Saturday, October 31, 2009

11/1 Free Daily Swing and Day Trading Stock Picks - Stock Charts - Education

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Dow Jones Largest Fall Since April of 2009: Current Rally based on VShaped Recovery Hopes and Sustained Spending. Credit Card Mail Offers Fall from 2.1 billion in Q3 of 2006 to 391 million in Q3 of 2009.
October 31, 2009 at 6:46 pm

The Dow Jones Industrial Average falling 249 points on Friday was a significant turning point in this rally because it came on the back of a 200 point jump just the subsequent day...

Barrons: A Scare that Can Last Beyond Halloween Technical Analysis
October 31, 2009 at 2:54 pm

Since technical analysis is more art than science, I rarely will post someone elses...

On Revisions and on Conditioning
October 31, 2009 at 2:54 pm

Both have to be handled with care. Revisions Were all tempted to make predictions...

Halloween Video Commentary
October 31, 2009 at 2:52 pm

...

Neutral Tandem, Inc. TNDM
October 31, 2009 at 12:42 pm

Bearish flag

Stock Pick of the DayOct 31
October 31, 2009 at 10:04 am

The Bank of America stock has been showing signs of trend reversal and is likely to search for its lower support around 14, from where it started moving up a few months back. It would be advisable to short the Bank of America stock it it fails to show signs of recovery from 14, failing which it could it could even fall to 12.2...

Market CommentaryOct 31
October 31, 2009 at 9:47 am

The entire rally fuelled by a strong report on initial GDP growth estimates of 3.5 on Thursday, faded out on Friday. The fall in consumer spending and outlay for October left traders with doubts on the strength of GDP growth, particularly in light of the low base for previous year. The widespread losses came on the street came in the wake of government data, which suggested that the consumer sentiment for the last month dropped by 0.5 in last month...

May 2008: The Last Time We Saw Major Breadth Divergences Like This
October 31, 2009 at 4:57 am

This morning, I wrote about the lengthy Market Internal...

Gold vs Silver..Why The Debate by Market Sniper
October 31, 2009 at 4:55 am

It is mildly amusing that when the precious metals markets are in confirmed up trends that the perennial debate of whether it is best to own gold or silver always comes to the fore...
 

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11/1 Global Real Estate & Investment News from Propertyshowrooms.com

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Australian property prices in fresh rise
October 29, 2009 at 8:00 pm

Property prices in Australian state and territory capital cities have shown a fresh rise, according to new figures.

The latest survey by Australian Property Monitors has shown that in the three months to September the average house in such cities went up by in price by 3.7 per cent, while units were up by 3.4 per cent.

The highest increase was in Melbourne at 6.1 per cent, followed by Tasmanian capital Hobart at 5.4 per cent, while Sydney saw a 3.6 per cent increase.

Brisbane saw the smallest rise of the big cities at one per cent.

Such a trend may encourage those hoping to buy property in Australia in the expectation of capital gains.

Perth's rise was below average at 1.7 per cent, but professor of economic policy at Curtin University Peter Kenyon said earlier this week that prospects for the city are looking up, with Western Australia's mining sector recovering.

He told the Daily Telegraph: "Consumer confidence is back, business confidence is back and interstate and overseas migration continues."


Turkey 'a cheaper place to live'
October 29, 2009 at 8:00 pm

Expats could be attracted to Turkey by its low cost of living, it has been suggested.

Turkish newspaper Didim Today said this is 60 per cent less than in the UK, something that might tempt those considering buying in the country.

People wondering whether it is the right country to live in need to find out more by going there, Julian Walker of Turkish property specialists Spot Blue was quoted as stating by the news provider.

He said: "A lot of people from Britain haven't visited Turkey before and are anxious about it. But once they see how much beautiful, open space there is, they understand its potential."

According to Deutsche Bank, Turkey is set to see five to six per cent price rises annually over the next ten to15 years.

Speaking to the Financial Times earlier this month, founder of broker Istanbul Mortgage Bahadir Teker said the current climate of low interest rates, affordable housing and plentiful mortgage supply makes now a good time to invest in property in the country.

