Replies to post #324793 on $Stock*Shop*Charts*News*Option$

[Tuff-Stuff]

June 21-25 Economic Reports and Events

U.S. Domestic:

Eastern Time Zone (GMT -5:00) (New York, Toronto)

Jun 22 10:00 AM Existing Home Sales May
Jun 22 10:00 AM FHFA Housing Price Index Apr

Jun 23 10:00 AM New Home Sales May
Jun 23 10:30 AM Crude Inventories 06/19
Jun 23 2:15 PM FOMC Rate Decision Jun 23

Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders ex Transportation May
Jun 24 8:30 AM Initial Claims 06/19
Jun 24 8:30 AM Continuing Claims 06/19

Jun 25 8:30 AM GDP – Third Estimate Q1
Jun 25 8:30 AM GDP Deflator Q1
Jun 25 9:55 AM U Michigan Sentiment – Final Jun


Foreign

Eastern Time Zone (GMT -5:00) (New York, Toronto)

Jun 20 19:01 GBP Rightmove House Prices Jun

Jun 21 GBP U.K. Budget Report Published

Jun 22 02:15 CHF Trade Balance May
Jun 22 04:00 EUR German IFO – Business Climate Jun
Jun 22 04:00 EUR German IFO – Current Assessment Jun
Jun 22 04:00 EUR German IFO – Expectations Jun
Jun 22 07:00 CAD Bank Canada Consumer Price Index Core May
Jun 22 07:00 CAD Consumer Price Index May ***
Jun 22 07:00 CAD Consumer Price Index Core May
Jun 22 10:00 EUR Euro-Zone Consumer Confidence Jun
Jun 22 18:45 NZD Current Account Balance Q1
Jun 22 18:45 NZD Current Account Deficit-GDP Ratio Q1
Jun 22 USD FOMC Meeting

Jun 23 02:00 EUR German GfK Consumer Confidence Survey Jul
Jun 23 03:30 EUR German Purchasing Manager Index Services Jun
Jun 23 03:30 EUR German Purchasing Man. Index Manufacturing Jun
Jun 23 04:00 EUR Euro-Zone Purchasing Manager Index Services Jun
Jun 23 04:00 EUR Euro-Zone Purchasing Man. Index Manufact. Jun
Jun 23 04:30 GBP Bank of England Minutes ***
Jun 23 08:30 CAD Retail Sales Apr
Jun 23 08:30 CAD Retail Sales Less Autos Apr
Jun 23 10:00 USD New Home Sales May
Jun 23 14:15 USD Federal Open Market Committee Rate Decision ***
Jun 23 18:45 NZD Gross Domestic Product Q1 ***
Jun 23 20:00 AUD Conference Board Leading Index Apr

Jun 24 08:30 USD Durable Goods Orders May ***
Jun 24 08:30 USD Durables Ex-Transportation May ***
Jun 24 18:45 NZD Trade Balance May
Jun 24 19:30 JPY Tokyo Consumer Price Index Jun
Jun 24 19:30 JPY Tokyo Consumer Price Index Ex-Fresh Food Jun
Jun 24 19:30 JPY Tokyo Consumer Price Index Ex-Food, Energy Jun
Jun 24 19:30 JPY National Consumer Price Index May
Jun 24 19:30 JPY Nat. Consumer Price Index Ex-Food, Energy May

Jun 25 08:30 USD Gross Domestic Product Q1 ***
Jun 25 08:30 USD Personal Consumption Q1
Jun 25 08:30 USD Gross Domestic Product Price Index Q1
Jun 25 08:30 USD Core Personal Consumption Expenditure Q1
Jun 25 09:55 USD University of Michigan Consumer Confidence Jun

Jun 25-26 CAD G20 Holds Summit in Toronto, Canada

*** Highly influential

Notice: The Bastiat Group, Inc. has attempted to verify the
information contained in this calendar, however, any aspect of
such info may change without notice. Foreign economic reports
included in this list are only those deemed “medium to high impact”.

Key Earnings Announcements This Week:

Monday, June 21, 2010
Before: -
During: -
After: SONC, SCS

Tuesday, June 22, 2010
Before: CCL, CMC, GRB, JEF, WAG
During: -
After: ADBE, APOG, FUL, JBL, PRGS, RHT

Wednesday, June 23, 2010
Before: APP (?), CSIQ, KMX, RAD, SMTS
During: -
After: BBBY, CKR (?), DRI, MLHR, PAYX

Thursday, June 24, 2010
Before: CAG, DFS, LEN, MKC, RBN
During: -
After: ACN, AVAV, FINL, FLOW (?), FSII, HRB, ORCL, PALM (?), RIMM,
SNX, TIBX

Friday, June 25, 2010
Before: AZZ, KBH
During: -
After: -

Note: All economic numbers and earnings reports are in line with
those compiled by Briefing.com. Occasionally changes will occur
that are made after the posting of this column and some companies
have not confirmed their time, so always double check when taking
positions overnight during earnings season! (?) = Not yet confirmed
at the time the list was compiled.

[Stock Lobster]

>>BP spill prompts exodus from energy?

Fund Strategy - Adam Lewis - 4 hours ago

The fallout from the Gulf of Mexico oil spill has led global fund managers to cut their energy weightings in record numbers, according to the latest Bank of America Merrill Lynch Fund Manager survey.

In June a net 7% of global asset allocators were overweight in the energy sector, down from a net 37% in May, which Merrill Lynch claims is the biggest monthly swing the survey has ever recorded.

Managers remain cautious about the prospects for global economic growth, with a net 24% predicting the world economy will strengthen in the next 12 months. This is down from 42% in May and 61% in April. (article continues below)

Despite this wariness, however, global managers dropped their cash levels from 4.3% in May to 4.1% in June, although asset allocators did raise their cash overweights to the highest level since May last year.

Gary Baker, the head of European equity strategy at Bank of America Merrill Lynch Global Research, says: “There seems to be little panic among investors and managers now see equity valuations at their cheapest level since March 2009.”

Negative sentiment to­wards the eurozone, which peaked in last month’s survey, has abated. The percentage of global managers who said they would underweight Europe fell to a net 12% in June, down from 30% in May. There was also a change in currency views, with managers taking their least negative view on the euro since November 2006. In June only a net 14% of managers viewed the euro as overvalued, versus 45% in May.

A total of 207 fund managers with $606 billion (£411 billion) of assets participated in the survey. It was conducted in partnership with TNS, a market research firm, from June 4-10.

http://www.fundstrategy.co.uk/markets/bp-spill-prompts-exodus-from-energy/1013666.article