DailyMarkets.com - Fiserv Attempts Debt Refinancing

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• Fiserv Attempts Debt Refinancing
• Google Grows In Display Ad Market
• Eaton Serves Govt., Strengthens Ties
• Hot Option Plays: Opa! Short Gyros, Long Windex
• Forex – AUD/USD Down In U.S. Trade
• “Looking At The Long-term Trend”
• Avis To Buy Avis Europe
• BP Employs Diamond’s GoM Rig
• Penn Virginia Adds Illinois Reserves
• Terreno Buys Property In California
• Investing Strategies For A Volatile Chinese Market
• Forex – NZD/USD Down During The U.S. Session
• McGraw-Hill To Vend Broadcast Arm
• Forex Trading: GBP/USD Drops To Long-Term Trendline Support
• Mindray Awarded For Excellence
• XL Group Estimates Cat Loss
• JPMorgan Shuffles Retail Mgmt
• EBay Settles GSI Investor Claims
• Gannett Stays Neutral
• McGraw-Hill To Vend Broadcast Arm
• Contrarian Strategist Eyes Owens-Illinois Call Options
• Forex Trading: EURUSD Moves Toward The 100 Day MA At 1.4147
• Dollar Rallies On Risk Aversion
• Forex – GBP/USD Down In U.S. Trade
• Quicksilver Offers BBEP Units
• Meridian Tests For Killer E. Coli
• Citi To Buy Retail Assets In Russia
• New Prez For Advance Auto Unit
• CHSI Acquires Walgreen’s PBM Unit
• European Markets Close Lower; Dax Down 1.25%
• The Second-Coming Of The Texas Oil Boom
• Wendy’s And Arby’s Break Up
• FactSet EPS Meets, Revs Up
• Earnings Scorecard: Brown-Forman
• Drop In Trading Activity For Schwab
• Crude Trades Flat, Near $99
• CIT Declares Vendor Financing Deal
• PX’s Air Separation Plant In Canada
• Still Neutral On Loews
• Forex – EUR/USD Down At The End Of European Session
• Yields Slide As Investors Rethink Rally
• Morning Market Brief

Fiserv Attempts Debt Refinancing Posted: 15 Jun 2011 11:35 AM PDT Fiserv, Inc. (NASDAQ:FISV) recently announced that its previously announced tender offer to purchase 6.125% Senior Notes due 2012 for $1.0 billion expired yesterday. Fiserv is one of the leading providers of integrated information management and electronic commerce systems and services. Fiserv will make payment for all of the 2012 Notes validly tendered prior to the expiration of the tender offer, representing a total aggregate principal amount of approximately $699,802,000. Fiserv will pay accrued … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google Grows In Display Ad Market Posted: 15 Jun 2011 11:25 AM PDT IDC reported last month that in the first quarter of 2011, Google Inc's (NASDAQ:GOOG) display market share had grown into the largest. Google has been gradually narrowing the gap between itself and the now second-largest player, Yahoo! Inc. (NASDAQ:YHOO). While the market shares of Google and Yahoo were 13.3% and 13.6%, respectively in the quarter ended December 2010, in the first quarter of 2011, they moved to 14.7% and 12.3%, respectively, according to IDC. However, the display business of the two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Serves Govt., Strengthens Ties Posted: 15 Jun 2011 11:25 AM PDT Eaton Corporation (NYSE:ETN) said it has contracted with Hypower Inc. to provide a majority of energy distribution system products for the new $665 million Department of Veterans Affairs (VA) Medical Center in Orlando, Florida. Hypower Inc., a Florida-based electrical contractor and longtime Eaton customer, is in charge of constructing the medical center, which is a federal funded project. Eaton will supply switchgears, panel boards, switchboards, motor control center lineups, Power Xpert remote … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Opa! Short Gyros, Long Windex Posted: 15 Jun 2011 11:18 AM PDT Cusick’s Corner On the surface the catalyst of this latest pullback is Greece. But the reality is that it’s a larger mix of a strong Dollar, weak Euro with potential contraction of economic growth and a bad CPI that are the true catalysts. While I am surprised about the strength of the push to the downside, through 1260 on the Sept S&Ps and over a point pop on the VIX, I should expect this on a Quad Witching Expiration. I am watching into the After Hours to see if the shorts start to nibble … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 15 Jun 2011 11:15 AM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production.<br/><br/> AUD/USD was trading at 1.0575, down 1.04% at time of writing.