Price Hikes Expected From Small Business as Confidence Falls
Crack Spreads Up 4.6%; Above $26 and change
European Markets and U.S. Futures Fall
Nikkei and Asian Markets Fall on a Variety of Reasons
U.K. Inflation Rate Falls Unexpectedly
U.K. Retail Sales Fall Off a Cliff; The Highest Recorded Drop in 16 Years
Gold Falls in Overnight Trade
Asia’s Central Bank Would Like The Yuan to Become a Fiat Currency
German Confidence Drops More Than Expected as Inflation Rises at a Quicker Pace
Oil Rises Slightly in Overnight Trade as IEA Reiterates Global Demand Forecasts
Intel Rumored To Have a Cell Phone in the Works; To Be Sold in China
Chinese REIT and Property Market Show Little Signs of Slowing
IMF Expects Slower Growth From Australia and New Zealand Due to Natural Disaster
Rio Tinto and BHP Billiton Ltd Expected To Post Great Earnings
Aussie Dollar Drops Against the Yen on Fukushima Level 7 News
U.S. Flooded With Canadian Loonies
Crack Spreads Approaching $26
This should equate to phenomenal 2nd qt guidance.
Comments »European Stocks Open Lower
Euro indices are down between 0.6%-1%, with Germany fairing the worst.
Commodities are lower and S&P futs are 7 points below fair value. It’s worth noting they have stabilized over the past three hours.
Comments »Goldman Sachs Sued by MRVL Founder for Margin Fraud
“Goldman forced its clients to unnecessarily liquidate their holdings through forced margin calls, only to repurchase these same shareholdings for accounts owned by Goldman and its related hedge funds,” according to the complaint.
Goldman Sachs also forced a sale of Sutardja and Dai’s shares of Nvidia Corp. (NVDA), causing them to lose $166 million, they said in the complaint.
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