DailyMarkets.com - Boeing Raises Dividend |
- Boeing Raises Dividend
- NextEra Unit Raises Funds
- Earnings Preview: VeriFone
- Micromet’s Blinatumomub Data At ASH
- Earnings Preview: Accenture
- Shire Reports Positive Data
- Edwards ’12 Looks Good With Sapien
- LRY Buys Premium DC Office Property
- Sallie Mae Trading On NASDAQ
- Crude Oil Rockets Higher On Iranian Fears
- Oil Rigs Gain, Gas Drilling Slips
- Best Buy Disappoints Again
- Hot Option Plays: Defense, Defense
- MAA Acquires Twin Assets
- Hot Option Plays: Weak Hands Rule The Market
- Forex – EUR/USD Hits 11 Month Lows On Merkel Opposition
- Benihana Dishes Out Healthy Comps
- New Spine Product From Exactech
- Job Openings Fall In Oct., Up 12.5% YoY
- Why The Smart Guys Are Buying Uranium Miners
- Invesco Reports Dip In Nov. AUM
- European Shares Mixed On Merkel Opposition; DAX Off 0.19%
- Chunghwa In Neutral Zone
- Retail Weaker Than Anticipated
- Revisiting Semiconductor Industry And Stocks
- Forex Trading: EURUSD Breaks Lower. Looks Toward The 1.3053 Level
- Forex Trading: GBPUSD Corrects Toward The 38.2% At 1.5544
- Forex Trading: EURUSD Corrects Higher Off The Support.
- Manulife Financial Faces Rating Action
- Sara Lee Sips Dutch CoffeeCompany
- MEMC Plans Major Restructuring
- VLO, Mascoma In Ethanol Plant Pact
- Record Billion For “Call Of Duty”
- American Tower To Buy New Towers
- Northwest Biotherapeutics (NWBO): Initiating With An Outperform Rating
- Magna’s New Tool To Fight Accidents
- New Credit Facility For HME
- U.S. Steel Settles Dispute
- Urban’s Cash Register Ringing
- FDA Likes Watson-Antares’ OAB Drug
- Raytheon Gets Missile Contract
- Hartford-Accenture Sign Deal
- Bank Of Mauritius Cuts Rate 10bps To 5.40%
- The European Shell Game
- Wall Street Higher On Cautious Optimism
- Government Licensing Gone Wild: Institute For Justice Fights For Tour Guides In New Orleans
- Euro Rebounds From Two-month Lows
- Forex – Dollar Broadly Higher On Risk Aversion Ahead Of Fed
- Housing Affordability Is Now At A Record High. Does That Counteract Any Of The Stagnation Narrative?
- Natural Gas Close To 2-year Low On Weather, Supply Outlook
- Forex – GBP/USD Lower As Markets Turn To Fed Rate Decision
- Forex – EUR/USD Close To Two-month Low Ahead Of Fed
- Gold Futures Rebound From 7-week Low Ahead Of Fed
- Risk Appetite Rebound Lifts Oil Above $98
- U.S. IBD/TIPP Economic Optimism Rises More-than-expected
- U.S. Stocks Higher Ahead Of Fed Statement; Dow Jones Up 0.94%
- Crude Oil Rallies Above USD100 With OPEC Meeting In Focus
- Chart Of The Day: Govt Spending Vs. Unemployment
- Forex – USD/CAD Dips After Disappointing U.S. Retail Sales Data
- Aussie Leads Majors Ahead Of FOMC; U.S. Retail Sales Disappoint
- Big Bounce For Markets On Data
- Forex – EUR/JPY Lower As Downgrade Threats Weigh
- Daily Commodities Update: Platinum
- Weekly Commodities Update: Gold
| Posted: 13 Dec 2011 12:20 PM PST The Boeing Company (NYSE:BA) raised its quarterly dividend by 5% to $0.44 per share from $0.42 per share. The dividend is payable on March 2, 2012, to shareholders of record as of February 10, 2012. The hike raised Boeing's annualized dividend per share to $1.76 versus the pre-existing $1.68.
