Money comes in for Rodgers - SkySports Money comes in for Rodgers - SkySports

Tuesday, May 29, 2012

Money comes in for Rodgers - SkySports

Money comes in for Rodgers - SkySports

Wigan's Roberto Martinez was being strongly tipped to take over at Liverpool after talks with the club's American owners Fenway Sports Group in Miami last week.

But there was still no word from Martinez as he arrived back in Manchester today following a family holiday in Barbados and Wigan chairman Dave Whelan has issued a deadline of Thursday for an agreement to be reached.

The story took a new twist today with Swansea boss Rodgers, who originally turned down the chance to speak to FSG, appearing firmly back in frame with online bookies Sky Bet. He is now 1/2 to be appointed Reds' manager with Martinez out to 2/1.

It now appears to be definitely a two-horse race with Borussia Dortmund manager Jurgen Klopp out to 12/1 after being as short as 2/1 early on Monday.

Football trader Joe Petyt explained: "When Martinez was photographed with FSG's John Henry in America he became the strong favourite but even during that time we saw sustained money for Rodgers.

"In the last 24 hours the amount of money we've seen on Rodgers has increased substantially which indicates to us that some people have heard that he's going to take the job."

Emerging Stocks Jump Most in Two Months as China Boosts Demand - Bloomberg

Emerging-market stocks rose the most in two months as speculation China may take more steps to boost economic growth increased demand for riskier assets.

The MSCI Emerging Markets Index (MXEF) added 1.5 percent to 923.31 as of 10:43 a.m. in New York, the biggest intraday gain since March 13. The gauge rose for a fourth day, bound for the longest winning streak this month, as Skyworth Digital Holdings Ltd. (751) surged 11 percent in Hong Kong. Russia’s Micex Index rose the most since February with OAO Lukoil gaining 3.3 percent. Brazil’s benchmark Bovespa gained for a third day.

China’s finance ministry said the promotion of energy efficient flat-panel televisions and energy-saving air conditioning is projected to stimulate consumption of more than 135 billion yuan ($21.3 billion), according to a statement from the ministry yesterday. Consumer confidence in the world’s biggest economy unexpectedly decreased in May to a four-month low while U.S. home prices in the 12 months through March fell at the slowest pace in more than a year.

“China’s stimulus is a supporting factor for commodity producers in the emerging markets,” Nick Chamie, head of global foreign-exchange strategy at Royal Bank of Canada, said in a telephone interview from Toronto today. “These announcements are getting the market excited.”

The MSCI gauge of 21 developing nations, up 0.7 percent this year, trades at 9.9 times estimated earnings, compared with 11.8 for the MSCI World Index of advanced nations, which has added 1.7 percent in 2012.

Greece Pressure

The S&P/Case-Shiller index of property values fell 2.6 percent from a year earlier after a 3.5 percent drop in February, data showed today in New York. The decline matched the median forecast of economists surveyed by Bloomberg News.

A confidence index among U.S. consumers decreased to 64.9 from a revised 68.7 in the prior month, figures from the New York-based Conference Board showed today.

As European leaders pressure Greece to meet bailout terms before elections next month, concern is growing that Spanish lenders will need more financial support to weather the crisis.

Brazil’s Bovespa added 0.2 percent in Sao Paulo as Gol Linhas Aereas Inteligentes SA advanced 3 percent, the most since May 7.

Russia’s benchmark gauge jumped 2.8 percent, the most in three months. OAO Lukoil, Russia’s second-biggest oil producer, added 3.6 percent, the most since Feb. 24, on plans to list more than $1 billion of its existing shares in Hong Kong.

Hong Kong Listing

The company may hire China International Capital Corp. and Renaissance Capital for a Hong Kong listing within a year, Deputy Chief Executive Officer Leonid Fedun told reporters in Hong Kong today. The oil producer may later gain access to the Shanghai Stock Exchange (510230), subject to permission from the Chinese government, he said.

