DailyMarkets.com - Quicksilver Sells More BBEP Units

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• Quicksilver Sells More BBEP Units
• Hot Option Plays: Lower Swap Rate Pops The Market
• Henry Schein Offers Total Health
• UTI Misses On Bottom Line
• Universal Misses On Bottom Line
• CSX Launches Carbon Calculator
• S&P Downgrades Wall Street Giants
• Markets In Everything: Dissolving Fruit Labels
• Gartman, Fisher Debut Risk ETNs
• Europe Withers, But The World Hopes
• Can You Live Without Debt?
• Transocean Tanks On Offering Notice
• Forex – USD/JPY Down During The U.S. Session
• AMR And US Airways Flying Together?
• PLD Fully Leases Phoenix Property
• Eni Buys Stake Offshore Australia
• European Markets Close Higher; Dax Up 4.98%
• Genomic Health To Showcase Key Data
• People’s Bank Of China Drops RRR 50bps To 21%
• Risk Premium Returning To Crude Oil Prices?
• National Retail Issues Public Offering
• Euro Rebounds Courtesy Of Central Banks
• More Job Cuts At AMSC
• Good News From China, Jobs
• Priority FDA Review For Eliquis
• Lexington Gets New Save-A-Lot Store
• Genworth Mulls Restructuring
• Einstein Noah Buys Kettleman Bagel
• Leap Wireless In Neutral Zone
• Onyx’ Cancer Drug On Right Track
• American Oriental In Neutral Lane
• Xerox Buys Breakaway Group
• Mylan Approved For Zinecard Generic
• McDonald’s Stable At Neutral
• Humana To Buy SeniorBridge
• Alere Takes Over Arriva
• Wall Street Rallies On Fed Action
• Crude Above $101
• Crude Oil Remains Above USD101-a-barrel After U.S. Supply Data
• Forex – Dollar Tumbles Vs. Rivals After Coordinated Liquidity Move
• Natural Gas Futures Drop On Mild Weather, Supply Data In Focus
• Forex – GBP/USD Sharply Higher After Central Bank Action
• U.S. Stocks Rally After Central Banks’ Move; Dow Soars 3.3%
• Forex – EUR/USD Rallies On Global Central Bank Liquidity Action
• U.S Pending Home Sales Surge In October
• Commodity Currencies Surge On Coordinated Central Bank Intervention
• Chicago PMI Rises To 7-month High In November
• Forex – USD/CAD Tumbles More Than 1.5% In Risk Rally
• Gold Rallies To 2-week High On Central Banks’ Liquidity Boost
• Central Banks To The Rescue
• Forex – EUR/JPY Jumps To 2-week High After Central Bank Action
• Conygar Upbeat On Performance As Real Estate Market Shows Signs Of Improvement

Quicksilver Sells More BBEP Units Posted: 30 Nov 2011 11:50 AM PST Quicksilver Resources Inc. (NYSE:KWK) made a public offering of around 6.97 million units of BreitBurn Energy Partners L.P. (NASDAQ:BBEP). Quicksilver will allow the underwriters of the issue a window of 30 days to purchase up to 1,045,177 additional common units to cover over-allotments, if necessary. Although the company is silent about the possible use of the proceeds, historically it has been seen that the company uses the proceeds for repaying a portion of its outstanding borrowings under the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Lower Swap Rate Pops The Market Posted: 30 Nov 2011 11:39 AM PST Cusick’s Corner A cheap buck, UUP, has the bears on the run and the bulls starting to chase. It’s now cheaper for the EU to get liquidity because the Fed cut rates on dollars they lend to EU banks in exchange for their currency. This could be a solution if you are on the side of the fence that believes that most of the problems were due to liquidity. But if the issue is one of solvency, then this cheaper liquidity might be only be kicking the proverbial debt can a little further down the road … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Henry Schein Offers Total Health Posted: 30 Nov 2011 11:35 AM PST Henry Schein (NASDAQ:HSIC), a worldwide distributor of healthcare products and services, recently launched its new “Total Health Beyond the Mouth” program developed in collaboration with the American Academy for Oral Systemic Health. This new integrated wellness and education program reveals to patients the vital link between oral health and total health, as well as helps out dental professionals in detecting probable systemic health problems, including periodontal disease, oral cancer, sleep … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UTI Misses On Bottom Line Posted: 30 Nov 2011 11:30 AM PST Universal Technical Institute Inc. (NYSE:UTI) recently posted lower-than-expected fourth-quarter 2011 results. The quarterly earnings of 24 cents a share missed the Zacks Consensus Estimate of 28 cents, and dropped 17.2% from 29 cents earned in the prior-year quarter due to fall in