<br/><br/> The pair was likely to find support at 1.0526, Monday&rsquo;s low, and resistance at 1.0716, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.1% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Looking At The Long-term Trend” Posted: 15 Jun 2011 11:09 AM PDT 06/15/11 DME Securities’ Alan Valdes discusses the implications of the latest fundamentals: Euro-zone debt and weaker US economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avis To Buy Avis Europe Posted: 15 Jun 2011 11:04 AM PDT Avis Budget Group Inc. (NYSE:CAR) announced that it is acquiring Avis Europe for 635 million pounds or $1.0 billion. After 25 years, the company again intends to unite the two businesses. The acquisition, which is expected to close in October 2011 and is subject to shareholder approval, court approval and regulatory clearances, is expected to be financed by cash, equity issuance of up to $250 million of Avis Budget common stock, and debt financing. The merger of two companies will lead to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP Employs Diamond’s GoM Rig Posted: 15 Jun 2011 11:04 AM PDT Diamond Offshore Drilling Inc. (NYSE:DO) has decided to shift a deepwater rig from the Gulf of Mexico (GoM). Diamond is slated to relocate the rig to work for BP Plc (NYSE:BP) in Vietnam, under a three-month contract recently signed by the two companies. Diamond's deepwater rig Ocean Monarch is scheduled to drill two wells for the British oil giant at the rate of $340,000 per day. The rig, capable of drilling up to 10,000 feet of water, is slated to reach Vietnam in November. However, Diamond … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Penn Virginia Adds Illinois Reserves Posted: 15 Jun 2011 11:04 AM PDT Penn Virginia Resource Partners L.P. (NYSE:PVR) announced the addition of another 26.8 million tons of coal reserves to its Illinois Basin assets. The partnership said it acquired these reserve properties from Indianapolis Power & Light Company for $13.5 million. Penn Virginia Resource said its newly acquired reserves, the Oatsville Reserve, embraces deep minable Springfield V seam coal located on roughly 5,875 acres in Gibson and Pike counties in Indiana. Located in close proximity to 16 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terreno Buys Property In California Posted: 15 Jun 2011 11:04 AM PDT Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building in Inglewood, California, for approximately $4.1 million. The acquisition is part of the long-term strategy of the company to desist from pursuing ground-up development or land investments, and instead own functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost. The acquired … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investing Strategies For A Volatile Chinese Market Posted: 15 Jun 2011 10:46 AM PDT Investing Strategies for a Volatile Chinese Market by Carl Delfeld, Investment U Senior Analyst Wednesday, June 15, 2011: Issue #1535 Last week, we looked at the big picture on why raging China bulls should temper their short-term expectations. And that China's growth could sharply slow dashing expectations of eternal double-digit growth. This, in turn, could send markets into a tailspin. Today, we look at some recent cracks in the China story and then get to the important part: What should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The U.S. Session Posted: 15 Jun 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.<br/><br/> NZD/USD was trading at 0.8066, down 1.41% at time of writing.<br/><br/> The pair was likely to find support at 0.8060, today&rsquo;s low, and resistance at 0.8281, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that core consumer price inflation in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McGraw-Hill To Vend Broadcast Arm Posted: 15 Jun 2011 10:40 AM PDT The McGraw-Hill Companies Inc. (NYSE:MHP) has decided to dispose its Broadcasting Group with an aim to re-evaluate its portfolio of businesses and concentrate more on global brands, and thereby enhance shareholder value through proper capital allocation. The company recently hired Morgan Stanley (NYSE:MS) for advice on the divestiture process. McGraw-Hill, which owns one of the top credit rating agencies (Standard & Poor's), did not highlight the time limit for the sale of the division. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBP/USD Drops To Long-Term Trendline Support Posted: 15 Jun 2011 10:38 AM PDT GBP/USD (daily chart) as of Wednesday (6/15/2011) has dropped significantly down to hit a key long-term uptrend support line extending back to the May 2010 lows. This occurs after price action respected a short-term downtrend resistance line extending back to the late April high. Currently, bearish momentum is strong and has reached a critical juncture. A breakdown below the long-term trendline has a key downside target around the psychologically important 1.6000 support/resistance level. To … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mindray Awarded For Excellence Posted: 15 Jun 2011 10:35 AM PDT Mindray Medical International Limited (NYSE:MR), a leading Chinese medical devices company, recently revealed that its Mindray V Series patient monitoring system bagged a gold award at the 2011 Medical Devices Excellence Award ("MDEA"). This event is an awards program for the med-tech universe in which products are considered on the basis of features/design that improve delivery of healthcare and reform medical practices. The Mindray V Series patient monitoring system is a scalable platform … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

