Tuesday, December 27, 2011

DailyMarkets.com - NextEra Raises Funds For Wind Power

DailyMarkets.com - NextEra Raises Funds For Wind Power


NextEra Raises Funds For Wind Power

Posted: 27 Dec 2011 12:05 PM PST

Redwood Trails Wind, LLC, a unit of  NextEra Energy, Inc. (NEE), has arranged $234 million for the financing of its wind projects in Oklahoma and California. Another NextEra business wing, Golden Winds, LLC, raised $131 million for its three wind farms in California. Both Redwood Trails Wind and Golden Winds are subsidiaries of NextEra Energy Resources, LLC, North America’s largest owner and operator of wind and solar electricity generating assets.
The limited recourse term loan of $234 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


3 European Firms Strike Angola Deal

Posted: 27 Dec 2011 11:50 AM PST

With the aim of expanding individual footing in the energy sector of South Africa, three European oil biggies entered into three different deals with Sonangol, the National Fuel Company of Angola, to explore the undeveloped pre-salt offshore acreage.
London, England-based BP plc (NYSE:BP) received access to five more deepwater exploration and production blocks offshore Angola, netting a total of nine blocks. BP and Sonangol also inked production sharing contracts (PSCs) for four new blocks in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SunPower To Acquire Tenesol

Posted: 27 Dec 2011 11:40 AM PST

SunPower Corporation (NASDAQ:SPWR) announced that it has signed a definitive agreement to acquire Tenesol SA, a wholly owned subsidiary of oil giant TOTAL S.A. (NYSE:TOT), for $165.4 million in cash. SunPower expects the acquisition to have a positive impact to its financial results in 2012.
Concurrent with closing of the acquisition, Total has agreed to buy 18.6 million SunPower common shares in a private placement at $8.80 per share, a 50% premium to the December 22, 2011, closing price. After the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TWC Enhances Product Offering

Posted: 27 Dec 2011 11:20 AM PST

Time Warner Cable Inc. (NYSE:TWC), the second largest cable MSO in the U.S., recently announced the inclusion of 37 Spanish language channels on TWCable TV for Apple Inc's (NASDAQ:AAPL) iPad.
Based on the increasing demand for Spanish networks on tablets, the company extended its Spanish channel portfolio and these channels will be free for Time Warner Cable's customers.
With the growing popularity of tablets and smartphones coupled with the deployment of LTE networks, the customers are shifting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Market Light Volume

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner This is the start of one of the lightest volume trading weeks. We witnessed Volatility coming out of the options market early last week in spite of all the headlines. At this stage I will be paring down size and will focus on best of breed stocks and indices for my ideas. I will also look at the data out this week; most notable — Crude inventories, so I will be looking at the Energy/Oil sector today for some ideas. I am going to be very patient and disciplined this week and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Is Santa Coming To Town?

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner
Well, this does not look like a Charlie Brown Christmas, and going into the Midday it looks like the bid came in and brought Santa to the market. In other words, the fund managers who have not been in the market lately felt that most of the traders, the weak hands I often refer too, have been washed out on the latest pullback and that a stronger hand can come in an participate. This was flagged when we witnessed volatility coming off in the last week. As I pointed out yesterday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Bear Trap Shut

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner
Trap was closed today, in reference to bear trap last night, and the activity today has the market on pace to finish the year in the green, the S&Ps only needs to move 2% to be in the green. This is a market environment that is oversold and we are working out of it and I just do not want to get in front of this train. There is a lot of money that will need to get to work and at this stage after a move that is not looking back it will be hard to get in at basically more than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Bull Hug

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner
The move yesterday was impressive and did catch plenty off guard, really putting the hurt/squeeze on the bears. While the markets have pulled back into the Midday, it is going to be hard to get this market back down to the early week lows, 1200 on the S&Ps. We had overnight and early session news of refinancing options in the EU starting, i.e. printing money, but that fizzled as the size of the potential back stop looks potentially large. But what is promising is that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Equities On The Offensive

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner
The catalysts for the weakness today are Tech, QQQ, (underperforming since mid-October) and the miss in Oracle, ORCL. But some chartists may have seen this weakness in ORCL when there was break of support last week, 30.64 on 12/14, there was time then to take some potential defensive action. Chip and internet names followed suit with the negative sentiment in Tech. I have already mentioned in the past month that this is part of a potentially larger cycle out of Tech and into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Volume Razor Thin

