Hot Topic: Crude Oil jumps 5% on positive economic recovery data
(LTN Exclusive) — Crude Oil rose more than 5% to near US$67 bbl on Thursday as economic data sparked fresh optimism that the recession is at an end.
Support also came from data showing Euro Zone economic sentiment increased in July to its highest level in eight months, helping to lift European equities to their highest [...]
Red Roadmaster Stock Talk
The Bull Charged again in July: DJIA up 8%
Wall St. climbs on better than expected earnings
Re-cap of the US Stock Market Action for 30 July 2009 + Stock Talk
75% of the S&P 500 companies that have reported quarterly results have beaten expectations.
US Stocks rose on Thursday as solid corporate profits and inspired investors to buy [...]
DRYS Beats Estimates
(LTN Exclusive) — As regular readers would know DRYS is has been one of my favorites for some time, both myself and Paul have published a number of research articles on this one including a report on how DRYS was trading well behind the Baltic Index.
DRYS and GE marked our financial services divisions first “house [...]
China Markets Advance
(LTN Exclusive) — Mainland stocks closed higher at lunchtime, recapturing most of Wednesday’s sharp dip after a senior central banker reiterated that current fiscal stimulus monetary policies would not be reversed anytime soon. The Shanghai Composite Index closed the session at 3,371 points with financial stocks leading the rally.
People’s Bank of China vice governor Su [...]
Pre-market Points to Rally
by Shayne Heffernan
(LTN Exclusive) — U.S. Futures are trading higher this Thursday; Wall Street looks set to recover from the yesterday’s decline amid a flood of major corporate earnings data.
S&P 500 futures rose 7.6 points to 982.50 and Nasdaq 100 futures gained 9.25 points to 1,610. Futures on the Dow Jones Industrial Average rose 66 [...]
Hot Topic: Health-Care Overhaul May Advance With US House Deal, Cost Cut
(LTN) — Top Democrats in Congress quelled a rebellion by party lawmakers over legislation overhauling the US health-care system, and the measure gained momentum in both the House and Senate.
White House officials and congressional leaders struck a deal with dissident Democrats who had blocked the bill in the House for weeks.
In the Senate, Finance Committee [...]
Stocks around the World Climb as Earnings Top Estimates
(LTN) — Hot Topic: Stocks around the World Climb as Earnings Top Estimates; BT, Honda, Alcatel Gain
Stocks are rallying around the world as companies from BT Group Plc to Honda Motor Co. and Alcatel- Lucent SA reported earnings that beat analysts’ estimates.
BT Group, the U.K.’s largest fixed-line phone company, rallied 11%. Alcatel-Lucent, the world’s biggest [...]
The China Compass – The Beijing Axis
(LTN) — I have just finished reading The China Compass, without doubt the best no-nonsense beginners guide to China I have ever read. The publication sets out China by industry and region in graphic detail and is a great reference guide for anyone researching the Chinese market regardless of how long you have been in [...]
Red Roadmaster Stock Talk
(LTN) — Re-cap of the US Stock Market Action for 29 July 2009 + Stock Talk
US stocks retreated on Wednesday in this near term consolidation.
The DJIA shed 26 pts, or 0.29%, to close at 9,070.72, the S&P 500 lost 4.47 pts, or 0.46% to close at 975.15, and the NAS closed minus 7.75 pts, or [...]
Hot Topic: Crude Oil slides 6% on unexpected inventory surge
(LTN) – Crude Oil prices sank about 6% on Wednesday after data showed crude inventories surged the most since April, reminding the fundamentals were still weak.
Light, sweet crude for September delivery closed off US$3.88, or 5.8% to settle at US$63.35 bbl on the New York Mercantile Exchange.
According to the US Energy Department’s Energy Information Administration (EIA), [...]
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