General Motors

by BARRY O

General Motors Corporation (GM) Chief Financial Officer Ray Young said the company does not plan on making a $1 billion debt payment due June 1 and is relying on either a successful debt-for-equity exchange or court protection to dramatically lower its outstanding debt. (read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

EIA Petroleum Status Report released by the Department of Energy: U.S. Crude Oil Stockpiles rose by 3.857 Million Barrels at 370.6 Million Barrels; U.S. Gasoline Stockpiles rose by 0.802 Million Barrels at 217.307 Million Barrels; U.S. Distillate Stockpiles rose by 2.682 Million Barrels at 142.311 Million Barrels; U.S. Refineries ran at 83.4% versus 80.4% a week ago; U.S. Crude Oil Stockpiles rose by 3.9 Million Barrels in the week compared to expectations of an increase by 2.5 Million Barrels; U.S. Gasoline Stockpiles rose by 802,000 Barrels in the week compared to expectations of a drop by 300,000 Million Barrels; U.S. Distillate Stockpiles rose by 2.7 Million Barrels in the week compared to expectations of a drop by 600,000 Million Barrels; U.S. Refineries ran at 83.4% capacity compared to expectations of an increase by 0.7 points at 81.1%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price: DOW (Dow Jones Industrial Average) loss 83.15 points, EOD 7,886.41 NYSE (New York Stock Exchange) loss 48.98 points, EOD 5,290.61 National Association of Securities Dealers Automated Quotations (NASDAQ) gain 2.27 points, EOD 1,646.12 S&P 500 (SPX) loss 6.53 points, EOD 843.55 BEL 20 (BEL20) gain 19.74 points, EOD 1,903.89 CAC 40 (CAC40) gain 51.3 points, EOD 3,025.24 FTSE100 (UKX100) gain 43.2 points, EOD 4,030.66 NIKKEI 225 (NIK/O) gain 15.97 points, EOD 8,727.30

New York Stock Exchange (NYSE) stock market indicators for the trading session today: Advanced stock prices 1,387, declined stock prices 1,271, unchanged stock prices 489, stock prices hitting new highs n/a and stock prices hitting new lows 1. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: SKF: gain 3.73 points, HOD $64.38, LOD $57.61, EOD $64.03; RTP: gain 6.98 points, HOD $149.33, LOD $135.27, EOD $143.13; COF: shed 0.67 points, HOD $16.20, LOD $13.65, EOD $14.38; MS: shed 2.21 points, HOD $24.55, LOD $22.26, EOD $22.44; CME: shed 9.97 points, HOD $230.74, LOD $218.56, EOD $219; BA: gain 0.65 points, HOD $38.32, LOD $36.54, EOD $37.30.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today: Advanced stock prices 1,437, declined stock prices 1,307, unchanged stock prices 138, stock prices hitting new highs n/a and stock prices hitting new lows n/a. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: GILD: gain 2.49 points, HOD $47.73, LOD $45.97, EOD $46.22; ISRG: gain 6.44 points, HOD $139, LOD $126, EOD $135.40; BIDU: gain 3.78 points, HOD $218, LOD $202.75, EOD $208.34; PFCB: gain 5.76 points, HOD $34.11, LOD $31.54, EOD $32.76; GENZ: shed 3.59 points, HOD $53.26, LOD $51, EOD $50.91; CPTS: gain 1.43 points, HOD $14.66, LOD $13.06, EOD $13.73; FSLR: gain 6.21 points, HOD $151.44, LOD $138.50, EOD $146.35; APOL: gain 1.55 points, HOD $64.35, LOD $60.69, EOD $62.70.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today: Advanced stock prices 263, declined stock prices 227, unchanged stock prices 91, stock prices hitting new highs n/a and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting: E-mini S&P 500 (ES) June 09: EOD 836.25; Change -11.50 E-mini NASDAQ-100 (NQ) June 09: EOD 1,321.50; Change -6.50 E-mini DOW $5 (YM) June 09: EOD 7,807; Change -116 E-mini S&P MidCap 400 (MF) June 09: EOD 533.20; Change -0.40 Nikkei 225 (Yen) June 09; EOD 8,745; Change -90

