Zephyr Global Report 1/30/2013

HEADLINERS

-Israel invades Syrian Airspace, bombs Military Research Center. Russian Intelligence Confirms

-Cameron Invades Algeria for BP, tells Algerians how he is there to help them kill Al MI6ya patsies

-RIM Blackberry 10 Launch Today, Changes Corporate name from RIM to Blackberry

-FOMC Statement -Fed Holds, slightly more dovish on weak 4QGDP

-USA GDP Drops -.1 pc Q/Q in Q4

-Rising Violence In Egypt Pushes Country Close to Military Take Over

-John Kerry Confirmed by Senate as Next USA Defense Secretary, Hagel under fire and buckling to Anglo-Zionist pressure

-Draghi’s Bank of Italy Knew of Monte Paschi Missteps in 2010, BOI under investigation

-USA/UK/Quatar False Flag Plot to Frame Russia/Syria with Chemical Weapons Exposed in Daily Mail

-Move to Allocated Gold Accounts afoot in Switzerland

-Germany’s IFO Peripheral EU to be in a Recession for at least a decade

-GOOG In Talks to Let Video Creators Charge Users on Youtube

-Spain 4Q GDP -7. % vs -.6 % expected. Spanish Depression Deepens

-Nikkei Closes above 11,000 for first time since Aug 2011

-Fitch Warns on USA

-Gillard Calls for September Elections

===============================

COMMENTARY

- Facebook Inc. FB +1.46% on Wednesday reported a fourth-quarter profit of 64 million, 3 cents share, compared with a profit of $205 million, or 14 cents a share, for the year-earlier period. Revenue rose to $1.59 billion from $1.13 billion. Adjusted profit was 17 cents a share. Analysts polled by FactSet on average expect the Menlo Park, Calif.-based company to report a profit of 15 cents a share, on revenue of $1.51 billion. Facebook shares were down 6% in after-hours trading. MW

It is bouncing up now in after hours  as Analysts are touting mobile revenue.

-1610 Market Close

The FOMC continued on its current 85 bln a month trajectory, although we still don’t know what will be sterilized or not, although Bernanke implied if employment does not improve he will take the gloves off and run the balance sheet to 4 tln, if you read between the lines. The globalist don’t want to have to do that ahead of Merkels election as they want gold to go up a bit, for the global economy to surge in the 2h2013, then to whack gold back down  to get Hitler’s daughter elected to a third term and hold the EU together with surging USA growth and China limping along. If Bernanke is forced to run the balance sheet from $3 tln to $4 tln to keep the EU together he will be told to do so by the Globalist and gold won’t be kept down no matter what they do. In addition Crazy Mark Carney the Carnival money clown is getting set to take the head slot of the most functionally powerful Central bank the Bank of England and he is a complete GS/Rothschilds stooge and even married into the Royal family. The Bank of England is the Bank of Central Banks, not the clearing house crime gang in Basel Switzerland at the BIS. Likely the Jew Irving Fischer left the BOI early to move back the USA and going to make his move for Bernankes jobs. He is Bernankes old professor anyways and was in the number 2 or 3 position for that job last time.

The MPS scandal in Italy fascinates me as it looks like they have the goods on a Central banker , Draghi in a criminal act. That is a rare event. BBN is simply not telling us all the names involved and what the Contracts were and who ‘won’. Obviously the EU /ECB want to keep a lid on it. The Germans should be all over this and no one going near it. One article I read in Italian said JPM was just as involved as DB, JPM-london of course.

I discussed the USA economy in detail so wont go over that in detail. It is actually much worse as the Implicit GDP deflator was .6 pc they used to determine real GDP from the nominal GDP, and the market had expected 1.5 pc. The Feds play hide the GDP deflator number quite often and it used to be they would headline it, so I grabbed the general price inflation number of 1.3 pc to calculate real GDP quick from the Commerce Release. The lower the GDP deflator in our high inflation environment the more the books are being cooked. In general there should be little difference between the general price inflation and GDP deflator. So you would need to lower the real GDP bound of from -.8 pc to -2.8 pc in Q4  to  -1.3 % to -3.6 % in Q4 and that is being charitable. And given Obama pulled Q4 spending into Q3 and was constrained by the budget limit, we all can see what happens when the the immense deficit goes away. You can actually make the argument that the real GDP growth was closer to -5 pc than -3.6 pc in Q4 but that is a very, very long argument.

The GDP report was really lousy as so, so many economists got it hours early including ‘trusted’ shills in London to write these spin article they put on the web before I was even able to pull it of the Feds website. All the shills “defending’ the USA GDP report with the FT even penning how great things are here and much better than the cooked number that simply could not make it look rosy as it was so bad last quarter.

The FAA and Japanese aviation authorities after a preliminary  exoneration of Yuasa the  battery mfg, are now back chasing that ghost trail as they found some early battery replacements they did not know of . Boeing knows the math and knows this is sabotage. There is a move afoot at the NTSB in Washington with this evil Zionist female School bus driver the ZGR  highlighted to try and force Boeing to go back to Nicads to allow the beloved of the devil and Rothschilds Europeans to grab that business but it sounds like Boeing came up with what really happened and has leverage on the Obama administration and is confident the current battery configuration will fly. The older I get the more I think women should be kept in Burkas  and at home. I know I don’t bother holding doors open for women anymore and boycott them in public, as American women are so evil, screwed up and conniving at least on the left coast.

The Englishman Aubrey McClendon is going back to England as he was finally forced out at Chesapeake the big LNG firm. That is a good thing, he was one of the worst CEOs in the business and dishonest and dodger as they say in the UK.

In AMZN the analysts touted and the found buyers on  the improved gross margin and ignored the growth slow down. RIMM got sold on the delay.  Equity markets were up down about .3 pc in the USA. Gold did okay today rising 15 bucks. Oil put up  50 cents worth on the Syria bombing and Algerian unrest and Egyptian near civil war, military take over moment.

The bulls got what they wanted today and a more dovish statement but could not push the tape higher, which means we might be ready for a set back here. I have just been dollar cost averaging my SPY and DAX shorts by using boxing techniques and always covering a bit on down days. Some hedge funds might have looked past the hype and looked at the EPS/Revenue trajectory and be selling here.

MARKETS – AT A GLANCE
4:04 p.m. EST 01/30/13Major Stock Indexes
Last Change % Chg
DJIA* 13910.42 -44.00 -0.32
Nasdaq* 3142.31 -11.35 -0.36
S&P 500* 1501.96 -5.88 -0.39
DJ Total Stock Market* 15655.40 -70.81 -0.45
Russell 2000 895.01 -12.30 -1.36
Global Dow 2119.55 -3.00 -0.14
Japan: Nikkei Average* 11113.95 247.23 2.28
Stoxx Europe 600* 288.63 -1.67 -0.58
UK: FTSE 100* 6323.11 -16.08 -0.25
 
4:03 p.m. EST 01/30/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.270
10-Year Note 1/32 1.998
* at close
3:54 p.m. EST 01/30/13Futures
Last Change Settle
Crude Oil 98.01 0.44 97.57
Gold 1677.3 14.6 1681.6
E-mini Dow 13845 -63 13908
E-mini S&P 500 1496.25 -8.75 1505.00
4:04 p.m. EST 01/30/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 91.09 90.73
Euro (EUR/USD) 1.3565 1.3492

 

-Economic Release Summary USA Session

(BR) Brazil Dec Manufacturing PPI M/M: 0.3% v 0.3% prior; Y/Y: 7.2% v 6.6% prior
(PT) Portugal Dec Industrial Production M/M: -1.3% v -3.2% prior; Y/Y: -4.1%v -4.1% prior
(PT) Portugal Dec Retail Sales M/M: -1.8% v -1.8% prior; Y/Y: -9.7% v -5.6% prior
(IE) Ireland Jan Live Register Monthly Change: -0.9K v -1.4K prior; Unemployment Rate: 14.6% v 14.6% prior; Live Register Level: 430.1 v 431.0 prior
(US) MBA Mortgage Applications w/e Jan 25th: -8,1% v +7.0% prior
(CL) Chile Dec Manufacturing Index: -2.5% v +1.0%e
(CL) Chile Dec Retail Sales Y/Y: 11.0% v 8.4%e
(CL) Chile Dec Total Copper Production: 513.3K v 478.5K tons prior
(ZA) South Africa Dec Budget Balance (ZAR): 20.5B v 19.6Be
(BR) Brazil Dec Nominal Budget Balance (BRL): 3.2B v 17.0Be; Primary Budget Balance: 22.3B v 23.5Be; Net Debt to GDP Ratio: 35.1% v 35.2%e
(US) Jan ADP Employment Change: +192K v +165Ke
(US) Q4 Advanced GDP Q/Q Annualized: -0.1% v +1.1%e; Personal Consumption: 2.2% v 2.1%e
(US) Q4 Advanced GDP Price Index: 0.6% v 1.5%e; Core PCE Q/Q: 0.9% v 0.9%e
(BE) Belgium Q4 Preliminary GDP Q/Q: -0.1% v 0.0% prior; Y/Y: -0.4% v -0.4% prior
(US) Weekly DOE U.S. Crude Oil Inventories: Crude: +5.95M v +2.5Me; Gasoline: -960K v +500Ke; Distillate: -2.32M v -1Me; Utilization: 85% v 83.6% prior

-Syria Said Israel attacked Research Center for military. Israel said it invaded Syrian airspace to take out an Arms convoy to Lebanon-Reuters

-MARKETS – AT A GLANCE

2:51 p.m. EST 01/30/13Major Stock Indexes
Last Change % Chg
DJIA 13924.66 -29.76 -0.21
Nasdaq 3147.30 -6.36 -0.20
S&P 500 1503.74 -4.10 -0.27
DJ Total Stock Market 15674.47 -51.74 -0.33
Russell 2000 900.09 -7.22 -0.80
Global Dow 2119.84 -2.71 -0.13
Japan: Nikkei Average* 11113.95 247.23 2.28
Stoxx Europe 600* 288.63 -1.67 -0.58
UK: FTSE 100* 6323.11 -16.08 -0.25
 
2:50 p.m. EST 01/30/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.281
10-Year Note -4/32 2.018
* at close
2:41 p.m. EST 01/30/13Futures
Last Change Settle
Crude Oil 97.99 0.42 97.57
Gold 1677.9 15.2 1662.7
E-mini Dow 13876 -32 13908
E-mini S&P 500 1500.75 -4.25 1505.00
2:51 p.m. EST 01/30/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 91.21 90.73
Euro (EUR/USD) 1.3565 1.3492
† Late New York trading.

-MPS-Italiens Traditionsbank kehrt Skandale aus, Handelsblatt

Fabrizio Viola, the new chief of the traditional bank Monte dei Paschi scavenge wants.  Source: Reuters

MPS new CEO Fab. Viola : Trust me, it is all okay now!!

“Santorini”, “Alexandria” and “Nota Italiana”.

http://www.handelsblatt.com/unternehmen/banken/monte-dei-paschi-di-siena-italiens-traditionsbank-kehrt-skandale-aus/7701734.html

The Zionists are trying to lay the Blame on Opus Dei for all these failed banks. Opus Dei are Masons and Zionists as far as I know.

