DailyMarkets.com - CSN Acquires Cement & Steel In Spain
DailyMarkets.com - CSN Acquires Cement & Steel In Spain |
- CSN Acquires Cement & Steel In Spain
- Euro: The Downside Prevails
- EUR/CHF Hammered Out A New Record Low At 1.2323
- O’Charley’s Beats On Higher Gains
- Manufacturing Data From China And Euro-zone Cause Concern About Global Growth
- Increasing Pressure On DSK And The Euro-Zone
- Red Robin Tops On Higher Comps
- Forex – USD/CAD Hits 2-month High As Crude Oil Tumbles
- NTRS’s Pension Fund Assets Enhanced
- Stock Market News Briefs: Acorda Therapeutics, Aes Trust, Akamai Technologies, Bank Of America, Barnes & Noble, BlackRock, Salesforce.com Inc, Gap, Morgan Stanley, Sprint Nextel Corporation
- Bon-Ton Misses, Lowers Outlook
- Pay Now Or Pay Later
- EUR/USD Opens Up The 1.3750 And 1.3450 Support Clusters Below 1.40
- Crude Oil Futures Extend Losses On U.S. Dollar, China, EU Fears
- FX Headlines: Aussie, Euro Plummet As Markets Shift To Risk Aversion
- Just How Much Corn Will U.S. Producers Plant?
- Morning Market Brief
- Hairy Start For The Euro As Risk Aversion Explodes
- Hibbett Tops Estimates
- FLIR Settles Litigation
- Euro Debt Weighs On Stocks
- Forex – EUR/GBP Hits 2-month Low As Debt Fears Weigh
- U.S. Stock Futures Tumble On EU Debt Fears; Dow Drops 0.95%
- ArcelorMittal To Invest $2.2 Billion
- Millicom Upgraded To Outperform
- Forex Trading: EURUSD Continues Trend Day Alive
- Week Starts With Crumbling Risk Sentiment, Retreat From Risky Assets
- Forex – Dollar Up Across The Board As Debt Woes Hammer Euro
- Crude Oil, Gold To Fall As Euro Zone Debt Fears Compound Risk Aversion
- Forex – GBP/USD Hits 3-day Low As Risk Sentiment Deteriorates
- Forex – Euro Extends Losses Vs. Dollar, Hits 10-week Low
- Cotton Futures Slump On Declining Global Demand
- Forex – USD/CHF Hits Daily High As Risk Aversion Escalates
- Forex Trading: EUR/JPY Receiving Support From Previous Lows
- Forex – Broadly Weaker Euro Hits Record Low Against Swiss Franc
- Forex News – Widened Losses On Debt Concerns
| CSN Acquires Cement & Steel In Spain Posted: 23 May 2011 07:31 AM PDT Brazil-based Companhia Siderurgica Nacional (NYSE:SID), or CSN recently announced that the company will be investing in Spain's cement and steel assets in an effort to expand its portfolio in the country.
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| Posted: 23 May 2011 07:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/CHF Hammered Out A New Record Low At 1.2323 Posted: 23 May 2011 07:15 AM PDT The Euro Ends Week Returning to Vulnerability (5/20) Short-term to Medium-term- The current record low for the EUR/CHF is 1.2323, although this might not be the "fresh" low for much long.
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| O’Charley’s Beats On Higher Gains Posted: 23 May 2011 07:05 AM PDT Nashville-based O’Charley's Inc. (NASDAQ:CHUX) reported profit in the first quarter of 2011, after incurring losses in six consecutive quarters. The positive results were driven by improved comps across all three brands due to higher traffic.
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| Manufacturing Data From China And Euro-zone Cause Concern About Global Growth Posted: 23 May 2011 07:00 AM PDT While much of the focus to start this week has been on events and developments with the Euro-zone sovereign debt crisis, weaker manufacturing data from China and the Euro-zone was an important part of today's strong risk aversion.
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| Increasing Pressure On DSK And The Euro-Zone Posted: 23 May 2011 06:58 AM PDT Despite areas of concern both here at home and around the world, most eyes remain fixated on developments within the Euro-zone at large and specifically on the developing case of former IMF head Dominique Strauss-Kahn.
