DailyMarkets.com - More Holiday Spending: Which Credit Cards Will Reward You More?

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• More Holiday Spending: Which Credit Cards Will Reward You More?
• Yearend Window Dressing, Risk Lift Bonds
• Forex Trading: EUR/USD Triggers Stops And Move Toward 200 Hour MA/38.2% Retracement
• Chimney Closing For Santa Claus Rally
• Stock Market News Briefs: Commercial Metals Company, Procter & Gamble Company, Red Hat, Schnitzer Steel Industries, Winn-Dixie Stores, Exxon Mobil Corporation
• Watson-Amgen To Develop Biosimilars
• Crown Castle Solidifies DAS Network
• U.S. Building Permits Rise To Highest Since March 2010
• Newmont Unit Completes Reorganization
• Sugar Edges Higher But Gains Limited On Ample Supplies
• Pall To Acquire ForteBio
• European Stocks Mixed After Spanish Auction; DAX Up 0.86%
• Morgan Stanley To Venture In India
• Forex – Dollar Extends Losses As Market Sentiment Firms Up
• Forex – GBP/USD Extends Gains As Risk Appetite Strengthens
• Forex – EUR/USD Hits 1-week High But Upside Limited
• Canada Core CPI Rises Less-than-expected In November
• U.S. Futures Higher On E.Z. Optimism; Dow Jones Up 0.62%
• Forex – Euro Rises Against Dollar As Market Sentiment Improves
• Corn Trades Close To 3-week High On Argentina Crop Woes
• U.K. CBI Realized Sales Soar In December
• Forex – EUR/GBP Close To 10-month Low After Ifo, Spanish Bond Auction

More Holiday Spending: Which Credit Cards Will Reward You More? Posted: 20 Dec 2011 07:34 AM PST Holiday spending expectations have increased a lot since last year. According to a recent survey conducted by Gallup, US consumers are planning on spending 7% more during this year's year-end holiday season than they did the year before, with the average expenditure per person increasing from $714 in 2010 to $764 this year. This amount is $100 more than what the average consumer planned to spend in 2008 and 2009, and $50 more than the holiday spending expectation from another survey conducted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yearend Window Dressing, Risk Lift Bonds Posted: 20 Dec 2011 06:22 AM PST Tuesday, December 20, 2011 Bonds continue to move higher and yields continue to shrink as we approach the end of the year, as many funds look to add quality assets to their balance sheets. Despite the S&P downgrade of US debt and continuous talk of diversification away from the Dollar, many global investors continue to look to the US as a safe haven when the sky is falling. Technically, the March Bond contract appears to be on the verge of breaking out, which could signal a continuation of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Triggers Stops And Move Toward 200 Hour MA/38.2% Retracement Posted: 20 Dec 2011 06:22 AM PST The EURUSD moved above the topside channel trendline resistance at the 1.3187 level and this helped ignite stops that has pushed the EURUSD sharply higher. The pair is moving toward key target resistance at the 1.3131/35 area where the 38.2% retracement of the move down from the December 8th high to the December 14th low is found. The 200 hour MA (green line) is also in the area at the 1.3135 level currently. I would expect that longs would be willing to take profit against the level on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chimney Closing For Santa Claus Rally Posted: 20 Dec 2011 06:15 AM PST The fabled “Santa Claus rally” has eluded us thus far. Stocks are down more than 3% this month and the window of opportunity is fast closing with just a few more trading sessions left. If St. Nicholas continues to look for inspiration from Mario Draghi, the president of European Central Bank, then we should probably head out for holidays ahead of time. There is some positive news out of Europe this morning, with a key German business confidence survey coming in better than expected. We also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Commercial Metals Company, Procter & Gamble Company, Red Hat, Schnitzer Steel Industries, Winn-Dixie Stores, Exxon Mobil Corporation Posted: 20 Dec 2011 06:15 AM PST       In a deal worth $560 million, Winn-Dixie Stores Inc. (NASDAQ:WINN) will be sold to supermarket operator Bi-Lo LLC. Following the development, shares of Winn-Dixie soared 70.1%     A company spokeswoman told Reuters that Procter & Gamble Co. (NYSE:PG) has stopped full-time hiring for this fiscal year     Schnitzer Steel Industries Inc. (NASDAQ:SCHN) said that weak environment for recycled metals on a global basis will take a toll on its first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson-Amgen To Develop Biosimilars Posted: 20 Dec 2011 06:06 AM PST Watson Pharmaceuticals Inc. (NYSE:WPI) and Amgen Inc. (NASDAQ:AMGN) recently announced a collaboration agreement for the worldwide development and commercialization of oncology antibody biosimilar medicines. According to the agreement, Amgen will be responsible for developing, manufacturing and initially commercializing the products. Watson Pharma