XL Group Estimates Cat Loss Posted: 15 Jun 2011 10:35 AM PDT XL Group (NYSE:XL) expects preliminary net loss related to the storms that affected the Midwest and Southeast United States in April and May, to range between $50 million and $75 million, net of reinsurance and reinstatement premiums. The company expects majority of the loss to be attributable to XL’s reinsurance segment. In the first quarter, XL Group incurred catastrophe losses of $387.4 million, more than a two-fold increase from $181.1 million in the first quarter of 2010. Major catastrophes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JPMorgan Shuffles Retail Mgmt Posted: 15 Jun 2011 10:35 AM PDT On Tuesday, JPMorgan Chase & Co. (NYSE:JPM) announced the shuffling of its retail banking management. The company has taken such a step to bring in-house talent to the fore and rebuild its business, which is still wrestling with soured mortgages. Mainly, Charlie Scharf, CEO of retail financial services, will move to the company's private equity arm, One Equity Partners. Scharf's retail banking responsibilities will be distributed among three internal executives. Heidi Miller, head of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EBay Settles GSI Investor Claims Posted: 15 Jun 2011 10:35 AM PDT E-commerce service provider, eBay Inc. (NASDAQ:EBAY) has reached an agreement with GSI Commerce Inc. (NASDAQ:GSIC) to settle claims made by shareholders of the latter. The claims, which were related to eBay's proposed acquisition of GSI, had been filed in the Delaware state court. Per the settlement terms, holders of GSI stock will receive 33 cents a share in addition to the $29.25-a-share payment already agreed to by eBay. The investors will get the settlement money after the acquisition is wrapped up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gannett Stays Neutral Posted: 15 Jun 2011 10:35 AM PDT Currently, we have a long-term Neutral rating on Gannett Company, Inc. (NYSE:GCI), the diversified media conglomerate, with a price target of $14.00. Moreover, the company also holds a Zacks #3 Rank, which translates into a short-term Hold recommendation and correlates with our long-term view. Advertising remains a significant source of revenue for the company, which in turn depends upon the health of the economy. Gannett recently posted lower-than-expected first-quarter 2011 results, reflecting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McGraw-Hill To Vend Broadcast Arm Posted: 15 Jun 2011 10:35 AM PDT The McGraw-Hill Companies Inc. (NYSE:MHP) has decided to dispose its Broadcasting Group with an aim to re-evaluate its portfolio of businesses and concentrate more on global brands, and thereby enhance shareholder value through proper capital allocation. The company recently hired Morgan Stanley (NYSE:MS) for advice on the divestiture process. McGraw-Hill, which owns one of the top credit rating agencies (Standard & Poor's), did not highlight the time limit for the sale of the division. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Contrarian Strategist Eyes Owens-Illinois Call Options Posted: 15 Jun 2011 10:09 AM PDT Contrarian strategist eyes Owens-Illinois call options Today's tickers: OI, CAKE, XLK & HRB (NYSE:OI) – Owens-Illinois, Inc. – The world's largest maker of glass bottles reduced its second-quarter profit margin forecast citing higher costs and weaker demand in Australia. The market's reaction to the Ohio-based company's revised estimates was swift, with shares in Owens-Illinois sliding ahead of the opening bell this morning. Shares are currently down 10.3% at $26.50 just after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Toward The 100 Day MA At 1.4147 Posted: 15 Jun 2011 10:05 AM PDT The low has reached the 1.4180 level.   This level was a support level from when the price was last at the level.  In addition to the 100 day MA, there is also other support at the Fibonacci Expansion at the 1.4166 level (see chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Rallies On Risk Aversion Posted: 15 Jun 2011 05:00 AM PDT 06/15/11 The US dollar rallied this session on growing risk aversion spurred by the Empire State Manufacturing index coming in below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In U.S. Trade Posted: 15 Jun 2011 10:00 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change.<br/><br/> GBP/USD was trading at 1.6198, down 1.05% at time of writing.