Update Daily Investment News

Indonesia’s First Half GDP May Have Risen 5.8%, Government Says
(Bloomberg) -- Indonesia’s economy may have expanded 5.8 percent in the first half of this year and may grow 6 percent in the second half, the Finance Ministry said in a statement presented during a parliament hearing in Jakarta today.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=auSL97x9l0vM

Dow Erases 2010 Loss as S&P 500 Tops Moving Average (Update2)
(Bloomberg) -- The rally that erased the Dow Jones Industrial Average’s 2010 loss yesterday and carried the Standard & Poor’s 500 Index above its 200-day average spurred optimism among chart analysts and investors who track earnings.
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aOC97nFSxq5Q&pos=7

Banks May Signal Trouble for U.S. Stocks: Technical Analysis
(Bloomberg) -- Banks and brokerages have lagged behind the U.S. stock market, spurring concern among technical analysts that the Standard & Poor’s 500 Index may resume its decline soon.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aTEm01pzqaVw

Australian Dollar May Rise to 8-Month High: Technical Analysis
(Bloomberg) -- The Australian dollar is in a “rising trend” and may extend gains toward an eight-month high of 94 U.S. cents, Royal Bank of Scotland Group Plc said, citing trading patterns.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=ayoCbSXFAixY

Euro May Break 200-Day Average, Citi Says: Technical Analysis
(Bloomberg) -- The euro’s almost 2 percent rally since July 21 may extend to the 200-day moving average of $1.3618 provided the 16-nation currency breaks above resistance around the $1.31 area, according to Citigroup Inc.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aKGEnGlX8Oqg

Copper ‘Neckline’ Signals Rally, Citi Says: Technical Analysis
(Bloomberg) -- Copper may rally 3.9 percent to the highest price since early May after closing above the “neckline” in a technical double-bottom formation, according to strategists at Citigroup Inc.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aotzkB8T3Wm4

Stay Bearish on S&P 500 Until 1,118 Level: Technical Analysis
(Bloomberg) -- Investors should remain bearish on the Standard & Poor’s 500 Index until the benchmark gauge for U.S. equities rises above the 1,118 level, according to the head of technical research at Mint Equities Ltd.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aM_EyUQgCGo0

Chance of Double-Dip US Recession is High: Shiller
The state of the U.S. economy is worrisome and there is a high possibility of a double-dip recession, one of the property market's most well-known economists said Tuesday.
http://www.cnbc.com/id/38429491

Another Recession Due Circa 2012: Jim Rogers
A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday.
http://www.cnbc.com/id/38427247

Art Cashin: US Must Move Wealth from Multinationals to Main Street
http://www.cnbc.com/id/38428569

Traders Position for Big Activision Rally
http://www.cnbc.com/id/38426717

Are Bulls About To Send Bears Into Hibernation?
By Monday’s close the bulls were claiming victory after the Dow turned positive for the year and the S&P 500  ended in the green and above the 1,100 level for the second straight session.
http://www.cnbc.com/id/38414158

No Double-Dip Recession for World: Richard Branson
http://www.cnbc.com/id/38423699

Palm Oil Gains, Reversing Losses, as Recent Drop Lures Buyers
(Bloomberg) -- Palm oil gained for the first time in three days after the recent losses attracted buyers seeking to build inventories ahead of festivals in the most populous Asian nations.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=auLKdkxcB4W0

Tin Gains to Highest Level Since Lehman’s Failure on Stockpiles
(Bloomberg) -- Tin, the best performing industrial metal this year, climbed to the highest level since the collapse of Lehman Brothers Holdings Inc. in September 2008 as shrinking inventories signaled steady demand.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aDiN9FGBzmAg

Gold May Gain as First Monthly Drop Since March Spurs Demand
(Bloomberg) -- Gold, little changed in New York, may gain on speculation that the first monthly drop in prices since March will spur physical demand. Platinum climbed to a four-week high.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aOTgpHLi3zT8