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Showing posts from June, 2013

Looking Ahead Economic Reports for the Week Ahead / Europeans Angered by Report of U.S. Spying: NYT I ALERT FGC BOLSA - FGC FINANCIAL MARKETS; June 30, 2013.

ALERTS FGC BOLSA- FGC FIN Compiled:  June 30, 2013 Looking Ahead Economic Reports for the Week Ahead Data to be released includes manufacturing and unemployment reports and earnings from Samsung and Constellation Brands. Europeans Angered by Report of U.S. Spying By STEPHEN CASTLE European officials said a report that the United States had been spying on its allies could threaten talks with Washington on a huge trade agreement.

Technological Change in Asia; June 28, 2013: The Economist Group I Management Thinking Digest; June 28, 2013

Business leaders in Asia have gained greater access to fast-growing emerging markets but they are also contending with several constraints, including tightened budgets and regulatory burdens. Technological advances could lend Asia's business leaders a helping hand. In the latest EIU report, Technological change in Asia , commissioned by SAP, we consider how senior executives in Asia assess the value of technological change and which factors drive new technology adoption in the region. On our blog site James Chambers , an EIU editor, considers how investing in technology can help small businesses in more ways than one. Finally, we'll be hosting The Investment Agenda in Hong Kong on August 29th. The event will bring together asset managers and institutional investors to hear from invited experts about the economic outlook for the next 12 months, to debate a range of economic and market scenarios, and to identify new approaches in asset allocation and investmen

Stocks Drop in June, but Rally for the Quarter; Dow Logs Best 1st Half of Year Since 1999: Wall Street at Close Report by CNBC; June 28, 2013.

The Dow and S a P 500 finished near session lows as investors were reluctant to jump in following a three-day rally, but major averages still capped the volatile quarter with gains. All three major averages logged their third winning quarter in four. So far for the year, the Dow has surged more than 14 percent, while the S&P 500 and Nasdaq have spiked more than 13 percent each. Name Price Change %Change DJIA Dow Jones Industrial Average 14909.83 -114.66 -0.76% S&P 500 S&P 500 Index 1606.26 -6.94

Europe stocks fall to end bruising month, quarter: European Markets at Close Report by MarketWatch; June 28, 2013.

By Barbara Kollmeyer , MarketWatch    MADRID (MarketWatch) — European stock markets ended a three-day winning streak on Friday, dragged lower in part by concerns over growth in emerging markets and U.S. interest-rate policy.  • Breaking-news alerts: Get free email alerts the instant news breaks The Stoxx Europe 600 index XX:SXXP -0.49% ended the session down 0.5% at 285.02, putting an end to a three-session string of gains. The index finished June with a loss of 5.3%, for a second-quarter drop of nearly 3%.  For the week, it managed a gain of 1.7%.  “Given it is week, month and quarter end, there is an atmosphere across all key markets of book squaring,” said Stephen Pope, managing partner at Spotlight Ideas.  “I am building a sector model

Unexpected Distraction Makes Bernanke’s Job Harder : NYT I ALERT FGC BOLSA - FGC FINANCIAL MARKETS; June 28, 2013

FGC BOLSA- FGC FIN Compiled:  June 28, 2013 11:06:59 AM Common Sense Unexpected Distraction Makes Bernanke’s Job Harder By JAMES B. STEWART An all-but-confirmation by the president that the Federal Reserve chairman would not be reappointed at year’s end complicated an already delicate task.

Fed Has Not Changed Commitments, Official Says: The New York Times: ALERT FGC BOLSA - FGC FINANCIAL MARKETS: June 28, 2013.

FGC BOLSA- FGC FIN Compiled:  June 27, 2013 10:38:20 AM Fed Has Not Changed Commitments, Official Says By BINYAMIN APPELBAUM William C. Dudley, president of the Federal Reserve Bank of New York, said that any increase in short-term rates is “very likely to be a long way off.”

Trusting in gold - $1480 in 12 months, $2230 longer term: Gold Mining Sector - Gold Mineweb Top Stories; June 28, 2013.

TOP STORIES | Friday , 28 Jun 2013                                                      Trusting in gold - $1480 in 12 months, $2230 longer term “Never before have such enormous monetary policy experiments taken place on a global basis. If there ever was a need for monetary insurance, it is today.” says Ronald Stoeferle.    Friday , 28 Jun 2013 Gold set for worst quarter in 45 years; copper, oil also hit Gold is on track for its worst quarter since at least 1968, as worries that the US will wind down its stimulus punctured confidence.    Friday , 28 Jun 2013 It’s no fun being a gold miner CEO these days Ever falling gold prices are causing huge stress for gold mining company CEOs as they have to look at closures, cutbacks, writedowns and layoffs.    Friday , 28 Jun 2013 OSC survey finds 40% of Canadian NI 43-101 reports ‘unacceptable’ A sampling of NI 43-101 Technical Reports filed with Ontario Securities Commission reveals mining investors shoul

Wary Traders Await Domestic Cues Even as Overseas Data Encourage: RTTNews Market Analysis; June 28, 2013.