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| Posted: 13 Dec 2011 12:05 PM PST NextEra Energy Inc. (NEE) announced that its subsidiary Florida Power & Light Company ("FPL") will sell $600 million of first mortgage bonds yielding 4.125% interest per year and maturing on February 1, 2042. The offer price of the bonds is $99.753 (per $100.00 principal) and is supposed to yield 4.139% at the end of the maturity period.
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| Posted: 13 Dec 2011 11:55 AM PST VeriFone Systems Inc. (NYSE:PAY) is expected to report fourth quarter results on December 14, 2011.
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| Micromet’s Blinatumomub Data At ASH Posted: 13 Dec 2011 11:50 AM PST Micromet Inc. (NASDAQ:MITI) recently presented encouraging data from a mid-stage study of its lead pipeline candidate blinatumomab in adults suffering from relapsed or refractory B-precursor acute lymphoblastic leukemia (ALL) at the American Society of Hematology (ASH) meeting.
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| Posted: 13 Dec 2011 11:40 AM PST Accenture plc (NYSE:ACN) is scheduled to announce its first quarter 2012 results on December 15 after market close. There have been some changes in analysts' estimates following the release of its fourth quarter 2011 results.
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| Posted: 13 Dec 2011 11:35 AM PST Shire (NASDAQ:SHPGY) recently announced encouraging data from a phase II trial evaluating Vyvanse (lisdexamfetamine dimesylate) as an add-on treatment in adults with remission (both partial and complete) of recurrent major depressive disorder ("MDD") and significant and persistent cognitive impairments.
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| Edwards ’12 Looks Good With Sapien Posted: 13 Dec 2011 11:35 AM PST Banking on the launch of the Sapien transcatheter heart ("THV") valve in US in November and other product developments, Edwards Lifesciences (NYSE:EW) expects to record robust growth going ahead. The company discussed its current strategies and issued guidance for 2012 at the recently held Investor Conference.
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| LRY Buys Premium DC Office Property Posted: 13 Dec 2011 11:20 AM PST Liberty Property Trust (NYSE:LRY), a real estate investment trust (REIT), has recently acquired '1100 17th Street NW' – a premium office property spanning 146,472 square feet of space, in Washington DC from Glenborough, LLC – a privately held full service real estate investment and management company. The purchase price of approximately $50.0 million equated to about $340 per square foot.
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| Posted: 13 Dec 2011 11:05 AM PST Yesterday, SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, began trading on the NASDAQ stock market under the ticker symbol SLM. The company also launched a new corporate logo. Last month, the company had announced its decision to leave the New York Stock Exchange.
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| Crude Oil Rockets Higher On Iranian Fears Posted: 13 Dec 2011 11:03 AM PST Forexpros – Crude oil futures rocketed higher on Tuesday on Iranian supply disruption worries and concern that the Federal Reserve will announce additional stimulus later in the session. On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD100.23 a barrel during late U.S. trade, advancing 2.42%. It earlier hit a daily high of USD101.20 a barrel. Strength in the U.S. dollar did little to hold back soaring crude prices. The dollar index, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Oil Rigs Gain, Gas Drilling Slips Posted: 13 Dec 2011 10:50 AM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of natural gas-directed rigs, partially offset by improved oil rig count.
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| Posted: 13 Dec 2011 10:35 AM PST Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, recently posted disappointing third-quarter 2012 results. The quarterly earnings of 47 cents a share missed the Zacks Consensus Estimate of 51 cents and declined 13% from 54 cents earned in the prior-year quarter.
