daily highlights

daily highlights

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.

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.

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.

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.

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.

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.

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.

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.

Daily Highlights: 9.7.2010

  • Asian stocks fall for first time in five days; Japanese automakers decline.
  • Australia extends interest rate pause on concern global growth is slowing.
  • Australian Labor Party gains enough seats to form a minority government.
  • China's 4 biggest banks lent $32.2B in new yuan loans in August, in line with govt ruling.
  • China passenger car sales increased 18% in August.
  • China rejects currency pressure.
  • China's slowdown in industrial output growth will deepen, Government says.
  • Copper declines in London.
  • Asian steelmakers rally on Obama's infra plan; Euro drops on bank funds concern.

Daily Highlights: 9.3.2010

  • Oil falls below $75 a barrel in Asia ahead of US employment report.
  • Russia said it would extend its ban on wheat exports into late 2011.
  • Russia to double gas imports from Azerbaijan in a fresh blow to EU-touted pipeline project.
  • US Pending sales of existing houses unexpectedly climbed in July from a record low.
  • US Retail sales in August top estimates on tax holidays, discounts.
  • 3Par determines revised HP proposal, for $33/share, is superior. Dell pulls out of race.

Daily Highlights: 9.2.2010

  • Asian stocks rise to two-week high on US manufacturing data; Canon gains.
  • Australia Q2 GDP grows 1.2% - fastest pace in three years.
  • Bernanke, Bair to present views of crisis to inquiry panel.
  • Brazil holds rate at 10.75%, meeting expectations.
  • Economy seen avoiding recession relapse as US data can't get much worse: Survey.
  • Indian sugar production may jump 38% next year on higher planting, rains.
  • Manufacturing in US grows at faster pace as factories extend recovery.
  • Trichet may say ECB to keep emergency lending measures in place into 2011.

Daily Highlights: 9.1.2010

  • Asian stocks rise on China manufacturing, Australia's growth; Yen weakens.
  • Australian economic growth accelerates more than estimates; Currency gains.
  • China's manufacturing expands at faster pace in Aug - rises to 51.7 from 51.2.
  • Currency trading tops $4 trillion a day as dollar's share drops, BIS says.
  • FDIC finds more than a tenth of U.S. banks - 829 - at risk.
  • Pennsylvania's capital of Harrisburg to skip a $3.29M payment on its debt.
  • Treasuries decline as Asian stocks advance, US to announce auction size.
  • US consumer confidence rose just 2.5 points in August, to 53.5.

Daily Highlights: 8.31.2010

  • Asian stocks fall as US data fuels economic growth concern; Sony drops.
  • Australia's current-account deficit totalled $5.05B in Q2, down 66% from Q1 levels.
  • BOJ is 'too little, too late' in tackling Yen, Nakahara says. Nikkei finishes down 3.6%.
  • Eurozone Confidence rose for the third straight month, to 101.8.
  • Eurozone inflation rate eases in August to 1.6%.
  • Fed purchased $360M in inflation-indexed Treasury debt
  • US Treasury to sell $25B cash management bills.
  • India's GDP grew 8.8% in April-June qtr, driven by the manufacturing sector.

Daily Highlights: 8.30.2010

  • Bank of Japan expands bank-loan program as Yen's climb threatens expansion.
  • ECB likely to extend emergency banking industry aid: reports.
  • European markets rose in early trade, tracking gains in Asia.
  • Fed confronts further signs of slowdown amid skepticism on policy tools.
  • Pace of UK's GDP growth will slow sharply over the medium term: Comm Chambers.
  • UK house prices fall most in 16 months as market hits 'repricing' phase.
  • Singapore tightens loan limits to cool housing market.

Daily Highlights: 8.26.2010

  • Asian shares trade mostly higher, though action proves choppy.
  • New-home sales slid to a record low and a slower-than-f'cast rise in durable-goods orders cast doubt on the US recovery.
  • Official China data masks surge in housing, food prices.
  • Roubini: Q3 growth in US to be 'well below' 1%.
  • SEC votes to boost power over boards.
  • Treasury sells 5-year notes at lowest yield ever.
  • Agricultural Bank of China temporarily stops lending to property developers.
  • Ahold reports 3% rise in Q2 profits.