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Saturday, December 18, 2010

unemployment rate rose to 21 and Payrolls fell in 28 U.S. states

North Carolina led the nation with 12,500 job cuts last month, followed by Massachusetts, with 8,600 layoffs, and Ohio in 7800, the Labor Department figures showed today in Washington. Unemployment increased more in Georgia and Idaho, while workers in Nevada are facing the highest rate in the country at 14.3 percent. Payrolls fell in 28 U.S. states and the unemployment rate rose to 21, showing most of the world's biggest economy took part in the back in November in the labor market. The report is consistent with the December 3 figures showed that unemployment rose last month for the first time since August. The commitment of the Federal Reserve to buy an additional $ 600 billion of Treasuries in June and the $ 858,000,000,000 bill passed by Congress extending all the Bush tax cuts-was...

The efforts of the Federal Reserve Will Affect on the U.S Economy

The efforts of the Federal Reserve to cut interest rates and injecting money into the financial system have affected the U.S. economy, making it more likely that recovery will be sustained, leading the Conference Board index economic indicators showed. Nine of the 10 components of the measure designed to assess the growth prospects for the next three to six months improved in November, the biggest gain in seven years, the research group in New York reported today. For the first time since May 2009, the month before the recession ended, the spread between interest rates in the short and long term, made the largest contribution. The drop in claims for unemployment benefits, increased consumer and business spending and rising factory orders, everything is reflected in the index shows expansion...

China is letting its currency appreciate ,Jon Huntsman said

China is letting its currency appreciate, as in the country "immediate concern"not only because of U.S. pressure and Europe. U.S. Ambassador in China, Jon Huntsman said. "Inflation is on the horizon, they are trying to make the transition from export to the largest ever assembled in world history to a model based on the consumer, and to do that, you have to have a currency properly valued," Huntsman said in an interview on "Charlie Rose" show that aired yesterday on U.S. public television. President Barack Obama is pressing his Chinese counterpart Hu Jintao to allow rapid appreciation of the currency to help reduce trade imbalances that threaten to unleash protectionism and threaten global economic recovery. Huntsman called the finding "very slow. " China, which has kept the yuan to rise...

Visa & MasterCard plunged more than 10 percent in the New York Stock Exchange yesterday and Could be Damaged

Visa Inc. and MasterCard could face permanent damage to the fastest growing part of its business after the Fed proposed rules that could reduce rates of debit card transactions by 84 percent. "It's all negative," wrote Scott Valentin, an analyst at FBR Capital Markets in a note to clients. "This significant impact on the business model of networks." Visa and MasterCard, the world's largest payment networks, plunged more than 10 percent in the New York Stock Exchange yesterday after the Fed suggested capping called interchange fees at 12 cents each. Currently, the networks charge merchants an average of 1 percent of the purchase price, no matter the cost, and pass that money to banks that issue cards. The change, if approved by the Federal Reserve after a public comment period, would eliminate...

high yields of loans have gone from 10 percent & exceeded junk bonds since October

The gains in the iBoxx USD index leveraged loans include a 3.14 percent yield in this quarter, according to index administrator Markit Group Ltd. That compares with an increase of 1.92 percent from quarter to date Bank of America Merrill Lynch U.S. High Yield Master II index. high yields of loans have gone from 10 percent for the year in the U.S., and exceeded junk bonds since October, as borrowers offer higher coupons on the bank's debt to generate demand amid a fall on new collateralized loan obligations. The loan companies are offering more coupons for deals arranged for less than the debt is being included in so-called leveraged structured products, including CLOs, according to Jonathan Blau, head of global strategy for leveraged finance at Credit Suisse Group AG in New York. The...

rising Coporate bonds and growing total confidence in economic recovery.

Occidental Petroleum Corp. and Bank of America Corp. took $ 15,500,000,000 of corporate bond sales in the U.S. this week, pushing the monthly release in late December 2009 amid growing total confidence in economic recovery. Occidental Petroleum, the largest producer of oil in the ground in the continental U.S., sold $ 2,600,000,000 of notes in the largest offering in over five weeks. Charlotte, North Carolina-based Bank of America issued $ 1.5 billion of fixed rate debt in its first such sale since August. corporate bond issuance has risen to 62.6 billion U.S. dollars this month, surpassing the 58.1 billion U.S. dollars sold throughout December 2009, as yields on the contract, the company's debt investment grade tighter since May-junk bond spreads to levels last seen more than three years...

Canadian dollar fell for a second week against the dollar

Canadian dollar fell for a second week against the dollar as investors turned to the perceived safety of government debt in the U.S. Europe's concern for the sovereign debt crisis deepens. The currency, dubbed the loonie for the bird's image in the C $ 1 coin, retired a month of high risk appetite of investors declined and stocks of crude and compare progress. The attractiveness of U.S. assets was also polished U.S. Treasury yields rose to their highest in seven months. Details next week may show gains slowed in the Canadian consumer price and retail sales. "The heritage and the positive history of commodities was making earlier in the week, but in the second half of the problems in Europe and risk aversion overwhelmed," said George Davis, chief technical analyst of fixed income and of currency...

