Reuters: China may hold the key to a sanctions program against Iran.
Reuters: The head of the AIG (AIG) unit that caused most of the firm’s losses is back in US.
Reuters: The G20 has set up a long struggle over bank capital rules. Read More
Reuters: China may hold the key to a sanctions program against Iran.
Reuters: The head of the AIG (AIG) unit that caused most of the firm’s losses is back in US.
Reuters: The G20 has set up a long struggle over bank capital rules. Read More
Reuters: Richard Fuld defended his actions at Lehman.
Reuters: Manpower says the outlook for hiring is US is weak.
Reuters: Gold futures topped $1,000.
Reuters: Kraft (KFT) will probably up its bid for Cadbury. Read More
The Nikkei rose .7% to 10,393. Toyota (TM) traded higher.
The Hang Seng was up 1.5% to 20,941.
The Shanghai Composite was higher by 1.7% to 2,930.
At the open in Europe, the FTSE rose .4% to 4,951. The Dax was up .3% to 5,479. Deutsche Telekom (DT) rose. The CAC 40 was up .3% to 3,660. France Telecom (FTE) was up.
Data from MarketWatch and Reuters.
Douglas A. McIntyre
Everyone is on hold for jobs data, but there are still pre-market research calls. These are the top ten analyst calls we saw for upgrades and downgrades this Friday morning:
Crocs (CROX) Raised to Overweight at Piper Jaffray.
France Telecom (FTE) Raised to Overweight at JPMorgan.
Marsh & McLennan (MMC) Raised to Buy at UBS.
MetroPCS (PCS) Raised to Hold at Auriga.
Aqua America (WTR) Cut to Neutral at HSBC.
Leap Wireless (LEAP) Cut to Market Weight at Thomas Weisel; Cut to Hold at Soleil.
Novo Nordisk (NVO) Cut to Neutral at Goldman Sachs; Cut to Neutral at JPMorgan; Cut to Neutral at UBS.
Red Robin Gourmet (RRGB) Cut to Perform at Oppenheimer.
Telecom Italia (TI) Cut to Neutral at BofA/Merrill Lynch.
Thomson Reuters (TRI) Cut to Underperform at Jefferies.
JON C. OGG
Most markets in Asia were up slightly.
The Nikkei rose .5% to 10,165. Honda (HMC) rose on good results as did Sony (SNE).
The Hang Seng was up .9% to 20,312. Lower oil prices pushed down shares in PetroChina (PTR).
The Shanghai Composite was up 1.7% to 3,322.
At the open in Europe, the FTSE was up .9% to 4,586. The Dax rose .6% to 5,303. The CAC 40 moved up .7% to 3,390. France Telecom (FTE) and Alcatel-Lucent (ALU) both rose.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
According to Rueters, Microsoft (MSFT) has proposed a partnership with Yahoo! (YHOO), in place of a buy-out, which may push Carl Icahn to try to get a deal for Yahoo! to set up a joint venture with Google (GOOG).
Reuters writes that Facebook is stressing its independence among all of the M&A talk about large internet companies.
Reuters writes that News Corp (NWS) is launching a online financial ad network based around its Dow Jones properties.
Reuters writes that Asian funds worry that inflation could cause a sucker rally.
The Wall Street Journal writes the Daimler and BMW are considering setting up a joint venture to buy car components.
The Wall Street Journal reports that curbs on carbon emissions could help the nuclear power industry.
The Wall Street Journal reports that EA (ERTS) is likely to extend its offer for Take-Two (TTWO).
The Wall Street Journal reports that rising PEs of stocks may mean that are no longer bargains.
The Wall Street Journal reportes that some retailers are cutting back on their luxury items due to a fall off in demand.
The Wall Street Journal writes that a unit for France Telecom (FTE) has signed a deal with Apple (AAPL) to market the iPhone in Africa and some Middle East countries.
The New York Times writes that bank terms could kill the LBO of Bell Canada
The New York Times writes that search advertising may be killing the market for complex and expensive display ads.
