Sunday, July 11, 2010

Update Daily Investment News

Week Ahead: Stocks Could See Bigger Earnings Season Pop
Second-quarter earnings season is likely to create a positive backdrop for stocks, at least temporarily.

Retail Sales Probably Declined in June: U.S. Economy Preview
(Bloomberg) -- Retail sales in the U.S. fell in June for a second month and industrial production cooled, signs the expansion will moderate in the second half, economists said before reports this week.

Global, Asian Emerging-Market Stock Funds Post Inflows in Week
(Bloomberg) -- Global and Asian emerging-market stock funds took in net inflows as investors bought more shares in Taiwan and India in the week ended July 7 even as they pulled $11.25 billion from equity funds worldwide, EPFR Global said.

Euro Breakup Would Unleash GDP Growth, Capital Economics Says
(Bloomberg) -- The breakup of the euro area would save the 16-nation region from years of economic stagnation by boosting weaker members’ competitiveness as well as domestic demand in Germany to spark growth, Capital Economics said.

Gold May ‘Bottom’ in Next Week on Low Cycle: Technical Analysis
(Bloomberg) -- Gold, heading for a third weekly decline, may reach a short-term low in the next week and climb higher, according to technical analysis by independent analyst Jim Stellakis.

China Stocks Find ‘Bottom,’ May Rebound: Technical Analysis
(Bloomberg) -- A rebound in Chinese stocks, the worst performers in Asia this year, may be imminent after reaching a near-term low, CIMB Group Holdings Bhd. said, citing two technical indicators.

Treasury 10-Year Note Yield May Move Higher: Technical Analysis
(Bloomberg) -- The yield on the 10-year Treasury note is poised to move higher after failing to break through a significant technical level this week, according to FTN Financial.

Dollar May Gain to 90 Yen on ‘Golden Cross’: Technical Analysis
(Bloomberg) -- The dollar may rise to 90 yen, the highest level since June 23, if it breaks above key levels concentrated around 88 yen to 89 yen on technical charts, according to Bank of Tokyo-Mitsubishi UFJ Ltd.

Dollar May Rise to 90.60 Versus Yen, Commerzbank Analysts Say
(Bloomberg) -- The dollar may reach 90.60 against Japan’s currency should it hold above a so-called support area between 87.15 and 87.00 yen, Commerzbank AG said, citing technical indicators.

Asia’s Commodity Demand Is ‘Structural,’ LME Says (Update3)
(Bloomberg) -- Growth in demand for commodities including metals in Asia is surging as nations ramp up infrastructure spending, according to the head of the London Metal Exchange, the biggest marketplace for industrial metals.

Gold-Rally Bets Drop Most Since April 2009 After Euro Rebounds
(Bloomberg) -- Bets on a gold rally by hedge-fund managers and other large speculators dropped the most since April 2009 after the metal traded below a key moving average following the euro’s rebound.

Halftime Pt. 1: Is There Conviction Behind Market Gains?
In midday trading, stocks inched higher for a fourth day Friday, putting the markets on-track for the best week of trading in more than a year. But from the floor of the New York Stock Exchange, Steve Grasso of Stuart Frankel remains skeptical of the rally.

Halftime Pt. 2: Earnings Deluge Presents Flood Of Trading Opportunities
Prepare for a deluge of earnings reports next week. Some of the most widely followed companies will all release results - one after another. Take a look:

Asian Stocks Climb on Economic Growth Hopes; China Banks Gain
(Bloomberg) -- Asian stocks completed the biggest weekly advance this year, as falling U.S. jobless claims, speculation China may wind back some tightening measures and a South Korean interest-rate increase spurred confidence in a global economic recovery.

Google, Other Market Dogs Kick Off Earnings

Earnings Deluge Presents Flood Of Trading Opportunities

Repeat of 2008 Selloff on Horizon: Hedge Fund Director

Economists see U.S. recovery weakening: survey
WASHINGTON (Reuters) - The U.S. economy will lose steam as the year progresses but will not slide back into recession, even though unemployment is unlikely to fall significantly, according to a survey released on Saturday.

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