http://seekingalpha.com/market_currents Market Currents RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/news/market_currents/post/37250?source=feed 37250 Post your comment!]]> Fri, 27 Nov 2009 07:58:57 -0500 SeekingAlpha will fly to China this weekend to try and convince government officials there to let its currency rise against the euro, although a similar trip two years ago accomplished little. A senior China official said China will keep the yuan "basically stable around reasonable, balanced levels," suggesting China's unlikely to buy into a faster yuan appreciation. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37249?source=feed 37249 Post your comment!]]> Fri, 27 Nov 2009 07:47:26 -0500 SeekingAlpha LNVGY.PK) plans to buy back Lenovo Mobile Communication Technology, a mobile handset maker it founded in 2002, for $200M in cash and stock - double the price it sold the unit for in Jan. 2008. The move will help diversify Lenovo's business, which is currently concentrated heavily on PCs. (PR) Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37248?source=feed 37248 Post your comment!]]> Fri, 27 Nov 2009 07:35:17 -0500 SeekingAlpha Euro area sentiment (.pdf) rises to a stronger than expected 88.8 (vs. 86.1 in October, consensus 88.1). The pickup in confidence was strongest among industry, while consumer sentiment rose less sharply as respondents expressed fears over losing their jobs. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37247?source=feed 37247 Post your comment!]]> Fri, 27 Nov 2009 07:23:22 -0500 SeekingAlpha ING) prices its €7.5B rights issue at a hefty 52% discount of €4.24/share, or 37.3% post dilution. ING will use the money repay the government half of its €10B bailout loan ahead of schedule. Shares -18% premarket. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37246?source=feed 37246 Post your comment!]]> Fri, 27 Nov 2009 07:00:24 -0500 SeekingAlpha concerns about Dubai World's debt load continue to weigh on risk appetite. Europe has rebounded from early losses. Futures indicate U.S. markets will have some catching up to do after sitting out a volatile Thursday.
Asia: Nikkei -3.2% to 9082. Hang Seng -4.8% to 21135. Shanghai -2.4% to 3096. BSE -1.3% to 16632.
Europe at midday: FTSE -0.1% to 5190. CAC +0.1% to 3683. DAX -0.1% to 5610.
Futures: Dow -2.1% to 10222. S&P -2.7% to 1079. Nasdaq -2.7%. Jan. crude -4.75% to $74.25. Gold -2% to $1,164. 30-year Tsy +0.59% to 122-29. 10-year +0.62%. 5-year +0.38%. 2-year +0.15%. Euro -0.8% vs. dollar. Yen +0.1%. Pound -0.8%. Loonie -1%. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37245?source=feed 37245 2 comments!]]> Fri, 27 Nov 2009 05:35:13 -0500 SeekingAlpha escalates his warnings against a soaring yen, calling the currency's rise to a fresh 14-year high "one-sided" and threatening to intervene if the rapid ascent continues. (ETF: FXY) 2 comments!]]> http://seekingalpha.com/news/market_currents/post/37244?source=feed 37244 Post your comment!]]> Fri, 27 Nov 2009 03:39:45 -0500 SeekingAlpha -2.5% to 10177. S&P -3.2% at 1074. Nasdaq -3.3%.
Jan. crude -5.7% to $73.50. Gold -3% to $1,151.
30-year Tsy +0.79% to 123-05. 10-year +0.82%. 5-year +0.52%. 2-year +0.21%.
Euro -0.9% vs. dollar. Yen -0.5%. Pound -1.2%. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37243?source=feed 37243 Post your comment!]]> Fri, 27 Nov 2009 03:36:21 -0500 SeekingAlpha -1.1% to 5140. CAC -0.5% to 3660. DAX -1.3% to 5541. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37242?source=feed 37242 Post your comment!]]> Fri, 27 Nov 2009 03:35:40 -0500 SeekingAlpha concerns about Dubai World's debt load continue to weigh on risk appetite. Nikkei -3.2% to 9082. Hang Seng -4.8% to 21135. Shanghai -2.4% to 3096. BSE -2.9% to 16360. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37241?source=feed 37241 Post your comment!]]> Fri, 27 Nov 2009 03:28:10 -0500 SeekingAlpha Frontline (FRO): Q3 EPS of -$0.07 beats by $0.05. Revenue of $233M (-59.6%) vs. $196M. (PR) Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37240?source=feed 37240 Post your comment!]]> Fri, 27 Nov 2009 00:05:58 -0500 SeekingAlpha FRO, SFL Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37239?source=feed 37239 Post your comment!]]> Fri, 27 Nov 2009 00:00:05 -0500 SeekingAlpha Friday's economic calendar:
1:00 PM Early close for U.S. markets
4:30 PM Money Supply
4:30 PM Fed Balance Sheet Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37238?source=feed 37238 Post your comment!]]> Thu, 26 Nov 2009 19:46:39 -0500 SeekingAlpha orders (.pdf) Reserve Primary, the money-market fund that collapsed when it broke the buck, to distribute its assets equally among all shareholders - who will get at least $0.9875 on the dollar. Deutsche Bank (DB), E*TRADE Financial (ETFC) and others - which made withdrawal requests before shares broke the buck - were looking for full recovery. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37237?source=feed 37237 Post your comment!]]> Thu, 26 Nov 2009 17:58:27 -0500 SeekingAlpha put Saab to rest after all: Sources say Beijing Automotive, Merbanco, Renco, have made approaches about the unit after the collapse of a sale to Koenigsegg. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37236?source=feed 37236 6 comments!]]> Thu, 26 Nov 2009 15:57:06 -0500 SeekingAlpha wonders if Dubai is about to become the world's biggest not-too-big-to-fail: "Everyone in the markets thought that, in the end, the federal government in Abu Dhabi would stand by all of Dubai's bad bets. Apparently, they won't." 6 comments!]]> http://seekingalpha.com/news/market_currents/post/37235?source=feed 37235 Post your comment!]]> Thu, 26 Nov 2009 14:36:51 -0500 SeekingAlpha Morgan Stanley on QE: Time to declare victory and prepare for withdrawal. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37234?source=feed 37234 5 comments!]]> Thu, 26 Nov 2009 13:42:49 -0500 SeekingAlpha GE) "strongly disagrees with the premise" it is selling off assets in a desparate attempt to raise cash. But looking at recent deals, and GE's effort to dump NBC Universal's $2B in debt by selling it into a JV at way below market value, Daniel Fisher can't help but wonder: What then? 5 comments!]]> http://seekingalpha.com/news/market_currents/post/37233?source=feed 37233 Post your comment!]]> Thu, 26 Nov 2009 12:58:20 -0500 SeekingAlpha Washington Examiner's, Nate Beeler, two Thanksgiving Day 'toons: Who's the Turkey Now? and Giving Thanks to a Higher Power. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37232?source=feed 37232 2 comments!]]> Thu, 26 Nov 2009 12:19:34 -0500 SeekingAlpha Banks with greatest exposure to the UAE: HSBC (HBC), $17B. Standard Chartered, $7.8B. Barclays (BCS), $3.6B. Royal Bank of Scotland (RBS), $2.2B. Citigroup (C), $1.9B. BNP Paribas, $1.7B. Lloyds (LYG), $1.6B. 2 comments!]]> http://seekingalpha.com/news/market_currents/post/37231?source=feed 37231 Post your comment!]]> Thu, 26 Nov 2009 11:54:02 -0500 SeekingAlpha +0.77% to 123-04. 10-year +0.52%. 5-year +0.34%. 2-year +0.1%. Euro -0.8% vs. dollar. Yen +0.9%. Pound -1.35%. Loonie -1.5%. Jan. crude -2.3% to $76.20. Dec. gold -0.1% to $1,185.80. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37230?source=feed 37230 9 comments!]]> Thu, 26 Nov 2009 11:53:47 -0500 SeekingAlpha schedule (.pdf)), reflect the overseas carnage. Dow -1.7% to 10261. S&P -2.2% to 1085. Nasdaq -2.5%. 9 comments!]]> http://seekingalpha.com/news/market_currents/post/37229?source=feed 37229 Post your comment!]]> Thu, 26 Nov 2009 11:25:09 -0500 SeekingAlpha -0.6% to 9383. Hang Seng -1.8% to 22210. Shanghai -3.6% to 3171. BSE -2% to 16855. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37228?source=feed 37228 5 comments!]]> Thu, 26 Nov 2009 11:23:06 -0500 SeekingAlpha growing fears over banks' exposure to Dubai World, the state-owned conglomerate which yesterday asked for a standstill on its $60B debt pile. The emergence of Dubai's financial problems chimes with warnings earlier this week from IMF head Dominique Strauss-Kahn that banks have only worked through half their toxic assets. FTSE -3.1% to 5196. CAC -3.4% to 3678. DAX -3% to 5628. 5 comments!]]> http://seekingalpha.com/news/market_currents/post/37227?source=feed 37227 19 comments!]]> Thu, 26 Nov 2009 04:22:43 -0500 SeekingAlpha Obama will rise and fall with the dollar: The electorate is only as happy as the value of the greenbacks in their pockets. 19 comments!]]> http://seekingalpha.com/news/market_currents/post/37226?source=feed 37226 Post your comment!]]> Thu, 26 Nov 2009 00:00:36 -0500 SeekingAlpha Thursday's calendar:
U.S. markets closed - Happy Thanksgiving! Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37225?source=feed 37225 10 comments!]]> Wed, 25 Nov 2009 17:46:33 -0500 SeekingAlpha In a world where one man must fight to keep from being buried in debt ... Now appearing before your holiday movies: the Fed. The central bank is paying for 45-second ads to appear in 12 metro theaters, encouraging responsible credit-card use in the holiday shopping season. 10 comments!]]> http://seekingalpha.com/news/market_currents/post/37224?source=feed 37224 Post your comment!]]> Wed, 25 Nov 2009 17:29:33 -0500 SeekingAlpha The Economist's Buttonwood does some spreadsheet crunching on how to play the yield curve in a time when cash is yielding near zero, and concludes the prospect of good bond returns is poor. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37223?source=feed 37223 5 comments!]]> Wed, 25 Nov 2009 16:56:48 -0500 SeekingAlpha 200% short on stocks. 5 comments!]]> http://seekingalpha.com/news/market_currents/post/37222?source=feed 37222 Post your comment!]]> Wed, 25 Nov 2009 16:41:53 -0500 SeekingAlpha months of talks, AIG announces it has settled all disputes with former CEO Maurice "Hank" Greenberg and ex-CFO Howard Smith, removing what current CEO Robert Benmosche calls a "significant distraction." Shares +0.3% AH. Post your comment!]]> http://seekingalpha.com/news/market_currents/post/37221?source=feed 37221 3 comments!]]> Wed, 25 Nov 2009 16:28:09 -0500 SeekingAlpha pressing for a key accounting change, saying they could help the Fed's exit strategy if they don't have to record reverse repurchase agreements on balance sheets when they act as middlemen. 3 comments!]]>