Wednesday, December 5, 2012

DailyMarkets.com - Willis: “Broader Market…a Rising Tide (minus Apple)”

DailyMarkets.com - Willis: “Broader Market…a Rising Tide (minus Apple)”

Willis: “Broader Market…a Rising Tide (minus Apple)”

Posted: 05 Dec 2012 10:41 AM PST

12/05/12 Albert, Fried & Company’s Ben Willis talks equity levels and dissects global fundamentals. Expectations for this week’s rate decisions and US jobs report are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Steadies Before Inventory Data

Posted: 05 Dec 2012 04:47 AM PST

12/05/12 After logging their first loss in four sessions, oil prices remained steady Wednesday morning prior to the release of EIA inventory … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Euro Retreats On Data, Low Bond Auction Demand

Posted: 05 Dec 2012 09:47 AM PST

12/05/12 The euro retreated from a 7-week high against the dollar on Wednesday, knocked lower by lacklustre demand at a Spanish bond auction and weaker-than-expected euro zone retail sales … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Poland To Cut Rates Again If Economy Weak, Inflation Low

Posted: 05 Dec 2012 09:11 AM PST

    The central bank of Poland, which earlier today cut its benchmark interest rate, said it would cut rates further if the economic slowdown is protracted and inflationary pressures remained limited.
    The National Bank of Poland (NBP) said it cut its reference rate earlier today by 25 basis points to 4.25 percent to support economic activity and reduce the risk that inflation falls below the bank’s target due to lower economic growth that will tend to restrain wages and … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Turn Lower, Citi Soars

Posted: 05 Dec 2012 08:18 AM PST

12/05/12 US stocks opened mixed, but turned lower as a resolution to the ‘fiscal cliff’ continues to be awaited. Citigroup shares advanced after the company announced restructuring … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Asian Markets Rally & Euro Area Data Slips

Posted: 05 Dec 2012 03:11 AM PST

12/05/12 Asian markets were higher overnight on strong Chinese data. Meanwhile, eurozone retail numbers and PMI figures were not … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Detroit Councilwoman Wants Obama-Money

Posted: 05 Dec 2012 07:23 AM PST

The political game of "quid pro quo", that is "payola", used to have a degree of discretion. No longer.
In a bold and blatant message provided by Detroit City Council member JoAnn Watson, the racket of political payoff comes out of the backroom for all the world to see. Is this what the future of America looks like? The misguided and ill-conceived policies of ineffective politicians and their cronies take their case to Washington for a bailout from their friends in high places.
Many of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Poland Cuts Key Rate By 25 Bps To 4.25%

Posted: 05 Dec 2012 06:58 AM PST

    Poland’s central bank cut its reference interest rate by 25 basis points to 4.25 percent, as widely expected, along with other key bank rates. The bank’s Monetary Policy Council will explain its decision at a news conference later today.
    The National Bank of Poland (NBP) has now cut its benchmark rate by a net 50 basis point this year. In February the NBP cut its rate but then raised it in May in response to inflationary pressure. But then the bank cut rates in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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