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| Red Robin Tops On Higher Comps Posted: 23 May 2011 06:55 AM PDT Casual dining restaurant operator Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) reported first quarter 2011 adjusted earnings of 58 cents per share, comprehensively beating the Zacks Consensus Estimate of 24 cents and the year-ago quarter earnings of 15 cents.
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| Forex – USD/CAD Hits 2-month High As Crude Oil Tumbles Posted: 23 May 2011 06:39 AM PDT Forex Pros – The U.S. dollar rallied to a two-month high against its Canadian counterpart on Monday, as crude, Canada’s largest export tumbled on the back of a broadly stronger U.S. dollar.<br /><br />USD/CAD hit 0.9802 during early U.S. trade, the pair’s highest since March 28; the pair subsequently consolidated at 0.9788, gaining 0.50%.<br /><br />The pair was likely to find support at 0.9639, Friday’s low and resistance at 0.9852, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| NTRS’s Pension Fund Assets Enhanced Posted: 23 May 2011 06:37 AM PDT Last week, Northern Trust Corporation (NASDAQ:NTRS) announced that its UK pension fund client base substantially increased in 2010. Also, the company experienced a significant addition in assets under custody.
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| Posted: 23 May 2011 06:37 AM PDT Shares of Morgan Stanley (NYSE:MS) were guided lower after FrontPoint Partners LLC decided to close some of its hedge funds in which Morgan Stanley holds a minor stake by this month After a regulatory filing disclosed that the chief scientist of Akamai Technologies Inc. (NASDAQ:AKAM) had purchased 50,000 shares of its stock, the company's shares jumped 5.1% Salesforce.com Inc. (NYSE:CRM) reported first quarter fiscal 2012 adjusted net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Bon-Ton Misses, Lowers Outlook Posted: 23 May 2011 06:37 AM PDT Bon-Ton Stores Inc (NASDAQ:BONT) reported an adjusted loss of $1.48 in the first quarter of 2011, higher than the Zacks Consensus Estimate of a loss of $1.41. The lower-than-expected results were due to inclement weather conditions, which resulted in lower traffic.
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| Posted: 23 May 2011 06:32 AM PDT Someone recently asked me whether I thought the taxpayers would be willing to pay to clean up our fiscal mess.
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| EUR/USD Opens Up The 1.3750 And 1.3450 Support Clusters Below 1.40 Posted: 23 May 2011 06:31 AM PDT EUR/USD Ends Week Returning to Vulnerability (5/20) Short-term to Medium-term- The EUR/USD ended last week returning to the decline that started from near 1.4950. This week, the market has already reversed all of last week's rally, and is cracking the 1.40 support and psychological barrier.
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| Crude Oil Futures Extend Losses On U.S. Dollar, China, EU Fears Posted: 23 May 2011 06:29 AM PDT Forex Pros – Crude oil futures plunged on Monday, weighed down by the combined effect of a broadly stronger U.S. dollar, data showing weakening growth in China’s manufacturing sector and ongoing fears over the euro zone’s debt crisis.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD97.09 a barrel during U.S. morning trade, plunging 2.85%. <br /><br />It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| FX Headlines: Aussie, Euro Plummet As Markets Shift To Risk Aversion Posted: 23 May 2011 06:22 AM PDT The markets appear to be in a full-on risk-averse state as the Australian Dollar, European Euro, and New Zealand Dollar were all sold off in the overnight in favor of the Japanese Yen, Swiss Franc, and U.S. Dollar amid heightening concerns over the European sovereign debt crisis. Fundamental Headlines
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| Just How Much Corn Will U.S. Producers Plant? Posted: 23 May 2011 06:18 AM PDT Today’s Idea
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| Posted: 23 May 2011 06:15 AM PDT 05/23/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hairy Start For The Euro As Risk Aversion Explodes Posted: 23 May 2011 06:14 AM PDT The week got off to a rocky start with investors scrapping to buy dollars after taking a dizzying look at several swirling undercurrents that emerged over the weekend. Signs of a global slowdown continue to feed through weaker commodity prices with a dip to a 10-month low for a key Chinese gauge generating fresh worries on Monday. And while Greece had been the burning Eurozone issue throughout the past week a punishing round of municipal elections in Spain saw the ruling Socialist party suffer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 23 May 2011 06:06 AM PDT Hibbett Sports Inc. (NASDAQ:HIBB) reported first-quarter ended April 30, 2011 earnings of 76 cents per share, beating the Zacks Consensus Estimate of 68 cents. Earnings also came well ahead of the prior-year quarter earnings of 59 cents. The company has reported seventh consecutive quarter of earnings increases.