The FT writes that money manager are working on getting rights to run a new $10 billion Saudi fund.
Bloomberg writes that stocks in the US and UK are recovering from their worst drop since 2001.
Bloomberg writes that auction rate securities cost Google (GOOG), UPS (UPS), and JP Morgan (JPM) shareholder $1.8 billion.
Bloomberg reports that, despite record investments, BP (BP) Exxon (XOM), and Shell can’t find enough oil.
Douglas A. McIntyre
Markets in Europe were up modestly.
The FTSE rose .3% to 6,069. Barclays (BCS) fell 4.1% to 458.75. RBS (RBS) fell 4% to 357.75.
The DAXX was up .3% to 6,807. Deutsche Bank (DB) was off 1.3% to 75.52. VW was up 2.2% to 190.63.
The CAC 40 moved up .3% to 4,926. France Telecom (FTE) rose 1.2% to 20.23. Societe Generale fell 1.5% to 72.78.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were up modestly at 6.25 AM New York time.
The FTSE rose .6% to 6,013. Barclays (BCS) fell 1.1% to 473.5. Lloyds fell 2.6% to 431.25.
The DAXX was up .8% to 6,733. Deutsche Bank (DB) was up 1.5% to 75.8. RWE was down 3.7% to 74.5.
The CAC 40 was up 1% to 4,909. Credit Agricole was up 1.8% to 21.06. France Telecom (FTE) was off 1.6% to 19.55.
Data from Reuters
Douglas A. McIntyre
Markets in Europe rose slightly at 6.25 AM New York time.
The FTSE was up .1% to 6,052. Barclay’s (BCS) rose 2.6% to 491.5. SABMiller was up 5.5% to 1,182.
The DAXX moved up .1% to 6,708. Deutsche Telekom (DT) was down 2% to 11.08. Man Ag was up 1.2% to 90.67.
The CAC 40 traded higher by .7% to 4,887. France Telecom (FTE) was off 3.5% to 20.13. Societe Generale was up 4.8% to 71.31.
Data from Reuters
Douglas A. McIntre
Markets in Europe were modestly higher at 6.35 AM
The FTSE rose .7% to 5,948. Barclays (BCS) was up 2.9% to 462. BA was up 2.6% to 214.
The DAXX rose .4% to 6,612. Infineon rose 5.5% to 4.82. Siemens (SI) was up 1.5% to 70.14.
The CAC 40 was up .5% to 4,804. Alcatel-Lucent (ALU) was up 2.5% to 3.73. France Telecom (FTE) was down 5.9% to 20.88.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were slightly lower at 6.35 AM
The FTSE was off .3% to 5,673. Lonmin was up 2.6% to 3104. Kingfisher was up 3.4% to 138.4.
The DAXX was down .2% to 6,515. Bayer was up 1.3% to 50.95. Siemens (SI) was up 1.6% to 68.53.
The FTSE was down .1% to 4,685. EADS was down 2.1% to 14.3. France Telecom (FTE) was up 1.4% to 21.18.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were narrowly mixed at 7.15 AM New York time.
The FTSE was up .1% to 5,706. BHP Billiton (BHP) was off 3.8% to 1529. HSBC (HBC) was up 1.9% to 773.
The DAXX was up a fraction at 6,516. SAP (SAP) was up 1.4% to 32.15. Siemens (SI) was down 1.3% to 80.48.
The CAC 40 was up a fraction at 4,621. Alcatel-Lucent (ALU) was off 1.7% to 3.55. France Telecom (FTE) was up 1.8% to 21.62.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were up at 8.15 AM New York time.
The FTSE was up 1.7% to 5,888. Barclays (BCS) was up 6.4% to 455. BHP Billiton (BHP) was up 3.1% to 1599.
The DAXX was up 1.5% to 6,935. Daimler was up 3.2% to 55.76. Siemens (SI) was up 1.8% to 89.16.