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting: Euro 0.7695 to U.S. Dollars 1.2996 Japanese Yen 97.88 to U.S. Dollars 0.0102 British Pound 0.6909 to U.S. Dollars 1.4473 Canadian Dollar 1.2404 to U.S. Dollars 0.8062 Swiss Franc 1.1643 to U.S. Dollars 0.8589

COMMODITY MARKETS:

Energy Sector - Nymex: Light Crude (May 09) gain $0.30, EOD $48.85 per barrel ($US per barrel) Heating Oil (June 09) shed $0.02, EOD $1.35 a gallon ($US per gallon) Natural Gas (May 09) gain $0.01, EOD $3.65 per million BTU ($US per mmbtu.) Unleaded Gas (May 09) loss $0.02, EOD $1.39 a gallon ($US per gallon)

Metals Markets - Comex: Gold (June 09) gain $9.80, EOD $892.50 ($US per Troy ounce) Silver (May 09) gain $0.25, EOD $12.31 ($US per Troy ounce) Platinum (July 09) gain $21.10, EOD $1,178.70 ($US per Troy ounce) Copper (July 09) shed $0.02, EOD $2.06 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.): Lean Hogs (June 09) shed 0.03, EOD 72.35 Pork Bellies (May 09) gain 0.88, EOD 82.60 Live Cattle (June 09) shed 0.13, EOD 83.15 Feeder Cattle (August 09) shed 0.23, EOD 101.08

Other Commodities - Chicago Board of Trade (cents per bushel): Corn (July 09) shed 0.50, EOD 382.50 Soybeans (July 09) gain 6.00, EOD 1,039

BOND MARKET: 2 year EOD 99 28/32, change -1/32, Yield 0.94, Yield change 0.08 5 year EOD 99 15/32, change -9/32, Yield 1.86, Yield change -0.03 10 year EOD 98 22/32, change -18/32, Yield 2.90, Yield change 0.07 30 year EOD 95 22/32, change -30/32, Yield 3.74, Yield change 0.06

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading Millennium-Traders.Com http://www.millennium-traders.com

Related Articles - day trading, stocks trading, futures trading, forex trading, swing trading

Source http://www.amazines.com

How to make sure you get fair shares

by MIRIAM TAYLOR

No one should go in to business blindfolded, so if you are forming a company with someone else then you need to agree a set of ground rules.


The general way to do this is to set up a shareholders’ agreement to protect each other’s interests.


You can download a comprehensive template agreement from Net Lawman that covers all the points shareholders should consider.


The site has a shareholder agreement to suit different business needs.


All the agreements lay out the terms of business for new or existing companies needing to protect shareholders against:

  1. Lender warranties and borrowing money,
  2. Consequences of joint ventures or short-term projects
  3. Powers of working directors
  4. Consequences of share transfer agreements

Each document is a comprehensive template that allows shareholders to delete any parts not needed and is accessed from the Net Lawman site.

They are written in plain English and include helpful guidance notes explaining each stage of the agreement.


The idea of each document is to ‘level the playing field’ for each participant in the venture, so shareholders, directors and lenders have a full understanding of the any venture and the likely rewards or problems.

The shareholder agreement templates are designed for business managers and individuals as a cost-effective alternative to taking expensive legal advice before taking business decisions.


They are also a solution for lawyers who don’t have the time or resources to draft complicated documents.


Business people and lawyers can trust the documents as they are drafted by qualified professional experts and are kept up-to-the-minute with current legislation.


The Net Lawman online library has hundreds of documents covering just about any business or legal event.

Net Lawman Ltd is an English company operated by Andrew R. Taylor. Most legal work is undertaken by Andrew and Rajeev Goswami, related Resource: Loan Agreements , Distribution Agreement , Employee Contracts .

