DailyMarkets.com - Meyers: “Underlying Upward Momentum In This Market”

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• Meyers: “Underlying Upward Momentum In This Market”
• Georgia Cuts Rate By 50 Bps As Inflation Seen Below Target
• Botswana Holds Rate Steady, Inflation Outlook Still Positive
• Is Gold Not So “Precious” In Traders’ Minds?
• Global Stocks Mixed, Retail Sales Barely Move, & M&A News In Focus
• Dollar Up Vs. Yen, Down Vs. Euro On Retail Sales Data
• Oil Rises Above $98 On OPEC
• US Stocks Mixed As Dow Approaches Record High
• Raising The Minimum Wage Is A Job Killer
• Crude Oil Aims Higher On Risk Appetite, Gold Awaiting Trigger

Meyers: “Underlying Upward Momentum In This Market” Posted: 13 Feb 2013 10:26 AM PST 02/13/13 DME Securities’ Warren P. Meyers discusses the market reaction to global data, earnings and the State of the Union address. Technical levels for the S&P futures are touched … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Georgia Cuts Rate By 50 Bps As Inflation Seen Below Target Posted: 13 Feb 2013 09:41 AM PST     Georgia’s central bank cut its benchmark refinancing rate by 50 basis points to 4.75 percent as inflation is forecast to below the bank’s 6 percent target in the second half of 2013.     The National Bank of Georgia, which cut rates by 150 basis points in 2012, said preliminary data showed that economic activity slowed in the fourth quarter,  indicates a decline in prices.     Lending activity remains low, due to low demand which is expected to weaken … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Botswana Holds Rate Steady, Inflation Outlook Still Positive Posted: 13 Feb 2013 09:25 AM PST     Botswana’s central bank held its Bank Rate steady at 9.5 percent, saying the medium-term outlook for inflation remains positive, despite unfavourable short-term developments, and the current policy stance is consistent with inflation hitting the bank’s 3-6 percent target.     The Bank of Botswana, which has held rates steady since December 2010, said domestic economic output grew by 7.7 percent in the 12 months to September 2012, with non-mining Gross Domestic Product up … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Is Gold Not So “Precious” In Traders’ Minds? Posted: 13 Feb 2013 09:18 AM PST Wednesday, February 13, 2013 Starting in mid-December of last year, there was a noticeable divergence in the performance of Gold prices versus those of the S&P 500. During this time period, we saw the S&P move to new highs at the same time Gold prices turned weak. This was not the case throughout most of 2012, where both the movements of Gold and the S&P were more closely aligned. It would appear on the surface that investments in Gold were being liquidated and the proceeds being … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Stocks Mixed, Retail Sales Barely Move, & M&A News In Focus Posted: 13 Feb 2013 03:55 AM PST 02/13/13 Wednesday morning saw mixed results for global stocks following the State of the Union speech. Meanwhile, advanced US retail sales barely budge and M&A news dominates … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Up Vs. Yen, Down Vs. Euro On Retail Sales Data Posted: 13 Feb 2013 03:31 AM PST 02/13/13 The dollar pared gains against the Japanese yen and briefly extended losses versus the euro on Wednesday after U.S. data showed retail sales in January barely … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Rises Above $98 On OPEC Posted: 13 Feb 2013 03:28 AM PST 02/13/13 The price of oil rose slightly Wednesday mooring, adding to gains just one day after OPEC upgraded its forecast for global crude … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Mixed As Dow Approaches Record High Posted: 13 Feb 2013 08:16 AM PST 02/13/13 US stocks opened mixed with the Dow straddling the 14K level. US retail sales eked out a small gain last month, as consumers remained cautious amid tax … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Raising The Minimum Wage Is A Job Killer Posted: 13 Feb 2013 06:56 AM PST I would like to think that I have a heart and detest the fact that there are millions of people living in poverty in our nation. This said, basic economics is less a function of what is one's heart than what is in one's head. The number of people living in poverty in America is now approaching a 50 year high. That fact is certainly regrettable but President Obama's call to increase the minimum wage is not the answer to this problem.  I am sure that many people with big … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil Aims Higher On Risk Appetite, Gold Awaiting Trigger Posted: 13 Feb 2013 06:00 AM PST Crude oil prices are aiming higher amid a broad-based swell in risk appetite while gold looks to Fed chatter and the QE outlook in hopes of finding direction cues. Talking Points Crude Oil, Copper Aim Higher Amid Broad Increase in Risk Appetite Gold and Silver Look to US Dollar for Direction, Fed Chatter in Focus Crude oil is shrugging off an overnight report from the IEA that saw the agency cut its 2013 demand outlook, pushing to a two-week high amid a swell in market-wide risk appetite. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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