Tuesday, March 26, 2013

DailyMarkets.com - Hot Option Plays: Stocks Higher On Data Midday

DailyMarkets.com - Hot Option Plays: Stocks Higher On Data Midday

Hot Option Plays: Stocks Higher On Data Midday

Posted: 26 Mar 2013 11:18 AM PDT

Midday 03-26-2013
Stock market averages are higher following a round of mixed economic news Tuesday. A report released early on Durable Goods was up 5.7 percent in February and better than the 3.8 percent that was expected. However, Consumer Confidence for March declined to 59.7 in March, from 68.0 and well below expectations of 66.9. A third report on New Home Sales dropped to an annual rate of 411k in February, from 431K and also below economists’ forecasts of 426K. Stock index futures … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Corn Rally Stymied On Lackluster Exports

Posted: 26 Mar 2013 09:18 AM PDT

Monday, March 25, 2013
The coming week will likely see grain traders busily squaring positions ahead of the highly anticipated prospective plantings and grain stocks report due out Thursday morning. This report has had a history of producing volatile price reactions in the grain complex, as any deviation from pre-report estimates can produce large price moves as traders adjust their outlook to the new information.
Fundamentals
The recovery in Corn prices the past several sessions stalled on … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Farmers’ Winter Wheat Woes

Posted: 26 Mar 2013 09:18 AM PDT

Tuesday, March 26, 2013
Wheat traders are awaiting this Thursday’s USDA data, which is expected to show tighter supplies and only a modest increase in plantings in the next crop year. The Great Plains region of the country has been ravaged by the winter drought and slow start to the Winter Wheat growing season. KC Wheat is currently trading at a 30 cent premium over Chicago Wheat. If reports of abandonment of Winter Wheat crops are true, this premium could swell.
Fundamentals
Wheat futures have … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hungary Cuts Base Rate For Eight Time In A Row To 5.0%

Posted: 26 Mar 2013 07:27 AM PDT

    Hungary’s central bank cut its base rate by 25 basis points to 5.0 percent, it’s eight rate cut in a row, the National Bank of Hungary (MNB) said in a brief statement.
    The rate cut was widely expected and it was the first council meeting chaired by the central bank’s new president, Gyorgy Matolscy, former economy minister.
    The MNB has cut rates by 200 basis points since it embarked on its easing cycle in August 2012.
    Last month the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Mar 26, 2013: Cyprus Banks Remain Closed To Avert Run On Deposits

Posted: 26 Mar 2013 06:03 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Cyprus banks remain closed to avert run on deposits (Reuters)
Dallas Fed favoring reduced asset purchases on U.S. recovery (Bloomberg)
Dudley sees ‘very accommodative’ policy on weak job market … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Update On Cyprus: Russian Banking Ingenuity

Posted: 26 Mar 2013 05:51 AM PDT

With the news that the larger depositors (i.e, those accounts with greater than EU100,000) in Cypriot banks will bear the brunt of the burden of the bailout and bail-in, one would think this might incite fear and outrage amongst this crowd.
These depositors are being prepped to lose upwards of 40% of their holdings. Many of these depositors are known to be Russian businessmen.
Who knows what the future holds for the island nation of Cyprus, but if we were to believe some of what we read in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Turkey Holds Key Rate, But Cuts Overnight Lending Rate

Posted: 26 Mar 2013 05:49 AM PDT

    Turkey’s central bank kept its benchmark one-week repo rate steady at 5.5 percent but narrowed its interest rate corridor again by cutting the overnight lending rate, saying the recent increase in global uncertainties had lead to a slowdown in capital inflows.
    The Central Bank of the Republic of Turkey (CBRT) cut the overnight lending rate, the ceiling of the interest rate corridor, by 100 basis points to 7.50 percent. The central bank, which started narrowing the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Market Correction: On The Horizon…or Not?

Posted: 25 Mar 2013 02:54 PM PDT

03/26/13 DME Securities’ Warren Meyers and Rockwell Global Capital’s Peter Cardillo weigh in on the presumption that an equity market correction is on the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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