Charts and News for Monday
Global Stocks Climb; UBS, BHP Billiton, Prudential, Macquarie Pace Advance European and Asian stocks rose, and U.S. stock-index futures gained, after analysts recommended buying shares of financial companies and investors speculated the worst may be over in a rout of global equity markets.
Bernanke's `Rookie Mistake' Forces Fed to Shift Focus to Market Stability Federal Reserve policy makers, who declared that inflation was their paramount challenge just two weeks ago, have been forced to make financial-market stability the trigger for changes in interest rates.
China's Key Stock Index Soars by Most in Two Years; Industrial Bank Leads China's key stock index jumped the most in more than two years. Industrial Bank Co. led gains among lenders after reporting profit doubled and disclosing plans to raise 50 billion yuan ($6.6 billion) in the nation's biggest bond sale to expand.
Australian Stocks Jump Most in a Decade After Surprise U.S. Rate Cut; BHP, Banks Gain Australia's S&P/ASX 200 Index jumped the most in almost a decade, led by banks after the U.S. Federal Reserve unexpectedly cut the rate it charges banks for loans.
Uranium Futures May Fall for Sixth Week on Declining Commodities Demand Uranium futures may fall for a sixth consecutive week after a credit crunch led to a rout in global stock markets and deterred commodity investors.
Subprime Infects $300 Billion of Money Market Funds, Raising Payment Risk Money market funds were invented 37 years ago to offer investors better returns than bank savings accounts while providing a high degree of safety. Most of the $2.5 trillion sitting in these funds is invested in such assets as U.S. Treasury bills, certificates of deposit and short-term commercial debt.
Bernanke's `Rookie Mistake' Forces Fed to Shift Focus to Market Stability Federal Reserve policy makers, who declared that inflation was their paramount challenge just two weeks ago, have been forced to make financial-market stability the trigger for changes in interest rates.
China's Key Stock Index Soars by Most in Two Years; Industrial Bank Leads China's key stock index jumped the most in more than two years. Industrial Bank Co. led gains among lenders after reporting profit doubled and disclosing plans to raise 50 billion yuan ($6.6 billion) in the nation's biggest bond sale to expand.
Australian Stocks Jump Most in a Decade After Surprise U.S. Rate Cut; BHP, Banks Gain Australia's S&P/ASX 200 Index jumped the most in almost a decade, led by banks after the U.S. Federal Reserve unexpectedly cut the rate it charges banks for loans.
Uranium Futures May Fall for Sixth Week on Declining Commodities Demand Uranium futures may fall for a sixth consecutive week after a credit crunch led to a rout in global stock markets and deterred commodity investors.
Subprime Infects $300 Billion of Money Market Funds, Raising Payment Risk Money market funds were invented 37 years ago to offer investors better returns than bank savings accounts while providing a high degree of safety. Most of the $2.5 trillion sitting in these funds is invested in such assets as U.S. Treasury bills, certificates of deposit and short-term commercial debt.
Crude Oil Falls as Hurricane Dean Is Forecast to Miss Most Gulf Platforms Crude oil fell after forecasters said Hurricane Dean would probably miss the largest oil-production regions on the U.S. coast of the Gulf of Mexico.
And with that, let's look at oil ...
Now, let’s look at the CCI, the broad commodities index. This is different from the Reuters-Jeffries CRB Index in that the CRB is heavily weighted toward oil, whereas the CCI weights commodities equally.
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 7:43 AM
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