Key global indices retreated sharply as concerns about the Greek debt crisis intensified after Greece announced a referendum on its bailout deal. In the UK, financial stocks like Barclays and Lloyds Banking Group plunged over 6% on worries about Greece defaulting. In Europe, banks Societe Generale and BNP Paribas fell over 13% due to their exposure to Greek debt. In the US, Bank of America and Goldman Sachs dropped over 5% from fears of a Greek default. Asian markets also declined on concerns that Europe will not resolve its sovereign debt issues, with Japanese exporter stocks like Honda Motor falling.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
1. From The Floor
02 November 2011
Key Global Indices
UK Market Snapshot
Last 1D % 5D % 1M% 1Y%
Cl ose Chg Chg Chg Chg UK markets retreated sharply yesterday, amid renewed concern about the
FTSE 100 5,421.6 -2.2% -1.9% 5.7% -4.8% eurozone debt crisis after Greece decided to hold a referendum on its latest
DJSTOXX 50 2,251.5 -2.9% -1.4% 4.3% -11.4% bailout deal and after data indicated that Britain’s manufacturing sector
FTSEurofirst 300 961.8 -3.4% -2.1% 4.2% -11.6% activity contracted in October. Among financial stocks, Barclays, the top loser
German DAX 30 5,834.5 -5.0% -3.5% 6.0% -11.7%
on the FTSE 100 index, plunged 9.5%, while Lloyds Banking Group and Royal
French CAC 40 3,068.3 -5.4% -3.3% 2.9% -20.1%
Bank of Scotland lost 6.0% and 8.1%, respectively, amid renewed worries
Russia RTS Index 1,485.0 -5.0% -1.0% 10.7% -7.2%
S&P 500 1,218.3 -2.8% -0.9% 7.7% 2.9%
over the Greece debt- default. Among mining stocks, Rio Tinto, Antofagasta
Dow Jones Industrials 11,658.0 -2.5% -0.4% 6.8% 4.8%
and Kazakhmys shed between 3.9% and 7.1%, after data showed that
Nasdaq Composite 2,607.0 -2.9% -1.2% 7.9% 4.1% China's manufacturing activity slowed in October. Retailer, Marks & Spencer
Brazil Bovespa 57,322.8 -1.7% 1.8% 9.6% -19.9% dropped 3.1%, after HSBC downgraded its rating on the stock to “Neutral”
Nikkei 225* 8,695.1 -1.6% 0.8% 1.6% -3.5% from “Overweight”. Tullow Oil slipped 4.1%, after its partner Anadarko
Shanghai Composite* 2,445.4 -1.0% 2.5% 4.7% -19.1% warned that several wells at its Jubilee project, off Ghana, were producing
Sensex* 17,499.4 0.1% 1.3% 6.2% -14.1% below expectations. FTSE 100 slumped 2.2% to close at 5,421.6. FTSE 250
*Time - BST 6:32:47 AM tumbled 3.0% to settle at 10,167.6.
5,570
European Market Snapshot
Other European markets ended sharply lower yesterday, amid fears of
5,508 Greece’s default, after the Greek Prime Minister George Papandreou
announced that the government would hold a referendum on the bail-out
5,445 deal it struck with the European Union last week. Banking stocks, Societe
Generale and BNP Paribas slumped 16.2% and 13.1%, respectively, amid
5,383 worries about their exposure to the Greek debt. Among other banking
stocks, Danske Bank and Credit Suisse tumbled 6.8% and 8.2%, respectively,
5,320 after both the companies announced job cuts and as their third-quarter
8:00 9:45 11:30 13:15 15:00 16:35 earnings fell short of market expectations. Carmaker, Daimler, plummeted
5.9%, after Barclays downgraded the stock to “Underweight” from “Equal
weight”. FTSEurofirst 300 index declined 3.4% to 961.8. German DAX Xetra
11,980
30 fell 5.0% to 5,834.5. French CAC-40 tumbled 5.4% to settle at 3,068.3.