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| Hot Option Plays: Defense, Defense Posted: 13 Dec 2011 10:35 AM PST Cusick’s Corner
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| Posted: 13 Dec 2011 10:35 AM PST MAA (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently completed the simultaneous acquisition of ‘Palisades at Chenal Valley’ – a 248-unit upscale apartment community in Little Rock, Arkansas, and 'The River’s Walk at Celebrate Virginia' – a 232-unit apartment community in Fredericksburg, Virginia, for an aggregate cost of $67.5 million. The transactions were funded with the proceeds from its at-the-market stock issuance program and availability under its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Hot Option Plays: Weak Hands Rule The Market Posted: 13 Dec 2011 10:35 AM PST Cusick’s Corner
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| Forex – EUR/USD Hits 11 Month Lows On Merkel Opposition Posted: 13 Dec 2011 10:35 AM PST Forexpros – The euro dropped against the U.S. dollar on Tuesday, hitting 11 month lows. Word that German Chancellor Merkel opposes an increase in the latest European bail out fund and U.S. Fed Fund rate anticipation weighed on the euro. EUR/USD hit a low of 1.3057 during mid session U.S. trade. The pair is down from a high of 1.3238 posted earlier, dropping 0.83%. The pair was likely to find support at 1.3056 and technical resistance exists at 1.3097. The euro fell sharply after Reuters … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Benihana Dishes Out Healthy Comps Posted: 13 Dec 2011 10:20 AM PST Benihana Inc. (NASDAQ:BNHN) posted restaurant sales of $23.7 million during the four-week period ending December 4, 2011, reflecting a growth of 4.6% year over year. The upside in sales was primarily driven by continued comparable restaurant sales momentum across all three restaurant concepts.
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| New Spine Product From Exactech Posted: 13 Dec 2011 10:05 AM PST Exactech (NASDAQ:EXAC), which makes orthopedic implant devices, recently expanded its spine business with the full commercial launch of the Gibralt spinal system for posterior cervical fusion (a surgery performed to stabilize cervical spine). The launch of this new system represents an important milestone for the Gainesville-based company's spine franchise.
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| Job Openings Fall In Oct., Up 12.5% YoY Posted: 13 Dec 2011 10:00 AM PST We got some more detail on the jobs situation today in the form of the Job Openings and Labor Turnover survey, or JOLTS report. Unfortunately the data is for October, not November. The picture it paints is one of year-over-year strength, but month-to-month weakness. There were 3.267 million job openings in total at the end of October, down 3.3% from September, but up 12.5% from October 2010. Looking at only the private sector, openings were down 3.2% for the month, but up a very strong 13.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Why The Smart Guys Are Buying Uranium Miners Posted: 13 Dec 2011 09:59 AM PST It has long been a guiding principle of Gold Stock Trades that requires constant reiteration. "To know how to wait is the great secret of success." At one time in the history of the United States there were great Americans who had little education, but they were endowed with a native intelligence. Will Rogers was one of them. One side of his family was pure Cherokee, the other side was plain hard scrabble Cowboy. When asked from where he got his material, he would look you in the eye and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Invesco Reports Dip In Nov. AUM Posted: 13 Dec 2011 09:50 AM PST Invesco Ltd. (NYSE:IVZ) has reported a decline in its preliminary month-end assets under management (AUM) for the month of November 2011. The company's AUM for the reported month fell 2.1% to $622.4 billion from $635.7 billion at the end of October 2011.
