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Daily Highlights: 2.22.10

Tyler Durden's picture




 
  • Asian stocks, oil advance as US interest rate concern eases; Yen weakens.
  • China mustn't "bow before external pressures" on trade policy: Chinese Trade Ministry.
  • China received $8.13B in foreign direct investment in January, up about 7.8%.
  • Crude oil rises above $80 on speculation economic recovery to spur demand.
  • U.S. consumer prices rose 0.2% in January, less than economists forecast
  • World markets recover from drop following Fed move
  • Yuan strengthened the most in 11 months on speculation govt will allow more flexibility.
  • Aramco and Total said to hire bankers to sell Sukuk for Saudi Jubail refinery
  • BP and Shell cost cuts may falter as drilling threatens oil inflation revival
  • Dai-Ichi Mutual Life Insurance gets regulatory approval to list on April 1, to raise $11.8B.
  • Dutch parcel delivery co., TNT's, Q4 net falls 57.6% to €25M on one-off charges and impairments. Sales rose 0.5% to €2.95B.
  • EMI exploring possibility of partnering with a third party to revitalize Abbey Road Studios.
  • Ford’s $1.6B US investment plan will retool plants to build fuel-efficient autos.
  • India's Reliance Industries said to increase bid for bankrupt Lyondell to about $14.5B.
  • JC Penney's Q4 net falls 5.2% to $200M on a pension charge. Sales fell 3.6% to $5.55B.
  • LME formally approaches Baltic Exchange to jointly develop an exchange for freight derivatives.
  • Lowe's Jan net income rises from $162M to $205M.
  • PG&E Corp.'s Q4 net falls 47% to $273M on year-ago tax gain.
  • Reliance said to increase bid for Bankrupt Lyondell to about $14.5B
  • Sapient Corp. posted Q4 net of $70.1M, beating est. Revs up 11% at $191.3M.
  • Schlumberger plans to acquire Smith International Inc. for $11B in an all-stock deal.
  • STX Group Companies rise after ruling out Daewoo bid
  • Toyota Motor Corp. saved $100M through a “negotiated” recall of cars.

Earnings Calendar: ABK, ADLR, AES, AMSF, ATX, BX, CEG, COG, CSA, CSE, DPZ, DY, DYN, EP, FNM, GAS, JWN, KG, LIZ, MGA, NOVL, NRG, OCR, TASR, Y.

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Data provided by Egan-Jones Ratings and Analytics

 

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Mon, 02/22/2010 - 09:53 | 240089 Anonymous
Anonymous's picture

"•U.S. consumer prices rose 0.2% in January, less than economists forecast"

Wasn't that Friday?

Mon, 02/22/2010 - 10:00 | 240091 Racer
Racer's picture

Interest concerns ease after that fiddled figure out last Friday!!!

 

Things must be very bad if they are resorting to fiddles to prop the market up, but with the aid of the squid looks like they did it yet again and lured more fools into the market

Mon, 02/22/2010 - 10:11 | 240101 DavidC
DavidC's picture

When it goes, it'll go big time...

DavidC

Mon, 02/22/2010 - 13:09 | 240230 poor fella
poor fella's picture

This would be an easy fix if instead of counterfeit dollars, the Fed would print yuan. Flood the world with yuan, and buy back debt with a stronger dollar. It's about their last option - after selling gold, holding tungstun, inflating currency locked up in banks and bonuses, and rates at nada.

The WalMart crowd would cheer for even cheaper crap and we could crack the back of oil prices and knock GS' and JPM's dick in the dirt. We could even start to see "25 Cents" stores again.

Who knows how many dollars the Chinese are printing but in a war to print other countries' currency - we should kick serious ass - since we're so good at printing our own.

Sat, 04/17/2010 - 10:46 | 305583 Tom123456
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