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Daily Highlights: 1.19.10
- 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.
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Data provided by Egan-Jones Ratings and Analytics
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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
"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.
What caused the spike in the futs? Uptrend has to be defended and market must no go down?
What caused the spike in the futs? Uptrend has to be defended and market must no go down?
"Florida farmers will sustain at least a 30% crop loss due to freezing temperatures."
Obligatory Trading Places reference goes here.
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.
I wonder if another bear market will be allowed?