Archive - Jul 21, 2010

• Asian stocks gain on Apple profit; Dollar drops before Bernanke testimony.
• BOJ Deputy Yamaguchi says volatility rising in sign of Japan recovery risk.
• China stocks rise for 3rd day on new energy, domestic consumption policies.
• Finance Ministry sells 7-year China bonds at 2.76% yield, trader says
• Oil rose above $78 a barrel.
• Senate set to approve extension of US unemployment benefits for millions.
• U.S. Census Bureau said single-family housing starts in June fell by 0.7%.
• Apache confirms it will accquire BP assets in Permian Basin, Canada and Egypt for $7B.

CNBC (the world’s biggest Goldman cheerleader) reports “Goldman Sachs’ Revenue Falls, but Profit Beats Views” even as Bloomberg reports “Goldman Sachs Profit Falls 82%, Misses Estimates on Trading-Revenue Drop”. Whoah… It’s hard to get a straight answer out of these news guys, ain’t it?

RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 21/07/10