This page has been archived and commenting is disabled.

Daily Highlights: 1.19.10

Tyler Durden's picture




 
  • Asia stocks drop for second day on earnings as metals rise, Dollar weakens.
  • China shares mixed on policy uncertainty; resources up on higher commodity prices.
  • Crude Oil rises for first time in six days on weaker Dollar, China demand.
  • EU expresses confidence Greece will resolve debt crisis, refuses to discuss bailout.
  • Euro up slightly to $1.4402 as top eurozone official expresses confidence in Greece over debt.
  • Florida farmers will sustain at least a 30% crop loss due to freezing temperatures.
  • German investor confidence drops again in January amid expectations of slow recovery.
  • Japan consumer confidence falls to a six-month low as stimulus boost wanes.
  • UK house prices posted their largest YoY gain for nearly two years in December.
  • Yen climbs to four-week high versus Euro on speculation recovery weakening.
  • Alibaba slammed Yahoo for publicly supporting Google in its conflict with Chinese govt.
  • Allianz SE expects to make a sustained return on investment of 4.5%-5% long-term: CEO.
  • Anglo American PLC is preparing to sell its zinc assets worth up to $800M.
  • ArcelorMittal and BHP Billiton in talks on merging iron ore mining in W. Africa.
  • Citigroup reports a $7.6B loss for Dec. 2009.
  • China XD Electric set a lower-than-expected price range for its IPO, to raise $1.5B.
  • Eni SpA in talks to buy the Austrian subsidiary of Exxon Mobil Corp.
  • GDF Suez confirmed it has ended talks over an industrial tie-up with International Power.
  • India's Steel Authority of India Ltd. to spend $10B on capital expenditure by 2012-2013.
  • J&J is accused of kickbacks to Omnicare on drug sales.
  • JAL, Delta Air Lines reach agreement on code-sharing flight services among others.
  • Japan Airlines expected to file for bankruptcy protection; to announce delisting of its stock.
  • JP Morgan's Q4 net quadrupled, to $3.3B, but fell 9% from Q3; outlook clouded.
  • Kraft to pay $19.7B for Cadbury takeover after raising bid.
  • Reader's Digest magazine is set to exit bankruptcy under the control of its lenders.
  • Sony Corp. is targeting a 50% YoY rise in LCD TV sales to about 23M units in FY2010.
  • Tullow Oil to exercise preemption right for Ugandan oil stakes put up for sale by Heritage Oil.
  • Tyco International plans to buy Brink's Home Security Holdings for $2B.
  • Verizon, AT&T escalate pricing war, race to drop calling-plan prices.
  • Warren Buffett wants to increase his stake our company: Posco CEO.
  • Williams Cos. to merge two of its natural gas pipeline & energy-processing units.

RECENT RATING ACTIONS

STAR GAS PARTNERS LP (SGU)
ARCELORMITTAL (MT)
TEEKAY CORP (TK)
FIFTH THIRD BANCORP (FITB)
MANITOWOC CO INC/THE (MTW)
JPMORGAN CHASE & CO (JPM)
BON-TON STORES INC/THE (BONT)
AGRIUM INC (AGU)
INTEL CORP (INTC)
BUCKEYE PARTNERS LP (BPL)
AMGEN INC (AMGN)
FOREST OIL CORP (FST)
WHIRLPOOL CORP (WHR)

Data provided by Egan-Jones Ratings and Analytics

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 01/19/2010 - 10:05 | 198156 Anonymous
Anonymous's picture

Fe-fe fi-fi fo-fo fum
I smell a policy moratorium
Coakley/Brown, Coakley/Brown
She's a clown, yes she's a clown

Who walks through the White House cool and slow
Who calls the Prez Mr Daddy-O
Coakley/Brown, Coakley/Brown
She's a clown, yes she's a clown

Tue, 01/19/2010 - 10:10 | 198161 john_connor
john_connor's picture

"Euro up slightly to $1.4402 as top eurozone official expresses confidence in Greece over debt."

Euro is trading at $1.4269 as I type this.

Tue, 01/19/2010 - 10:18 | 198166 Anonymous
Anonymous's picture

What caused the spike in the futs? Uptrend has to be defended and market must no go down?

Tue, 01/19/2010 - 10:18 | 198169 Anonymous
Anonymous's picture

What caused the spike in the futs? Uptrend has to be defended and market must no go down?

Tue, 01/19/2010 - 10:32 | 198181 Anonymous
Anonymous's picture

"Florida farmers will sustain at least a 30% crop loss due to freezing temperatures."

Obligatory Trading Places reference goes here.

Tue, 01/19/2010 - 11:13 | 198217 Anonymous
Anonymous's picture

https://www.dresdner-privat.de/mis/charts/charts_pvk?Rc=SPc1&Idx=&Titel=... Future&Df=j&go=j&Wf=j&Ho=335&Br=350&An=none&Ct=l&Xt=j&La=DE&drawFrame=lo&srscale=j&slscale=j&Lg=n&Sc=a&Zs=1&Za=&St=&Et=&savg=j

10 points pump just in time to accomplish a green opening.

Tue, 01/19/2010 - 12:42 | 198299 Psquared
Psquared's picture

I wonder if another bear market will be allowed?

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