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Wednesday, June 1, 2011

Stock Tips & News

Top News

The Automatic Data Processing (ADP - Snapshot Report) employment survey was much weaker than expected in May. It shows that private sector employment rose by just 38000, far below consensus expectations for a 170000 increase.

As consumers delay, May auto sales slow
As gas prices have risen, so have car prices, and some car buyers have 'put their decision on hold,' an analyst says. GM sees US sales dip 1% in May.
Was That the End of the Energy and Materials Move?
“The river where you set your foot is gone – those waters giving way to this, now this.” - Heraclitus Markets are a funny thing. One minute it looks like the end of the world for commodities ...
Companies scramble to raise capital
By Ken Sweet, contributing writer June 1, 2011: 1:53 PM ET NEW YORK (CNNMoney) -- Shareholders in major US companies are rushing to sell their own stakes, trying to cash out ahead of what many ...


NEW YORK, June 1 (Reuters) - US stocks extended losses on Wednesday after a survey showed a sharp slowdown in US manufacturing activity in May, adding to fears the economic recovery was faltering.

Euro dollar exchange rate continues to follow the S&P 500
The Euro continues to track the S&P 500 as domestic developments – namely the Euro Zone debt crisis – spill over into overall risk appetite. Meanwhile the US Dollar's role as the go-to safe haven ...

NEW YORK (Reuters) - The pace of growth in the manufacturing sector slowed more than expected to its lowest level in more than 1-1/2 years, according to an industry report released on Wednesday.

How a Greek farce could delight the dollar
By Colin Barr June 1, 2011: 6:37 AM ET In the latest example of a world gone mad, some strategists are now making the case that buying the dollar is a can't-miss bet.

BANGALORE, June 1 (Reuters) - Indian shares rose for a second straight session on Wednesday as investors returned to buy select stocks after the recent sell-off, with hopes of progress on bailout ...

OPXBIO is a Colorado-based company using its proprietary, leading EDGE™ (Efficiency Directed Genome Engineering) technology to manufacture renewable bio-based chemicals and fuels that are lower ...


The Washington Post

Oil climbs above $102 in Europe as traders eye weaker US dollar, Middle East turmoil Oil prices climbed above $102 a barrel Tuesday as talk of more financial aid for Greece helped weaken the U.S. dollar and traders worried about turmoil in Libya and the Middle East.
( Associated Press Associated Press , AP)

Asian markets higher amid post-earthquake Japan signs of recovery, Wall Street gains BANGKOK — Asian stock markets posted muted gains Wednesday as investors weighed an easing of severe supply shortages in Japan against the prospect of more weak U.S. economic indicators.( Associated Press Associated Press , AP)
Australia's economy shrinks 1.2 percent in March quarter due to flood and cyclone disasters CANBERRA, Australia — Unprecedented flooding and storms that hit key exports such as coal and iron ore caused Australia’s economy to shrink by 1.2 percent in the first quarter of this year compared to the last quarter of 2010, government data showed Wednesday.
( Associated Press Associated Press , AP)
Former Google CEO Eric Schmidt thinks lack of response to Facebook was his biggest mistake SAN FRANCISCO — If he had a another chance, former Google CEO Eric Schmidt would have pressed the Internet search leader to focus more on mounting a challenge to Facebook while he was still running the company. ( Associated Press Associated Press , AP)

On iCloud, Baby ( by TechCrunch.com , TechCrunch.com)
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Gold well supported by fundamentals but a small correction is on the cards - Melek

This year, selling in May and going away might not be the best strategy for the gold market as there are some rather important macroeconomic events occuring over the next few months that will have a bearing on the metal

China setting the pace for iron ore

Though China continues to import a huge volume of iron ore every year, 619 million tonnes last year, the country is now zeroing in on increasing domestic ore output to guard against reliance on global mining firms.    Tuesday , 31 May 2011

U.S. debt train could drive gold higher and higher

Continued concerns about the debt crisis in Europe have given gold prices a lift but, it is important to keep an eye on what is happening both in Asia and the US    Tuesday , 31 May 2011

Medium- and long-term outlook for commodities still good - Xstrata

Xstrata CEO, Mick Davis told an Australian mining conference Wednesday that the group remains confident in the medium- and long-term outlook for commodities    Wednesday , 01 Jun 2011

As the focus shifts from the US dollar to the euro, gold continues to advance

While debt problems remain a concern in the U.S., for now the focus has shifted to the Euro zone all of which remains a good thing for gold    Tuesday , 31 May 2011

Greece, US debt and their impact on commodity markets

Investec's Michael Power takes us through the impact of the end of QE2, the continuing escalation of the euro zone's problems the rise of Indian and Chinese coal demand
India's economy grew 7.8% year-on-year in January-March, its slowest pace in five quarters, but still robustly enough for the central bank to likely continue tightening monetary policy to control inflation.
Back to Work: How to Find the Best Flexible Jobs
A mother of four returning to the workforce writes The Juggle blog with a common question: How can she find companies hiring part-time professionals with flexible work arrangements? She is picking a good time to look; employment of temporary workers is up.
The Daily Crux
Trader alert: The May correction in stocks could be over
"The S&P 500 has gained enough over the past four trading days to break the short-term downtrend..."
Top investment strategist: Forget commodities and currencies... Buy these instead
"The underlying idea is simple, as good ideas typically are..."
Casey Research: "Things could get much worse, much quicker than most think"
The best opinion piece you'll read this week...
HFN




By STAN CHOE AP Business Writer US stock futures are slightly lower ahead of updates on the health of the job market and manufacturing industry. Economic reports have often been discouraging since ...

The timing is certainly interesting: it's the first SharesPost auction of Facebook shares following the successful LinkedIn IPO. Unlike previous notifications by SharesPost, no indication was ...

Economists say the long decline in housing prices may be nearing the end, but not immediately, New York Times reported. In 20 large cities, prices fell 0.8 percent in March from the previous month, according to the Standard & Poor's 

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