Friday, April 16, 2010

Daily Update Investment News

Gold May Gain for Second Day as Weaker Dollar Supports Demand
(Bloomberg) -- Gold may advance for a second day on speculation the dollar’s weakness will shore up demand for the precious metal as an alternative asset.

Dollar May Weaken Versus Yen If Yields Drop: Technical Analysis
(Bloomberg) -- The dollar may weaken against the yen if Treasury two-year note yields continue to decline, according to strategists at Citigroup Inc.

Palladium May Climb to 9-Year High of $620: Technical Analysis
(Bloomberg) -- Palladium, trading near a 25-month peak, may jump to $620 an ounce, the highest price since June, 2001, in the next few weeks, according to technical analysis by Credit Suisse Group.

Markets to Trend Upward in Next 2-3 Months: Strategist
Stocks continued to advance for a fifth straight session on Wednesday. Should investors watch out for a possible market correction? Bob Parker from Credit Suisse shared his insights.

Market's Run Not Done Yet
“I do believe genuinely that this is a real turn,” Cramer said during Wednesday’s Stop Trading!.

Dow 12,000 By Summer?
Stocks [.SPX  1210.65    13.35  (+1.12%)   ] notched a fifth straight day of gains on Wednesday as stronger-than-expected corporate results and March retail sales pushed the S&P 500 past 1,200 for the first time in 18 months.

Japan, China, Indonesia: Asian Bonds and Currency Preview
(Bloomberg) -- The following events and economic reports may influence trading in Asia’s local bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise. Financial markets in Thailand are closed today for holidays.

Goldman Sachs Sees ‘Expensive’ China Index Futures (Update1)
(Bloomberg) -- China’s stock-index futures will begin trading tomorrow at the “expensive side of fair value” as volumes will be limited, Goldman Sachs Group Inc. said.

South Korean Exporters’ Stocks to Stay ‘Robust,’ JPMorgan Says
(Bloomberg) -- South Korea’s largest exporters will maintain their “robust” stock market performance amid a global demand recovery and reduced fund withdrawals as investors have few alternatives, according to JPMorgan Chase & Co.

Stocks to Rally 11% by Year-End, Credit Suisse Strategists Say
(Bloomberg) -- Global stocks may rally a further 11 percent this year, buoyed by positive earnings growth and share buybacks, according to Credit Suisse Group AG, which pushed out its forecast for the start of a bear market to 2011.

China May Not Raise Rates Before June, State Economist Zhu Says
(Bloomberg) -- China’s central bank may not need to raise benchmark interest rates until the second half of this year after growth in loans and money supply cooled in March, a government economist said.

Commodities Rally "Just the Tip of the Iceberg," Tom Lydon Says
With exports rising 55% to $737 million in the first quarter, China surpassed the U.S. as the number one market for polished diamonds from Europe's diamond capital -- Antwerp, Belgium, The Wall Street Journal reports.;_ylt=AuFTVXaRThUltnqk4nWT8qe7YWsA;_ylu=X3oDMTFhNWZlbWVyBHBvcwM1BHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA2NvbW1vZGl0aWVzcg--?tickers=GLD,EEM,GDX,XME,UDN,SLV,PALL&sec=topStories&pos=8&asset=&ccode=

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