daily highlights

daily highlights
Tyler Durden's picture

Daily Highlights: 9.30.2010





  • Asian stocks slump as banks decline on European concern.
  • China will speed up introduction of a trial property tax in some cities.
  • China Yuan weakens for first time in 13 days on threat of US trade sanctions.
  • China tightens limits on lending, plans tax to cool housing prices.
  • Eurozone inflation rate up at 1.8% in September.
  • Fed Presidents far from unanimous on need for further easing.
  • Gold extends rally to another record after Dollar slumps; Silver tops $22.
 


Tyler Durden's picture

Daily Highlights: 9.29.2010





  • Asian stocks rise to five-month high, Japanese bonds rally.
  • Central banks of SKorea, S'pore, Thailand & Indonesia suspected of intervening in foreign exchange markets.
  • China’s manufacturing activity accelerated in Sept - the second straight month.
  • Gold for December delivery rose to a fresh record above $1,313.00 an ounce.
  • Japan's Tankan Index rises least in 18 months as Yen gains, Economy slows.
  • US Home prices rose for the 4th straight month in July, but at a slower pace.
  • AOL acquires social software start-up Thing Labs; Terms were not disclosed.
 


Tyler Durden's picture

Daily Highlights: 9.28.2010





  • ADB raises Asia ex-Japan growth f'cast for this year to 8.2% vs. July view of 7.9%.
  • ADB says Asia must refrain from tightening 'too quickly'.
  • Asian stocks fall on European debt concerns, Metal prices drops.
  • Fed weighs a more open-ended, smaller-scale bond purchase program.
  • German consumer confidence f'casts 4.9 pts for Oct, a rise from rev 4.3 pts in Sept.
  • AIG's Asian unit gauges demand for its Hong Kong listing; plans to raise $10-15B.
  • China Airlines plead guilty to fixing prices on air-cargo shipments, pay $40M fine.
  • Exelon Corp. to sell $900M of debt to fund its purchase of a Deere's wind-power unit.
 


Tyler Durden's picture

Daily Highlights: 9.27.2010





  • Asian stocks rise to five-month high on US capital goods.
  • Brazil crops shrivel as Amazon dries up to lowest in 47 years.
  • Europe’s central banks halt gold sales; run of large disposals ends.
  • Euro trades close to 5-month high against dollar, buys $1.3469.
  • Eurozone annual M3 money-supply growth grew at a 1.1% in August vs. 0.2% in July.
  • German business confidence rose unexpectedly in September.
  • Germany backs tough EU deficit rules.
  • Gold may advance to record on weaker dollar; Silver climbs to 30-year high.
  • Japan said to consider up to $55B extra stimulus as recovery slows.
 


Tyler Durden's picture

Daily Highlights: 9.24.2010





  • Asian stocks fall for third day on global economic concern.
  • Bank of Japan mum on intervention talk after yen's sudden drop against dollar.
  • China's control of a key minerals market has US military thinkers, policy makers worried.
  • Democrats abandoned plans to vote before Election Day on extending Bush-era tax cuts.
  • Euro weaker at $1.3317; dollar up to 84.72 versus yen.
  • German business confidence improves modestly in September; highest since June 2007.
  • Oil floats near $75 in Asia; mixed US economic data suggest weak crude demand.
 


Tyler Durden's picture

Daily Highlights: 9.22.2010





  • Asia stocks mixed after Fed said it was ready to do more to recharge the US economy.
  • Fed hinted it is becoming uneasy about the outlook, but deferred taking any new steps.
  • Fed suggest it could buy more bonds; Way eased for new programme of QE.
  • Iceland cuts base rate by 0.75% to 6.25%.
  • Las Vegas home sales fall as area unemployment lingers near 15%
  • Oil hovers above $75 in Asia after report shows US supplies unexpectedly rose last week.
  • UK Business Secretary plans to announce a review of takeovers, executive pay.
 


Tyler Durden's picture

Daily Highlights: 9.21.2010





  • Asian stocks gain as US economic concerns ease.
  • Australia increases commodity export sales forecast to record $203B.
  • ECB steps up its bond buys amid worries of default by Greece, Portugal, Ireland.
  • Escaping double dip to growth recession means no unemployment relief seen.
  • Greece sells 13-week T-bills, yield drops to 3.98%
  • Gulf states in $123B US arms spree; Arab nations seek to counter power of Iran.
  • Oil falls after US Homebuilder Confidence reading prompts demand concern.
  • Treasuries hold gain as Fed may say it is open to boosting debt purchases.
  • US recession ended in June 2009, NBER says amid threat of renewed slump.
 


Tyler Durden's picture

Daily Highlights: 9.20.2010





  • Abu Dhabi bonds heads for the best quarter in a year.
  • Asian stocks fall on US economic growth concern; Mining shares decline.
  • Crude Oil rises for first time in five days after decline draws investors.
  • Euro rises to $1.3077 in European trading.
  • Europe debt crisis abating as government traders see yield spreads narrow.
  • FDA to consider approval of genetically engineered salmon.
  • Fed to cut growth forecast, Europe rescue faltering: Pimco's El-Erian.
  • French competition watchdog fines banks $503M due to price fixing.
  • Gold may extend gain to record this week on economy concern: survey.
  • Greek bank stress tests delayed; Athens to raise more money on capital markets.
 