- I just posted BBN lead article on Fiat/Marchionne , notice they leave out ‘the’ key quote about Italian and Europe car sales being in a free fall still. Mayor Mike is a SOB as the ‘full’ story probably goes right to the Crown’s money managers. The FED FOMC summary came from some Italian Journalist in Italy before any major USA wire service could put the story out and ahead of the FED release to the public or via email or twitter. The FEDs website is so jammed up with bots, jamming bots it is worthless to try and pick the FMOC statement up on time. How does some Italian journalist beat Bloomberg/NYSE/NASDAQ, unless these people are delaying for profit. A tip of the hat to the Italian journalist who tipped me off at 1415.25 .

-FMOC Statement Tracker

Rewrite of last month, slightly more dovish.

http://blogs.wsj.com/economics/2013/01/30/parsing-the-fed-how-the-statement-changed-28/

-Bloomberg reports Rio Tinto (RIO:LSE)  is considering halting work at its $10 billion Oyu Tolgoi copper and gold project in Mongolia over profit-sharing and ownership demands from the government.The threat, which could suspend mining and processing at the newly constructed mine, was not confirmed by Rio Tinto to Bloomberg which cited “people familiar with the plans,” but who “aren’t authorized to comment publicly.

-FED is openly bragging about its commodity management algorithms and price fixing. Sick. Esther George is fake Anglomason hawk. She does not even have a PHD. LaGarde/King phone in their orders, probably Draghi as well as a fellow Zionist insider.

-1421 Stocks little Changed

Major Indexes
Last Change % Chg
DJIA 13934.80 -19.62 -0.14
Nasdaq 3151.73 -1.93 -0.06
S&P 500 1505.61 -2.23 -0.15
DJ Total Stock Market 15695.92 -30.29 -0.19
Russell 2000 901.77 -5.54 -0.61

-FED Maintains current plan

Press Release

Release Date: January 30, 2013

For immediate release

Information received since the Federal Open Market Committee met in December suggests that growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors. Employment has continued to expand at a moderate pace but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has shown further improvement. Inflation has been running somewhat below the Committee’s longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. Longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate.  Although strains in global financial markets have eased somewhat, the Committee continues to see downside risks to the economic outlook. The Committee also anticipates that inflation over the medium term likely will run at or below its 2 percent objective.

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on  longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.

The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until such improvement is achieved in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.

To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Charles L. Evans; Jerome H. Powell; Sarah Bloom Raskin; Eric S. Rosengren; Jeremy C. Stein; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Esther L. George, who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.

-PARIS (AFP) – An American man has described the difficulties of riding monster waves off the coast of Portugal, as he waited to hear whether he had broken the record for the biggest wave ever surfed.”Personally, it was very challenging,” Garrett McNamara was quoted as saying by surfertoday.com. “You just have to stay in the moment, stay focused on what you’re doing. We’re really comfortable here, but some of those waves…”McNamara currently holds the world record for the biggest wave surfed after riding a 78-foot (23.77 metre) breaker in Nazare, central Portugal, on November 1, 2011 but on Monday was thought to have gone better at the same location.The 45-year-old from Hawaii was cautious about his exploit, though, telling reporters that he had “no idea” about the size of the wave and that his partner Kealii Mamala may even have set the new global benchmark.”It definitely took longer (than his previous world best) but I can’t say if it was bigger,” he added.Surfing experts and event organisers were also unable to say definitively whether the man nicknamed “G-Mac” had clinched another world best, amid reports that the wave could have been as high as 100ft, but praised his bravery for tackling the waves.The 2012 Association of Surfing Professional (ASP) World Tour champion Joel Parkinson, was quoted as saying by surfertoday.com: “If this is real it’s off the charts.”Both McNamara and Mamala were able to reach the waves in the Atlantic Ocean swell off the rocky coast of the fishing village, some 130 kilometres (80 miles) north of Lisbon, due to practice known as a “tow-in”.They were towed by a jet-ski towards the face of the wave, allowing them to catch the biggest rather than only using the strength of their own arms, as in traditional surfing. Rescue crews were on hand in case of any mishap.Guinness World Records told AFP in emailed comments that it was working with big wave surfing experts Billabong XXL to verify officially the exact size of the wave McNamara rode on Monday. Once the evidence has been reviewed and the height of the wave confirmed by Billabong XXL, then Guinness World Records will be able to confirm whether Garrett McNamara has broken his current record,” it added.

-Two new cases of MMR causing autism have just been awarded millions of dollars by US gov’t http://huff.to/RTjmow  

American women and fathers are bad or they would not be shooting their kids up with vaccines, that don’t work and that have a good chance of producing an autistic child or killing them. Bad, bad, bad parents this present generation is. The information is at their finger tips yet they ignore it. Enjoy your autistic kid, just don’t ask me to pay for it, like you all are. There are lots of natural ways to reverse the autism at an early age. This is why they don’t teach Voltaire or translate him accurately and fully into the English language, over 200 years ago he called ‘vaccines’ the English fraud science.  It still is an English fraud science although the big Jews like Rothschilds and Buffet have moved into it. The vaccinations in Europe are less damaging.

- Boeing Co.BA +0.95% Chief Executive Officer Jim McNerney said the airplane maker has made progress in its investigation of battery fires in the 787 Dreamliner. “We will get to the bottom of this,” McNerney said on the company’s fourth-quarter earnings conference call on Wednesday. He did not lay out a time line for resolution of the issue, which prompted the Federal Aviation Administration to ground the planes on Jan. 16 pending a probe. McNerney said Boeing engineers are working around the clock on the battery issue while production of the plane continues. Boeing said it has halted delivery on the plane, however. Boeing remains “confident in the future of the program,” McNerney said. Shares of Boeing rose 1.3% in recent trades. The company plans to buy back up to $2 billion in stock in 2013. MW

-Carney (Press Sec): Obama wants to avoid sequester.

-Tech industry praises immigration bill. Google, Intel Corp. and Hewlett-Packard Co. were among the companies praising the Immigration Innovation Act introduced Tuesday morning, reports All Things D’s Liz Gannes.  One feature of the act makes it easier for people with an advanced degrees in science, math and engineering from U.S. universities to apply to live and work in the U.S. In a speech introducing the Act, President Barack Obama said that one in four high-tech companies was started by an immigrant. WSJ

The USA has over 1 million unemployed IT professionals, engineering and science professionals and there are no new net jobs being created and large surplus of new graduates. Obama’s figure is all wet on 1/4 tech firms started by an immigrant. Now 1/4 might have been in the engineering team. Obama speaks and lies. We need to develop our own people and not get Loyalist to Israel or Communist China or England taking the jobs of our people. INTC, GOOG, HP are outsourcing jobs anyways and it is not from a lack of talent but  desire to create this large labor pool and suppress wage. Imagine if we changed that bill to allow 1 million autoworkers from  China or 1 million lawyers  a year to immigrate or 1 million doctors. None of the professional engineering or science societies like the IEEE back this legislation. It is global labor arbitrage.

-Recall at the last FOMC the ZGR was jammed up by its hacker fan base at the Mossad/Pentagram as the report released. Since then I invested a lot of money and time in improving the defense. Sadly we live in an API world and APIS are porous, especially MSFT and APPL API wrt to security holes that can be exploited. Say if you run IPSEC and L2TP, it does not matter if you’re tunneling viruses being sent in through these poorly designed API/Apps like WordPress. Browser hacks and Browser spys are everywhere. The CIA uses their own secure version of Linux. What does that tell you should be running as an OS? Not necessarily Linux but for sure not Window or the APPL OS. Blackberries are fairly secure as they were designed that way from the beginning. Security with MSFT was always a bolt on. APPL had a clue as Jobs was paranoid about it. I guess if you’re not going to run Linux or Unix you should get an APPL as their computers/browser is far more secure. The palaces in England are aware of this blog so a lot of resources are thrown at it, despite my not doing any SEO or moving to a better URL. I am on the offensive in 2013 against the NWO, although not using the ZGR as an offensive women yet. So far there have been essentially ZERO referral from BING/MSFT, Yahoos search or even Google. The NWO is scrubbing the internet, part of the English expertise of rewriting their version of history.

-If 160 million  American are going to watch the Super bowel, rather than pray , take the wife and kids to the park, there is not much hope for the USA. It looks larely like a promotion of the Black American to being our new god, a long time goal of the Zionist to have a negro rule us. Boycott the perverse Black and NWO culture boycott the Super bowel. I can’t think of a single black singer that is not talentless and perverse anymore and that was not always the case in the Ray Charles era. And boycott the Super Bowel especially if your a European American and a Christian. If you’re a pagan have at it as you might as well enjoy your life as hell is so, so long. Football is incredibly boring to watch. Superbowel ‘Sunday’ is probably is the one of the indictments against us in Heaven.

-1248, AMZN + 5.74 % , RIMM -5.94 %, New RIMM symbol to be BRY NYSE

Blackberry 10 is largely vaporware. I will buy one when it is available. I liked what I saw of the design.

-How the Media Work.

They get advanced access to the GDP/FOMC statements and are ‘sequestered’ in the classic sense like a Jury, then allowed to write their spin and get it out on the wires 1 minute. or sooner after the data releases to people like myself. This is to thwart the impact of the Indy media and little else. The corruption of the USA government is ineffable. The media should get no special access to government data. We all know Juries leak data all the time.

-Market Watch

12:35 p.m. EST 01/30/13Major Stock Indexes
Last Change % Chg
DJIA 13938.84 -15.58 -0.11
Nasdaq 3152.36 -1.30 -0.04
S&P 500 1505.12 -2.72 -0.18
DJ Total Stock Market 15691.82 -34.39 -0.22
Russell 2000 902.50 -4.81 -0.53
Global Dow 2121.49 -1.06 -0.05
Japan: Nikkei Average* 11113.95 247.23 2.28
Stoxx Europe 600* 288.63 -1.67 -0.58
UK: FTSE 100* 6323.11 -16.08 -0.25
 
12:34 p.m. EST 01/30/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.285
10-Year Note -3/32 2.013
* at close
12:25 p.m. EST 01/30/13Futures
Last Change Settle
Crude Oil 97.64 0.07 97.57
Gold 1680.9 18.2 1662.7
E-mini Dow 13881 -27 13908
E-mini S&P 500 1501.00 -4.00 1505.00
12:35 p.m. EST 01/30/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 91.06 90.73
Euro (EUR/USD) 1.3568 1.3492
† Late New York trading.

