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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 | Link to Comment Anonymous
Mon, 11/30/2009 - 10:22 | Link to Comment 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 | Link to Comment 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 | Link to Comment gatopeich
gatopeich's picture

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

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