Turkey will remain a popular location with Britons taking overseas holidays next year because of its favourable exchange rate, American Express has predicted.

Such a situation could encourage those involved in investing in tourist rental property.


US recession 'to be declared over'
October 29, 2009 at 8:00 pm

The US recession will officially end today, it has been predicted.

Data from the country's government is expected to show that the economy stopped contracting and began growing again between July and September.

A poll of 79 economists by Bloomberg found the median estimate was for an annualised rate of 3.2 per cent growth.

Commenting on this expectation, economist at Bank of Tokyo-Mitsubishi UFJ in New York Chris Rupkey told the news agency: "At this stage the numbers are just going to tell you the recession is over and now the argument is going to centre on the speed of the recovery."

An end to the US recession could be good news for those keen to buy US real estate there, as an upturn may help property prices to go up as conditions such as employment levels start to improve in the months ahead.

Ensuring the recovery is lasting and that another crisis does not recur means there must be more regulatory reform, Federal Reserve chairman Ben Bernanke remarked last week.

 

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11/1 Yahoo! News: Business

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Britain to create three new retail banks: reports (AFP)
October 31, 2009 at 10:27 pm

The London headquarters of the Royal Bank of Scotland are pictured in this file photo. Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports.(AFP/File/Carl de Souza)AFP - Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports.



SEC in settlement talks with BofA, UBS: report (Reuters)
October 31, 2009 at 7:30 pm

Reuters - The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.

Former hedge fund executive charged by SEC (Reuters)
October 31, 2009 at 6:34 pm

Reuters - A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.

Obama says new data shows U.S. economy recovering (Reuters)
October 31, 2009 at 6:04 am

President Barack Obama speaks at the signing of the Ryan White HIV/AIDS Treatment Extension Act of 2009 in the Diplomatic Reception Room at the White House in Washington, October 30, 2009. REUTERS/Jim YoungReuters - President Barack Obama used his weekly radio address on Saturday to tell Americans that this week's positive job and economic growth figures are yet more evidence that the U.S. economy is recovering.


 

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Friday, October 30, 2009

10/31 Free Daily Swing and Day Trading Stock Picks - Stock Charts - Education

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Intraday Bounce at SP 1034
October 30, 2009 at 6:37 pm

Just an update... we fell to SP 1034 earlier in the session about 1:30 PM ...

Sell Sell Sell Everything Must Go
October 30, 2009 at 6:27 pm

Yikes Not a good week. Not at all. At least not if youre a bull...

Using the Short SPY for Protection
October 30, 2009 at 3:09 pm

The ProShares UltraShort SPY NYSE: SDS has climbed concurrent with overall equity...

Buffalo Trader Bullish Reversal Report for 10302009
October 30, 2009 at 3:08 pm

These articles describe the statistical probabilities of long positions on these equities, based on neural net projections, for the next 515 trading days. These are not holy grail methodologies, the road to easy street, or anything else. These projections are...

Daily Market Internals Now Failing to Confirm Rally from March Lows
October 30, 2009 at 3:08 pm

Lets take a look at the full SP 500 rally from the March 2009 lows and...

MarketBased Health Care Reform: Retail Clinics Partnering With Hospitals
October 30, 2009 at 3:08 pm

From the MinneapolisSt. Paul StarTribune: In a marriage of giants, Allina Hospitals...

Bruce Springsteen, Madonna, before Nirvana By Fayssoux
October 30, 2009 at 3:06 pm

OK, 1987 not 1985. Brings back memories. System problems. Institutional trading strategies no one fully understood...

Pullback Surpasses 2009 Mean
October 30, 2009 at 11:07 am

While this might not provide a great deal of comfort to longs, I have updated the...

VIX Up 26 to 31.20
October 30, 2009 at 10:47 am

For the record, the VIX only spiked more than 26 on two days during the financial...

MrSwing Lite Swing Trading Picks 10302009
October 30, 2009 at 9:43 am

Some Potential Swing Trading Opportunities for today...