-1223 Broad USA Market Look

Dow Jones Indexes

Last Change % Chg
DJIA 13936.07 -18.35 -0.13
DJ Transportation Average 5797.79 -76.81 -1.31
DJ Utility Average 472.93 0.05 0.01
DJ Composite Average 4746.32 -22.23 -0.47
DJ Total Stock Market 15691.20 -35.01 -0.22
DJ Broad Stock Market 3730.47 -8.35 -0.22
DJ Large-Cap Growth TSM 3642.23 -5.56 -0.15
DJ Large-Cap Value TSM 3224.28 -7.28 -0.23
DJ Mid-Cap Growth TSM 5828.89 -17.17 -0.29
DJ Mid-Cap Value TSM 5196.24 -12.20 -0.23
DJ Small-Cap Growth TSM 5093.70 -28.01 -0.55
DJ Small-Cap Value TSM 6587.20 -30.14 -0.46
DJ Micro-Cap TSM 8224.00 -8.53 -0.10
DJ Select REIT 220.61 -1.85 -0.83
DJ U.S. Select Dividend 431.53 -0.73 -0.17
DJ Internet 188.07 -0.21 -0.11
Barron’s 400 388.54 -1.40 -0.36
Nasdaq Stock Market
Last Change % Chg
Nasdaq 3152.66 -0.99 -0.03
Nasdaq 100 2746.62 3.04 0.11
Nasdaq Biotech 1519.18 -5.89 -0.39
Nasdaq Computer 1572.22 0.86 0.05
Nasdaq Industrials 2768.45 3.84 0.14
Nasdaq Insurance 5161.22 -11.89 -0.23
Nasdaq Banks 1969.55 -4.59 -0.23
Nasdaq Telecommunications 211.97 -1.21 -0.57
Standard & Poor’s
Last Change % Chg
S&P 500 1504.95 -2.89 -0.19
S&P 100 679.21 -0.63 -0.09
S&P 400 Mid-Cap 1091.60 -3.75 -0.34
S&P 600 Small-Cap 504.92 -3.33 -0.66
S&P 1500 SuperComp 348.46 -0.75 -0.21
New York Stock Exchange
Last Change % Chg
NYSE Composite 8917.42 -18.22 -0.20
NYSE Financial 5407.26 -15.90 -0.29
NYSE Health Care 8510.43 -6.39 -0.08
NYSE Energy 13491.79 -41.94 -0.31
NYSE Arca Biotech 1665.71 -10.14 -0.61
NYSE Arca Pharmaceutical 397.14 -0.10 -0.03
NYSE Arca Tech 100 1361.40 -1.88 -0.14
NYSE Arca Internet 352.93 -1.61 -0.45
NYSE Arca Sec. Broker/Dealer 104.14 0.09 0.09
NYSE MKT Composite 2412.38 -2.44 -0.10
Morgan Stanley High Tech 722.40 1.66 0.23
Other U.S. Indexes
Last Change % Chg
Russell 1000 835.55 -1.03 -0.12
Russell 2000 902.50 -4.81 -0.53
Russell 3000 895.60 -1.38 -0.15
PHLX Gold/Silver 152.64 0.92 0.61
PHLX Housing Sector 190.23 -2.06 -1.07
PHLX Oil Service 246.41 -1.54 -0.62
PHLX Semiconductor 414.98 1.70 0.41
CBOE Volatility 13.81 0.50 3.76
FOX 50 1086.55 -1.26 -0.12
KBW Bank 53.83 -0.09 -0.17
Alerian MLP 427.29 -1.13 -0.26
12:12 p.m. EST 01/30/13Futures/Extended Trading(Roll over for charts)
Last Chg Settle
E-mini Dow 13886.00 -22.00 13908.00
E-mini S&P 500 1501.50 -3.50 1505.00
Last Change % Chg
Nasdaq-100 Pre Market Indicator* 2748.09 6.87 0.25
Nasdaq-100 After Hours Indicator* 2751.18 9.97 0.36
* at close
See Full Daily Closing Stock Indexes
12:17 pm EST 01/30/13Most Active Stocks (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Volume Price Chg % Chg
ChespkeEngy (CHK) 47,595,941 20.07 1.10 5.81
BankAm (BAC) 41,067,110 11.46 -0.04 -0.30
FordMotor (F) 27,668,195 13.02 -0.12 -0.91
Nokia (NOK) 26,290,085 4.09 -0.12 -2.85
SprintNextel (S) 25,547,302 5.62 -0.02 -0.35
 
12:17 pm EST 01/30/13Gainers (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Price Chg % Chg Volume
FreescaleSemcndctr (FSL) 14.42 2.03 16.38 3,400,906
Unisys (UIS) 21.68 2.76 14.59 2,154,265
MillerEnergyRscs (MILL) 4.00 0.34 9.28 224,095
DaqoNewEnergyADS (DQ) 12.96 0.96 8.02 27,596
AveryDensn (AVY) 38.85 2.71 7.50 2,272,893
 
12:17 pm EST 01/30/13Decliners (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Price Chg % Chg Volume
Meritor (MTOR) 4.57 -0.78 -14.58 3,226,131
Spansion Cl A (CODE) 11.79 -1.38 -10.48 945,062
OxfordResPtrs (OXF) 3.81 -0.33 -7.97 245,113
BuckTech (BKI) 28.60 -2.19 -7.11 364,123
Turkcell ADS (TKC) 15.69 -1.18 -7.01 503,522
 
NEW 52-WEEK HIGHS & LOWS
12:02 pm EST 01/30/13(Roll over for charts and headlines)
NYSE | Nasdaq | NYSE MKT | Arca
Highs
ADTCorp.Wi 49.10
AGMortgageInvt 25.31
AcadiaRlty 26.55
AffilMangr 147.09
Airgas 95.64
Lows
NuSTAR7.625%Nt2043 25.53
PNCDepShsF 25.30
ParTch 4.40
WescoAircraftHldgs 12.04
INDUSTRY GROUPS

-1130 Europe Closes

I covered some of my DAX short, to continue to cost average my short. Bernanke/FOMC may boost stocks although we don’t get a look at the FED’s balance sheet until tomorrow at 1630 EDT.

The global media other than the Daily Mail is refusing to cover the conspiracy between England/Quatar(Saudi kin)/USA to frame Russia and Syria up and gin up some Chemical WMD and give them to Al-MI6ya in Syria and blame Assad/Putin and invade Russia. We need formal laws against false flag and to wire all the Congressman, Presidents, PM and ‘secret’ agents and general 24 as they have proven themselves ruthless murders of innocents to advance their satanic agenda.

European ‘confidence’ is up, largely as European stocks are up. I noticed Reglings heavy hand in the bond market today, and what a butcher he is after Spains dreadful Q4 GDP report, Spanish bonds surged, whereas Italy mired in the MPS scandal, of which BBN reported Draghi FULLY knew of in 2010, and Italian bonds were hammered with the  Italian banks trying to prop their own books. The ECB was handing out free money to its banks today to prop markets up in addition to what Regling was doing.

In France , French courts blocked Peugots plans to lay off 8000 workers, highlighting why the EU is not investable. That was reported in the French press yesterday but I did not have time to cover it.

It appears London broke the EU drive to ring fence Investment and commercial banking in the EU through their stranglehold on the EBA and that is not going to happen anytime soon in Europe or the UK for that matter. Taxpayers are liable for derivative traders just like we are seeing in MPS in Italy this week. I covered the expanding MPS scandal and that the Mario bros had full knowledge of it in 2010 by posting the BBN article on their latest FOI request. The Bank of Italy is now under investigation. After I read that I was very surprised Draghi did not tender his resignation and get a criminal lawyer. The MPS is just the tip of the iceberg right now. We know there are 2 other big money losers and they said they lost 800 million but needed 5.3 billion. So look for losses in the 3-5 billion dollar range from MPS. This is a big bank in Italy. Draghi as we said would be a real criminal and the Germans are FOA for allowing him to get the ECB seat rather than Weidmann whose throat Merkel will slit like Hitler murdered his butt buddy who headed the Brown Shirts (SA)up, Ernst Rohm, after her election.

The German pols have tossed in the towel and will bail oil rich Greek Cyprus out in conjunction with Russia.

Marchionne the CEO of FIAT/Chrysler and probably the only CEO in Europe that could run a SP500  firm tossed water all over that parade by saying Italian and Europan car sales were in free fall. Nevertheless to curry political favor with powerful Italian Unions he opened a new factory in Turin. We also got an accurate assessment of Europe from Asumssen the German at the ECB that belied the European  Confidence, although French workers (aka consumers) like their conterparts in the USA remain very negative about short to medium term fundamentals. Sinn, the head economist for the IFO really tossed water on all the EU pols who emerged to talk the EU up with this stunning honest quote, which I agree with 100 pc.

“No real solution for the euro crisis yet..The competitiveness crisis continues to deepen in Southern Europe. Because of the euro, it becomes too expensive for these countries to compete and as such they will have a long-lasting recession that will take at least a decade. Spain, Greece and Portugal compared to the average of the eurozone will need to be cheaper by about 30 percent to become competitive again, and even France’s prices need to fall by 20 percent.”

Hans-Werner Sinn, a German economist and President of the Ifo Institute for Economic Research

European market never had much enthusiasm at the opening as the Italian banking/ECB mini-crisis and earning off the cliff result by Europes leading oil services firm put a real damper on the market. Still the EU bull remains alive pinning their hopes on the FMOC and there was not that hard of sell off into the close as their should have been.

European pol are Horror-Core clowns. You cant revile their evil and lies too much.

Equity Markets

Stoxx Europe 600 288.51 -1.79 -0.62
 Belgium: Bel-20 2558.07 -13.91 -0.54
 France: CAC 40* 3763.32 -22.50 -0.59
 Germany: DAX* 7806.86 -41.71 -0.53
 Italy: FTSE MIB 17289.91 -602.00 -3.36
 Sweden: OMX Stockholm* 364.82 2.90 0.80
 UK: FTSE 100* 6320.40 -18.79 -0.30

Bonds

German 10y 1.72+0.03, -1.59%

Italy 10y 4.25+0.12, -3.02%

Spain 10y 4.96+0.03, -0.58%
U.K. 10yr 2.12+0.03, -1.50%

(RU) Russia sold RUB18B in 2023 OFZ bonds; Yield: 6.75%

(EU) ECB allotted $1.0B in 7-Day USD Liquidity Tender at fixed 0.63% vs. $20M prior

(EU) ECB allotted $392.0M in 3-month USD Liquidity Tender at fixed 0.63% vs. $863.2M prior

(SE) Sweden sold SEK15B in 3-month Bills; Yield 0.9355%

(IT) Italy Debt Agency (Tesoro) sold total €6.5B vs. €4.5-6.5B indicated range in 5-year and 10-year BTP Bonds . Sold €3.0B vs. €2.0-3.0B indicated in 3.5% Nov 2017 BTP Bond; Avg Yield 2.94% v 3.26% prior; Bid-to-cover: 1.30X v 1.29x prior . Sold €3.5B vs. €2.5-3.5B indicated in 5.5% Nov 2022 BTP Bond; Avg Yield 4.17% v 4.48% prior; Bid-to-cover: 1.32x v 1.47x prior

 (EU) ECB allotted €3.7B in 3-month LTRO at fixed 0.75% vs. €10Be

(DE) Germany sold €1.637B in 2.5% July 2044 Bunds; Avg Yield 2.45% v 2.34% prior; Bid-to-cover: 1.8x v 2.7x prior (Jan 25 2012 in 3.25% July 2042 Bund (record low yield)

-Q4 USA GDP Comments 

Recall in Q3 we had a big surge in GDP, where the final number was revised up to 3.1 pc largely based on government spending, and most of it military. This quarter the Government paid for that election boosting Gimmick and they were not able to fake the GDP to be near the 1 pc estimate and once again economist were proven to be incompetent and we came in at -.1 pc despite all the ‘whispering’ between the Feds and WS. Great news though, although we did not get some one from GS to take over the BLS we got a NYC FED bean counter.

