|
Billionaire Li Ka-shing’s Hui Xian Real Estate Investment Trust, Hong Kong’s first stock sale denominated in yuan, fell on its debut after offering the lowest yield among property trusts in the city. Hui Xian declined as much as 11 percent and ended its first day 9.4 percent lower at 4.75 yuan. The trust raised 10.5 billion [...]
Warren Buffett has asked for tough questions at the annual meetings of his Berkshire Hathaway Inc. (BRK/A) He may get his wish after praising the outgoing executive who was later faulted by a board committee for misleading the company about stock trades. Buffett uses his meeting and annual Omaha, Nebraska, press conference to promote Berkshire’s growth, pitch [...]
This question leaps to the mind navigating the ruins of Japanese cities like Tagajo. Skylines now look as if Dali’s surrealist brush had a hand in rendering things so out of place. Escher’s mind seems at work, too. Interlocking shapes that shouldn’t exist in the three-dimensional world litter cityscapes that before March 11’s earthquake and [...]
As commodity prices continue to surge there’s a pressing yet unanswered question hanging in the air: When will this lead to an aggregate slowdown in companies’ operating margins or an ignition of inflation as retailers attempt to pass on costs to consumers? Today, Hennes & Mauritz released its first quarter earnings (ending February 28) which showed [...]
Stocks had a rough close Monday and, at least in the S&P E-mini, there was a key reversal. But for now, rotation continues into stocks from fixed income, as stocks are seen as a ‘tangible asset’ for many who continue to shun metals as an alternative in their portfolios. Monday’s price action in the S&P was indeed compromising for an [...]
In line with yesterday’s bullish call for sentiment USDCHF saw initial gains, supported by positive momentum. This upside stalled near .9300 and all initial gains were reversed into the close. These losses have been continued in Asia and although intraday signals are approaching oversold extremes we look for this decline to deepen. In view of [...]
The U.S. Department of agriculture today released the long awaited report about U.S. farmers’ planting intentions for the 2011/12 crop season. The total acreage came in slightly higher than expected at 239.4 mio acres, which is 9.4 mio acres more than the 2010/11 season. The biggest winner, compared with expectations, was wheat and corn while [...]
The U.S. Department of Agriculture will release its long awaited report today about U.S. farmers’ planting intentions for the 2011/12 crop season. Given the current tightness in supply, in especially corn and soybeans, this report could set the tone for price developments over the next couple of months until weather becomes the sole focus ahead [...]
The U.S. market is expected to open flat following the sell-off yesterday as solid economic data clashes with a new round of sovereign debt concerns in the Eurozone and continuing Middle East commotion. Germany is doing all it can to lift the rest of the Eurozone as another report released earlier today shows that factory orders grew 2.9 [...]
The USD followed through on its smart little technical reversal yesterday with follow-up strength today, but will the currency follow through to the strong side here, or is this simply another modest consolidation that will fade to yield further gains for the greenback like all previous attempts by the currency to make a stand? UK [...]