Morning Market Briefing

Morning Market Briefing Tuesday, October 4, 2011, 09:03 Contents Commentary Economic News Earnings News Corporate News Broker Ratings Changes Todays WS Events Commentary Stocks May See Further Downside Amid Continued Europe Worries - U.S. Commentary Stocks are likely to extend their recent downward move in early trading on Tuesday, as traders express continued concerns about the financial situation in Europe. The major index futures are currently pointing to a notably lower open, with the Dow futures down by 81 points. (Oct 4, 2011) Full Article Economic News Australia August Trade Surplus A$3.1 Bln Australia posted a seasonally adjusted merchandise trade surplus of A$3.100 billion in August, the Australian Bureau of Statistics said on Tuesday. (Oct 4, 2011) Full Article South Korea Inflation Moderates In September Inflation in South Korea moderated in September from August's three-year high as food prices declined, the latest figures from Statistics Korea showed Tuesday. (Oct 4, 2011) Full Article RBA Signals Rate Cut As Inflation Outlook Improves Australia's central bank on Tuesday indicated that it may lower the benchmark cash rate in the near-term, as an improved outlook for inflation provided scope for monetary policy to lend support to demand. (Oct 4, 2011) Full Article Eurozone Postpones Decision On EUR 8 Bln Loan Tranche To Greece Eurozone finance ministers have decided to put off the decision on the next loan installment for Greece, worth EUR 8 billion, until the troika report on the country's progress with the fiscal targets is ready. (Oct 4, 2011) Full Article Eurozone Producer Price Inflation Eases In August Reflecting a slowdown in energy prices, Eurozone factory gate inflation eased in August, but at a slower than expected pace. (Oct 4, 2011) Full Article Earnings News UBS Sees "Modest" Q3 Profit As Credit Gains Ease Loss From Unauthorized Trading UBS AG (UBS) Wednesday reported its expectation of a "modest" third-quarter profit with a credit gain compensating for the loss from unauthorized trading. (Oct 4, 2011) Full Article Deutsche Bank Says Full-Year Pre-Tax Target "No Longer Achievable" Deutsche Bank AG (DB) Wednesday said its full-year pre-tax target from its core businesses is "no longer achievable" due to the impact of the European sovereign debt crisis. The company however announced expectation of a "profitable" third-quarter and "robust" full-year 2011 earnings. (Oct 4, 2011) Full Article Jean Coutu Q2 Profit Jumps Canada-based The Jean Coutu Group Inc. (PJC-A.TO) posted Wednesday a higher second-quarter primarily reflecting a gain from disposal of its shares in Rite-Aid. (Oct 4, 2011) Full Article Corporate News Mitsubishi UFJ Says Still "Firmly Committed" To Morgan Stanley Alliance Mitsubishi UFJ Financial Group Inc.(MTU) said Tuesday it remains "firmly committed" to its long-term strategic alliance with Morgan Stanley (MS) which it said was "core" to the company's global business strategy. (Oct 4, 2011) Full Article Broker Ratings Changes RBC Capital Markets Lifts Carillion PLC (CLLN.L) To Outperform From Sector Perform With $390 up from $375 Price Target (Oct 4, 2011) Robert W. Baird Initiates Fortune Brands Home & Security, Inc. (FBHS) At Neutral With $14 Price Target (Oct 4, 2011) Todays WS Events CME Group Analyst Day At 11:00 AM ET CME Group, Inc. (CME) will hold its Analyst Day in Chicago. The event is scheduled to begin at 11:00 AM ET on October 4, 2011. To access the live webcast, log on at www.cmegroup.com (Oct 4, 2011) Noble Energy To Present At Johnson Rice Energy Conference; Webcast At 9:30 AM ET Noble Energy Inc. (NBL) will present at the Johnson Rice Energy Conference. The event is scheduled to begin at 9:30 AM ET on October 4, 2011. To access the live webcast, log on at www.nobleenergyinc.com (Oct 4, 2011) Pioneer Natural To Present At Johnson Rice Conference; Webcast At 12:15 PM ET Pioneer Natural Resources Co.(PXD) COO Tim Dove, will present at the Johnson Rice Energy Conference. The event is scheduled to begin at 12:15 PM ET on October 4, 2011. To access the live webcast, log on at www.pxd.com (Oct 4, 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