students' enrollment. Behind the Headline Net revenue for the quarter declined 6.6% to $111.4 million from the prior-year quarter, and came ahead of the Zacks Consensus Estimate of $111 million. The fall in revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Universal Misses On Bottom Line Posted: 30 Nov 2011 11:20 AM PST Universal Technical Institute Inc. (NYSE:UTI) recently posted lower-than-expected fourth-quarter 2011 results. The quarterly earnings of 24 cents a share missed the Zacks Consensus Estimate of 28 cents, and dropped 17.2% from 29 cents earned in the prior-year quarter due to fall in students' enrollment. Behind the Headline Net revenue for the quarter declined 6.6% to $111.4 million from the prior-year quarter, and came ahead of the Zacks Consensus Estimate of $111 million. The fall in revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSX Launches Carbon Calculator Posted: 30 Nov 2011 11:05 AM PST CSX Corporation (NYSE:CSX) has introduced an improved Carbon Calculator to aid its customers in making supply chain decisions. The Calculator will compare carbon emissions by freight rail with long-haul trucks over similar routes and provide an insight over the significance of rail freight transportation over truck in terms of environmental benefits. In other words, it projects the efficiency of intermodal shipments in reducing carbon emissions. Given the periodic rises in fuel price, shippers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Downgrades Wall Street Giants Posted: 30 Nov 2011 11:05 AM PST On Tuesday, Standard & Poor’s (S&P) lowered its credit ratings for many U.S. and European banks. Out of 37 banks reviewed by S&P, ratings for 15 were downgraded, ratings remained unchanged for 20 and the remaining 2 were awarded upgraded ratings. The banks whose ratings fell, included Wall Street giants – Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Wells Fargo & Company (NYSE:WFC), The Goldman Sachs Group Inc. (NYSE:GS) and Morgan … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Dissolving Fruit Labels Posted: 30 Nov 2011 11:04 AM PST NPR — “[A start-up firm] is preparing to roll out Fruitwash, a sticker that turns into a soap under running water. Once dissolved, the Fruitwash allegedly removes wax, pesticides, and dirt from fruit and vegetables. And while [the inventor] won’t reveal what the sticker is made of, [he] says it contains all ‘organic’ ingredients.” HT: Fred … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gartman, Fisher Debut Risk ETNs Posted: 30 Nov 2011 10:55 AM PST 11/30/11 Dennis Gartman and Mark Fisher discuss the Fisher-Gartman Risk Index at the NYSE. UBS launched two new ETNs that are linked to the performance of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europe Withers, But The World Hopes Posted: 30 Nov 2011 10:50 AM PST Charles Dickens' classic 'A Tale of Two Cities' begins: “It was the best of times, it was the worst of times…” Isn't the world going through similar moments of despair and hope? The world hoped and hoped that the economic crisis that started in 2008 will soon end for the better with bailout packages and strong government intervention. Instead we faced crises — a seemingly never-ending series, one feeding into another. It all started with the financial crisis in the U.S. that quickly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can You Live Without Debt? Posted: 30 Nov 2011 10:50 AM PST Remember the fictional immigrant Balki from the TV show “Perfect Strangers”? He seemed to speak a universal truth when he said, "Am I in debt? I’m a true American." Well, not anymore. After being battered by the latest recession, Americans are gradually learning to live without debt, priming protection over growth.  According to a report released by the New York Federal Reserve, U.S. consumers continued to free themselves of debt in the third quarter, showing a 0.6% sequential decline. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Transocean Tanks On Offering Notice Posted: 30 Nov 2011 10:50 AM PST Offshore drilling giant Transocean Ltd. (RIG) priced a public offering of 26 million shares at $40.50 a piece, with a 30-day over-allotment option for an additional 3.9 million shares.    The Zug, Switzerland-based owner of the world’s largest offshore rig fleet plans to use the net proceeds from this offering – expected to be approximately $1.0 billion after the underwriting discount, estimated offering expenses and the Swiss Federal Issuance Stamp Tax – to buy back about $1.