The CAC 40 rose 1% to 4,820. France Telecom (FTE) was up 1.5% to 23.68.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were off about 1% at 7 AM New York time.
The FTSE was off .8% to 5,828. BHP Billiton (NYSE: BHP) was off 2.9% to 14.76. BT (NYSE: BT) was down 6.9% to 244.75 on weak earnings.
The DAXX was trading down 1.2% to 6,769. Infineon was off 15.8% on poor earnings. Man AG was off 4.3% to 81.02.
The CAC 40 was down 1% to 4,771. Alcatel-Lucent (NYSE: ALU) was off 3.5% to 4.16. France Telecom (NYSE: FTE) was up 5% to 23.73.
Data from Reuters.
Douglas A. McIntyre
Markets in Europe were higher at 6.30 AM New York time.
The FTSE was trading up 1.5% to 5,874. BHP Billiton (BHP) was up 3.1% to 1437. Imperial Tobacco was down 2.2% to 2319.
The DAXX was up 1.3% to 6,907. Commerzbank was up 3.5% to 20.31. Siemens (SI) was up 2.9% to 85.66.
The CAC 40 was rising. 1.7% to 4,929. France Telecom (FTE) was up 2.1% to 23.54. Vivendi was up 2.4% to 27.45.
Data from Reuters
Douglas A. McIntrye
Markets in Europe have gained back most of their sell-offs at 5.40 AM Eastern time.
The FTSE is off .1% at 5,571. BHP Billiton (BHP) is up 1.9% to 1259. BP (BP) is off 1.4% to 512.
The DAXX is off 2% at 6,654. Deutsche Telekom (NYSE:DT) is off 2.7% to 14. Siemens (NYSE:SI) is off 2% to 82.52.
The CAC 40 is down .5% to 4,722. BNP Paribas is up 1.4% to 63.56. France Telecom (FTE) is down 1.6% to 23.17.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were sharply lower at 7.20 AM Eastern time
The FTSE fell 1.6% to 5,930. BHP Billiton (BHP) was off 4.8% to 1413. Diageo was up 1.7% to 1014.
The DAXX dropped 1.2% to 7,475. Commerzbank was off 3.5% to 22.37. Infineon was down 3.9% to 6.43. SAP (SAP) was up 1.5% to 33.34.
The CAC 40 traded off .9% to 5,204. Air France was down 3.7% to 19.6. France Telecom (FTE) was up 1.2% to 24.79.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were modestly higher at 6.35 AM New York time.
The FTSE rose .5% to 6,370. Barclays (BCS) fell 2.2% to 461.25. BT (BT) rose 1.9% to 289.
The DAXX was up .6% to $7,863. Bayer (BAY) was up 2.7% to 65.20. Deutsche Telekom (DT) was up 2.2% to 15.77.
The CAC 40 moved up .9% to 5,499. France Telecom (FTE) was up 2.5% to 25.83. Air France was down 3.6% to 21.34.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were mixed at 6.50 AM New York time.
The FTSE was up .7% to 6,525. BP (BP) was up 1.5% to 645. BHP Billiton (BHP) was up 2.9% to 1644.
The DAXX fell .3% to 7,885. Daimler was down 3% to 61.01. MAN was down 2.5% to 103.5.
The CAC 40 was up .1% to 5,552. France Telecom (FTE) was up 2.5% to 24.83.
Data from Reuters
Douglas A. McIntyre
Markets in Europe were lower at 6.40 AM New York time.
The FTSE was off .2% to 6,403. BP (BP) was up 2.2% to 630. Intercontinental Hotels was off 4.5% to 820.
The DAXX was off .8% to 7,885. Daimler was down 3.5% to 62.41. Siemens (SI) was off 2% to 105.17.
The CAC 40 fell .5% to 5,521. France Telecom (FTE) was off 1.3% to 24.14. ST Micro (STM) was down 2.3% to 9.42.
Douglas A. McIntyre