Wednesday, November 10, 2010

Quick Overview

  • China posted a larger-than-forecast $27.1 billion October trade surplus. Exports gained 22.9 % YoY and imports rose 25.3 %.

  • The CFTC plans to detail which institutions will be subject to tough new regulations on December 1

  • Beijing and Washington policies put upward pressure on currencies elsewhere and risk return to trade protectionism -- so says Greenspam.

  • Australia's unemployment rate rose to 5.4% in October, up from 5.1% in the previous month.

  • Japanese core machinery orders fell 10.3% in September.

  • The N.Y. Fed said Wednesday it will buy $105 billion in Treasury bonds over the next month.

  • Cisco Systems is forecasting 3% to 5% revenue growth in its fiscal second quarter, down from current projections of 13% growth.

  • YoY sales of new houses in Spain declined in September by 4.1 %, ending an eight-month-long sales surge.

  • (Bloomberg) Copper for three-month delivery rose to as much as $8,800 a metric ton after Anglo American Plc said it’s receiving “huge” interest for 200,000 tons of new copper capacity it expects to bring online in 2012.

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