The dollar hit its highest in nearly three months against the yen this week

The dollar hit its highest in nearly three months against the yen this week as Treasury yields attracted buyers and Barack Obama President signed into law a bill of 858 billion U.S. dollars tax cut. The euro fell to a two-week low against the dollar on concern an agreement reached at the EU summit this week will not contain the region's problems of debt. Two reports next week are forecast to show U.S. sales new and existing homes picked up in November. The dollar rose for a second straight week against the euro and Treasury yields reached a maximum of seven months in stronger than expected economic data and concerns about Europe's crisis extends debt-driven demand U.S. currency. "The positive cycle is beginning to accelerate U.S. and good for the U.S. dollar," said Andrew Busch, global...

Corn rose to a maximum of five weeks

Corn rose to a maximum of five weeks after a private forecaster lowered his estimate for next year's planting in the U.S., the largest producer and exporter. Soybeans also advanced. Informa Economics Inc. said corn farmers to plant 90.755 million acres, less than a November forecast of 93.055 million. Soybean planting is 77.565 million, compared to a record $ 77.714 million this year, the Memphis-based researcher said today in a report. Reports said that farmers can plant more acres of cotton in five years, after prices rose to a record. "We are in a battle for acres and wants to build trade at a premium" to encourage more planting, said Mike Zuzolo, president of Global Commodity Google Analytics & Consulting in Lafayette, Indiana. "This is an issue not be resolved until the planting...

Sugar rose the most in four weeks while Sugar production in south-central Brazil falling 18%

Sugar rose the most in four weeks, including reduced production in Brazil, the world's largest producer, may be a sign of a record harvest is coming to an end. Cotton rose the most allowed by U.S. ICE Sugar production in south-central Brazil fell 18 percent in the second half of November last year, Unica, an industry group said on 14 December. The harvest is usually completed in December, the U.S. agricultural attaché in Sao Paulo. "Unica's figures show that we are near the end of the harvest, which can be a very good support for London and New York futures," said Fabienne Pointier, an analyst at Lausanne, Switzerland-based research firm Kingsman SA. Raw sugar for March delivery rose 1.5 cents, or 4.8 percent, to close at 32.5 cents per pound at 2 pm in the U.S. ICE New York, the biggest...

Irish government bonds fell While the gold rising for the third time this week

Irish government bonds fell after Moody's Investors Service downgraded the credit rating of Ireland. The agency said this week that could reduce Spain. Gold has risen 26 percent this year, an item for tenth consecutive annual increase, in the midst of the crisis in Europe and the increasing debt that the Federal Reserve buying government bonds. Gold rose for the third time this week as concern that the fiscal crisis deepened in Europe boosted demand for the metal as a haven. "The Fed has kept the door open for further purchases of bonds and the debt crisis in the euro area is heating up again," said Matt Zeman, a metals trader at LaSalle Futures Group in Chicago. "That's going to take a good apartment in gold prices." Gold futures for February delivery rose $ 8.20, or 0.6 percent,...

Oil gained 0.4 percent on U.S. report & Crude oil Rose on U.S rate

Oil gained 0.4 percent on U.S. report and showed that German business confidence unexpectedly rose to a record in December. Fuel consumption U.S. rose 6.5 percent in November from a year earlier, according to a report released today by the American Petroleum Institute. Crude oil rose on U.S. rate leading economic indicators rose in November by the most in eight months, a sign that the recovery will strengthen next year and increase demand for fuel. "Right now, the oil market is taking its cues from the expectations of global and national economic growth," said Jason Schenker, president of Prestige Economics LLC, an energy consultancy in Austin, Texas. "A large number of leading economic indicators provides additional support to bullish growth prospects." Crude for January delivery rose...

Copper heading for the third consecutive weekly gain

Copper heading for the third consecutive weekly gain as European Union leaders agreed on a plan to contain future crises of debt and economic reports in the U.S. and Germany strengthen the prospects for demand for the metal. EU leaders agreed to amend the treaties of the block to create a permanent mechanism for crisis management in 2013. U.S. index leading economic indicators rose in November by the most in eight months, a sign of recovery will strengthen next year. German business confidence gained to a record in December as we told yesterday here. "People are more optimistic than two months ago, " said Michael K. Smith, president of T & K Futures and Options in Port St. Lucie, Florida. "The U.S. will continue to grow worldwide." Copper futures for March delivery added 2.7 cents,...

Rising U.S. stock options to second highest level

Trading in U.S. stock options jumped to second highest level in nearly four decades of history yesterday, driven by investors with contracts for the capture of the dividends paid by the biggest funds traded. Volume jumped to 30.7 million contracts on stocks, indices and ETFs, according to Chicago-based Options Clearing Corp., which clears and settles all trades in contracts traded. The S & P 500 SPDR Trust ETF, which follows the reference measure of U.S. stocks, represented about one-third of that volume. The record of 30.8 million set on May 6, when the U.S. moves lost $ 862 billion in value in less than 20 minutes. Traders who bought options to receive the quarterly dividend ETFs led operations yesterday, said Henry Schwartz, president of Trade Alert LLC, a provider based in New York...