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| European Shares Mixed On Merkel Opposition; DAX Off 0.19% Posted: 13 Dec 2011 09:49 AM PST Forexpros – European shares closed mixed on Tuesday after German Chancellor, Angela Merkel opposed an increase in the 500 billion euro European Stability Mechanism, the euro zone bail out fund to be instituted next year. After the close of European trade, the EURO STOXX 50 was lower by 0.37% France’s CAC 40 dropped 0.35%, while Germany’s DAX 30 was off by 0.19%. Meanwhile, in the U.K. the FTSE 100 advanced 1.15%. Bargain hunters and positive economic reports pushed euro zone shares higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Dec 2011 09:36 AM PST We reaffirm our Neutral recommendation on Chunghwa Telecom Co. Ltd. (NYSE:CHT) following its strong performance in the third quarter of 2011. The company is the largest integrated telecommunications service provider of Taiwan. The company offers a full suite of telecom services through fixed-line, mobile, and data networks throughout Taiwan and in offshore islands. Although fixed-line offerings became relatively saturated, we believe Chunghwa's mobile and Internet/Data operations will drive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Retail Weaker Than Anticipated Posted: 13 Dec 2011 09:36 AM PST Total Retail Sales rose 0.2% in November on top of a 0.6% rise in October. Relative to a year ago they are up 6.7%. While the number is not adjusted for inflation (it is for seasonality and holidays) it is still a solid year-over-year showing. For the month, however, it was well below expectations of a rise of 0.6%. The disappointment is only partially offset by October being revised up from 0.5%. Retail sales are a very broad measure of consumer spending, not just what is going on at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Revisiting Semiconductor Industry And Stocks Posted: 13 Dec 2011 09:34 AM PST There's one industry group that stands taller than the rest in the amount of frustration and tears it's brought to investors' eyes over the last ten years. Many thought the industry would recover after the excesses of the Tech Bubble … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Breaks Lower. Looks Toward The 1.3053 Level Posted: 13 Dec 2011 09:34 AM PST The EURUSD has broken lower on the back of German Chancellor Merkel comments that she rejects raising the upper limits of funding for ESM bailout mechanism. The pair extended the narrow trading range and looks now toward bottom trendline support on the daily chart at the 1.3053 level. This level has been tested on 4 separate occassions with one failed break (toward the end of November). Look for some profit taking against the level at least on the 1st … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: GBPUSD Corrects Toward The 38.2% At 1.5544 Posted: 13 Dec 2011 09:34 AM PST The GBPUSD broke below the double bottom at 1.5564 araa, and fell sharply lower to the lowest level since November 28th. The move lower broke below bottom trendline support on the hourly chart at the 1.5521 level (see hourly chart below), but has since moved back higher. This is a failed break and could be signalling the end of the move lower today (at least temporarily).
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| Forex Trading: EURUSD Corrects Higher Off The Support. Posted: 13 Dec 2011 09:33 AM PST Traders who are long from below should look to exit some positions against the level. If the bears are fully in charge today, they should be willing to sell near these levels and keep the pressure on. A move above the 1.3115, muddies the water and should take some power away … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Manulife Financial Faces Rating Action Posted: 13 Dec 2011 09:16 AM PST A.M. Best Co. reiterated the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of 'aa-' of the life insurance subsidiaries of Manulife Financial Corporation (NYSE:MFC).The outlook was upgraded to stable from negative.
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| Sara Lee Sips Dutch CoffeeCompany Posted: 13 Dec 2011 09:01 AM PST Poised to get stronger in the global platform of coffee business, Sara Lee Corporation (NYSE:SLE) moved a step closer to its goal as it agreed to acquire the leading Dutch café store operator, CoffeeCompany. The deal is expected to close within the next 30 days.
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| MEMC Plans Major Restructuring Posted: 13 Dec 2011 09:01 AM PST Semiconductor and solar power chip maker MEMC Electronic Materials Inc. (NYSE:WFR) announced a major restructuring effort last week, aimed at reducing its global workforce and scaling back production capacity. The restructuring would also help in reducing costs and improving cash flows, according to MEMC.
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| VLO, Mascoma In Ethanol Plant Pact Posted: 13 Dec 2011 09:01 AM PST Texas-based Valero Energy Corporation (NYSE:VLO) has inked a definitive agreement with Lebanon, New Hampshire-based renewable fuels company Mascoma Corp. to develop a commercial scale cellulosic ethanol facility in Kinross, Michigan at a cost of nearly $232 million.
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| Record Billion For “Call Of Duty” Posted: 13 Dec 2011 09:01 AM PST Activision Blizzard Inc.'s (ATVI) most prolific franchise "Call of Duty" continued its impressive run after its latest instalment "Modern Warfare 3" garnered sales of $1.0 billion in just 16 days, beating the earlier record of 17 days set by the feature film "Avatar" in 2009.
