This page has been archived and commenting is disabled.

Daily Highlights: 10.11.2010

Tyler Durden's picture




 
  • Asian currency tensions bubble as dollar falls.
  • Asian shares rise on QE expectations; Yen hits 15-year high against dollar.
  • China fends off pressure on Yuan, keeps gradual gain.
  • Euro above $1.40 mark again after poor jobs data.
  • Freeze on foreclosures could undermine recovery in housing market.
  • Global finance chiefs fail to resolve exchange-rate spat as G-20 splinters.
  • IMF can give Greece more time to repay loan if needed, Strauss-Kahn says.
  • India to raise stake in banks as 'cushion' before share sales.
  • India, Thailand amongst EM Govts threatening intervention on FX economy threat.
  • OPEC may maintain oil output at Vienna meeting on uneven economic growth.
  • US will try to intensify pressure further on China over its exchange-rate policy.
  • Yuan rises against the U.S. dollar following a record low dollar-yuan central parity.
  • Barclays falls as Abu Dhabi Sheikh buys protection on stock from Nomura.
  • Cnooc unit to pay $1.08B for stake in Chesapeake Energy gas project.
  • Cypress Bioscience to sell its diagnostic business to Exagen Diagnostics Inc.
  • Electrolux to acquire a majority stake in Olympic Group for approximately $248M.
  • Energy Future Hldgs expects to take a $4B charge in Q3 on weak electricity prices.
  • FriendFinder Networks plans to sell $296M of secured first-lien notes due 2013.
  • Genzyme will evaluate alternatives incl reaching out to other companies,
  • to thwart $18.5B hostile bid from Sanofi.
  • Google tests self-driving cars that may improve safety, reduce emissions.
  • Mercedes to recall 85,000 of its cars because of potential steering problems.
  • Nokia Oyj rises up to 2.7% in Helsinki trading after Goldman Sachs raises its price target.
  • Potash Corp. is working on a plan to break itself up to head off takeover bid from BHP.
  • QR National seeks up to $5B in Australia's biggest IPO in a decade.
  • Spain's BBVA to aggressively expand its investment bank in Latin America.
  • Temasek's Mapletree Industrial said to raise $654M in stock offer.
  • Vornado Realty Trust acquires ~9.9% of JC Penney Co.

Earnings Calendar: APAGF, EMMS, FSBI, FSBK, GPN, LUB, MTG, SUBK, ZEP.

RECENT RATING ACTIONS

AMAZON.COM INC (AMZN)
ALCOA INC (AA)
ENERGIZER HOLDINGS INC (ENR)
LIN TV CORP (TVL)
AMERISOURCEBERGEN CORP (ABC)
AGCO CORP (AGCO)
ALASKA AIR GROUP INC (ALK)
GENERAL DYNAMICS CORP (GD)
ASHFORD HOSPITALITY (AHT)
PEPSICO INC/NC (PEP)
CHESAPEAKE ENERGY CORP (CHK)
CONSTELLATION BRANDS INC (STZ)

Data provided by Egan-Jones

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 10/11/2010 - 08:21 | 640530 brownstein00
brownstein00's picture

you get the feeling something will be done for a stick save the big banks on this foreclosure debacle...will the powers that be really let the big banks go down now

Mon, 10/11/2010 - 08:29 | 640541 unum mountaineer
unum mountaineer's picture

true. but do you get the feeling the powers that be are punch drunk, bewildered by the predicament, and are becoming very sloppy in their attempts to maintain status quo-like feel. at what point does this beast feel cornered..at what point will the beast pin back its ears and make one final go at it? not a Debby-downer, but....

Mon, 10/11/2010 - 08:43 | 640561 A Man without Q...
A Man without Qualities's picture

It's a huge problem for moving forward on QE2.  Basically, Fed gives money to the banks for them to "invest" as they choose, causing a big spike in commodity prices, while in the background the evidence of widespread fraud by the very same banks continues to mount, house prices turn lower and jobs market shows no improvement.  This might be the series of events that causes the silent majority to finally snap. 

The mortgage problems are simply too big to be swept aside and because it concerns housing, it's something people can understand.....

Mon, 10/11/2010 - 11:35 | 640897 gwar5
gwar5's picture

I think Greece is paying an 11% interest rate or something. They should just borrow from Bernanke, he's giving it away. If they default, they can challenge the notary.  

Wed, 10/27/2010 - 08:17 | 680029 daniel
daniel's picture

ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. cheap vps company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages................  windows vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customer price. Thanks forex vps | cheap hosting

 

Do NOT follow this link or you will be banned from the site!