Στο μεταξύ, θετική για τα αποτελέσματα γ΄ τριμήνου της MPB εμφανίζεται η Citigroup σε έκθεσή της με ημερομηνία 28 Νοεμβρίου, ενώ χαρακτηρίζει το business plan «bullish» και διατηρεί τη σύσταση buy με τιμή στόχο τα €12.
STOCKWATCH.COM.CY
Economy | Business | Social | Leaked | Opinions
Thursday, November 29, 2007
EUROPEAN INDEXES
XAK
FTSE/CySE 20
1711.94 ( 1.14%)
ΓΕΝΙΚΟΣ ΔΕΙΚΤΗΣ
4996.77 ( 1.13%)
Όγκος: € 23,602,247
----------
FTSE 100 INDEX 6,349.10 42.90 0.68%
CAC 40 INDEX 5,598.11 36.90 0.66%
DAX INDEX 7,765.19 41.53 0.54%
FTSE/CySE 20
1711.94 ( 1.14%)
ΓΕΝΙΚΟΣ ΔΕΙΚΤΗΣ
4996.77 ( 1.13%)
Όγκος: € 23,602,247
----------
FTSE 100 INDEX 6,349.10 42.90 0.68%
CAC 40 INDEX 5,598.11 36.90 0.66%
DAX INDEX 7,765.19 41.53 0.54%
US NEW HOME SALES (UP)
A total of 728,000 new houses were purchased at annual rate. The figure was up from a revised 716,000 pace in September that was the lowest in almost 12 years, the Commerce Department reported today in Washington.
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BLOOMBERG
The US economy grew at a 4.9 percent annual pace
The economy grew at a 4.9 percent annual pace in the third quarter, the most in four years, according to revised data from the Commerce Department.
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XAK: Δεν θα διεξαχθεί χρημ. συνάντηση στις 31/12/07
XAK: Δεν θα διεξαχθεί χρημ. συνάντηση στις 31/12
Το Χρηματιστήριο Αξιών Κύπρου (ΧΑΚ) ανακοινώνει προς ενημέρωση του επενδυτικού κοινού και των συντελεστών της Αγοράς, ότι λόγω του ότι η 31η Δεκεμβρίου 2007 έχει κηρυχθεί ως ημέρα κατά την οποία δεν θα διενεργηθούν συναλλαγές των τραπεζών με το κοινό με εξαίρεση μόνο την αποδοχή καταθέσεων σε μετρητά μεταξύ 10.00 – 13.00 βάσει σχετικού Διατάγματος του Υπουργού Οικονομικών (δυνάμει του άρθρου 69 των περί Κεντρικής Τράπεζας Νόμων) προκειμένου να γίνουν οι απαραίτητες εργασίες στις Τράπεζες για την μετάπτωση στο περιβάλλον του Ευρώ από Λίρες Κύπρου, δεν θα πραγματοποιηθεί κατά την ημερομηνία αυτή (31/12/07) χρηματιστηριακή συνάντηση και δεν θα πραγματοποιηθεί εκκαθάριση και χρηματικός διακανονισμός των χρηματιστηριακών συναλλαγών.
Σημειώνεται ότι η χρηματιστηριακή συνάντηση της επόμενης εργάσιμης ημέρας, δηλαδή της Τετάρτης 2 Ιανουαρίου, 2008 θα διεξαχθεί κανονικά όταν το τραπεζικό σύστημα θα βρίσκεται σε πλήρη λειτουργία, για να γίνει συνεπώς εφικτή η πραγματοποίηση της εκκαθάρισης και του χρηματικού διακανονισμού των χρηματιστηριακών συναλλαγών.
STOCKWATCH.COM.CY
Το Χρηματιστήριο Αξιών Κύπρου (ΧΑΚ) ανακοινώνει προς ενημέρωση του επενδυτικού κοινού και των συντελεστών της Αγοράς, ότι λόγω του ότι η 31η Δεκεμβρίου 2007 έχει κηρυχθεί ως ημέρα κατά την οποία δεν θα διενεργηθούν συναλλαγές των τραπεζών με το κοινό με εξαίρεση μόνο την αποδοχή καταθέσεων σε μετρητά μεταξύ 10.00 – 13.00 βάσει σχετικού Διατάγματος του Υπουργού Οικονομικών (δυνάμει του άρθρου 69 των περί Κεντρικής Τράπεζας Νόμων) προκειμένου να γίνουν οι απαραίτητες εργασίες στις Τράπεζες για την μετάπτωση στο περιβάλλον του Ευρώ από Λίρες Κύπρου, δεν θα πραγματοποιηθεί κατά την ημερομηνία αυτή (31/12/07) χρηματιστηριακή συνάντηση και δεν θα πραγματοποιηθεί εκκαθάριση και χρηματικός διακανονισμός των χρηματιστηριακών συναλλαγών.
Σημειώνεται ότι η χρηματιστηριακή συνάντηση της επόμενης εργάσιμης ημέρας, δηλαδή της Τετάρτης 2 Ιανουαρίου, 2008 θα διεξαχθεί κανονικά όταν το τραπεζικό σύστημα θα βρίσκεται σε πλήρη λειτουργία, για να γίνει συνεπώς εφικτή η πραγματοποίηση της εκκαθάρισης και του χρηματικού διακανονισμού των χρηματιστηριακών συναλλαγών.
STOCKWATCH.COM.CY
Holiday Sales at U.S. Retailers Climbed 6.5% to $20 Billion
Holiday Sales at U.S. Retailers Climbed 6.5% to $20 Billion
By Joseph Galante
Nov. 29 (Bloomberg) -- Holiday spending at U.S. retailers climbed 6.5 percent to $20 billion over the Thanksgiving weekend as consumers sought half-off sales and early store openings.
Sales on the Sunday following Thanksgiving climbed 4.2 percent to $3.6 billion, ShopperTrak RCT Corp. said yesterday. Black Friday, the day after Thanksgiving, recorded an 8.3 percent increase to $10.3 billion, the Chicago-based research firm said.
More people visited stores than ShopperTrak forecast, and retailers' shares rose for the third time in four trading days. The Standard & Poor's 500 Retailing Index gained 4.6 percent yesterday, the most in four years.
``Consumers, when they have income, go out and spend,'' said Charles Lieberman, chief investment officer at Advisors Capital Management LLC in Paramus, New Jersey. ``Consumers have the income.''
Retailers' doors opened as early as 4 a.m. on the day after Thanksgiving, and they offered discounts through the weekend at their stores and on Web sites.
Wal-Mart Stores Inc., Target Corp. and Best Buy Co. slashed prices to attract holiday shoppers as rising fuel and food costs and the worst housing slump since at least 1991 discouraged purchases of high-priced goods. The National Retail Federation expects spending this holiday season to increase 4 percent, the slowest pace in five years.
Wal-Mart, based in Bentonville, Arkansas, rose $1.40, or 3.1 percent, to $47.23 yesterday in New York Stock Exchange composite trading. Minneapolis-based Target increased $2.58, or 4.5 percent, to $59.58, and Best Buy added 3 percent to $50.58.
Black Friday
Shopping on Black Friday makes up about 5 percent of total holiday sales, according to ShopperTrak and MasterCard Spending Pulse.
Bargains may lower retailers' profit margins, and consumers may take a break from shopping in coming weeks as they wait for a new round of discounts as Christmas approaches.
The Federal Reserve said yesterday that retailers were ``slightly pessimistic'' about year-end holiday sales. Most Fed banks reported in a regional business survey that retailers expect sales growth ``to be modest at best in the upcoming holiday season,'' the central bank said.
``We expect to see a bit of a spending lull over the next few weeks, followed by the traditional season-ending sales boost,'' Bill Martin, co-founder of ShopperTrak, said yesterday.
Companies count on November and December for about 20 percent of their profits.
Online Sales
ComScore Inc. said sales on retailers' Web sites rose 21 percent to $733 million on Nov. 26.
The Monday after Thanksgiving has been promoted as Cyber Monday since 2005 by the National Retail Federation in Washington because of a pattern of increased online shopping after the U.S. holiday weekend.
Online visits on Nov. 26 rose 10 percent from a year earlier to 32.5 million, Nielsen Online said this week. EBay Inc., the world's biggest online auction site, said its Shopping.com comparison site had a 28 percent increase in traffic on the Monday after Thanksgiving.
Spending through Web sites, which makes up more than 3 percent of all retail sales, may climb 20 percent to $29.5 billion in November and December, ComScore estimated. That's less than the 26 percent growth in online sales that occurred during the holidays in 2006.
BLOOMBERG
By Joseph Galante
Nov. 29 (Bloomberg) -- Holiday spending at U.S. retailers climbed 6.5 percent to $20 billion over the Thanksgiving weekend as consumers sought half-off sales and early store openings.
Sales on the Sunday following Thanksgiving climbed 4.2 percent to $3.6 billion, ShopperTrak RCT Corp. said yesterday. Black Friday, the day after Thanksgiving, recorded an 8.3 percent increase to $10.3 billion, the Chicago-based research firm said.
More people visited stores than ShopperTrak forecast, and retailers' shares rose for the third time in four trading days. The Standard & Poor's 500 Retailing Index gained 4.6 percent yesterday, the most in four years.
``Consumers, when they have income, go out and spend,'' said Charles Lieberman, chief investment officer at Advisors Capital Management LLC in Paramus, New Jersey. ``Consumers have the income.''
Retailers' doors opened as early as 4 a.m. on the day after Thanksgiving, and they offered discounts through the weekend at their stores and on Web sites.
Wal-Mart Stores Inc., Target Corp. and Best Buy Co. slashed prices to attract holiday shoppers as rising fuel and food costs and the worst housing slump since at least 1991 discouraged purchases of high-priced goods. The National Retail Federation expects spending this holiday season to increase 4 percent, the slowest pace in five years.
Wal-Mart, based in Bentonville, Arkansas, rose $1.40, or 3.1 percent, to $47.23 yesterday in New York Stock Exchange composite trading. Minneapolis-based Target increased $2.58, or 4.5 percent, to $59.58, and Best Buy added 3 percent to $50.58.
Black Friday
Shopping on Black Friday makes up about 5 percent of total holiday sales, according to ShopperTrak and MasterCard Spending Pulse.
Bargains may lower retailers' profit margins, and consumers may take a break from shopping in coming weeks as they wait for a new round of discounts as Christmas approaches.
The Federal Reserve said yesterday that retailers were ``slightly pessimistic'' about year-end holiday sales. Most Fed banks reported in a regional business survey that retailers expect sales growth ``to be modest at best in the upcoming holiday season,'' the central bank said.
``We expect to see a bit of a spending lull over the next few weeks, followed by the traditional season-ending sales boost,'' Bill Martin, co-founder of ShopperTrak, said yesterday.
Companies count on November and December for about 20 percent of their profits.
Online Sales
ComScore Inc. said sales on retailers' Web sites rose 21 percent to $733 million on Nov. 26.
The Monday after Thanksgiving has been promoted as Cyber Monday since 2005 by the National Retail Federation in Washington because of a pattern of increased online shopping after the U.S. holiday weekend.
Online visits on Nov. 26 rose 10 percent from a year earlier to 32.5 million, Nielsen Online said this week. EBay Inc., the world's biggest online auction site, said its Shopping.com comparison site had a 28 percent increase in traffic on the Monday after Thanksgiving.
Spending through Web sites, which makes up more than 3 percent of all retail sales, may climb 20 percent to $29.5 billion in November and December, ComScore estimated. That's less than the 26 percent growth in online sales that occurred during the holidays in 2006.
