daily highlights

daily highlights
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.
 
Tyler Durden's picture

Daily Highlights: 6.7.10





  • Asian stocks, Euro tumble on US jobs report, Hungary debt; Bonds rally.
  • China’s stocks fell to a 13-month low on Chinese banks’ share sales, US econ data.
  • The euro fell, hitting its lowest in more than four years against the dollar.
  • G20 drops support for fiscal stimulus.
  • Germany was close to finalizing a major package of government savings, which would likely cut social welfare, public sector jobs and raise taxes.
  • Zinc smelters in China have idled as much as 8.8% of capacity as prices decline.
  • Agricultural Bank of China, Bank of Communications may raise less than estimated in share sale on market slump.
 
Tyler Durden's picture

Daily Highlights: 6.4.10





  • ADP reported 55,000 gain in private sector jobs and a fall in weekly jobless claims in US.
  • Asian stocks fall led by commodities on fears China’s plans will curb growth will lower demand.
  • China shares flat on worries Europe debt woes might hurt exports, end week down by 3.8 percent.
  • Dollar trades near four-year high against Euro; Won falls on war concern.
  • EU threatens Suez Environnement with fine for interfering with antitrust probe.
  • Eurozone Q1 economic growth confirmed at 0.2 percent despite big drop in debt-laden Greece.
  • Hungary has solvency issues.
 
Tyler Durden's picture

Daily Highlights: 6.3.10





  • Asian stocks rise, default risk falls on US home, car sales; Yen weakens.
  • China warns US over a decision to slap duties on imports of Chinese steel gratings.
  • China plans to subsidize purchases of energy-efficient vehicles to help cut emissions.
  • Chinese tech stocks rise most on govt plans to increase investment in these industries.
  • European stocks climbed, following positive sessions on Wall Street and in Asia.
  • May sales at store open a year or more expected to rise 2-2.5% YoY - ICSC.
  • ARM, IBM and allies announce plans for software venture.
 
Tyler Durden's picture

Daily Highlights: 6.2.10





  • Asian stock markets were mostly lower with the Japanese market somewhat volatile.
  • Australia's economic growth slows in first quarter as businesses cut spending.
  • Corn syrup producers acknowledge opponents are souring US market for common sweetener.
  • EU antitrust regulators to probe Siemens and Areva nuclear non-compete deals.
  • EU ministers affirming commitment to adding western Balkan countries to the Union.
  • Japanese PM will quit in less than nine months after taking office, on US base row.
  • Tobacco loophole in Obama's child health law costs US $250M as companies avoid huge tax hike.
 
Tyler Durden's picture

Daily Highlights: 6.1.10





  • Asian stocks fall on Japan political concern, China growth.
  • China's manufacturing expands at slower pace as economic growth moderates.
  • China supercomputer named second-fastest in global list.
  • ECB expects additional $239.26B in write-downs by European banks.
  • ECB states rating firms aggravates crisis.
  • Euro-zone unemployment tops 10% in April.
  • Euro moved lower against USD, Yen, on German Pres. Köhler's unexpected resignation.
 
Tyler Durden's picture

Daily Highlights: 5.28.10





  • Asia stocks rise for a third day after US shares rally; Euro declines.
  • China's foreign-exchange regulator denied it is reviewing its holdings of euro-zone debt.
  • European banks are increasingly hoarding cash while borrowing far less.
  • Greece may yet have to restructure its debt, despite assurances to the contrary from EU, IMF.
  • Japanese prices decline, unemployment rises in signs recovery is slowing.
  • Workers protested French govt plans to raise the retirement age past 60 years old.
  • BP puts total cost to date at $930M; 'top kill' may take another 24 to 48 hours.
  • KKR, Bain Capital hire Goldman Sachs for a $1B IPO of Toys R Us Inc.
 
Tyler Durden's picture

Daily Highlights: 5.27.10





  • China to have surplus diesel and gasoline next year, accdg. to PetroChina
  • Europe crisis chokes Asia-Pacific loan market on concern exports to slump.
  • Hedge funds inflows to Asian managers will surge this year, accdg. to Barclays
  • Japanese exports increase for fifth month as Asian recovery boosts demand.
  • Asian shares gain as global sell-off eases; Won, Kiwi advance against Yen.
  • China's $300B sovereign fund will maintain investment in Eurozone, Xinhua says.
 
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