Hello every one at daily talk :smile:
I have been a member at PrivateHYIP for quite some time now and for the past several months I have managed a thread solely for daily stockbroking news. I am going to start to put that information here also for the benefit of members.
There will be two updates per day, one in the morning around 9-10am (+1 GMT) and another around 5-5.30pm (+1GMT).
The news I will post here is news that I write for daily newspapers and internet papers in Malta. So, the news posted here will be up to date and before that shown in the press.
Alan
Market News
European stocks fell early on Thursday as uncertain financial outlook continued to weigh on banks, after HBOS warned of a 1 billion pound ($2 billion) writedown in the first half of its financial year. U.S. stocks ended lower on Wednesday and the Dow hit its lowest close in three months as worries over a weak economy, a bleak outlook from FedEx Corp and gloomy news pointing to more trouble in the financial sector rattled investors. Japan's Nikkei share average fell 2.2 percent on Thursday, led lower by exporters such as Honda Motor Co on a firmer yen and worries about a weak U.S. economy, a major destination for world exports.
Euro & U.S. Bond News
Short-dated euro zone government bond yields opened higher on Thursday after the Bank of England Governor underscored worries about global inflation, while Bund futures edged slightly higher, continuing to recover from the lows plumbed last week. U.S. Treasuries were steady to slightly lower in Asian trading on Thursday, as investors waited to see how gilts would react to a speech by Bank of England Governor Mervyn King the previous day.
Emerging Markets
Asian corporate and sovereign bond spreads widened on Thursday amid doubts about the U.S. economy at a time of renewed concern about losses in the global financial sector. Newly issued Indonesian bonds maturing in 2014, 2018 and 2038 gave up gains scored on Wednesday of 0.5-0.75 point to trade back near the prices at which they were sold.
Top News
Japan's Sanyo Electric said on Thursday it plans to double annual production of AA and AAA size rechargeable batteries as more consumers choose the economical and environmentally friendly option. Its shares climbed as much as 5.5 percent on the news. Investors have recently been picking up shares in battery makers as they see an increasingly rosier future for rechargeable and car batteries amid surging oil prices and worries about global warming.
Alan
Here are 5 PDF's to download, very short at around 1-3 pages. Detailed information which you just wont get anywhere unless you pay for it or your a stockbroker/company trader. Given in these PDF's are also trade recommendations.
technicals PDF - A PDF on technicals, typically for Banks
dpm PDF - Daily Precious Metals Report
dailyenergy - Daily Energy Report
25fx - Forex Exchange Daily Outlook
mgrns - Feltes Daily Grain Wrap and Outlook
Alan
Local – Leading banking stocks close flat
Local stocks put in a lacklustre performance today, as most of the equities finished unchanged from their previous session close. International Hotel Investments p.l.c., MaltaPost p.l.c. and Simonds Farsons Cisk p.l.c. were the movers of the day and closed in positive terrain. The Malta Stock Exchange gained 0.17% at 4109.21 points.
• The shares of International Hotel Investments p.l.c. edged forward EUR0c9 (MTL0.004) to settle at the EUR1.02 (MTL0.438) level across 3,000 shares. At market close, best unsatisfied bids stood at EUR1.02 (MTL0.438) for 10,000 shares against best offers of 5,000 shares at EUR1.05 (MTL0.451).
• MaltaPost p.l.c. and Simonds Farsons Cisk p.l.c. traded EUR1c4 (MTL0.006) and EUR1c0 (MTL0.004) higher to close the fourth session of the week at EUR0.814 (MTL0.349) and EUR2.72 (MTL1.168) respectively. MaltaPost p.l.c. was the most liquid stock of the day as 14,533 shares were swapped across six transactions.
• Meanwhile, Bank of Valletta p.l.c. and HSBC Bank Malta p.l.c. witnessed a quiet day. Their share price preferred to stay on the sidelines and closed unchanged at EUR4.90 (MTL2.104) and EUR3.55 (MTL1.524) respectively. Between these two equities, a total volume of 18,933 shares changed hands across sixteen deals.