11,890 US Market Snapshot
US markets slumped yesterday, as an unexpected move by Greece’s
11,800
government to hold a referendum on the recent bail-out plan, renewed
concerns that the country might default on its debt. Wireless carrier,
11,710
MetroPCS Communications, the top laggard on the S&P 500 index, declined
9.9%, as its third-quarter earnings missed market expectations. Exchange
11,620
9:30 10:45 12:00 13:15 14:30 15:45 operators, Nasdaq OMX Group, NYSE Euronext and CME Group lost
between 2.8% and 8.6%, as US lawmakers proposed a tax on financial
transactions. Bank of America retreated 6.3% and emerged as the top loser
on the DJIA index, while Goldman Sachs and JPMorgan Chase slipped 5.5%
8,850
and 5.9%, respectively, amid fears of a Greece default. AMD slumped 9.1%,
after a US federal judge denied a request to halt a patent dispute S3
8,795
Graphics has against Apple at the US International Trade Commission. DJIA
tumbled 2.5% to settle at 11,658.0. NASDAQ shed 2.9% to close at 2,607.0.
8,740
S&P 500 slumped 2.8% to end at 1,218.3.
8,685
Asian Market Snapshot
8,630 Asian markets are trading lower this morning, amid fears that the European
9:00 9:45 10:30 11:15 13:00
policymakers would fail to resolve the region’s sovereign debt crisis, after
Greek Prime Minister George Papandreou called for a referendum on the
Manoj Ladwa 0207 392 1487
new bailout package. In Japan, Nomura Holdings, traded lower after the
Index and Equity Desk 0207 392 1479
company announced job cuts, following a second-quarter loss, late Tuesday.
Institutional Equities 0207 392 1477 Exporters, Mazda Motor, Canon and Honda Motor paced declines as the yen
Commodities 0207 392 1403 appreciated against the dollar. In Hong Kong, HSBC Holdings and Bank of
Options 0207 392 1472 China lost values, as risk aversion increased among investors. Exporters,
Currencies 0207 392 1455 Esprit Holdings and Li & Fung traded lower, amid weak prospects for their
Internet Dealing Desk 0207 392 1434 global sales. In South Korea, Samsung Heavy Industries paced decline, after it
reported a 53.0% year-on-year fall in its third-quarter net profit. Nikkei 225
index is trading 1.6% lower, at 8,695.1. Hang Seng index is trading 0.9%
lower at 19,192.7, while the Kospi index is trading 0.9% lower, at 1,892.6.
ETX Capital, Beaufort House, 15 St Botolph Street, London EC3A 7DT Tel+44 (0) 207 392 1453
customerservice@etxcapital.co.uk www.etxcapital.com Refer to the last page for disclaimer
2. 2 November 2011
Commodities
93.5
1735.0 8,150 2,250
92.4 1721.3 7,813 2,208
$/ M T
$/ b b l
7,475 2,165
$ /OZ
91.3 1707.5
7,138 2,123
90.1
1693.8
6,800 2,080
89.0
0:00 6:40 13:20 20:00 3:20 1680.0 19-Oct 24-Oct 27-Oct 1-Nov
0:00 6:40 13:20 20:00 3:40 Copper - LHS Aluminium - RHS
In Asia, crude oil for December delivery is trading 0.8% or $0.71 lower at $91.48 per barrel. Yesterday, crude oil for December
delivery dropped 1.1% or $1.0 to end at $92.19 per barrel, amid worries over demand prospects, as data indicated a slowdown
in manufacturing activity in China and the US, and after Greece Prime Minister, George Papandreou, called for a referendum
on the European bailout package.
Gold for immediate delivery is trading 0.4% higher today, at $1,722.34 per ounce. Gold for December delivery declined 0.8% or
$13.40 to settle at $1,711.80 per ounce yesterday, as the dollar rose against the major currencies, decreasing the demand for
the precious metal as a hedge against inflation. However, losses were limited on weaker-than-expected US manufacturing data
and renewed concerns over a Greek default.