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner
The data this morning supported the overnight uptrend. This market is impressive, even Tech, QQQ, has been showing strength today. The bulls are hitting a little midday resistance. However, the volume is razor thin so I am not chasing nor am I deviating from my conservative nature as far as position sizing and capital management, I am considering small, well-defined trades. With the XLF, XLI, XLE, XLK all outpacing the S&Ps, SPY, the bulls have the light volume momentum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Market Holds Off Grinch

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner
The market finished on its best levels but on continued weak volume. The data today was positive, but with low volume, the bulls will need some continued positive data if there is a continued expectation of upside – especially if there is potential of finishing the year in the green. The resistance point is going to be the 200 day moving average, 1259, on the SPX, and the bears look ready to defend that level. Watch the Orders data and Personnel Income and Spending coming out … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: 200-Day SMA Creached On S&Ps

Posted: 27 Dec 2011 11:19 AM PST

Cusick’s Corner
The open had the S&Ps in positive territory for the year and through the resistance I previously talked about, through the 200-Day SMA. While this does bring holiday cheer to many bulls in the market, today’s action is with small participation of big money. I will be watching the Euro, FXE, which has been hovering around the critical $1.30 mark. A break below this level would be a potential flag for weakness not only in the EU but potentially in the US as well. See you After … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


France Telecom To Shed Swiss Unit

Posted: 27 Dec 2011 11:05 AM PST

France Telecom (NYSE:FTE) plans to sell its Swiss mobile subsidiary, Orange Communication, to the London buyout firm Apax Partners for €1.6 billion ($2.1 billion).
The move is consistent with the company's broader European portfolio asset review and strategy to divest minority holdings. The company primarily intends to shed its underperforming assets in Europe (Switzerland, Austria, Belgium and Portugal), owing to the prevailing weak economic conditions and unfavorable regulatory measures that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


National Bank Of Belarus Increased Rate 500bps To 45.00%

Posted: 27 Dec 2011 10:51 AM PST

The National Bank of the Republic of Belarus hiked its refinancing rate by another 500 basis points to 45.00% from 40.00% on the 12th of December.  The Bank said [translated]: “Further tightening of monetary policy is warranted due to the necessity of fixing the positive trends in the balance of payments and foreign exchange market. Besides these measures will reduce inflation and devaluation expectations in the economy, which would be more limiting factor by way of the growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Advance Auto Stays Neutral

Posted: 27 Dec 2011 10:50 AM PST

We are maintaining our long-term Neutral recommendation on Advance Auto Parts Inc. (NYSE:AAP). Headquartered in Roanoke, Virginia, Advance Auto operates in the U.S. automotive aftermarket industry and primarily engages in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks.
The company is the second largest retailer for the DIY and DIFM (or Commercial) customers.
The company released its third quarter 2011 earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 27 Dec 2011 10:45 AM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.

USD/JPY was trading at 77.85, down 0.15% at time of writing.

The pair was likely to find support at 77.80, today's low, and resistance at 78.23, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.13% to hit 1.3076 and GBP/USD rising 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Potash Corp. Downgraded To Neutral

Posted: 27 Dec 2011 10:40 AM PST

We are downgrading our recommendation on Potash Corp. of Saskatchewan Inc. (POT) driven by slowing shipments and demand. Potash Corp., the world’s largest fertilizer enterprise, produces three primary plant nutrients – potash, phosphate and nitrogen.
Potash Corporation recorded strong third-quarter 2011 net earnings of $0.94 per share, up 147% from $0.38 in the prior-year quarter, beating the Zacks Consensus Estimate by a penny. Revenues increased 47.4% year over year to $2,321 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Virgin Media Remains Neutral

Posted: 27 Dec 2011 10:20 AM PST

Virgin Media Inc. (NASDAQ:VMED) reported weak financial results for the third quarter of 2011. Both the company's top line and bottom line fell below the Zacks Consensus Estimates. However, those who still subscribe to Virgin Media's services have shown their preference for the company's high-margin bundled services. In the previous quarter, the company added net 127,200 Internet TV customers.
Virgin Media's bundled services offerings are receiving increasing market traction. At the end of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Willis: “Only Thing That Matters…the Close”

Posted: 27 Dec 2011 10:20 AM PST

12/27/11 Sunrise Securities’ Ben Willis discusses key market drivers in holiday-thinned trading conditions. Willis also touches on the advance in crude oil and expected trends in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDCHF More Pressured In Quiet Trade