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The U.S. Session Posted: 30 Nov 2011 10:45 AM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/JPY was trading at 77.48, down 0.58% at time of writing. The pair was likely to find support at 77.18, Friday's low, and resistance at 78.28, Tuesday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AMR And US Airways Flying Together? Posted: 30 Nov 2011 10:35 AM PST Another airline consolidation is seemingly in the wind. Chances of American Airlines, a wholly owned subsidiary of AMR Corporation (NYSE:AMR) merging with US Airways Group Inc. (NYSE:LCC) seem high. Both companies are struggling to remain competitive amid steeply rising fuel prices and a weak travel demand environment. US Airways, the fifth largest U.S. airline, has long-standing problems with its pilot union. Troubles at American Airlines have also intensified due to high labor costs and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PLD Fully Leases Phoenix Property Posted: 30 Nov 2011 10:20 AM PST Prologis Inc. (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently fully leased 'Prologis Tolleson Distribution Center 1' – a 302,600 square foot warehouse property in Tolleson, Arizona, to an unnamed retailer for an undisclosed amount. The leased facility was earlier acquired in August 2011 for $9.95 million in an all-cash transaction. The lease-up of the distribution facility within a short span of time highlights the inherent quality of the asset portfolio of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni Buys Stake Offshore Australia Posted: 30 Nov 2011 10:05 AM PST Italian oil major Eni SpA (NYSE:E) has agreed to acquire a 40% stake in the Evans Shoal gas field in offshore Australia from the domestic firm Santos Ltd. As per the initial agreement, signed in late October, Eni will purchase stakes in the concession for a preliminary payment of $250 million and a contingent future cash payment of up to $100 million. However, Eni's payment for the acquisition is subject to the approval of the Final Investment Decision on the project for the development of Evans … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 4.98% Posted: 30 Nov 2011 10:05 AM PST Forexpros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 4.98%, London's FTSE 100 gained 3.16%, France's CAC 40 climbed 4.22% and the EURO STOXX 50 was up 4.31%. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month whose figure was revised up from 110K. Analysts had expected U.S. non-farm … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genomic Health To Showcase Key Data Posted: 30 Nov 2011 09:50 AM PST Genomic Health (NASDAQ:GHDX), an oncology based biotech company, will present results from 16 studies at the San Antonio Breast Cancer Symposium in December. The company has been recording robust revenue growth over the last few quarters banking on its flagship product, Oncotype DX breast cancer test. The test is used for early stage breast cancer patients to predict the likelihood of cancer recurrence, patient survival within 10 years of diagnosis and chemotherapy benefit. Although the Oncotype DX … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

People’s Bank Of China Drops RRR 50bps To 21% Posted: 30 Nov 2011 09:38 AM PST The People’s Bank of China announced a 50 basis point reduction in the required reserve ratios for deposit taking financial institutions, effective 5th December 2011.  The new required reserve ratios will average 21.00% for large banks, and 19.00% for small banks.  The move potentially marks a shift in policy focus to growth by the Chinese authorities, and follows the news last week that the required reserve ratio would be reduced for selected rural cooperative banks by 50 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk Premium Returning To Crude Oil Prices? Posted: 30 Nov 2011 09:37 AM PST Wednesday, November 30, 2011 With less than three weeks to expiration and good chart support near the 95.00 area basis the January Crude futures, some aggressive traders may perhaps wish to explore selling puts in January Crude options with strike prices below support at 95.00. For example, with the January futures trading at 99.53 as of this writing, the Jan 90.00 puts could be sold for about 0.52, or $520 per option, not including commissions. The premium received would be the maximum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Retail Issues Public Offering Posted: 30 Nov 2011 09:30 AM PST National