アルゼンチン、債務スワップに関する有価証券届出書を関東財務局に提出
| Reuters: "アルゼンチン政府は２５日、日本で債務不履行に陥ったソブリン債のスワップ計画の条件を関東財務局に提出"
FAPRI Says Economic Turnaround Will Fuel Crop Price Recovery
WTI oil future price is in a random walking at 80$ per a barrel at the moment.But if oil price is pressured upside momentum lead by strong demands from Asia,the price would be beyond 100$ with no wonder.So Who`s gonna survive?
Wallaces Farmer - FAPRI Says Economic Turnaround Will Fuel Crop Price Recovery: "The economic recovery will be accompanied by projected stronger energy prices. The FAPRI economists expect that the continuing recovery of crude oil prices along with bioenergy mandates will grow the demand and strengthen the world price of ethanol through 2019. Global net trade in ethanol is projected to increase by 3.12 billion gallons and reach 4.15 billion gallons by 2019."
India faces more rate hikes to tame inflation
Reserve bank of Indian is in a rush to tighten.
India faces more rate hikes to tame inflation: Analysts- Indicators-Economy-News-The Economic Times: "RBI looks set to tighten monetary policy further after raising interest rates for the first time in nearly two years as it bids to check Burst the Inflation balloon
Implications of a rising inflation rate
spiralling inflation, economists say.
In a move that surprised experts, the Reserve Bank of India (RBI) hiked short-term rates from record lows late Friday to battle near double-digit annual inflation amid fast-strengthening industrial output.
Expectations had been for a rate hike at the bank's scheduled policy review on April 20 but the RBI said in a statement that inflation had 'been a source of growing concern.'
The wholesale price index (WPI) in Asia's third-largest economy was 9.89 percent in February, well above the central bank's own estimate of 8.5 per cent by the end of the current financial year this month.
On Friday, the RBI raised the repo, the rate at which it lends to commercial banks, by 25 basis points to 5.0 per cent."
Teva to buy Ratiopharm for nearly $5 bln |
Israel drugmakers are having a strong competitiveness in that sector.
Teva`s chart
| Reuters: "Israel's Teva (TEVA.TA) (TEVA.O) won the battle for generic drugmaker Ratiopharm, paying 3.7 billion euros ($5.1 billion) to fix its weakness in Germany, the world's second-largest generics market."
Argentine economy expanded or contracted in 2009?
MERV(Argentina stock index) vs BSVP(Brazil) vs (Mexico)
Guessing time: Argentine economy expanded or contracted in 2009? — MercoPress: "Argentina's government expects the economy to grow 2.5% in 2010, according to its budget proposal. That compares to official forecasts of 6% growth in Brazil, Latin America's largest economy and 3.9% in Mexico, the region's second largest economy.
Argentina's growth and industrial output data releases were accompanied on Friday by additional financial information from the government.
The primary budget surplus narrowed to 1.21 billion pesos (310 million USD) in February from 1.60 billion pesos reported in February 2009. Tax income growth has slowed as Argentina's economy tries to pull out of the 2009 slowdown caused in part by the world financial crisis.
The government faces about 15 billion USD in debt payments this year as it seeks regulatory approval to reopen the country's 2005 debt restructuring. Argentina hopes to re-enter the international capital markets once it restructures 20 billion in paper left over from the country's 2001/2002 debt default."
Argentina industry output jumps on Brazil demand
Argentina economy looks expanding with Brazilian domestic consumptions.
| Reuters:
"* 11 pct industrial output rise blows past market view
* Car exports to Brazil help keep production healthy"
* Car exports to Brazil help keep production healthy"
Finance Bonds Pull Ahead as JPMorgan Sells Debt: Credit Markets
Some people see those attractive.
Finance Bonds Pull Ahead as JPMorgan Sells Debt: Credit Markets - BusinessWeek: "Debt sold by banks, insurers and brokers returned 0.81 percent this month through yesterday, compared with 0.4 percent for the rest of the market, according to Bank of America Merrill Lynch index data. The cost to borrow for banks is the lowest since February 2008, with yields falling to within 1.93 percentage points of Treasuries on March 18."
Finance Bonds Pull Ahead as JPMorgan Sells Debt: Credit Markets - BusinessWeek: "Debt sold by banks, insurers and brokers returned 0.81 percent this month through yesterday, compared with 0.4 percent for the rest of the market, according to Bank of America Merrill Lynch index data. The cost to borrow for banks is the lowest since February 2008, with yields falling to within 1.93 percentage points of Treasuries on March 18."
2010年の半導体支出は2けた成長の見込み
2010年の半導体支出は2けた成長の見込み--米調査:ニュース - CNET Japan: "OEM（Original Equipment Manufacturer）による2010年の半導体支出は、前年比で13％と大幅に増加し、1779億ドルになると予測されている。一方、EMS（Electronic Manufacturing Service）プロバイダによる2010年の支出は、前年比15.1％増の377億ドルになる見込み。"
Bank of Canada sees low rates, but not copying Fed | Business | Reuters
Bank of Canada sees low rates, but not copying Fed
| Business
| Reuters: "The Bank of Canada believes interest rates should stay at near-zero levels for another few months even though the economy is showing signs of quicker than expected recovery, the central bank chief said on Thursday.