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| Posted: 23 May 2011 06:06 AM PDT FLIR Systems Inc. (NASDAQ:FLIR) has settled its litigation with William J. Parrish and E. Timothy Fitzgibbons (“Plaintiffs”), which was pending since 2008 in the California Superior Court for the County of Santa Barbara.
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| Posted: 23 May 2011 06:06 AM PDT With nothing major on the U.S. economic calendar, stocks will likely remain under pressure on Monday as negative rating agency actions have brought back Europe’s festering debt problems to the front burner all over again. In addition to lingering fears of Greek restructuring, Spain is in the news after the ruling party performed badly in regional elections, raising doubts on its ability to implement the tough austerity measures needed to ward off the need for a bailout. Renewed European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/GBP Hits 2-month Low As Debt Fears Weigh Posted: 23 May 2011 05:57 AM PDT Forex Pros – The euro sank to a two-month low against the pound on Monday, as a combination of continuing concerns over the euro zone debt crisis and weak economic data punished the single currency.<br /><br />EUR/GBP hit 0.8665 during European afternoon trade, the pair’s lowest since March 23; the pair subsequently consolidated at 0.8683, shedding 0.43%.<br /><br />The pair was likely to find support at 0.8588, the low of March 11 and resistance at 0.8763, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Stock Futures Tumble On EU Debt Fears; Dow Drops 0.95% Posted: 23 May 2011 05:42 AM PDT Forex Pros – U.S. stock futures dropped sharply on Monday, tracking global equities lower as mounting fears over the euro zone’s peripheral debt crisis weighed on market sentiment.<br /><br />Dow Jones Industrial Average futures pointed a drop of 0.95%, the S&P 500 futures sank 0.98%, while Nasdaq 100 futures tumbled 1%. <br /><br />Fitch Ratings cut Greece’s debt ratings by three notches on Friday, while Standard … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| ArcelorMittal To Invest $2.2 Billion Posted: 23 May 2011 05:35 AM PDT Steel giant, ArcelorMittal (NYSE:MT) is set to expand its mining operations in Quebec with an investment of C$2.1 billion ($2.2 billion). The expansion will likely create 8000 jobs during construction and more than 900 permanent jobs once completed.
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| Millicom Upgraded To Outperform Posted: 23 May 2011 05:35 AM PDT We upgrade our recommendation on Millicom International Cellular S.A. (NASDAQ:MICC) to Outperform. Millicom reported excellent financial results for the first quarter of 2011, easily beating the Zacks Consensus Estimates. This fabulous performance was primarily attributable to a double-digit growth in Latin America and Africa. Furthermore, highly penetrated Central American region also witnessed a 5% revenue growth. Significant growth of 3G mobile and broadband services coupled with lucrative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Continues Trend Day Alive Posted: 23 May 2011 05:30 AM PDT The EURUSD moved lower on Friday – staying below the 100 bar MA on the 5 minute chart. The opening today came in below the 1.4150 level which is the 38.2% of the 2011 low to high range. The price never rose above this level and has continued the trend down today. In the last hour or so, there was the most serious correction of the day. The price moved up to test the 100 bar MA (see 5 minute chart above) and the 38.2% of the move down from today's high at the 1.4036 (high reached 1.4038). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Week Starts With Crumbling Risk Sentiment, Retreat From Risky Assets Posted: 23 May 2011 05:28 AM PDT We start this week with a toxic mix of negative headlines and data that has caused equities in Asia and Europe to trade sharply lower. Oil prices were down 2.6% and investors sounded a retreat from higher yielding but riskier currencies like the EUR and commodity currencies like the AUD.
