Morning Market Briefing

Morning Market Briefing Thursday, September 29, 2011, 09:01 Contents Commentary Economic News Earnings News Corporate News Todays WS Events Commentary Stocks May Show Strong Move Back To The Upside - U.S. Commentary Stocks are likely to show a notable move back to the upside in early trading on Thursday after coming under pressure in the latter part of the previous session. The major index futures are currently pointing to a sharply higher open, with the Dow futures up by 158 points. (Sep 29, 2011) Full Article Economic News South Korea Current Account Surplus $401.3 Million South Korea saw a current account surplus of $401.3 million in August, the Bank of Korea said on Thursday - remaining in the black for the 18th consecutive month although hitting a seven-month low. (Sep 29, 2011) Full Article Japan Retail Sales In Surprise Fall In August Retail sales in Japan declined unexpectedly in August with consumers growing increasingly reluctant to spend amid concerns over a flagging global growth and rising uncertainty over the outlook. (Sep 29, 2011) Full Article UK House Prices Rise Modestly In September: Nationwide House prices in the U.K. edged up in September following a moderate decline in August, the latest housing market survey results from the Nationwide Building Society showed Thursday. (Sep 29, 2011) Full Article German Unemployment Declines In September German unemployment decreased notably in September as companies continued to hire employees despite fears of a global economic slowdown. (Sep 29, 2011) Full Article Eurozone September Economic Confidence Deteriorates Eurozone economic confidence declined more than expected in September reflecting broad-based weakness in all sectors, signaling that the currency bloc is on the brink of recession amid unsolved debt woes. (Sep 29, 2011) Full Article U.S. Weekly Jobless Claims Fall Much More Than Expected First time claims for U.S. unemployment benefits showed a notable decrease in the week ended September 24th, according to a report released by the Labor Department on Thursday, with claims dropping below the key 400,000 level. (Sep 29, 2011) Full Article German Parliament Approves Euro Bailout Boost By Big Majority The German Parliament has approved with overwhelming majority a crucial bill that commits Europe's largest economy to raise its contribution to the European Financial Stability Facility (EFSF) Fund by EURO 88 billion ($120 billion). (Sep 29, 2011) Full Article U.S. Second Quarter GDP Growth Upwardly Revised To 1.3% The U.S. economy grew more than initially reported in the second quarter, according to figures released Thursday by the Commerce Department. The 1.3 percent growth in U.S. gross domestic product, while still weak, was 0.3 percentage points stronger than the 1 percent growth previously reported. (Sep 29, 2011) Full Article Earnings News Mosaic Q1 Profit Surges The Mosaic Co. (MOS) Wednesday reported a sharp rise in first-quarter profit thanks to higher selling prices and sales volumes. (Sep 29, 2011) Full Article Corporate News Nokia To Slash 3,500 Jobs in Further Restructuring Nokia Corp. (NOK) Thursday said it intends to take further steps to restructure its workforce, including the closure of its Cluj, Romania-based plant. The actions are expected to see a reduction of 3,500 jobs by the end of 2012. (Sep 29, 2011) Full Article Todays WS Events Mosaic Q1 12 Earning Conference Call At 10:00 AM ET Mosaic Co. (MOS) will host a conference call at 10:00 AM ET on September 29, 2011, to discuss Q1 12 earnings results. To access the live webcast, log on to www.mosaicco.com (Sep 29, 2011) Worthington Q1 12 Earnings Conference Call At 10:30 AM ET Worthington Ind. (WOR) will host a conference call at 10:30 AM ET on September 29, 2011, to discuss its Q1 12 earnings results. To listen to the live webcast, log on at www.worthingtonindustries.com (Sep 29, 2011) Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service