Retail Properties Inc. (NNN) recently issued a public offering of 7 million shares at a price of $25.75 per share. As part of the offering, the company will provide a 30-day option to the underwriters for purchasing an additional 1.1 million shares. Consistent with its investment objectives and strategies, National Retail intends to utilize the proceeds generated from the offering to acquire additional assets and repay debts under its credit facility as well as for other general … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rebounds Courtesy Of Central Banks Posted: 30 Nov 2011 04:30 AM PST 11/30/11 Coordinated central bank actions to lower dollar swap rates have helped the euro rebound this session against the greenback while also boosting risk appetite amongst … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Job Cuts At AMSC Posted: 30 Nov 2011 09:21 AM PST Wind turbine technology company, American Superconductor Corporation (NASDAQ:AMSC) with a view to returning to profitability has reduced its workforce by more than 20% in order to lower the company's cash usage. The reductions have been made across all of American Superconductor's major geographic locations and functions. The company now has a global workforce of over 400 employees. In August 2011, American Superconductor announced that ever since March 31, 2011, it had cut 150 jobs or 30% of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News From China, Jobs Posted: 30 Nov 2011 09:01 AM PST Monetary policy easing by China’s central bank and the very strong ADP jobs report are expected to shift the market’s attention from developments in Europe. But as we have all come to appreciate from the market’s behavior lately, Europe related headlines remain the biggest draw for the market. In a major monetary policy change, the People’s Bank of China (PBOC) announced today a 50 basis-point cut in bank reserve requirements, the first since December 2008. The move reverses the Chinese central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Priority FDA Review For Eliquis Posted: 30 Nov 2011 09:01 AM PST Recently, Bristol-Myers Squibb Company (NYSE:BMY) and Pfizer Inc. (NYSE:PFE) announced that their anti-clotting drug Eliquis (apixaban) will be reviewed on a priority basis by the US Food and Drug Administration (FDA). A decision from the US regulatory body is expected in the first quarter of 2012 (target date: March 28, 2012). We note that the US regulatory authority generally reviews those drugs on a priority basis which offer major advances in treating diseases that do not have adequate therapy. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lexington Gets New Save-A-Lot Store Posted: 30 Nov 2011 09:01 AM PST Today, Save-A-Lot Food Stores, the hard-discount grocery retail subsidiary of SUPERVALU Inc. (NYSE:SVU), will be inaugurating its 33,000 square-foot food store in Lexington, North Carolina. The Earth City-based grocery chain, Save-A-Lot, began construction of the center in January 2011. The project, worth $24 million, is the joint venture among state of North Carolina and its One North Carolina Fund, the North Carolina Department of Commerce, Davidson County and the City of Lexington. In March … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genworth Mulls Restructuring Posted: 30 Nov 2011 09:01 AM PST Genworth Life and Annuity Insurance Company, a wholly-owned indirect subsidiary of Genworth Financial, Inc. (NYSE:GNW) announced that it is considering restructuring the life insurance policies currently reinsured to River Lake Insurance Company III ("RLIII"). RLIII is a special purpose financial captive subsidiary of Genworth Life and Annuity Insurance Company.  Pursuant to the restructuring, Genworth requires consent from the Virginia Bureau of Insurance to recall the policies reinsured … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Einstein Noah Buys Kettleman Bagel Posted: 30 Nov 2011 09:01 AM PST Einstein Noah Restaurant Group Inc. (BAGL), the owner, operator, franchisor, and licensor of bagel specialty restaurants in the United States, has announced the purchase of local bagel chain Kettleman Bagel Company, founded in Portland Oregon in 2006. This initiative was taken in order to boost its position in the Pacific Northwest market. The financial terms of the deal were not disclosed. Kettleman presently has five stores in Portland. Going forward, Lakewood, Colorado-based company Einstein … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Leap