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| Forex – Dollar Up Across The Board As Debt Woes Hammer Euro Posted: 23 May 2011 05:11 AM PDT Forex Pros – The U.S. dollar was up against all of its major counterparts on Monday, as speculation over a restructuring of Greek debt curtailed demand for risk sensitive currencies.<br /><br />During European afternoon trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 0.86% to hit 1.4033.<br /><br />Worries about Greek debt intensified after Fitch Ratings downgraded the country’s sovereign debt by three notches to B+ from BB+ … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil, Gold To Fall As Euro Zone Debt Fears Compound Risk Aversion Posted: 23 May 2011 04:59 AM PDT Commodities – Energy
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| Forex – GBP/USD Hits 3-day Low As Risk Sentiment Deteriorates Posted: 23 May 2011 04:46 AM PDT Forex Pros – The pound extended losses against the U.S. dollar on Monday, sliding to a three-day low as ongoing concerns over the sovereign debt crisis in the euro zone boosted demand for traditional safe haven currencies.<br /><br />GBP/USD hit 1.6109 during European early afternoon trade, the pair’s lowest since May 18; the pair subsequently consolidated at 1.6127, shedding 0.63%.<br /><br />The pair was likely to find short-term support at 1.5970, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Euro Extends Losses Vs. Dollar, Hits 10-week Low Posted: 23 May 2011 03:39 AM PDT Forex Pros – The euro extended losses against the U.S. dollar on Monday, tumbling to a 10-week low as the single currency came under broad selling pressure amid worries over unresolved sovereign debt issues.<br /><br />EUR/USD hit 1.3970 during European late morning trade, the pair’s lowest since March 17; the pair subsequently consolidated at 1.4008, tumbling 1.05%.<br /><br />The pair was likely to find support at 1.3868, the low of March 17 and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Cotton Futures Slump On Declining Global Demand Posted: 23 May 2011 03:07 AM PDT Forex Pros – utures Pros – Cotton futures were down for a second day on Monday, pressured by a broadly stronger U.S. dollar and amid indications of a slowdown in global demand for the fiber.<br /><br />On the ICE Futures U.S. Exchange, cotton futures for July delivery traded at USD1.5375 a pound during European morning trade, tumbling 1.6%. <br /><br />It earlier fell by as much as 1.95% to a daily low of USD1.5326 a pound.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CHF Hits Daily High As Risk Aversion Escalates Posted: 23 May 2011 03:03 AM PDT Forex Pros – The U.S. dollar was higher against the Swiss franc on Monday, climbing to a daily high as ongoing fears over sovereign debt issues in the euro zone spurred demand for the safe haven greenback.<br /><br />USD/CHF hit 0.8758 during European morning trade, the daily high; the pair subsequently consolidated at 0.8830, gaining 0.61%.<br /><br />The pair was likely to find support at 0.8746, Friday’s low and an eight-day low and resistance at 0.8937, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EUR/JPY Receiving Support From Previous Lows Posted: 23 May 2011 02:48 AM PDT We've seen a sell-off in the euro against all of the major currencies this session. See here, the pair was testing resistance at the 200 hour moving average and then moved lower and completed a full hourly retracement. Following that, the pair has sold off another 100 points where it appears to have found some support from 113.85; a previous support level. If the rebound continues, we look back towards 114.90 as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Broadly Weaker Euro Hits Record Low Against Swiss Franc Posted: 23 May 2011 02:17 AM PDT Forex Pros – The euro tumbled to a record low against the Swiss franc on Monday, as ongoing concerns over the regions debt crisis and weaker-than-expected economic data spurred demand for safe haven currencies.<br /><br />EUR/CHF hit 1.2335 during European morning trade, a euro-lifetime low; the pair subsequently consolidated at 1.2348, shedding 0.62%.<br /><br />The pair was likely to find short-term support at 1.2300 and resistance at 1.2423, the day’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex News – Widened Losses On Debt Concerns Posted: 22 May 2011 10:22 PM PDT By ForexMansion.com
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