Akbank TAS (AKBNK), Turkey’s second-largest listed lender, snapped six days of losses in Istanbul, advancing 3.4 percent after MSCI said it was increasing the company’s weighting in its Global Standard Indices to 0.45 from 0.3.

The WIG20 Index (WIG20) added 1.5 percent in Warsaw and the BUX Index (BUX) rose 0.5 percent in Hungary.

The rand appreciated 0.4 percent against the dollar and the ruble weakened by 0.2 percent. India’s rupee weakened 0.9 percent, depreciating for the first time in four days on speculation importers stepped up purchases of the dollar to pay month-end bills.

Chinese Stocks Surge

The Hang Seng China Enterprises Index (HSCEI) of Chinese companies listed in Hong Kong climbed 2.2 percent. Skyworth Digital Holdings, a maker of televisions, surged 11 percent.

Taiwan’s Taiex (TWSE) Index rose the most in five months after the official Central News Agency reported the ruling Kuomintang party is drafting rules which may allow investors to pay less tax on stock market gains.

The Taiex jumped 2.9 percent, the most among Asian benchmark indexes, and the biggest advance since Dec. 21. Hon Hai Precision Industry Co. (2317) climbed 4.8 percent.

The Philippine Stock Exchange Index (PCOMP) rose 1.4 percent to the highest close since May 14 after Moody’s Investors Service raised the nation’s sovereign rating outlook to positive from stable, citing the country’s improving debt levels. The nation’s long-term foreign-currency Ba2 rating is two levels below investment grade.

The extra yield investors demand to own emerging-market debt over U.S. Treasuries fell two basis points, or 0.02 percentage point, to 408, according to JPMorgan Chase & Co.’s EMBI Global Index.

To contact the reporters on this story: Christine Harvey in New York at; Jason Webb in London at

To contact the editors responsible for this story: Gavin Serkin at; Tal Barak Harif at

Asian Stocks, Oil Rise on China Stimulus; Bond Risk Gains - Businessweek

U.S. stocks rose, adding to last week’s rally, amid speculation Greece will stay in the euro after polls showed voters supporting politicians who back the nation’s bailout. Commodities erased earlier gains while Treasuries advanced.

The Standard & Poor’s 500 Index added 0.5 percent at 12:24 p.m. in New York, paring a rally of as much as 1.3 percent. The Stoxx Europe 600 Index (SXXP) climbed 0.8 percent. The MSCI Emerging Markets Index jumped 1.1 percent. The Dollar Index, a gauge of the currency against six major peers, added 0.2 percent as the euro weakened 0.6 percent to an almost two-year low of $1.2471. Ten-year Treasury yields fell three basis point to 1.71 percent. The S&P GSCI Index of commodities fell 0.6 percent.

U.S. equities gained after Greece’s New Democracy party placed first in all six opinion polls published on May 26 as campaigning continued for the general election on June 17. U.S. markets were closed yesterday for the Memorial Day holiday. Home values in 20 U.S. cities fell in the 12 months ended March at the slowest pace in more than a year, a report showed today, while the Conference Board’s gauge of consumer confidence unexpectedly dropped.

“There’s also a bit of relief that we won’t have any imminent kicking-out or defaulting of Greece,” Brad Sorensen, director of market and sector analysis at San Francisco-based Charles Schwab Corp., said in a phone interview. His firm has $1.83 trillion in client assets. “We’re definitely seeing signs of stabilization on the housing front. The economy is looking decent. Relatively speaking, the U.S. is a good place to be.”

Stocks also rose amid speculation China will do more to stimulate its economy. The nation has no plans to introduce measures on the scale deployed during the global financial crisis, the official Xinhua News Agency reported.

“The Chinese government’s intention is very clear: It will not roll out another massive stimulus plan to seek high economic growth,” Xinhua said today in the seventh paragraph of a Chinese-language article on economic policy, without attributing the information. “The current efforts for stabilizing growth will not repeat the old way of three years ago.”

