Morning Market Briefing

Morning Market Briefing Friday, September 30, 2011, 09:01 Contents Commentary Economic News Earnings News Broker Ratings Changes Stocks To Watch Commentary Stocks Likely To Move Sharply Lower At The Open - U.S. Commentary Stocks are likely to come under pressure in early trading on Friday, as traders express continued concerns about the outlook for the global economy. The major index futures are currently pointing to a sharply lower open, with the Dow futures down by 130 points. (Sep 30, 2011) Full Article Economic News South Korea August Industrial Output Rises 4.8% Industrial output in South Korea climbed 4.8 percent on year in August, Statistics Korea said on Friday, expanding for the 26th consecutive month. (Sep 30, 2011) Full Article Japan Industrial Output Rise 0.8% In August Industrial output in Japan was up a seasonally adjusted 0.8 percent on month in August, the Ministry of Economy, Trade and Industry said on Friday in a preliminary reading - continuing to reflect the results of the devastating earthquake and tsunami on March 11. (Sep 30, 2011) Full Article Standard & Poor's, Fitch Downgrade New Zealand Rating International rating agencies Standard & Poor's and Fitch Ratings on Friday downgraded New Zealand's credit rating by one notch, citing the economy's deteriorating external position. (Sep 30, 2011) Full Article China Manufacturing PMI Steady, Inflation Hits 4-Month High China's manufacturing activity shrank only marginally in September despite the weakening global growth, the latest report from Markit Economics showed Friday. However, inflation quickened to a four-month high during the month. (Sep 30, 2011) Full Article German Retail Sales Slump Most Since May 2007 As Crisis Dampens Demand German retail sales dropped at the steepest pace in more than four years in August as mounting concerns about the potential impact of the region's debt crisis made consumers reluctant to spend. (Sep 30, 2011) Full Article Eurozone Inflation Accelerates To 35-Month High Eurozone annual inflation increased unexpectedly in September to the highest level since October 2008. (Sep 30, 2011) Full Article U.S. Personal Income Dips 0.1% In August, Spending Rose 0.2% Personal income in the U.S. showed a modest decrease in the month of August, according to a report released by the Commerce Department on Friday, although the report also showed a continued increase in personal spending. (Sep 30, 2011) Full Article Earnings News Micron Tech. Sinks to Q4 Loss Micron Technology Inc. (MU) Thursday posted a fourth-quarter loss as a result of lower margins and a drop in sales. While the loss was contrary to analysts' estimates, revenues topped the market view. (Sep 30, 2011) Full Article Ingersoll Rand Slashes Q3, 2011 Financial Guidance Ingersoll Rand plc (IR) Friday reported lowering its earnings and revenues estimates for the third-quarter and full-year 2011 due to "lower than expected" demand in the North American commercial and residential security markets. (Sep 30, 2011) Full Article Broker Ratings Changes FBR Capital Markets Downgrades CubeSmart (CUBE) To Underperform From Outperform With $8 down from $12.50 Price Target (Sep 30, 2011) RBC Capital Markets Lowers Seadrill Ltd. (SDRL.L) To Sector Perform From Outperform With $31 down from $37 Price Target (Sep 30, 2011) RBC Capital Markets Starts SandRidge Permian Trust (PER) At Outperform With $24 Price Target (Sep 30, 2011) Stocks To Watch Drilling For Success... This independent energy company comes on our radar with consistent operating results, growing production, and expanding operating margin. (Sep 30, 2011) Full Article 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