will contribute $400 million towards the co-development of the biosimilars, which will include the provision of development support, along with sharing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crown Castle Solidifies DAS Network Posted: 20 Dec 2011 05:50 AM PST Crown Castle International Corp. (NYSE:CCI), a leading wireless tower operator, recently entered into a definitive agreement to acquire privately held NextG Networks Inc. for approximately $1 billion. NextG is the largest provider of outdoor Distributed Antenna Systems (DAS). The deal is expected to be closed by the second quarter of 2012. Crown Castle will fund the acquisition through debt financing and believes this deal will be accretive to its recurring cash flow per share in the long term. If … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Building Permits Rise To Highest Since March 2010 Posted: 20 Dec 2011 05:39 AM PST Forexpros – The number of building permits issued in the U.S. rose more-than-expected in November, climbing to the highest level since March 2010, official data showed on Tuesday. In a report, the U.S. Census Bureau said the number of building permits issued in November rose 5.7% to a seasonally adjusted 0.68 million from 0.64 million in October, whose figure was revised down from 0.65 million. Analysts had expected building permits to fall by 1.4% to 0.63 million units in November. U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newmont Unit Completes Reorganization Posted: 20 Dec 2011 05:35 AM PST Newmont Mining Corporation's (NYSE:NEM) subsidiary Newmont Mining Corporation of Canada Limited (TSX:NMC), completed the previously announced reorganization of the Company and certain of its affiliates. The reorganization was intended to provide a more flexible and efficient corporate structure for the exchangeable shares and would not substantively affect the rights of the company’s exchangeable share holders. Earlier, Newmont also entered into an agreement with the government of Peru to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Edges Higher But Gains Limited On Ample Supplies Posted: 20 Dec 2011 05:23 AM PST Forexpros – Sugar futures edged higher on Tuesday, boosted by a broadly weaker U.S. dollar, however prices continued to trade close to last week's five-month low amid concerns over ample global supplies. On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2322 a pound during European afternoon trade, edging up 0.24%. It earlier rose by as much as 0.5% to trade at a session high of USD0.2327 a pound. Prices fell to a five-month low of USD0.2263 a pound on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pall To Acquire ForteBio Posted: 20 Dec 2011 05:15 AM PST Pall Corporation (NYSE:PLL) is all set to acquire ForteBio Inc., a Menlo Park, California based leading provider of advanced analytical systems that accelerate the discovery and development of biotech drugs. The companies have entered into a definitive merger agreement. The acquisition will enable Pall to expand its reach in the more than $1 billion biopharmaceuticals process monitoring market and the protein research market with ForteBio's wide range of innovative, label-free protein analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed After Spanish Auction; DAX Up 0.86% Posted: 20 Dec 2011 05:10 AM PST Forexpros – European stock markets were mixed to higher on Tuesday, as investor confidence was supported by a sharp rise in German business sentiment and a successful Spanish debt auction. During European afternoon trade, the EURO STOXX 50 jumped 0.96%, France's CAC 40 surged 0.98%, while Germany's DAX 30 added 0.86%. Stocks were boosted after German research institute Ifo said its Business Climate Index rose to a seasonally adjusted 107.2 in December from 106.6 in November, confounding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Morgan Stanley To Venture In India Posted: 20 Dec 2011 05:06 AM PST In the current U.S. economic scenario and ongoing global markets' turmoil, Morgan Stanley (NYSE:MS) plans to venture funds in India. According to Reuters, the global real estate fund of Morgan Stanley might invest in a residential project in Mumbai, India. According to the source, Morgan Stanley is expected to enter into a deal with Mumbai-based Sheth Developers to invest $100 million to $125 million in the project. Precisely, last year, Sheth Developers acquired an 18-acre land in Andheri, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Extends Losses As Market Sentiment Firms Up Posted: 20 Dec 2011 04:53 AM PST Forexpros – The U.S. dollar extended losses against its major counterparts on Tuesday, as market sentiment was boosted after unexpectedly strong German data and a well received auction of Spanish government debt. During European afternoon trade, the dollar was down against the euro, with EUR/USD rising 0.56% to hit 1.3071. German research institute Ifo said its Business Climate Index rose to a seasonally adjusted 107.2 in December from 106.6 