Daily Markets - Financial News And Opinions

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• Forex Trading: EUR Retail Sales M/m
• Forex Trading: Euro Catches Bid From Greece News
• Forex Trading: Euro-zone Final Services PMI
• Europe ETFs That Aren’t Dragged Down By Eurozone Issues
• Video: USPS Seeks Cost-Cutting Measures
• New Wisdom From Warren Buffett Of Berkshire Hathaway
• Vehicle Sales Up 13%, Ford Leads With 43% Jump
• Even The Dead Cats Aren’t Bouncing
• Video: The Day Ahead: ADP Employment Report
• Higher Wages Through Government Contracts
• Hard Asset Producer ETF (HAP) Under The Microscope

Forex Trading: EUR Retail Sales M/m Posted: 03 Mar 2010 02:03 AM PST January retail sales for the euro-zone came in as expected at -0.3%; still worse than the prior reading of 0.1%. The euro, which was bid prior to the number, could have possibly been stunted by this negative … [visit site to read more]

Forex Trading: Euro Catches Bid From Greece News Posted: 03 Mar 2010 01:11 AM PST The EUR has mad considerable gains against all of the majors after news that Greek austerity measures have reached 4.8 billion euros. Currently, the EUR/USD has trading at … [visit site to read more]

Forex Trading: Euro-zone Final Services PMI Posted: 03 Mar 2010 01:02 AM PST Final services PMI was slightly worse than the survey and prior reading of 52.0, coming in at 51.8 for … [visit site to read more]

Europe ETFs That Aren’t Dragged Down By Eurozone Issues Posted: 03 Mar 2010 01:01 AM PST Europe’s economy is in a shambles: Greece is dealing with a massive deficit, but not far behind are countries like Portugal, Spain and Ireland. There are still ways to get exposure in Europe via exchange traded funds (ETFs) while sidestepping these landmines. Greece may have a bailout package in the works, but that only fixes one part of the problem in Europe. Spain, Italy, Portugal and Ireland are all facing huge issues that could spur the need for more bailouts and stimulus measures. Then … [visit site to read more]

Video: USPS Seeks Cost-Cutting Measures Posted: 03 Mar 2010 01:00 AM PST The USPS seeks comprehensive changes to its operations, amidst a severe revenue shortfall. … [visit site to read more]

New Wisdom From Warren Buffett Of Berkshire Hathaway Posted: 02 Mar 2010 08:01 PM PST It’s no secret that I’m a huge fan of Warren Buffett (and his business partner Charlie Munger, too). That’s why I eagerly await the release of Berkshire Hathaway’s annual shareholder reports. The latest version - released just a few days ago and available online in its entirety - is really written to a bigger audience than usual. After all, Berkshire 'B’ shares were recently split into much more affordable units and their subsequent addition to the S&P 500 index means that … [visit site to read more]

Vehicle Sales Up 13%, Ford Leads With 43% Jump Posted: 02 Mar 2010 08:01 PM PST The table above (click to enlarge) shows February U.S. vehicle sales (data here), ranked by the percentage change from February of last year. Overall sales in February were up 13.3% compared to last year (91,320 more vehicles were sold last month compared to February 2009), and Ford led the industry with a 43.4% increase, and capturing almost half (43,000 vehicles) of the 91,320 unit increase from last February. See news reports here and … [visit site to read more]

Even The Dead Cats Aren’t Bouncing Posted: 02 Mar 2010 07:45 PM PST Those who are betting on an economic recovery — V-shaped or otherwise — seem to be counting on two things: the housing market is (or will soon be) on the mend and a growing number of employers are poised to take on more staff. If the following reports are anything to go by, the optimists might want to have a rethink. First up is a post from the Paper Economy blog, “Bounce, Crackle and Pop!: 9 Down… And Counting,” which reveals that even the dead cats aren’t bouncing in the … [visit site to read more]

Video: The Day Ahead: ADP Employment Report Posted: 02 Mar 2010 07:00 PM PST The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]

Higher Wages Through Government Contracts Posted: 02 Mar 2010 06:50 PM PST “In the end, businesses had to choose between lowering wages and shutting down. Often, they shut down.” Let’s see now. Government spending is out of control. So are budget deficits and debt generation. The taxpayers are in revolt. Tea parties are dominating the political scene. Yet, despite all this, we get an announcement that government contracts will be used to raise wages and other employee benefits. The announcement did not say the government would try to get the best deal for … [visit site to read more]

Hard Asset Producer ETF (HAP) Under The Microscope Posted: 02 Mar 2010 06:06 PM PST With the tremendous rise of ETF investing has come the "democratization" of many asset classes previously out-of-reach to all but the biggest and richest individuals and institutions. One of the primary areas of growth in the ETF industry has been commodity products, which have continued to multiply and attract billions of dollars in assets. According to the ETF screener, there are now more than 90 exchange-traded commodity products, including both diversified funds and single-resource … [visit site to read more]

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