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<title>Automated Trader NTKN items search results for deriva tech tader</title>
<link>http://automatedtrader.net</link>
<description>
Automated Trader delivers immediate in-depth coverage of automated and algorithmic trading across all asset classes. Our global resource base utilises both online and print media to support market participants from both a business and a technological perspective. Give yourself an edge. Subscribe today.

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<language>en-uk</language>
<copyright>Copyright 2009 Algorithmic Media ltd</copyright>
<pubDate>Thu,  8 Jan 2009 17:39:58 -0600</pubDate>
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<title><![CDATA[Markets Are Below their Valuations-- TD Financial Economist ]]></title>
<link>http://automatedtrader.net/real-time-news-2390.xhtm</link>
<description><![CDATA[In spite of the extensive deterioration in markets over the past few weeks,  economists at TD Financial Group remain guardedly optimistic.  Craig Alexander, Vice President &amp; Deputy Chief Economist at TD Financial, is confident that markets will recover, though the timing of such a recovery remains to be seen.

&acirc;I think we will see a financial recovery...the problem is that we had 4 years of double digit gains on the TSX--has today&acirc;s market gone too far? -- yes it has.&acirc;

Alexander says that unlike the the tech-bubble of 2001 when many companies had generally poor fundamentals, what&acirc;s happening right now is just a reflection of the uncertainly over fears of a global recession. 

&acirc;Every financial crisis has required investors to capitulate, you&acirc;ve reached the bottom when everyone says &acirc;Ok game over&acirc;,&acirc; said Alexander.

Alexander&#039;s optimism rests in the fact that markets are well below their valuations, thus a bottom to the recent rout must not be to far behind
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<title><![CDATA[Techinical Issues Interfere with TSX Trading - Again]]></title>
<link>http://automatedtrader.net/real-time-news-2682.xhtm</link>
<description><![CDATA[Trading in 85 stocks, including mining giant Tech Cominco, was halted for 2 hours this morning for unspecified technical reason, according to the index&acirc;s owner TMX Group.  Trading resumed at 11:30 am EDT.
According to Sylvin Gauthier, a TMX Group spokesperson, it was the same technical issue that had halted trading on 35 stocks on Friday (the last day of trade before Canadian Thanksgiving), though he could not elaborate on the nature of the &#039;issue&#039;.
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<title><![CDATA[Canadian Equities Update]]></title>
<link>http://automatedtrader.net/real-time-news-2694.xhtm</link>
<description><![CDATA[After a spectacular rally in morning trading the S&amp;P/TSX has fallen 934 points, or 8.5%, to stand at 9,955 or up 890 points today, as of this report. 
Today&acirc;s rally has been largely led by Financials and Energy with Mining succumbing to market gyrations though all but Gold producers still trading in positive territory.  
In Financials RBC is up 14.1% and TD Bank is up 12.64%. Even Manulife which looked ready to sink this morning rallied on news that it will maintain its dividend and consider acquisitions &acirc; and  is currently up 14.57%.  All had surged more than 20% earlier in the day.
Energy stocks are also still positive in spite of a drop in Crude prices with Talisman up 23.15%, and Nexen up 15.06%. Among Mining stocks Barrick is off 2.07% and Yamana down 1.1%  while Tech is up 14.2%.
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<title><![CDATA[Markets Report]]></title>
<link>http://automatedtrader.net/real-time-news-2707.xhtm</link>
<description><![CDATA[US shares closed lower Tuesday after fears of a recession erased the initial upswing following the announcement of a plan to sink $250bln into US banks. The Dow fell 0.8%. The S&amp;P was off 0.5%. The Nasdaq dropped 3.5% on concerns weaker growth would hurt profits in tech companies. 

Asian shares followed the US south, but Tokyo bucked the trend after sitting out Monday for a national holiday. The Nikkei rose 1.1%. The Hang Seng dropped 2.9%. The ASX was off 0.9%.

