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Wednesday, December 1, 2010

China manufacturing grows more than expected

China's manufacturing grew at a faster pace for the fourth consecutive month in November, indicating that the economy can withstand higher interest rates as price pressures increase. The purchasing managers index rose to 55.2 from 54.7 in October, the China Federation of Logistics on its website today. That was more than the 54.8 median estimate of 14 economists surveyed by us. A PMI published by HSBC Holdings Plc jumped also. Today's reports showed that increasing input prices, strengthening the case that the central bank to boost borrowing costs again after that behind counterparts in Malaysia to South Korea. The concern that monetary tightening will hinder corporate profit growth driven by 8 percent selloff in the benchmark stock index in China in the last month. "The risk of a sharp...

European manufacturing grew faster in pace in four months

European manufacturing industries expanded at its fastest pace in four months in November, led by Germany, the largest economy in the region. An indicator of manufacturing sector in the 16-nation euro rose to 55.3 from 54.6 the previous month, London-based Markit Economics, said today. Previously reported an increase to 55.5 in November. A reading above 50 indicates expansion. Germany has led to the recovery of the region as global demand boosted sales in the companies of Daimler AG: BASF SE. The European Commission said on 29 November that the German growth will exceed the euro zone growth this year, the economies of Ireland, Spain and Greece may continue to fall. "Economic activity in the euro zone slowed in the third quarter and seems likely to be relatively moderate in coming months,"...

Suda Bank of Japan has little chance of deflation Winning FY 2011

Bank of Japan, Miyako Suda, a board member said the country probably will not overcome deflation in the year from April, a view that conflicts with the Central Bank forecasts moderate inflation in the year . "The chances of overcoming the fundamental negative prices for consumers in the next fiscal year are not high," Suda said in a speech in Yamagata, northern Japan today, referring to the 12 months from April. "It will take time to overcome deflation." Suda, senior member of the board whose terms expire in March, failed to offer proposals to beat more than a decade of price declines. The central bank in October cut its interest rates...

Gold rose for a third day

Gold rose for a third day, climbing to the highest level in over two weeks in New York as concerns about the debt crisis in Europe fueled demand for protecting the wealth and weakness of the dollar. The dollar fell from the highest level in more than two months against the euro amid speculation the European Central am responsible for meeting the Bank's policies may signal its willingness to act to prevent the spread of the debt problems of the region . Gold futures, which usually move inversely to the U.S. currency reached a record $ 1424.30 an ounce on November 09. The metal rose to a record price in euros. There are "too many complications...

Carrefour gave in Paris trading after cutting profit forecast full-year

Carrefour SA, the second world's largest retailer, fell the most in almost two years in Paris trading after cutting its earnings forecast, saying Brazil's depreciation will be more than three times higher than expected. the contribution of call activity, a measure of operating profit will amount to around 3 million euros (3.9 billion) in 2010, the Paris-based company said yesterday afternoon, cutting a previous forecast around 130 million euros. fees once in Brazil of 550 million euros, compared to an estimate made in October of 180 million euros, and now have non-operating revenue. The forecast revision is the second in two months from Carrefour,...

Lowe's Recalls 11 million blind after near strangulation incidents

Lowe's Cos., the second largest U.S. retailer home improvement, recalled 11000000 Roman shades and roller blinds after reports of two almost chokes, U.S. Consumer Product Safety Commission said. The CPSC said that Lowe's, based in Mooresville, North Carolina, recall all brands it sells two types of window coverings, with a total of 6 million and 5 million Roman shades roll up blinds. Consumers should stop using recalled products immediately and get the free repair kits, he said. Lowe's joins a retreat organized by the CPSC in December 2009 that covered more than 50 million Roman and roller blinds, also because of the dangers of strangulation, the agency said. That recall, one of the largest in the CPSC, covered all products sold in stores like Wal-Mart Stores Inc., Williams-Sonoma Inc. 's...

American International Group Sells $2 Billion of Bonds.

Bonds issued by American International Group Inc. rose in the secondary market, according to Trace, the bond information system in the prices of the Financial Industry Regulatory Authority. The insurance debt sold yesterday for the first time since 2008 his rescue by the U.S. government. The New York-based company $ 500 million of 3.65 percent notes due January 2014 rose 0.83 percent to 100.8 cents, from 8:39 am in New York, the tracking data show. The bond yields 179 basis points, points more than Treasuries of similar maturity after issuing a 295 basis points spread. AIG's $ 1.5 billion of debt of 6.4 percent due December 2020 rose 0.33 percent to 100.07 cents, a spread of 349 basis points, the tracking data show. The notes were issued with a relative yield of 362.5 basis points. "It...

