-
Chevron (NYSE:CVX) Agrees to Sell 3M Tonnes Liquefied Natural Gas from Project in Australia
Thursday, September 10, 2009 - 6:16am | 84U.S. oil firm Chevron (CVX) announced that it would sell Osaka Gas 1.375M tonnes of LNG a year over 25 years, and Tokyo Gas 1.1M tonnes. Chevron agreed to sell nearly 3M tonnes a year of liquefied natural gas from its Gorgon project in Australia. Per the agreement, Chevron will sell an equity...
-
S&P 500 - Our take for today
Thursday, September 10, 2009 - 12:34am | 102Yesterday's Analysis: S&P hit the high at 1036 and then closed at 1033 which was our daily resistance. For Today: --------------- We have two resistance at 1034, one being a weekly and the other being a daily resistance. So to break this there will be some solid buying required. Once this 1034...
-
Market Approaching Test Time
Wednesday, September 9, 2009 - 11:11am | 688Cripes, this market has become so predictable with the early morning markup in the first 90 minutes, followed by hours of listless trade in a narrow range until 3:30 PM as no one shows up but a handful of financial firms' computers trading the same shares to each other and collecting rebates to...
-
G-20 Meeting and Kraft Food’s Bid Impact on the U.S. Market
Tuesday, September 8, 2009 - 10:03am | 230U.S. stock futures made a strong advance Tuesday, Equity markets in Europe and Asia advanced while the U.S. was shut. Analyst expects US market to continue its rally till Thursday and expects a low dip of 1% by Friday. It is in lieu of G-20 meeting result and Kraft Food’s bid for Cadbury. The...
-
U.S. Stock Index Futures Point to A Higher Open
Tuesday, September 8, 2009 - 7:25am | 68U.S. stock-index futures rallied the day after the Labor Day holiday. Credit Suisse Group AG forecast further gains for equities in 2010 and investors seem to agree. The S&P 500 Index futures rose 1% to 1,024.1. The Dow Jones Industrial Average futures gained 0.9% to 9,505. Nasdaq-100 Index...
-
U.S. Gold Futures Hit 6-Month High
Tuesday, September 8, 2009 - 6:02am | 50U.S. gold futures hit a six-month high of $1,000/oz and spot gold also rose to a six-month high. The dollar's weakness, concerns about the sustainability of the global economic recovery, and worries about inflation are said to be the influencing factors in this regard.
-
ETF Rewind - Week 36 (09/04/09)
Monday, September 7, 2009 - 11:48pm | 466(Click Image to Enlarge/ Glossary) In spite of higher markets across the board after Friday's Jobs report showing a higher than expected unemployment rate set against fewer job losses and greater household earnings, US equities finished the week mostly lower with the S&P 500 (SPY) down some -1....
-
Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 5
Monday, September 7, 2009 - 9:06pm | 2073Year 3, Week 5 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 72.5% (v 65.8% last week)22 long bias: 14.1% (v 12.2% last week)9 short bias: 13.5% (v 22.0% last week) *includes long term puts 31...
-
MS Per Capita GDP (PPP) Higher Than EU, Japan
Monday, September 7, 2009 - 1:17pm | 343SqVEXe7MudI/AAAAAAAALQY/hj8sjsavCoQ/s1600-h/gdpworld.jpg"> SqVDT3n7xsI/AAAAAAAALQQ/SxsP8DszevQ/s1600-h/gdpworld.jpg">SqVATuFHNKI/AAAAAAAALQI/IBIPd7IK9QQ/s1600-h/gdpworld.jpg">The chart above displays GDP at purchasing power parity (PPP) per capita in 2008 using data from the CIA World...
-
Telefónica (TEF) and China Unicom (CHU) Enter into a Broad Strategic Alliance and a Mutual Investment Agreement
Monday, September 7, 2009 - 10:23am | 224Telefónica (NYSE: TEF) and China Unicom (NYSE: CHU) have entered into a strategic alliance agreement pursuant to which the parties agreed that they would cooperate in various business areas such as the joint acquisition of infrastructure and equipment for customers, the joint development of...
-
Can You Hear People Exiting the Offices?
Friday, September 4, 2009 - 10:55am | 566I expect a very quiet day from here as the traditional early morning ramp up (+0.5%) is now in place and we can trade in a 2-4 S&P point range for the next 5 hours, until 3:30 PM shows up. NYC and Greenwich, CT quietly shall be emptying by the minute as people leave early for the long weekend...
-
Unemployment Rate Increases to 9.7% in August
Friday, September 4, 2009 - 8:47am | 61The government announced an increase in the unemployment rate to 9.7% for August from 9.4% in July. The 9.7% rate was higher than expectations of 9.5%. Stock market futures sold off as the news was announced but shortly thereafter recovered to pre-announcement levels. As of 8:45am S&P futures...
-
August 2009 Rewind - Running On Empty?
Thursday, September 3, 2009 - 6:00pm | 485[GRAPHIC FIXED -THANKS!] Equities put in another august performance last month, but in some ways discussed below, the rally started to feel as if it were slowly running out of gas. For August, the S&P 500, Dow Jones Industrials and NASDAQ 100 cash indices once again posted positive results of...
-
US Stock Futures Expecting Higher Opening
Thursday, September 3, 2009 - 7:20am | 54U.S. stock index futures pointed to a higher opening, following a four-day losing streak. Futures for the S&P 500 SPc1 were up 0.6 percent, Dow Jones DJc1 futures were up 0.4 percent and Nasdaq 100 NDc1 futures were up 0.6 percent.
-
U.S. Auto Sales Increases; Government Incentive Helped Hyundai, Ford
Wednesday, September 2, 2009 - 6:31am | 60U.S. auto sales increased in August as $3B in government incentives resulted in sharp gains for Hyundai Motor Co and Ford Motor Company (NYSE: F). General Motors Company failed to reap the benefit of government incentive.