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Overnight Market News – December 15, 2009

admin — Tue, 15 Dec 2009 11:43:54 +0000

Wells Fargo & Co to Raise USD 10.4B from Share Sale, to Repay USD 25B TARP Bailout
Abu Dhabi May Increase Control Over Dubai After Offering USD 10B to its Debt-Laden Neighbor
US Taxpayers Expected to Earn Profit of between USD 13B and USD 14B from Citigroup Inc’s Bailout Repayment
UK Inflation Rose More than Expected in November 2009, Prices Increased 1.9% Compared with a Year Earlier
Kraft Foods, Inc Warns Cadbury PLC Shareholders Rejecting its Takeover Bid that the Confectioner Will Struggle to Reach Growth Targets Without Level of Investment KFT Can Offer
Lyondell Chemical Co to Reorganize By Paying USD 8B Bankruptcy Loan in Full, Give Equity Holding to Lenders
Crude Oil Stands at USD 69.43 per Barrel
Ethanol Stands at USD 1.88 per Gallon
Natural Gas Stands at USD 5.42 per British Thermal Unit (Btu)
Gold Stands at USD 1,114.00 per Troy Ounce
Dow Jones Industrial Average Rises 29.55 Points (0.28%)
London FTSE Index Falls 30.55 Points (-0.57%)
Japan Nikkei Index Falls 22.20 Points (-0.22%)
Hong Kong Hang Seng Index Falls 271.83 Points (-1.23%)
Brazil Bovespa Index Rises 81.93 Points (0.12%)

Goldman Sachs Statement Pushes US Bank Shares Higher

admin — Tue, 06 Oct 2009 23:11:18 +0000

Goldman Sachs Group Inc pushed up shares of U.S. banks yesterday, after saying that the market has not recognized the significant improvement in earnings potential at big banks. Goldman Sachs boosted ratings on Wells Fargo & Co. to “Buy” from “Neutral”, added Capital One Financial Corp. to its “Conviction Buy” list and reaffirmed the “Conviction Buy” rating on Bank of America and JPMorgan Chase.

Financial stocks outperformed the market on Monday, rising 2.32% compared with the 1.49% climb for the S&P 500 Index.

Overnight Market News – September 2, 2009

admin — Wed, 02 Sep 2009 17:22:48 +0000

Wells Fargo & Co Plans to Repay US Government USD 25B in Bailout Funds Shortly, Without Additional Stock Offering
BP Plc Announces “Giant” Oil Find in Gulf of Mexico, Details on Size and Commerciality of the Discovery are Still Undetermined
General Motors Corp’s Reports its China Vehicle Sales in August Jumped 112.7% to 152,365 Units Year-Over-Year, Paves Way for More Than 40% Increase for Full Year
European Consumer Spending Rises for First Time in Over a Year by 0.2% in Q02 2009 from Prior Quarter, Exports Fall 1.1% from 8.8% Drop in Q01 2009
Australia Economy Grows More-Than-Expected In Second Quarter Expanding 0.6% from Previous Quarter on Increases in Business Investment and Household Consumption
US Media Market Loses More Than USD 10B in Advertising Revenue for First Half of Year as Companies Cut Spending
Crude Oil Stands at USD 68.75 per Barrel
Ethanol Stands at USD 1.65 per Gallon
Natural Gas Stands at USD 2.86 per British Thermal Unit (Btu)
Gold Stands at USD 957.60 per Troy Ounce
Dow Jones Industrial Average Falls 185.68 Points (-1.96%)
London FTSE Index Falls 6.44 Points (-0.13%)
Japan Nikkei Index Falls 249.60 Points (-2.37%%)
Hong Kong Hang Seng Index Falls 350.30 Points (-1.76%)
Brazil Bovespa Index Falls 674.02Points (-1.19%)