US market update

Wednesday, 21st March 2012 11: 22: 01

US market update
DJIA 41.5 S & P500-4 NASDAQ + 1



B. economic data.
-(US) MBA mortgage applications w/e Mar 16: 7.4% V 2.4% before
-(IE) Ireland Feb PPI M/M: 0.6% V + 1.4%; Y/y: 2.4% V 2.7% before
Indicators in the M/M and leading-(CA) Canada Feb: 0.6%et for v 0.7%
-(MX) Mexico of Jan retail sales: 4.4% V 4.0%e
-(USA) Feb existing home sales: 4.59 M V 4.61Me
-(US)-Pro DOE's energy supplies: crude oil:-1.2M vs. + 2.5Me; Gasoline:-1.2M vs - 2.5Me; Distillate: + 1.76M vs. - 1Me; Usage: 82.2% V 82.5%e
-The cautious tone still markets dominate this morning after mostly flat and the most European indexes in the Red fall Asia. Equity is markets of the United States the slightly disappointing housing data mostly under water today morning after. Existing home sales slipped by 0.9% to an annual rate of 4.59 M units in February, yesterday is after something positive that February enables data. The dollar has reversed course again trade to the best level against the euro of yesterday's meeting of safe harbour. Government bonds are trading flat on the curve, and some analysts believe a new higher area approximately 2.3%, the 10-year yield has laid. WTI crude oil is its lows yesterday, in the middle of the $106-handle.
-It has a batch of messages from the tech sector overnight. Oracle reported decent Q3 results yesterday afternoon, with very strong edges out-performance in the quarter and serious advice for Q4 drive modest result. Oracle is CFO commented that the company deliver in 2012 on the way to the highest margins in its history operates. Jabil Circuit was largely in line with expectations in his report Q2 and Q3 guidance. Tech services company SAIC missed expectations in its Q4 and offered sub-par Guide for the FY13 loss, only one week after the announcement of a settlement with the Department of Justice and the city of New York for the CityTime was. HP confirmed widespread reports that it would combine its printing and PC units after new CEO Meg Whitman speculation last year put an end, which would sell the PC unit of HP. ORCL gave up trading around the apartment its post-market gains on the day. SAI is around 7%, and at its lows while HPQ is in the red, led for 3%.
-In other news General Mills largely consensus expectations in the Q3 results and reaffirmed its full-year guidance. Margins at the company have however, contract, and executives said that the company the highest level of the commodity inflation in 30 years this year with entrance runs around inflation + has seen 11% y/y. Baker Hughes warned that their profits Q1 on sequential basis, due to the poor conditions in the pressure pumps with the decline in natural gas activity because of the low prices would be reduced. Shares of the BWI are around 4%. Harford financial has relented, activist investor John Paulson and decided his pension business in run-off and strategic alternatives for individual life, insurance broker / dealer and retirement plan to search units. Hartford to focus on property & casualty, group use and investment funds. Investors seem happy and HIG is up 4% from its previous + 6% level.
-There were no surprises from the UK Chancellor budget presentation this morning with GDP estimates only very slightly changed. On the front of the corporate tax rate to 22% said taxes Osborne until 2014 would be reduced, with the individual marginal tax rate would be reduced to 45% from 50%. This morning, both put Fed Chairman Bernanke and Treasury Secretary Geithner testifying before Congress to their previous views on Europe. Reaffirms that the euro must be to strengthen the firewall and stressed that Europe's ability to resolve the crisis with its own resources.
** View **
-11: 30 (BR) Brazil Central Bank per currency transaction data
15: 00 (AR) Argentina Feb trade balance: $1. 3be V $550 M ago
-17: 00 (CO) Colombia Jan industrial production Y/Y: 4.0%e v 2.4%; Retail sales Y/Y: 7.0%e v 7.5% before
-17: 45 (NZ) New Zealand Q4 GDP Q/f: 0.6%e v 0.8%; Y/Y: 2.2%e v 1.9% before
-19: 50 (JP) Japan Feb total merchandise trade balance:-¥ 120. 0be V ¥ 1.477 t prio; Adjusted balance of trade:-¥ 342. 5be V ¥ 612.8 b before
-22: 30 (CN) China Mar HSBC China Manufacturing PMI Flash: none est v 49,7 above

Imprint Disclaimer and risks

All information of trade news (a product of trade news, Inc. "called TTN hereinafter") is for informational purposes only. Information is not intended to be investment advice, nor is it a recommendation for the purchase or sale of securities. Information deemed reliable sources is taken, can any warranties or guarantees of the accuracy of the provided information are handled. 1. Information may be incorrect and/or incomplete 2. Information can erroneously republished or delayed, 3. information may be wrong, misread, wrong or misunderstood 4. Human error is a business risk you 5 to enter are ready. Technology can crash or 6 be interrupted without notice. Trading decisions are the responsibility of the merchant, not the provision of additional information. Trade news shall not be liable (financial and/or non-financial) for any losses arising from information provided all of TTN. High risk includes securities and financial loss can and regularly and are part of the risk of trade and investment.