  Market Analysis   Wary Traders Await Domestic Cues Even as Overseas Data Encourage 6/28/2013  The major U.S. index futures are pointing to a narrowly mixed opening on Friday, with sentiment reflecting caution amid the overbought levels the markets have run into following the advances in the past three sessions. Nevertheless, economic cues continue to be positive. A slew of data released from Japan earlier in the global trading day vouched for the impact the new government’s stimulatory measures are having on growth. Some economic data released across the Atlantic has also been encouraging, with German retail sales growth exceeding expectations and the U.K. house prices rising strongly. The spotlight is now likely to be on a few Fed speec

Exclusive: Justice Department probing American, US Airways merger: Reuters I Deals Today; June 28, 2013.

Exclusive: Justice Department probing American, US Airways merger WASHINGTON (Reuters) - The U.S. Justice Department is taking depositions as part of a probe into a planned merger of American Airlines Inc and US Airways Group Inc that would create the world's largest airline, three sources close to the discussions told Reuters. New York Times receives multiple bids for Boston Globe: source (Reuters) - The New York Times Co has received multiple bids for The Boston Globe, according to a source familiar with the auction of the daily newspaper.   Malone gauges options for Charter, Time Warner Cable deal: report (Reuters) - John Malone, chairman of Liberty Media, is sounding out options for cable operator Charter Communications to acquire larger rival Time Warner Cable, according to a media report. Software moguls Ellison and Benioff end feud, jump into deal SAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison and Salesforce.co

TODAY'S MOST POPULAR STORIES from THE WALL STREET JOURNAL ONLINE; June 28, 2013.

TODAY'S MOST POPULAR STORIES from THE WALL STREET JOURNAL ONLINE 1.  Google Is Developing Android Game Console 2.  Senate Passes Immigration Bill 3.  Ecuadorean Disarray Clouds Snowden Bid 4.  Opinion: Noonan: Cover the IRS, Don't Cover for It 5.  Corzine Charged in MF Global Collapse 6.  Opinion: Glenn Harlan Reynolds: What's Really 'Immoral' About Student Loans 7.  Shortlist Started for Bernanke's Job 8.  You There, Rafa? It's Me, Roger. 9.  Don't Let Your Babies Grow Up to be Tennis Pros 10.  High Court: A Tale of Two Justices

Financial and Forex Info I Kitco Latest Gold News; June 28, 2013.

 Latest Gold News NY Time Fed Officials Intensify Effort to Curb Surge in Interest Rates - Bloomberg, Jun 28 2013 7:19AM Prices to Remain Weak: Phil Newman - Kitco News, Jun 28 2013 7:16AM Better News for the PGMs? - CPM Group - Kitco News, Jun 27 2013 4:40PM Silver Underperforms Gold In 2013 But Expected To Regain Upper Hand - Kitco News, Jun 27 2013 2:42PM Mechanisms Not In Place To Push Gold Higher: BMO - Kitco News, Jun 27 2013 1:45PM Gold Prices Could Tumble Further – Duke Professor - Kitco News, Jun 27 2013 10:13AM CPM Anticipated Correction: Jeff Christian - Kitco News, Jun 27 2013 11:13AM Gold Drops to Nearly 3-Year Low in Strong Sell-Off Late; Sell Stops Hit - Kitco News, Jun 27

Stock futures rise as Fed panic subsides: US Stock Market Future Indications by MarketWatch; June 28, 2013.

By Barbara Kollmeyer , MarketWatch    MADRID (MarketWatch) — U.S. stock futures rose on Friday, with Wall Street setting up for a fourth-straight winning session, but still on track for the first monthly drop this year. Upbeat overseas data was underpinning sentiment as investors looked ahead to consumer data and more U.S. Federal Reserve speakers.  Earnings from BlackBerry were also on tap.  Futures for the Dow industrials DJU3 +0.40%  rose 52 points, or 0.4%, to 14,988, while those for the Standard & Poor’s 500 index SPU3 +0.32%  rose 6.5 points, or 0.4%, to 1,613.10. Futures for the Nasdaq 100 index