Oil fell in electronic trading on expectations of lower demand. Demand for gasoline is expected to decline with the peak driving season coming to a close this weekend. The peak demand for heating oil does not start for a few months. NYMEX does not have floor trading today due to the holiday.
To read a related Bloomberg article, [...]
According to a survey of gas stations, gasoline preces fell an average of 7.43 cents over the last two weeks. Gasoline stockpiles have also risen to their highest levels since March 12th. Demand for gasoline is expected to decline in the coming months as the peak driving season comes to a close.
To read a related [...]
The GM IPO is a major topic in financial circles and the valuation of the firm is at the center of discussions. The Deal Journal has a good article on the number crunching behind the valuations. The Dow Jones Investment Banker provided strong analysis of the financial position of GM.
To read the WSJ Deal Journal [...]
Stocks tumbled on economic data and fears of relating to global growth. The Dow finished 265 points lower on the day with all 30 Dow components declining. Also, the Euro fell against the Dollar as investors looked for safe havens. Slow trading at the end of summer may make for wider market swings.
To read a related [...]
Bloomberg has an article on Master limited Partnerships and how they are gaining attention from investors. MLPs are an investment topic that is rarely covered in the mainstream media. Many of the securites are related to energy and natural resources.
To read the Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-08-05/limited-partnerships-let-wealthy-play-energy-tycoons-in-quest-for-income.html
Jim Sutliff
The Wall Street Journal has an article that discusses investing strategies for sideways markets. This is an interesting article to read even if you disagree with some of the trading strategies. Sliding sideways is common for some stocks in a back and forth market.
To read the Wall Street Journal article, please click here:
http://online.wsj.com/article/SB10001424052748704657504575411881192753588.html?mod=WSJ_hpp_sections_personalfinance
Jim Sutliff
Oil moved above $81 a barrel on manufacturing data and an improved outlook for Chinese growth. Manufacturing data fell but not as much as expected and that was one factor in the brief rise in crude oil. A strong performance in global equity markets also indicated to some traders that the economy was improving which [...]
The Dollar fell as new home sales improved and the stock market advanced on Monday. The Euro almost reached $1.3000 which all but erases thedecline from the sovereign debt crises. The pound Sterling also advanced in trading on Monday.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/dollar-slips-euro-up-slightly-after-stress-tests-2010-07-26?siteid=rss&rss=1&mod=marketwatch
Jim Sutliff
Tropical storm Bonnie help to send gasoline futures higher at the end of the week. The hurricane season is just beginning with Bonnie being only the second named storm of the year. Any significant storm in the Gulf region has the potential to disrupt refinery activity and send finished products higher in trading. Crude oil [...]
To get a quick overview of the markets take a look at the Markets Brief on Forbes. It provides news and insights on domestic and global markets. The report also provides valuable information on earnings reports and views from analysts regarding economic events.
To visit the Forbes Markets Brief, please click here:
http://www.forbes.com/markets/marketsbrief/
Jim Sutliff
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