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News Brunch: Friday 1.8.10
A healthy smattering of today's "news", fit for digital consumption.
'News' 'o the day
China Approves Stock Index
Futures, Margin Trading, Short Sales (Bloomberg) ~ a left hook to Chanos' credit concerns / valuation
Swiss Regulator Broke Law
on UBS Client Disclosure, Court Rules (Bloomberg) ~ and a right cross to Lady Justice' gut
CFTC To Hold Open Meeting On A Proposed Position Limits Rule (Mondo Visione) ~ (CFTC) will hold a
public meeting on Thursday, January 14, 2010, to consider issuance of a proposed
rule on energy position limits and hedge exemptions on regulated futures
exchanges, derivatives transaction execution facilities and electronic trading
facilities ... Phibro and J. Aron gulp hard
Swiss court fines speeding millionaire $290,000 (AP) ~ and you thought you were pissed about 2 points on your license
Report: MLB, Japan champs could play (ESPN) ~ The United States and Japanese baseball champions could meet in a
Global World Series
Bloomberg
Merkel’s Poll Rating Falls to 3-Year Low on German Job Concerns ~ what will BO be doing the day after the 2013 inauguration
China CSRC Confirms It Has Approved Margin Trading ~ credit bubble placed into warp-speed overdrive
London’s Investment Banks Double Pay to Lure Back City Talent ~ main street cringes
Microsoft Introduces Touch-Screen Tablet Computer ~ take that Jobsie
Even $4.9 Trillion Doesn’t Ensure Respect Today: William Pesek ~ where is Japan Post when ya need it?
Turner Plan on ‘Socially Useless’ Trades Make Bankers See Red ~ Marx rolls over in grave
Rand Falls for First Week
in Three as Gold Price, Reserves Drop ~ precious metals at make-it-or-break-it technical levels
U.K. Producer Prices Jump
More Than Twice as Much as Forecast ~ inflationary fears fully stoked
China Mobile Fires Vice
Chairman for ‘Irregularities’ ~ hello moto
Europe’s Jobless Rate
Unexpectedly Hits 11-Year High ~ unexpectedly, really?
Seven Killed in Karachi
Explosion, Foreigners Ordered to Leave ~ vaca in karachi ends abruptly
Societe Generale Plans to
Group Risky Assets Into French Unit ~ wonders who the next nick leeson will be
Eurostar Limits Channel
Tunnel Trains Amid Cold Snap ~ it be cold & snowy
China Braces for More Snow as Freeze Hits Northern Hemisphere ~ it's frickin freezing everywhere but the equity / commod / HY landscapes
Corn, Wheat Extend Losses
on Declining U.S. Crop Export Sales ~ POT-luck n friends been smoking wacky tobaccy
Iceland President Lambastes
Fitch for Giving Island Junk Grade ~ hilarity ensues
European IPOs May Triple as
Private Equity, States Plan Sales ~ Europe takes a hit from the crack-pipe of hype
Iran Opposition Chief
Karrubi Unhurt After Attack, Web Site Sayy ~ please see: A Zero Hedge Premium Preview: The Dionysian Rites of Henry Kissinger's CIA and the Iranian Revolution of 2010
F1’s Ecclestone Joins Genii Capital in Bid for Saab ~ ISCA short-covers aside, NASCAR still shriveling like Tiger's mktg image. TM still kicking ass n taking names.
House May Tax Payrolls, Drop Wealth Levy to Finance Health Plan ~ surely it'll all work out well enough for gov't accounting
Geithner’s Fed Told AIG to Limit Swaps Disclosure ~ but what about the sun? will it rise tomorrow?
