More importantly, we will get the first snapshot of Q3 economy-wide corporate profits. We are projecting a robust 18% annualized quarterly increase. If our forecast is accurate, the cumulative increase in profits since they bottomed in Q4 2008 will total roughly 35%. This is an incredibly sturdy rate that will almost certainly point to a stronger pace of hiring in the quarters ahead, because every strong profits recovery in the past has given way to a noticeable pickup in hiring.http://www.businessinsider.com/deutsche-bank-corporate-profits-q3-2010-11Read more…
The increased RRR that China introduced will probably weigh on the Shanghai stock exchange. The Nikkei will be impacted by this but the Irish bail-out might encourage positive sentiment.
Read more…
The central bank will release updated economic forecasts on Tuesday as part of the minutes from its latest policy-setting meeting, including a first stab at estimating growth, inflation and unemployment levels for 2013.
http://uk.reuters.com/article/idUSTRE6AK22P20101121Read more…
Insider-trading charges are being prepared against a vast network of consultants and traders across the US financial industry in a years-long probe.
The investigation could be the largest insider-trading probe in US history, The Wall Street Journal said on Saturday, citing people close to the issue, with federal officials examining whether multiple, organised insider-trading rings reaped illegal profits of tens of millions of dollars.
http://www.skynews.com.au/businessnews/article.aspx?id=541800&vId=Read more…
By William L. Watts, MarketWatch
LONDON (MarketWatch) — The Irish rescue isn’t about Ireland.
Any deal between the Irish government and the European Union and International Monetary Fund to resolve Ireland’s financial crisis is ultimately aimed at cutting short the turmoil in sovereign bond markets that policy makers fear could one day price Portugal or even Spain out of global credit markets.
http://www.marketwatch.com/story/after-ireland-traders-turn-to-portugal-spain-2010-11-19#Read more…
