Saturday, November 19, 2011

Quick Overview

  • U.S. leading indicators rose 0.9%, the most since February

  • (SBMRY) SabMiller the brewer reported that fiscal first-half net income rose 23% on 12% higher revenue.

  • Moody's downgraded the ratings on debt and deposit of 10 German public-sector banks

  • Ed Hansberry: Microsoft's license agreements cover 53% of Android's share. Getting somewhere between $5 and $15 for each handset sold, Microsoft is making a ton of money off of Google's platform.

  • U.S. crude oil stocks decreased by 1.1 million barrels in the week ending November 11, gasoline stocks declined by 1.0 million and distillate stocks decreased by 2.1 million barrels. Ethanol production rose by 5 million to 916 million barrels. Stocks rose 0.7 million to 17.1 million barrels

  • (BBC) Radioactive cesium found in Japans rice.

  • U.S. new housing starts fell 0.3% in October -- YoY Housing starts are up 16.5%

  • Women with attractive eyes may be forced to cover them up under Saudi Arabia's latest tyrannical measures.

  • S&P upgrades Brazil's sovereign credit rating from BBB- to triple B

  • The new Greek coalition government submitted the 2012 draft budget, forecasting an ambitious budget deficit cut to 5.4 % of GDP next year from this year's 9.0 %

  • Central Bank gold buying of 148.4 tonnes is a 40 year high.

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