At the same time, Bank of Canada Governor Mark Carney said there was no need for Canada to align its interest rate moves with those of the United States, as speculation grows that Ottawa could start removing emergency stimulus measures before Washington does."
| Business
| Reuters: "The Bank of Canada believes interest rates should stay at near-zero levels for another few months even though the economy is showing signs of quicker than expected recovery, the central bank chief said on Thursday.
At the same time, Bank of Canada Governor Mark Carney said there was no need for Canada to align its interest rate moves with those of the United States, as speculation grows that Ottawa could start removing emergency stimulus measures before Washington does."
Argentine trade surplus widens 25 pct in January
Argentine trade surplus widens 25 pct in January
| Reuters: "Argentina's trade surplus widened 25 percent in January from the same month a year ago as both exports and imports rose, signaling an economic recovery is underway in Latin America's No. 3 economy."
| Reuters: "Argentina's trade surplus widened 25 percent in January from the same month a year ago as both exports and imports rose, signaling an economic recovery is underway in Latin America's No. 3 economy."
The country's manufacturing exports have been boosted, however, by soaring car exports to neighboring Brazil, where government tax breaks have increased demand.
Sterling sinks as King talks of releasing more money
Sterling sinks as King talks of releasing more money - Times Online: "Mervyn King, the Governor of the Bank of England, warned again that it may be necessary to extend the Bank’s asset purchase programe"
Mr King told the Treasury Select Committee that the Bank was “ready to do whatever seems appropriate”.
Heineken and Carlsberg see contrasting fortunes
BBC News - Heineken and Carlsberg see contrasting fortunes: "Dutch brewing giant Heineken has forecast lower beer consumption in many regions this year as it reported a drop in sales volumes in 2009."
Instead,Carlsberg reported a 38% rise in profit to 3.6bn Danish Kroner ($660m; £425m) in 2009, driven by strong performances in Eastern Europe and Asia.
The group's beer volumes increased 6%, although currency fluctuations meant revenues fell 1%.
Commodities fall on economic concerns
Prices showed a concern that Two big economy showed shrinking sign.
Commodities fall on economic concerns - washingtonpost.com: "Prices for metals and energy futures fell Tuesday after worries about the global economy had investors seeking the safety of the dollar."
German business confidence dropped for the first time in 10 months in February raised concerns about Europe's largest economyc
US commercial real-estate sales rose sharply
I will see while this movement shows that the market hit bottom.
"The number of commercial real-estate sales rose sharply in December, triggering fresh debate about whether the sector has reached bottom. Property sales, a gauge of market health, rose 75% in December from the prior month, according to Real Capital Analytics. The end of the year traditionally sees an increase in volume. But the recent increase is significant even after adjusting for that"
- Commercial-Property Sales Jump - WSJ.com
ＵＳ stock down
This is a kind of price adjustment circle.
"Feb 23 (Reuters) - U.S. stocks suffered their biggest one-day decline in nearly three weeks on Tuesday after a sharp drop in consumer confidence heightened worries over one of the most vulnerable areas of the economy."
- US STOCKS-Wall Street drops along with consumer confidence | Reuters
consumer comfort index shrink
Data showed almost lowest number.
"Consumer Comfort Index hit the dreaded -50 mark for the first time in nearly four months this week, a mere four points from its record low in 24 years of weekly polls"
- ABC News Poll: Consumer Confidence Hits the Dreaded -50 Mark - ABC News (view on Google Sidewiki)
Soros warns about future of the Euro and Euro-zone
Ｉ ａｇｒｅｅ his view.
It seems to me that EU official were done nothing yet.
If investor turn eyes on German risk,she has a lot of Greece debts.
It seems to me that EU official were done nothing yet.
If investor turn eyes on German risk,she has a lot of Greece debts.
"”A makeshift assistance should be enough for Greece, but that leaves Spain, Italy, Portugal and Ireland. Together they constitute too large of a portion of Euro-land to be helped in this way,” Soros said"
- Financier Soros warns about future of the Euro and Euro-zone — MercoPress
IFO report
German sentiment is still struggling.
"business sentiment index slipped to 95.2 from 95.8 in January"
- Germany's Ifo business climate gauge falls in Feb. Economic Report - MarketWatch
Bolivia, Argentina near natgas exports agreement
agreement including build cross-border natural-gas pipeline.
UPDATE 1-Bolivia, Argentina near natgas exports agreement | Reuters
UPDATE 1-Bolivia, Argentina near natgas exports agreement | Reuters
景況判断
外需などの外部要因が不透明。
在庫拡大に一服感。
in reference to:
"景気は「持ち直してきている」との基調判断"
- NIKKEI NET（日経ネット）：写真ニュース－最新のニュース写真を掲載
Asian Stocks Drop on Valuation Concerns
The average price of the gauge’s companies to 1.55 times book value, the highest level since Feb. 3.
"the average price of the gauge’s companies to 1.55 times book value, the highest level since Feb. 3."
- Asian Stocks Drop on Valuation Concerns; Copper, Oil Decline - Bloomberg.com
china
because tighting monetary policies.
in reference to: China’s Stock Market Struggles - NYTimes.com
in reference to: China’s Stock Market Struggles - NYTimes.com
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