TradetheNews.com US market update

Tuesday, 7 February 2012 11: 46: 17
TradetheNews.com US market update

DJIA + 31 S & P500 + 2 NASDAQ + 7
B. economic data.
-(CL) Chile Jan trade balance: $2.0 b V $1. 2be
-(CL) Chile Jan Kupfer exports: $4 billion V $3 billion before
-(US) ICSC/GS per store sales w/e Feb 4th: + 1.8% w/w; + 3.5% y/y
-(PL) Poland Jan total official reserves: $100.3 (b) V are $97 before
-(CA) Canada Dec building allows M/M: 11.0% V 1.0%e
-(Uns) Redbook retail sales w/e Feb 4th: + 2.5% y/y; Feb MTD: + 1.2% V Jan
-(EU) (EU) ECB foreign exchange reserves has w/e Feb 3rd: $277 billion $273 V.3 (b) before
-(MX) Mexico Nov gross fixed investment: 6.7% V 5.8%e
-(USA) Feb IBD/tip economic optimism: 49.4 v 48 6e
-(US) Dec JOLTs jobs: 3,376 M V 3.25Me
-(HU) Hungary Jan budget balance (HUF): 107.3B V 1.734T before
-(EU) ECB drained €219.0 b vs. €219.0 b targeted in 7 days deposits to compensate by gov bond purchases (SMP)
Equity indices on both sides of the Atlantic are again today morning after a bumpy start unchanged. There is a considerable amount of optimism about the situation in Greece morning after the Government reported a much too fresh reform measures, remove at least one block to the next round of aid payments from the EU and passing have backed up the IMF. With a better sense of Greece, the dollar is below average, aid. After sinking as low $96 is already agreement in the meeting, the forward month WTI back up to $98.
Stocks of BP morning despite solid gains today, and are a large dividend hike in the red. One year on an annual basis, production decreased by 5%, and the CEO said that he expected that underlying production to "largely flat" in 2012. Anadarko is 3% petroleum after goals beat company comfortable profit and sales growth. Sales and production rose by double-digit y/y in the quarter.
-Coca-Cola met expectations on somewhat subdued growth. The only real outstanding area of the company business China, was where the volume grew 10% y/y. Ko's CEO said that the deal could sustainably profitable growth in Europe, despite the ongoing debt crisis. Yum Brands noted consensus and executives that was directly in line with the, that more than half of the operating profit of the company is now in China. In addition, they said that the new unit growth in India very similar to China so far.
Less than 5% was stocks by Emerson Electric, after the company its forecast of FY12 trimmed, fierce-looking results by segment result today morning reported. Shares of the EMR have regained some ground. Netflix crushed rival Coinstar expectations in its Q4 and his unit of Redbox signed a big deal acquires assets of NCR entertainment line of business for up to $100 M
-In other news, mining giant Xstrata agreed with commodity trading giant Glencore in an all stock deal worth $90 b. investors get 2.8 new Glencore stocks shares Xstrata (without Xstrata shares, which already owned by Glencore) place. At least two of the top 10 Xstrata shareholders have announced that they intend to vote against the agreement. The offer must be approved other than Glencore 75% of shareholders.
-1.32 Levels by mid morning explore the wave of optimism about the situation of Greece supports mood this euro morning, and was EUR/USD. Shopping stops are rumored around 1.3230 area are set by 50. SNB Jordan reaffirms, that attitude will defend the Central Bank the EUR/CHF cross ground would purchases to 1.20 with unlimited amounts of foreign currency. It also reaffirms that the current CHF exchange rate provided challenges for the economy, but he that he said CHF in the course of time weaknesses expect. EUR/CHF tested the 1.21 level to its highest level in two weeks.
** View **
-11: 30 (GR) Greece hours a day meeting with IIF Dalara
-11: 30 To sell Treasury, 4-week and 52 week bills (US)
-13: 00 Pm (US) Treasury $32B in the 3-year Notes for sale
-Bundeskanzlerin Merkel 1300 (DE)
-14: On fiscal rules make decision 00 (GR) Greece PM Papademos party leaders
15: 00 Clock (US) Dec consumer credit: $7. 0be V $20 billion before
-16: 30 (US) per API energy inventory dataImprint Disclaimer and risks
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