The Feds say real GDP increased 2.2 pc in 2012 y/y compared to 1.8 y/y in 2011. Of course that uses the Feds phony GDP deflator (that is the amount the decrease GDP by to account for inflation), which always understates inflation to show real growth. In 2012 they used a deflator of 1.7 pc versus 2.5 pc in 2011. Both years understate the real 4-5 pc inflation rate we had if we go back to the Pre-Clinton era methodology of computing price inflation.

The first thing to watch is like with stocks, the top line (raw gdp), before you even begin to look at the bottom line (real gdp).  Current -dollar GDP increased .5 pc or $18 bn in the Q4 to $ 15.829 Tln. In Q3, current-dollar GDP increased 5.9 pc or $225 bln. Current-Dollar GDP increased 4 pc , or 600.3 billion in 2012, and it increased 4 pc or 576.8 billion in 2011. So we can easily see at best GDP is keeping even with inflation or maybe contracting. In Q4 what they did was only take out 1.3 pc for the annual rate inflation rate. (even the corrupt economist said it would be at least 1.5  pc). So even if we use the governments 2 pc CPI rate, we  come up with -.8 pc Real GDP in Q4 y/y basis. If we use the lower bound of the real inflation, of 4 pc, then we have a -2.8 pc Real GDP. The inventory builds were too large in Q2/Q3 and there was some gutting back.

At best we have stagflation, and the entire USA economy is being floated more or less by the USA deficit spending, quite a bit  which actually ends up in China and Europe. The only bright spot was people moving off the sidelines to buy homes on the back of QE4 by the FED.

The surge in Personal income was due to the fact the USA had essentially no deficit in December as taxes were paid on dividends advanced to shareholder at a lower rate and bonuses advanced at a lower rate. You can’t read anything into that and it will be ‘payback’ in the next report.

Imports/Exports are an important economic indicator and the USA had a big fail in Q4 as exports declined -5.7 % vs 1.3 % increase in Q3. Imports also declined by 3.2 % versus only -.6 % in Q3.

Other than construction it is hard to find any strength in this report. When the home market picks up although only about 5 pc of GDP you do expect to see more durable goods orders in the white goods category and we are not seeing that.

-Results due after the close of trading today for FB will probably show that revenue rose 34 percent to $1.52 billion last quarter, according to analyst estimates compiled by Bloomberg. That would be the first growth acceleration since Facebook sold shares to the public in May. Revenue climbed 32 percent in the preceding two periods, a slowdown from earlier quarters. BBN

 

-Market Watch

10:26 a.m. EST 01/30/13Major Stock Indexes
Last Change % Chg
DJIA 13929.19 -25.23 -0.18
Nasdaq 3148.07 -5.58 -0.18
S&P 500 1504.16 -3.68 -0.24
DJ Total Stock Market 15680.63 -45.58 -0.29
Russell 2000 902.15 -5.16 -0.57
Global Dow 2118.98 -3.57 -0.17
Japan: Nikkei Average* 11113.95 247.23 2.28
Stoxx Europe 600 288.31 -1.99 -0.69
UK: FTSE 100 6320.50 -18.69 -0.29
 
10:26 a.m. EST 01/30/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.285
10-Year Note -5/32 2.021
* at close
10:16 a.m. EST 01/30/13Futures
Last Change Settle
Crude Oil 97.64 0.07 97.57
Gold 1678.5 15.8 1662.7
E-mini Dow 13879 -29 13908
E-mini S&P 500 1501.00 -4.00 1505.00
10:26 a.m. EST 01/30/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 91.01 90.73
Euro (EUR/USD) 1.3568 1.3492
† Late New York trading.

-Chesapeake Energy Corp.’s (CHK) departing chief executive officer will leave to his successor a shrunken, cash-starved version of what was once the preeminent natural gas producer in the world’s biggest market for the fuel.Aubrey McClendon’s agreement to resign effective April 1 culminated a shareholder revolt byCarl Icahn and Southeastern Asset Management Inc.’s O. Mason Hawkins that earlier had cost the CEO the chairmanship he’d held for more than two decades. McClendon also relinquished his annual bonus and saw executive perks curtailed amid federal investigations of a portfolio of personal loans that topped $840 million. BBN

Go back to England you crook!

-Chuck Hagel is pledging that as defense secretary he will “focus intently on ensuring the U.S. military” is prepared to strike Iran’s nuclear facilities if needed.“I agree with the president that the United States should take no options off the table in our efforts to prevent Iran from acquiring a nuclear weapon,” Hagel said in written answers to policy questions posed by the Senate Armed Services Committee, which will hold a hearing tomorrow on President Barack Obama’s nomination of the former Nebraska senator to head the Pentagon. BBN

Anglo-Zionist force Hagel to parrot party Line to get Defense job

-I updated the Newslinks… but here is one of the better ones…at least from the perspective of disabusing the propaganda of the MSM wrt to miners

Writedowns Near $50 Billion as M&A Haunts Mine CEOs: Commodities

A lot of this is nonsense. As the ZGR illustrated, it cost $1 billion in 2000 to build a megamine or a state of the art semi fab. By the end of the decade it cost $5 billion to build a state of the art semi fab, and$5 billion to build a mega mine due to massive monetary inflation due the debt/deficit/wars /FED. Because the FED ‘manages’ , that is suppresses commodity prices, prices never got to the level they needed to sustain the cost of developing new mines. Copper would have had to persist at 5.00 /pound. Gold at 2000 oz. Very few of these deals were truly bad and needed to be written down. I did not see one foolish ore body put into production other than the Pascua Lama mine in Argentina/Chile by ABX. And that is a disaster from the long term environmental costs due to the pristine Alpine environment where no mine should be located. And no mention of the naked short of shares, GS/HSBC engage in to further make it hard to raise capital. This all about keepig the money flowing into USA debt. Miners did fail to deliver on build and production ramps, but that should not have resulted in some of these write downs. Some where to knock the price down so the CEOs and BOD could get cheap stock grants.

http://www.bloomberg.com/news/2013-01-30/writedowns-near-50-billion-as-m-a-haunts-mine-ceos-commodities.html

-Less than a month after averting one fiscal crisis, Washington began bracing  for another, as lawmakers in both parties predicted that deep, across-the-board spending cuts would probably hit the Pentagon and other federal agencies on March 1.(sequester)

Washington Post

In light of the big drop in defense spending that hit the Q4 GDP

-Market Watch

9:38 a.m. EST 01/30/13Major Stock Indexes
Last Change % Chg
DJIA 13958.99 4.57 0.03
Nasdaq 3159.81 6.15 0.20
S&P 500 1508.61 0.77 0.05
DJ Total Stock Market 15729.20 2.99 0.02
Russell 2000* 907.31 0.60 0.07
Global Dow 2123.25 0.70 0.03
Japan: Nikkei Average* 11113.95 247.23 2.28
Stoxx Europe 600 288.71 -1.59 -0.55
UK: FTSE 100 6326.77 -12.42 -0.20
 
9:37 a.m. EST 01/30/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.281
10-Year Note -5/32 2.019
* at close
9:28 a.m. EST 01/30/13Futures
Last Change Settle
Crude Oil 97.84 0.27 97.57
Gold 1681.3 18.6 1662.7
E-mini Dow 13890 -18 13908
E-mini S&P 500 1501.75 -3.25 1505.00
9:37 a.m. EST 01/30/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 91.21 90.73
Euro (EUR/USD) 1.3555 1.3492
† Late New York trading.

-0630 USA Opens

Major Indexes
Last Change % Chg
DJIA 13946.01 -8.41 -0.06
Nasdaq 3158.18 4.52 0.14
S&P 500 1507.41 -0.43 -0.03
DJ Total Stock Market 15722.22 -3.99 -0.03

-Sergio Marchionne , FIAT/Chrysler, CEO: ”The Italian and European car 
markets are in a free fall and perhaps have not yet hit bottom,”

(at the opening of a new factory in Italy)

Contrast that with the Brussel Sprouts and Mushroom we quoted earlier who emerged from their rat holes after the horrid Spanish GDP report

-South Korea launched a civilian space rocket and satellite as signs mount that North Korea, which sent a satellite into orbit in December, is preparing to test a nuclear device.The 33-meter (108-feet) KSLV-I Naro rocket was launched from a site near Goheung, 330 kilometers (200 miles) south of Seoul, at about 4 p.m., Lee Ju Ho, Minister of Education Science and Technology, said in a televised press conference. The launch was successful with separation of the rocket’s first and second stages complete, Lee said. Naro, which is built with domestic and Russian technology and carries a 100-kilogram research satellite, has had two failed launches since 2009. BBN

-Looks like the market wants to chase AMZN’s ,+8.5 pc premarkets , on lower guidance, missed revenue and earnings and focused on better operating margins. More power to them it is an expensive stock , especially with growth slowing.

-Toyota Motor Corp. said Wednesday it will recall almost 1.3 million vehicles worldwide, most of which were sold in the U.S., for defective airbags and windshield wipers.The massive recall comes just two days after Toyota officially reclaimed the title of world’s largest auto maker in 2012, something it won for the first time five years ago but was forced to relinquish due in part to a series of vehicle defects.A total of 907,000 Corolla and Corolla Matrix vehicles made in 2003 and 2004 have potentially faulty airbags that may inadvertently deploy, according to a Toyota spokesman in Tokyo. Another 385,000 Lexus IS sedans made from 2006 to 2012 have possibly defective wipers which “could become inoperative,” the spokesman said.Of those, the majority involve vehicles sold in the U.S.–some 752,000 Corolla and Corolla Matrix models and 270,000 Lexus IS cars–Toyota said in a statement.The company is aware of 59 reports of problems with inadvertently deployed Corolla airbags, including 31 “abrasion-type” injuries and two accidents whose cause has not been determined, the spokesman said. There have been no reports of accidents or injuries involving the problematic windshield wipers, he said.The airbag issue involves vehicles made at a now-closed Toyota plant in Fremont, California, the company said.In November, Toyota said it would recall 2.77 million vehicles globally to fix flawed shafts and water-pumps in at least 12 models made between 2000 and 2011. That followed a 7.4 million vehicle recall in October due to faulty power-window switches, including 2.5 million cars and light trucks sold in the U.S., in models sold between 2005 and 2010.

-FED Power Grows

NY FED’s Erica Groshen Becomes Commissioner of Labor Statistics ( Head of BLS, aka Chief Job Faker/bean counter). FED Press release

-Futures

Futures Index Value % Change Open High Low Time
Americas Futures
DJIA INDEX FUTURE Mar13 13,898.00 -0.09% 13,904.00 13,915.00 13,890.00 08:42:58
S&P 500 FUTURE Mar13 1,502.60 -0.17% 1,505.20 1,505.90 1,498.80 08:42:45
NASDAQ 100 FUTURE Mar13 2,740.00 -0.10% 2,744.50 2,748.00 2,736.50 08:42:35

-ADP +192K Private Sector Jobs in Jan

Private-sector employment got off to a good start in 2013, according to a report from payroll-processing firm Automatic Data Processing Inc. The U.S. added 192,000 private-sector positions in January, ADP estimated Wednesday, led by a 177,000 jump in the number of service-providing jobs.Many economists are taking a wait-and-see approach on the question of whether the ADP data are a reliable precursor of the government’s data.This is only the fourth such report since Moody’s replaced Macroeconomic Advisers as the compiler of the ADP data. In December, ADP initially reported a gain of 215,000, a miss of 47,000 from the Labor Department’s subsequent private-payroll figure of 168,000.Currently, analysts expect the Labor Department to report that nonfarm employment rose by 163,000 in January, compared with expansion by 155,000 jobs in December.The news from December was not as good: ADP downwardly revised December’s result to a gain of 185,000 private-sector jobs from a prior estimate of 215,000.The construction sector added 15,000 jobs in January. There were also job gains of 33,000 in the trade, transportation and utilities sector, 40,000 in professional and business services, and 12,000 in financial activities. Meanwhile, manufacturing lost 3,000 jobs.

