USA

US President Obama Outlines Export Strategies

US President Barack Obama Thursday revealed his efforts to double US exports over the next 5 years, saying such a goal was critical to create jobs. “In a time when millions of Americans are out of work, boosting our exports is a short-term imperative,” said Obama in a speech at the Export-Import Bank’s annual [...]

The US trade deficit was lower by 6.6% in January

The US trade deficit decreased by 6.6% to US$37.29B in January, the US Commerce Department reported Thursday.
The January imbalance was lower than the US$41B deficit that economists expected. In the 1st month of Y 2010, exports decreased by 0.3%, while imports slipped by 1.7%.
The USA’s exports and imports rose in the past several [...]

Ebeling Heffernan Issue Strong Buy on Citibank

Vikram Pandit, Citigroup’s chief executive, is planning to announce to the shareholders that the prospect of the Bank earning as much as US$20B from its core business within a few years is in sight, this is a big increase from current levels that would mark a sharp revival in Citi’s fortunes. This according to the [...]

Today on Crude Oil

The Crude Oil price rallied after the release of the Bullish inventory report.
The Crude Oil front-month contract rose to as high as 83.03, less than 1$ below the Y 2010 high of 83.95 hit in January, before closing at 82.09, up +0.7%.
Today in Asia, Black Gold slid to 81.55 on profit taking and [...]

Big Oil looks at US Refinery Cutbacks

The response to slumping gasoline use would likely mean higher prices at the pump for drivers.
Some of the USA’s Big Oil companies are looking to permanently reducing how much gasoline and diesel fuel they make, a move that analysts say would likely trigger higher prices for motorists.
The Energy companies are suffering huge losses from refining [...]

Wall St Inches Higher

Dow           10,567.33    +2.95     (0.03%)
S&P 500     1,145.61     +5.17     (0.45%)
Nasdaq       2,358.95    +18.27 (0.78%)
US stocks continued modest gains on Wednesday, a stronger rally was tempered by the US government’s report of a drop in company inventories during January.
The Commerce Department said wholesale inventories fell 0.2 per cent in January after falling one per cent in December.But company sales [...]

Paul Ebeling on American International Group, Inc. (AIG), AMR Corporation (AMR), Apple, Inc (APPL), and Citigroup, Inc.(C)

US Telecoms lead the Bull charge on Wall St 1 yr after market hit bottom
Exactly one year after US stocks fell to their worst close in more than 12 yrs, the US market spent most of Tuesday looking for direction, as it appears that some rotation is beginning into financials, telecoms and some under performing [...]

Oil on Way to $100

Oil moved toward $82 per barrel but without strong momentum as investors waited to see if data on U.S. stocks later on today would provide impetus for further gains
U.S. crude for April delivery was up 29 cents at $81.78 by 1251 GMT. London ICE Brent for April gained 37 cents to $80.28.
The Organization of Petroleum [...]

Stocks and Commodities Rally

World stocks measured in the MSCI All-Country World Index inched up 0.1 percent to 300.72, hovering near a six-week high of 301.61 reached on Monday, though they were still up 66 percent from a low hit one year ago.
The pan-European FTSEurofirst 300 index was flat, though Greece’s share benchmark advanced 1.8 percent as worries over [...]

Wall St Closing Bell, Stocks Close Flat

Wall Street managed to post modest gains on Tuesday.Investors were cautious as Wall Street marked the anniversary of the stock market’s 12-year low set on March 9, 2009, amid the financial crisis stemming from a home mortgage meltdown.
Since then, the blue-chip Dow index has rallied more than 62 per cent.
With little in the way of [...]