Morning Market Briefing

Morning Market Briefing Friday, October 7, 2011, 09:01 Contents Commentary Economic News Corporate News Broker Ratings Changes Todays WS Events Commentary Stocks Likely To Benefit From Upbeat Employment Data - U.S. Commentary With traders reacting positively to upbeat employment data, stocks are likely to extend their recent upward move in early trading on Friday. The major index futures are currently pointing to a notably higher open, with the Dow futures up by 109 points. (Oct 7, 2011) Full Article Economic News Bank Of Japan Keeps Policy On Hold; Warns Of Risks From European Debt Crisis The Bank of Japan, or BoJ, on Friday retained its key interest rate near zero while sticking to the monetary easing measures announced in August. (Oct 7, 2011) Full Article U.K. Output Price Inflation Near 3-Year High Although British output price inflation accelerated in September to a near three-year high, manufacturers are likely to find it difficult to raise their prices going forward amid weak economic prospects. (Oct 7, 2011) Full Article German Industrial Output Falls In August Germany industrial production declined at a slower-than-expected pace in August, after rebounding in July, data from the Federal Ministry of Economy and Technology showed Friday. (Oct 7, 2011) Full Article U.S. Economy Adds 103,000 Jobs In September, More Than Expected Boosted in part by the end of a Verizon (VZ) strike, the U.S. economy added more jobs than expected in the month of September, according to figures released Friday by the Labor Department, although the unemployment rate remained unchanged. (Oct 7, 2011) Full Article Corporate News ConocoPhillips Says Ryan Lance, Greg Garland To Be CEOs After Restructuring ConocoPhillips (COP) Friday named Ryan Lance the chairman and chief executive officer, or CEO, of the upstream company, and Greg Garland the CEO of the downstream company, that will be created following its strategic repositioning as two independent energy companies. Current chairman and CEO Jim Mulva is expected to retire after the completion of the repositioning, which is expected in second-quarter 2012. (Oct 7, 2011) Full Article Southwest Airlines September Traffic Edges Up Southwest Airlines Co. (LUV) reported Friday a 6.4 percent growth in September traffic thanks to a 3.2 percent expansion of capacity and a 2.3 percent improvement in load factor. (Oct 7, 2011) Full Article Broker Ratings Changes RBC Capital Markets Downgrades Canadian Pacific Railway Limited (CP) To Outperform From Top Pick With $73 Price Target (Oct 7, 2011) Robert W. Baird Initiates Activision Blizzard (ATVI) At Outperform With $15 Price Target (Oct 7, 2011) Robert W. Baird Initiates Take-Two Interactive Software Inc (TTWO) At Neutral With $15 Price Target (Oct 7, 2011) Robert W. Baird Starts Electronic Arts Inc (ERTS) At Neutral With $25 Price Target (Oct 7, 2011) Robert W. Baird Starts GameStop Corp. (GME) At Outperform With $29 Price Target (Oct 7, 2011) Todays WS Events Material Sciences 2Q 12 Earnings Conference Call At 10:00 AM ET Material Sciences Corp. (MASC) will host a conference call at 10:00 AM ET on October 7, 2011, to discuss its 2Q 12 earnings results. To access the live webcast, log on at www.matsci.com A call can be accessed by dialing 877-407-0784 (US) or 201-689-8560 (International). For replay a call, dial 877-870-5176 (US) or 858-384-5517 (International) with the Identification number : 379589. (Oct 7, 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