————–

ADP was not very reliable before, now under Zandi and company it is even worse.

-844 European Stocks Turn Down After GDP

Stoxx Europe 600 289.33 -0.97 -0.33
 Belgium: Bel-20 2566.71 -5.27 -0.20
 France: CAC 40 3777.80 -8.02 -0.21
 Germany: DAX 7830.64 -17.93 -0.23
 Italy: FTSE MIB 17526.08 -365.83 -2.04
 Sweden: OMX Stockholm 364.02 2.10 0.58

-USA GDP Turns Negative in 4Q, -.1 %  Q/Q versus +1.1 % Expected

National Income and Product Accounts
Gross Domestic Product, 4th quarter and annual 2012 (advance estimate)
      Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 0.1 percent in the fourth quarter of 2012
(that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis.  In the third quarter, real GDP increased 3.1 percent.

      The Bureau emphasized that the fourth-quarter advance estimate released today is based on
source data that are incomplete or subject to further revision by the source agency (see the box on page 4
and the "Comparisons of Revisions to GDP" on page 5).  The "second" estimate for the fourth quarter,
based on more complete data, will be released on February 28, 2013.

      The decrease in real GDP in the fourth quarter primarily reflected negative contributions from
private inventory investment, federal government spending, and exports that were partly offset by
positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment,
and residential fixed investment.  Imports, which are a subtraction in the calculation of GDP, decreased.

	The downturn in real GDP in the fourth quarter primarily reflected downturns in private
inventory investment, in federal government spending, in exports, and in state and local government
spending that were partly offset by an upturn in nonresidential fixed investment, a larger decrease in
imports, and an acceleration in PCE.

      Final sales of computers added 0.15 percentage point to the fourth-quarter change in real GDP
after adding 0.11 percentage point to the third-quarter change.  Motor vehicle output added 0.04
percentage point to the fourth-quarter change in real GDP after subtracting 0.25 percentage point from
the third-quarter change.

      The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 1.3 percent in the fourth quarter, compared with an increase of 1.4 percent in the third.
Excluding food and energy prices, the price index for gross domestic purchases increased 1.1 percent in
the fourth quarter, compared with an increase of 1.2 percent in the third.

      Real personal consumption expenditures increased 2.2 percent in the fourth quarter, compared
with an increase of 1.6 percent in the third.  Durable goods increased 13.9 percent, compared with an
increase of 8.9 percent.  Nondurable goods increased 0.4 percent, compared with an increase of 1.2
percent.  Services increased 0.9 percent, compared with an increase of 0.6 percent.

      Real nonresidential fixed investment increased 8.4 percent in the fourth quarter, in contrast to a
decrease of 1.8 percent in the third.  Nonresidential structures decreased 1.1 percent; it was unchanged
in the third quarter.  Equipment and software increased 12.4 percent in the fourth quarter, in contrast to a
decrease of 2.6 percent in the third.  Real residential fixed investment increased 15.3 percent, compared
with an increase of 13.5 percent.

      Real exports of goods and services decreased 5.7 percent in the fourth quarter, in contrast to an
increase of 1.9 percent in the third.  Real imports of goods and services decreased 3.2 percent, compared
with a decrease of 0.6 percent.

      Real federal government consumption expenditures and gross investment decreased 15.0 percent
in the fourth quarter, in contrast to an increase of 9.5 percent in the third.  National defense decreased
22.2 percent, in contrast to an increase of 12.9 percent.  Nondefense increased 1.4 percent, compared
with an increase of 3.0 percent.  Real state and local government consumption expenditures and gross
investment decreased 0.7 percent, in contrast to an increase of 0.3 percent.

      The change in real private inventories subtracted 1.27 percentage points from the fourth-quarter
change in real GDP after adding 0.73 percentage point to the third-quarter change.  Private businesses
increased inventories $20.0 billion in the fourth quarter, following increases of $60.3 billion in the third
and $41.4 billion in the second.

      Real final sales of domestic product -- GDP less change in private inventories -- increased 1.1
percent in the fourth quarter, compared with an increase of 2.4 percent in the third.

Gross domestic purchases

      Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 0.1 percent in the fourth quarter, compared with an increase of 2.6 percent in the
third.

Disposition of personal income

      Current-dollar personal income increased $256.2 billion (7.9 percent) in the fourth quarter,
compared with an increase of $72.7 billion (2.2 percent) in the third.  The acceleration in personal
income primarily reflected a sharp acceleration in personal dividend income, an upturn in personal
interest income, and an acceleration in wage and salary disbursements.   The sharp acceleration in
personal dividend income reflected accelerated and special dividends that were paid by many companies
in the fourth quarter in anticipation of changes in individual income tax rates.  The upturn in personal
interest income primarily reflected an upturn in interest rates for Treasury Inflation Protected Securities.
The acceleration in wages and salaries reflected the pattern of monthly Bureau of Labor Statistics
employment, hours, and earnings data for the fourth quarter, as well as a judgmental estimate of
accelerated compensation in the form of bonus payments and other irregular pay in the fourth quarter.

      Personal current taxes increased $21.0 billion in the fourth quarter, compared with an increase of
$10.0 billion in the third.

      Disposable personal income increased $235.2 billion (8.1 percent) in the fourth quarter,
compared with an increase of $62.7 billion (2.1 percent) in the third.  Real disposable personal income
increased 6.8 percent, compared with an increase of 0.5 percent.

      Personal outlays increased $95.0 billion (3.3 percent) in the fourth quarter, compared with an
increase of $88.6 billion (3.1 percent) in the third.  Personal saving -- disposable personal income less
personal outlays -- was $570.0 billion in the fourth quarter, compared with $429.8 billion in the third.
The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.7
percent in the fourth quarter, compared with 3.6 percent in the third.  For a comparison of personal
saving in BEA’s national income and product accounts with personal saving in the Federal Reserve
Board’s flow of funds accounts and data on changes in net worth, go to
www.bea.gov/national/nipaweb/Nipa-Frb.asp.

Current-dollar GDP

      Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
0.5 percent, or $18.0 billion, in the fourth quarter to a level of $15,829.0 billion.  In the third quarter,
current-dollar GDP increased 5.9 percent, or $225.4 billion.

2012 GDP

	Real GDP increased 2.2 percent in 2012 (that is, from the 2011 annual level to the 2012 annual
level), compared with an increase of 1.8 percent in 2011.

      The increase in real GDP in 2012 primarily reflected positive contributions from personal
consumption expenditures (PCE), nonresidential fixed investment, exports, residential fixed investment,
and private inventory investment that were partly offset by negative contributions from federal
government spending and from state and local government spending. Imports, which are a subtraction in
the calculation of GDP, increased.

      The acceleration in real GDP in 2012 primarily reflected a deceleration in imports, upturns in
residential fixed investment and in private inventory investment, and smaller decreases in state and local
government spending and in federal government spending that were partly offset by decelerations in
PCE, exports, and nonresidential fixed investment.

      The price index for gross domestic purchases increased 1.7 percent in 2012, compared with an
increase of 2.5 percent in 2011.

      Current-dollar GDP increased 4.0 percent, or $600.3 billion, in 2012, compared with an increase
of 4.0 percent, or $576.8 billion, in 2011.

      During 2012 (that is, measured from the fourth quarter of 2011 to the fourth quarter of 2012) real
GDP increased 1.5 percent.  Real GDP increased 2.0 percent during 2011.  The price index for gross
domestic purchases increased 1.5 percent during 2012, compared with an increase of 2.5 percent during
2011.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

-Senate Majority Leader Reid (D-NV): Democrats will evaluate additional deferrals for short periods of the planned spending cuts (sequester); new delays would encompass new revenue and other spending cuts.

- ECB’s Asmussen (Germany) commented in the press that the: Euro Zone periphery remained challenged with weak economies and fiscal matters. Spain’s finances continued to be bogged down by an overburdened health system. Portugal’s development was also closely linked to the recovery of its neighbor Spain. The situation in Greece was still serious, despite it having run “two-thirds” of the race already.

- ECB’s Nowotny reiterates that the ECB view that Euro exchange rate was within normal long term range and its recent rise was due to an improved economic outlook. Real economy indicators like IFO showed upward trend. He saw no deleveraging in Central Eastern Europe (CEE) from Austrian banks.

- ECB’s Noyer: French bank proposal is well balanced

- Spain PM Rajoy commented that changing deficit targets would send the wrong message and would present package of stimulus measures “shortly”

- Germany could be willing to ease opposition to bailout for Cyprus following pressure from the ECB.  Press

- Germany CDU’s Meister: No decision yet on Cyprus

- Cyprus President Christofias: Received assurances from Russia that it would be ready to help with bailout.

- Hungary PM Orban: IMF turns down Hungary’s request for precautionary credit line

- German opposition SPD leader Steinbrueck: No coalition with left party. German Press

- South Africa Minerals Min stated that it would not nationalize any assets and was committed to attracting investments. Must ensure enough coal for both local and overseas markets

- India Central Bank (RBI) Gov Subbarao: Reiterates view that future interest rate cuts to be driven by both inflationary trajectory and current account deficit.

- Egypt opposition said to have called for urgent meeting with President in bid to end violence. 

