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Daily Highlights: 12.3.2010

Tyler Durden's picture





 
  • China calls for tighter monetary policy in 2011 as Beijing fights inflation.
  • Euro steady at $1.3209 in morning European trading.
  • Oil floats near $88 a barrel in Asia as economic indicators encourage hopes for stronger demand.
  • Retail sales in eurozone rose 0.5% in October.
  • Spain to approve measures to calm markets over bailout; may raise tobacco tax.
  • Trichet pressures governments to fix the debt crisis as he buys them time to ax budget deficits.
  • World stocks mixed on China’s economic policy.
  • Google vows for tougher copyright enforcement.
  • Hermes’ family shareholders to discuss ways they can sell stock without rival Louis Vuitton gaining control.
  • Ikea sees fortune rise by $3B; tops Swiss rich list for 9th straight year.
  • JPMorgan, Deutsche and Citigroup hire bankers as more strict capital rules reduce returns from investment banking.
  • Nissan shows off Leaf electric car in Japan.
  • Rio Tinto, Chinalco to explore for mineral deposits in China.
  • Sunoco to sell $400M refinery.
  • Toll Brothers posts 4Q profit, helped by a large tax benefit.
  • Walter Energy to buy Western Coal.

RECENT RATING ACTIONS

KEYCORP (KEY)
FIFTH THIRD BANCORP (FITB)
STEEL DYNAMICS INC (STLD)
COMMERCIAL METALS CO (CMC)
AGRIUM INC (AGU)
GREENBRIER COS INC (GBX)
CLEARWIRE CORP (CLWR)
BON-TON STORES INC/THE (BONT)
PEPSICO INC/NC (PEP)
DPL INC (DPL)
EXPEDIA INC (EXPE)
RIO TINTO PLC (RIO LN)

Data provided by Egan-Jones

 


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Fri, 12/03/2010 - 09:05 | Link to Comment scratch_and_sniff
scratch_and_sniff's picture

Good one Spain, let the evil smokers take the pain. Here is a better idea... since Spain is one siesta away from a coma, come around 2pm why don’t you go around waking everyone up so they can do a decent days work. .

Fri, 12/03/2010 - 09:11 | Link to Comment TheGreatPonzi
TheGreatPonzi's picture

Tyler, inflation is really out of control in China right now, and ZH should run more stories on the topic. For the first time since the 2008 blowup, the PBOC is really panicked.

There is a very slight line between high inflation and hyperinflation - once it's crossed, there is no turning back.

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