Wednesday, October 5, 2011

DailyMarkets.com - Travel Credit Cards – Which Travel Credit Card To Get?

DailyMarkets.com - Travel Credit Cards – Which Travel Credit Card To Get?

Travel Credit Cards – Which Travel Credit Card To Get?

Posted: 05 Oct 2011 07:35 AM PDT

A travel credit card is your best bet if you want to greatly cut the cost of your next vacation. One reason I like travel rewards cards is because they reward you in miles, points or cash for every dollar you spend on everyday purchases, which means you rack up rewards very rapidly. These credit cards also give you special travel perks, such as travel insurance, free check-in of your first bag, access to VIP airport lounges or hotel room upgrades.

Because credit card issuers frequently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Re-approach 14-month Low As Dollar Weighs

Posted: 05 Oct 2011 07:26 AM PDT

Forexpros – Copper futures were down sharply on Wednesday, re-approaching a 14-month low as ongoing concerns over the sovereign debt crisis in the euro zone and a broadly stronger U.S. dollar drove prices lower.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.037 a pound during U.S. morning trade, tumbling 2.16%.

It earlier fell by as much as 2.5% to trade at USD3.026 a pound, hovering close to Monday's 14-month low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Extend Gains On IMF Pledge; DAX Up 4.42%

Posted: 05 Oct 2011 07:11 AM PDT

Forexpros – European stock markets extended gains on Wednesday, as indications that the International Monetary Fund may buy euro zone bonds added to hopes that new measures are being considered to avoid debt contagion.

During European morning trade, the EURO STOXX 50 jumped 3.27%, France's CAC 40 rallied 3.29%, while Germany's DAX 30 climbed 4.42%.

European stock markets added to gains after the IMF indicated that it could buy Spanish or Italian bonds alongside the euro zone bailout … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. ISM Non-manufacturing PMI Down In Line With Expectations

Posted: 05 Oct 2011 07:07 AM PDT

Forexpros – Service sector activity in the U.S. declined in line with expectations in September, industry data showed on Wednesday.

In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index dipped by 0.3 points to 53.0 in September from 53.3 in August, broadly in line with market expectations.

On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 indicates the sector is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yum! Surpasses Consensus EPS

Posted: 05 Oct 2011 07:05 AM PDT

Yum! Brands Inc. (NYSE:YUM) reported third quarter 2011 adjusted earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 74 cents. Earnings increased 13% year over year, mainly on the back of strong performance at its China division and other emerging markets as well as a lower tax rate. On a reported basis, Yum! Brands' quarterly earnings were 74 cents per share, up 8% year over year.
The company reported a 14% year-over-year increase in total revenue to $2,854 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dejour To Begin Drilling In The Piceance Basin

Posted: 05 Oct 2011 07:05 AM PDT

Dejour to begin drilling in the Piceance Basin

Steven Ralston, CFA

Dejour (DEJ) announced after the close yesterday that the company has received approval from the Bureau of Land Management to begin development of its federal leases located Colorado. The initial permits allow Dejour to construct a drilling pad and drill the first four wells into the Williams Fork structure at Gibson Gulch, a liquid rich gas area in the Piceance Basin. The site is in close proximity to proven wells drilled by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exxon, Aker Ink $400M Deal

Posted: 05 Oct 2011 07:05 AM PDT

SeaRiver Maritime Inc., a U.S. marine affiliate of ExxonMobil Corporation (NYSE:XOM) inked an agreement with Aker Philadelphia Shipyard for the construction of two new Liberty Class tankers. The contract, valued at $400 million, is projected to generate more than 1,000 jobs over its two-year construction period.
The double hull tankers will be used to carry crude oil from Alaska North Slope to U.S. West Coast destinations. The construction is expected to begin in mid 2012 and is scheduled for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Trims Gains After ADP Payrolls Report

Posted: 05 Oct 2011 06:56 AM PDT

Forexpros – The U.S. dollar trimmed gains against its Canadian counterpart on Wednesday, after a report showing that U.S. private sector employment increased more-than-expected last month boosted risk appetite.

USD/CAD pulled back from 1.0572, the daily high, to hit 1.0519 during early U.S. trade, still up 0.07% over the day.

The pair was likely to find support at 1.0431, Monday's low and resistance at 1.0656, Tuesday's high and a more than one-year high.

Payroll processing firm ADP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Trims Losses After IMF Offer

Posted: 05 Oct 2011 06:46 AM PDT

Forexpros – The euro trimmed losses against the yen on Wednesday, after the International Monetary Fund said it could contribute to buying euro zone bonds in order to help avoid contagion of the region’s debt crisis.

EUR/JPY pulled back from 101.62 during European afternoon trade, the daily low to hit 102.27, still down 0.26%.

The pair was likely to find support at 100.74, Tuesday’s low and short-term resistance at 103.22, the high of October 3.

Antonio Borges, the head of the IMF’s Europe … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cotton Futures Edge Lower On Profit Taking

Posted: 05 Oct 2011 06:37 AM PDT

Forexpros – Cotton futures edged lower on Wednesday, pulling back from an eight-day high as some mild-profit taking emerged after Tuesday's sharp gains, while a broadly stronger U.S. dollar also weighed.

