Monthly Archives: February 2011

GDP Revised –

Posted on 26. February 2011 by Jim Sutliff

Growth Domestic Product was revised lower to a rate of 2.8%.  Economists were expecting an upward revision of the original 3.2% figure to 3.3%.  Consumer spending was also revised lower from 4.4% to 4.1%.    To read a CNN Money article, please … Continue reading →

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Crude Oil Ends Lower –

Posted on 24. February 2011 by Jim Sutliff

 Crude oil reversed an upward trend in the final hours of trading on Thursday.  Crude oil had topped the $100 mark but ended up lower on the day finishing down almost $2 dollars.  News relating to a Saudi Arabian aid … Continue reading →

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Turmoil Sends Oil Soaring –

Posted on 22. February 2011 by Jim Sutliff

Reuters reports that Libya has declared a Force Majeure on some oil shipments.  A force majeure would clear companies of some contractual obligations due to events beyond their control.  Specific details relating to the force majeure declaration are unclear and … Continue reading →

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Venture Capital funding –

Posted on 21. February 2011 by Jim Sutliff

Venture capital fundraising has been uneven in the last few years.  Accel Partners and Kleiner Perkins Caufield & Byers are two VC firms that have had success raising new funds.  The success of Facebook and Groupon has worked to their advantage in the fundraising process.  … Continue reading →

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NYSE Euronext Merging With Deutsche Boerse –

Posted on 15. February 2011 by Jim Sutliff

Deutsche Boerse will purchase NYSE Euronext with an all stock offer of $9.43 billion.  Deustche Boerse will have 60% of the resulting entity.  The deal still has to clear regulatory hurdles and gain approval from the U.S. Department of Justice and the Securities … Continue reading →

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Gasoline Prices Hit New High –

Posted on 11. February 2011 by Jim Sutliff

 Gasoline prices hit an all-time high for this time of year at $3.127 per gallon.  The price is 50 cents higher than last year at this time and 6 percent higher than in 2008.  In 2008, gasoline prices went on … Continue reading →

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Oil And Gasoline Supplies Rise –

Posted on 10. February 2011 by Jim Sutliff

Oil and Gasoline supplies rose last week and that sent prices lower in trading.  Oil prices are under pressure from rising inventories and increased output from OPEC.  Supplies of oil rose 1.9 million barrels last week to 345.1 million barrels.  Gasoline … Continue reading →

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Dow Rises Again –

Posted on 8. February 2011 by Jim Sutliff

The Dow Jones hit a 2 1/2 year high after posting a gain for the 7th straight  day.  The Dow increased 71.52 to settle at 12, 233.15.  This level hasn’t been seen since June 16th, 2008.  The consumer sector helped to drive the … Continue reading →

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Private Equity Activity –

Posted on 3. February 2011 by Jim Sutliff

According to a private equity trade group, private equity activity significantly increased in 2010.  There was an increase in investments, exits, and deal volume.  The Private Equity Growth Capital Council announced that the index was above the 10 year moving average … Continue reading →

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Copper Nears $10,000 –

Posted on 1. February 2011 by Jim Sutliff

Copper continued to rise and is near $10,000 per metric ton.  In recent trading on the London Metals Exchange,  copper with a 3 month delivery date was trading at $9,860.  Demand for copper has increased as the economic outlook has … Continue reading →

Posted in Economic News, General, Infrastructure, Investments, Metals, Trading | Leave a comment