Egan-Jones

Egan-Jones

Daily Highlights: 2.19.10

  • Asian stocks, US Futures fall on concern Fed move signals stimulus exit.
  • Australia has less room for growth without inflation: Australian Central Bank.
  • Consumer Prices in US probably climbed in January on higher energy costs.
  • Dollar touches 9-month high versus Euro after Fed raises discount rate.
  • Fed raised the rate it charges banks for emergency loans by a quarter percentage point.
  • Greece replaces debt chief Papanicolaou as deficit crisis batters markets.
  • Japan stocks fall sharply on Fed emergency loan rate hike; Nikkei down 2.1 percent.

Daily Highlights: 2.18.10

  • Asian stocks drop, Yen rises on Greece, concern Fed may withdraw stimulus.
  • Bank of Japan leaves policy unchanged, resisting pressure to ease further.
  • Fed sets goal of 'eventual' exit from housing finance to protect autonomy.
  • Gold declines for second day on IMF's plans for open-market bullion sales.
  • Leading Economic Index in US probably increased for 10th straight month.
  • Michigan state public retirement funds is $50B short
  • Oil falls below $77 as US distillate supplies rise

Daily Highlights: 2.16.10

  • Asian stocks, copper, Aussie Dollar rise as earnings boost confidence in recovery.
  • Australia and China committed to starting negotiations on an “open skies” accord.
  • Bank of Japan may refrain from easing credit even as deflation intensifies.
  • Possible European debt crisis is seen pushing US Dollar to its highest point in 9 months.
  • EU finance ministers are uniting to oppose Pres. Obama’s Banking overhaul.
  • Indian inflation accelerated to 8.56% in January, up from 7.31% in December and 4.95% a year ago.
  • Japan stays ahead of China as world's second-biggest economy as 4Q GDP strong.

Daily Highlights: 2.12.10

  • Asian stocks rose on Friday, lifting the MSCI Asia Pacific Index to its first weekly gain in four.
  • China inflation 'blip' masks price pressures from property, credit surge.
  • China orders banks to set aside more deposits to cool the fastest-growing major economy.
  • Euro declines for third day on concern Greece measures may not be enough.
  • Eurozone economy grows by only 0.1 percent in 4Q 2009.
  • Germany, others pledged “determined and coordinated action” to help Greece.

Daily Highlights: 2.11.10

  • Asian shares were higher Thursday, with China's more benign than feared inflation data.
  • Australia job growth surges, unemployment rate falls; Aussie dollar strengthens.
  • Bernanke says Federal Reserve may opt to raise discount rate 'before long'.
  • China's January loans rises to $203B, property prices surge as banks extend more credit.
  • EU to lay groundwork for Greek aid summit package in push to shield Euro.
  • Health groups urge U.S. states to increase cigarette taxes by $1 a pack
  • U.S. foreclosure filings rose 15% in January from a year earlier

Daily Highlights: 2.10.10

  • China's exports jump 21% as imports gain 86% in January, Government says.
  • Fed to reveal its strategy for raising interest rates.
  • Germany along with EU plans to offer Greece, other members loan guarantees.
  • Japanese core machinery orders increased 20.1% in Dec, much better than expected.
  • Oil drops to near $73 in Asia after report shows US crude supplies jumped last week.
  • Stocks, commodities, Korean Won rise on speculation of Greek aid, China's growth.

Daily Highlights: 2.9.10

  • Abu Dhabi is set to award almost $2B in onshore oil service contracts.
  • Most Asian stocks decline as European deficit concerns increase.
  • China's January surge in lending probably exceeded fourth quarter's total.
  • Copper imports by China may halve from last year’s record.
  • Dow closes below 10,000 for first time in 3 months.
  • ECB may be forced to delay exit of emergency lending measures amid Greece concern.

Daily Highlights: 2.08.10

  • Australia removes large-deposit guarantee amid signs of economic recovery.
  • Brazil poised for Latin America's first rate increase as growth picks up.
  • Corporate bond yield spreads widen the most since November: Credit Markets.
  • Euro, Asian stocks fall as G-7 fails to end concern over Greece, fiscal budgets.
  • G-7 governments risk 'muddled middle' with plan to spend now, save later.
  • Greenspan sees 'slow' recovery, would be 'very concerned' if stocks drop.