On the ICE Futures U.S. Exchange, cotton futures for December delivery traded at USD1.0173 a pound during European afternoon trade, shedding 0.33%.

It earlier fell by as much as 0.52% to trade at a daily low of USD1.0159 a pound.

Cotton prices rallied by as much as 3.75% on Tuesday to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Alexza Pharmaceuticals, Alexion Pharmaceuticals, Alexandria Real Estate Equities, General Maritime, NRG Energy, Red Hat, Sprint Nextel Corporation

Posted: 05 Oct 2011 06:35 AM PDT

    Drug developer Transcept Pharmaceuticals Inc.'s (TSPT) shares increased 33.77% to close at $8.08 after the company’s experimental sleep treatment got approved from the regulators

    Share prices of General Maritime Corp. (NYSE:GMR) declined 7.35%  after the company reported its plans for a possible restructuring

    Shares of power company NRG Energy Inc. (NYSE:NRG) shed 1.81% to close at $19.57 after the company lowered down its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Index Climbs A Wall Of Worry

Posted: 05 Oct 2011 06:33 AM PDT

Wednesday, October 5, 2011
One of the biggest beneficiaries of the recent European debt crisis has been the US Dollar, with the Dollar Index futures rallying over 6 full points since the end of August. Should Greece finally be forced to declare some type of default on its obligations, we may see a knee-jerk reversal of the recent trends, as one of the major “concerns” will have finally been settled. Some traders looking for a big move in the Dollar index but with a bearish bias may wish to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Softens In Overnight As Markets Digest Moody’s Downgrade Of Italy

Posted: 05 Oct 2011 06:30 AM PDT

Fundamental Headlines
• Obama Prods Cantor to Get House Jobs Vote – Bloomberg
• EU Banks Pledge, IMF Comments Lift Stocks, Euro – Reuters
• Plunging PMIs Fuel Recession Fears – Reuters
• Dexia Set for Restructuring – WSJ
• French Minister: Open to Bigger Greek Debt Haircut – WSJ
European Session Summary
Headed into the last thirty minutes of trading, with U.S. equity markets and the commodity currencies holding above session lows, there was little reason to be bullish. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Steady After ADP Payrolls Report

Posted: 05 Oct 2011 06:14 AM PDT

Forexpros – The U.S. dollar was steady against its major counterparts on Wednesday, after a report showing that U.S. private sector employment rose more-than-expected last month.

During European afternoon trade, the greenback was higher against the euro, with EUR/USD slipping 0.19% to hit 1.3323.

The euro found support after the International Monetary Fund indicated that it could invest in Spanish and Italian government debt, in conjunction with the euro zone's bailout fund, the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Rejects Samsung Offer

Posted: 05 Oct 2011 06:05 AM PDT

According to a recent report from news agency Reuters, Apple Inc. (NASDAQ:AAPL) rejected an offer from Samsung Electronics Co that would have helped the U.S. company secure a quick court ruling over the patent infringement case it currently fights with the Korean company in Australia.
Of course, the offer came with a rider. In return for its help in expediting the legal process, Apple was asked to immediately allow Samsung to launch its new Galaxy tab in Australia. Samsung had hoped to launch the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NetApp Builds Up Storage Space

Posted: 05 Oct 2011 06:05 AM PDT

Ace storage vendor NetApp Inc. (NASDAQ:NTAP) announced that it inked two back-to-back deals, last week. Financial details of those deals were not made public.
NetApp was selected by the U.S. Department of Energy (DoE) to get a comprehensive storage foundation for its yet-to-be-operational supercomputer. Sequoia. The supercomputer is slated for deployment at Lawrence Livermore National Laboratory in Livermore, California by 2012. Sequoia will help scientists in complex calculations related to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADP Report Better Than Expected

Posted: 05 Oct 2011 06:05 AM PDT

The market is expected to shift its attention from developments in Europe to developments on the home front. But as Tuesday’s late-session rally on unconfirmed reports of bank recapitalization plans showed, developments in Europe are the biggest draw for this market.

But the market will be getting a closer look at the domestic labor market the rest of this week, starting with this morning’s better-than-expected ADP jobs report and culminating with the all-important government non-farm payroll … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Remains Lower As Easing Fears Weigh

Posted: 05 Oct 2011 06:03 AM PDT

Forexpros – The pound remained lower against the U.S. dollar on Wednesday, after data showed that U.S. private sector employment increased more-than-expected last month.

GBP/USD hit 1.5412 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.5447, shedding 0.25%.

Cable was likely to find support at 1.5339, Tuesday's low and an almost one-year low and resistance at 1.5585, Monday's high.

Payroll processing firm ADP said non-farm private employment rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Rise On Euro Zone Hopes; Dow Jones Up 0.13%

Posted: 05 Oct 2011 05:42 AM PDT

Forexpros – U.S. stock futures pointed to a higher open on Wednesday, amid speculation that European leaders may consider recapitalizing financial institutions in an attempt to support the region’s faltering banking sector.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.13%, S&P 500 futures signaled a 0.26% increase, while the Nasdaq 100 futures indicated a 0.16% rise.

