DailyMarkets.com - Bank Of Mozambique Cuts Rate 125bps To 13.75%
DailyMarkets.com - Bank Of Mozambique Cuts Rate 125bps To 13.75% |
- Bank Of Mozambique Cuts Rate 125bps To 13.75%
- Bear Of The Day: Ultra Petroleum Corp. (UPL)
- Momentum Stock: Dollar Thrifty Automotive Group, Inc.
- Growth & Income Stock: Gap Inc.
- Bull Of The Day: Macy's, Inc. (M)
- Aggressive Growth Stock: HiSoft Technology
- Has The Real Estate Market Finally Bottomed Out?
- Forex Trading: Usd/hkd Fills The Gap.
- How Housing Policy Caused The Financial Crisis
- A Different Light
- California Declares War On Raw Dairy Farmers
- Manufacturing Boom In Michigan, Partly Due To Reshoring; U.S. Factories Are Competitive Again
- Forex Trading: EUR/USD Testing Resistance @ 1.3172
- March 2012 = December 2010?
| Bank Of Mozambique Cuts Rate 125bps To 13.75% Posted: 13 Mar 2012 01:37 AM PDT The Bank of Mozambique dropped its standing facility lending interest rate 125 basis points to 13.75% from 15.00%. The Bank said [translated]: “The Monetary Policy Committee noted the results of inflation, which are favorable, and analyzed the predictions of short and medium term for this indicator, as well as the environment of stability that the financial sector observed and considered to have conditions for enlargement of the space money in order to facilitate bank financing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bear Of The Day: Ultra Petroleum Corp. (UPL) Posted: 12 Mar 2012 11:08 PM PDT Concerned by the current weak sentiment for natural gas, we are downgrading Ultra Petroleum Corp. (NYSE:UPL) shares to Underperform from Neutral. The glut in domestic gas supplies continues to weigh on the fundamentals, and storage levels remain well above their benchmark levels. This translates into a bearish near-to-medium term outlook for natural gas-weighted companies like Ultra.
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| Momentum Stock: Dollar Thrifty Automotive Group, Inc. Posted: 12 Mar 2012 11:08 PM PDT Dollar Thrifty Automotive Group, Inc. (DTG)
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| Growth & Income Stock: Gap Inc. Posted: 12 Mar 2012 11:08 PM PDT Estimates have been rising for Gap Inc. (NYSE:GPS) after the company delivered its 5th consecutive positive earnings surprise.
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| Bull Of The Day: Macy's, Inc. (M) Posted: 12 Mar 2012 11:08 PM PDT Macy’s, Inc. (NYSE:M) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer-centric localization initiatives. To help drive traffic, Macy’s continues to focus on price optimization, inventory management and merchandise planning. These help the company to deliver better-than-expected fourth-quarter 2011 results.
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| Aggressive Growth Stock: HiSoft Technology Posted: 12 Mar 2012 11:08 PM PDT HiSoft Technology (HSFT) is a Zacks #1 Rank (Strong Buy) and following two consecutive earnings beat and higher earnings estimates.
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| Has The Real Estate Market Finally Bottomed Out? Posted: 12 Mar 2012 08:20 PM PDT Following this CD post from last Saturday “Has the Real Estate Market Finally Bottomed Out?” comes this WSJ article “Rise in Phoenix Housing Shows Path for Other Cities”: “As home prices continue to drop in most cities, a nascent real-estate rebound here holds lessons for the rest of the country. This sprawling desert metropolis was one of the hardest hit housing markets during the bust. Phoenix home prices declined 55% from 2006 through the end of 2011, and Arizona’s foreclosure rate jumped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Usd/hkd Fills The Gap. Posted: 12 Mar 2012 08:18 PM PDT usd/hkd fill this recent rally when usd/hkd gaps higher and now crating a small upward wedge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| How Housing Policy Caused The Financial Crisis Posted: 12 Mar 2012 07:39 PM PDT Reason.tv — “AEI’s Peter Wallison argues in the video above that the financial meltdown was largely a consequence of government housing policy that underwrote unsustainable economic activity. He draws heavily on the research of Fannie Mae’s former chief credit officer, Edward Pinto (now at AEI), which found that federal housing agencies drastically underreported the number of high-risk mortgages on their books. According to Wallison and Pinto, there were about 28 million high-risk mortgages … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Mar 2012 07:27 PM PDT In “7 Reasons Why The Jobs Recovery Is Real This Time,” the Associated Press details what I would consider to be the positive spin on a variety of economic and political developments [highlighted in red italic for clarity]. In the interest of fairness and balance, I thought it only right to annotate each of their bullet points with statistics, reports, and arguments that show things in a different light:
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| California Declares War On Raw Dairy Farmers Posted: 12 Mar 2012 07:23 PM PDT Natural News — “65-year-old senior citizen James Stewart, a California farmer with no criminal history, was nearly tortured to death in the LA County jail this past week. He survived a “week of torturous Hell” at the hands of LA County jail keepers who subjected him to starvation, sleep deprivation, hypothermia, loss of blood circulation to extremities, verbal intimidation, involuntary medical testing and even subjected him to over 30 hours of raw biological sewage filth containing dangerous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Manufacturing Boom In Michigan, Partly Due To Reshoring; U.S. Factories Are Competitive Again Posted: 12 Mar 2012 06:33 PM PDT Michigan-based Collegiate Bead Company, manufacturer of college and sorority beads, bracelets, and charms, is featured in the CBS Evening News segment above, and in this Detroit Free Press article. It’s an example of the reshoring trend now underway in the U.S. where manufacturing production and jobs are being brought back to the U.S. from China and other low-wage countries. Reasons? China’s cost advantages are shrinking due to rapidly rising costs there for wages, inputs, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EUR/USD Testing Resistance @ 1.3172 Posted: 12 Mar 2012 06:22 PM PDT The Euro got a little bit of a boost from a better than expected UK RICS housing price release which brought the EUR/USD up to a session high of 1.31716; testing resistance at the 61.8% on the move from the March 9th high down to yesterday's low. Currently resistance is holding; we may see possible support around 1.3158 where we find the 50.0% fibo line and the 200 bar moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Mar 2012 12:40 AM PDT I wrote back on February 22, 2012 to expect a period of consolidation and correction, but the intermediate trend remained up. Last week, we saw the stock markets decline for 1% or more on Tuesday. Since then, equities have been flat. There is no doubt that correction is here. Which analog? March 2011 or Dec 2010?
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