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Oil Has Biggest 2-Day Drop Since January
Oil Has Biggest 2-Day Drop Since January on U.S. Supply Report
By Mark Shenk
Nov. 28 (Bloomberg) -- Crude oil fell, reaching its biggest two-day drop since January, as a U.S. government report showed that supplies declined less than expected.
Stockpiles fell 452,000 barrels to 313.2 million last week, according to the Energy Department. Supplies at Cushing, Oklahoma, where New York-traded West Texas Intermediate oil is stored, rose 665,000 barrels to 15.2 million. Refineries operated at 89.4 percent of capacity, the highest since the week ended Sept. 14, the report showed.
``Crude-oil stocks didn't fall as much as expected and there was actually a big build in Cushing,'' said Tom Bentz, a broker at BNP Paribas in New York. ``Crude stocks should have fallen much further because refinery runs were up sharply. The refinery number points to increased product output in the weeks ahead.''
Crude oil for January delivery fell $3.80, or 4 percent, to settle at $90.62 a barrel at 2:45 p.m. on the New York Mercantile Exchange. It was the lowest close since Oct. 30. Futures reached $99.29 on Nov. 21, the highest intraday price since trading began in 1983. Prices are up 49 percent from a year ago.
Oil fell 7.2 percent in the past two days, the most since Jan. 3-4 when prices plunged 8.9 percent on mild weather in the northern U.S.
Brent crude oil for January settlement declined $2.71, or 2.9 percent, to close at $89.81 a barrel on the London-based ICE Futures Europe exchange. Brent reached $96.65 a barrel on Nov. 26, the highest since trading began in 1988.
``We started moving lower a few days ago when a lot of people were surprised we didn't break through $100,'' Bentz said. ``We are now heading for the $90 area.''
Stockpiles of crude oil in the week ended Nov. 23 were 3 percent above the five-year average for the period, the Energy Department said.
Refinery Maintenance
Refiners usually start units in November that were shut during September and October to make repairs after the summer driving season and before heating demand picks up.
``The market movement reflects how bearish this report was,'' said Eric Wittenauer, an analyst at A.G. Edwards & Sons Inc. in St. Louis. ``The crude drop was less than expected, gasoline stocks rose more than expected and there was a weak draw in distillate supplies.''
Total implied fuel demand averaged 20.9 million barrels a day last week, down 2.3 percent from the prior week, according to the Energy Department. Consumption of distillate fuel, which includes heating oil and diesel, fell 5.9 percent to an average 4.33 million barrels a day. The department measures shipments from refineries, pipelines and terminals to calculate demand.
January Options
Bets that January crude oil will fall below $80 a barrel were the most actively traded options contracts on the Nymex today. The put contracts, which represent the right to sell oil at that price, rose 7 cents to 18 cents, or $180 per contract, according to data compiled by Bloomberg as of 2:40 p.m. New York time. One options contract is for 1,000 barrels of oil.
The Organization of Petroleum Exporting Countries has no plan to raise oil output when it meets next week in Abu Dhabi because the market is well supplied, Qatar's oil minister said today. Libya's top oil official said the group is unable to increase production any further.
``I have not been informed of any plan,'' Qatar's Abdullah bin Hamad al-Attiyah said in a telephone interview today. ``It seems to be that the market has reacted to physical supply as it has already dropped at the beginning of winter time.''
Al-Attiyah said OPEC would make its decision based on the supply and demand outlook and economic forecasts. ``Next week we will look at expectations of a slowdown for the first quarter demand. At the moment, we don't see any panic on the supply side.''
Past Agreement
OPEC agreed at a Sept. 11 meeting in Vienna that the 10 members of the group with production targets, all except Angola and Iraq, would increase output by 500,000 barrels a day to 27.253 million barrels starting Nov. 1. Members were concerned that high energy prices might slow economic growth.
``There is no relationship between the fundamentals today and the price,'' Saudi Arabian Oil Minister Ali al-Naimi said at a conference in Singapore today. ``There is a mismatch and anyone that tells you otherwise is wrong.''