Currencies
1.1700 1.6120 1.3900
1.1673 1.6058 1.3825
1.1645 1.5995 1.3750
1.1618 1.5933
1.3675
1.1590 1.5870
1.3600
0:00 6:40 13:20 20:00 2:40 0:00 6:40 13:20 20:00 2:40
0:00 6:40 13:20 20:00 2:40
At 0400 BST today, the GBP is trading 0.2% higher against the USD at $1.5973, 0.2% lower against the EUR at €1.1647, and
marginally lower against the JPY at ¥124.8.
The EUR is trading 0.4% higher against the USD at $1.3715.
The EUR is trading 0.2% higher against the JPY at ¥107.15.
The EUR is trading higher against the USD and the JPY, after a Greek government official announced that the Cabinet has
decided to give Prime Minister George Papandreou unanimous backing for his plans to hold a referendum.
The AUD is trading lower against the USD, following a report that showed home-building approvals in Australia dropped 13.6%
in September compared to August.
Yesterday, the EUR and the CAD closed lower against the USD, after the Greek government decided to call a referendum on
the country’s latest bailout package, spurring fear that the sovereign debt crisis might spread to other European economies.
The AUD and NZD ended lower against the USD, amid renewed speculation of a Greek default, decreasing demand for riskier
assets
The CHF closed lower against the USD, after an industry report showed that Swiss manufacturing activity shrank more-than-
expected in October, adding to signs that the country’s economy was stalling.
The JPY closed higher against the USD, as a selloff in Asian equities increased the demand for the currency.
2 From The Floor Refer to the last page for disclaimer
3. 2 November 2011
Key Economic Releases Today
UK 9:30 Purchasing Manager Index Construction (Oct) 49.80 50.10 Monthly
Germany 8:55 Unemployment Change (Oct) -10.00 K -26.00 K Monthly
Germany 8:55 Unemployment Rate s.a. (Oct) 6.90% 6.90% Monthly
Germany 8:55 Purchasing Manager Index Manufacturing (Oct) 48.90 48.90 Monthly
France 8:50 Purchasing Manager Index Manufacturing (Oct) 49.00 49.00 Monthly
Eurozone 9:00 Purchasing Manager Index Manufacturing (Oct) 50.00 50.10 Monthly
US 11:00 MBA Mortgage Applications (W/E) - 4.90% Weekly
US 11:30 Challenger Job Cuts (YoY) (Oct) - 211.50% Monthly
US 12:15 ADP Employment Change (Oct) 100.00 K 91.00 K Monthly
US 14:30 DOE Cushing OK Crude Inventory (W/E) 419.00 K Weekly
US 14:30 DOE U.S. Crude Oil Inventories (W/E) (Barrels) 4735.0 K Weekly
US 14:30 DOE U.S. Distillate Inventory (W/E) -4275.0 K Weekly
US 14:30 DOE U.S. Gasoline Inventories (W/E) -1353.0 K Weekly
US 16:30 Federal Open Market Committee Rate Decision (Nov 2) 0.25% 0.25% -
US 18:15 Bernanke Speaks at Fed Press Conference - - -
Re a l G D P - YoY CP I - YoY 10 Ye a r Bond Yi e l d 63.0
UK 0.5% 5.2% 2.6%
US 1.6% 3.9% 2.3% 59.5
Japan -1.0% 0.0% 1.0%
56.0
France 1.6% 2.2% 3.2%
Germany 2.7% 2.5% 2.2%
52.5
Brazil 3.1% 7.3% 4.0%
Russia 3.4% 7.2% 6.0% 49.0
Oct-09
Apr-10
Jun-10
Apr-11
Jun-11
Dec-09
Aug-10
Oct-10
Aug-11
Oct-11
Feb-09
Dec-10
Feb-11
India 7.7% 10.1% 8.9%
China 9.1% 6.1% 3.7%
3 From The Floor Refer to the last page for disclaimer
