Sunday, February 10, 2013


  • (WSJ)The Justice Department is expected to sue Standard & Poor's Ratings Services alleging the firm ignored its own standards to rate mortgage bonds that imploded in the financial crisis and cost investors billions.

  • China data for January showed exports rose 25% and imports climbed 28.8% YoY, giving the country a trade surplus of $29.2 billion. All three figures beat market expectations.
  • A chief of Chinese sovereign wealth fund said that it is a "very good time" to invest in the Eurozone, which he believes is recovering from the crisis.
  • China's investor confidence index rose 24.36% MoM to stand at 62.8 in January.

  • U.S. personal income rose a solid 2.6% in December, after a 1.0% gain in November.

  • Macau Gaming Inspection and Coordination Bureau reports January gross gaming revenue +7.3% YoY to 26.9 bln patacas ($3.36 bln), vs. +20% YoY in January 2012.

  • Bloomberg: Crop estimates for the Pampas, Argentina’s main soybean region, should be trimmed on a lack of rain, Eduardo Sierra said in an e-mail statement to Bloomberg, The area is facing what may be the hottest start to a year in more than half a century, he said.

  • (NYT) America’s vast population of free-roaming domestic cats manages to kill a median of 2.4 billion birds and 12.3 billion mammals a year, most of them native mammals like shrews, chipmunks and voles.

  • According to CFED’s Assets and Opportunities Scorecard, 43.9% of American households are “liquid asset poor” meaning they “lack enough savings to cover basic expenses for just three months if they suffer a loss of income.” Over a quarter of the”liquid asset poor” make between $55,465-$90,000 a year.

  • The S&P/Case-Shiller index of home values rose 5.5% from November 2011. This is 29% below its peak in July 2006.

  • Japan's unemployment rate rose to 4.2% in December from 4.1% the previous month. Japan's industrial output rose 2.5% in December.

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