Tuesday, April 24, 2012

QUICK OVERVIEW

  • ATT reported Q1 earnings of $0,60 per share, expected $0.57. Revenues rose 1.8 % YoY. U.S.

  • New home sales fell 7.1% in Feb. The Midwest is down 20% and 27% in the West. The rest saw modest gains. Inventory dropped from 146,000 in Feb to 144,000 in March – a new low. The Median sales price rose 6.3% to $234,500. Pulte Homes rose 5%, after the U.S. Commerce Department said new homes sold at an annual rate of 328,000 last month.

  • (Spiegel) The collapse of the Dutch government, the prospect of Socialist François Hollande as next French president and the surging popularity of far-right parties shows that budget discipline is out of fashion in Europe. Chancellor Angela Merkel is looking increasingly lonely in her fight to save the euro through painful austerity measures, write German commentators.

  • Mexico added 16.8 metric tons of gold valued at about $906.4 million to its reserves in March as nations including Turkey, Russia and Kazakhstan increased their holdings of the metal, International Monetary Fund data show.

  • A dairy cow in California tested positive for bovine spongiform encephalopathy (Mad Cow),USDA announced.

  • Oil World reduced estimates of Argentina’s soy crop to 42.5 mmt, down from the USDA’s 45 mmt and down 1.5 mmt from its previous estimate.

  • Apple’s profit rose 94% to $12.30 a share. iPhone sales rose 88% YoY -- beating the most optimistic forecast.

No comments: