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Hedgehogs.net's connections' blogs

Brent oil dips below $124 as dollar rises

May 3, 2011 by SteveT   Comments (0)

Brent crude oil dipped below 4 a barrel on Tuesday as the dollar rose from a three-year low and traders weighed the impact on the market of al Qaeda leader Osama bin Laden’s death.

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Daily Report: Consolidations Continue, Aussie Lower after RBA

May 3, 2011 by SteveT   Comments (0)

Markets are mixed so far this week as a near term consolidation phase continues. Dollar was mildly higher as precious metal spiked lower overnight on news of increasing margin requirement in silver futures. Also, risk appetite stalled as DOW ended yesterday marginally lower. Nevertheless, again, recovery in the greenback is

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The March Rebound

May 3, 2011 by SteveT   Comments (0)

All the major economic reports for March are in and it’s clear that the setback in February was reversed, and then some.
Our equally weighted index of 18 U.S. economic indicators rose 1.1% in March, more than reversing February’s 0.8% drop. That pushes our composite indicator of U.S. economic activity to a new post-recession high, as the chart below shows.

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Northrop Grumman reduces its share count by 5%

May 3, 2011 by SteveT   Comments (0)

NEW YORK (MarketWatch) — Northrop Grumman Corp. said Tuesday it repurchased 15.6 million shares from Goldman Sachs Co. during the previous trading session for billion, or .17 each, reducing its share count by about 5%. The remaining balance on the military contractor’s share repurchase program is about billion, the company said. Big military contractors have said that they would focus on raising shareholder value through stock buybacks, dividend hikes and asset sales or spinoffs as government spending on big weapon systems decelerates after years of rapid growth. Shares of Northrop rose nearly 1% Monday to close at .17. Shares were indicated slightly higher on Tuesday.

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Pfizer Pulls Down Stock Futures

May 3, 2011 by SteveT   Comments (0)

U.S. stock futures traded lower after some disappointment over Pfizer’s results and some weakness in overseas markets.

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