The S&P 500 increased for the fifth time in six trading sessions. The index on May 25 capped its first weekly rally since April as investors were lured by the cheapest valuations since November.

Rebound After Slump

Equities rose after a three-week, 7.7 percent decline pushed the S&P 500’s price-to-earnings ratio to 13.1 on May 18, below the average of 16.4 since 1954, according to data compiled by Bloomberg. The benchmark gauge started today’s session down 5.7 percent in May, heading for its biggest monthly retreat since September, amid concern global economic growth is slowing and Greece may leave the euro area.

Indexes of commodity and technology companies led gains among all 10 of the main industries in the S&P 500 today, rising at least 0.8 percent. Caterpillar Inc., United Technologies Corp. and Bank of America Corp. rose at least 2 percent for the biggest gains in the Dow Jones Industrial Average.

Facebook Inc. shares fell to a new low, extending losses from the worst-performing large initial public offering during the past decade to more than 20 percent. The stock fell 7.4 percent to $29.55. Facebook options trading began today, with volume for puts exceeding calls by 1.3-to-1, data compiled by Bloomberg show. More than 87,000 puts giving the right to sell traded. June $30 puts were the most-active contracts, with volume at 14,998. They were followed by June $34 calls and June $32 calls.

The S&P/Case-Shiller index of property values fell 2.6 percent from a year earlier after a 3.5 percent drop in February, the group reported today in New York. The decline matched the median forecast of economists surveyed by Bloomberg News.

The Conference Board’s consumer confidence index decreased to 64.9 this month from 68.7. Economists forecast an increase to 69.6, according to the median estimate in a Bloomberg survey.

European Shares

Three stocks rose for every one that fell in the Stoxx 600. CGGVeritas, the world’s largest seismic surveyor of oilfields, and ArcelorMittal, the biggest steelmaker, rose more than 4 percent as analysts upgraded the shares. Greggs Plc, a U.K. baker, jumped 8.1 percent as Chancellor of the Exchequer George Osborne reversed a plan to add value-added tax to some snacks. Bankia SA led a decline in Spanish stocks, sliding 16 percent.

Volatility on Japanese bonds was the highest in developed markets today, according to measures of 10-year debt, the two- and 10-year yield spread and credit-default swaps. The yield on the 10-year security dropped 3 basis points to 0.85 percent.

The S&P GSCI gauge of 24 commodities decreased 0.6 percent, reversing a gain of as much as 0.9 percent. Crude in New York slipped 0.4 percent to $90.49 a barrel after climbing as much as 1.5 percent. Natural gas fell 2.2 percent, bringing its decline since May 23 to more than 8 percent, on forecasts for cooler weather that would curb demand for fuel at power plants.

Emerging-market stocks gained for a fourth day. The Hang Seng China Enterprises Index (HSCEI) of Chinese companies listed in Hong Kong climbed 2.2 percent. Taiwan’s Taiex jumped 2.9 percent and South Korea’s Kospi Index added 1.4 percent. Russia’s Micex Index advanced 2.2 percent.

To contact the reporters on this story: Stephen Kirkland in London at; Rita Nazareth in New York at

To contact the editor responsible for this story: Nick Baker at

Obsidian Financial's Morning Stock Market News for Tuesday, May … - TMCnet

TMCNet:  Obsidian Financial's Morning Stock Market News for Tuesday, May 29, 2012

(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwire) -- 05/29/12 -- announces the following stocks to its Stock Market Morning News., the investor's choice for small-cap alerts, provides stock alerts of the most active small to big cap stocks for early signs of potentially big stock moves. Early timing is critical for catching these potentially explosive stock moves. To receive our FREE "OFC Stock Alert Newsletter" and get more early alerts, please visit our website:

NVMN Advances Agenda by Engaging New President with Sharp Focus on Growth and Sales: Nova Mining Corp. (OTCBB: NVMN) announced today that the Company has appointed Mr. James Dilger as President. Dr. Duncan Bain, who has been serving as President, will immediately resume his geological business focus as Senior Vice President in Charge of Exploration.