POSTGDP WAKEUP CALL
October 30, 2009 at 9:19 am

Todays income and spending report for September takes the shine off of yesterdays glowing GDP news...

Hugh Hendry Resurfaces on CNBC October 2009
October 30, 2009 at 9:19 am

We havent seen Hugh Hendry, hedge fund manager of Eclectica on CNBC since...

Carlsons dividend trio
October 30, 2009 at 9:18 am

One way to build an inflation hedge into your investment cash flows is...

OncoGenex OGXI: Targeting cancer treatment
October 30, 2009 at 9:18 am

OncoGenex NASDAQ:OGXI is a developmentstage biopharmaceutical company...

Think or Swim Indicators
October 30, 2009 at 9:16 am

Weve had people asking about Think or Swim indicators for a while now and tonight we have a couple that are ready for release. This is a tick chart of the ES and you can see how the scalpers, Value and squeeze work...

MasterSwings, Friday, October 30
October 30, 2009 at 8:28 am

We look at two stocks today...

ERY
October 30, 2009 at 6:11 am

ERY is a 3X leveraged bearish energy ETF. It trades fast and furious, but if you get...

Market CommentaryOct 30
October 30, 2009 at 4:46 am

Stocks rallied on Thursday in a broadbased advance as a strong report on economic growth in the third quarter reassured investors that the recovery is on track in US. Even the nominal drop in initial jobless claim also failed to bring any correction in the markets which remained upbeat throughout the trading session on Thursday on release of GDP estimates...

Black Monday Ancient History or Possible Future
October 30, 2009 at 4:17 am

I wanted to share a portion of an article written by Robert Prechter of Elliott...

A welcome GDP report
October 30, 2009 at 4:17 am

The Commerce Department reported today that the seasonally adjusted real value of...

Stock Market Commentary: Relief bounce
October 30, 2009 at 4:16 am

If volume was higher there would be a stronger case for another reaction low in the...

Equities Rally on Thursday, Dow Gains 200 by Drew
October 30, 2009 at 4:15 am

Hello Slopers, Drew here from Tilt with a recap of Thursdays session...

Long Gold, Short Silver by Gary
October 30, 2009 at 4:15 am

Hi Slopesters... Gary from biiwii posting after reading that Tim is going short the GLD...
 

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10/31 Global Real Estate & Investment News from Propertyshowrooms.com

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Australian property 'still affordable'
October 28, 2009 at 8:00 pm

Australian property is still much more affordable than it was a year ago, despite a recent rise in the relative cost of buying a home, it has been stated.

The HIA-CBA First Home Buyer Affordability Report for the third quarter of 2009 said that the country's market became 3.3 per cent less affordable for first-time buyers in this period.

However, this still left the index showing a 35.7 per cent improvement on 12 months earlier.

Senior HIA economist Ben Philips observed: "Housing remains more affordable in 2009 than it was through most of the rest of the decade."

However, actions such as increasing the rate of building new homes would be needed to avoid this slipping further, he stated.

The figures predated the decision by the Reserve Bank of Australia to raise the cash rate from three per cent to 3.25 per cent.

Such a move will actually be beneficial for the country's property sector, suggested Brian White, the chairman of real estate firm Ray White.

He said this week it would help provide more stability in the sector.


Western Australia 'to see new boom'
October 28, 2009 at 8:00 pm

The economic prospects for Western Australia are looking up again, it has been claimed, something that could boost property prices there.

Speaking about the mood a year ago when the financial crisis was at its worst, professor of economic policy at Curtin University in Perth Peter Kenyon said there was much "doom and gloom", the Daily Telegraph reports.

He added: "Everybody was talking about it being worse than the Great Depression, but consumer confidence is back, business confidence is back and interstate and overseas migration continues."

Professor Kenyon highlighted mining as being a major source of growth in the state, with base metals rising in price again.

State capital Perth is now seeing house prices increasing for the first time in 18 months, the paper noted.