the previous month, confounding expectations for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Extends Gains As Risk Appetite Strengthens Posted: 20 Dec 2011 04:40 AM PST Forexpros – The pound extended gains against the U.S. dollar on Tuesday, rising to a six-day high as positive German business climate data and a successful Spanish bond sale supported risk appetite. GBP/USD hit 1.5650 during European afternoon trade, the pair's highest since December 12; the pair subsequently consolidated at 1.5636, climbing 0.88%. Cable was likely to find support at 1.5450, the low of December 13 and resistance at 1.5769, the high of December 8. Sentiment was boosted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Hits 1-week High But Upside Limited Posted: 20 Dec 2011 04:29 AM PST Forexpros – The euro extended gains against the U.S. dollar on Tuesday, rising to a one-week high but gains were capped amid concerns over the ongoing debt crisis in the single currency bloc. EUR/USD hit 1.3090 during European early afternoon trade, the pair's highest since December 13; the pair subsequently consolidated at 1.3065, rising 0.50%. The pair was likely to find support at 1.2982, Monday's low and resistance at 1.3144, the high of January 12. The euro's gains came after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canada Core CPI Rises Less-than-expected In November Posted: 20 Dec 2011 04:09 AM PST Forexpros – Core consumer price inflation in Canada rose less-than-expected in November, official data showed on Tuesday. In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, rose by 0.1% in November, after advancing by 0.3% in October. Analysts had expected core CPI to rise by 0.2% in November. Core CPI rose at an annualized rate of 2.1% in November, unchanged from the previous month. Consumer price inflation including more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Higher On E.Z. Optimism; Dow Jones Up 0.62% Posted: 20 Dec 2011 04:08 AM PST Forexpros – U.S. stock futures pointed to a higher open on Tuesday, after stronger-than-expected German business climate data and a well-received Spanish bond auction. Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.62%, S&P 500 futures signaled a 0.85% increase, while the Nasdaq 100 futures indicated a 0.74% gain. German research institute Ifo said its Business Climate Index rose to a seasonally adjusted 107.2 in December from 106.6 the previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Rises Against Dollar As Market Sentiment Improves Posted: 20 Dec 2011 03:32 AM PST Forexpros – The euro climbed against the U.S. dollar on Tuesday and was mixed to broadly lower against its other major counterparts as unexpectedly strong German data and a well received Spanish bond auction boosted demand for riskier assets. During European late morning trade, the euro was up against the U.S. dollar, with EUR/USD advancing 0.63% to hit 1.3080. Market sentiment was boosted after German research institute Ifo said its Business Climate Index rose to a seasonally adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corn Trades Close To 3-week High On Argentina Crop Woes Posted: 20 Dec 2011 03:21 AM PST Forexpros – Corn futures rose for the third consecutive day on Tuesday, hovering just below the previous session's three-week high as a combination of ongoing concerns over dry weather conditions in Argentina and a broadly weaker U.S. dollar boosted prices. On the Chicago Mercantile Exchange, corn futures for March delivery traded at USD6.0338 a bushel during European morning trade, gaining 0.46%. It earlier rose by as much as 0.55% to trade at a daily high of USD6.0362 a bushel, just … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. CBI Realized Sales Soar In December Posted: 20 Dec 2011 03:14 AM PST Forexpros – Retail sale volumes in the U.K. surged significantly more-than-expected in December, rising for the first time in seven months, industry data showed on Tuesday. In a report, the Confederation of British Industry said the result of its index of U.K. retailers improved by 28.0 points to 9.0 in December from a reading of minus 19.0 in November. Analysts had expected the index to improve by 6.0 point to minus 13.0. On the index, a reading above 0.0 indicates higher sales volume, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Close To 10-month Low After Ifo, Spanish Bond Auction Posted: 20 Dec 2011 03:05 AM PST Forexpros – The euro remained close to a ten-month low against the pound on Tuesday, despite unexpectedly strong German business climate data and a successful Spanish bond auction. EUR/GBP hit 0.8360 during European morning trade, the pair's lowest since February 18; the pair subsequently consolidated at 0.8369, declining 0.21%. The pair was likely to find support at 0.8330, the low of January 18 and resistance at 0.8416, Monday's high. German research institute Ifo said its Business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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