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Monthly Archives: May 2012

Social Democrats Shake Angela Merkel’s Power Base by Winning Most Populous State Elections

“Chancellor Angela Merkel’s party was defeated in Germany’s most populous state in an election that helped the Social Democrats tighten their grip on the country’s regional governments.

The SPD, the main opposition party nationally, increased its vote share in yesterday’s ballot in North Rhine-Westphalia, enabling Prime Minister Hannelore Kraft to return to power at the head of a government with the Greens in the state capital Dusseldorf. Merkel’s Christian Democratic Union suffered its worst score since World War II.”

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Banks Take Estimates Down on China Growth; Slowdown Unstoppable

China’s slowdown may deepen as policy makers unwind the excesses of a record credit boom while gradually stepping up stimulus, leaving 2012 growth at the weakest in 13 years, Pacific Investment Management Co. says.

“The economy is unlikely to bottom until the third quarter,” Ramin Toloui, Pimco’s global co-head of emerging markets portfolio management in Singapore, said in e-mailed comments yesterday. “Policy makers will progressively turn the dial toward more stimulus, but not in the aggressive manner of 2009,” restrained by the goal of tempering the credit-fueled property market, he said.”

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Inflation in India Rises More Than Expectations

“Indian inflation unexpectedly accelerated in April, crimping the central bank’s scope to bolster economic growth by extending interest-rate cuts. Stocks fell, reversing earlier gains.

The benchmark wholesale-price index rose 7.23 percent from a year earlier, after climbing 6.89 percent in March, the Ministry of Commerce and Industry said in a statement in New Delhi today. The median of 32 estimates in a Bloomberg News survey was for a 6.67 percent gain…”

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Earnings Ahead

 

Monday:

  • Groupon Inc    GRPN
  • InterOil Corp    IO
  • JA Solar Holdings Co Ltd    JASOC
  • Renren Inc    RENN

Tuesday:

  • A123 Systems Inc    AONE
  • China New Borun Corp    BORN
  • Dick’s Sporting Goods Inc    DKS
  • Home Depot Inc    HD
  • J C Penney Company Inc    JCP
  • Saks Inc    SKS
  • SINA Corp    SINA
  • Yingli Green Energy Holding Co Ltd    YGE

Wednesday:

  • 8×8 Inc    EGHT
  • Abercrombie & Fitch Co    ANF
  • Ctrip.Com International Ltd    CTRP
  • Deere & Co    DE
  • Hot Topic Inc    HOTT
  • Target Corp    TGT

Thursday:

  • Aeropostale Inc    ARO
  • Aruba Networks Inc    ARUN
  • Bon-Ton Stores Inc    BONT
  • Brocade Communications Systems Inc    BRCD
  • Children’s Place Retail Stores Inc    PLCE
  • E Commerce China Dangdang Inc    DANG
  • GameStop Corp    GME
  • Gap Inc    GPS
  • Jinkosolar Holding Co Ltd    JKS
  • Marvell Technology Group Ltd    MRVL
  • Pacific Sunwear Of California Inc    PSUN
  • Salesforce.com Inc    CRM
  • Sears Holdings Corp    SHLD
  • The Buckle Inc    BKE
  • Wal-Mart Stores Inc    WMT
  • Youku Inc    YOKU
  • Zumiez Inc    ZUMZ

Friday:

  • Foot Locker Inc    FL

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