Wireless In Neutral Zone Posted: 30 Nov 2011 09:01 AM PST Leap Wireless International Inc. (NASDAQ:LEAP) posted weak financial results for the third quarter of 2011, which fell below the Zacks Consensus Estimates. However, contrary to the consensus opinion, the company reported net subscriber addition. For the last one year, Leap wireless is restructuring its business model through which the company is emphasizing on the high ARPU generating smartphone customers, while shedding less profitable wireless broadband subscribers as these users generally place … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Onyx’ Cancer Drug On Right Track Posted: 30 Nov 2011 09:01 AM PST Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) recently announced the US Food and Drug Administration's (FDA) acceptance of its new drug application (NDA) for carfilzomib, for review. The company is seeking to get carfilzomib approved as a treatment for patients with relapsed and refractory multiple myeloma. We note that Onyx Pharma had initiated the submission of the rolling NDA earlier this year in January and completed the same at the end of September. The company's NDA submission is based on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Oriental In Neutral Lane Posted: 30 Nov 2011 09:01 AM PST We reiterate our Neutral recommendation on American Oriental Bioengineering, Inc. (NYSE:AOB) with a target price of $0.75. The company recently reported its financial results for the third quarter of 2011 in November. Adjusted earnings per share during the quarter came in at 7 cents per share, 2 cents above the Zacks Consensus Estimate. Earnings were hurt by lower revenues, which declined 41.1% to approximately $54.0 million. Weakness in the manufacturing segment (down 43.9%) was responsible for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Xerox Buys Breakaway Group Posted: 30 Nov 2011 09:01 AM PST Xerox Corp. (NYSE:XRX) recently announced that one of its fully owned subsidiaries, Affiliated Computer Services (ACS), has acquired The Breakaway Group with the sole intent of expanding its electronic medical records business.  The terms of the deal along with its financial terms remain undisclosed. Denver-based The Breakaway Group is a cloud-computing company which offers a technology called PromisePoint. Alongside the popular training program it provides, it helps healthcare professionals … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mylan Approved For Zinecard Generic Posted: 30 Nov 2011 09:01 AM PST Mylan, Inc.'s (NYSE:MYL) generic business was boosted further with the approval from the U.S. Food and Drug Administration (FDA) for its generic version of Pharmacia & Upjohn’s Zinecard injection. Zinecard injection, which is a chemoprotective agent, recorded revenue of approximately $3.4 million for the trailing twelve months ending in September 2011. As of November 28, 2011, the company had 161 abbreviated new drug applications (ANDAs) that were pending clearance by the FDA, targeting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDonald’s Stable At Neutral Posted: 30 Nov 2011 09:01 AM PST We remain Neutral on McDonald’s Corp. (NYSE:MCD) with solid comparable sales (comps) momentum, expansion and accelerated remodeling on the one side, and commodity inflation, increased selling, general and administrative expenses as well as the expected currency headwinds for 2012 on the other. The Oak Brook, Illinois-based company continues to deliver solid comps on the heels of product innovation, along with value menu offerings, McCafe premium beverages and a variety of core items. In the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Humana To Buy SeniorBridge Posted: 30 Nov 2011 09:01 AM PST Yesterday, Humana Inc. (NYSE:HUM) announced an agreement to acquire chronic-care provider SeniorBridge for an undisclosed amount. However, the purchase is subject to state and federal regulatory approvals. SeniorBridge is an 11-year old New York-based healthcare provider, which offers in-home care to seniors with chronic diseases such as Alzheimer's disease, Parkinson's disease and congestive heart failure. It has a network of 1,500 care managers in the U.S. SeniorBridge's projected revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alere Takes Over Arriva Posted: 30 Nov 2011 09:01 AM PST Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, recently revealed that it has taken over Arriva Medical, a prominent vendor of diabetes testing supplies for patients