Posted: 27 Dec 2011 10:18 AM PST

Despite the stock market being opened today, and some US economic data being released, the markets remain very quiet and contained. The USDCHF has traded between 0.9330 an 0.9349 in the NY session.  Tilting the bias to the downside is the inability to push above the 100 hour MA (blue line in the chart above) which comes in at 0.9353 currently.  What keeps the buyers content is the inability to push materially below the low from Friday's trade at the 0.9332 (low ticked at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rowan Still At Neutral

Posted: 27 Dec 2011 10:05 AM PST

We maintain a Neutral rating on Rowan Companies Inc. (NYSE:RDC). The Texas-based company is a provider of international and domestic contract drilling and aviation services. The company’s fleet of 29 jackup rigs is located worldwide, including the Middle East, the North Sea, Trinidad and the Gulf of Mexico (GoM). 
Rowan's premium high-specification rig fleet enjoys greater utilization than most other shallow-water fleets. We believe that the company exhibits an improved rig execution level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ABB Wins Contract In India

Posted: 27 Dec 2011 09:50 AM PST

ABB Ltd. (NYSE:ABB) received an order from Power Grid Corporation of India Ltd. to provide an ultrahigh-voltage direct current (UHVDC) transmission system worth more than $900 million. This link will cover a distance of 1,700 kilometers to supply hydropower from northeast India, a mountainous region with many hydropower resources, to the populated area of Agra.
From the several hydropower stations electricity will be collected through pooling points, planned to be created in the region, and will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Close Higher; Dax Up 0.18%

Posted: 27 Dec 2011 09:50 AM PST

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

At the close of European trade, Germany's DAX rose 0.18%, London's FTSE 100 gained 1.02%, France's CAC 40 climbed 0.03% and the EURO STOXX 50 was up 0.03%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.16%; the S&P 500 index gained 0.18%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Some Great Questions From Don Boudreaux

Posted: 27 Dec 2011 09:46 AM PST

Don Boudreaux poses an excellent series of about 16 thought-provoking questions in his most recent Pittsburgh Tribune-Review editorial, here are six of my favorites:

1. Why are the pundits and politicians who most fear the motives and the power of private corporations typically also the most strident advocates of higher tariffs to protect these corporations from competition?

2. Why do so many conservatives who profess dedication to individual liberty oppose the liberty of adults to smoke … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Eni, Repsol To Develop Perla Field

Posted: 27 Dec 2011 09:35 AM PST

Venezuela’s state-run energy company Petroleos de Venezuela S.A. (or PDVSA) has signed a natural gas supply contract with Eni SpA (NYSE:E) and Repsol YPF SA for the commercial development of the vast hydrocarbons reserves of the Perla field.
Located in the Cardon IV block in the Gulf of Venezuela, the Perla field – Venezuela's largest gas discovery – is estimated to contain approximately 17 trillion cubic feet (Tcf) or 3.1 billion barrels of oil equivalent. Eni and Repsol are joint operators … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rating Action On Principal Financial

Posted: 27 Dec 2011 09:25 AM PST

The credit rating agency A.M. Best Co. reiterated the financial strength rating of A+ (Superior) and the issuer credit rating (ICR) of ‘aa-’ of Principal Life Insurance Company and Principal National Life Insurance, the life insurance operating subsidiaries of  Principal Financial Group Inc. (NYSE:PFG).
Subsequently, the credit rating agency reaffirmed the ICR of 'a-' of Principal Financial along with the present debt ratings.
The outlook for all the ratings remains stable.
The rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Verisante Operational Update

Posted: 27 Dec 2011 09:25 AM PST

 Verisante Operational Update
Brian Marckx, CFA
Verisante Technology Inc. (VRSEF / V.VRS) provided an operational update last week, offering insight into progress on several fronts.  Perhaps the most noteworthy of which is a meeting with the FDA, expected in Q1 2012, for initial discussions on the regulatory approval pathway for Aura.  As a reminder, Aura recently was CE Marked for sale in Europe and also just received approval to be marketed and sold in Australia and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Raytheon Wins $122.5M SM-3 Order

Posted: 27 Dec 2011 09:05 AM PST

Raytheon Company (NYSE:RTN) has received a $122.5 million order for the development of Standard Missile-3 ("SM-3") Block IA and IB programs from the U.S. Missile Defense Agency.
Per the contract, the company will be responsible for design and engineering, and in-service engineering support of the variants of SM-3. It will also look after the production engineering, supervision and flight test support of these two variants of the SM-3 family.
The Standard Missile-3 is a ship-based missile … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Granite Bags Yet Another Cadillac