The Australian property market will benefit from the extra stability provide by this month's 0.25 per cent increase in the cash rate by the Reserve Bank of Australia, Brian White, the chairman of real estate firm Ray White, said recently.


Brazilian state's appeal highlighted
October 28, 2009 at 8:00 pm

The qualities of the Brazilian state of Rio Grande do Norte have been described by its economic development secretary.

Speaking at the Why Brazil? Why Now?: tourism event at the Brazilian embassy in London, Francisco Cipriano de Paulo Segundo said it had plenty to offer.

He remarked: "We have a lot of good wonderful beaches, 410 km of beach with warm water and we are very close to Europe. The Natal district is closer to Europe than all of Brazil."

Such features may help attract both European visitors and those keen on buying tourist-related property in Brazil.

The country as a whole has seen an increase in interest in property in recent weeks, after Rio de Janeiro was awarded host status for the 2016 Olympics, it has been noted.

Currency exchange firm Moneycorp said last week it was setting up a special exchange service to change sterling to reals in order to deal with the increased demand for such transactions.


Brazilian economy 'in good shape'
October 28, 2009 at 8:00 pm

The Brazilian economy is set to do well in the future as it has not suffered badly in the credit crunch, a government official has said.

Speaking at the Why Brazil; Why Now event in London, co-ordinator of inward investment at the Ministry of Tourism Laercio Souza noted that only 1.2 per cent of gross domestic product had been spent on a stimulus package.

He also noted that the middle class is growing rapidly and the levels of personal indebtedness are low, with banks being well resourced.

Such factors may influence those keen on buying overseas and looking for economies with strong emerging prospects.

Mr Souza said that popular locations for second home buyers in the domestic market include Santa Cantarina or Florianopolis, something overseas buyers may want to consider.

Those keen on investing in the tourist rental sector may be encouraged by news from the Brazilian Tourist Board that overseas visitor numbers increased by 0.5 per cent on a year-on-year basis in 2008, with the British contribution rising from 177,000 to 181,000.


Brazil 'set to boom'
October 28, 2009 at 8:00 pm

Brazil is set for a major property boom when international butyers return in large numbers, it has been predicted.

Executive chairman at construction firm Confide Brasil Javier Fernandez-Pena said recent years saw property developments taking place with the international buyer in mind, but these have diminished in number due to the world economic downturn.

However, he said, the growing domestic sector has stepped into the breach and is helping the market to keep growing.

Looking to the future, Mr Fernandez-Pena added: "International buyers will come back to Brazil as it is starting to be seen as fashionable or the location of the next real estate boom."

He suggested that 2016 Olympic host Rio de Janeiro will offer a "tremendous opportunity" to attract such buyers.

Mr Fernandez-Pena was one of a number of speakers at the Why Brazil? Why Now? event in London.

Among the others were co-ordinator for inward investment at the ministry of tourism Laercio Souza, who noted that thanks to the domestic market, towns such as Santa Cantarina and Florianopolis are already emerging as popular second-home destinations.


Cape Verde tipped for property boost
October 28, 2009 at 8:00 pm

Cape Verde's property sector could see a major boost from the tourist industry thanks to the launch of a new inter-island ferry service.

Until now the one way to get swiftly from one island to another in the archipelago has been by air and chief executive of real estate firm Norcasa Paul Akwei said the move could have a major impact.

He stated: "This is a huge opportunity for the prosperity of Cape Verde and for anyone with invested interests in the islands, such as property."

Mr Akwei said it would make travel cheaper and could open up the country more to the under-25s market, particularly as there are activities available like hiking, fishing and kite-surfing.

Cape Verde has already received one potential boost to its tourism earlier this year, when its first ever capital city was declared a UNESCO World Heritage site.

The title was given to Cidade Velha, which lies south of the current capital, Praia.


Eurostar 'makes south-west France more accessible'
October 28, 2009 at 8:00 pm

Many parts of France are now much more accessible and therefore attractive to Britons because of the Eurostar, it has been stated.

A Times feature on the issue found that Britons are increasingly keen to live in certain parts of France, Germany and the Low Countries that have easy connections with the cross-channel service, so that they can get back to Britain quickly at any time.

