Sunday, October 23, 2011

Quick Overview

  • IT's view of Dow Theory is back to bullish
    http://is.gd/U7MWjQ
  • Big banks found themselves under pressure in Europe's debt crisis Saturday, with finance chiefs pushing them to raise billions of Euros in capital and accept huge losses on Greek bonds they hold.

  • For the global sugar marketing year that began this month output will exceed demand by 6 million tons so UBS estimates. Macquarie anticipates a 5.32 million-ton glut, and Kingsman a surplus of 8.4 million tons. Barclays Capital estimated 4.5 million tons surplus, and the London-based International Sugar Organization anticipates a surplus of 4.2 million tons.

  • U.S. unemployment rates dropped in 25 states, rose in 14 and stayed the same in 11. That is an improvement from August, when unemployment rose in 26 states. Nevada (13.4 %) reported the highest unemployment rate for the 16th straight month. California, with unemployment rate falling from 12.1% to 11.9 %, ranked number two. Michigan had the third-highest rate, at 11.1%.

  • Eurozone government deficit rose to 572.5 billion Euros in 2010 from 571.5 billion in 2009, but the deficit-to-GDP ratio dropped to 6.2% from 6.4%.

  • More than 170 countries have agreed to speed up adoption of a global ban on the export of hazardous waste.

  • IBM ranks first in U.S. and second in world as World's Greenest Company. We've focused on green for 20+ years.

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