Mondo Visione
SGX Extends Derivatives Trading Hours As International Demand For Asian Equity Derivatives Grows ~ (SGX) is extending its (DT) hours for contracts
with T+1 sessions
New Exchange Traded Funds (ETFs) On SIX Swiss Exchange ~ yet another harbinger / product of an Intermediate top in bullion
Tokyo Stock Exchange: Revisions To The Index Guidebook With Regard To Stock Transfers, Etc. ~ TOPIX calculation will remain unchanged
NYSE Euronext Announces Trading Volumes And Other
Metrics For December 2009 - European Derivatives Trading Volumes
Increase 40.8% On Stronger Interest Rate Product Volumes Versus Prior
Year - NYSE Group U.S. Equity Options Volumes Increase 92.2% With
Market Share Of 24.9% ~ umm, about where all "the volume" went
CHX Announces New Fee Structure ~ institutions saved another few bps here n there
CFTC To Hold Open Meeting On A Proposed Position Limits Rule ~ (CFTC) will hold a
public meeting on Thursday, January 14, 2010, to consider issuance of a proposed
rule on energy position limits and hedge exemptions on regulated futures
exchanges, derivatives transaction execution facilities and electronic trading
facilities ... PhiBro and J. Aron gulp hard
Federal Reserve Board Advises Institutions Of Supervisory Expectations For Sound Practices In Managing Interest Rate Risk ~ FRM's & PRMIA's hit the snooze bar
Program Trading Averaged 31.3 Percent Of NYSE Volume During Dec. 28-Jan. 1 ~ all's well that ends well
Wiener Börse Monthly Statistics - December 2009 ~ higher
European Central Bank: Summary Of A Workshop On Recent Advances In Modelling Systemic Risk Using Network Analysis ~ literally, nothing to see here
EMXCo Implements Further Price Reductions After An Impressive 2009 ~ message volumes through
the EMX Message System increased 32% to 30 million in 2009
TSX Venture Exchange December 2009 Market Statistics ~ up
Thomson Reuters MiFID Market Share Reports December 2009 ~ up
HKEx Monthly Market Highlights - December 2009 ~ and AWAY
Japan's Financial Services Agency: Administrative Actions Against Korea Exchange Bank, Japan Branches ~ cha-cha-change ....
New CDP Report: Greenhouse Gas Reduction Targets Set
By FTSE 100 Carbon Intensive Sectors Fall Far Short Of Reductions
Required By UK Climate Change Act ~ whoda thunk it? T. Boone, Aubrey McClendon and GSCO rejoice
HKEx: Exchange Participants Statistics - On-floor and Off-floor Trading Statistics December 2 ~ interesting
Punjab National Bank Granted License To Operate From DIFC - DIFC Is Strategic Base For Bank's Middle East And Africa Operations ~ more credit; just what duh-bye-bye really needs
Sanction Commission Of SIX Group Ltd Fines Global Natural Resources Holding Ltd. ~ the AAPL and GOOG BoD's have a hardy chuckle; Patrick "yuck-yuck" / "Hannibal" Byrne of Deep Capture continues to scream at the wall
Summary Of December 2009 Activities At Tokyo Commodity Exchange ~ up
ELX Futures Announces 2009 Results ~ UP
Speech By CFTC Commissioner Michael V. Dunn Before The 55th Annual Beltwide Cotton Production Conference, New Orleans, Louisiana ~ and waking the F up, rather quickly
NYT
Contrarian Investor Sees Economic Crash in China ~ NYT - Chanos playing Darth Vader; making waves
To Slow Growth, China Raises an Interest Rate ~ NYT - Uncle Ben & Co. chuckle
RANsquawk
BOE says will hold extended-collateral 3-month repos until new operation
introduced later in 2010 ~ To offer GBP 5bln of 3-month funds at repo on January 12 ... interest rates remain at all-time-lows within the Kingdom
China bank regulator denies report that it has raised downpayments on 2nd-home buying ~ Chinese mortgage clerks swear they know the secret code to the 99th level of Bubble Bobble
France Telecom (FTE FP) agrees alliance with LG Electronics ~ and the LG chaebol further expands
Fed's Bullard says US inflation remains low, though, inflation uncertainty
higher than it has been ~ thanks, Opie
French PM Fillon says currency relations must reflect economic fundamentals more ~ must? or ought?
»
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"Chinese mortgage clerks sware they know the secret code to the 99th level of Bubble Bobble"
...Damnit!!!!
thanks for catching the one decent joke above, Cindy.... ~ just corrected to "swear".
party on chinese / SE Asian RE bubble.
On the video game front (which is a much larger mkt than Hollywood and traditional media) ... Final Fantasy XIII, which will be the highest selling game of all-time, is slated for US release on 3.9.10.
WMT ate GME's lunch this holiday season.
GME is such a BBI 2.0.