This includes areas served by other high-speed rail, such as the south-west of France, according to sales manager for international property firm Assetz Martin Sadler.

He remarked: "Eurostar's connection to the TGV has opened up areas of the south-west of France, which previously had been hard to get to."

Being close to such connections can add a premium to the price of up to 15 per cent, noted head of Savills International Charles Weston Baker.

Earlier this month, director of expat portal Shelter Offshore Rhiannon Davies said the "fantastic lifestyle and an affordable cost of living" draws many Britons to rural parts of the country.


Malaysia tipped for recovery
October 28, 2009 at 8:00 pm

Malaysia has been predicted to see further property market recovery soon, it has been noted.

Property Abroad reported that housing and local government minister Datuk Seri Kong Cho Ha has expressed optimism about the near future as the economy improves.

Speaking at the recent National Property and Housing Summit 2009, he said: "Prices of houses are expected to see further upside, driven by huge liquidity in the economy as well as further rebound in residential rent."

Mr Ha also said the overall economic revival around the world would benefit the country's property market.

The portal stated that Malaysia could offer a number of advantages for UK residents, with legal documents written in English and no inheritance tax.

Earlier this month, chairman of Regroup Associates Christopher Boyd wrote in the Kuala Lumpur-based Star Online that the country has good long-term prospects.

He said this is the case as Malaysia has a low population and rich resources, a combination making it attractive to immigrants from heavily-populated neighbouring countries.


Morocco 'seeing property rise again'
October 28, 2009 at 8:00 pm

Morocco's property sector has bounced back from the dip it saw after 2007 and is offering good reasons to invest again, it has been stated.

In an article on the country, Buy Association said that capital gains of up to 35 per cent are possible.

The portal noted that the government of the country has been taking action to help boost the economy and property sector, including providing financial incentives for Moroccan expats to buy houses in their homeland.

Another measure is one of major slum clearance projects.

The wider economy is being aided by investment in tourism infrastructure and high-speed rail, something that could interest those looking to invest in tourist property.

Earlier this month, Global Arab Network said that many overseas buyers like to purchase a riad in a town like Marrakech, Essaouria and refurbish it.

It suggested a cheaper alternative might be to invest in a new apartment in Tangier.


Lanzarote 'seeing market hold up'
October 28, 2009 at 8:00 pm

Lanzarote's property market is faring better than most of Spain, it has been noted.

In a feature on the prospects of living on the island, the Daily Telegraph revealed that according to official statistics, prices have only dipped by four per cent in the past year.

This compares with 12 per cent across Spain as a whole.

As well as being more stable price-wise, the island could also be more appealing, as its architectural blueprint adopted when mass tourism arrived in the 1960s involved no tall buildings and painting all new structures white.

Another factor that could bolster the island is that budget airlines such as Ryanair, Monarch and Jet2 are increasing their flights to Lanzarote while cutting back elsewhere, the paper noted.

Last week, Martin Dell of Kyero.com said that Spanish property now offers some good investments as there is a real prospect that the bottom of the market is close.


New flights launched to Canaries
October 28, 2009 at 8:00 pm

The Canary Islands could be in line for a property market boost as low-cost airlines announce new flights from the UK.

Budget carrier easyJet has revealed that three new services will fly to the archipelago from early next month, with both the north and south of England gaining extra flights.

A Liverpool to Fuerteventura service will begin on November 2nd and flights to Lanzarote will start from the same location the next day.

On November 4th, a new service will commence to Fuerteventura from London Stansted.

Such routes are among 22 new winter schedule services revealed by the airline, which may suggest that locations in places like the Spanish islands are likely to see more tourism and property trading as economic conditions improve.

The boost from easyJet follows the launch last week of new flights from Monarch.

It is now running an extra two flights a week to Gran Canaria from Birmingham, London Gatwick and Manchester, as well as routes to Fuerteventura from Birmingham, London Gatwick, London Luton and Manchester.


