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A Super-Bullish Chart In Spain
Things aren't improving in a straight line in Europe, but progress is being made. Yields on short-term peripheral debt continue to fall markedly. For the first time since last March, yields on Spanish...
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Today's Bad News: Shares Of Major UK Retailer Tesco Getting Destroyed After...
Mostly it's all good news in Europe today, at least on the sovereign front (Spain, Italy, etc.). But there is some bleak business news. Tesco, the major UK retailer (like the Wal-Mart of the UK)...
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More Good News For Apple's Quarter ... A Key Supplier Just Announced Strong...
Another data point suggesting that Apple will have a strong December quarter ... M-Flex, a supplier of flexible circuit boards used in smartphones and tablets, pre-announced stronger-than-expected...
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India's Industrial Production Jumps 5.9%, Beating Expectations
MUMBAI, India (AP) — India's industrial production rebounded in November, government data showed Thursday, providing some relief to Asia's third-largest economy, which has been struggling with slowing...
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Italian Borrowing Rates Are Plunging After A Healthy Bond Auction
The Italian yields are falling following this morning's auction of 12-month bills. The Italian government sold $10.78 billion euros worth of the bills are at a 2.735% rate, which is way down from the...
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Something Has To Give Here
The 2012 bull market continues today, as US equities drift towards new post-August 2011 highs. One thing that's interesting here is that Treasury yields remain at rock-bottom levels. There's been...
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14 Major Risks That Used To Be The Stuff Of Science Fiction
Risk management is a part of our everyday personal and professional lives. We know to look both ways before crossing the street. We also know that we must diversify our investment portfolios to...
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Bank Of America Is About To Hit $7
Quick heads up. Bank of America is up to $6.99 in the pre-market. To put that in context: The stock briefly dipped below $5 right below Christmas, so we're talking about a 40% gain in just a few weeks...
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10 Things You Need To Know This Morning (CVX, TSCO)
Good morning. Here's what you need to know. Markets are booming in Europe, with the German DAX, French CAC, and Italian FTSE MIB gaining 1.3%, 1.2%, and 3.2%, respectively. Trading in Asia was mixed...
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NO CUT: ECB LEAVES INTEREST RATE UNCHANGED
Update: As expected, the ECB has left its key interest rates unchanged. No surprise from Draghi today. We'll be covering Draghi's press conference at 8:30 AM ET. Original post: At 7:45 ET, the ECB...
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BAD DATA: Initial Jobless Claims Spike To 399K, Retail Sales Miss By A Mile
UPDATE: Initial claims jumped up to 399K, well ahead of the 375K that analysts had expected. Meanwhile, December retail sales only grew 0.1%, which is well below the 0.3% that had been expected....
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December Retail Sales Miss Expectations, Up Just 0.1%
Headline: December retail sales post an ugly number, growing just 0.1%, against expectations for a 0.4% month-over-month rise. Retail sales less autos declined 0.2% month-over-month. Watch for...
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ECB President Draghi 'Really Very Concerned' Over Hungary, Capital Markets...
Mario Draghi, head of the European Central Bank, has concluded the month's rate conference — where he left the benchmark unchanged at 1.0%. Below is a summary of the most important commentary at the...
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UPDATE: Goldman Explains Why Electronics Sales Were Ugly In December
ORIGINAL POST, SEE UPDATE BELOW: We just mentioned how retail sales came in very weak in December -- well at least weaker than expected. One thing that stands out -- as noted by Bloomberg TV -- is...
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Art Cashin On The Weird 'Change Of Direction' In European Immigration Patterns
UBS floor trader Art Cashin relays an interesting anecdote about how migration is changing in Europe. Basically, it used to be that immigrants coming from countries like Afghanistan and Bangladesh...
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UniCredit And Italian Banks Are Rallying After A Strong Bond Auction And An...
UniCredit's shares spiked earlier today, driven by reports reports that Samruk-Kazyna, Kazakhstan’s wealth fund, bought a nearly 5% stake in the bank. Samruk-Kazyna has since denied the rumor,...
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High-End Retailer Williams-Sonoma Slammed By Heavy Discounting (WSM)
Williams-Sonoma lowered full-year guidance today following holiday sales growth that trailed levels seen in 2010 and 2009, sending shares down more than 12%. The home-goods retailer now expects fourth...
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Bad News For New York Renters...
We've been talking a lot about apartment vacancies, and how they're plunging to historic lows, as people put off home buying (and home building) and rent up units in multi-person buildings. Well......
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Here's What The Fuel Strikes In Nigeria Will Mean For Your Business
Nigeria’s government must walk a tightrope to successfully implement its reform agenda and satisfy angry citizens who are feeling the pain of fuel subsidy rollbacks. However, a resolution to the...
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EL-ERIAN: S&P's Downgrade Of Europe Comes With Significant 'Known Unknowns'
The chatter on Friday's downgrades of European sovereign ratings debt is all over the place - from those dismissing it as old news (especially given that S&P warned back on December 5th) to those...
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