Mr. Dilger has over 30 years' experience in building businesses, with special expertise in international trade and private investment. Mr. Dilger studied history and economics at the Universidad de las Americas in Mexico and serves as a professor at Ibero Americana University. Mr. Dilger was also the original founder of Texas Invest Direct Oil, which represents independent oil operators seeking working interest partners. Mr. Dilger resides in Houston, Texas, USA and Merida, Yucatan, Mexico.

One of Mr. Dilger's first priority items will be to establish Nova Mining Corp as a Registered US Federal Contractor in order to implement the Company's business plan of selling mining product to the massive US military-industrial complex.

To view the full press release for Nova Mining Corp. (OTCBB: NVMN), visit Other Highlights Include: Chesapeake Energy Corporation (NYSE: CHK): The Board of Directors of Chesapeake Energy Corporation (NYSE: CHK) released a letter on May 23, 2012 to shareholders addressing certain issues recently raised by the Comptroller of the City of New York, John C. Liu, who oversees New York City pension funds that beneficially own less than 0.25% of Chesapeake's common shares outstanding. The letter, which outlines numerous recent actions the Board has taken to enhance Chesapeake's corporate governance and further strengthen its financial position, was issued in advance of the Company's Annual Meeting of Shareholders to be held Friday, June 8, 2012.

Alcatel-Lucent (EURONEXT PARIS: ALU) (NYSE: ALU): Alcatel-Lucent announced today May 29, 2012, that it will significantly expand China Telecom's broadband access network, bringing services such as IPTV, video-on-demand and voice-over-IP (VoIP) services to millions of homes in China. The Euro 100 million contract -- secured through Alcatel-Lucent Shanghai Bell, Alcatel-Lucent's flagship company in China -- will lead to the deployment of fiber-to-the-home (FTTH) networks across China's 31 provinces, enabling China Telecom to serve millions of households with a wide range of high-speed services and guaranteed quality of service.

Extorre Gold Mines Limited's (NYSE Amex: XG) (TSX: XG) (FRANKFURT: E1R.F) ("Extorre" or the "Company) board of directors has approved the adoption of a Shareholder Rights Plan (the "Plan"). The Plan is effective as of May 25, 2012, but is subject to shareholder ratification within six months in order to remain in place. The purpose of the Plan is to provide shareholders and the Company's Board of Directors with adequate time to consider and evaluate any unsolicited bid made for the Company, to provide the Board with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate, to any such unsolicited bid, to encourage the fair treatment of shareholders in connection with any take-over bid for the Company and to ensure that any proposed transaction is in the best interests of the Company's shareholders.

About, a leader in corporate communications and finance, provides investors with a wide-ranging set of financial tools, including original stock market commentary, stock quotes, interactive charts, portfolio watch, live chat and message boards, plus the latest news, press releases, investment opinions, and research reports for all companies highlighted on the site. Visit for more details.

All material herein was prepared by Obsidian Financial Communications, Inc. (OFC) based upon information believed to be reliable. The information contained herein is not guaranteed by OFC to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OFC is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Nova Mining Corp. (NVMN) - Obsidian Financial Communications Inc. (OFC) has been compensated one hundred twenty five thousand ($125,000) dollars, by a third party for NVMN. We could receive up to another one hundred twenty five thousand ($125,000) dollars for NVMN from this same third party. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. OFC's affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the companies mentioned herein and may profit in the event those shares rise in value. OFC will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. To see OFC's full disclaimer / compensation, please visit our web site: Obsidian Financial Communications Inc. Email Contact 631.675.6932 Source: Obsidian Financial Communications Inc.

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