Friday, November 9, 2012

DailyMarkets.com - US Delays Start Of Basel III Bank Rules, No New Date Set

DailyMarkets.com - US Delays Start Of Basel III Bank Rules, No New Date Set


US Delays Start Of Basel III Bank Rules, No New Date Set

Posted: 09 Nov 2012 10:13 AM PST

    The United States has delayed indefinitely the implementation of new tougher banking standards, known as Basel III, beyond the internationally-agreed date of January 1, 2013.
    Under Basel III, banking regulators worldwide would have raised capital charges around three times and imposed stricter supervision, especially on major banks such as Citigroup and JP Morgan Chase, to prevent a repeat of the 2008 global financial crises.
    Although … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


IShares Dow Jones US Oil Equipment & Services Index Fund (IEZ) : Take Profit @ $4805

Posted: 09 Nov 2012 09:18 AM PST

Hot Option Plays: Major Indices Finish Below 200-Day SMA After Hours

Posted: 09 Nov 2012 09:18 AM PST

Cusick’s Corner 11-08-2012
Shorts were still hitting the bounces in equities, while the Crude markets have firmed and Energies, XLE, found some traction into the After Hours. Utilities, XLU, also found a bit of wind in the last 60 minutes. There was acquisition news, Priceline and Kayak announced a deal and peers are moving on this news. Sentiment will be the focus in the pre-market Friday when the Michigan sentiment number comes out, this reading gives a good pulse on the consumer in respect … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Weather Concerns Supporting Wheat Prices

Posted: 09 Nov 2012 09:18 AM PST

Friday, November 9, 2012
Weather forecasts will likely be a key factor in the next direction for Wheat prices, as several major exporters, including the U.S., Australia and Europe, are facing less than ideal conditions for their Wheat crop.
Fundamentals
One of the few commodity markets that traded higher after the U.S Presidential election results were announced was the Grain Complex, particularly the Wheat market where a weaker U.S. Dollar, tighter global supplies and drought conditions … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


IShares MSCI Brazil Index Fund (EWZ) : Take Profit @ $5284

Posted: 09 Nov 2012 09:16 AM PST

IShares Dow Jones US Oil & Gas Exploration & Production Index Fund (IEO) : Take Profit @ $6020

Posted: 09 Nov 2012 09:16 AM PST

US Stocks Turn Higher After Consumer Data

Posted: 09 Nov 2012 07:53 AM PST

11/09/12 US stocks came off earlier lows following consumer sentiment data. Earnings results weighed on Disney and Groupon … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Global Stocks Drop, Groupon Hits All-time Lows, & Fiscal Cliff To Be Addressed

Posted: 09 Nov 2012 02:45 AM PST

11/09/12 Global stocks were again in the red as eurozone health worries continued to grow. Meanwhile, Groupon shares hit all-time lows, Allianz soars, and politicians set to address the fiscal … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Obama’s Re-election: ‘Patience And Fortitude’ Is A Good Mantra For Gold And Silver

Posted: 09 Nov 2012 06:46 AM PST

What Obama's re-election means for gold
'Patience and fortitude' is a good mantra for gold, says analyst
So what's a precious-metals investor to do following Obama's win?
"Wait for any initial reaction to subside," said Jeb Handwerger, a natural-resource analyst and editor of GoldStockTrades.com.
Gold and silver held up well despite a more than 300-point selloff Wednesday in the Dow Jones Industrial Average.
Given the gold market's post-election moves, "patience and … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Russia Holds Rate, Keeps Eye On Impact Of Last Rate Hike

Posted: 09 Nov 2012 06:27 AM PST

    Russia’s central bank held its benchmark refinancing rate steady in October, as expected, saying inflation expectations had eased following its recent rate hike, certain food prices had dropped and there were few upward price pressures from demand.
    The Bank of Russia, which surprised markets by raising rates in September to the current 8.25 percent, said it would continue to keep track of inflation risks and “the consequences of the monetary tightening for the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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