Tyler Durden's picture

Daily Highlights: 9.17.2010





  • Asian stocks gain as Oracle, RIM earnings boost tech stocks.
  • BoJ facing pressure to do even more to prop up the economy.
  • China approves 4 Taiwan banks to set up mainland branches.
  • European governments approved a free trade agreement with South Korea.
  • International Monetary Fund hasn't ruled out putting together more aid for Greece.
  • Oil rises above $75 in Asia as traders look for demand clues from US economic data.
  • U.S. jobless claims declined last week to their lowest level in two months.
 


Tyler Durden's picture

Daily Highlights: 9.16.2010





  • BOJ becomes 'wild card' as Kan may demand stimulus after Yen intervention.
  • EU new car registrations fall 13% YoY in August.
  • Geithner says US examining ways to pressure China into faster Yuan rise.
  • Greece rules out possibility of default; FM says restructuring would ‘break’ Eurozone.
  • India hikes rates to contain inflation; move signals end of loose monetary policy.
  • Most Asian stocks fall, led by mining shares; Japanese exporters advance.
  • Naked-short sellers, derivatives traders face European Union restrictions.
 


Tyler Durden's picture

Daily Highlights: 9.15.2010 - Japan, Singapore Interventions, CNY At Record As China Now Sells USDJPY





  • Yen tumbles as Japan FM Noda confirms currency intervention- first time since 2004.
  • Singapore authority to intervene second time in a month to bring down the S'pore dollar.
  • Yuan climbs to record as gains quicken ahead of US Committee meetings.
  • API sees 3.3-million-barrel increase in oil inventory.
  • China's steel output cut to continue through 2010: Industry Ministry.
  • Fed differ on question of how weak the economic outlook should get before they move to take major steps to boost growth.
  • Japanese shares rise as currency intervention drives down Yen; Gold climbs.
  • OPEC sees no change to production quota at meeting in October.
  • Retail Sales in US increase more than estimated in second monthly rise.
 


Tyler Durden's picture

Daily Highlights: 9.14.2010 - Kan Wins Party Vote, Yen Surges To Fresh Highs On No Intervention Threat





  • Japanese PM wins party vote; will stay in power.
  • Asian commodity stocks rise on growth hopes; Japanese shares fall on Yen.
  • China's currency advances to a fresh high against the U.S. dollar; CB sets the yuan-dollar parity rate at 6.7378.
  • China plans to introduce credit-default swaps by year-end, Official says.
  • Euro rises against dollar in morning European trading to $1.2877.
  • European industrial production stagnant in July.
  • EU raises 2010 growth forecasts; warns growth likely to slow in H2.
  • German investor confidence may decline to 18-month low as economy cools.
  • Bank of America should repurchase $20B in mortgages, Insurers say.
 


Tyler Durden's picture

Daily Highlights: 9.13.2010





  • Asian stocks, oil rise as China output, retail sales expand; Yen declines.
  • Banks worldwide face stiffer capital requirements as Basel forges accord.
  • British unions warn government that public spending cuts will spark wave of strikes.
  • China set Yuan's reference rate at 6.7509 vs USD - lowest level since 1980s.
  • China shares, led by tourism, rise amid stronger economic indicators for August.
  • China's Industrial production rises 13.9% in August, betters 13.4% growth of July.
  • Economy recovering faster than expected across the European Union, but remains fragile.
  • Hong Kong housing risks may exceed 1997 on rising rates, HKMA's Chan says.
 


Tyler Durden's picture

Daily Highlights: 9.9.2010





  • Afghan president's brother made $800K in Dubai using loan tied to Kabul Bank.
  • Asia stocks up, SKorea unexpectedly leaves key rate at 2.25% as recovery slows.
  • Australian employers' hiring for August exceeds estimates; Currency gains.
  • BOE mulls 'second wave' of bond buying as rebound ebbs.
  • China trade surplus may top $20B, stoking tension over yuan policy.
  • China's stocks decline most in 2 weeks on concern about new property curbs.
  • Euro slides to $1.2693.
  • Norway buys Greek debt as sovereign wealth fund sees no default.
 


Tyler Durden's picture

Daily Highlights: 9.8.2010





  • Asian stock markets were mostly lower, with financial stocks getting hit.
  • Asian stock markets were mostly lower, with financial stocks getting hit.
  • California Property Tax Values shrink 1.8% in `Historic' slump and deflation
  • California regulators seek up to $9.9B in fines from PacifiCare
  • China adds $7B of Japanese bonds, extending record yearly increase.
  • EU probes hidden Greek deals as 400% yield gap shows doubt
  • Germany's exports fell 1.5% in July - the second time this year.
  • Japan talks up intervention as Yen hits 15-year high.
  • Japan's core machinery orders spike 8.8% in July; current account surplus beats est.
 


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