• Furthermore, FIMBank p.l.c., GO p.l.c. and Grand Harbour Marina p.l.c. followed suit and closed flat at $1.88, EUR2.65 (MTL1.138) and EUR2.05 (MTL0.88) respectively.
U.K. - Market News & Gossip *
• Imperial Tobacco will be eyed as it is expected to detail today the planned restructuring of Altadis which it acquired last year for £10bn.
• The Times suggests that Centrica is looking to take control of Belgian electricity supplier SPE, but will need to match a bid from EDF and the UK power group states this morning that it continues to trade in line with the guidance it gave back in May.
• The WSJ suggests that British Airways is to launch a new airline today that will link New York to continental Europe.
• The FT writes that Vodafone has pulled out of the auction for Tiscali, but suggested it may yet re-enter if Tiscali did not reach an agreement with the four remaining, which include BSkyB and Carphone Warehouse.
E.U. - Market News & Gossip *
European stocks turn lower as Wall Street loses steam in early trade following a weaker-than-expected reading on the Philadelphia Fed index.
• Anheuser Busch’s board is looking to meet with InBev this week as its initial standoffish stance may be easing.
• The FT suggests that Telefonica is looking to buy a 10% stake in China Unicom as it looks to take advantage of opportunities from Beijing’s plans to update its telecoms sector.
• The European Trade Commissioner has stated publicly that the ongoing issues at TNK-BP was creating a bad image for investment in Russia.
• Nokia Siemens has stated that despite the tougher consumer market it did not expect the strong competition in telecoms gear contracts to ease.
• Sanofi-Aventis will be eyed after reports that it is looking to trump a bid from PPF for the Czech based drugmaker Zentiva.
• Deutsche Bank will be eyed after the $6.5bn LBO of Huntsman looked to be in trouble overnight after Apollo Management stated that the financing for the deal was in jeopardy, Deutsche and Credit Suisse are funding the deal.
• BASF states that it now plans only to develop GM crops that can be sold globally, dropping the strategy of regionally specific products.
• Pirelli flags up that it would be interested in being part of a group that was to make a move for Kaufhof if Metro was to sell the chain.
• Air Berlin is looking to ground around 10% of its fleet this winter and cut capacity on long haul routes by up to 30%.
• EADS will be eyed as US auditors have upheld Boeing’s protest over the USAF award of the $35bn refuelling contract and have urged the USAF to re-run the competition.
• Sources suggest that France Telecom is still hopeful that TeliaSonera investors will persuade the Swedish telco to enter into talks.
.U.S. - Market News & Gossip *
U.S. stocks were little changed on Thursday, with the Dow hovering around the 12,000 level, after a regional report on factory activity fell more than expected, raising doubts about the economy's health.
• Anheuser Busch stays in the news on reports that its board is planning to meet with InBev this week for the first time since the $46bn approach.
• The WSJ suggests that the fuel costs are increasingly impacting on future plans of the big four and suggests that General Motors has postponed the redesign of its SUVs and full sized trucks as it moves its portfolio towards more fuel efficient vehicles.
• Huntsman states that it will fight the efforts by Apollo for a $6.5bn takeover as it states that Apollo’s actions it believes are inconsistent with the terms of the merger agreement.
• The WSJ writes that Hewlett-Packard is to reorganise its printer operations, down from five business units into three.
• EADS is trading off the intraday lows but is still around 1% lower after the news that the auditors of the USAF refuelling contract have been pushing for a re-run.
• President Bush has called on Congress to end the federal ban on offshore drilling and to open a portion of the Arctic National Wildlife Refuge for oil exploration stating that these measures, amongst others, would lower gasoline prices.
