Friday, May 14, 2010

Update Daily Investment News

Rupiah to Slip 1.6% as Resistance Holds: Technical Analysis
(Bloomberg) -- Indonesia’s rupiah may decline 1.6 percent in a week after failing to appreciate beyond its 20-day moving average, repeating a pattern that occurred in February, according to Sumitomo Mitsui Banking Corp.

Lippo Karawaci Completes Exchange of 2011 Notes for 2015 Notes
(Bloomberg) -- PT Lippo Karawaci, Indonesia’s biggest publicly traded real estate developer, said it completed an exchange offer of its notes due 2011 for new notes due 2015.

Gudang, SK C&C, China Life Surge on MSCI Inclusion (Update1)
(Bloomberg) -- Gudang Garam, Indonesia’s second- largest cigarette maker, and SK C&C Co., rose to a record while China Life Insurance Co. climbed in Taiwan after MSCI Inc. said the companies will be added to its benchmark indexes.

Another 'Freefall' to Push Dow Below 5000: Strategist
The CBOE volatility index, widely considered the best gauge of fear in the market, is trading above 25 Thursday. Is this volatility good for the market? James Hardesty, president, market strategist and chief economist at Hardesty Capital Management and David Hefty, CEO of Cornerstone Wealth Management shared their insights.

Euro Breakup Talk Increases as Germany Loses Its Currency Proxy
(Bloomberg) -- Romano Prodi recalls how he persuaded Germany to allow debt-swamped Italy into the euro: support our membership and we’ll buy your milk, he said.

Loonie May Rise to 19-Month High Versus Yen: Technical Analysis
(Bloomberg) -- Canada’s dollar may rise to a 19- month high against the yen after a downward trend halted, said Gaitame.Com Research Institute Ltd., a unit of Japan’s largest foreign-exchange margin company.

S&P 500 May Surpass April High After Rout: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index is likely to rise to new highs for 2010 after last week’s rout removed “excessive bullishness” without pushing the benchmark below a key level, according to Bay Crest Partners LLP.

Silver May Rise to $21.355, Barclays Says: Technical Analysis
(Bloomberg) -- Silver, trading near a two-year high, may climb about 10 percent to $21.355 an ounce, according to technical analysis by Barclays Capital.

DeGraaf Says Trend for Stocks Is ‘Positive’: Technical Analysis
(Bloomberg) -- The rally in U.S. equities is likely to resume following the biggest weekly decline in 14 months, said Jeffrey deGraaf, the top-ranked technical analyst.

Loonie Will Return to Parity, Citi Says: Technical Analysis
(Bloomberg) -- The Canadian dollar will likely return to parity after the greenback fell below support in the range of C$1.0207 to C$1.0225, according to Citigroup Inc.

Asian Currencies Gain This Week as Data Points to Faster Growth
(Bloomberg) -- Asian currencies appreciated this week, led by Malaysia’s ringgit and South Korea’s won, on signs the region’s economic growth is gathering pace, bolstering demand for emerging-market assets.

Mobius Says China Bear Market Offers Opportunities (Update1)
(Bloomberg) -- Chinese stocks are becoming more attractive after initial share sales and derivative trading pushed the benchmark index to a bear market, investor Mark Mobius said.

IMF Urges Nations to Reduce Debt, Says Risk ‘Cannot Be Ignored’
(Bloomberg) -- The International Monetary Fund urged governments to cut public debt to prevent higher interest rates and slower economic growth, saying the fiscal crisis in Europe shows such risk “cannot be ignored.”

Oil Is Poised for Second Weekly Drop on Bets Demand Will Slow
(Bloomberg) -- Crude oil is poised for a second weekly decline amid speculation Europe’s sovereign-debt crisis and rising supplies in the U.S., the world’s biggest energy consumer, signaled global fuel demand will be slow to recover.

Palladium May Reach $700 in Six Months, Matthey Says (Update1)
(Bloomberg) -- Palladium may rise to a nine-year high in the next six months and platinum may climb to the highest price since July 2008 on stronger industrial usage and investment demand, Johnson Matthey Plc said.

S&P 500 Annual Meeting Calendar, Week of May 17 - June 11
(Bloomberg) -- The following table shows when companies in the Standard & Poor's 500 Index are scheduled to hold their annual meeting. Data is compiled by Bloomberg through company releases, stock exchanges and filings reported with the Securities and Exchange Commission.

Thai Stocks May Rally 16% This Year, Asia Plus Says (Update1)
(Bloomberg) -- Thailand’s stock index, Asia’s third- best performer in the past month, may rally a further 16 percent this year as political tension eases and economic growth boosts corporate earnings, Asia Plus Securities Pcl said.

With Banks Under Fire, Some Expect a Settlement
It is starting to feel as if everyone on Wall Street is under investigation by someone for something.

Time for Regulators to Impose Order in the Markets
If your machine makes a mistake that the dumbest human would never make, then maybe you don’t have a very good machine.

White House's Volcker: Future of Euro in Doubt
Europe's debt troubles could undermine its currency, White House Economic Adviser Paul Volcker said on Thursday.

Charts: Look for S&P 500 Support at 1,132
The S&P 500 will fall toward 1,132 points in the next two or three sessions and then start a "large sideways movement," Bill McLaren, independent trader, told CNBC Friday.

One Market Relationship Is My 'Biggest Concern': Art Hogan
Stocks slid on Friday amid a fresh round of worries about the U.S. economic recovery. How should investors prepare their portfolios and what should they watch for? Art Hogan, global equity product director at Jefferies, shared his insights.

Gold to Fall Below $1,000 By End of Year: Economist
Strength in the US dollar and stability from the European bailout will take the steam out of gold's recent run and send prices to below $1,000 by year's end, one economics firm says.

'Carthaginian Peace' Could Be Bad for Gold: Strategist
Carthaginian peace refers to the imposition of a very brutal “peace,” or the armistice imposed on Carthage by Rome that saw the Romans systematically burn Carthage to the ground.

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