Daily Highlights: 2.05.10

  • Asian stocks fall most in 10 weeks on US jobless claims.
  • Australian central bank raises outlook, sees 3.25%-3.5% growth ahead.
  • Bank of England voted against extending its bond buying program.
  • China announces anti-dumping steps on US chicken amid trade disputes.
  • China's stocks drop for 3rd week on global recovery concern.
  • Gold saw its biggest slide in 16 months, joining other metals in a broad sell-off.
  • Hong Kong stocks fall, headed for longest run of weekly losses since 2008.

Daily Highlights: 2.1.10

  • Annual inflation rate in 16 countries that use the euro rose to an 11-month high of 1%.
  • Asian stocks fall as China manufacturing reports spur tightening concerns.
  • Australian borrowing for home- buying fell to a five-year low last month on higher lending rates.
  • China’s manufacturing expanded at second-fastest pace since 2008 in Jan, helped by exports.
  • China's stocks slide to four-month low on tightening concern.
  • Dubai world silence on debt standstill evaporates bailout rally.
  • Euro proving no reserve alternative as Central Banks lead shift in assets.
  • European stock markets started February on a negative note following Friday's US decline.

Daily Highlights: 1.29.10

  • Asian stock markets were trading sharply lower Friday after Wall Street's losses.
  • Bernanke confirmed by Senate for second term as Fed Chairman in 70-30 vote.
  • China's economic planning agency sees crude oil at average $80 a barrel this year.
  • Euro trades at almost 9-mt low versus Yen on Greece's budget turmoil.
  • European January inflation accelerates to fastest in 11 months
  • India raises bank reserve rate by 75 bps, more than expected; Keeps key interest rates.
  • Japan Consumer Prices fall 1.3% in December - the 10th monthly decline.

Daily Highlights: 1.28.10

  • Asian stock markets were broadly higher following a rise on Wall Street.
  • Brazilian Central Bank keeps its benchmark interest rate at a record low of 8.75%.
  • China sets up energy policy body headed by premier amid growing demand, shortages.
  • China shares rebound on bargain-hunting after a 4-session decline, led by developers.
  • China’s banking regulator told lenders to step up scrutiny of property loans.
  • Dutch state and ING appeal EU ruling on payback of aid given during financial crisis.

Daily Highlights: 1.27.10

  • CBO pegged the 2010 US budget deficit at $1.35 trillion.
  • China’s stocks fell, sending Shanghai Composite Index briefly below 3,000 - first time since Oct. 30
  • Commodities stocks, metal prices drop as China curbs growth.
  • Japan exports rise for first time in 15 months, beating estimates on China.
  • Oil falls to near $74 a barrel in Asia amid concerns over weak recovery in oil demand.
  • Several Chinese banks have ordered some branches to suspend lending for this month.

Daily Highlights: 1.26.10

  • Asian stocks fall as China tightening concerns deepen; Yen, Dollar advance.
  • Bank of Japan holds interest rate steady to fight deflation as Yen rises.
  • China stocks drop a third day as loan outlook weighs on banks, developers.
  • Chinese banks may see addln increase in their reserve ratios take effect today: media.
  • Existing-home sales plunged in December by 16.7% - raising fresh concerns.
  • Fed officials consider adopting interest on reserves as new benchmark rate.
  • Obama to propose a 3-yr freeze on $447B in discretionary federal spending.
  • S. Korean economic growth eases to 0.2%, slowest pace in three quarters.

Daily Highlights: 1.25.10

  • Asian stocks fall for sixth day on Obama plan to curb banks, Yen weakens.
  • Bank of Japan said to be open to expanding Emergency loans, bond purchases.
  • China property data may 'under-represent’ bubble risks, World Bank says.
  • German consumer confidence declined for a fourth month in a row.
  • Gold futures climbed as much as $10/oz on weak USD.
  • Nymex crude oil futures slightly higher at $74/bbl helped by a weaker U.S. dollar.