Posted: 27 Dec 2011 08:50 AM PST

Granite City Food & Brewery Ltd. (NASDAQ:GCFB) recently completed the acquisition of the assets of another Cadillac Ranch All American Bar & Grill restaurant in Miami, Florida for $1.4 million. The acquisition is in sync with the company's master asset purchase agreement, signed in November this year, to buy the net assets of seven Cadillac restaurants for $9.0 million. Granite City also has the option of buying the assets of an eighth restaurant in Annapolis, Maryland for nominal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CNH’s New Chinese Facility

Posted: 27 Dec 2011 08:35 AM PST

CNH Global N.V. (NYSE:CNH) prepares to grapple with the currently escalating demands from its Asia Pacific operations by recently announcing to construct a plant worth an initial investment cost of around $90 million at Harbin, in the Heilongjiang Province of northeast China.
This new facility, which is expected to be a gigantic one, would be of around 4.3 million square feet and would expand its agricultural equipment productions by generating high-horsepower tractors and other advanced farming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rating Reaffirmed On POSCO

Posted: 27 Dec 2011 08:20 AM PST

South Korean steelmaker, POSCO (NYSE:PKX) is the world’s third largest steel producer on the basis of output. We prefer to remain on the sidelines for the company and have reaffirmed a Neutral recommendation on the stock.
POSCO appears to be very well placed to benefit from its wide regional diversifications, higher proportion of value-added products in its product mix and new facility additions over the longer term. Moreover, the company's concerted efforts in expanding in fast growing markets, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Ticks Higher In Light Trade

Posted: 27 Dec 2011 08:20 AM PST

12/27/11 US stocks erased earlier weakness to turn positive. Consumer confidence topped estimates, while S&P Case-Shiller HPI fell for the second straight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BOJ Intervention Fails To Spark Yen Sell-off

Posted: 27 Dec 2011 08:19 AM PST

Tuesday, December 27, 2011
The BOJ has not been able to devalue the Yen to the extent that the central bank would like. Unlike the Swiss intervention earlier this year, the Japanese central bank has fewer tools at its disposal by not pledging unlimited intervention. The new trade agreement with China and the lingering European concerns could also continue to bolster the Yen. Technically, the Yen has been a quiet market that may be on the verge of breaking out. Some traders may possibly with to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Zacks Raises Price Target On SunSi Again

Posted: 27 Dec 2011 08:12 AM PST

Zacks raises price target on SunSi again
Steven Ralston, CFA

A year-end review of our income statement forecasts and valuation model supports an increase of our price target for SunSi Energies (SSIE). In September, SunSi's management issued guidance for fiscal 2012, stating that revenues are expected to be in the range of $49 million to $52 million compared to $15.1 million in fiscal 2011, primarily due to recording a full year of revenue from Baokai and Wendeng, but also from the increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Encana Sheds North Texas Assets

Posted: 27 Dec 2011 08:12 AM PST

Canada's largest natural gas producer Encana Corporation (NYSE:ECA) announced that its affiliate Encana Oil & Gas (USA) Inc has dispensed with most of its natural gas producing assets in North Texas. Encana received proceeds of $860 million from the assets divestiture to EnerVest, Ltd.
In early November, Encana announced that it has signed a deal to sell the Barnett Shale assets for approximately $975 million. The company will get the remaining proceeds, following the closure of some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Mixed As Markets Focus On Italian Bond Sales

Posted: 27 Dec 2011 07:52 AM PST

Forexpros – The U.S. dollar was mixed to lower against its major counterparts on Tuesday, as concerns over the sovereign debt crisis in the euro zone continued to dominate market sentiment ahead of Italian bond auctions programmed on Wednesday.

During U.S. morning trade, the dollar was fractionally lower against the euro, with EUR/USD easing up 0.06% to hit 1.3067.

With markets in the U.K., Canada and Australia remaining closed for an extended holiday break and most investors already away … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Diamonds, Cocaine And Coffee

Posted: 27 Dec 2011 07:51 AM PST

1. The Incredible Story Of De Beers Diamonds: How It Created And Lost The World’s Most Powerful and Longest-Lasting Monopoly in History 
(HT: Craig Newmark)

2. FOLLOWING THE COCAINE TRAIL: How The White Powder Gets Into American Hands

3. 11 Incredible Facts About the Global Coffee … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Natural Gas Futures Gain On Forecasts Of Colder Weather

Posted: 27 Dec 2011 07:49 AM PST

Forexpros – Natural gas prices rose for the first time in three days on Tuesday, as forecasts for colder-than-normal winter weather in the U.S. next week boosted demand expectations for the heating fuel.

