Markets
Jobs Data Lifts Market
Private payrolls that exclude government agencies climbed 67,000, after a revised 107,000 increase in July that was more than initially estimated, Labor Department figures in Washington showed today. The median estimate of economists surveyed by Bloomberg News called for a gain of 40,000. Overall employment fell 54,000 for a second month and the unemployment rate [...]
US Futures Flat Ahead of Jobs Report
US stock futures are flat ahead of the open Friday as investors braced for the August nonfarm payrolls report to get a clearer picture on the health of the economy and employment.
Nonfarm payrolls are expected to decline by 100,000 in August. The decline would mark the 3rd straight month of losses, caused in part [...]
Brazil’s tax burden drops for the 1st time since Y 2006
Brazil’s tax/GDP ratio fell from 34.41% in Y 2008 to 33.58% in Y 2009, the 1st fall of the nation’s tax burden since Y2006, the government said Thursday.
The dip can be attributed to the global financial crisis, which led to a 2.61% fall in the tax collection and a 0.2% contraction in the GDP [...]
South Korea takes G-20 Chair
South Korea will bridge emerging, developed countries as G-20 Chair
South Korea will work reflect concerns and views of developing and emerging countries, including those of non-Group of 20 (G-20) member countries, for the sake of a sustainable growth, chief of G-20 preparation committee said Friday.
“We feel that (South) Korea is well positioned to play [...]
Red’s Bull Trade Alert: Honeywell International (HON)
LTN’s Pattern Recognition Analyst, Paul A. Ebeling, Jnr, ID’d the beginning of a New Bullish Trend for Honeywell International.
Shares of Honeywell International closed above the 50 Day Moving Average of US$41.33. When analyzing trading patterns, technical analysts and savvy players will view this development as a sign of strength.
There are Key data indicators [...]
Wall St and Obama
As the presidential elections approached in 2008, a financial panic set off by the failure of investment bank Lehman Brothers drove an already diving economy into catastrophe. The candidacy of then-Senator Obama got a big boost as investing legends like Warren Buffet backed the newcomer and anti-incumbent sentiment soared.
Now, the scene has changed dramatically. [...]
ASX Closes Higher
At the close, the benchmark S&P/ASX200 index was up 8.5 points, or 0.2 per cent, at 4541.2, while the broader All Ordinaries index had risen 14.6 points, or 0.3 per cent, to 4577.6.
For the week, the ASX200 rose 3.9 per cent – its first weekly advance in a month and the biggest increase since the [...]
Asian Markets Close Strong Week
Most Asian stocks rose, led by technology companies, after US reports showed an unexpected increase in pending home sales and improved retail sales.
Sony Corp., the electronics maker that gets 22 per cent of sales from the US, rose 1.6 per cent. James Hardie Industries SE, the biggest seller of home siding in the US, climbed [...]
Political “noise” likely blocks Huawei’s chances in USA
Huawei, one of China’s biggest telecommunication firms, is facing unfair obstacles in gaining access to large network contracts in the US. Lately the political objections have taken a moralistic tone that maligns Huawei with accusations based on inaccurate evidence and hearsay.
The most dramatic attack came last week in a letter from a group of conservative [...]
The ECB says, no Double Dip
The European Central Bank on Thursday forecast that the EuroZone would expand this year and in Y 2011 much more strongly than previously expected, ruling out a Double Dip back into recession.
However, the bank betrayed concern about the outlook by warning that its forecasts could prove over-optimistic, and extending into next year the supply of [...]
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Guest: Eldorado Gold Bids $3.2 Billion in Stock for Andean to Get Argentina Mine
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