13 December 2013 - 5:25 am
Above is Daily Chart of BALTIC DRY INDEX —As Expected Moving UP UP UP !!!
13 December 2013 - 5:14 am
Internals were negative on slightly lighter volume. Advances/declines were 3 to 4 on the NYSE and just below flat on the Nasdaq, with up/down volume 8 to 11 on the NYSE and 7 to 9 on the Nasdaq. New highs/lows were 33/274 on the NYSE and 46/49 on the Nasdaq.
Leaders — Airlines (+1.32%), Biotechs (+0.93%), Oil Services (+0.70%), Defense (+0.64%), Natural Gas (+0.54%), Banks (+0.45%), Broker Dealers (+0.33%), Homebuilders (+0.10%)
Laggards — Network (-1.50%), Insurance (-1.37%), Gold/Silver (-1.26%), Disk Drives (-0.90%), Drugs (-0.87%), Semis (-0.85%), Metals (-0.82%), REITs (-0.71%)
Treasury Yields — 6 Month: 0.07 %, 2 Year: 0.32 %, 5 Year: 1.53 %, 10 Year: 2.88 %, 30 Year: 3.90 %
Energy Prices — Crude oil: $97.44/barrel, Gasoline: $2.63/gallon, Natural Gas: $4.41/mmBTU
US Dollar Index — 80.188
Precious Metals — Gold: $1226.70/ounce, Silver: $19.52/ounce, Platinum: $1359.00/ounce
12 December 2013 - 23:06 pm
- Eurozone industrial output declines
- ECB says policy will remain loose
- US retail sales rise
- US weekly jobless claims surge
FTSE 100: -1.03%
CAC 40: -0.41%
FTSE MIB: -0.70%
IBEX 35: -0.98%
Stoxx 600: -0.98%
European stocks finished lower as investors weighed economic data releases today in the Eurozone and the US.
Eurozone industrial output dropped 1.1% on the month, compared to a decline of 0.5% and the consensus forecast for an increase of 0.3%. >> Read More
12 December 2013 - 23:04 pm
The Sub Committee of the Financial Stability and Development Council (FSDC), headed by RBI Governor Raghuram Rajan, today expressed concern over the rising bad loans of banks.
The Reserve Bank will shortly bring out draft guidelines to address issues relating to asset quality, the central bank said after the 11th meeting of the FSDC Sub Committee.
“Other major issues taken up in the meeting included concerns relating to the deteriorating asset quality of banks,” an RBI statement said.
The Sub Committee discussed the recent trends in the current account deficit and relative stability in the foreign exchange markets on account of measures initiated by the regulators and the government and also the improvement in the external environment, it added.
The FSDC was set up to strengthen and institutionalise the mechanism of financial stability and development. >> Read More
12 December 2013 - 22:29 pm
Natural gas will overtake coal as a global energy source in the middle of the next decade, in part because of the environmental benefits it offers, according to ExxonMobil, the world’s largest listed oil and gas company.
In its annual forecasts of the energy outlook for the next three decades, published on Thursday morning, Exxon says that around 2025 gas will become the world’s second most-used fuel on an energy-equivalent basis, behind oil.
By 2040, it expects natural gas consumption to rise 65 per cent, but coal use to be no higher than it is today, rising and then falling again during the next two decades.
The forecasts sketch out the battleground for a contest between gas and coal to be the dominant fuel for power generation.
Exxon is significantly more negative about the outlook for global coal use than other forecasters. The International Energy Agency, the think-tank backed by rich countries’ governments, expects coal use to continue to rise to 2035, and to stay ahead of natural gas throughout that period.
Bill Colton, Exxon’s vice-president for strategic planning, said there had been revolutions in both the supply of and demand for gas. >> Read More
12 December 2013 - 22:20 pm
The Queen was “furious” after royal protection officers helped themselves to Bombay mix and nuts left out for her around Buckingham Palace, a court heard today.
Palace officials sent a memo to royal protection officers warning them to “keep their sticky fingers out”, after Her Majesty noticed the snacks were disappearing, jurors at the Old Bailey were told.
The Queen became so incensed that she even began marking the bowls to check if the levels were dropping, it was suggested.
The extraordinary claims were revealed during evidence at the phone hacking trial, in which jurors were shown a memo sent by News of the World’s former royal editor, Clive Goodman to its then editor Andy Coulson.
Andrew Edis QC, prosecuting, explained that in the email Mr Goodman had claimed the Queen had been irritated after discovering snacks left in the corridors around the royal apartments had been going missing.
Mr Edis said: “They were all being scoffed by police. That irritated Her Majesty apparently.” >> Read More
12 December 2013 - 19:39 pm
Eurozone finance ministers will hold an additional meeting Tuesday, just before talks with their non-euro partners, on an ambitious “Banking Union” plan meant to avert another crisis, sources said.
The 17 eurozone ministers will meet Tuesday at 1830 GMT, said aides to Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup.
On Wednesday, they will join their 11 non-euro colleagues to resume difficult negotiations on a Single Resolution Mechanism which will have the authority to close down a failing bank before it can damage the economy.
Eurozone and then EU ministers met Monday and Tuesday this week but reached agreement only on the general principles involved when they were supposed to come up with a final document for EU leaders to approve at a summit December 19-20. >> Read More
12 December 2013 - 18:28 pm
As Expected……………We Recommended again on 10th Dec to Buy NATURAL GAS :
It was trading at 260 level…………………….
Now AT 275 LEVEL…..(This way u have to mint Millions )
Yes ,Copper-Nickel already on FIREEEEEEEEEEEEEEEEEEEEEEE.
Technically Yours/ASR TEAM/BARODA/INDIA