Falling Treasuries amid speculation the ECB will end the crisis

Treasury bonds fell as speculation the European Central Bank may take additional measures to prevent the crisis in the euro region extends debt decreased the attractiveness of U.S. securities as a refuge. The 10-year bond fell for the first time in four days before reports that economists said will show U.S. manufacturing extended for a month 16 companies added the most jobs since the recession began in December 2007. The descents down the yield on the 10 years older after reaching its lowest level in a week yesterday. The Federal Reserve is set to buy $ 7,000,000,000 and $ 9 billion of bonds maturing in June 2016-November 2017 today as part...

Amgen, Bristol-Myers, Google, Mercer, Thermo Fisher

Shares of the following companies may have unusual movements in U.S. trade. Stock symbols are in parentheses and prices are from 7:50 am in New York. Amgen Inc. (AMGN U.S.): The company, the AM Nplate won the backing of the UK National Institute for Health and Clinical Excellence in the proposed draft guidelines for the treatment of a chronic bleeding disorder. The agency also advised Bristol-Myers Squibb Co. (BMY U.S.) and Otsuka Pharmaceutical Co., MA drug Abilify for use in the treatment of schizophrenia in people 15 to 17 years of age. Copart Inc. (CPRT U.S.): The online auction site to recover stolen vehicles reported first quarter revenue of 212.7 million U.S. dollars. Corinthian Colleges Inc. (COCO U.S.): The educational institution nonprofit, said Chief Executive Peter Waller resigned...

FTSE 100 Stocks Advance & UK stocks rose

UK stocks rose, with the benchmark FTSE 100 Index rebounding from its lowest level since September, after the China manufacturing grew for the fourth month, boosting commodity companies. Rio Tinto Group advanced 2.6 percent and Xstrata Plc rose 4.1 percent in metals prices obtained. Sage Group Plc rose 5.4 percent as the UK's largest software maker reported earnings that beat estimates. Royal Bank of Scotland Group Plc led banking stocks higher after three days of losses. The benchmark FTSE 100 gained 80.9, or 1.5 percent, to 5,609.17 at 12:42 pm in London. The index has fallen 1.1 percent so far yet week after the rescue of the European...

rising U.S. Stock index futures Before Output Data

U.S. Stock index futures rose, indicating that 500 of Standard & Poor's put an end to a fall three days before a report that may show manufacturing in the U.S. economy grew in November. United Technologies Corp. rose 1.2 percent in the German operations of Airbus SAS said it planned to sell A320 aircraft with an engine company. Motorola Inc. rose 1.7 percent after saying it will split in two in January. Google Inc. gained 0.7 percent after a person familiar with the company's plans said the world's largest search engine will open an online store for hundreds of thousands of electronic books. Futures on the S & P 500, which expires this month rose 1.1 percent to 1,192.6 at 7:49 am in New York. Dow Jones Industrial Average futures rose 1 percent to 11,107 and Nasdaq futures-100 Index...

Dollar defies the skeptics as the best asset-back in November

The dollar was better investment last month, outperforming stocks, bonds and commodities, confusion officials around the world that the policies of the Federal Reserve said that debase the U.S. currency. U.S. The dollar index, which tracks the currency against six major U.S. trading partners, including the euro, yen and sterling, rose 5.2 percent in November. The Thomson Reuters / Jefferies CRB Index of 19 commodities has changed little. The MSCI All Country World Index of shares fell 2.2 percent after accounting for reinvested dividends. The bonds lost 1.1 percent, including reinvested interest, as measured by Global Bank of America Merrill...

Japan said it will help extend the Kyoto Protocol agreement

Japan said it will help extend the Kyoto Protocol agreement to reduce emissions of greenhouse gases after it expires in 2012, saying instead that a new global agreement is needed to combat climate change. The Kyoto treaty is "obsolete" because it only covers 27 percent of global emissions, Kuni Shimada, special advisor to the Japanese Environment Minister Ryu Matsumoto, said yesterday in an interview at United Nations talks on Climate in Cancun, Mexico. Failure to extend the Kyoto through a deal brokered by the UN can set the second largest world market for emissions credits at risk of collapse. The organization of the Clean Development Mechanism, worth 2.7 billion U.S. dollars last year, is defined in the Kyoto agreement and the credits are generated to help polluters around the world meet...

Oil rose by adjusting the biggest drop in nearly two weeks

Oil rose by adjusting the biggest drop in nearly two weeks on signs of accelerating growth in China and declining fuel inventories in the U.S. Futures gained as much as 1.7 percent after a report showed China manufacturing grew at its fastest pace in seven months in November. data from the U.S. government today may show oil inventories fell 1.15 million barrels last week. Crude advanced as the dollar fell for the first time in four days, increasing the attractiveness of commodities to investors. "The confidence of oil is getting better, with U.S. data rather support the demand side and the Chinese figures stronger than expected," said Hannes...

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