U.K. November PMI rises to 49.1 from 47.3 previously - it's the 7th consecutive read below 50. "The most that we can say about (November) was that it was simply less bad than the previous month," says David Noble. [View news story]
the city on the hot seat deal or get out of the way...
The FDA says its will use outside advisers to determine if highly caffeinated drinks pose a serious health risk to young people or consumers with pre-existing heart conditions. The agency notes it didn't find any problems with common energy drink additives taurine and guarana, a statement that could be helping lift shares of Monster Beverage (MNST +9.3%) on the day. [View news story]
More on Monster Beverage (MNST) (previous): Goldman Sachs calls the response from the FDA on the energy drink health concerns relatively "benign" and encouraging for shareholders of the company. The common sense approach by consumers is likely to be moderation and increased oversight by parents - instead of anything resembling a ban or graphic warning labels. MNST +12.5% to $51.50. [View news story]
"The French downgrade may presage others to come," writes Citigroup's Steven Englander, noting the Moody's report reminded there are negative outlooks on a number of other Aaa-rated EU states. Overall, the downgrade "reflects an already existing reality," he says. "Nothing that could not be cured by an aggressive Fed indication on balance sheet expansion." A sense of humor? Who knew? [View news story]
France is downgraded to Aa1 from Aaa at Moody's, which also maintains its negative outlook. "The predictability of France's resilience to future euro area shocks is diminishing in view of the risks to economic growth." [View news story]
that must be why the companies on the cac 40 are raising their gidances as well as a target of 3% on the dette 2013 the cds markets is not showing any of this .
The ECB is discussing medium-term plans to make its own assessment of sovereign bonds, rather than relying on ratings agencies, according to sources, reports Reuters. The move would amount to an easing of collateral requirements for the EU's banks as they borrow from the ECB. Europe adds to its rally. Next: ECB upgrades Spain to AAA! [View news story]
Another tool taken out off the speculators magic box maybe we will see the end of the tunnel after all...
With the latest data from the Philly Fed calling the recovery further into question, Goldman analysts are calling to short the market over the summer. The firm adds that without any kind of imminent QE, the market will be forced to trade on economic data, which appears to be deteriorating. Other traders aren't so sure, like Fast Money trader Brian Kelly. Kelly sees plenty of upside catalysts in the near term, and thinks the Fed is ready to unleash some serious firepower. Can you say - inflection point? [View news story]
what kelly is realy saying is i need time to get out of the way so please don't sell all at once.
"Capitulation," writes Simon Nixon describing today's "U-turn" by the BoE and the U.K. government. It's a good thing too, he says, after 4 years of regulations, stringent capital requirements, and "half-baked" reform ideas have helped strangle the banking system. Unfortunately, says Nixon, the banks may be so traumatized by now, they may not even be interested in availing themselves of the new funding scheme. [View news story]
Mongolian anti-corruption authorities visit the head office of Ivanhoe Mines' (IVN -4.7%) coal operations in the country to "formally request information," apparently part of the government's effort to limit foreign ownership of Mongolian strategic assets to 49%. IVN's largest project is in Mongolia, where it owns 66% of the Oyu Tolgoi copper and gold mine. [View news story]
yes it took so long to get it going and now it is struggling but should still make a fortune if they could get along.
Peabody (BTU): Q1 EPS of $0.67 beats by $0.13. Revenue of $2.04B (+17% Y/Y) in-line. (PR) [View news story]
The bears have been leaning on coal stock due to the price of nat gaze telling to anyone that want to listen that coal is off the past when the ceo's are telling us the opposite as always the price is down 50 % from it's high but far from done .Strong support at 28 patience.
Much of the world's recent increased agricultural production and fertilizer demand has come from China, but both may be hitting a wall. Among forces driving the slowdown: China is nine years ahead of schedule on production of staples, it's running out of arable land, and it's finished converting land to fertilizer-heavy crops like corn. It could mean trouble for POT, MOS, AGU, IPI. [View news story]
Few weeks ago there was a story from US GOV unlocking millions of parcels in the state with the choice to the farmer to farm or keep subsidies and not farm . The demand is here .
Much of the world's recent increased agricultural production and fertilizer demand has come from China, but both may be hitting a wall. Among forces driving the slowdown: China is nine years ahead of schedule on production of staples, it's running out of arable land, and it's finished converting land to fertilizer-heavy crops like corn. It could mean trouble for POT, MOS, AGU, IPI. [View news story]
Don't fall for that bull the PE are not expensive and every year you have the same stories speculator that wait for a sell off to get in .
China is holding back approvals Chinese airlines need to buy 10 Airbus (EADSY.PK) A330 jetliners, in an escalating international trade row over the EU's Emissions Trading Scheme. Chinese authorities have already held back approvals for the purchase of 45 Airbus passenger aircraft by airlines based in China and Hong Kong. [View news story]
they answer came soon after you don't like it too bad case closed.