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| American Tower To Buy New Towers Posted: 13 Dec 2011 09:01 AM PST American Tower Corp.(NYSE:AMT) recently announced its plan to purchase 2,500 towers from Pegaso PCS, the Mexican arm of Telefónica for $500 million. The deal is expected to be completed by the end of fiscal 2011, subject to regulatory approvals.
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| Northwest Biotherapeutics (NWBO): Initiating With An Outperform Rating Posted: 13 Dec 2011 09:01 AM PST Northwest Biotherapeutics (NWBO): Initiating with an Outperform Rating Northwest Biotherapeutics, Inc. (NWBO) is a clinical stage biotechnology company focused on discovery, development and commercialization of immunotherapy products to safely generate and enhance immune system responses to effectively treat cancers. The Company holds two technology platforms applicable to cancer therapeutics: dendritic cell (DC)-based cancer vaccines (DCVaxTM), and monoclonal antibodies for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Magna’s New Tool To Fight Accidents Posted: 13 Dec 2011 09:01 AM PST Magna International Inc. (NYSE:MGA) recently announced that its operational unit Magna Electronics and Mobileye, its image processing partner, has jointly launched an efficient and unique driver assistance system that employs a single, forward-looking video camera to provide safety and convenience features including forward collision and lane departure warnings.
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| Posted: 13 Dec 2011 09:01 AM PST Home Properties Inc. (HME) recently signed an unsecured revolving line of credit agreement for $275 million and obtained a new five-year unsecured term loan worth $250 million. The new $275 million credit agreement replaces the company's prior facility worth $175 million. The new facility bears a time period of four years and also comes with an option of extending it for an additional year.
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| Posted: 13 Dec 2011 09:01 AM PST Finally, U.S. Steel Corp. (NYSE:X) and the Canadian government reached a settlement to end a court dispute over the company's 2007 takeover of steelmaker Stelco Inc.
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| Posted: 13 Dec 2011 09:01 AM PST According to Reuters, the holiday season has started off well for Urban Outfitters Inc. (NASDAQ:URBN), the retailer of apparel, footwear and accessories.
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| FDA Likes Watson-Antares’ OAB Drug Posted: 13 Dec 2011 09:01 AM PST Watson Pharmaceuticals Inc. (NYSE:WPI) along with partner Antares Pharma Inc. (AIS) announced the US approval of topical oxybutynin gel 3%. The US Food and Drug Administration (FDA) approved the drug for treating patients suffering from overactive bladder (OAB). By virtue of an exclusive licensing agreement, Watson Pharma plans to launch the drug in 2012.
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| Raytheon Gets Missile Contract Posted: 13 Dec 2011 09:01 AM PST Raytheon Company (NYSE:RTN) was awarded a $241 million contract modification by the Missile Defense Agency ("MDA') for engineering design and development work on the Standard Missile-3 ("SM-3") Block IIA.
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| Posted: 13 Dec 2011 09:01 AM PST On Friday, Hartford Financial Services Group Inc. (NYSE:HIG) signed a multi-year consultancy and outsourcing agreement with Accenture Plc. (NYSE:ACN). The financial terms of the deal were not disclosed.
