daily highlights
daily highlights
Daily Highlights: 9.30.2010
Submitted by Tyler Durden on 09/30/2010 08:04 -0400- 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.
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Daily Highlights: 9.29.2010
Submitted by Tyler Durden on 09/29/2010 08:29 -0400- 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.
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Daily Highlights: 9.28.2010
Submitted by Tyler Durden on 09/28/2010 08:08 -0400- 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.
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Daily Highlights: 9.27.2010
Submitted by Tyler Durden on 09/27/2010 08:24 -0400- 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.
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Daily Highlights: 9.24.2010
Submitted by Tyler Durden on 09/24/2010 07:50 -0400- 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.
Daily Highlights: 9.22.2010
Submitted by Tyler Durden on 09/22/2010 07:40 -0400- 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.
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Daily Highlights: 9.21.2010
Submitted by Tyler Durden on 09/21/2010 08:22 -0400- 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.
Daily Highlights: 9.20.2010
Submitted by Tyler Durden on 09/20/2010 08:16 -0400- 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.
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Daily Highlights: 9.17.2010
Submitted by Tyler Durden on 09/17/2010 08:10 -0400- 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.
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Daily Highlights: 9.16.2010
Submitted by Tyler Durden on 09/16/2010 07:47 -0400- 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.
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Daily Highlights: 9.15.2010 - Japan, Singapore Interventions, CNY At Record As China Now Sells USDJPY
Submitted by Tyler Durden on 09/15/2010 08:18 -0400- 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.
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Daily Highlights: 9.14.2010 - Kan Wins Party Vote, Yen Surges To Fresh Highs On No Intervention Threat
Submitted by Tyler Durden on 09/14/2010 07:50 -0400- 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.
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Daily Highlights: 9.13.2010
Submitted by Tyler Durden on 09/13/2010 08:15 -0400- 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.
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Daily Highlights: 9.9.2010
Submitted by Tyler Durden on 09/09/2010 08:00 -0400- 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.
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Daily Highlights: 9.8.2010
Submitted by Tyler Durden on 09/08/2010 07:47 -0400- 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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