Related Articles - company share transfer form, share transfer contract, shareholder agreement templates, shareholders agreement, shareholders' agreement, shareholders

Source http://www.amazines.com

Mutual funds go global...so can you!

by CONAN CARE

Over the last few months there have been more than a handful of global fund launches and there are more in the pipeline. These funds invest in global stocks and/or mutual funds that invest in global markets. Here’s a look at what you must take into account when you invest in such funds …

The broad investment objective of global funds is to provide long-term capital appreciation by investing in securities from global markets or overseas mutual fund schemes that invest in diversified portfolios of securities, as prescribed by SEBI from time to time. With such funds investing in varied countries and economies, you now have the means to diversify your portfolio beyond the Indian equity market. More specifically, for investors who have already taken positions in local equities and are looking for diversification into other geographies, global funds could be just what they need. To an Indian investor, these funds have opened a window to international asset markets.

Types of global funds :

While the main benefit of investing in global funds is the diversification it has to offer by virtue of investing in overseas markets, sadly most of the global funds launched so far have mandated to invest at least 65 per cent of their assets in Indian equities. They choose to invest only up to 35 per cent in global equities.

This is done to ensure that the law accords them equity status from a taxation perspective. Global funds that invest a greater percentage of their assets in global share market cannot enjoy the tax benefits that equity funds are eligible for, i.e. tax free long term capital gains and a 10* per cent tax on short term gains. In the case of truly global funds (those that invest more than 35 per cent of their assets abroad), long-term gains are taxable at the rate of 10* per cent and short-term gains are taxable as per the slab rates applicable to the investor. However, remember that since diversification is the aim behind investing in global funds, and such funds are unlikely to occupy more than 10 per cent of your total portfolio, if you must diversify, do so regardless of the tax status of your investment. It is only then that your portfolio can actually reap the benefits of diversification.

Further, since most global funds are investing predominantly in emerging markets, investors express concerns about the basic purpose of diversification being defeated. Nevertheless, while India itself is an emerging market, other emerging markets are driven by different factors, opportunities and threats and therefore, behave differently from domestic markets although they all fall under the broad category of ‘emerging’ markets.

Tips to go : Lastly, choose your fund carefully. Study all the options that are available. Certain parameters that can be used to evaluate such funds are: the investment proposition offered by the fund, the fund’s investment processes, its long-term track record across market phases, especially the downturns and most importantly, compare it with other global funds of a similar nature. Most of all, keeping in mind the parameters listed above, look for the fund that would fit into your existing basket of investments. To read more about Mutual Fund click here

Related Articles - Share Market, Mutual funds,

Source http://www.amazines.com

AskBima-paradigm shift in insurance business

by SUDIPTA ROY

 www.AskBima.com is an endeavor to revolutionize the way insurance is being bought and sold in India; it is an online insurance information and application portal serving both investors and advisors. www.AskBima.com is an path breaking concept by a young IIM alumnus Mr. Vineet Patawari- B.Com(H), ACA, MBA (IIM Indore) aiming to track the incipient online insurance market and making a complete paradigm shift in the insurance field. The website was formally launched on 18th December, 2008.

The key points that make AskBima differently different from the other insurance portals are listed as under:

1. Facilitate easy comparison of insurance products & allow to apply online 2. A portal completely on the user’s side- help the user make the best decision 3. Protect against everybody who wants to just sell for ‘commission’ 4. Conscious decisions, without influence of an interested party 5. Educate and Empower in the clutter 6. Leads go only to sellers that the user chooses 7. Relevant content and calculators 8. Online Blog/forum facilities

At AskBima the process is as simple as it can be.

1. Apply online 2. Get quotes 3. Compare them 4. Select the best

So next time when you think insurance, think askbima.com and get what you ask for.

Related Articles - insurance, online insurance, life insurance, auto insurance

Source http://www.amazines.com

Chrysler

by BARRY O

News released today indicates that the U.S. government is preparing a bankruptcy filing for Chrysler, LLC that could happen as soon as next week. (read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Jobless Claims: U.S. Jobless Claims for week of April 18 rose by 27K to 640K compared to survey of an increase by 30K; U.S. Continuing Claims April 11 Week rose by 93K to 6,137,000; U.S. Jobless Claims revised for week of April 11 to 613K from 610K.