residing at home. Florida-based Arriva had sales of about $21.5 million for the half year ending October 31, 2011. The company delivers diabetes supplies right to the patient's home. It completes claim forms and bills Medicare as well as the supplemental insurance company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Rallies On Fed Action Posted: 30 Nov 2011 08:30 AM PST 11/30/11 US stocks rallied with the Dow gaining over 400 points. The Fed announced coordinated action with global central banks to boost liquidity. Financials soared, despite the S&P downgrade of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Above $101 Posted: 30 Nov 2011 03:00 AM PST 11/30/11 In yet another rally, led this time by central bank actions, front month crude prices have traded and remai above $101 a barrel this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Remains Above USD101-a-barrel After U.S. Supply Data Posted: 30 Nov 2011 07:49 AM PST Forexpros – Crude oil futures held on to sharp gains on Wednesday, shrugging off a report showing that U.S. crude supplies rose more-than-expected last week, as market sentiment strengthened a coordinated move by six major central banks to boost the capacity to inject liquidity into the global financial system. On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD101.44 a barrel during U.S. morning trade, rallying 1.65%. It earlier rose by as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Tumbles Vs. Rivals After Coordinated Liquidity Move Posted: 30 Nov 2011 07:47 AM PST Forexpros – The U.S. dollar was sharply lower against its major counterparts on Wednesday, as riskier assets rallied after major world central banks announced coordinated measures to prevent a lack of liquidity in the global financial system and after a raft of stronger-than-expected U.S. data. During U.S. morning trade, the dollar was sharply lower against the euro, with EUR/USD rallying 1.16% to hit 1.3468. In a joint statement, the Federal Reserve, the Bank of Canada, the Bank of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Drop On Mild Weather, Supply Data In Focus Posted: 30 Nov 2011 07:33 AM PST Forexpros – Natural gas futures fell sharply on Wednesday, giving back the previous day's gains as mild weather forecasts weighed while investors awaited release of key data on U.S. natural gas inventories on Thursday. On the New York Mercantile Exchange, natural gas futures for January delivery traded at USD3.561 per million British thermal units during U.S. morning trade, tumbling 2%. It earlier fell by as much as 2.5% to trade at a daily low of USD3.541 per million British thermal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Sharply Higher After Central Bank Action Posted: 30 Nov 2011 07:19 AM PST Forexpros – The pound was sharply higher against the U.S. dollar on Wednesday, as demand for riskier assets was boosted after major central banks announced coordinated measures to provide liquidity to the global financial system. GBP/USD hit 1.5777 during U.S. morning trade, the pair's highest since November 21; the pair subsequently consolidated at 1.5768, jumping 1.10%. Cable was likely to find support at 1.5525, the days low and resistance at 1.5797, the high of November 21. The Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Rally After Central Banks’ Move; Dow Soars 3.3% Posted: 30 Nov 2011 07:10 AM PST Forexpros – U.S. stock markets were sharply higher after the open on Wednesday, as investors cheered a coordinated move by six major central banks to boost the capacity to inject liquidity into the global financial system. During early U.S. trade, the Dow Jones Industrial Average soared 3.3%, the S&P 500 index rallied 3.25%, while the Nasdaq Composite index jumped 3%. In a joint statement, the Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Rallies On Global Central Bank Liquidity Action Posted: 30 Nov 2011 07:09 AM PST Forexpros – The euro rallied against the U.S. dollar on Wednesday, jumping over 1% after major central banks announced a coordinated action to support the global financial system which has come under strain as a result of the debt crisis in the euro zone. EUR/USD hit 1.3532 during U.S. morning trade, the pair's highest since November 22; the pair subsequently consolidated at 1.3468, surging 1.16%. The pair was likely to find support at 1.3258, the days low and resistance at 1.3568, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S Pending Home Sales Surge In October Posted: 30 Nov 2011 