<br/><br/> The pair was likely to find support at 1.6192, today&rsquo;s low, and resistance at 1.6442, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that the U.K. claimant count change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quicksilver Offers BBEP Units Posted: 15 Jun 2011 09:55 AM PDT Quicksilver Resources Inc. (NYSE:KWK) made a public offering of 7 million units of BreitBurn Energy Partners L.P. (NASDAQ:BBEP). The underwriters to the issue will have a 30-day option to purchase up to 1.05 million additional units to cover over-allotments. The company intends to utilize the proceeds from the offering to repay a portion of its outstanding borrowings under the senior secured credit facility and for general corporate purposes. During November 2007, Quicksilver sold all of its legacy oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Meridian Tests For Killer E. Coli Posted: 15 Jun 2011 09:55 AM PDT Diagnostic test kit maker Meridian Bioscience (NASDAQ:VIVO) recently reported that its tests have successfully detected the deadly toxins produced by E. coli O104:H4, the rare strain of the bacterium Escherichia coli (E. coli) responsible for the recent E. coli outbreak in Europe. E. coli O104:H4, the virulent shiga toxin producing E. coli ("STEC") strain, is responsible for many deaths and has also caused hemolytic uremic syndrome ("HUS") in hundreds of others. HUS, which predominantly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi To Buy Retail Assets In Russia Posted: 15 Jun 2011 09:55 AM PDT Citigroup Inc. (NYSE:C) is expanding its retail banking activities in Russia by acquiring a part of the Russian banking business of HSBC Holdings Plc. (NYSE:HBC). The sale, which is expected to be completed in the third quarter of 2011, involves assets worth about $10.7 million. HSBC divestiture is part of its effort to concentrate on its commercial and wholesale banking operations. In this context, HSBC had announced the intention to close its retail and private-banking units in Russia in April. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Prez For Advance Auto Unit Posted: 15 Jun 2011 09:55 AM PDT Advance Auto Parts Inc. (NYSE:AAP) recently announced the appointment of Jim Durkin as the President of Autopart International (a segment of Advance auto). The company looks up to the new President for accelerating growth and expanding Autopart International keeping in terms with the company's overall commercial strategy, thereby ensuring success and improved profitability from the segment. Before joining Advance auto, Mr. Durkin played the role of Executive Vice President at Global Sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CHSI Acquires Walgreen’s PBM Unit Posted: 15 Jun 2011 09:55 AM PDT Catalyst Health Solutions Inc. (CHSI) has announced that it has completed the acquisition of the pharmacy benefit management (PBM) business of Walgreen Co.  (WAG). The acquisition was announced on March 9, 2011, and the deal cost Catalyst Health $525 million in cash. Catalyst Health had earlier stated that it would update its financial guidance after the closure of the deal. Although, the deal is anticipated to be EPS-neutral to Walgreen in fiscal 2012, it will help Catalyst Health better … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 1.25% Posted: 15 Jun 2011 09:55 AM PDT Forex Pros – European stocks were down after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 1.25%, London&rsquo;s FTSE 100 shed 1.04%, France&rsquo;s CAC 40 declined 1.49% and the EURO STOXX 50 was down 1.74%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.38%; the S&P 500 index shed 1.52%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Second-Coming Of The Texas Oil Boom Posted: 15 Jun 2011 09:53 AM PDT The Second-Coming of the Texas Oil Boom by David Fessler, Investment U Senior Analyst Wednesday, June 15, 2011 It's been almost 50 years since Americans heard that famous line from The Ballad of Jed Clampett: "Oil that is, black gold, Texas tea." For the rest of the world, the 20th century began on January 1, 1901. But for Texans, it started nine days later when the Spindletop well blew out drilling mud, gas and oil… Texas tea, as it soon became known. The gusher spouted more than 100 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wendy’s And Arby’s Break Up Posted: 15 Jun 2011 09:35 AM PDT Wendy's/Arby's Group Inc. (NYSE:WEN) recently sold Arby's to Atlanta-based private equity firm Roark Capital Group for $430 million. Post-split, Wendy's/Arby's Group will receive approximately $130 million in cash and retain an ownership interest in the Arby's business of 18.5%, which translates to approximately $30 million. The buyer will assume approximately $190 million of Arby's-related debt, consisting primarily of capital lease and sale-leaseback obligations. The rest of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FactSet EPS Meets, Revs Up Posted: 15 Jun 2011 09:35 AM PDT FactSet Research (NYSE:FDS) reported third quarter 2011 earnings per share (EPS) of 92 cents, in line with the Zacks Consensus Estimate. Revenue The company reported total revenue of $183.6 million in the third quarter of 2011, up 15.0% from $160.3 million reported in the year-ago quarter.  