• • • • •

Click here or on the thumbnail below for a (delightfully green) market map, obtained from Finviz , providing a quick overview of last week’s performances of global stock markets (as reflected by the movements of ADR stocks). General Motors Corp ( GM ) and Ford Motor ( F ) rose by 71% and 88% respectively on the expectation that auto makers will receive a government bailout. Readers often ask me about Richard Russell’s ( Dow Theory Letters ) latest views. Arguing against a more lasting reversal of fortune for commodities, the Baltic Dry Index – a benchmark for shipping major raw materials, including coal, iron ore and grain, and generally an excellent barometer of economic activity – declined by 14. MMM ) — The moment this stock starts yielding 5%, I’m a buyer. NOC ) — You can’t own the defense stocks right now. read more

Technorati Tags: , markets, week, mortgage, u, global, news

NEW YORK (AP) — Gold prices were largely unchanged Tuesday, but other commodities, including energy and agriculture futures, declined as investors were hit with more discouraging economic news. Commodities prices have been pummeled in recent months by signs of a faltering economy that investors believe will sharply curtail demand for energy, base metals and other raw materials. Investors, heartened by new government initiatives to spur lending, sent the Dow Jones industrials and Standard & Poor’s 500 index higher for the third straight session. The moves by the federal government to pump money into the financial system and increase lending among banks and to consumers could feed inflation, which ultimately bodes well for commodities. read more

Technorati Tags: commodities, fell, investors, prices, declined, economic, news

read more

Technorati Tags: news

The tone is festive and investors are sticking to the safe haven after the 10% dropoff in demand last year, reports Lewa Pardomuan for Mineweb . MMM ) — The moment this stock starts yielding 5%, I’m a buyer. CSC ) — This is a company that was going to be bought, but they passed up the chance. NLY ) — I think this is a business model that needs to borrow money. NOC ) — You can’t own the defense stocks right now. read more

Technorati Tags: , demand, gold, etfs, exposure, funds, news

The Fed’s also buying debt issued by the housing-related government-sponsored enterprises, with purchases up to $100 billion by next week and up to $500 billion by year end. The Dow Jones Industrial Average rose 396 points, the S&P 500 added 51 points and the Nasdaq Composite fell 87 points. Intraday data provided by Interactive Data Real Time Services , a division of Interactive Data Corp. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data . Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. read more

Technorati Tags: data, , nasdaq, provided, billion, dow, news

PARIS, Nov 24 (Reuters) – European stock index futures pointed to a sharp bounce on Monday, with the market tracking a late rally in New York on Friday, and as investors cheered a rescue plan for embattled Citigroup (C. At 0701 GMT, futures for the Eurostoxx 50 STXEc1, Germany’s DAX FDXc1 and the French CAC 40 FCEc1 were up between 3. Fed up with ugly routers and clunky hard drives, a growing number of consumers are looking for well-designed gadgets that complement decor instead of cluttering desktops and clashing with furniture. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. read more

Technorati Tags: news, reuters, , 24, business, delayed, news

SEATTLE (Bloomberg) — Gold climbed, capping the biggest weekly gain since September, as the global economic slump dragged down asset prices and boosted the appeal of the precious metal as a store of value. Gold was the biggest gainer, followed by silver, among 19 commodities on the Reuters/Jefferies CRB Index. Gold is the only asset in the Deutsche Bank Commodity Long Index that’s posted gains over the past month, the bank said. The Standard & Poor’s 500 Index closed at the lowest level in 11 years as crude oil dropped to the lowest since May 2005. Silver has dropped 36 percent in 2008 while platinum and palladium have fallen more than 40 percent each. read more

Technorati Tags: gold, delivery, silver, futures, index, , news

Having seen the crude prices slip from its peak of over $147 a barrel in July to below $50 late last week, the industry experts now believe that the most-keenly monitored commodity could see a level of $40 in the next few weeks, as demand slump is unlikely to subside in the current economic scenario. Only in May this year, global financial services major Goldman Sachs’ energy analyst Arjun Murti, an Indian-origin person also known as ‘oil guru,’ had forecasted that crude prices could soon see a level of $200. The declining demand due to recession in Eurozone, the US and Japan may pull down crude from 45 dollar per barrel  level, he said, adding that the US witnessed seven per cent decline in oil consumption on week on week basis. However, Religare Commodities’ Commodity Business Head Jayant Manglik strongly feels that crude might not slip below $40 per barrel level as liquidity pumped into major economies will start showing its effect in the coming days. Earlier this week, OPEC revised downwards its demand growth forecast for 2008 to 290,000 barrels per day (bpd) from 550,000 bpd previously following global recession fears, undercutting oil demand in developed economies and that, in turn, was pulling down overall world oil demand. read more

Technorati Tags: oil, crude, barrel, demand, level, prices, news

On March 9, 2005, the last time gasoline cost less than $2, the Dow Jones industrial average closed at 10,805. The national average price fell nearly a dime in the past week and almost 90 cents in the past month. While there have been few good weeks on the New York Mercantile Exchange since crude peaked on July 11, the past week was particularly bad. The Dow plunged Thursday after the Labor Department said new applications for jobless benefits exceeded analyst estimates and rose to the highest level of claims since July 1992 and investors grew even more leery about the health of the nation’s biggest banks. read more

Technorati Tags: crude, gasoline, friday, prices, week, 1, news

Louis San Antonio San Francisco San Jose Seattle South Florida Tampa Bay Washington, D. Futures tied to the Standard & Poor's 500 Index fell 7 points to 805. Dow Jones Industrial Average futures lost 54 points to 7,973. Futures had been significantly lower Thursday morning before Saudi billionaire Prince Alwaleed bin Talal announced he was increasing his stake in Citigroup Inc. The Hang Seng Index lost 517 points, or 4 percent, to 12,298 on the Stock Exchange of Hong Kong. Marni Matyus walked away from Nortel to find success and satisfaction selling unique baby items. read more

Technorati Tags: points, futures, index, san, business, fell, news