- EUR/USD: The reversal in Euro carry trade has weighed on commodity currencies – FT

-  Russia President Putin said to have spoken with Cyprus President

-  Greece Fin Min Stournaras: 100% certian that 2013 will be Greece’s last year in recession, towards Q4 there will start to be a recovery  Would welcome a reduction of the level of debt – but there are many ways to achieve that.- Greek press;

- Portugal casinos to suspend paying taxes after decline in Revenues

-Sources close to the ECB have said that Spanish banks have repaid €44B (out of €137B total repaid) in LTRO last Friday- El Pais

- Catalonia region formally requests €9.07B from Spain govt liquidity fund -wires

- PIMCO’s El-Erian believes that the UK should remain in the EU – DT

-Europe Session- Economic Release Summary

(CH) Swiss Dec UBS Consumption Indicator: 1.34 v 1.23 prior
(ES) Spain Q4 Preliminary GDP Q/Q: -0.7% v -0.6%e; Y/Y: -1.8% v -1.7%e
(CH) Swiss Jan KOF Swiss Leading Indicator: 1.05 v 1.20e
(EU) ECB: €4M borrowed in overnight loan facility vs. €526.0M prior; €208.1B parked in deposit facility vs. €211.8B prior
(AT) Austria Dec Producer Price Index M/M: -0.4 v -0.3% prior; Y/Y: No est v 0.4% prior
(SE) Sweden Jan Consumer Confidence: -2.9 v -8.8e; Economic Tendency Survey: 89.4 v 91.0e; Manufacturing Confidence: -18 v -14e
(SE) Sweden Nov Non-Manual Workers Wages Y/Y: 2.8% v 2.7% prior
(IT) Italy Jan Business Confidence: 88.2 v 89.5e; Economic Sentiment: 79.9 v 75.4 prior
(NO) Norway Nov AKU Unemployment Rate: 3.5% v 3.2%e
(IC) Iceland Q4 Unemployment Rate: 4.7% v 5.0% prior
(UK) Dec Net Consumer Credit: £0.6Bv £0.2Be; Net Lending Sec. on Dwellings: £1.0B v £0.5Be
(UK) Dec Mortgage Approvals: 55.8K v 54.5Ke; highest since Jan 2012
(UK) Dec M4 Money Supply M/M: % v -0.2% prior; Y/Y: % v -2.8% prior; M4 Ex IOFCs 3M Annualized: % v 3.4%e
(EU) Euro Zone Jan Business Climate Indicator: -1.09 v -1.00e; Consumer Confidence: -23.9 v -23.9e; Economic Confidence: 89.2 v 88.2e; Industrial Confidence: -13.9 v -13.5e; Services Confidence: -8.8 v -9.0e
(PT) Portugal Jan Consumer Confidence: -58.7 v -59.8 prior; Economic Climate Indicator: -4.3 v -4.4 prior
(BR) Brazil Jan FGV Inflation IGP-M (M/M: 0.3% v 0.3%e; Y/Y: 7.9% v 7.9%e
(BE) Belgium Jan CPI M/M: 0.0% v 0.0% prior; Y/Y: 1.5% v 2.2% prior

(ZA) South Africa Dec M3 Money Supply Y/Y: 5.2% v 6.2%e; Private Sector Credit Y/Y: 10.1% v  9.7%e

-0816 Europe

Country: Index Last Change % Chg
Europe Dow 1783.45 2.00 0.11
Stoxx Europe 50 2661.70 -10.24 -0.38
Stoxx Europe 600 289.37 -0.93 -0.32
Euro Stoxx 50 2741.93 -7.34 -0.27
Euro Stoxx 271.85 -1.02 -0.37
Austria: ATX Index 2458.66 -1.99 -0.08
Belgium: Bel-20 2568.26 -3.72 -0.14
Denmark: OMX Copenhagen 20 540.00 0.51 0.09
Estonia: OMX Tallinn 771.97 1.93 0.25
Finland: OMX Helsinki 6156.15 29.38 0.48
France: CAC 40 3779.60 -6.22 -0.16
Germany: DAX 7832.35 -16.22 -0.21
Greece: Athens General 998.63 -6.65 -0.66
Greece: DJ Greece TSM 755.92 -3.56 -0.47
Greece: FTSE/ATHEX 20 336.33 -2.05 -0.61
Iceland: OMX Iceland All-Share 745.96 3.79 0.51
Ireland: ISEQ Overall 3547.98 -8.03 -0.23
Italy: FTSE MIB 17509.49 -382.42 -2.14
Latvia: OMX Riga 400.90 -0.47 -0.12
Lithuania: OMX Vilnius 375.41 -1.09 -0.29
Netherlands: AEX 357.81 -0.27 -0.08
Norway: OSE All-Share 516.06 -0.07 -0.01
Portugal: PSI 20 6258.47 -21.06 -0.34
Russia: DJ Russia Titans 6657.38 0.95 0.01
Spain: IBEX 35 8609.60 -33.40 -0.39
Sweden: OMX Stockholm 363.74 1.82 0.50
Switzerland: Swiss Market 7395.97 -62.06 -0.83
UK: FTSE 100 6335.88 -3.31 -0.05
UK: FTSE 250 13047.57 -59.99 -0.46
UK: FTSE AIM All-Share 735.81 -1.17 -0.16

-Boeing Co.BA -0.47% said Wednesday its fourth-quarter profit fell 30% to $978 million, or $1.28 a share, from $1.39 billion, or $1.84 a share, in the year-ago period. The airplane maker’s adjusted profit dipped to $1.46 a share from $1.92 a share. Revenue rose 14% to $22.3 billion. Wall Street analysts expected the company to earn $1.19 a share on revenue of $22.3 billion, according to a survey by FactSet. Looking ahead, Boeing said its adjusted 2013 profit estimate of $6.10 to $6.30 a share assumes “no significant financial impact” from a move on Jan. 16 by the Federal Aviation Administration to ground the 787 Dreamliner pending a probe of its battery. While production continues on the 787, the company said it’s suspending deliveries until clearance is granted by the FAA. “Our first order of business for 2013 is to resolve the battery issue on the 787 and return the airplanes safely to service with our customers,” the company said. Boeing shares rose 1% in premarket trades.

-ECB — The euro area bank lending survey, January 2013

ECB says banks reported pronounced tightening of credit standards due to new regulations and capital requirements.

http://www.ecb.int/stats/pdf/blssurvey_201301.pdf?288b0fe0fa7f921fa2bc948df5ed79fa …

-Bank of Italy says bank lending to companies less restrictive in Q4 2012 and lending to households slightly higher

-Brussel Sprouts and Mushrooms

EU’s Van Rompuy sees signs that the worst is behind and the Euro is an irreversible project..

EU’s Barroso says the economy is starting to climb out of recession

Greek Finmin says he sees recovery

Rofl..where?

-The Bank of Italy under former Governor Mario Draghi spotted accounting irregularities that allowed Banca Monte dei Paschi di Siena SpA to mask losses more than two years before the lender was forced to say it will have to restate profit.In 2010, “a problem came to light” on Monte Paschi’s booking of a structured deal called Santorini, Italy’s Rome- based central bank said in a report dated Jan. 28. The Bank of Italy alerted “other authorities” a year later and talks with those regulators, which it didn’t identify, haven’t concluded. It didn’t explain the delay in forcing the bank to disclose the information…..“I would have expected the Bank of Italy to have requested transparency from Monte Paschi back in 2010 after reviewing the transactions,” said Carlo Alberto Carnevale-Maffe, professor of business strategy at Milan’s Bocconi University. “Hidden documents found recently wouldn’t have changed the substance of the original findings.”..

BBN

-350 Eni -4.5%, Saipem–Europe’s biggest oil contractor–still halted, could shed ~40% at open after guidance cut, Barclays slashing price target. Y/D 91.31

-Brussels softens line on bank ringfences -Barnier says Liikanen findings must not undermine growth. FT

-European stock markets traded close to flat in early action on Wednesday, as investors remained cautious ahead of a keenly watched announcement from the U.S. Federal Reserve and U.S. growth data. The Stoxx Europe 600 index lost 0.1% to 289.91. Shares of Imperial Tobacco Group PLC dropped 3.2% after a profit warning, while shares of fashion retailer Hennes & Mauritz A slumped 3% after reporting a drop in full-year profit. Shares of Roche Holding AG  were 1.6% lower on the back of the company’s 2012 earnings report. Among country-specific indexes, the FTSE 100 index gave up 0.1% to 6,334.19, while France’s CAC 40 index  was slightly lower around 3,783.67. Germany’s DAX 30 index traded marginally higher at 7,850.13. MW

0330 Europe
Country: Index Last Change % Chg
Europe Dow 1785.66 4.21 0.24
Stoxx Europe 50 2663.05 -8.89 -0.33
Stoxx Europe 600 289.84 -0.46 -0.16
Euro Stoxx 50 2746.99 -2.28 -0.08
Euro Stoxx 272.71 -0.16 -0.06
Austria: ATX Index 2453.78 -6.87 -0.28
Belgium: Bel-20 2574.90 2.92 0.11
Denmark: OMX Copenhagen 20 539.68 0.19 0.04
Estonia: OMX Tallinn 769.40 -0.64 -0.08
Finland: OMX Helsinki 6153.94 27.16 0.44
France: CAC 40 3783.76 -2.06 -0.05
Germany: DAX 7850.56 1.99 0.03
Greece: Athens General* 1005.28 -8.51 -0.84
Greece: DJ Greece TSM 760.45 0.97 0.13
Greece: FTSE/ATHEX 20* 338.38 -2.67 -0.78
Iceland: OMX Iceland All-Share* 742.17 0.92 0.12
Ireland: ISEQ Overall 3557.92 1.91 0.05
Italy: FTSE MIB 17849.31 -42.60 -0.24
Latvia: OMX Riga 400.67 -0.70 -0.17
Lithuania: OMX Vilnius 376.57 0.08 0.02
Netherlands: AEX 358.08 0.00 0.00
Norway: OSE All-Share 515.54 -0.59 -0.11
Portugal: PSI 20* 6279.53 -3.02 -0.05
Russia: DJ Russia Titans 6685.82 29.39 0.44
Spain: IBEX 35 8664.70 21.70 0.25
Sweden: OMX Stockholm 362.84 0.93 0.26
Switzerland: Swiss Market 7428.34 -29.69 -0.40
UK: FTSE 100 6333.58 -5.61 -0.09
UK: FTSE 250 13107.06 -0.50 0.00
UK: FTSE AIM All-Share 738.03 1.05 0.14

-”No real solution for the euro crisis yet..The competitiveness crisis continues to deepen in Southern Europe. Because of the euro, it becomes too expensive for these countries to compete and as such they will have a long-lasting recession that will take at least a decade. Spain, Greece and Portugal compared to the average of the eurozone will need to be cheaper by about 30 percent to become competitive again, and even France’s prices need to fall by 20 percent.”

Hans-Werner Sinn, a German economist and President of the Ifo Institute for Economic Research

Source: Frankfurter Allgemeine Zeitung

-MONTE PASCHI €0.2648 -1.01%

-SPAIN 4Q GDP SHRINKS 0.7% VS ECONOMIST FORECAST OF -0.6%

Spanish GDP (Q4 ) Y/Y -1.8% vs. Exp. -1.7% (Prev. -1.6%)

El INE empeora la caída del PIB en el cuarto trimestre al 0,7% La economía española cae un 1,8% en tasa interanual http://ow.ly/hfCfF 

El Pais

-308 Asia Close

Country: Index Last Change % Chg
Asia Dow 3037.58 12.34 0.41
DJ Asia-Pacific TSM 1357.24 8.25 0.61
Australia: All Ordinaries* 4919.10 8.30 0.17
Australia: S&P/ASX* 4896.70 7.70 0.16
China: DJ CBN China 600* 22193.10 111.33 0.50
China: DJ Shanghai* 303.15 1.38 0.46
China: Shanghai Composite* 2382.47 23.50 1.00
China: Shenzhen Composite* 942.60 1.32 0.14
China: Shanghai 50* 1989.32 6.69 0.34
Hong Kong: Hang Seng 23832.75 177.58 0.75
India: BSE Sensex 19998.02 7.12 0.04
India: S&P CNX Nifty 6054.30 4.40 0.07
Indonesia: JSX Index 4439.95 0.92 0.02
Indonesia: JSX BISNIS 27 382.44 -0.08 -0.02
Indonesia: JSX Islamic 606.69 -1.91 -0.31
Indonesia: JSX LQ-45 758.11 0.46 0.06
Indonesia: PEFINDO-25 478.42 0.99 0.21
Indonesia: SRI-KEHATI 239.54 -0.52 -0.22
Japan: DJ Japan TSM* 582.11 8.49 1.48
Japan: Nikkei Average* 11113.95 247.23 2.28
Japan: TOPIX Index* 934.67 13.91 1.51
Malaysia: DJ Malaysia TSM 3028.63 -19.20 -0.63
Malaysia: FTSE Bursa Malaysia KLCI 1628.58 -8.76 -0.54
New Zealand: NZX 50* 4247.55 47.26 1.13
S. Korea: KOSPI* 1964.43 8.47 0.43
S. Korea: KOSPI 50* 1692.41 9.01 0.54
S. Korea: KOSPI 100* 1961.30 9.77 0.50
S. Korea: KOSPI 200 Composite* 258.47 1.25 0.49
Singapore: FTSE Straits Times 3281.45 21.70 0.67
Taiwan: TAIEX* 7832.98 30.98 0.40
Thailand: SET 1486.70 7.93 0.54

-300  Europe Opens flat

FTSE 100 index flat at 6,334.44

German DAX 30 index flat at 7,854.36

Stoxx Europe 600 index flat at 290.21

French CAC 40 index flat at 3,786.14

Bonds

German 10y 1.72+0.03, -1.59%
Italy 10yr 4.12-0.01, 0.13%
Spain 10yr 4.93-0.00, 0.02%

-0200 Asia

Asian markets were broadly higher on Wednesday.