4. 2 November 2011
Key Corporate Releases Today
UK
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus
E sti ma te d E P S E sti ma te d Re ve nue (Mn)
Yamana Gold Inc Q3 GBP 1.00 2,287.72
Inmarsat Plc Q3 GBP 0.78 1,388.54
Randgold Resources Ltd Q3 GBP 4.66 1,204.15
Volex Plc Interim GBP 24.29 338.96
Endeavor International Corp Q3 USD (1.13) 85.96
Note: All Estimates are for Full Year
Gem Diamonds Ltd. (DI), Henderson Group, Logica, Next, St James's Place, Standard Life, Standard Chartered Plc
Active Capital Trust, Frontier IP Group, Petro Matad Ltd., Schroder Japan Growth Fund
Abcam, Ashmore Group, El Oro Ltd, Go-Ahead Group, James Halstead, JPMorgan Overseas Inv Trust, London Finance
& Investment Group, Matchtech Group, Tawa, United Carpets Group
Arbuthnot Banking Group, Mears Group, StatPro Group
Europe
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus
E sti ma te d E P S E sti ma te d Re ve nue (Mn)
Petroplus Hldg AG Q3 CHF (1.11) 23,768.80
MAN SE Q3 EUR 7.32 16,547.80
Fresenius SE & Co KGaA Q3 EUR 4.52 16,492.40
Fresenius Medical Care AG & Co KGaA Q3 EUR 3.60 13,002.00
Meda AB Q3 SEK 5.68 12,838.50
Transocean Ltd Q3 CHF 3.05 7,635.11
Note: All Estimates are for Full Year
US
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus Re l e a se
E sti ma te d E P S E sti ma te d Re ve nue (Mn) T i me
Comcast Corp Q3 USD 1.60 56,300.00 U
Kraft Foods Inc Q3 USD 2.27 53,940.00 U
Enterprise Products Partners LP Q3 USD 2.05 44,960.00 U
Prudential Financial Inc Q3 USD 6.70 39,600.00 A
News Corp Q1 USD 1.37 34,130.00 U
No te: A ll Estimates are fo r Full Year (A = A fter the market clo ses, B = B efo re the market o pens, D = During market ho urs, U = Time unkno wn )
4 From The Floor Refer to the last page for disclaimer
5. 2 November 2011
What’s Hot & What’s Not
Reckitt Benckiser Group Barclays -9.5%
1.8%
0.8% British Sky Broadcasting Man Group -9.3%
Royal Bank of Scotland -8.1%
0.6% Diageo
0.4% G4S Intl Consolidated Airlines Group -7.2%
0.1% British American Tobacco Legal and General Group -7.2%
Next Kazakhmys -7.1%
0.0%
0.0% Imperial Tobacco Group Xstrata -6.6%
Aviva -6.6%
Intercontinental Hotels Group -6.4%
Weir Group -6.3%
0.0% 0.5% 1.0% 1.5% 2.0% -10.0% -7.5% -5.0% -2.5% 0.0%
Major Movers & Shakers
Reckitt Benckiser added 1.8%, amid renewed speculation that it could be a takeover target for Colgate-Palmolive.
G4S advanced 0.4%, after the company announced that it would not proceed with the acquisition of Denmark’s ISS.
Barclays and RBS tumbled 9.5% and 8.1%, respectively, as risk appetite decreased among investors.
Man Group slumped 9.3%, ahead of its results on Thursday.
Miners, Kazakhmys and Xstrata, plummeted 7.1% and 6.6%, respectively, tracking lower base metal prices.
Insurers, Legal & General and Aviva, tumbled 7.2% and 6.6%, respectively, in line with a fall in the broader equity markets.
5 From The Floor Refer to the last page for disclaimer
6. 2 November 2011
Disclaimer
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6 From The Floor