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Market Wrap 6.29.09
In the absence of our daily CDS market closing commentary (some people actually enjoy taking vacations), I provide you with RANsquawk's equity and credit EOD wraps.
Equities finished higher, in spite of economic data not meeting analyst estimates, as higher WTI prices helped push indices higher. As a result of gains in WTI prices, energy majors posted solid gains, with Exxon (2.22%) finishing a leading gainer in S&P 500 index. Also, giving boost to the S&P 500 index was Microsoft (2.18%) after both Collins Stewart and Deutsche Bank raised the price target estimate on the stock. Later in the session saw some positive Ford (+3.03%) comments, with the auto maker saying that the H2 will be an improvement on H1. Moreover, the session saw indices trade sideways for much of the day amid a light calendar and lower volumes. At the closing bell DJI closed up 1.08% at 8529.38, S&P 500 closed up 0.91% at 927.23 and NASDAQ100 closed up 0.25% 1483.83.
Apollo Group – Q3 adjusted EPS USD 0.85 vs. Exp. USD 1.12, Q3 revenue USD 1.053bln vs. Exp. USD 1.038bln. (BBG)
Overnight trade saw Treasuries benefit from comments by PBOC’s Zhou who said that FX reserve policy is stable-consistent, targeting safety and return. As a result, at the pit open USTs moved higher and built on gains after lower than expected Chicago Fed data put pressure on equities. Later on saw Treasuries move off their best levels of the session but still trade in slight positive territory. Finally, at the pit close T-notes finished up 1+ ticks at 116.145
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Those Chinese Central bankers have the gift of the gab! One swoop of the tongue and Treasuries are A-OK again....insane!
Congrats on the new site Tyler and ZeroHedge!
Cheers!!
P.S Do you know why my avatar and signature are not showing with this comment? Do they not appear in the comment section? Just curious.
Not yet. On the list to add.
:)
Marla,
Didn't see an admin email.
Created a new account this AM - never got an email.
Requested a new password just now - and got no email.
Good chance I fat fingered the email address. If so I'll punch myself in the nose - k?
ptoemmes
ptoemmes at bellsouth dot net
DAMN GOOD SITE.
Pete
Same thing happened to me with gmail -- gmail sent the emails to the spam folder. You'll find them there.
Certainly possible, but I am using an old LookOut (OutLook) client and they aren't on my local machine. Nothing in MailGuard using the Webmail client direct to webmail.att.net, but still I suspect you may be correct and att may be simply rejecting them.
All that's powered by Symantec and...well I've said enough.
It's a conspiracy I tell you.
Pete
Dear ZH team,
Please please consider changing the format of your RSS feed to include the full text of articles (similar to what blogspot did for you). Some of us read your site on offline RSS readers (iphone, blackberry) while commuting via subway or other offline means. Having only a snipppet of the story in the RSS feed really limits the usefulness of the feed for some of your users.
Love the site, keep up the great work!
I found my admin email in my junk box--I use a gmail account. It showed up within one monute from me submitting my information.
Just an FYI
good job
A few wrinkles are inevitable ZH, stick with it, every educated sane person worldwide is behind you unless they are a banker or politician.