FactSet benefited from the surge in demand in its server markets and also witnessed improvement in the annual subscription value and client count. Revenues from the U.S. were $126.0 million, up 16.0% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Brown-Forman Posted: 15 Jun 2011 09:35 AM PDT One of the world’s leading producers and distributors of premium alcoholic beverages, Brown-Forman Corporation (BF.B), recently posted its fourth-quarter 2011 results. The street analysts had nearly a week to ponder on the news. In the subsequent paragraphs that follow, we will cover the recent earnings announcement, analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Quarterly Review On June 09, 2011, Brown-Forman reported fourth-quarter 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Drop In Trading Activity For Schwab Posted: 15 Jun 2011 09:35 AM PDT Charles Schwab Corp.(NASDAQ:SCHW) released its Monthly Activity Report for May 2011, recording a 23% drop in client activity compared with May 2010 and a 9% decline from April 2011. The company's daily average trades stood at 395,900 during the reported month. The substantial fall in client activity could be strongly indicative of investors' lack of confidence in the stock market. Schwab also reported opening of 61,000 brokerage accounts in May 2011, up 3% from May 2010 but down 27% from April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Trades Flat, Near $99 Posted: 15 Jun 2011 09:30 AM PDT 06/15/11 Front month crude prices were trading within a tight range today following a surprise decline in crude inventories clashing with a stronger US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CIT Declares Vendor Financing Deal Posted: 15 Jun 2011 09:10 AM PDT Yesterday, CIT Group Inc. (NYSE:CIT) announced to establish a vendor financing relationship. The agreement was made between CIT Vendor Finance and MAGE SOLAR USA, a leading provider of residential, public and commercial solar energy systems. Under the terms of the deal, the two companies developed a financing program. The program is expected to offer a lucrative source of financing to installers and commercial end-user customers of MAGE SOLAR's photovoltaic systems. Vendor financing programs are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PX’s Air Separation Plant In Canada Posted: 15 Jun 2011 09:02 AM PDT Recently Praxair Inc's (NYSE:PX) Canadian unit, Praxair Canada Inc. commenced operations at a cryogenic air separation plant, which will supply over 900 tons of gaseous oxygen daily to Essar Steel Algoma Inc.'s steel mill.  A member of the Essar Group, Essar Steel Algoma Inc. specializes in the manufacturing and selling of hot and cold rolled steel products. It's steel plant is located in Sault Ste. Marie, Ontario, Canada. Praxair's extension with its new facility in Canada will not … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Still Neutral On Loews Posted: 15 Jun 2011 09:02 AM PDT We are retaining our Neutral rating on Loews Corporation (NYSE:L), as the company's performance was weighed down by Lower earnings at Diamond Offshore reflecting reduced day rates and utilization coupled with slightly lower earnings at CNA Financial Corporation. Loews Corporation reported first-quarter 2011 adjusted net income of 89 cents per share, marginally the Zacks Consensus Estimate and lower from the year-ago earnings of 97 cents. Counting on the positives, CNA Financial’s agreement to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of European Session Posted: 15 Jun 2011 09:00 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.<br/><br/> EUR/USD was trading at 1.4220, down 1.54% at time of writing.<br/><br/> The pair was likely to find support at 1.4206, today&rsquo;s low, and resistance at 1.4551, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that core consumer price inflation in the U.S. rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yields Slide As Investors Rethink Rally Posted: 15 Jun 2011 08:46 AM PDT An anxious moment along the road to provide Greece with its next rescue payment and a higher than hoped for reading of U.S. inflation held back a rally for bonds. However, should risk aversion continue its rise before the weekend there seems little will stand in the path of a further swoon in yields to their lowest this year as evidence of a growth slowdown continues to show up. Eurodollar futures – September and December Eurodollar futures eased by a couple of basis points seemingly on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 15 Jun 2011 01:15 AM PDT 06/15/11 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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