Zero Hedge: Daily Highlights April 16, 2010
- Asian stock markets were lower Friday with Japanese tech stocks weighed by the strong yen.
- China has raised down-payment requirements for certain home buyers.
- China sold U.S. Treasurys for the fourth consecutive in February; holdings down $11.5B.
- Emerging bond inflows of $10.4B surpass 2005.
- EU Finance Chiefs meet as Greece moves on bailout.
- Fed's Yellen says she's growing more confident economy is on 'right track'.
- Ireland asks church to pay half 1.4B Euro abuse bill.
- Oil drops below $85 in Asia as stock markets slide, led by Japan, China.
- US Manufacturing output rose 0.9% in March as factories continued to lead recovery.
- Yuan forwards fall as BRIC talks steer clear of currency policy.
- Advanced Micro CEO: Demand for chips still outpacing supply.
- AMD swings to profit, posts gain of $257M as revs rose 34% to $1.57B.
- Bain predicts sales of luxury goods will rise 4% globally in 2010, to €158B.
- Boston Scientific cleared by FDA to resume U.S. heart defibrillator sales.
- Carrefour's sales rose 5.5% in Q1 to €23.96B, lifted by an improvement in France.
- Charles Schwab's earnings declined 45% amid a 19% drop in trading revenue.
- Citic Securities halts trading on 'important' talks.
- Commerce Bancshares' Q1 net up 43%, helped by 5.6% rise in revs, smaller loan-loss prov.
- GE faces SEC review after Paulson's account of talks.
- Google's Q1 earnings jumped 37% to $1.96B as revenue rose 23%.
- Intuitive Surgical's Q1 net surges to $85.3M from year-ago's $28.1M. Revs at $328.6M.
- Lions Gate Entertainment will review Mr. Icahn's revised offer of $7/sh.
- Macarthur Coal to start talks with Peabody after major shareholders said its $3.8B offer is worth considering.
- Mobile phone maker Sony Ericsson posts a $29M profit in Q1, helped by product launches, cost savings.
- QBE Insurance to acquire NAU Country, US provider of crop insurance, for $565M.
- Swire Pacific Ltd. plans $3B property spin-off via Hong Kong IPO.
- Toyota is conducting safety tests on all of its SUVs.
- UAL seeks to combine with US Airways, but retain lucrative partnership with Continental.
- Valmont Industries Q1 profit down 54% to $16.5M on 19% dip in revs, higher costs.
Source: ZeroHedge
-----
About FMX: FMX Connect is an information, data, and analytics portal for Commodities. The portal provides an all-in-one package including essential market data, independent third party research, industry news, and commodity trading tools. FMX Connect provides efficient, effective, and thorough data that bridges all aspects of commodities onto one screen. The Result; A user friendly application for hedge fund traders, OTC brokers, individual investors, and industry participants
-----
Note: The information presented, while from sources generally believed to be reliable, is not guaranteed and may not be complete. FMX | Connect makes no representations or warranties regarding the correctness of any opinions or information. Past results are not necessarily indicative of future results. Nothing in this report should be construed as a representation to buy or sell shares, futures or options, which contain considerable risks. For internal client distribution only. Any reproduction, re-transmission, or distribution of this report without permission is prohibited. Media correspondents or reporters may not quote any one page or section in its entirety and must attribute all quotes, ideas or concepts herein. Copyright FMX | Connect, ©2009-2010. All rights reserved.