Category Archives: Economic News

Greece Debt Crisis –

Posted on 7. May 2011 by Jim Sutliff

Greece has denied reports that they may be leaving the European Union.  Greek Prime Minister George Papandreou has stated that the scenario hasn’t been discussed.  The Greek economy has been a focus of EU officials and it remains in a deep recession.  … Continue reading →

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Crude Oil Falls On Inventory Data –

Posted on 4. May 2011 by Jim Sutliff

Crude oil fell after an Energy Department report indicated that inventories rose 3.42 million barrels.  The increase puts crude oil inventories at their highest levels since last October.  A Bloomberg survey of analysts had predicted a rise in crude inventories of 2 million barrels.  … Continue reading →

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Investors Crave Corporate Bonds –

Posted on 22. April 2011 by Jim Sutliff

Low interest rates are increasing investor demand for corporate bonds.  High-yield and investment grade corporate bond issuance both showed a significant increase in the first quarter of 2011.  High-yield bond issuance jumped 36% internationally and 29% domestically.  Investment grade figures were … Continue reading →

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Oil Rallies –

Posted on 8. April 2011 by Jim Sutliff

Crude oil continued to rally and reached a 30 month high at nearly $113 dollars a barrel.  Crude rose with other commodities like gold and tin which also reached trading highs on Friday.  Investors shifted holdings to commodities as speculation grew that … Continue reading →

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Oil And Gold Rise –

Posted on 7. April 2011 by Jim Sutliff

Oil hit 2 1/2 year highs in afternoon trading and fueled concerns regarding inflation.  Crude oil is putting pressure on the $110 dollar a barrel mark and some analysts are predicting $150 oil before the end of the year.  The inflationary … Continue reading →

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Stocks Rise On Data –

Posted on 1. April 2011 by Jim Sutliff

Stocks finished the week with gains after the release of positive employment and manufacturing data.  The market had just completed the best first quarter since 1998.  The market gained in spite of oil rising to the highest level since September 2008. To read a … Continue reading →

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Crude Oil Supplies Rise –

Posted on 30. March 2011 by Jim Sutliff

Crude oil supplies rose 2.95 million barrels and gasoline inventories dropped 2.7 million barrels.  Distillate stocks rose slightly with refinery activity preparing to shift to gasoline for the summer driving season.  Crude oil fell in light trading volume as a result of the energy … Continue reading →

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Stocks Rise –

Posted on 25. March 2011 by Jim Sutliff

The Dow Jones Industrial Average rose 50 points on Friday in light trading volume.  Corporate earnings helped to fuel the market as well as government data which indicated that GDP grew faster at the end of the year.  IBM and Chevron were market movers … Continue reading →

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Crude Oil Inventories Rise –

Posted on 23. March 2011 by Jim Sutliff

Crude oil inventories rose by 2.1 million barrels to 352.8 million barrels which is the highest level since last November.  Supplies of gasoline fell 5.3 million barrels and inventories of distillates were unchanged.  In addition, refinery utilization rates and demand for … Continue reading →

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Copper Expected To Fall –

Posted on 16. March 2011 by Jim Sutliff

The Bloomberg Chart of the Day highlights the recent decline in copper prices.  Copper futures may post their biggest decline monthly decline in over a year.  The decline in copper prices may continue in the near term due to weak economic numbers, … Continue reading →

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Nasdaq Bid For NYSE –

Posted on 14. March 2011 by Jim Sutliff

Reports indicate that Nasdaq is close to making a bid for the New York Stock Exchange.  Nasdaq may require financing of $5 billion in new debt for the transaction.  The deal would make Nasdaq the leader in trading of U.S. stocks and could face antitrust … Continue reading →

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Crude Oil Inventory Report –

Posted on 9. March 2011 by Jim Sutliff

Despite a rise in inventory, crude oil is still trading in the $105 range.  The Department of Energy released their weekly inventory report that showed crude inventories rising 2.5 million barrels.  The increase was larger than analysts had expected and adds to … Continue reading →

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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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