Falling the UK Stocks & The FTSE 100 index

UK stocks fell for a third day led by a decline in banks as an agreement between the leaders of Europe to create a mechanism for crisis management to alleviate the concern that some euro zone nations will no longer pay their debts & The FTSE 100 index fell 0.2 percent to 5,871.75 at the close at 4:30 pm in London early this week cut to 1 percent. The index has risen for three consecutive weeks as China refrained from raising interest rates and economic data bolstered confidence in the U.S. recovery. The FTSE All-Share Index little changed, while the Irish ISEQ Index fell 0.5 percent. Lloyds Banking Group lost 3.6 percent after saying it expects to report an increased impairment charges due to the Irish loan losses. AstraZeneca Plc slid more than two years after the second largest pharmaceutical...

Rising The asian stocks & The MSCI Asia Pacific index

Asian stocks rose for a second week of this month as steelmakers led gains after China refrained from raising interest rates and U.S. data improved in addition to The MSCI Asia Pacific index rose 0.4 percent to 133.59 this week. The indicator closed up three days of this week and rose to peak on 13 December, after China abstained from raising interest rates to cool inflation, U.S. reports on consumer confidence, the trade deficit and jobless claims exceeded forecasts. BlueScope Steel Ltd., Australia's largest steelmaker, rose 9.1 percent in Sydney. Honda Motor Co., which has North America, its biggest market, gained 3 percent in Tokyo. China Overseas Land & Investment SA, controlled by the Ministry of Construction of the nation, lost 2.9 percent after a report that China will...

The dollar rose to its strongest against the euro in two weeks

The dollar rose to its strongest against the euro in two weeks as Treasury yields in almost seven months of concern and policy makers in Europe are not doing enough to stem the crisis in the region boosted debt demand for U.S. financial assets. The dollar rose 0.5 percent to $ 1.3181 per euro at 4:06 pm in New York from $ 1.3244 yesterday and touched $ 1.3133, the strongest since Dec. 2. The dollar rose 0.1 percent against the yen at 83.97 yen from 83.91 yen. 84.51 reached on December 15, the most since Sept. 24. The euro rose earlier after EU leaders agreed to create a mechanism to contain future debt crisis and German business confidence unexpectedly rose. Beyond the permanent structure of the debt crisis in 2013, the leaders struggled to overcome divisions on immediate measures to...

Union leaders agreed to amend the treaties of the block to create a permanent mechanism of the debt crisis in 2013

Union leaders agreed to amend the treaties of the block to create a permanent mechanism of the debt crisis in 2013, as it struggled to overcome divisions on immediate measures to stabilize the bond market. One day after the European Central Bank is armed with more capital to withstand the crisis, the EU began to discuss measures such as offering short-term loans or the use of funds from the main block of bailout to buy bonds of countries difficulties. "My vision is of a Europe growing closer - - at different speeds in some cases, to be sure," said German Chancellor Angela Merkel told reporters after an EU summit in Brussels. For now, Germany ruled the filling of the present 750 billion euros ($ 1 billion) of emergency funds or aid by land to Portugal or Spain, which reinforces skepticism...

Canadian dollar fell to a two-week high against the dollar

Canadian dollar fell to a two-week high against the dollar as the debt crisis of Europe concern extended damped investor appetite "for risk and U.S. Treasury yields near a seven-month highs currency U.S. more attractive. The Canadian currency lost for the second straight week against its U.S. counterpart, which rose today against the most important partners such as the euro and Australian dollar, Ireland's credit rating was cut five levels. Canadian Imperial Bank of Commerce suggested politicians consider selling Canadian dollars to limit long-term gains in the currency. "The problems in Ireland with the cut this morning, have provided the stimulus for a move to risk aversion and buying U.S. dollars to Treasuries as a safe haven," said Darren Richardson, merchant Toronto corporate...

rising in most U.S Stocks

Most U.S. stocks rose, sending the Standard & Poor's 500 to a debt crisis in two years, as concern better than expected earnings forecasts from Oracle Corp. and Research In Motion Ltd. and the acquisition of a regional bank in Europe is spreading shade. Oracle rose 3.9 percent for the highest price since 2001. Marshall & Ilsley Corp. rose 18 per cent of Bank of Montreal has agreed to buy the lender for $ 4.1 billion. Freeport-McMoRan Copper & Gold Inc. advanced 2 percent as metals rose. Drug manufacturers slipped, with Merck & Co., dragging down the Dow Jones industrial average after AstraZeneca Plc, failed to win U.S. approval for a new blood thinner. About six stocks gained for every five that fell on U.S. exchanges. The S & P 500 rose 0.1 percent to 1243.91 at 4 pm...

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