Ireland's Sealink investment firm sues a rack of big banks (including JPM, C, BAC, RBS, CS and more) for $948.8M in damages over residential mortgage-backed securities, charging material misrepresentation and omissions in underwriting standards. [View news story]
That's only the beginning I am actually surprised it took so long they pulled the same trick everywhere in Italy and Japan you name it .It's about time to put them to jail.
U.K. November PMI rises to 49.1 from 47.3 previously - it's the 7th consecutive read below 50. "The most that we can say about (November) was that it was simply less bad than the previous month," says David Noble. [View news story]
The FDA says its will use outside advisers to determine if highly caffeinated drinks pose a serious health risk to young people or consumers with pre-existing heart conditions. The agency notes it didn't find any problems with common energy drink additives taurine and guarana, a statement that could be helping lift shares of Monster Beverage (MNST +9.3%) on the day. [View news story]
More on Monster Beverage (MNST) (previous): Goldman Sachs calls the response from the FDA on the energy drink health concerns relatively "benign" and encouraging for shareholders of the company. The common sense approach by consumers is likely to be moderation and increased oversight by parents - instead of anything resembling a ban or graphic warning labels. MNST +12.5% to $51.50. [View news story]
Monster Beverage Considerably Undervalued [View article]
"The French downgrade may presage others to come," writes Citigroup's Steven Englander, noting the Moody's report reminded there are negative outlooks on a number of other Aaa-rated EU states. Overall, the downgrade "reflects an already existing reality," he says. "Nothing that could not be cured by an aggressive Fed indication on balance sheet expansion." A sense of humor? Who knew? [View news story]
France is downgraded to Aa1 from Aaa at Moody's, which also maintains its negative outlook. "The predictability of France's resilience to future euro area shocks is diminishing in view of the risks to economic growth." [View news story]
is not showing any of this .
The ECB is discussing medium-term plans to make its own assessment of sovereign bonds, rather than relying on ratings agencies, according to sources, reports Reuters. The move would amount to an easing of collateral requirements for the EU's banks as they borrow from the ECB. Europe adds to its rally. Next: ECB upgrades Spain to AAA! [View news story]
With the latest data from the Philly Fed calling the recovery further into question, Goldman analysts are calling to short the market over the summer. The firm adds that without any kind of imminent QE, the market will be forced to trade on economic data, which appears to be deteriorating. Other traders aren't so sure, like Fast Money trader Brian Kelly. Kelly sees plenty of upside catalysts in the near term, and thinks the Fed is ready to unleash some serious firepower. Can you say - inflection point? [View news story]
"Capitulation," writes Simon Nixon describing today's "U-turn" by the BoE and the U.K. government. It's a good thing too, he says, after 4 years of regulations, stringent capital requirements, and "half-baked" reform ideas have helped strangle the banking system. Unfortunately, says Nixon, the banks may be so traumatized by now, they may not even be interested in availing themselves of the new funding scheme. [View news story]
Mongolian anti-corruption authorities visit the head office of Ivanhoe Mines' (IVN -4.7%) coal operations in the country to "formally request information," apparently part of the government's effort to limit foreign ownership of Mongolian strategic assets to 49%. IVN's largest project is in Mongolia, where it owns 66% of the Oyu Tolgoi copper and gold mine. [View news story]
Peabody (BTU): Q1 EPS of $0.67 beats by $0.13. Revenue of $2.04B (+17% Y/Y) in-line. (PR) [View news story]
Much of the world's recent increased agricultural production and fertilizer demand has come from China, but both may be hitting a wall. Among forces driving the slowdown: China is nine years ahead of schedule on production of staples, it's running out of arable land, and it's finished converting land to fertilizer-heavy crops like corn. It could mean trouble for POT, MOS, AGU, IPI. [View news story]
Much of the world's recent increased agricultural production and fertilizer demand has come from China, but both may be hitting a wall. Among forces driving the slowdown: China is nine years ahead of schedule on production of staples, it's running out of arable land, and it's finished converting land to fertilizer-heavy crops like corn. It could mean trouble for POT, MOS, AGU, IPI. [View news story]
China is holding back approvals Chinese airlines need to buy 10 Airbus (EADSY.PK) A330 jetliners, in an escalating international trade row over the EU's Emissions Trading Scheme. Chinese authorities have already held back approvals for the purchase of 45 Airbus passenger aircraft by airlines based in China and Hong Kong. [View news story]
Ireland's Sealink investment firm sues a rack of big banks (including JPM, C, BAC, RBS, CS and more) for $948.8M in damages over residential mortgage-backed securities, charging material misrepresentation and omissions in underwriting standards. [View news story]