Saturday, November 30, 2013


  • The pending U.S. home sales index fell 0.6% to 102.1 and dropped to its lowest level since last December, the National Association of Realtors said.
  • Because of the 16-day republican/tea instigated government shutdown, sales of U.S. Existing Homes dropped 3.2% to a 5.12 million annual rate, the fewest since June.

  • Eurozone jobless rate stands at 12.1% in Oct.

  • Israeli stock prices rose to another record high last Sunday, ignoring local politicians' comments that a deal to curb Iran's nuclear program was a mistake.

  • European Central Bank member Joerg Asmussen said the ECB, which cut interest rates to a record low earlier, was ready to take further action if necessary and instruments at its disposal included negative deposit rates.

  • Ukraine bowing to pressure from Russia is the first major defeat for the EU in its eastward march since the fall of Communism.

  • Swiss vote down plan to cap salaries of top executives.

  • China and Japan appeared to be a step closer to a military confrontation that could drag in the United States, after Beijing extended its air-defense zone over a group of islands that is also claimed by Tokyo..

  • Japan's central bank kept its ultra-loose monetary policy in place and says the economy is on track for a "moderate recovery”.
  • YoY Japan's consumer prices increased by 0.9% in October, marking the fastest growth in five years and signaling possible exit from deflation.

  • U.S. regulators are considering whether to give banks more time to comply with the Volcker rule, which bans them from gambling with their own money, Fed Vice-Chair Janet Yellen said.

  • The equation is simple: (more U.S. imports) = (fewer U.S. jobs) A report by the Economic Policy Institute estimates that America's trade deficit with China between 2001 and 2011 eliminated a net 2.7 million U.S. jobs.

  • India's July-Sept. GDP grew 4.8 %

  • Bloomberg forecasts China to pass India in Gold purchases and projects a 29% growth in Chinas gold purchase for 2013.

Sunday, November 17, 2013


  • The European Commission has exercised historic new EU powers allowing it to revise national budgets for the first time.

  • (Reuters) - The U.S. House of Representatives passed a controversial bill on Tuesday that would delay two government regulators from adopting rules requiring stock brokers and retirement account financial advisers to put their customers' interests ahead of their own.

  • (USA Today) Most Americans say past global warming has been caused largely by human activities — ranging from a low of 65% in Utah to a high of 92% in Rhode Island. Most also back government curbs on greenhouse gas emissions from power plants — from 62% in Utah to 90% in New Hampshire.

  • (Reuters) - Carbon dioxide injected into oil and gas wells may have caused a series of minor earthquakes in Texas long before the adoption of current hydraulic fracking.

  • Deforestation in the Amazon increased by nearly a third over the past year, according to Brazilian government figures released on Thursday.

  • The Environmental Protection Agency proposed to reduce the amount of ethanol in the nation's fuel supply for the first time. December corn fell 4.5 cents, or 1.1 percent, to $4.22 a bushel.

  • Australia’s central bank left its benchmark interest rate unchanged at a record low and said a lower currency will be needed to achieve balanced growth.

  • Crime rates will soar, economies will stagnate and Europe's social fabric will deteriorate if policymakers do not act to address youth unemployment, World Economic Forum report warns.

  • General Electric Co (GE) will spin off its credit card business next year into a separately traded company as it tries to reduce its exposure to unpredictable financial businesses and return to its manufacturing roots.

  • In Q3 Windows Phone accounted for nearly 10 % of all Smartphone sales in the EU 5 (France, Germany, Italy, Spain, the United Kingdom), research firm Kantar Worldpanel ComTech said. That's a double YoY - largely due to sales of Nokia's Lumia handsets.

  • The board of directors of Kimberly-Clark (KMB) has proposed a spin-off of its healthcare business in order to focus on its consumer and professional brands.

Sunday, November 03, 2013


  • The Chicago purchasing managers index rose to 65.9% in October, the best performance since March 2011.

  • At $680 billion, the U.S. federal government's latest annual deficit is the smallest since 2008.

  • U.S. home prices posted their strongest gain in August for more than seven years, according to S&P/ Case-Shiller Home Price Indices the 10-City and 20-City Composites posted a 12.8% growth rate YoY, the highest increases since February 2006.

  • Starbuck’s raised its quarterly dividend 24% to 26 cents a share.

  • Eurozone's CPI is at a 4-year low in September

  • Spain Retail Sales (YoY) improves to 2.2% in September from -4.5% in August

  • Iran's inflation hits 36.2%

  • World Bank: ‏Over the next 20 yrs, South Asia countries will add 1 million new people to the global labor force every month.

  • YoY Asia's cocoa grindings rose 12% to 161,097 tonnes in Q3, while North American cocoa grindings rose 8.25% to their highest since at least 2009.