Morning Market Briefing

Morning Market Briefing Friday, October 14, 2011, 09:01 Contents Commentary Economic News Earnings News Broker Ratings Changes Todays WS Events Commentary Stocks May See Early Strength On Upbeat Retail Sales Data - U.S. Commentary After ending the previous session mixed, stocks are likely to see early strength on Friday as traders react to upbeat retail sales data. The major index futures are currently pointing to a sharply higher open, with the Dow futures up by 108 points. (Oct 14, 2011) Full Article Economic News Singapore Q3 GDP Up 1.3% On Quarter Singapore's gross domestic product jumped by a seasonally adjusted annualized 1.3 percent in the third quarter of 2011 compared to the previous three months, the Ministry of Trade and Industry said on Friday in an advance estimate. (Oct 14, 2011) Full Article S&P Downgrades Spain One Notch On Risks To Growth Outlook, Banking System Standard and Poor's downgraded Spain's long-term credit rating by one notch, citing heightened risks to Spain's growth prospects and a possible further weakening of the financial profile of the Spanish banking system. (Oct 14, 2011) Full Article Singapore Eases Monetary Policy Singapore's central bank on Friday decided to ease its monetary policy at its semi-annual meeting, given the weak growth outlook and expectations for a moderation in core inflation. (Oct 14, 2011) Full Article China Inflation Moderates Again Chinese inflation eased for a second consecutive month in September after peaking to a three-year high in July, providing room for the central bank to relax policy in the face of deteriorating global growth prospects. (Oct 14, 2011) Full Article Eurozone Inflation Surges, Trade Deficit Narrows Eurozone inflation surged to a 35-month high in September on higher energy prices adding to the dilemma of the central bank amid slowing recovery. (Oct 14, 2011) Full Article U.S. Retail Sales Jump More Than Expected In September Driven in part by a jump in auto sales, U.S. retail sales increased by more than expected in the month of September, according to figures released Friday by the Commerce Department. The report showed that retail sales came in at $395.5 billion in September, representing a 1.1 percent increase over August figures. While economists had expected an increase in sales, most had expected a more modest 0.8 percent increase. (Oct 14, 2011) Full Article U.S. Import Prices Show Modest Increase In September U.S. import prices showed a modest increase in the month of September, according to a report released by the Labor Department on Friday, with the report also showing an increase in export prices. (Oct 14, 2011) Full Article Earnings News J.B. Hunt Q3 Profit Jumps J.B. Hunt Transport Services Inc. (JBHT) Thursday posted a rise in third-quarter profit thanks to revenue growth from all its segments. The results were on par with the Street view. (Oct 14, 2011) Full Article Google Q3 Profit Rises Google Inc. (GOOG) reported Thursday a higher third-quarter profit on the back of a 39 percent jump in revenues from its websites. Both adjusted earnings and revenues exceeded market expectations. (Oct 14, 2011) Full Article Syngenta Q3 Sales Up Switzerland-based Syngenta AG (SYT) Friday announced a 21 percent rise in third-quarter sales as a result of growth in volumes and also a rise in prices. (Oct 14, 2011) Full Article Sony Ericsson Q3 Profit Falls to Breakeven Sony Ericsson Mobile Communications AB, a joint venture between Sony Corp. (SNE, SON.L) and LM Ericsson Telephone Co. (ERIC, ERIC-B.ST), Friday reported a third-quarter breakeven, declining from the prior-year profit due to lower shipments and narrower margins. (Oct 14, 2011) Full Article SAP Q3 Operating Profit Surges; Anticipates High-End of 2011 View SAP AG (SAP) announced Friday a sharp rise in third-quarter operating profit, reflecting a 28 percent growth in software revenues. The company also anticipates achieving the high end of its full-year operating profit guidance. (Oct 14, 2011) Full Article Mattel Q3 Profit Edges Up Mattel Inc. (MAT) Friday said third-quarter profit went up year-over-year on the "momentum" of its entertainment property Cars 2. Earnings were on par with analysts' estimates, but revenues topped. (Oct 14, 2011) Full Article Broker Ratings Changes RBC Capital Markets Starts Regions Financial Corp. (RF) At Sector Perform With $4 Price Target (Oct 14, 2011) Robert W. Baird Cuts HTC CORP. (HTCXF.PK) To Neutral From Outperform With NT$770 down from NT$1300 Price Target (Oct 14, 2011) Todays WS Events Mattel Q3 11 Earning Conference Call At 8:30 AM ET Mattel Inc. (MAT) will host a conference call at 8:30 AM ET on October 14, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to http://corporate.mattel.com/ For a replay call, dial + (404) 537-3406 with passcode 99034862. (Oct 14, 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