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| Bank Of Mauritius Cuts Rate 10bps To 5.40% Posted: 13 Dec 2011 09:00 AM PST The Bank of Mauritius trimmed its benchmark interest rate by 10 basis points to 5.40% from 5.50%. The bank said: “The MPC observed a decline in externally-generated inflationary pressures…. The MPC is of the view that the Key Repo Rate is broadly appropriate in view of the expected impact of the 2012 budget measures. However, to signal its concern about the low level of business and consumer confidence, it has decided to cut the Key Repo Rate by 10 basis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Dec 2011 08:43 AM PST I recently received the following message from a regular reader. Given the fact that every other piece of financial news seems to address developments in Europe, I would like to share his message and my response. Hi Larry -
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| Wall Street Higher On Cautious Optimism Posted: 13 Dec 2011 08:05 AM PST 12/13/11 US stocks opened with a strong advance. Germany’s ZEW survey and Spain’s debt auction surpassed expectations, while US retail sales gained just … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Government Licensing Gone Wild: Institute For Justice Fights For Tour Guides In New Orleans Posted: 13 Dec 2011 08:04 AM PST “In New Orleans, it is a crime to charge people for a talking tour without first getting permission from the government. City officials require every tour guide to pass a history exam, undergo a drug test and an FBI criminal background check every two years merely for speaking. People who give tours without a license face fines up to $300 per occurrence and five months in jail. The First Amendment does not allow the government to be in the business of deciding who is—and who is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Rebounds From Two-month Lows Posted: 13 Dec 2011 03:00 AM PST 12/13/11 The euro rebounded from overnight lows this morning following a series of strong European economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Broadly Higher On Risk Aversion Ahead Of Fed Posted: 13 Dec 2011 07:55 AM PST Forexpros – The U.S. dollar was broadly higher against its major counterparts on Tuesday, as weak U.S. retail sales data and ongoing concerns over sovereign ratings cuts in the euro zone weighed ahead of the Federal Reserve's policy announcement. During U.S. morning trade, the dollar was higher against the euro, with EUR/USD shedding 0.54% to hit 1.3116. The single currency remained under heavy selling pressure amid concerns over the threat of sovereign rating downgrades across the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Housing Affordability Is Now At A Record High. Does That Counteract Any Of The Stagnation Narrative? Posted: 13 Dec 2011 07:49 AM PST The chart above shows the National Association of Realtors’ monthly housing affordability index back to January of 1981 (data here). The historical trend over the last 30 years is pretty striking for several reasons: 1. In the 1981-1982 period when the 30-year mortgage rate was peaking at record highs of 16-18%, the housing affordability index was about 65, meaning that the typical American family was only earning 65% of the income necessary to qualify for a 30-year mortgage to purchase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Close To 2-year Low On Weather, Supply Outlook Posted: 13 Dec 2011 07:49 AM PST Forexpros – Natural gas futures fluctuated between small gains and losses on Tuesday, trading close to the lowest level in more than two-years as concerns over warm winter temperatures and growing U.S. inventory levels continued to dampen sentiment on the heating fuel. On the New York Mercantile Exchange, natural gas futures for January delivery traded at USD3.248 per million British thermal units during U.S. morning trade, shedding 0.14%. It earlier fell by as much as 0.45% to trade at a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Lower As Markets Turn To Fed Rate Decision Posted: 13 Dec 2011 07:44 AM PST Forexpros – The pound was lower against the U.S. dollar on Tuesday, as markets were jittery ahead of the Federal Reserve's rate decision later in the day. GBP/USD hit 1.5546 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.5548, shedding 0.23%. Cable was likely to find short term support at 1.5536, Monday's low and resistance at 1.5663, the high of December 6. Markets were jittery as concerns over the risk of sovereign rating downgrades across the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Close To Two-month Low Ahead Of Fed Posted: 13 Dec 2011 07:25 AM PST Forexpros – The euro was steady against the U.S. dollar on Tuesday, hovering close to a two-month low as investors eyed the outcome of the Federal Reserve's policy meeting later in the day. EUR/USD hit 1.3161 during U.S. morning trade, the pair's lowest since October 4; the pair subsequently consolidated at 1.3177, dipping 0.04%. The pair was likely to find short-term support at 1.3144, the low of October 4 and a 10-month low and resistance at 1.3351, the high of November 25. The euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Rebound From 7-week Low Ahead Of Fed Posted: 13 Dec 2011 07:16 AM PST Forexpros – Gold futures traded higher on Tuesday, rebounding from a seven-week low as investors awaited the outcome of the Federal Reserve's Open Market Committee meeting later in the day, while some bargain buying also lent support. