Boston Globe. HT: Paul … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Large Prints In Energy SPDR ETF Put Options Posted: 11 Mar 2011 10:53 AM PST Large prints in Energy SPDR ETF put options
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| Posted: 11 Mar 2011 10:40 AM PST LaSalle Investment Management Inc., the property-fund unit of Jones Lang LaSalle Incorporated (NYSE:JLL) – a leading real estate investment trust (REIT), has recently raised a huge corpus of about $780 million (€ 560 million) from investors to acquire properties in Europe.
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| Vietnam Central Bank Further Tightens Monetary Policy Posted: 11 Mar 2011 10:36 AM PST The State Bank of Vietnam, having previously raised its main policy rate, lifted the rediscount rate to 12% from 7%, and increased the rate for recapitalizing banks to 12% from 11%. Vietnam reported annual inflation at a two-year high of 12.31% year on year in January, as prices rose 2.09% from January. The Vietnamese government has previously forecast economic growth of between 7.0% and 7.5% this year, compared to 6.78% in 2010, however with further tightening the actual result may be … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 11 Mar 2011 10:35 AM PST The US Food and Drug Administration (FDA) delivered a boost to Hospira, Inc. (NYSE:HSP) by approving cancer drug docetaxel. The drug is the generic version of Sanofi-Aventis’ (NYSE:SNY) Taxotere, which posted sales of approximately $1.2 billion in 2010.
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| Posted: 11 Mar 2011 10:35 AM PST Kirkland's Inc. (NASDAQ:KIRK) reported fourth-quarter 2010 earnings of 70 cents a share, which outpaced the Zacks Consensus Estimate by 6.1%. However, earnings were 35.2% below the year- ago levels.
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| Forex – AUD/USD Up During The U.S. Session Posted: 11 Mar 2011 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. AUD/USD was trading at 1.0119, up 1.11% at time of writing. The pair was likely to find support at 0.9970, today's low, and resistance at 1.0186, Monday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 68.20 last month from 77.50 in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Peru’s Central Bank Raises Interest Rate 25bps To 3.75% Posted: 11 Mar 2011 10:26 AM PST The Banco Central de Reserva del Peru raised its reference interest rate by 25 basis points to 3.75% from 3.50% previously. The Bank noted that the move was largely preventative in nature, given rising food and energy prices globally. The Central Reserve Bank of Peru President Julio Velarde said the Peruvian economy is likely to grow 7% in 2011. Peru reported inflation at a five-month high of 2.23% in February, compared to the Bank’s inflation target range of 1 percent to 3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Egypt Central Bank Holds Rate At 8.25% Posted: 11 Mar 2011 10:17 AM PST The Central Bank of Egypt announced no changed to its overnight deposit rate (8.25%) and overnight lending rate (9.75%), following a period of unrest in the country and region. The Bank also said it would launch regular repurchasing agreements (repo) as part of its monetary policy operational framework in the form of a 7‐day repo set by the MPC at 9.25 percent. Egypt recorded headline CPI inflation of 10.79% in February, compared to 10.71% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Trinidad & Tobago Central Bank Cuts Rate 25bps To 3.25% Posted: 11 Mar 2011 10:10 AM PST The Central Bank of Trinidad & Tobago reduced its repo rate by 25 basis points to 3.25% from 3.50% previously. The move was designed to stimulate the economy, with the bank saying: “Meanwhile with the recovery of the non‐energy sector activity remaining an urgent priority, the Bank has decided to reduce the ‘Repo’ rate…”. Trinidad & Tobago reported inflation of 12.5% in January 2011, down from 13.4% in December last year. While core inflation declined to 2.6% in January from 4.7% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Malaysia Central Bank Holds Rate At 2.75%, Lifts Reserve Requirement Posted: 11 Mar 2011 10:02 AM PST Malaysia’s Central Bank, the Bank Negara Malaysia, held its overnight policy rate unchanged at 2.75% and increased the statutory reserve requirement ratio to 2% from 1% previously. The bank said: “While the stance of monetary policy is expected to remain supportive of growth, the degree of monetary accommodation may be reviewed given the sustained growth in the economy and risks to inflation,”. Malaysia recorded inflation of 2.4% in January, a 20-month high. The Malaysian government expects the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up In U.S. Trade Posted: 11 Mar 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday. NZD/USD was trading at 0.7428, up 1.00% at time of writing. The pair was likely to find support at 0.7322, Thursday's low, and resistance at 0.7456, today's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.18% to hit 1.3630 and EUR/NZD falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Lower; Dax Down 1.16% Posted: 11 Mar 2011 09:55 AM PST Forex Pros – European stocks were down after the closing bell on Friday. At the close of European trade, Germany's DAX fell 1.16%, London's FTSE 100 shed 0.28%, France's CAC 40 declined 0.89% and the EURO STOXX 50 was down 0.89%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.32%; the S&P 500 index gained 0.54%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Week Ends With USD Sliding; Retail Sales Rise But Consumer Confidence Falls Posted: 11 Mar 2011 09:36 AM PST US Retail Sales Rise 1% in February Consumers increased spending on auto and parts, which surged by 2.3% in February, after rising 1.2% during January. Excluding autos, retail sales last month climbed 0.7%, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 10:00 PM PST With tax season in full bloom, many people are eagerly awaiting their tax returns so they can snag a new 3D HDTV, an iPad2 or tickets bound for Tahiti.
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