Existing Home Sales: U.S. Existing Home Sales for March fell 3.0% to 4.57M rate; U.S. Existing Home Sales Consensus for March came in at 4.69M rate; U.S. Inventory of Unsold U.S. Homes at 9.8 Months Supply; U.S. Median Existing Home Price for March fell 12.4% on the year to $175,200.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price: DOW (Dow Jones Industrial Average) gain 70.49 points, EOD 7,957.06 NYSE (New York Stock Exchange) gain 81.49 points, EOD 5,372.10 National Association of Securities Dealers Automated Quotations (NASDAQ) gain 6.09 points, EOD 1,652.21 S&P 500 (SPX) gain 8.37 points, EOD 851.92 BEL 20 (BEL20) gain 1.48 points, EOD 1,905.37 CAC 40 (CAC40) loss 16.62 points, EOD 3,008.62 FTSE100 (UKX100) loss 12.43 points, EOD 4,018.23 NIKKEI 225 (NIK/O) triple digit gain 119.71 points, EOD 8,847.01

New York Stock Exchange (NYSE) stock market indicators for the trading session today: Advanced stock prices 1,610, declined stock prices 1,069, unchanged stock prices 474, stock prices hitting new highs 4 and stock prices hitting new lows 7. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: VMW: shed 6.63 points, HOD $27.57, LOD $25.68, EOD $25.92; ESI: shed 1.10 points, HOD $110.24, LOD $97.92, EOD $100.86: POT: shed 1.37 points, HOD $81.87, LOD $77.80, EOD $79.62; SKF: shed 4.62 points, HOD $64.64, LOD $58.64, EOD $59.41; BG: shed 7.04 points, HOD $50.58, LOD $46.66, EOD $47.46; STI: shed 0.51 points, HOD $16.49, LOD $13.62, EOD $14.89; YUM: gain 2.43 points, HOD $35.20, LOD $33.55, EOD $34.52; BCR: shed 5.93 points, HOD $74.01, LOD $68.94, EOD $71.73; PNC: gain 2.87 points, HOD $41.49, LOD $37.81, EOD $40.93; CMG: shed 0.19 points, HOD $92.39, LOD $82.54, EOD $85.31; CME: gain 21.89 points, HOD $242.77, LOD $221.30, EOD $240.45; ACL: gain 7.15 points, HOD $97.88, LOD $88.18, EOD $93.43; NUE: shed 4.07 points, HOD $42.74, LOD $38.80, EOD $40.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today: Advanced stock prices 1,053, declined stock prices 1,672, unchanged stock prices 138, stock prices hitting new highs 14 and stock prices hitting new lows 7. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL: gain 3.75 points, HOD $127.20, LOD $123.51, EOD $125.52; NUVA: gain 4.63 points, HOD $35.33, LOD $32.90, EOD $34.43; RIMM: gain 0.96 points, HOD $69.50, LOD $67.00, EOD $68.16; FSLR: shed 3.87 points, HOD $147.65, LOD $140.75, EOD $142.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today: Advanced stock prices 324, declined stock prices 173, unchanged stock prices 94, stock prices hitting new highs 4 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting: E-mini S&P 500 (ES) June 09: EOD 848.25; Change 11.25 E-mini NASDAQ-100 (NQ) June 09: EOD 1,338.50; Change 15 E-mini DOW $5 (YM) June 09: EOD 7,914; Change 98 E-mini S&P MidCap 400 (MF) June 09: EOD 533.70; Change 0.50 Nikkei 225 (Yen) June 09; EOD 8,865; Change 120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting: Euro 0.7602 to U.S. Dollars 1.3154 Japanese Yen 97.87 to U.S. Dollars 0.0102 British Pound 0.6786 to U.S. Dollars 1.4736 Canadian Dollar 1.2234 to U.S. Dollars 0.8174 Swiss Franc 1.1505 to U.S. Dollars 0.8692

COMMODITY MARKETS:

Energy Sector - Nymex: Light Crude (May 09) gain $0.30, EOD $48.85 per barrel ($US per barrel) Heating Oil (June 09) shed $0.02, EOD $1.35 a gallon ($US per gallon) Natural Gas (May 09) gain $0.13, EOD $3.51 per million BTU ($US per mmbtu.) Unleaded Gas (May 09) loss $0.02, EOD $1.39 a gallon ($US per gallon)

Metals Markets - Comex: Gold (June 09) gain $14.10, EOD $906.60 ($US per Troy ounce) Silver (May 09) gain $0.45, EOD $12.76 ($US per Troy ounce) Platinum (July 09) gain $21.10, EOD $1,178.70 ($US per Troy ounce) Copper (July 09) shed $0.07, EOD $1.99 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.): Lean Hogs (June 09) shed 0.50, EOD 71.88 Pork Bellies (May 09) shed 0.35, EOD 82.25 Live Cattle (June 09) gain 0.33, EOD 83.48 Feeder Cattle (August 09) shed 0.40, EOD 100.68

Other Commodities - Chicago Board of Trade (cents per bushel): Corn (July 09) gain 7.50, EOD 390 Soybeans (July 09) shed 7.00, EOD 1,032

BOND MARKET:

2 year EOD 99 28/32, change 2/32, Yield 0.93, Yield change -0.03 5 year EOD 99 12/32, change 2/32, Yield 1.87, Yield change -0.02 10 year EOD 98 15/32, change 3/32, Yield 2.92, Yield change -0.02 30 year EOD 94 24/32, change 3/32, Yield 3.7794, Yield change -0.01

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading Millennium-Traders.Com http://www.millennium-traders.com

Related Articles - day trading, stocks trading, futures trading, forex trading, swing trading

Source http://www.amazines.com

How to Trade Foreign Currencies With Market Participants

by CEDRIC WELSCH

In the financial sector, the business of how to trade foreign currency has become one of the most promising and much sought after money-making endeavor. This is mostly because the business can give you immediate results depending on how much time you devote on it and what types of networks you have.

But getting into the foreign currency trading business requires you some thorough knowledge first before you get right down to it. You should first understand what it is and why there is a need to conduct such business. Foreign currency trading happens primarily because countries around the world have differing monetary values. If you look at it closely, you will realize that currency trading is really just as the name suggests-you swap your currency with that of another.

The world of foreign currency trading is very dynamic and involves different market participants. These participants are the people who are vital to making the entire business of foreign currency trading work. They involve all crucial aspects from both the private and public side. Each of these entities has a say in how currencies are exchanged and priced based from current market values:

1. Centralized Banks - These institutions are often tied up with the government. Some are even the main financial institutions in a particular country. Although they do not often directly buy or sell the currencies, they are still known to actively participate in the market. The main purpose of central banks is to provide a practical influence over the course of the trade. You can use these institutions to refer your current values and take advantage of low-priced currency trades as soon as they hit their values.

2. Actual Customers - These are directly the people who would most likely need the aid of new currencies. Aside from considering individuals who might need immediate currencies in exchange for what they have, you should also direct your attention to big businesses involved in the financial services industry. You can also try targeting those who are publicly listed companies which are known to be heavily involved in making stock investments.

3. Foreign Currency Trading Brokers - These are people who live and breathe the market. They are key persons because they are the go-to professionals when you want all the help you need to make fast and big currency transactions. They are more than just your average currency trader. They also make use of a combination of many other foreign currency trading methods such as scalping the market, day trading, to name a few. However, if you choose to work with them you must be prepared to let them in on the profits you make as they mostly require a certain amount of commission in every sell.

Getting along with these market participants is pretty easy to do. You just need to learn about their ways and read about them as much as you can. These market participants can also have a big impact on how your currency trading business will profit.

For the most recent forex news alerts & updates, there's no better place to visit but Freshpips.

Remember to stay tuned on who are the best brokers you can count on. Know them through Forex Broker Reviews

Related Articles - forex trading, currency trading, foreign exchange trading, fx trading

Source http://www.amazines.com

Langganan: Postingan (Atom)

Investment Strategies

Memuat...

Our Blogger Templates

  © Blogger templates Newspaper III by Ourblogtemplates.com 2008

Back to TOP