Turkey and Egypt 'to stay popular'
October 28, 2009 at 8:00 pm

Turkey and Egypt are set to remain as popular tourism destinations in 2010, according to American Express.

Figures from the firm's Global Foreign Exchange Services Currency Index showed that the two countries became increasingly popular this year as summer holiday destinations, with more favourable exchange rates with sterling than the euro.

This saw a 60 per cent year-on-year rise in demand for Egyptian pounds and a 26 per cent increase for Turkish lira.

Such a trend is likely to continue next year, the firm predicts, which could make these countries a good place for those investing in tourist property to buy.

One Turkish resort recently tipped to fare particularly well in 2010 is Altinkum.

Earlier this month, Didim Today reported that a new golf course is planned for the area, in addition to the marina currently being built.

Editor of the Buying in Turkey guide Dominic Whiting told the paper: "It will certainly broaden the area's appeal and have a positive effect on the property market."

 

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10/31 Yahoo! News: Business

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Nine U.S. banks seized in largest one-day haul (Reuters)
October 31, 2009 at 12:11 am

Reuters - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.

CIT moves closer to pre-packaged bankruptcy approval (Reuters)
October 30, 2009 at 10:51 pm

Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, June 27, 2007. REUTERS/Chip EastReuters - CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health.



China sees bumpy road ahead for export recovery (Reuters)
October 30, 2009 at 10:48 pm

Reuters - A gradual global economic return to health will help Chinese exports grow again, but there are still many uncertainties and any recovery will be "hard and tortuous," China's Commerce Ministry said.

Time Warner to take $100 million charge on Time cuts: sources (Reuters)
October 30, 2009 at 7:43 pm

Reuters - Time Warner Inc is set to take a restructuring charge of around $100 million for planned job cuts at its Time Inc publishing unit, according to people familiar with matter.

Retailers suspend business with Mich. fruit grower (AP)
October 30, 2009 at 6:25 pm

AP - Wal-Mart and two other top retailers said Friday they are suspending business with a large southwestern Michigan blueberry grower after investigators found children as young as 6 working in the grower's fields.

Ford seen narrowing loss, focus on cash burn (Reuters)
October 30, 2009 at 4:11 pm

Reuters - Ford Motor Co is expected to post a narrower quarterly loss with support from the U.S. government "cash for clunkers" program, but the focus will be on the outlook for the U.S. economy and auto industry sales.

Retail gas prices highest in a year (AP)
October 30, 2009 at 4:04 pm

Oil traders work in the options pit on the floor of the New York Mercantile Exchange Wednesday, Oct. 28, 2009.  (AP Photo/Richard Drew)AP - Retail gasoline prices chugged higher Friday to a new peak for the year, forcing consumers to dig deeper into already-thin wallets to pay for fuel.



Feds taking action against reverse mortgage lender (AP)
October 30, 2009 at 3:10 pm

AP - The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii.

Md. man sentenced to prison for mortgage fraud (AP)
October 30, 2009 at 2:47 pm

AP - An Oxon Hill man has been sentenced to more than three years in prison for a mortgage fraud tied to 25 properties in Maryland, D.C. and Virginia worth millions of dollars.

CIT, Icahn agree on restructuring plan (Reuters)
October 30, 2009 at 2:38 pm

Reuters - Billionaire investor Carl Icahn, who had challenged CIT Group Inc's restructuring plan, said on Friday he was now backing the company's pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender.

A look at economic developments around the globe (AP)
October 30, 2009 at 1:59 pm

AP - A look at economic developments and activity in major stock markets around the world Friday:

Oil prices sink after surging on US growth data (AFP)
October 30, 2009 at 12:51 pm

Oil prices sank Friday, mirroring losses on global stock markets, after surging the previous day on news that the United States had emerged from recession.(AFP/Getty Images/File/David Mcnew)AFP - Oil prices sank Friday, mirroring losses on global stock markets, after surging the previous day on news that the United States had emerged from recession.