Market sentiment lifted earlier, after the Financial Times reported that euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco’s Earnings Surge

Posted: 05 Oct 2011 05:35 AM PDT

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted fourth-quarter 2011 results. The quarterly earnings of $1.08 per share missed the Zacks Consensus Estimate by a penny, but rose 11.3% from 97 cents earned in the prior-year quarter.
The Zacks Consensus Estimate had remained stagnant with only 1 out of 23 analysts covering the stock raising the projection in the last 30 days.
The increase in the bottom-line was buoyed by double-digit growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Card Giants Ease Over Fed Rulings

Posted: 05 Oct 2011 05:35 AM PDT

Lobbying charges for Visa Inc. (NYSE:V), American Express Co. (NYSE:AXP), MasterCard Inc. (NYSE:MA) and Discover Financial Services (NYSE:DFS) witnessed a decline for the second quarter of 2011, reflecting reduced anxiety over financial overhaul reforms. All the card giants lobbied the federal government over the recent regulations.
Early this week, Visa, Discover Financial, MasterCard and AmEx reportedly spent $1.44 million, $0.2 million, $0.77 million and $0.61 million, respectively, in the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Remains Lower After ADP Payrolls Data

Posted: 05 Oct 2011 05:34 AM PDT

Forexpros – The euro remained lower against the U.S. dollar on Wednesday, in steady trade after a report showed that U.S. private sector employment rose more-than-expected in September.

EUR/USD hit 1.5412 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.5445, shedding 0.21%.

The pair was likely to find support at 1.3144, Tuesday's low and an eight-and-a-half month low and resistance at 1.3600, the high of September 30.

Payroll processing firm ADP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Pares Gains After ADP Payrolls Rise

Posted: 05 Oct 2011 05:24 AM PDT

Forexpros – The U.S. dollar pared gains against the Swiss franc on Wednesday, pulling away from the daily high after a report showed that U.S. private sector job creation increased more-than-expected in September.

USD/CHF pulled back from 0.9239, the daily high, to hit 0.9181 during European afternoon trade, still up 0.22% on the day.

The pair was likely to find short-term support at 0.9076, Monday's low and short-term resistance at 0.9261, Tuesday's high and a six-month high.

Payroll … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. ADP Non-farm Payrolls Rise More-than-expected

Posted: 05 Oct 2011 05:20 AM PDT

Forexpros – U.S. non-farm private employment rose more-than-expected in September, industry data showed on Wednesday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 91K in September, beating expectations for an increase of 70K.

The previous month's figure was revised down to a gain of 89K from a previously reported increase of 91K.

The report said employment in the service-providing sector rose by 90K in September, marking 21 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Gains On EU Bank Rescue Hopes, Gold Down Absent QE Pledge

Posted: 05 Oct 2011 04:48 AM PDT

Talking Points

Crude Oil to Rise with S&P 500 Amid EU Bank Rescue Speculation
Gold Back Under Pressure After Fed's Bernanke Dismissed More QE

WTI Crude Oil (NY Close): $75.67 // -1.94 // -2.50%
S&P 500 stock index futures are pointing sharply higher ahead of the North American trading open, hinting crude oil prices are set to rise along with the spectrum of risky assets as sentiment improves (if only briefly) across financial markets. Optimism appears to be driven by comments from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Higher As BoE Easing Fears Hit Pound

Posted: 05 Oct 2011 04:46 AM PDT

Forexpros – The euro was higher against the pound on Wednesday, as concerns over the prospect of fresh easing measures by the Bank of England continued to weigh on sentiment towards sterling.

EUR/GBP hit 1.0572 during European early afternoon trade, the daily high; the pair subsequently consolidated at 0.8632, gaining 0.15%.

The pair was likely to find support at 0.8532, Tuesday's low and an almost three-week low and resistance at 0.8685, the high of September 13.

The pound trimmed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corn Rebounds Amid Speculation Of Increased China Demand

Posted: 05 Oct 2011 04:19 AM PDT

Forexpros – Corn futures regained strength on Wednesday, pulling further away from a ten-month low amid speculation that the recent slump in prices will boost corn demand from China.

On the Chicago Mercantile Exchange, corn futures for December delivery traded at USD5.9738 a bushel during European morning trade, jumping 1.53%.

It earlier rose by as much as 1.6% to trade at USD5.9788 a bushel, the highest price since October 3.

The U.S. Grains Council said on Tuesday that it expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Up Sharply As Financials Gain; DAX Up 2.8%

Posted: 05 Oct 2011 03:37 AM PDT

Forexpros – European stock markets were up sharply on Wednesday, as shares in the financial sector were boosted by reports that European Union finance officials were looking at a bank recapitalization plan.

During European morning trade, the EURO STOXX 50 jumped 2.45%, France's CAC 40 rallied 2.7%, while Germany's DAX 30 climbed 2.8%.

Market sentiment was lifted after a report in the Financial Times said that euro zone finance ministers are looking into ways to coordinate the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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