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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: oldirtybastard who wrote (68284)	11/17/2010 5:00:20 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218068

fab, works very education but sadly true even if funny youtube.com meantime, just in in-tray Subject: Overnight Bullet Point Summary · European equities open weaker; FSTE -0.3%, DAX -0.1%, CAC -0.2% o WSJ - European finance ministers working on an international aid package for Ireland want the UK to make bilateral loans to Dublin as part of a larger aid package which could total as much as EUR 100bln o EU’s Rehn says too early to say when intensified talks with Ireland could be concluded o Asian indices end mixed; Nikkei +0.15%, Hang Seng -2.02%, ASX 200 -1.62% § Chinese Premier Wen Jiabao - government is preparing steps to tame price rises, adding his voice to official efforts to reassure consumers irked by a rapid rise in the price of food § Chinese Securities Journal - China could raise interest rates for a second time this year as soon as Nov. 19 § Softer Yen supports Nikkei o Spot Gold prices down $4.06. Shanghai copper slides limit down, LME Copper – 1.04%. US Crude futures fall $1.00 o Bunds open 20 ticks higher · Austrian finance minister - the next instalment of the EU/IMF emergency loan to Greece has been delayed from December to January o Greek officials were quick to stress that the delay was purely due to technical reasons · UK October Jobless Claims Change -3.7K mom vs. expected 6.0K (previous 5.3K revised to 1.3K) First fall since July o UK October Claimant Count Rate 4.5% mom vs. expected 4.5% (previous 4.5%). o UK September ILO Unemployment Rate 7.7% 3mon/year vs. expected. 7.7% (previous. 7.7%) · BOE voted 1-7-1 to keep the benchmark interest rate unchanged at 0.5%, and the asset purchase target unchanged at GBP 200bln o Sentance voting for a 25 basis point hike in the benchmark interest rate and Posen once again voting for additional QE · Portugal 3rd QTR Unemployment rises to 10.9% vs previous 10.6% · United Nations – World should brace for higher food prices o body forecast that the global bill for food imports will top $1,000 billion for just the second time, adding to fears of rising inflation in emerging countries from China to India . o Forecasts food import bill will surge to $1,026 billion this year, up nearly 15 percent from 2009 and within a whisker of an all-time high of $1,031 billion set in 2008 during the food crisis · MBA Mortgage Applications-14.4% wow vs. previous 5.8% o Largest drop this year in US mortgage applications so far o MBA's average 30-year mortgage rate rises to 4.46% vs. Prev. 4.28% o Rise in average MBA 30-year mortgage rate biggest since April · Portugal borrowing costs soar at 12 month bill auction o Sells 750 MLN Euros of 12 month bills at 4.813% (compares to 3.26% at Nov 3 auction) o Bid to Cover 1.8 (previous 2.2) · London Clearing House doubles margin on members trading in Irish Government Bonds to 30% (previously rose to 15% on Nov 10) · Germany raises security level due to attack warnings o Interior minters warns on indications towards planned attacks o Police raising security levels at train stations and airports · Warren Buffett, the chairman of Berkshire Hathaway writes open “thank you letter” in NYT thanking US Government / Fed o Says the U.S. government’s intervention in the financial crisis had stopped many companies from going under, saved millions of jobs and restored calm · US October CPI 0.2% mom vs. expected 0.3% (previous. 0.1%), 1.2% yoy vs. Exp. 1.3% (Prev. 1.1%) o Ex. Food & Energy 0.0% mom vs. expected 0.1% (previous. 0.0%), 0.6% yoy vs. Exp. 0.7% (previous. 0.8%) · US October Housing Starts 519K mom vs. expected 598K (previous. 610K, Rev. to 588K) o the fewest since a record low reached in April 2009 o -11.7% mom vs. expected -2.0% (previous. 0.3% revised to -4.2%) · US October Building Permits 550K mom vs. expected 568K (previous. 539K revised to 547K) o US Building Permits +0.5% mom vs. expected 3.9% (previous. -5.6% revised to -4.2%) · Boston Fed President Rosengren o sees completing the USD 600bln of purchases o would need to consider more action if the economy weakens, inflation falls more, or if the jobless rate rises o Fed easing could add 700 K jobs · Klaus Regling – Head of the European financial Stability Facility o UK has made it very clear they will participate in aid for Ireland · Wall Street opens flat; S&P 500 off 0.47 points · US Fed buys 8.15 BLN of US Treasuries maturing between Feb 2018 and 2020 · European Union and International Monetary Fund will start scanning the books of Ireland ’s banks tomorrow o Analysts comment - a prelude to aid package o Finance chiefs from the euro area comment the joint assessment will determine whether Ireland can fix the banking system on its own or needs to fall back on the EU-IMF 750 billion-euro ($1 trillion) rescue fund. · St Louis Fed President Bullard o Looks like fed will purchase at this pace through end of Q2 2011 · White House spokesman Robert Gibbs o White House believe Europe has the ability to deal with the crisis in Ireland and other European countries · US Republican Senators talk after briefing with Federal Reserve Chair Beneranke o Bernanke defended fed bond buying plan o Plan could create 700 K jobs over 2 years o Program was not aimed at driving dollar o Fed worried about the risk of moving into deflation · Chancellor of the Exchequer George Osborne - Britain is willing to contribute to an aid package for Ireland · Four top Republicans write to Federal Reserve Chairman Ben Bernanke expressing “deep concerns” about the central bank’s second round of debt purchases o House Republican leader John Boehner of Ohio o House Republican Whip Eric Cantor of Virginia o Senate Republican leader Mitch McConnell of Kentucky o Senate Republican Whip Jon Kyl of Arizona . · As at 07:40 am AEST o Wall Street relatively flat; S&P 500 +0.31 points, Down -11.50 points o US Treasuries softer; Notes -007; Long Bonds -029, revesring earlier gains following GOP letter. o VIX Index holds at 22 o Gold prices down $5.50, crude off $1.92. 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