DailyMarkets.com - Mogavero: “Fundamentals Are Not Confidence-inspiring”

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• Mogavero: “Fundamentals Are Not Confidence-inspiring”
• Thursday Energy Links
• Drought Continues To Whittle Down Bean Crop
• Wall Street Down For Sixth Straight Session
• Euro Slips To Hit 2-year Low Against Dollar
• Stocks Slump Early On Global Economic Concerns
• Oil Slips 1% On FOMC Letdown
• Hillary Clinton Highlights US-Japan Relations

Mogavero: “Fundamentals Are Not Confidence-inspiring” Posted: 12 Jul 2012 11:11 AM PDT 07/12/12 Mogevero, Lee & Company’s Doreen Mogavero talks about the outlook for US equities, and the fundamental backdrop affecting global markets. The implications of a strong U.S. currency are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thursday Energy Links Posted: 12 Jul 2012 09:17 AM PDT 1. Pennsylvania’s electric generation rates are back to 1996 levels, thanks to competition and shale gas, according to John Hanger.  2. According to this IEA report on North American Tight Oil Breakeven prices, oil would have to fall below $44 per barrel before Bakken shale oil would become unprofitable, and below $50 per barrel before Eagle Ford shale oil would be unprofitable (see chart above). 3.  From Investor’s Business Daily: “After decades of rising prices, hostile … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Drought Continues To Whittle Down Bean Crop Posted: 12 Jul 2012 08:48 AM PDT Thursday, July 12th Soybean fundamentals remain extremely strong, as the hot, dry weather continues to take a toll on crops. Despite the extremely bullish fundamentals, some traders may be a bit cautious at these high price levels. Higher prices could eat into demand, as increased costs could cause crushers to curb their output. China continues to be the 800 pound gorilla in the room. If their economy suffers a hard landing, export demand could suffer. Fundamentals Soybean prices are lower for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Down For Sixth Straight Session Posted: 12 Jul 2012 08:13 AM PDT 07/12/12 US stocks extended losses, with the Dow falling by as much as 100 points. Global growth slowdown concerns, lack of Fed stimulus optimism and a stronger dollar – dragged stocks deeper into the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slips To Hit 2-year Low Against Dollar Posted: 12 Jul 2012 03:03 AM PDT 07/12/12 The euro was trading at 2-year low levels against the dollar Thursday morning as the FOMC’s minutes failed to lift hopes of austerity measures in the near … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Slump Early On Global Economic Concerns Posted: 12 Jul 2012 02:48 AM PDT 07/12/12 Global stock markets fell Thursday on fears growth may slow in China and after U.S. Federal Reserve minutes dampened hopes of monetary stimulus in the near … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slips 1% On FOMC Letdown Posted: 12 Jul 2012 02:47 AM PDT 07/12/12 Front month crude prices, despite an improvement in US jobs data, turned south Thursday morning, in line with global equities, as the FOMC minutes failed to lift hopes of more austerity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hillary Clinton Highlights US-Japan Relations Posted: 10 Jul 2012 07:48 AM PDT 07/12/12 Secretary of State Hillary Clinton discusses U.S.-Japan relations at a joint press conference with Japan’s Foreign Minister Koichiro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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