Monday, February 28, 2011

Japanese Whitening Cream Oprah

ISM vs. Oil - The Grand Old

USA
Back the "grand old man," Uncle Warren, who announces his intention to do some 'shopping company. Although not a trader, if Buffett wants to buy, it means that companies are at an affordable price. Or so minded investors, with crude firmly above 95 is thrown on the markets, taking advantage of some upgrades here and there by the broker. The relatively low volatility returns.
DJI +0.79% +0.56% SPX, Nasdaq +0.20% VIX 18:35 (-4.53%)

Europe
A little 'because North Africa is now "old news" and the risk of a shortage of crude oil is was averted by the Saudis, a little 'because the macro data are not so horrible, a little' because companies continue to publish results with some surprise, a little 'for M & A or in this case with the IPO Siemens' Osram think the IPO, the market gets in good and excellent meeting place.
CAC +0.98%, DAX +1.21%, +1.12% SMI, DJES50 +0.94% V2X 22.71 (-1.68%)

Japan
Crude Down, down on the dollar and especially the JPY, with great joy and satisfaction of the usual exporters. Japan joins the Sigh of relief oil (not so much geopolitical) and places a great session with a better recovery combining company news (including upgrades, and rumors of big business) and a general framework is not bad.
Nikkei +1.22%

Asia
The picture is similar for other Asian markets. Increased optimism about the U.S. macro data, for M & A and the escaped threat of an energy crisis that would damage the fragile global economic recovery.
Hang Seng +0.06%, Straits Time +1.61%, Taiwan +1.49%, Shanghai +0.50%, Sensex +1.85%


FX USDCHF 0.9312 (0.9268)
USDJPY 82.21 (81.65)
EURUSD 1.3811 (1.3759)
EURCHF 1.2863 (1.2753)
EURGBP 0.8487 (0.8540)
GBPUSD 1.6273 (1.6111)
GBPCHF 1.5154 (1.4934)

USD Libor 3 months 0.31% (0.31%)
USA tbill 3 months 0.13% (0.12%)
USA tbond 5 years 2.16% (2.13%)
Greece 10 years 11.94% (11.88%)

Gold 1414.70 (1413.85)
Crude 97.44 (99.57) 690.85
SPGS Commodity (690.56)
Baltic Dry Index 1251 (1245)

Considerations
In the frenzy of the market in recent days, the announcement of Buffett, acceptable or not, still sounds timeless. Already had surprised everyone when he bought the company in the midst of the chaos colossal railway in 2008-2009. Now it is back again, as the markets rebounded and a great deal and announces the intention to buy again. Sometimes the emotions and the good name counts more than anything fundamental.

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