Algorithmic Trading One Line News

GAO offers framework for Regulatory Reform
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Fragmented nature of U.S. Regulators complicated cooperation w/ European counter-parts
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Regulators failed to oversee sale of Mortgage Products that threatened consumers, stability of financial system - GAO
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ICSC - December Monthly Chain Store Sales -1.7% vs Nov -2.7%
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Regulators have struggled, often failed to mitigate systemic risks posed by Financial Conglomerates
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Significant reforms to the U.S. regulatory system are critically and urgently needed - GAO
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Tsy Auction - 9yr, 10month NOTES @ 2.419% (re-opened 10yr)
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SLB to cut 1000 U.S. based jobs with drilling activity down
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ICSC: December Chain Store Sales Down 1.7%
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WMT Off Lows, Still Down 7.7% to 51.27
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10yr Flying, Up 23 at 125-07
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XOM - Carbon tax should be revenue neutral; current proposals needlessly complicated
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House Repubs - we paid heavy price for how fin'l package was implemented
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McConnell (R) - Repubs open to any suggestions
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States will spend judiciously if money is Loan, not Grant - McConnell
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Should make States Loans, not Grants - Repub Response
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Republican response to Obama - will work w/ admin to determine and how big pkg should be
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Tsy has effectively allocated 1st $350 TARP funds; remainder of funds needed to sppt fin'l mkt stability
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Tsy confident pursuing the right strategy to stabilize fin'l system
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Tsy - developing more programs but realize no single action by Federal Govt can end financial mkt turmoil, econ downturn
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Real Time NewsOpening Comments

U.S. Opening Comments

Posted:26/11/2008 13:34 by Mary B. Slack

Asian Equity Markets were mixed with Japanese stocks under pressure from a Toyota Downgrade and Chinese Markets bid behind a 108bp rate cut. European Markets are under pressure on worse than expected German CPI, lower than expected U.K. GDP. EUR sold off against USD and JPY and the Greenback is mostly higher heading into the U.S. session. Gold is slightly lower than y/day NY close and Oil is still trading over the 52 handle despite macro indicators suggesting demand is still under pressure. There is a flurry of data today 8:30am today. Initial Jobless Claims are expected at 530k with Continuing Claims at 4.05mln. October Durable Goods ex-Transports are forecast to fall 1.4% with the headline number dropping 2.8%. October Core PCE is predicted to decline 0.1% m-o-m with Personal Spending falling 1.1%. November Chicago PMI comes out at 9:45am and November Final University of Michigan Consumer Confidence follows at 9:55am. At 10am, October New Home Sales are forecast at 445k. At 10:35am, EIA Petroleum Inventories are released. At 10:45am, President-elect Obama is expected to speak. And at noon, EIA Natural Gas storage change comes out. click here to return to the top of the page

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