On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD3.171 per million British thermal units during U.S. morning trade, jumping 1.05%.

It earlier rose by as much as 2.1% to trade at a two-day high of USD3.216 per million British thermal units. Prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Higher But Gains Limited On E.Z. Fears

Posted: 27 Dec 2011 07:32 AM PST

Forexpros – The pound was higher against the U.S. dollar in thin post-Christmas trade on Tuesday, as markets eyed Italian bond auctions later in the week but gains were capped by sustained concerns over the euro zone's debt woes.

GBP/USD hit 1.5680 during U.S. morning trade, the pair's highest since December 23; the pair subsequently consolidated at 1.5668, advancing 0.23%.

Cable was likely to find support at 1.5579, the low of December 23 and resistance at 1.5728, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Rises To 2-week High On Consumer Confidence Data

Posted: 27 Dec 2011 07:28 AM PST

Forexpros – Crude oil futures rose above USD100-a-barrel in thin year-end trading volumes on Tuesday, as market sentiment improved after data showed U.S. consumer confidence rose to an eight-month high in December.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD100.53 a barrel during U.S. morning trade, gaining 0.68%.

It earlier rose by as much as 0.8% to trade at USD100.67 a barrel, the highest since December 13.

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


Forex – EUR/USD Unchanged After U.S. Consumer Confidence Data

Posted: 27 Dec 2011 07:17 AM PST

Forexpros – The euro held steady against the U.S. dollar in subdued trade on Tuesday, after upbeat U.S. consumer confidence data as worries over the worsening debt crisis in the euro zone continued to weigh.

EUR/USD hit 1.3083 during U.S. morning trade, the pair's highest since December 23; the pair subsequently consolidated at 1.3063, adding 0.05%.

The pair was likely to find support at 1.3016, the low of December 22 and resistance at 1.3131, the high of December 20.

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


Crude Steady Above $99

Posted: 27 Dec 2011 07:15 AM PST

12/27/11 With the forex markets remaining calm this morning, so is the case in the energy markets as front month crude prices are trading slighly higher this morning to remain above $99 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Stocks Gain After Consumer Confidence Data; Dow Up 0.25%

Posted: 27 Dec 2011 07:09 AM PST

Forexpros – U.S. stock markets advanced in quiet post-Christmas action on Tuesday, as market sentiment improved after data showed U.S. consumer confidence rose to an eight-month high in December.

During early U.S. trade, the Dow Jones Industrial Average rose 0.25%, the S&P 500 index gained 0.3%, while the Nasdaq Composite index added 0.4%.

With most investors already away on year-end leave, trading volumes were expected to remain low, resulting in subdued trade. U.S. equity markets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. CB Consumer Confidence Rises To 8-month High

Posted: 27 Dec 2011 07:05 AM PST

Forexpros – U.S. consumer confidence rose more-than-expected in December, climbing to the highest level since April, industry data showed on Tuesday.

In a report, the Conference Board, a market research group said its index of consumer confidence rose by 9.3 points to 64.5 in December from a reading of 55.2 in November, whose figure was revised down from 56.0.

Analysts had expected the index to rise by 3.0 points to 58.2 in December.

The Present Situation Index increased to 46.7 from 38.3. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Steady, Remains Marginally Higher Vs. Dollar

Posted: 27 Dec 2011 02:00 AM PST

12/27/11 The euro currency remained slightly higher against the dollar this morning, but stayed relatively unchanged as investors awaited the results of Italian debt auctions while the UK markets were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


British Pound Top Performer In Thin Markets

Posted: 27 Dec 2011 06:55 AM PST

European Session Summary
Trading conditions remained especially thin on Tuesday, as English speaking countries, mainly Canada and the United Kingdom, celebrated national holidays. Typically, the weeks leading up to and after Christmas are slow, as many trading desks around the world are closed. Higher yielding currencies had underperformed headed into the North American trading session, while the Euro was softer as well.
Notably, the Italian 10-year bond traded back above the 7 percent yield, a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets Lower As Week Begins

Posted: 27 Dec 2011 06:15 AM PST

12/27/11 NYFP’s Opening Bell Report: The markets were trading lower to start the abbreviated trading week on continued mixed global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ben Willis Explains “Wait Till The Sun Shines, Nellie”

Posted: 24 Dec 2011 06:00 PM PST

12/25/11 NYFP’s Wall Street History: Ben Willis of Sunrise Securities explains the purpose and history of traders singing “Wait Till the Sun Shines, Nellie” prior to the Christmas holiday at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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