Japanese markets surged on the as the Y/D surged to near 91, aided by comments from PM Abe, and JCER’s Iwata calling for the BOJ to double its balance sheet , and better than expected y/y retail sales which rose .4 pc. Japan’s Nikkei Average closed up  2.3% up at 11,113.95 with the Y/D at 90.92. The Nikkei closed above 11000 for the first time since August 2011. Earnings optimism, especially for exporters,  gave the Japanese market an extra boost on Wednesday, as Yahoo Japan Corp. surged 17.1% after updating its fiscal-year earnings forecast to a 10%-11% gain year-on-year amid growing online-advertising revenue, and announcing that it would buy back shares. Telecoms also saw earnings-related buying in Tokyo, with Softbank Corp.  improving by 3.6% after the Nikkei reported that the wireless carrier is expected to post a 10% gain for its April-December operating profit, helped by sales of Apple Inc.’s   iPhone. Rival KDDI Corp.  — which also sells the iPhone, and which already posted a 40% rise in its October-December operating profit late Monday — saw its shares advance another 3.1% on Wednesday. Also among the wireless carriers, NTT DoCoMo Inc.  traded up 1%, even as a separate Nikkei report tipped a 9% lower nine-month operating profit for the firm. Central Japan Railway Co.   jumped 6.6% after reporting a 49% rise in nine-month net profit, while fellow rail operator Keisei Electric Railway Co. rose 1.9%.

The Shanghai Composite put on .60 % and was moving up into the close (The Shanghai composite closed  up 1.0 pc ),  and the Hang Seng  was up .72 %, despite Beijing being gripped with smog where 20 million people were warned to stay indoors by the goverment. Expectations are high that Bernanke will continue his reflation efforts along with the Abe’s new government in Japan. A US government panel approved the purchase by China’s biggest auto parts maker, Wanxiang Group, of nearly all the assets of bankrupt A123 Systems Inc, the advanced battery maker, specializing in LI battery technology.Mainland-based firms will be supported if they choose to list on Taiwan’s stock market, the Chinese mainland securities regulator said Tuesday. Tong Daochi, director of overseas affairs at the China Securities Regulatory Commission (CSRC), made the remarks at a press conference after the first meeting of the cross-Straits financial supervisory platform for securities.

Australia’s Prime Minister Julia Gillard surprised the country by announcing that the next general election will be held on Sept. 14. Australian Prime Minister Julia Gillard is scheduled to give remarks today where she says the strong Aussie dollar is beyond the control of the government. Gillard is also expected to pressure the Reserve Bank of Australia to pare interest rates. The ASX closed up .16 5 . Australia saw major miners advance, with Rio Tinto Ltd. up 1.5%, and BHP Billiton Ltd.   higher by 1.2%. The NZX was up 1.13 pc.

In South Korean trading, Samsung Electronics Inc.  climbed 2.1%, while rival chip maker SK Hynix Inc. rose 1% after reporting a swing to quarterly profit, thanks to rising chip demand after the release of new smartphones and other devices. The Kospi closed up .43  % buoyed by stronger than expected economic indicators.

Gold and sliver barely nudged up, while WTI remained elevated at $97.5 due to middle east war tensions, which were  exacerbated by the exposure of the Syrian False Flag to frame Russia and Assad planned by Quatar/UK/USA that made the Daily Mail.

Economic Release Summary

(AU) AUSTRALIA DEC DEWR INTERNET SKILLED VACANCIES M/M: -2.8% V -3.4% PRIOR
(JP) JAPAN DEC RETAIL TRADE M/M: 0.1% V 0.4%E; Y/Y: 0.4% V 0.3%E; LARGE RETAILERS’ SALES: 0.0% V -1.0%E
(KR) SOUTH KOREA DEC CYCLICAL LEADING INDEX CHANGE Y/Y: 0.4% V 0.3% PRIOR
(KR) SOUTH KOREA DEC CURRENT ACCOUNT: $2.3B V $6.9B PRIOR; GOODS BALANCE: $2.0B V $6.8B PRIOR
(NZ) NEW ZEALAND DEC BUILDING PERMITS M/M: 9.4% V 6.0%E (first rise in three months; 9-month high)

Country: Index Last Change % Chg
Asia Dow 3040.26 15.02 0.50
DJ Asia-Pacific TSM 1358.80 9.81 0.73
Australia: All Ordinaries* 4919.10 8.30 0.17
Australia: S&P/ASX* 4896.70 7.70 0.16
China: DJ CBN China 600 22187.11 105.34 0.48
China: DJ Shanghai 303.20 1.43 0.47
China: Shanghai Composite 2373.15 14.17 0.60
China: Shenzhen Composite 940.79 -0.48 -0.05
China: Shanghai 50 1981.45 -1.18 -0.06
Hong Kong: Hang Seng 23824.87 169.70 0.72
India: BSE Sensex 19971.05 -19.85 -0.10
India: S&P CNX Nifty 6045.00 -4.90 -0.08
Indonesia: JSX Index 4444.41 5.38 0.12
Indonesia: JSX BISNIS 27 382.81 0.29 0.08
Indonesia: JSX Islamic 607.14 -1.46 -0.24
Indonesia: JSX LQ-45 758.87 1.22 0.16
Indonesia: PEFINDO-25 478.07 0.65 0.14
Indonesia: SRI-KEHATI 239.82 -0.23 -0.10
Japan: DJ Japan TSM* 582.23 8.61 1.50
Japan: Nikkei Average* 11113.95 247.23 2.28
Japan: TOPIX Index* 934.67 13.91 1.51
Malaysia: DJ Malaysia TSM 3024.29 -23.54 -0.77
Malaysia: FTSE Bursa Malaysia KLCI 1625.56 -11.78 -0.72
New Zealand: NZX 50* 4247.55 47.26 1.13
S. Korea: KOSPI* 1964.43 8.47 0.43
S. Korea: KOSPI 50* 1692.41 9.01 0.54
S. Korea: KOSPI 100* 1961.30 9.77 0.50
S. Korea: KOSPI 200 Composite* 258.47 1.25 0.49
Singapore: FTSE Straits Times 3278.95 19.20 0.59
Taiwan: TAIEX* 7832.98 30.98 0.40
Thailand: SET 1486.15 7.38 0.50
Gold 1668.35 +5.65 +0.34%
Silver 31.415 +0.231 +0.74%
Copper 3.702 +0.014 +0.39%
Crude Oil 97.56 -0.01 -0.02%
Natural Gas 3.280 +0.024 +0.72%
US Cotton No.2 82.73 +0.30 +0.37%
US Coffee C 149.75 +0.30 +0.20%
EUR/USD 1.3492 -0.0001 -0.00%
GBP/USD 1.5754 -0.0009 -0.06%
USD/JPY 90.92 +0.20 +0.22%
USD/CHF 0.9217 +0.0003 +0.03%
AUD/USD 1.0471 -0.0004 -0.03%
USD/CAD 1.0020 +0.0010 +0.10%
EUR/GBP 0.8564 +0.0006 +0.08%

Bonds

Japan 10yr 0.79+0.01, – 0.83%

U.S. 10yr 2.00-0.00, 0.09%

CDS

Price Change %Change
AUT CDS 5-YR 44.405 -0.04 -0.09%
BEL CDS 5-YR 74.375 -0.125 -0.17%
CHN CDS 5-YR 173.57 19.34 12.54%
DEN CDS 5Y 31.07 0.07 0.23%
DUBAI CDS 5Y 215.91 UNCH 0%
EGY CDS 5Y 481.14 UNCH 0%
FIN CDS 5YR 29.50 0.11 0.37%
FRANCE CDS 5YR 86.095 0.14 0.16%
GER CDS 5YR 41.50 -0.11 -0.26%
GRE CDS 5YR 4443.3999 21.20 0.48%
HUN CDS 5YR 284.655 1.345 0.47%
INA CDS 5-YR 139.50 -1.115 -0.79%
IRE CDS 5Y 191.05 -0.52 -0.27%
ITA CDS 5YR 243.18 0.765 0.32%
JPN CDS 5YR 75.00 UNCH 0%
KOR CDS 5YR 67.00 -0.23 -0.34%
NED CDS 5YR 50.37 -0.085 -0.17%
PAN CDS 5-YR 92.00 -1.09 -1.17%
POR CDS 5-YR 391.125 -0.62 -0.16%
SVK CDS 5YR 95.00 UNCH 0%
ESP CDS 5YR 259.90 0.57 0.22%
SWE CDS 5-YR 18.57 0.07 0.38%
SUI CDS 5Y 39.27 0.26 0.67%
UK CDS 5Y 48.64 0.37 0.77%
US CDS 5Y 41.71 -0.635 -1.50%

 - Fitch: May cut US sovereign rating if there is no consensus on debt ceiling issue .Expecting a “pick-up” in peripheral EU.(bizarre)

-Japan PM Abe: Plans to boost wages, maintain long-term rates from rising through flexible macro economic policies and fiscal reform.

-Japan Center for Economic Research (JCER) president Iwata: Suggest BoJ should double assets to achieve 2% inflation target – financial press interview

- New Zealand Finmin English: New Zealand is making progress towards budget surplus for 2015

-Twitter said Monday that just 19 percent of federal and state government requests for user data were accompanied by probable-cause search warrants during the six months ending in December 2012.In all, the San Francisco-based micro-blogging service, in its second so-called transparency report, said there were 815 demands for Twitter account-holder data. Twitter did not say what type of user data was sought in those 815 requests, but it likely includes a mixture of e-mail addresses associated with accounts, IP logs, tweets and direct messages.Twitter did not say what data it hands over. But it said it demanded a probable-cause warrant for tweets and direct messages — although the courts don’t always see it that way.The disclosure came a week after Google and Yahoo told Wired that it requires probable-cause warrants to divulge to the authorities e-mail and cloud-stored content of its account holders, despite federal law not always demanding that.Twitter said it complied with subpoenas, court orders and probable-cause search warrants 69 percent of the time in the latest reporting period.Previously, Twitter reported that it complied with 75 percent of the 679 demands in the first half of 2012. In that original transparency report, Twitter did not chronicle what legal tools the government used to acquire user data. Wired.