Consumer spending falls as sentiment sours (Reuters)
October 30, 2009 at 11:24 am

Reuters - U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragile nature of the economy's recovery even as signs emerged that manufacturing activity may be picking up.

U.S. consumer sentiment dips in Oct: survey (Reuters)
October 30, 2009 at 10:46 am

Reuters - U.S. consumer sentiment slipped this month as Americans fretted about personal finances and focused on paying down debt, a survey showed on Friday.

Chevron profit hit by oil, refinery weakness (Reuters)
October 30, 2009 at 10:08 am

Motorists are shown at gas pumps at a Chevron gasoline station in Burbank, California, July 31, 2009. REUTERS/Fred ProuserReuters - Chevron Corp posted a 51 percent drop in quarterly profit on Friday, the latest oil giant to be hit by the steep decline in oil and natural gas prices and the anemic margins for refineries.



NYSE Euronext beats Street view; sells Liffe stake (Reuters)
October 30, 2009 at 9:15 am

Reuters - Cost-cutting helped NYSE Euronext beat earnings expectations, and the transatlantic exchange operator announced the sale of a big stake in its U.S. derivatives exchange.

Stock futures signal dip after strong rally (Reuters)
October 30, 2009 at 6:30 am

FILE - In this July 23, 2009 file photo, a Wall Street sign hangs in front of the American flag on the facade of the New York Stock Exchange in New York. Stocks logged their best day in three months Thursday, Oct. 29, 2009, as investors rushed into the market on word the economy grew faster than expected during the summer. (AP Photo/Mary Altaffer, file)Reuters - U.S. stock index futures pointed to a slightly lower open on Wall Street on Friday following the previous session's sharp rally, with futures for the S&P 500 down 0.35 percent, Dow Jones futures down 0.17 percent and Nasdaq 100 futures down 0.09 percent at 6:10 a.m. EDT.



NYSE Q3 beats consensus, sells Liffe U.S. stake (Reuters)
October 30, 2009 at 5:32 am

Reuters - NYSE Euronext said on Friday it is selling a "significant equity interest" in its derivatives exchange NYSE Liffe U.S., as it posted a 28-percent drop in third-quarter earnings.

German retail sales post second straight drop (AFP)
October 30, 2009 at 5:06 am

A woman shops for clothes at a Hertie department store in the southern German city of Munich. German retail sales have fallen for the second consecutive month in September, a sign that household demand remains weak amid persistent fears that unemployment will climb in the coming months.(AFP/DDP/File/Joerg Koch)AFP - German retail sales fell for the second consecutive month in September, a sign that household demand remains weak amid persistent fears that unemployment will climb in the coming months.



JP Morgan raised concerns about Galleon in 2001: report (Reuters)
October 30, 2009 at 2:32 am

Reuters - JP Morgan Chase & Co raised concerns about Galleon hedge fund founder Raj Rajaratnam and his associates as far back as 2001, the Financial Times reported, citing an internal company document seen by the newspaper.

Sony posts 4th straight quarter loss (Reuters)
October 30, 2009 at 2:28 am

The headquarters of Sony Corp is seen in Tokyo December 10, 2008. REUTERS/StringerReuters - Sony Corp (6758.T) posted a loss for the fourth consecutive quarter, hit by sluggish cellphone sales and as it cut prices of its PlayStation 3 game gear, but trimmed its full year loss forecast close to market expectations.



Asia stocks rebound from slide, earnings a boost (Reuters)
October 30, 2009 at 2:00 am

An investor walks with his son in front of a screen showing stock information at a brokerage house in the financial district of Beijing October 29, 2009. REUTERS/David GrayReuters - Asian stocks bounced back on Friday from their worst drop in two months, with investors taking heart from the United States' return to economic growth, which gave reassurance on the recovery's staying power.



China's Nasdaq-style market sizzles on debut (Reuters)
October 30, 2009 at 1:56 am

Reuters - The ChiNext stock market , China's long-awaited Nasdaq-style second board, debuted on Friday with a speculative surge that more than doubled the price of all its 28 stocks -- a good sign for firms lining up to list on China's main stock markets.
 

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