Non-Manufacturing Sector Activity Weakens U.S.

Non-Manufacturing Sector Activity Weakens U.S.

• USDCHF: 0.8992 Test Ready, Aim For The Advanced Target 0.8868
• USDCHF: Bearish Signal for GMMA and MACD, Watch Testing 0.9055
• USDCHF: Bearish Signal Defense, Guard Tests Support at 0.9043
• USD / JPY: Bullish Moving, Ready Approach 92.00
• EUR / USD: Trend Up Still Strong, Test Resistance At 1.3616

Weak U.S. economic growth momentum seems to have reduced activity in the non-manufacturing sector beginning in 2013. The non-manufacturing index fell to 55.2 for the month of January; according to predictions but lower than previous publications 55.7. However, the data still above the level of 50 that signaled the continued expansion of non-manufacturing sector. Please register with the data only a slight decline then this would provide additional evidence would still need loose monetary policy from the Federal Reserve. Dow Jones futures still maintain momentum gains after the data was released. Dow is now trading 13 942, away from the daily low of 13,830.

Adding MasterCard Plans 'Buyback'

MasterCard Inc. on Tuesday announced a plan to increase the buyback program worth $ 2 billion for the shares of class 'A', as well as doubling its quarterly dividend to further reward shareholders. MasterCard, which helps banks and merchants to provide payment card, last week reported a surge in fourth-quarter profit as the increasing use of the card. It is quite surprising given the poor global economic conditions amid haunting consumer confidence.

Additional buyback plan itself will be effectively applied after the program $ 1.5 billion stock buyback earlier, that still leaves about $ 440 million, resolved. As for the payment of dividends, on 9 May MasterCard will pay 60 cents to shareholders of a class 'A' and 'B' were recorded until 9 April. The amount is 2 times of payment of a dividend of 30 cents on the 8th February. MasterCard stock is currently trading at around $ 520.90, or about 1.3% above the closing price yesterday.

Oil Soar Over Europe Easing Anxiety

U.S. crude oil futures rose to a level of $ 96.78 per barrel on Tuesday continue the rally that has taken place in three weeks as concerns investors against political risks in Europe have eased. The single currency and regional stock markets also rose after the PMI data reported successful beyond expectations. Meanwhile, shares of oil & gas company British Petroleum gained 1.7 percent after reporting earnings above rate estimates. Another positive catalyst for oil diminishing the risk of oil supply as OPEC member countries decreased production combined with the bright outlook for the global economy which indicates an increase in demand for petroleum energy.

Global oil supply from OPEC in particular expected to continue throughout 2013, while the conflict in Syria and Iran's tensions with the West over its nuclear program remains a risk in addition to the reduction in oil supply from the Middle East. Furthermore, market participants will await U.S. oil inventory report is expected from an increase of 2.8 million barrels. API industry group will issue a report Tuesday stockpiles of oil reserves, while the EIA reported crude oil inventories will be released on Wednesday.

Dell Company Will Be Closed

The consortium, led by founder and CEO Michael Dell has agreed a deal to create a leading computer manufacturer is a firm covered. Dell shareholders will receive cash of $ 13.65 for each share owned Dell. The price is not much different from the last trading price of $ 13.40 on Dell. Deal worth $ 24.4 billion leveraged buyout is the largest since the 2008 financial crisis. Microsoft and private equity firm Silver Lake Partners is a principal member of a consortium with the contribution of each investment to reach $ 2 billion and 1 billion. Michael Dell also plans to sell 16% stake owned Dell and will put his personal funds as part of the deal. Michael Dell will remain as CEO.

Coca-Cola As much as 25% Dividend Increase

Coca-Cola Enterprises Inc.. on Tuesday increased its quarterly dividend by 25%, which marks the sixth annual increase in a row, in an effort to better appreciate their shareholders. Coca-Cola's quarterly dividend increase to 20 cents from 16 cents previously, which will incur additional costs of approximately $ 115 million per year. This soft drink producer in December had forecast if the Council will raise dividends at least 15% by 2013. At the same Coca-Cola also announced a program of buying back shares worth $ 1.5 billion, $ 500 million of which will be done this year.

Coca-Cola Enterprises continues to grapple with higher taxes in France, a competitive shopping in the UK and the negative impact of currency exchange rates. Economic difficulties in Western Europe also helped bring the threat to demand their soft drink products. Currently, Coca-Cola shares at about 0.05% higher at $ 37.90 range. Coca-Cola shares have gained 26% recorded last year.

Pound Up Limited vs Dollar and Euro

Pound Up Limited vs Dollar and Euro. Sterling recovered from its lowest level against the U.S. dollar and the euro on Thursday, but the increase was not seen as merely a temporary correction with the overall trend is downward biased. The reason is the economic fundamentals of the UK this year will bring the expected direction of the central bank's monetary policy in the coming months will be more lax than in Europe. Another positive catalyst UK house price increases exceeded estimates in the month of January so that helped raise pounds. GBPUSD pairing observed so far gained 0.15% at the level of 1.5823, after reaching its highest point at 1.5841 and intraday lows at 1.5776 daily.

Top Natural Personal Income Increase In 8 Years

Reports Personal income rose 2.6% exceed the estimated 0.8%, while personal spending jumped 0.2%, slightly below expectations of 0.3%. The data also showed the largest increase in personal income of Americans in the last 8 years. From year to year, personal income has climbed 3.5% in 2012, compared to 5.1% in 2011. In separate data weekly jobless claims increased 38.000 of low 5-year, compared to 368,000 the previous week 330,000.

