Join        Login             Stock Quote

Early Look: More Tightening In China

 February 18, 2011 01:55 PM

The market is doing its thing again, hanging around near the flat line. Apple (AAPL) is holding back the Nasdaq as rumors swirl about the health of Steve Jobs after no photos were released from last night's dinner with Obama.

There was another batch of stocks that gapped nicely higher after reporting earnings, including ARUN, BRCD, VMI, andSPWRA.

Asian markets were mixed overnight, with China pulling back after they hiked their reserve requirement ratio another 50 basis points. China's market has been up for four straight weeks, but the continued monetary tightening has many participants worried about cooling growth.

The dollar is lower and commodities are mostly higher. Cotton prices were limit down this morning after reaching all-time highs yesterday. But oil and gold are both higher, to $87.28 and $1385, respectively.

The 10-year yield is bouncing to 3.63%; and the VIX is down 1.8% so far to 16.30.
iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageSavings Glut and Financial Imbalances

Martin Wolf in today's Financial Times discusses the reasons for low interest rates and suggests some read on...

article imageA Dividend Aristocrat Is Now On Sale

The bear market investors have been dreading is already here for many individual stocks. While the S&P 500 read on...

article imageTwo Picks to Play Defense in a Slowing Economy

Is the economy slowing? Last Thursday the Institute for Supply Management (ISM) reported that its read on...

article imageUS Jobless Claims Fall, Moving Closer To Multi-Decade Low… Again

US jobless claims continue to cast a positive glow on the outlook for the labor market. Today’s weekly read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.