European share markets are expected to follow the sell-off. The DAX future dropped 0.7%. THe CAC future was off 1.5%. European leaders are meeting in Brussels to discuss an EU-wide plan to repair the financial system. To date, 16 of the 27 member countries have introduced measures to support national lenders. On the macroeconomic front, German preliminary CPI for September was confirmed. UK September unemployment is scheduled for release at 0830 GMT and will be reported live on Need to Know News&#039; Scream Audio. Final EZ HICP is due at 9 GMT.

The yen muscled up as investors vacillated back to safe havens. EUR/JPY fell 0.4%. USD/JPY was off 0.4%. GBP/JPY and EUR/USD were flat. EUR/GBP dropped 0.5%. 

Bonds were stronger at the short end but faded in the middle. The Bund future was up 4 ticks at flat at 114.03. The 10yr Bund yield rose 2bps to 4.13%. The 2yr Schatz yield fell 7bps to 3.18%. The 10yr Gilt yield was flat at 4.75%. The 2yr yield fell 1bp to 3.87%. The 10yr JGB yield was flat at 1.58%. The 10yr T-note yield fell 5bps to 4.04%.

Oil was slightly lower on recessionary fears. WTI slipped 0.3% to $78.41. Brent dropped 0.2% to $76.20.]]></description>
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<title><![CDATA[In the Markets]]></title>
<link>http://automatedtrader.net/real-time-news-2708.xhtm</link>
<description><![CDATA[* US equities pulled lower by tech spending concerns; yields reversed from highs

* USD broadly firmer against most, except JPY which gained amid fresh stock weakness

* Treasury yields have consolidated gains after Tuesday&#039;s gap higher

* Asian stocks broadly lower; US Dow index futures showing about 0.5% loss

* US Treasury&#039;s Paulson does not see the rescue plan as the end to financial stress

* Final EZ September HICP seen at 3.6% y/y, final German Sep HICP seen at 3.0%

* Norges Bank expected to cut rates by 25 bp (median 50 bp) today

* European calendar also has UK September claimant count and August average earnings

* US calendar has retail sales, PPI, Empire State, inventory data and Bernanke talk

* Canada&#039;s Conservative party re-elected to minority government, makes gains

* Canada Finance Minister Flaherty said credit crisis not over; sees more volatility

* Australian Leading Index fell to a six-year low to 2.5%, below the 4% long-term trend

* Japan&#039;s current account surplus narrowed to Y989 bln from Y1532 bln

* FED&#039;s Bullard warned about risks of low rates; dove Yellen said economy in recession

* FED confirmed BoJ granted unlimited access to dollar swap lines, similar to Europe

* NYMEX crude extended losses towards $78.00 on global recession fears ]]></description>
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<title><![CDATA[Canadian Equities Update]]></title>
<link>http://automatedtrader.net/real-time-news-2772.xhtm</link>
<description><![CDATA[The S&amp;P/TSX slid 325 points to 9,627 out of the gate this morning, with losses in all subindexes.
In Financials, RBC was off 3.3%, Bank of Nova Scotia down 2.3%  and Manulife down 5.1%.  Energy stocks were also hammered, following the dip in oil prices. Suncor fell 5.7 % and EnCana was off 7.8%.
Meanwhile, Barrick fell 2.6 %, and Tech was off 8.43%, while in Industrials, Bombardier was started off 1.4% then reversed course and is currently up 0.7%.
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<title><![CDATA[Markets Report]]></title>
<link>http://automatedtrader.net/real-time-news-2882.xhtm</link>
<description><![CDATA[US equities ended sharply higher Thursday as investors looked for cheap shares and the oil price slumped. The Dow gained 4.7%. The S&amp;P was up 4.2%. The Nasdaq led markets higher with a 5.5% rise following the recent stark losses in the tech market.

Asian shares were mixed as economic concerns battled short covering for market direction. The Nikkei ended 3.8% higher. The Hang Seng was flat. The ASX fell 1.1%.

European shares were called higher after Thursday&#039;s stark declines. The DAX future was trading up 5.6%. The CAC future rose 4.8%. Little macroeconomic information is expected in Europe other than the EZ August trade balance. The German parliament is expected to approve the country&#039;s EUR 480bln banking industry bailout today. Chrysler is reportedly discussing the sale of some of its units to Renault and GM.

