Managed Forex Accounts

Canadian Dollar Mixed Against Majors; Unemployment Report Eyed

admin — Fri, 12 Mar 2010 15:58:56 +0000

The Canadian dollar showed mixed trading against major currencies during early European deals on Friday as traders look forward to Canada’s unemployment report for February, which is due at 7:00 am ET.

Canadian Dollar Mixed Against Majors; Unemployment Report Eyed

admin — Fri, 12 Mar 2010 15:58:55 +0000

Canadian Dollar Mixed Against Majors; Unemployment Report Eyed

admin — Fri, 12 Mar 2010 15:58:55 +0000

Japanese Market Extends Gains On Optimism About Monetary Easing

admin — Fri, 12 Mar 2010 15:58:36 +0000

The stock market in Japan extended gains for the second consecutive day on Friday amid optimism that Bank of Japan will unleash monetary easing measures in its meeting early next week to fight deflation and help sustain economic growth. Positive closing on Wall Street in the previous session and stabilty in the local currency against the US dollar also lifted market sentiment, with stocks across the sectors recording marginal gains.

Indian Market Ends Flat

admin — Fri, 12 Mar 2010 15:58:36 +0000

The Indian market ended the trading session on Friday on a flat note as traders preferred to adopt a wait-and-watch approach on global economy ahead of retail sales in the US and widely expected interest rate hike by People’s Bank of China. The IIP data released during the day came in slightly lower than expected at 16.7% for January.

Australian Market Ends In Positive Territory

admin — Fri, 12 Mar 2010 15:58:35 +0000

The Australian market ended in positive territory with minor gains on Friday, taking cues from Wall Street where the major averages ended with modest gains in the previous session. Traders were cautiously optimistic about the health of the global economy and await economic data related to retail sales in the U.S later in the day for more cues.

European Averages In Positive Territory

admin — Fri, 12 Mar 2010 15:58:34 +0000

The major European averages are trading in positive territory in early afternoon trading Friday, buoyed by encouraging industrial output data from the Eurozone. Crude for April delivery is up $0.54 per barrel at $82.65 and gold is trading higher by $5 an ounce at $1113.2.

Stocks Look To Extend Gains Ahead Of Data

admin — Fri, 12 Mar 2010 15:58:31 +0000

The U.S. stock futures point to a higher opening Friday morning as traders, relieved that China has not raised interest rates as widely expected, may indulge in buying on increasing optimism about economy. Economic data related to retail sales, consumer sentiment and business inventories might also impact market sentiment.

KKR & Co. L.P. Files For An IPO – Quick Facts

admin — Fri, 12 Mar 2010 15:58:29 +0000

KKR & Co. L.P. filed a Form S-1 with the U.S. Securities Exchange and Commission for an initial public offering of common units.

KKR & Co. L.P. Files For IPO Of Up To $2.21 Bln

admin — Fri, 12 Mar 2010 15:58:28 +0000

Crude Carriers Prices IPO At $19/Share, Low End Of Estimated Range

admin — Fri, 12 Mar 2010 15:58:27 +0000

Crude Carriers Corp., a newly formed Marshall Islands corporation focused on maritime transportation of crude oil cargoes, announced that it has priced its initial public offering of 13.50 million common shares at $19 per share.

BoE’s Dale: Halting Bond Purchase Not An End To Monetary Loosening

admin — Fri, 12 Mar 2010 15:58:23 +0000

Bank of England policy maker Spencer Dale said Friday that a pause in monetary loosening does not necessarily mean that loosening has come to an end.

Eurozone Industrial Output Surges In January

admin — Fri, 12 Mar 2010 15:58:22 +0000

Eurozone industrial production rose at a record pace in January on increased energy output, data released by the Eurostat showed Friday.

Italy’s Gross Wages Rise In Q4

admin — Fri, 12 Mar 2010 15:58:21 +0000

Italy’s seasonally adjusted index of gross wages per full time equivalent increased 0.6% sequentially in the fourth quarter, the statistical office Istat said Friday. The industrial sector saw a 1% rise in gross wages and 0.5% growth in services.

S&P Raises Foreign Currency Rating On Indonesia

admin — Fri, 12 Mar 2010 15:58:21 +0000

Rating agency Standard & Poor’s on Friday, raised its long-term foreign currency sovereign credit ratings on the Republic of Indonesia to ‘BB’ from ‘BB-’. The outlook is positive.