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,675.25 a troy ounce during U.S. morning trade, climbing 0.42%. It earlier fell by as much as 0.67% to trade at a daily high of USD1,681.55 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Risk Appetite Rebound Lifts Oil Above $98 Posted: 13 Dec 2011 02:15 AM PST 12/13/11 Risk appetite continued to push crude prices higher following yesterdays lows as the dollar dropped to keep investors favoring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. IBD/TIPP Economic Optimism Rises More-than-expected Posted: 13 Dec 2011 07:04 AM PST Forexpros – Consumer confidence in the U.S. rose more-than-expected in December, improving for the fourth consecutive month, industry data showed on Tuesday. In a report, Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index rose by 2.2 points to 42.8 in December from November's reading of 40.6. Economists had expected the index to rise by 1.9 points to 42.5 in December. A reading above 50.0 indicates optimism, while those below 50.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Higher Ahead Of Fed Statement; Dow Jones Up 0.94% Posted: 13 Dec 2011 06:58 AM PST Forexpros – U.S. stocks were higher on Tuesday, boosted by gains in financial stocks as markets shrugged off disappointing U.S. retail sales data ahead of the Federal Reserve's rate decision later in the day. During early U.S. trade, the Dow Jones Industrial Average rose 0.94%, the S&P 500 index climbed 0.96%, while the Nasdaq Composite index added 0.89%. The U.S. Commerce Department said retail sales increased 0.2% after rising by an upwardly revised 0.6% in October, disappointing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Rallies Above USD100 With OPEC Meeting In Focus Posted: 13 Dec 2011 06:49 AM PST Forexpros – Crude oil futures rallied on Tuesday, recouping a portion of the previous day's sharp drop as investors awaited the Federal Reserve's rate decision later in the day and ahead of Wednesday's OPEC meeting in Vienna. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD100.39 a barrel during early U.S. morning trade, rallying 2.67%. It earlier rose by as much as 2.8% to trade at USD100.86 a barrel, the highest since December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Chart Of The Day: Govt Spending Vs. Unemployment Posted: 13 Dec 2011 06:41 AM PST The chart above is from Scott Grannis, who explains: “This chart (inspired by Brian Wesbury) again bears repeating, since it lends support to claims by the anti-Keynesians (of which I am one) that the biggest factor that has worked to slow economic growth in recent years is the huge increase in federal spending. Instead of “stimulating” the economy, enormous increases—in both nominal and relative terms—in federal spending have ended up “stimulating” the unemployment rate more than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Dips After Disappointing U.S. Retail Sales Data Posted: 13 Dec 2011 06:34 AM PST Forexpros – The U.S. dollar dipped against its Canadian counterpart on Tuesday, after disappointing U.S. retail sales data and amid ongoing concerns over potential downgrades in the European Union. USD/CAD hit 1.0290 during early U.S. trade, the pair's highest since November 30; the pair subsequently consolidated at 1.0261, slipping 0.11%. The pair was likely to find support at 1.0182, Monday's low and resistance at 1.0362, the high of November 30. The U.S. Commerce Department said … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Aussie Leads Majors Ahead Of FOMC; U.S. Retail Sales Disappoint Posted: 13 Dec 2011 06:20 AM PST Fundamental Headlines
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| Big Bounce For Markets On Data Posted: 13 Dec 2011 01:15 AM PST 12/13/11 NYFP’s Morning Market Report: Global equities received quite the boost this morning following a successful Spanish bond auction and strong German … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Lower As Downgrade Threats Weigh Posted: 13 Dec 2011 06:09 AM PST Forexpros – The euro was lower against the yen on Tuesday, as fears of a series of downgrades in the European Union continued to weigh while markets eyed the Federal Reserve's rate decision later in the day. EUR/JPY hit 102.43 during European afternoon trade, the pair's lowest since October 6; the pair subsequently consolidated at 102.31, shedding 0.15%. The pair was likely to find support at 101.66, the low of October 6 and resistance at 103.45, the high of November 24. Moody’s said … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Daily Commodities Update: Platinum Posted: 12 Dec 2011 07:33 PM PST By ForexMansion.com Platinum dropped to new lows near … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Weekly Commodities Update: Gold Posted: 12 Dec 2011 07:33 PM PST By ForexMansion.com By Jonah S. Ford Gold has already rebounded from this support zone several times in recent rally attempts. The rallies have met resistance as broader commodities and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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