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Daily Highlights: 11.30.09

Tyler Durden's picture




 
  • Asian stocks, currencies rise on optimism Dubai World losses won't spread.
  • Bernanke says legislation limiting Fed independence Would 'impair' economy.
  • China’s stocks rose after government pledged to maintain stimulus policies next year.
  • India's GDP accelerates to 7.9%, may spur stimulus withdrawal.
  • Japan's Fuji denies ruling out intervention in foreign exchange markets.
  • Stocks in Dubai fall the most in a year on concern Dubai World may default.
  • Thanksgiving Sales attract more shoppers, less average spending: Natl Retail Asso.
  • Two-Year Treasuries extend rally fifth week on view Fed rates stay on hold.
  • UAE. Central Bank says it 'stands behind' lenders, offers loan facility.
  • UK House Prices rose 0.2% in November as home supply shortage persists.
  • American Capital entered into agreement with lenders holding 95% of its credit line to support a plan to avert bankruptcy.
  • Coal glut rocks mining companies, output cuts likely as reduced utility, factory demand weighs on prices.
  • Geely reaches deal with Ford on IPR in its bid for it's Volvo unit.
  • GM's Saab has received serious expressions of interest from potential buyers.
  • ING priced its $11.2B rights issue at a hefty discount, proceeds to repay half the state aid.
  • Sands China shares drop on Hong Kong trading debut after $2.5B IPO.
  • ShopperTrak: Black Friday Retail Sales Up 0.5% Vs. 2008
  • Sina Corp. said 3 invt firms are joining its management to invest $180M into the firm.
  • Sweden unlikely to relax loan rules to finance Saab rescue, Official says.

Economic Calendar: Data on Chicago PMI to be released.

Earnings Calendar: ALOY, NRGP, OVTI, TLVT, UNFY.

Companies to watch: Alloy, Inergy Holdings, Omnivision Technologies, Telvent, Unify Corporation.

Recent Egan-Jones Rating Actions
ARCH COAL INC (ACI)
ORBITAL SCIENCES CORP (ORB)
ROCKWELL COLLINS INC (COL)
BARNES & NOBLE INC (BKS)
CHESAPEAKE ENERGY CORP (CHK)
CLEARWIRE CORP (CLWR)
HJ HEINZ CO (HNZ)
FMC CORP (FMC)
WENDY'S/ARBY'S GROUP INC (WEN)
TYSON FOODS INC (TSN)
HORMEL FOODS CORP (HRL)
NCR CORP (NCR)
ANIXTER INTERNATIONAL INC (AXE)

Data provided by Egan-Jones Ratings and Analytics

 

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Mon, 11/30/2009 - 10:02 | 146126 Anonymous
Anonymous's picture

"Asian stocks, currencies rise on optimism Dubai World losses won't spread."

Of course losses won't spread. The problems associated wit debt and Dubai are "contained", right?

Mon, 11/30/2009 - 10:22 | 146142 ptoemmes
ptoemmes's picture

From our "fave" WEbsite - that would be CNBS

Asian Stocks Rebound as Dubai Jitters Fade

followed by

Euro Shares Fall on Dubai Fears; Banks Slip

and soon to be revealed

Futures Edge Lower Amid Dubai Worries

I am worried about whether I should be worried or not ;-)

Pete

 

Mon, 11/30/2009 - 10:28 | 146147 Screwball
Screwball's picture

The pump monkey's are in full swing this morning.  At CNBC(S) everything is good, everything is a buy, today and always.  Buy, buy, buy.

They also said the Vampire Squid upgraded all the steel companies.  I'm not sure I get that.

Mon, 11/30/2009 - 10:52 | 146166 gatopeich
gatopeich's picture

Can't help thinking it: steel is needed to build... prisons.

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