Finnish Trade Deficit Narrows In January

admin — Fri, 12 Mar 2010 15:58:20 +0000

Finnish trade deficit narrowed to EUR 55 million in January from EUR 70 million in December, data released by the National Customs Board showed Friday.

Finnish Building Costs Fall In February

admin — Fri, 12 Mar 2010 15:58:19 +0000

Finland’s building costs were 0.2% lower in February 2010 than in February 2009, Statistics Finland said Friday. Labor costs in construction rose by 2.7% in the year. By contrast, prices of materials fell by 1% and those of other inputs by 3.5%.

Spanish CPI Inflation Eases To 0.8% In February

admin — Fri, 12 Mar 2010 15:58:18 +0000

The Spanish consumer price index, or CPI, rose 0.8% year-on-year in February, slower than January’s 1% increase, data released by the statistical office showed Friday. Economists had forecast the rate of inflation to ease to 0.9%. Core inflation was 0.1%, unchanged from January.

New Zealand Dwelling Sales Recover From Decade-Low

admin — Fri, 12 Mar 2010 15:58:18 +0000

New Zealand’s total residential dwelling sales recovered in February from their lowest level in nearly two decades, the Real Estate Institute of New Zealand said Friday.

New Zealand January Retail Sales Growth Tops Expectations

admin — Fri, 12 Mar 2010 15:58:17 +0000

New Zealand retail sales grew more than expected on fuel and auto sales in January, reversing a fall in December. However, weaker-than-expected growth in core retailing raised concern over the recovery in consumer spending.

PBoC Assistant Governor Sees Rising Inflation In Q1

admin — Fri, 12 Mar 2010 15:58:16 +0000

China’s inflation would continue to rise in the first quarter and inflation expectations are increasing gradually, the People’s Bank of China Assistant Governor Guo Qingping said Friday.

EU Disburses Third Tranche Of Community Loan To Latvia

admin — Fri, 12 Mar 2010 15:58:15 +0000

Thursday, the European Commission made third installment of its EUR 3.1 billion community loan to Latvia. The Commission made EUR0.5 billion disbursement as part of the balance of payments support. The community loan, agreed in January 2009, is part of a EUR 7.5 billion multilateral financial assistance package.

Ocean Power Q3 Loss Widens – Update

admin — Fri, 12 Mar 2010 15:58:13 +0000

Wave energy developer Ocean Power Technologies, Inc. (OPTT, OPT.L) reported Friday a wider loss for the third quarter, reflecting a 11% decline in revenues, lower interest income as well as higher product development costs. However, revenues increased 47% from the sequential second quarter.

Stocks Look To Extend Gains Ahead Of Data

admin — Fri, 12 Mar 2010 15:58:07 +0000

India’s Jan IIP Growth Surges

admin — Fri, 12 Mar 2010 15:58:06 +0000

India’s Index of Industrial Production, or IIP, witnessed a robust growth in January, backed by a strong double-digit growth in manufacturing and mining sectors, particularly consumer durable goods sector. Stimulus measures initiated by the government also played a vital role in boosting the domestic demand.

Fortis Healthcare Acquires Stake In Singapore-Listed Firm

admin — Fri, 12 Mar 2010 15:58:05 +0000

Fortis Healthcare Ltd., India’s fastest growth healthcare company, said on Thursday that it had acquired 23.9% stake in Singapore-listed healthcare service provider, Parkway Holdings Ltd., for around $685.3 million.

Ocean Power Q3 Loss Widens – Update

admin — Fri, 12 Mar 2010 15:58:05 +0000

Up For Grabs : Rumor Mill…

admin — Fri, 12 Mar 2010 15:58:04 +0000

The merger & acquisition activity is back in full swing in 2010. A number of notable M&A deals have been announced so far this year, and takeover rumors surrounding some companies, continue to make headlines.

Agrium Not To Pursue Acquisition Of CF Industries – Update

admin — Fri, 12 Mar 2010 15:58:03 +0000

In what will end a year long take-over battle, Canadian fertilizer and agricultural products distributor Agrium, Inc. announced Thursday that it will no longer pursue U.S.-based rival CF Industries Holdings, Inc., and will let its exchange offer for CF shares expire on March 22. It will also not push for the election of its nominees to the CF board.

Stocks Look To Extend Gains Ahead Of Data

admin — Fri, 12 Mar 2010 15:58:01 +0000