Friday, December 2, 2011

DailyMarkets.com - Jobs Report Overview

DailyMarkets.com - Jobs Report Overview

Jobs Report Overview

Posted: 02 Dec 2011 12:05 PM PST

The total number of people employed rose by 120,000 in November. That is slightly worse than consensus expectations for a gain of 123,000.

This report was weaker than the very robust ADP report on Wednesday. That report showed 206,000 private sector jobs created. The expectation was for the BLS to show 141,000 new private sector jobs. The "actual" BLS number of private sector jobs was 140,000.

Behind the Headline Numbers

Government payrolls declined by 20,000. Federal government … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MasterCard In MCommerce Tie

Posted: 02 Dec 2011 12:05 PM PST

In an attempt to expand its mobile commerce (mCommerce) platform, yesterday, MasterCard Inc. (NYSE:MA) announced a global strategic alliance with mFoundry. The latter is a well-positioned mobile banking solutions provider in the US with seven years of experience.
Besides the collaboration, MasterCard also agreed upon being a leading investor in mFoundry to strengthen the combined mCommerce initiative. However, the terms of the deal remain undisclosed.
As a result of the alliance, mFoundry's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Constellation To Buy From ONEOK

Posted: 02 Dec 2011 11:50 AM PST

Constellation Energy (NYSE:CEG) has entered into a definitive agreement to acquire ONEOK Energy Marketing Company ("OEMC"), a subsidiary of ONEOK, Inc. (NYSE:OKE), for $22.5 million, plus working capital.
OEMC is a retail natural gas marketing company located at Tulsa, Oklahoma. Recently, Constellation Energy has reached the landmark of 1 million retail customers. The current acquisition would add approximately another 26,100 customers to its customer base. Moreover, it will expand Constellation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Sector Insurance

Posted: 02 Dec 2011 11:38 AM PST

Cusick’s Corner
The market has been strong to the upside — volatility has been pulling back, and policy/data has been ideal for the bulls. While the trend is your friend, insurance is also your friend. Take a look under Bearish activity today, there has been quite a bit of insurance being bought, out-of-the money puts traded in four of the major offensive sector ETFs. I view this activity like I do when I buy life insurance –I hope I don’t have to use this because then I’m dead, but I do feel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AGCO Closes GSI Buy

Posted: 02 Dec 2011 11:35 AM PST

AGCO Corporation (AGCO) has completed the acquisition of GSI Holdings Corp. from affiliates of New York-based Centerbridge Partners, L.P. for $928 million. Assumption, Illinois based GSI Holdings is a leading global manufacturer of grain storage and protein production systems with annual revenues of over $700 million.
In October this year, the company struck a deal to acquire GSI Holdings Corp. A few days back, AGCO had priced an offering of $300 million of its 5.875% Senior Notes due … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Clinches Twin BPO Deals

Posted: 02 Dec 2011 11:05 AM PST

Ace technical and management solutions provider Accenture plc (NYSE:ACN) recently clinched a business process outsourcing (BPO) deal with insurance carrier BNP Paribas Cardif. Financial terms of the deal were kept confidential.
BNP Paribas Cardif, the life and property & casualty insurance subsidiary of BNP Paribas is one of the top 15 European insurers. Its life and non-life insurance units have received an AA- (stable outlook) rating from Standard & Poor's. Under the 8-year deal, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Party Time For Retailers

Posted: 02 Dec 2011 10:58 AM PST

The Thanksgiving weekend brought record sales for retailers who went on to post better-than-expected November comparable-store sales and are now padding up for the holiday season. Does this indicate that the retail party has just begun?
Early hours store openings, huge discounts, promotional activities and free shipping on online purchases were enough to lure customers on Black Friday that turned out to be a bonanza for both brick-and-mortar as well as e-commerce retailers.
The data released by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NYSE To Close SecFinex (revised)

Posted: 02 Dec 2011 10:58 AM PST

Yesterday, Financial Times reported that NYSE Euronext Inc. (NYSE:NYX) is mulling the closure of its European securities lending platform unit, SecFinex.

Based in London and founded in 2000, SecFinex is a global electronic, web-based lending & borrowing trading platform. In the same year, it also launched a private bilateral market, introducing the first stock loan electronic platform in the European region.

Further in March 2007, NYSE acquired a 51% stake in SecFinex, whereby the latter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prologis Leases In The UK

Posted: 02 Dec 2011 10:50 AM PST

Prologis Inc. (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently signed a lease agreement spanning 139,000 square feet of its development portfolio in the UK with Dalepak Limited, a third-party logistics service provider, for an undisclosed amount. The lessee would occupy the space at Prologis Park Pineham DC139, which is located in between Birmingham and London in Northampton.
With the lease, Dalepak would presently occupy about 340,000 square feet of space in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down During The U.S. Session

Posted: 02 Dec 2011 10:45 AM PST

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

NZD/USD was trading at 0.7779, down 0.19% at time of writing.

The pair was likely to find support at 0.7488, Monday's low, and resistance at 0.7839, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose to a seasonally adjusted 120K last month, from 100K in the preceding month whose figure was revised up from 80K.

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

MAA Hikes Quarterly Dividend

Posted: 02 Dec 2011 10:35 AM PST

MAA (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently increased its quarterly dividend payout by 5.2% to $0.66 per share or $2.64 on an annualized basis. The dividend is payable on January 31, 2012 to shareholders of record on January 13, 2012.
MAA is among a select group of companies who have maintained an uninterrupted dividend payout even during recession, when most companies have suspended the same. The company has historically paid cash dividends for 72 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EIA Reports Surprise Gas Draw

Posted: 02 Dec 2011 10:20 AM PST

The U.S. Energy Department’s weekly inventory release showed a surprise dip in natural gas supplies on account of unseasonably cold weather in the Southeast. However, gas stocks still remain at elevated levels – 7.3% above the 5-year average and 1.1% higher than the same period last year – reflecting low demand amid robust production.
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis: “Still…panic Headline Driven Market”

Posted: 02 Dec 2011 10:12 AM PST

12/02/11 Sunrise Securities’ Ben Willis discusses the details of the November US jobs report and what to watch in the upcoming trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 0.74%

Posted: 02 Dec 2011 10:05 AM PST

Forexpros – European stocks were up after the closing bell on Friday.

At the close of European trade, Germany's DAX rose 0.74%, London's FTSE 100 gained 1.15%, France's CAC 40 climbed 1.12% and the EURO STOXX 50 was up 1.24%.

Earlier in the day, official data showed that U.S. non-farm payrolls rose to a seasonally adjusted 120K last month, from 100K in the preceding month whose figure was revised up from 80K.

Analysts had expected U.S. non-farm payrolls to rise 120K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In U.S. Trade

Posted: 02 Dec 2011 10:00 AM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

GBP/USD was trading at 1.5588, down 0.65% at time of writing.

The pair was likely to find support at 1.5459, Monday's low, and resistance at 1.5780, Wednesday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose to a seasonally adjusted 120K last month, from 100K in the preceding month whose figure was revised up from 80K.

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

Investors Hesistant, Euro Rally Tapers

Posted: 02 Dec 2011 09:30 AM PST

12/02/11 The recent rally in the euro has tapered off this afternoon as investors are hesitant to go overly long on the currency ahead of the EU summit and ECB meeting next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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