1. Daily Report – American open
n Open 14 November 2012
14 November
2012 PM3:34 PM
3:34
Newsflash EU and UK Asia Middle East and Others
N Geithner’s Money Fund Overhaul Push Sparks New European Stock Futures Fall After U.S. Selloff, Asian Stocks Rise, Led by Financial Firms N Orascom Telecom Posts Quarterly Profit on Forex
Opposition U.S. Treasury Secretary Timothy Geithner Results European (SXXP) stock futures declined, Asian stocks gained as a rebound in financial Gains Orascom Telecom Holding SAE, (ORTE) which
urged the Securities and Exchange Commission to after a late-day selloff in U.S. equity benchmarks. shares tempered declines at industrial and merged with Russia’s VimpelCom Ltd. (VIP)last year,
pursue new rules for money-market mutual funds, U.S. index futures climbed while Asian shares raw- material companies. China’s once-in-a- swung to quarterly profit on foreign exchange gains
triggering fresh opposition from industry leaders who were little changed. decade meeting to choose new leaders draws and as financing costs declined. Net income was $106
had beaten back similar proposals and are pursuing a to a close today. million in the quarter ended Sept. 30 after a loss of
weaker overhaul. Anti-austerity strikes sweep southern Europe $1.5 million a year earlier
Spanish and Portuguese workers will stage the Singapore’s Casinos Lose Luster as Gaming
US first coordinated general strike across the Iberian Revenue Decline Genting Singapore Plc Taqa Swings to Third-Quarter Loss on Production
Peninsula on Wednesday, shutting transport, (GENS) and Las Vegas Sands Corp. reported Costs Abu Dhabi National Energy Co. (TAQA), the
N U.S. Stock Futures Gain as Cisco Profit Beats grounding flights and closing schools to protest the lowest gaming revenue in at least 18 government-run utility known as Taqa, swung to a loss
Estimates U.S. stock futures rose, indicating the against spending cuts and tax hikes. months at their Singapore casinos, signaling in the third quarter as higher production costs offset
Standard & Poor’s 500 Index will climb for the third slower economic growth and tighter rules are revenue gains.
time in four days, as Cisco (CSCO) Systems Inc. N U.K. Jobless Claims Unexpectedly Rise as Labor restricting spending by gamblers. Taqa reported a net loss of 288 million dirhams ($78
reported profit that exceeded analysts’ estimates. Market Slows U.K. jobless claims rose at the million) after earning 537 million dirhams a year
Cisco, the world’s biggest maker of computer- fastest pace in more than a year and job creation earlier, it said today in a statement to the Abu Dhabi
Sony to Sell $1.9 Billion Bonds to Expand
networking equipment, led technology shares higher, slowed, suggesting the labor market is stock exchange. Sales rose 43 percent, to 8.83 billion
Sensors, Repay Debt Japan’s biggest TV maker
surging 8 percent in pre-market New York succumbing to a fragile economic outlook. dirhams
will use the money to repay short- term debts
trading. Facebook Inc. (FB) dropped 0.8 percent as Jobless-benefit claims increased 10,100 to 1.58
for acquiring shares ofOlympus Corp.
restrictions end on the sale of 804 million shares held million in October, the most since September last Oil Trades Near One-Week Low on U.S. Stockpiles,
(7733) and Gaikai Inc., a California-based
by former employees. year Demand Outlook Oil traded near the lowest price in a
company, as well as expanding capacity for
making CMOS image sensors, she said. The week in New York before a report forecast to show
Retail Sales Probably Fell as Sandy Kept U.S. N King Says BOE Keeps QE Option Open on Tokyo-based company is trying to return to U.S. stockpiles rose to the highest level since July and
Consumers Home Retail sales in the U.S. probably fell Subdued Recovery Bank of England Governor profit following four straight annual losses, after the International Energy Agency cut its demand
in October for the first time in four months as Mervyn King said the U.K. economy may shrink in the worst since Sony was listed in 1958. forecasts.
superstorm Sandy kept consumers in the Northeast the current quarter and its recovery will be
away from auto dealers and shopping centers subdued, prompting officials to keep open the Gold to Gain to $2,000 on Money Printing, Gold will
option of further asset purchases to aid growth. probably rally to a record above $2,000 an ounce next
year as central banks ramp up stimulus to sustain the
recovery, according to Raymond Key, London-based
global head of metals trading at Deutsche Bank AG.
Stocks Commodities
Toyota to Recall 2.77 Million Vehicles on Steering, Pump Flaws Toyota Motor Corp. (7203), Asia’s largest Commodity Prices Last Change % Change
automaker, said it will recall 2.77 million vehicles worldwide after detecting a flaw in the steering and water-
pump systems of some of its gasoline and hybrid vehicles. The Prius hybrid and Corolla compact sedans are BRENT CRUDE FUT 108.44 0.18 0.17
among the models subject to inspection and repair WTI CRUDE FUT 85.45 0.07 0.08
Panasonic to cut 10,000 more workers in new chief's revamp Panasonic Corp (6758.T), Japan's biggest NATURAL GAS FUT 3.77 0.03 0.80
commercial employer, will lay off 10,000 more workers in the year ending next March in a bid to trim costs GOLD 100 OZ FUT 1,723.60 -1.20 -0.07
and boost profitability at close to 100 business units, a fifth of which are losing money. SILVER FUT 32.50 0.01 0.02
N Facebook Investors Brace for Big Round of Unlocked Shares Facebook, operator of the world’s most
popular social- networking service, has lost about half its value since going public as the number of shares
rose and investors fretted about the company’s ability to boost mobile-advertising sales.
N Pepsi Backs Deal to Create $2.4 Billion European Drinks Leader PepsiCo Inc. (PEP), the world’s second-
largest soft-drink maker, is backing a merger of Britvic Plc and A.G. Barr Plc (BAG) which will create one
of Europe’s leading beverage companies with sales of 1.5 billion pounds ($2.4 billion).
US Earnings Indices
Indices Last Change % Change
Dow Jones Ind 12,756.18 -58.90 -0.46
Company Date Period Previous Estimate Actual
S&P 500 1,374.53 -5.50 -0.40
Nasdaq 2,883.89 -20.37 -0.70
Home Depot 13-Nov Q3 12 0.6 0.70 0.74
CAC 40 3,409.09 -21.51 -0.63
Abercrombie & Fitch 14-Nov Q3 12 0.57 0.59 0.87
DAX 30 7,129.26 -39.86 -0.56
Wal-Mart Stores Inc 15-Nov Q3 12 0.97 1.07
FTSE 100 5,748.77 -37.48 -0.65
Best Buy 20-Nov Q3 12 0.12
EuroStoxx 50 2,477.65 -15.49 -0.62
Viacom 22-Nov Q3 12 1.16
Nikkei 225 8,664.73 3.68 0.04
EU Earnings Currencies
Company Date Period Previous Estimate Actual Currencies Last Change % Change
VODAFONE GROUP 13-Nov Q3 12 0.14 EUR-USD 1.2743 0.0039 0. 31
PASSAT SA 13-Nov Q3 12 1.31 GBP-USD 1.5869 -0.0002 -0.01
INFINEON TECH 14-Nov Q3 12 0.50 USD-JPY 80.21 0.83 1.05
HENKEL AG -PFD 16-Nov Q3 12 USD-CHF 0.9450 -0.0024 -0.25
USD-CAD 1.0009 -0.0012 -0.12
*N: new released
AUD-USD 1.0420 -0.0015 -0. 14
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