• And staying in the sector the NY Times writes that the Iraqi government is seen close to signing four major oil contracts with four western oil majors, Exxon, BP, Royal Dutch Shell and Total which would mark a return to the country for the first time in 36 years since Saddam Hussein nationalised the industry.
Alan
Market News
European shares rose in early trade on Friday, helped by a rebound in banks and in oil stocks as crude resumed its rise but still traded well off record highs. U.S. stocks rose on Thursday as a drop in oil prices fueled investor optimism about consumer spending, driving shares of transportation and retailers sharply higher. Japan's Nikkei stock average slipped 1.3 percent on Friday, led down by Kyocera Corp and other blue chip stocks as many investors come to view the recent rise in Japanese shares as over for now.
Euro & U.S. Bond News
Euro zone government bond futures opened slightly higher on Friday, tracking firmer U.S. Treasuries overnight as investors trimmed bets that the Federal Reserve will soon start raising interest rates to curb price pressures. U.S. Treasuries rose in Asia on Friday as investors reduced bets that the Federal Reserve will soon start raising interest rates to curb inflationary pressures ahead of the central bank's policy meeting next week.
Emerging Markets
Asian corporate and sovereign bond spreads widened on Friday after a Moody's downgrade of two U.S. bond insurance firms and Citigroup's warning of further write-downs reinforced concerns about the credit crunch. But a drop of almost $5 in oil prices after China announced it would raise domestic fuel prices eased some of the concerns over higher energy costs elsewhere in the region.
Top News
Yahoo Inc is considering a reorganization to centralize its mail, search and homepage divisions into a global product organization, the Wall Street Journal reported on Thursday, quoting people familiar with the matter. It said President Sue Decker is behind the move, in an attempt to improve coordination between product and global sales groups. The move comes as Yahoo tries to convince investors it will substantially improve its business.
Alan
daily PDF's for download
Alan
U.K. - Market News & Gossip
• GlaxoSmithKline will be eyed after a report in the WSJ that a US Dept. of Justice investigation on Glaxo allegedly withholding data about the suicide risks of its antidepressant drug Paxil is now widening.
• Australian miner Indophil announces that it was recommending an AU$488m bid from a consortium of investment groups, the offer trumps the hostile moves from Xstrata.
• Marks & Spencer will be eyed after reports that it has distributed as many as 1m discount vouchers as it looks to boost sales ahead of next months trading update.
• The FT writes on a new survey which details how UK consumers may stay wary on the UK high street but once on holiday the wider credit crunch concerns are offset by the feeling that they deserve to spend, and as a result admit to overspending on foreign breaks.
• The Times highlights how an attack by separatists in speedboats forced Royal Dutch Shell to close its largest offshore oil production unit in Nigeria, removing a tenth of the country’s output.
• Sainsbury stays in the news as its online grocery service looks to be done for another day, with the technical issues seen to be costing around £1m in lost revenues so far.
• Goldman Sachs details that on behalf of Asian based Guoco it has now acquired further shares in Rank Group to take its stake up to 14.7%.
• Sources suggest that Sumitomo Mitsui Financial may invest some $900m into Barclays and was also looking for an alliance with the group in Asia.
E.U. - Market News & Gossip
European shares extended losses in afternoon trading on Friday, taking their cue from leading Wall Street indexes, which added to early declines to trade between 1.4 and 1.8 percent lower.
• Sources suggest that Spanish retail bank Santander is looking at buying Dresdner Bank, the unit of Allianz as consolidation in the sector in Germany continues.
• Anheuser Busch is expected to play for time with its board meeting due over the weekend as analysts suggest it may look to reject the offer from InBev outright or indicate that the offer was too low.
• France Telecom stated yesterday that it had opened talks about entering into formal takeover negotiations with TeliaSonera and that it could sweeten its $41bn bid but analysts do not expect any significant increases ahead.
• French press details how Exane BNP Paribas has acquired a 5.7% stake in Atos Origin for an as yet undisclosed investor.
• The chief of Vivendi has again stated his protest to rules which he states favour France Telecom and stifle competition in fixed lines.