European currencies bounced back against the greenback and yen following the declines over the past few days. EUR/USD was up 0.2%. Cable rose 0.3%. EUR/JPY added 0.1%. GBP/JPY wsa up 0.1%. 

Bonds were mixed, with European debt moving lower ahead of expected equity gains. The Bund future fell 53 ticks to 114.01. The 10yr Bund yield rose 5bps to 4.11%. The 10yr Gilt yield was up 2bps to 4.73%. The 10yr JGB yield tracked shares lower, falling 1bp to 1.58%. The 10yr T-note yield was off 2bps to 3.95%.

Oil surged back above the $70 handle after OPEC said it will meet in emergency session next week to discuss prices. WTI added 4.2% to $72.65. Brent was up 3.7% to $70.37. ]]></description>
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<title><![CDATA[FX Update: Asian Summary]]></title>
<link>http://automatedtrader.net/real-time-news-4161.xhtm</link>
<description><![CDATA[The USD surged against most currencies in late NY on the back of renewed risk aversion after the 223 pt slump in the DJIA. This set the tone for Asian trading with the USD extending gains in early Asia, and then consolidating through the remainder of the session. EUR/USD for instance, fell to lows of 1.2600 and subsequently traded 1.2600-1.2635 through the afternoon. AUD followed a similar path, falling to lows of 0.6432 then consolidating around 0.6450-70 the remainder of the session. 

Broad-based declines in Asian stock markets kept support for the USD intact. USD/JPY dropped to 96.22 much earlier in the session and rallied back to 96.79 highs when the Nikkei pared losses midday but gains stalled USD/JPY at 96.60-70 into the afternoon. 

Asian stocks were pressured in all sectors on global slowdown fears with Australian stocks closing at a four year low. Tech stocks, financials, resource and real estate were all sectors that came under pressure. Overall, trading was said to be very quiet and subdued.]]></description>
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<title><![CDATA[In the Market]]></title>
<link>http://automatedtrader.net/real-time-news-4167.xhtm</link>
<description><![CDATA[* European calendar has UK October CPI, seen at 4.7% y/y (median 4.8), down from a 5.2% 

* US calendar has October PPI, Treasury flows, NAHB builder survey and chain store sales 

* Canadian calendar quiet, has BoC C$4 bln 28day term PRA 

* USD modestly firmer in Asia as equity declines fueled risk aversion 

* US Treasury yields little changed from late NY levels; 2yr JGB yield at 8mth low 

* Asian stocks lower amid continued global growth fears; tech and bank stocks hit 

* FED&#039;s Hoenig said US central bankers has done about as much as it can do 

* ECB&#039;s Noyer: Global policy makers have more room to act; some stabilization seen 

* NYMEX crude prices remain under $56 on demand concerns; commodities still soft 

* RBA minutes revealed members picked 75bp cut versus 50bp reduction in early November 

* US Philly Fed survey: economy fell into recession in Q4, will last 14 months 
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<title><![CDATA[September Canadian International Transactionsi in Securities Beat Estimates]]></title>
<link>http://automatedtrader.net/real-time-news-4277.xhtm</link>
<description><![CDATA[Inflows: -C$0.267bln
Outflows:-C$0.665bln

Foreign investors in Canadian Securities reduced their holding by C$0.267bln from a revised retreat of C$0.833bln (previously reported -C$0.730bln) beating the consensus estimate for a C$1.35bln retreat.
This is the third consecutive decline  and was led by foreign divestment of Canadian bonds on secondary markets.  The sell-off, the first in 2008 was partially offset by an increase in holdings of money market paper (up C$1.028bln) and Canadian Equities (up C$2.49bln) in spite of the largest monthly decline in stock prices.  The bulk of the equity investment was concentrated on banking and financial shares as investors fled energy, mining and tech stocks.
Following a similar pattern Canadian investors also divested their holding in Foreign securities by C$0.665bln following a revised increase of C$0.217bln prior (previously reported C$0.172bln).  The retreat was the result of a reduction in foreign bond holdings, down C$2.8bln, which exceeded the investment in foreign money market instruments up C$0.552mln and equitie.

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