07:07 AM PST Forexpros – Pending home sales in the U.S. climbed significantly more-than-expected in October, rising for the first time in four months, industry data showed on Wednesday. In a report, the National Association of Realtors said its pending home sales index soared by 10.4% in October, blowing past expectations for a 1.2% increase. Pending home sales dropped by an unrevised 4.6% in September. Commenting on the report NAR chief economist Lawrence Yun said improved contract activity is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Surge On Coordinated Central Bank Intervention Posted: 30 Nov 2011 06:55 AM PST Fundamental Headlines • ADP Says U.S. Companies Added 206,000 Workers – Bloomberg • German Jobless Slip as Companies Defy Crisis – Bloomberg • China Cuts Bank Reserves in Policy Shift to Lift Economy – Reuters • Central Banks Take Coordinated Action – WSJ • Euro-zone Falls Short on Fund – WSJ European Session Summary Markets have been screaming for help. For months, it appeared that policymakers were tone deaf, and were just now coming around to the realization that their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chicago PMI Rises To 7-month High In November Posted: 30 Nov 2011 06:52 AM PST Forexpros – Manufacturing activity in the Chicago area rose more-than-expected in November, climbing to the highest level since April, industry data showed on Wednesday. In a report, market research group Kingsbury International said its Chicago purchasing managers' index rose by 4.2 points to a seasonally adjusted 62.6 in November from a reading of 58.4 in October. Analysts had expected the index to ease up by 0.2 points to 58.6 in November. On the index, a reading above 50.0 indicates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Tumbles More Than 1.5% In Risk Rally Posted: 30 Nov 2011 06:34 AM PST Forexpros – The U.S. dollar tumbled more than 1.5% against its Canadian counterpart on Wednesday amid a rally in riskier assets after six major central banks announced coordinated measures to provide liquidity to the global financial system. USD/CAD hit 1.0124 during early U.S. trade, the pair's lowest since November 14; the pair subsequently consolidated at 1.0157, falling 1.57%. The pair was likely to find support at 1.0078, the low of November 14 and resistance at 1.0293, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Rallies To 2-week High On Central Banks’ Liquidity Boost Posted: 30 Nov 2011 06:25 AM PST Forexpros – Gold futures rallied to a two-week high on Wednesday, as the U.S. dollar weakened sharply after six major central banks announced a coordinated move to boost the capacity to inject liquidity into the global financial system. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,749.75 a troy ounce during early U.S. morning trade, soaring 1.79%. It earlier rose by as much as 1.9% to trade at USD1,751.15 a troy ounce, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Banks To The Rescue Posted: 30 Nov 2011 01:15 AM PST 11/30/11 NYFP’s Morning Market Report: With central banks taking joint action to ease the debt crisis, European and US equities were rallying to start the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Jumps To 2-week High After Central Bank Action Posted: 30 Nov 2011 06:13 AM PST Forexpros – The euro jumped to a two-week high against the yen on Wednesday, as risk assets rallied after six major world central banks announced coordinated measures prevent a lack of liquidity in the global financial system. EUR/JPY hit 104.73 during European afternoon trade, the pair's highest since November 15; the pair subsequently consolidated at 104.52, surging 0.76%. The pair was likely to find support at 103.06, Monday's low and resistance at 105.55, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conygar Upbeat On Performance As Real Estate Market Shows Signs Of Improvement Posted: 30 Nov 2011 04:35 AM PST Real estate investment group Conygar Investment Company (LON:CIC) said this morning that its active asset management strategy had begun to bear fruit last year despite macro economic volatility continuing to stymie the pipeline of suitable acquisition targets. Conygar's chief executive Robert Ware has previously made plain his expectation that a likely deleveraging by European banks would spark an increase the flow of property portfolios onto the market. Speaking to Stockopedia on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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