BLOOMBERG
By Mark Shenk
Nov. 28 (Bloomberg) -- Crude oil fell, reaching its biggest two-day drop since January, as a U.S. government report showed that supplies declined less than expected.
Stockpiles fell 452,000 barrels to 313.2 million last week, according to the Energy Department. Supplies at Cushing, Oklahoma, where New York-traded West Texas Intermediate oil is stored, rose 665,000 barrels to 15.2 million. Refineries operated at 89.4 percent of capacity, the highest since the week ended Sept. 14, the report showed.
``Crude-oil stocks didn't fall as much as expected and there was actually a big build in Cushing,'' said Tom Bentz, a broker at BNP Paribas in New York. ``Crude stocks should have fallen much further because refinery runs were up sharply. The refinery number points to increased product output in the weeks ahead.''
Crude oil for January delivery fell $3.80, or 4 percent, to settle at $90.62 a barrel at 2:45 p.m. on the New York Mercantile Exchange. It was the lowest close since Oct. 30. Futures reached $99.29 on Nov. 21, the highest intraday price since trading began in 1983. Prices are up 49 percent from a year ago.
Oil fell 7.2 percent in the past two days, the most since Jan. 3-4 when prices plunged 8.9 percent on mild weather in the northern U.S.
Brent crude oil for January settlement declined $2.71, or 2.9 percent, to close at $89.81 a barrel on the London-based ICE Futures Europe exchange. Brent reached $96.65 a barrel on Nov. 26, the highest since trading began in 1988.
``We started moving lower a few days ago when a lot of people were surprised we didn't break through $100,'' Bentz said. ``We are now heading for the $90 area.''
Stockpiles of crude oil in the week ended Nov. 23 were 3 percent above the five-year average for the period, the Energy Department said.
Refinery Maintenance
Refiners usually start units in November that were shut during September and October to make repairs after the summer driving season and before heating demand picks up.
``The market movement reflects how bearish this report was,'' said Eric Wittenauer, an analyst at A.G. Edwards & Sons Inc. in St. Louis. ``The crude drop was less than expected, gasoline stocks rose more than expected and there was a weak draw in distillate supplies.''
Total implied fuel demand averaged 20.9 million barrels a day last week, down 2.3 percent from the prior week, according to the Energy Department. Consumption of distillate fuel, which includes heating oil and diesel, fell 5.9 percent to an average 4.33 million barrels a day. The department measures shipments from refineries, pipelines and terminals to calculate demand.
January Options
Bets that January crude oil will fall below $80 a barrel were the most actively traded options contracts on the Nymex today. The put contracts, which represent the right to sell oil at that price, rose 7 cents to 18 cents, or $180 per contract, according to data compiled by Bloomberg as of 2:40 p.m. New York time. One options contract is for 1,000 barrels of oil.
The Organization of Petroleum Exporting Countries has no plan to raise oil output when it meets next week in Abu Dhabi because the market is well supplied, Qatar's oil minister said today. Libya's top oil official said the group is unable to increase production any further.
``I have not been informed of any plan,'' Qatar's Abdullah bin Hamad al-Attiyah said in a telephone interview today. ``It seems to be that the market has reacted to physical supply as it has already dropped at the beginning of winter time.''
Al-Attiyah said OPEC would make its decision based on the supply and demand outlook and economic forecasts. ``Next week we will look at expectations of a slowdown for the first quarter demand. At the moment, we don't see any panic on the supply side.''
Past Agreement
OPEC agreed at a Sept. 11 meeting in Vienna that the 10 members of the group with production targets, all except Angola and Iraq, would increase output by 500,000 barrels a day to 27.253 million barrels starting Nov. 1. Members were concerned that high energy prices might slow economic growth.
``There is no relationship between the fundamentals today and the price,'' Saudi Arabian Oil Minister Ali al-Naimi said at a conference in Singapore today. ``There is a mismatch and anyone that tells you otherwise is wrong.''
BLOOMBERG
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