Bond Yield Italy Crawling Up to 2013 High Level

Italian government bond yields soared to its highest level this year on Thursday as Italian bank Banca investigation Monti dei Paschi sparked concern among investors ahead of the national general elections at the end of February. As a result the Italian bond yield on the 10-year tenor crept up by 0.09 percent points from Wednesday to 4:36 closed %, while the highest level since 2 January, while the yield on two-year tenure come up to the level of 1.68%. Banca Monte dei Paschi under investigation due to the scandal that can lead to large losses in the oldest bank in Italy. Credit rating agency Moody's Investors Service credit rating Paschi reviewing the watchlist downgrade, due to the uncertainty of the effects of trade that has been done by the previous management of the bank.

Risky Gold Weakens

Gold slipped as investors profit-taking post sharp rally the previous day failed to penetrate key resistance $ 1.700. Gold futures soared 1.1% yesterday, while posting its strongest since 10 January rally triggered by the release of weak economic data on GDP. Technically, gold is still a potential impairment testing support area $ 1.659 - $ 1.664 after completing the rebound from earlier lows in the range of $ 1.651. The side of it, looking at the area nearest resistance 1679 & 1682. Observed so far Gold spot price fell -0.23% at $ 1,672.98, after briefly reaching highs of $ 1,680.70 and an intraday low of $ 1,672.23 daily.

MasterCard Profit Rises 18%

MasterCard on Thursday reported a 18% rise in profit for the 4th quarter of 2012. The company's net profit rose to $ 605 million, or $ 4.86 per share. Previous Wall Street analysts expect MasterCard will book a profit of $ 4.80 per share. At the same time credit card companies also reported nicks the 4th quarter earnings of $ 1.9 billion, an increase of 10% over the same period the previous year. MasterCard said that if earnings last quarter of last year can not be separated from a 20% increase in transactions processed to $ 9.2 billion. MasterCard shares jumped more than 3.5% in pre-market session on Thursday.

Morgan Stanley Cut 1600 Jobs

Morgan Stanley Cut 1600 Jobs. Morgan Stanley plans to start laying off 1600 workers start next Monday, according to reports FBN.com. The report quoted one source company. A spokeswoman for Morgan Stanley is still refusing to comment on the reports. If true, the layoffs would cut about 6% of the work on the unit institutional banking services and support infrastructure. In its latest annual report, Morgan Stanley reported 61,899 employees worldwide. Currently, Morgan Stanley shares traded 0.05% higher at $ 19.65 range.

Goldman Upgrades Stock Rating MasterCard

Goldman Sachs on Wednesday upgraded the stock rating MasterCard Inc. to "buy" from a previous "neutral" following a reduction in anxiety over the company's exposure to Europe. In a note, Goldman analyst also added Visa Inc. U.S. company to list its shares they were after. "Visa is well positioned in the middle of the intersection between international growth and convergence of multi-channel payments, which we believe will still be two main drivers of growth for faster transaction volume," Goldman analysts wrote in a note. They also put the Visa stock as their top pick in the IT-services sector for 2013. Both MasterCard and Visa shares rose in early trading session Wednesday, with each collecting 1% and 0.95%.

Among the Cameron Warns UK Business

UK businesses warned the Prime Minister not to take risks that could harm the business if you want to make a renegotiation of British membership in the European Union. In the letter, which was signed 10 business leaders in the UK, businesses see the need for reform of the European Union but Britain must be careful in negotiating ualng. Cameron has uttered willingness to review its relations with Brussels London amid growing pessimism of the British people against the European Union.

"Renegotiation may pose a risk to British membership in the European Union and could create uncertainty in the business world," wrote a letter co-signed by the head of Virgin Group Richard Branson and WPP CEO Martin Sorrell. Rio Tinto chairman Jan du Plessis, chairman of British Telecoms Michael Rake, and Chairman of the London Stock Exchange Chris Gibson-Smith also helped provide a signature in a letter addressed to the Prime Minister of Great Britain. Meanwhile, sterling weakened in the New York session. GBP / USD is now trading 1.6005, moving away from a daily high level 1.6075.

Will U.S. Oil Production Continues to Increase

U.S. oil production will continue to increase so as to record an increase of 25% in the past two years as the increasing role of technology "fracking" that allows companies to explore for oil shale. The U.S. Energy Information Agency (EIA) predicts that oil production will increase this year as much as 900,000 barrels per day (bpd) and will increase by 600,000 barrels in 2014 up to 7.9 million bpd. EIA officials, Adam Sieminski, said the company is now more productive in applying technology "fracking" post Bakken exploration in North Dakota and the Eagle Ford Texas. EIA quite optimistic increase in U.S. oil production will be able to create the availability of adequate supplies in the next two years. EIA estimates that the average NYMEX oil prices will reach $ 89 per barrel in 2013 and $ 91 in 2014.

U.S. Oil Reserves Increase

Oil reserves increased by 1.3 million barrels, more than 900,000 barrels and the prediction of an earlier publication which decreased by 11.1 million barrels. Oil prices seen trouble maintaining gains after the data was released. Nymex oil is now trading $ 93.25, try to avoid high levels of daily $ 93.63.