• L’Oreal details that it is launching a new share buyback of up to €1.25bn.
• Union Fenosa postpones the planned sale of a 7 year euro benchmark bond citing the unfavourable market conditions.
• Spanish construction group Martina Fadesa is looking to cut up to a third of its workforce, according to unions, as the slowdown continues.
• Dexia will stay in focus after it fell some 6% yesterday reportedly on concerns that its US subsidiary FSA could lose its credit rating.
• Adidas is in the news as it is taking Wal-Mart to court alleging that the retailer’s use of two and four stripes on shoes was diluting its three stripe design.
.U.S. - Market News & Gossip
U.S. stocks extended losses on Friday, and the Nasdaq slid more than 2 percent, as investors turned cautious on equities due to concerns about the outlook for U.S. banks and the impact of higher oil prices on consumer spending and inflation.
• The WSJ suggests that the president of Yahoo is considering a reorganisation that would centralise Yahoo mail, search and homepage divisions into a global product organisation, and the paper also highlights how a number of senior executives have been leaving the group of late although it stated it was too early to say if the executives leaving was a s a result of the planned changes or have triggered them.
• While the FT has the chief of Microsoft stating that it would not look to make a spate of other internet acquisitions after the failed bid for Yahoo.
• Lehman states in a note that both Ford and General Motors may have to make writedowns of $1bn plus due to pressure on there financial arms.
• The WSJ highlights how the heavy flooding in regions of the US was helping to drive corn prices even higher.
• Sources suggest that a meeting between NYMEX and exchange seatholders, who are threatening to block an acquisition by CME, was inconclusive.
• Anheuser’s board is due to meet over the weekend with analysts divided over whether they will reject the InBev offer outright or ask for a higher offer.
• Wal-Mart is in the news after suggestions it may set up a global technology hub in India, and also as Adidas starts legal action alleging shoes sold at the retailer with two or four stripes were impinging on its trademark of three stripes.
Alan
Market News
European shares rose in early trade on Friday, helped by a rebound in banks and in oil stocks as crude resumed its rise but still traded well off record highs. U.S. stocks fell sharply on Friday with the Dow closing below 12,000 for the first time since mid-March as rising oil prices and warnings of more mortgage-related write-downs at banks reignited investor fears of worse to come. Japan's Nikkei stock average slid 0.6 percent to a nearly one-month closing low on Monday as Mitsubishi Estate Co Ltd and other property developers took a beating on reports of lower condominium prices, while blue-chip exporters slid after Wall Street tumbled.
Euro & U.S. Bond News
Euro zone government bond futures opened weaker on Monday, tracking U.S. Treasuries and ahead of key German Ifo business sentiment data. Volumes are likely to be thin, as with U.S. Treasuries, ahead of the Federal Reserve's two-day rate-setting meeting which concludes on Wednesday. U.S. 10-year Treasury notes edged higher in Asian trade on Monday, getting a lift from a rise in Japanese government bond futures.
Emerging Markets
Several major central bank meetings with the U.S. Federal Reserve policy meeting chief among them, in addition to a plethora of economic data are likely to keep emerging market investors on edge in the coming week. The banker's decisions and the economic data will serve as trip-hammers for a volatile trading environment if the outcomes are beyond expectations.
Top News
Italian phone groups Telecom Italia and Fastweb have reached an agreement to cooperate on building a new generation network in Italy with enhanced broadband capacity, they said in a statement on Monday. The two operators, which own competing broadband networks, will share parts of each other's networks and plan together to avoid duplication and build the new network faster and cheaper, the companies said.
Alan
Quote:The news I will post here is news that I write for daily newspapers and internet papers in Malta. So, the news posted here will be up to date and before that shown in the press.
Hi Alan, thanks for posting these updates, they are quite informative and will be beneficial to some of our members with an interest in the markets
Do you work directly for the papers or are you a free lance writer?