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Market News

Location American Market News for 10 October 2013
Japan shares, dollar rise on hopes of US fiscal breakthrough Dollar extends gains against yen, euro; Nikkei rises to one-week high, US stock index futures up
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Squandering America's Debt Advantage

Wall Street Journal - 10 Oct 2013 23:04
Even if the debt-ceiling crisis is resolved, Washington could have tarnished one of its most valuable assets.
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Shutdown Threatens Thousands Of Seasonal Retail Jobs, $602B Holiday Season Only the collapse of Lehman Brothers in September 2008 has done more damage to consumer confidence in such a short period of time, NFR tells Washington.
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Credit Suisse Is Wrong About The Coming Global Millionaire Boom Credit Suisse isn't factoring dangerous economic bubbles into their latest global wealth boom prediction.
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Meredith Whitney Goes From Citi Prophet To Muni Cassandra To Money Manager Like many "prophets" before her Whitney has not always been unanimously favored by peers or press.
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Wealth Wizards

Forbes - 10 Oct 2013 22:23
Wealth Wizards Timeless wisdom from 20 money masters.
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BlackBerry Cofounder Lazaridis Considering Buyout Bid BlackBerry co-founders file an activist stake in the company
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JPMorgan Chase Profit Expected to Fall

Forbes - 10 Oct 2013 20:50
Despite an expected dip in profit, analysts are generally optimistic about JPMorgan Chase as it prepares to reports its third quarter earnings on Friday, October 11, 2013.
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(Kitco News) - A new no-load mutual fund offering combines the tracking of gold prices and short-term bond holdings in a cost-efficient way.
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US shutdown: Markets rally as deal edges closer

Telegraph - 10 Oct 2013 20:32
US shutdown: Markets rally as deal edges closer Stocks rallied in the US as the White House and the Republicans edged closer to a crucial breakthrough to prevent America crashing through its $16.7 trillion (£10.5 trillion) borrowing limit.     
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More Twitter IPO Madness: Shares in TW Telecom Go From $30 To $300 In Seconds, Nasdaq Blocks Trades Shares in TW Telecom went haywire after what seems to be another mistaken attempt at trading Twitter, the stock skyrocketing from $30 to $300 in seconds, according to Zerohedge.
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Talvivaara slumps as markets soar

Telegraph - 10 Oct 2013 19:51
Talvivaara slumps as markets soar The small-cap nickel producer dropped to a record low.     
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(Kitco News) - The end-of-September high and 20-day moving average are being cited as key technical levels to watch above current gold prices, while the Oct. 2 low and a couple of Fibonacci points are being cited as impo...
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Oil import volumes fall during September quarter

livemint.com - 10 Oct 2013 18:56
Oil import volumes fall during September quarter Higher diesel prices could be a reason, although the slowdown, too, might be finally biting
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Koch Making The Same Bet As Microsoft On The Wireless Boom In Emerging Markets Koch and Microsoft have both made big bets on the huge macro trend towards billions more wireless broadband subscribers on the mobile Interent.
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Long And Short Plays For A Whipsaw Stock Market On the short side, Restoration Hardware went all the way down to $58.21 before bouncing on Wednesday.
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Twitter - What's In A Name?

Forbes - 10 Oct 2013 17:40
Twitter - What's In A Name? Thoughts on Twitter going public.
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Stocks Spike As Republicans Offer Solution, Apple Still Ripe U.S. stocks are sharply higher Thursday morning as the government shutdown and debt ceiling logjam appears to have been busted.
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SEC: Brazilian Brothers Behind Heinz Insider Trading; Will Pay $5 Million To Settle Charges Seal of the U.S. Securities and Exchange Commission. (Photo credit: Wikipedia) The Securities and Exchange Commission announced that two Brazilian men will pay nearly $5 million to settle charges that they made nearly $2...
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It's Portfolio Crunch Time

Forbes - 10 Oct 2013 17:20
It's Portfolio Crunch Time The stock market's early strength on Wednesday was overcome by another wave of selling as the major averages made new correction lows before closing mixed. All of the Dow averages closed with slight gains as did the S&P ...
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Is IMF right about copper prices?

livemint.com - 10 Oct 2013 17:02
Is IMF right about copper prices? The demand outlook for copper appears grim, according to IMF
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Top Global Real Estate Markets For Affluent Chinese According to Chinese real estate listings firm, Juwai, these are the top 10 countries China's wealthy are house hunting. To the world, China is an emerging market. But to China, the world is an emerging opportunity. Here...
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