Sunday, February 17, 2013


  • The preliminary reading of the consumer sentiment, which records the figure for the first half of a month, edged up to 76.3 in February from 73.8 in the previous month. It's the highest level since November 2012, boosted by rising stock prices, increased property values and a reviving jobs market

  • Heinz (HNZ) rose 20% to $72.45, a nickel below the per-share buyout bid made by Berkshire Hathaway (BRKA BRKB) and 3G Capital.

  • The euro zone’s economy shrank by 0.6% in the fourth quarter from the previous three months.

  • The German economy contracted by 0.6% QoQ, its worst performance since the global financial crisis in 2009.

  • France contracted by 0.3 % QoQ also worse than expectations.

  • Japan's recession continued in Q4, with data showing a 0.1% contraction QoQ

  • Marco Rubio (R-Fla.) (Jim Inhofe student?) dismissed the idea that the U.S. government could do anything to combat climate, the day after he gave the Republican response to President Barack Obama's State of the Union.

  • USDA projects China corn imports to rise to 770 mln bu per year over the next 10 yrs
  • USDA projects China soybean imports to rise to 3.78 bln bu per year over the next 10 years

  • Overall foreign holdings of U.S. Treasury securities reached 5.55 trillion U.S. dollars in December, up from a revised 5.53 trillion in November 2012. It was the 12th consecutive monthly increase.

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.