daily highlights

daily highlights
Tyler Durden's picture

Daily Highlights: 6.30.10





  • API reported a decline of 3.4M barrels in US' oil stockpiles.
  • Asian markets stay in the red but pare early losses.
  • Australia reportedly close to mining-tax compromise.
  • Consumer Confidence grows in Euro zone, ebbs in UK.
  • IMF chief: No double-dip for global economy; defends G20 focus on deficit reduction.
  • Japanese stocks fall to seven-month low as US consumer confidence drops.
 


Tyler Durden's picture

Daily Highlights: 6.29.10





  • Asian stocks were mostly lower Tuesday in choppy trade as China falters.
  • BIS warns countries about risks of debt, on keeping interest rates low for too long.
  • China Resources acquires Hong Kong's pacific coffee, to take on Starbucks
  • China's Shanghai Composite slumps 4% in late trade on concerns over flows into equity.
  • Fed adjusts $1.25 trillion plan to end mortgage-bond purchases on supply.
  • IMF Chief says yuan revaluation won't occur 'very rapidly'.
 


Tyler Durden's picture

Daily Highlights: 6.28.10





  • Asian stocks fluctuate; Japanese banks decline on Mizuho's share-sale plan.
  • Caribbean storms strengthen, may head for oil spill.
  • China sets the exchange rate for the yuan at its highest in five years.
  • China shares fall on concerns Agricultural Bank of China’s IPO might depress market.
  • China, as part of fuel efficiency measure, to shut down small thermal power units totaling 10 million kilowatts in capacity this year.
  • Consumer spending in US probably little changed in May as incomes rose: Survey.
  • Dubai port operator DP World cancels plans for London stock listing until at next year.
  • Group of 20 Nations agree on higher bank capital to avert financial crisis.
  • Romania said it would raise taxes to shore up state finances.
 


Tyler Durden's picture

Daily Highlights: 6.25.10





  • Asian stocks decline on US growth, Greek default concerns.
  • German luxury carmakers add shifts and cut breaks to meet demand
  • Monsoon rains may be more than predicted, helping output of crops in India.
  • Mortgage rates on 30-Year U.S. loans slide to record 4.69%
  • Yen near two-week high against Euro on speculation global economy slowing.
  • Adobe enters into stock repurchase agreements for $400M.
  • Alibaba.com buys US e-Commerce site Vendio to boost sales outside China.
  • AO Smith lowers 2010 EPS below consensus, due to one-time charge from flood.
 


Tyler Durden's picture

Daily Highlights: 6.24.10





  • Asian stocks rose, led by material producers and Japanese trading companies.
  • China's chief auditor says rising debts of local governments are risky to economy.
  • China's yuan rises moderately against the U.S. dollar.
  • Fed offered a subdued assessment of the economy; affirmed rates would remain near zero for "an extended period."
  • G-20 countries divided on issue of stimulus spending versus soaring deficits.
  • Japan's exports rose 32.1% in May from a year earlier, the MoF - lower than expected.
  • Oil falls to near $76 in Asia on signs US crude demand.
 


Tyler Durden's picture

Daily Highlights: 6.23.10





  • 56% of 106 economists, analysts surveyed expect home prices to fall this year: Macromarkets LLC.
  • Asian stocks fell Wednesday, with energy stocks among the biggest losers.
  • Banks hit by £2B yearly levy in UK; France and Germany promise similar measures.
  • Chinese steelmakers hit hard by govt saying it will scrap a tax rebate for exports.
  • Oil firms, drill operators clash on who should pay for rigs idled by the recent offshore-drilling moratorium.
  • Adobe Board grants authority to repurchase up to $1.6B in common stock by 2012.
 


Tyler Durden's picture

Daily Highlights: 6.22.10





  • Asian, European stocks fell for the first time in 9 days; Euro weakened against Yen.
  • German business confidence rises on increased export expectations.
  • US home sales likely to weaken with the end of the tax credits: Bloomberg
  • Japan targets balanced budget by 2020 to contain debt.
  • Oil declines as optimism fades over boost to global economy from Yuan plan.
  • Russia cut natural gas supplies to Belarus after Minsk failed to pay off debts.
 


Tyler Durden's picture

Daily Highlights: 6.21.10





  • China kept Yuan's exchange rate unchanged against the dollar, after saying it was unhitching its de facto peg.
  • Crude-oil futures inched closer to the $80/bbl in late Monday morning trading in Asia.
  • Stocks, commodities, US futures rally as China gets Yuan off the USD peg.
  • US corporate defaults have fallen to an annualized rate of barely 1% in 2010; future uncertain.
  • Yuan climbs most in 18 months as China signals end to peg; Forwards jump.
 


Tyler Durden's picture

Daily Highlights: 6.18.10





  • Afghan president Karzai welcomes Japan investment in minerals.
  • Asian stocks mixed, but losses limited as worries over Europe's debt crisis ease.
  • Asia emerging-market stocks, currencies rise on growth; Gold near record.
  • China shares fall as pricing worries for Agricultural Bank IPO linger.
  • EU stress tests face questions over toughness of terms, Government backing.
  • Japan aims to cut company tax toward 25% in strategy to stoke growth.
  • Russia, in need of 'investment boom,' to scrap capital gains tax on foreign investment.
  • U.S. consumer prices fell 0.2% last month, despite higher commodity prices.
 


Tyler Durden's picture

Daily Highlights: 6.17.10





  • Asian shares were solidly higher Wednesday after Wall Street rallied Tuesday.
  • China boosts holdings of US Treasury debt by $5 billion.
  • Euro zone May inflation confirmed at 1.6 pct y/y.
  • France may raise retirement age from 60 to 62 in 2018.
  • Obama says oil spill shows US must cut oil 'addiction’.
  • OECD recommends Dutch workers stay on the job longer, accept less when they retire.
  • Russia preparing to buy Canadian, Australian dollars to diversify reserves.
  • Yen trades near 1-week low on improving global economic outlook.
  • Best Buy Co.'s Q1 profit rose a disappointing 1.3% to $155M despite 6.9% rise in revs.
  • Brazilian meatpacker Marfrig to acquire distributor Keystone Foods for $1.26B.
 


Tyler Durden's picture

Daily Highlights: 6.16.10





  • Asian shares were solidly higher Wednesday after Wall Street rallied Tuesday.
  • China boosts holdings of US Treasury debt by $5 billion.
  • Euro zone May inflation confirmed at 1.6 pct y/y.
  • France may raise retirement age from 60 to 62 in 2018.
  • Obama says oil spill shows US must cut oil 'addiction’.
  • OECD recommends Dutch workers stay on the job longer, accept less when they retire.
  • Russia preparing to buy Canadian, Australian dollars to diversify reserves.
  • Yen trades near 1-week low on improving global economic outlook.
 


Tyler Durden's picture

Daily Highlights: 6.15.10





  • Asian stocks reverse loss on recovery signs; bond risk falls.
  • BoJ will make $32.8B of low-cost funds available to private banks to lend to companies.
  • Brazil, China, and India to see strong growth in agriculture as output remains stagnant among big importers in Western Europe.
  • China's Bank Regulator warns risks growing from real estate 'chain effect'.
  • Euro down to $1.2182 in morning European trading due to Greek finance worries.
  • Fed weighs options in case growth ebbs.
 


Tyler Durden's picture

Daily Highlights: 6.14.10





  • Asian shares were mostly higher Monday, lifted by Friday's mild gains on Wall Street.
  • ECB governor said interest rates in the euro zone will remain on hold for many months.
  • Euro concerns put plan to introduce a single currency for GCC nations on hold.
  • Euro volatility signalling weakness as traders lose confidence in currency.
  • French, German banks continued to hold the greatest exposure to euro-zone countries.
  • South Korea's Won advances on tighter forwards curbs, risk of intervention.
  • Taiwan, China say they reach a basic agreement on reducing trade tariffs.
 


Tyler Durden's picture

Daily Highlights: 6.11.10





  • China May retail sales surge 18.7% from year-ago.
  • China's consumer inflation breaches 3% level- govt's annual target.
  • 'Circuit Breaker' set; rules to ease stock volatility on S&P 500 to begin today.
  • ECB plans new loans, raises 2010 f'cast.
  • Euro climbs to $1.2103 after ECB expanded efforts to make credit available.
  • Geithner says China yuan policy is 'impediment' to global economic growth.
  • Loans in Fed Reserve program aimed at easing European crisis fall to $1.24 billion.
 


Tyler Durden's picture

Daily Highlights: 6.10.10





  • Asian shares were modestly higher with resource stocks leading, but for China.
  • Bank of Korea keeps rate at record low 2 percent amid strong recovery.
  • Bernanke: US recovery on track despite European crisis, high unemployment.
  • Brazil central bank lifts rate to 10.25%, meeting expectations.
  • China posted a trade surplus for a second straight month in May on higher export growth.
  • Euro climbs to $1.2039 on Bernanke remarks, raising hopes in global economy.
  • EU's Internet chief warns states against choosing proprietary software as standards.
 


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