-Geopolitical Headliners

News www.antiwar.com
Updated January 30, 2013 – 12:15 AM EST
French in Mali May Drive Islamists Into Libya
In Recaptured City in Mali, Islamists Hunted Down
Looters Target Arab, Algerian-Owned Shops in Timbuktu
Pentagon Prepares for Defense Cuts
Hagel Wants Nuke Cuts, Then Elimination
Who Agrees With Chuck Hagel on Ending Nukes?
First Ever: Israel Boycotts Its UN Rights Review
Hamas Leader Mashaal ‘Interested’ in Leading PLO
Israel Forced Birth Control on Ethiopian Women Without Consent
State Dept: Iran Space Monkey ‘Serious Concern’
Space Monkey Launch Does Not Pose Military Threat, Say Experts
UN Watchdog, US Back Iran’s Denial of Nuclear Site Blast
81 Slain Syrians Pulled From River
Gitmo Judge Criticizes Censorship of Tribunal
Egypt Army Chief Warns State Could Collapse
Court: ‘Terrifying Acts of Brutality’ by UK Troops in Iraq
US-Backed Guatemala Dictator to Face Charges of Genocide
Viewpoints
Is America Training Too Many Foreign Armies?  by John Norris
American and Iranian Apes on a Treadmill  by Paul Pillar
Pentagon’s ‘Cyber-Security’ Ain’t About Defense  by Glenn Greenwald
Mali: Here We Go Again by Sheldon Richman
Iran’s Fordow Nuclear Site ‘Explosion’  by Zachary Keck
A US-China Entente in Afghanistan by M.K. Bhadrakumar

-Beijing warned the city’s 20 million people to prepare for at least another day of smog, and officials closed some factories and ordered government cars off the road as pollution remained at hazardous levels.Visibility was reduced to a few hundred yards in downtown Beijing and an online merchant reported “overwhelming” interest in face masks yesterday. A U.S. Embassy pollution monitor showed that air quality reached hazardous levels for the 19th in 25 days.

-Apple Inc. (AAPL)’s $1.05 billion damages award against Samsung Electronics Co. (005930)from its patent- infringement trial in San Jose, California, was left intact after a judge denied Apple’s bid to increase the award.U.S. District Judge Lucy Koh in San Jose yesterday declined to increase the award after she found Samsung’s infringement wasn’t willful. The ruling was one of many post-trial decisions Koh issued yesterday denying both companies’ bids for a new trial and leaving largely untouched the jury’s finding in August that Samsung infringed six mobile-device patents. BBN

-Kinder Morgan Energy Partners LP (KMP.N) said it plans to buy Copano Energy LLC (CPNO.O) for an equity value of about $3.22 billion, a deal that will broaden the company’s oil and gas pipeline assets in Texas and Oklahoma.Based on an exchange ratio of .4563 Kinder Morgan units, Copano shareholders will receive $40.91 per share, which is a 23.5 percent premium to Copano’s close on Tuesday.Shares of Houston-based Kinder Morgan Energy closed at $89.66 on Tuesday on the New York Stock Exchange.Including assumption of debt, the total deal value is about $5 billion. Reuters.

-After Hours Summary USA

RYL: Reports Q4 $0.56 v $0.50e, R$440M v $399Me: +3.4% afterhours
BRCM: Reports Q4 $0.76 v $0.74e, R$2.08B v $2.07Be: -1.1% afterhours
 AMZN: Reports Q4 $0.21 v $0.28e, R$21.27B v $22.3Be: +8.9% afterhours

-John Kerry’s nomination as President Barack Obama’s new secretary of state sailed through the U.S. Senate, as his fellow senators voted overwhelmingly to confirm him to replace Hillary Clinton as the country’s top diplomat. Wires.

-Welcome back to a busy data day. Highlight- USA 4Q Preliminary GDP and the FMOC Statement. A double whammy day in the USA.

-Meditation for the Day. Prince Charles is not found of this scripture.

Isaiah 14:12-22

King James Version (KJV)

12 How art thou fallen from heaven, O Lucifer, son of the morning! how art thou cut down to the ground, which didst weaken the nations!

13 For thou hast said in thine heart, I will ascend into heaven, I will exalt my throne above the stars of God: I will sit also upon the mount of the congregation, in the sides of the north:

14 I will ascend above the heights of the clouds; I will be like the most High.

15 Yet thou shalt be brought down to hell, to the sides of the pit.

16 They that see thee shall narrowly look upon thee, and consider thee, saying, Is this the man that made the earth to tremble, that did shake kingdoms;

17 That made the world as a wilderness, and destroyed the cities thereof; that opened not the house of his prisoners?

 

-Calendar

Time Cur. Imp. Event Actual Forecast Previous
Wednesday, January 30
02:00   CHF     Consumption Indicator 1.23
03:00   EUR     Spanish GDP (QoQ) -0.6% -0.3%
03:00   CHF     KOF Leading Indicators 1.16 1.28
04:00   EUR     Italian Business Confidence 89.5 88.9
04:00   NOK     Norwegian Unemployment Rate 3.20% 3.20%
04:10   EUR     Retail PMI 44.50
04:30   GBP     BOE Consumer Credit 0.20B 0.10B
04:30   GBP     M4 Money Supply (MoM) 0.2% -0.2%
04:30   GBP     Mortgage Approvals 55K 54K
04:30   GBP     Mortgage Lending 0.50B -0.20B
04:30   GBP     Net Lending to Individuals 0.9B -0.1B
05:00   EUR     Business and Consumer Survey 88.2 87.0
05:00   EUR     Consumer Confidence -24.0 -26.5
05:10   EUR     Italian 10-Year BTP Auction 4.48%
05:10   EUR     Italian 5-Year BTP Auction 3.26%
05:30   EUR     German 30-Year Bund Auction 2.340%
07:00   USD     MBA Mortgage Applications (WoW) 7.0%
07:30   BRL     Brazil Debt-to-GDP ratio 35.1% 35.0%
08:15   USD     ADP Nonfarm Employment Change 165K 215K
08:30   USD     GDP (QoQ) 1.1% 3.1%
08:30   USD     GDP Price Index (QoQ) 1.5% 2.7%
09:30   BRL     Brazilian Foreign Exchange Flows -1.31B
10:30   USD     Crude Oil Inventories 2.583M 2.813M
10:30   USD     Gasoline Inventories -0.108M -1.738M
13:00   USD     7-Year Note Auction 1.233%
14:15   USD     FOMC Statement
14:15   USD     Interest Rate Decision 0.25% 0.25%
15:00   NZD     Interest Rate Decision 2.50% 2.50%
15:00   NZD     RBNZ Rate Statement
18:00   KRW     South Korean Service Sector Output (MoM) 0.80%
18:15   JPY     Manufacturing PMI 45.0
18:50   JPY     Industrial Production (MoM) 4.5% -1.4%
19:00   AUD     HIA New Home Sales (MoM) 4.7%
19:01   GBP     GfK Consumer Confidence -29 -29
19:30   AUD     Import Price Index (QoQ) 0.5% -2.4%
19:30   AUD     Private Sector Credit (MoM) 0.2% 0.0%
20:30   JPY     Average Cash Earnings (YoY) 1.1% -0.8%
21:00   SGD     Singaporean Bank Landing (MoM) 481.70B
21:00   SGD     Singaporean Unemployment Rate 2.0% 1.9%
22:45   JPY     2-Year JGB Auction 0.094%

===================================================

NEWSLINKS

-Fiat Scraps Dividend After Forecasting European Slump

http://www.bloomberg.com/news/2013-01-30/fiat-s-marchionne-says-europe-losses-narrowed-in-fourth-quarter.html

-IBM AI Security Tools monitors employees and labels them as ‘disgruntled’

http://blogs.wsj.com/cio/2013/01/29/ibm-security-tool-can-flag-disgruntled-employees/?Mod=WSJ_blogs_mostpop_read

-The Real Euro Crisis is just starting. -London

http://www.marketwatch.com/story/the-real-euro-crisis-is-just-starting-2013-01-30?link=MW_popular

-European Cloud over Ford

http://www.nytimes.com/2013/01/30/business/north-american-results-bolster-ford-earnings.html?ref=business

-Gold Seen by Polymetal Climbing to Record Above $2,000

http://www.bloomberg.com/news/2013-01-30/gold-seen-by-polymetal-trading-at-1-700-1-800-in-2013.html

-Hagel Pledges Focus on Iran Military Options at Pentagon

http://www.bloomberg.com/news/2013-01-30/hagel-pledges-focus-on-iran-military-options-at-pentagon.html

-Chavez’s 681% Returns Mean Socialism Buoys Goldman: Andes Credit

http://www.bloomberg.com/news/2013-01-30/chavez-s-681-bond-returns-buoy-goldman-andes-credit-correct-.html

-Deep spending cuts are likely, lawmakers say, with no deal on sequester in sight

http://www.washingtonpost.com/politics/deep-spending-cuts-are-likely-lawmakers-say-with-no-deal-on-sequester-in-sight/2013/01/29/286d4f94-6a1f-11e2-ada3-d86a4806d5ee_story.html?wprss=rss_homepage

-Pall of Legacy Assets Hangs over EU Banks/EU

http://www.reuters.com/article/2013/01/30/us-eurozone-crisis-legacy-idUSBRE90T0LK20130130

-Spain’s Recession Deepens

http://www.bloomberg.com/news/2013-01-30/spain-recession-deepens-more-than-forecast-amid-austerity.html

-Euro Confidence up on ESM Rigging markets

http://www.bloomberg.com/news/2013-01-30/euro-area-economic-confidence-rises-more-than-estimated.html

-USA Economy Shrinks as defense Spending Shrinks

http://www.bloomberg.com/news/2013-01-30/economy-in-u-s-unexpectedly-shrinks-as-defense-spending-plunges.html

-U.S. economy shrinks in fourth quarter

http://www.marketwatch.com/story/us-economy-shrinks-in-fourth-quarter-2013-01-30?link=MW_latest_news

-Obummer Threatens GOP- To Give Illegals Free Ride

http://www.guardian.co.uk/world/2013/jan/29/obama-immigration-reform-republicans

-US Trained Mali Rebels, Commander Visited US

http://www.veteranstoday.com/2013/01/29/us-trained-mali-rebels-commander-visited-us/

-B787 Battery Had Problems before Latest Failure -NYT

http://www.nytimes.com/2013/01/30/business/boeing-aware-of-battery-ills-before-the-fires.html?hp&_r=0

-Draghi’s Bank of Italy Knew of Monte Paschi Missteps in 2010

http://bloom.bg/14qV0pf

-Battling Big Oil: How Four Nigerian Villagers Took Shell to Court

http://www.spiegel.de/international/business/nigerian-farmers-take-on-shell-in-a-dutch-court-a-880159.html

-Swiss Banks Lose Old Taste for Gold

http://www.cnbc.com/id/100417100

-JPMorgan Bet Against Itself in ‘Whale’ Trade

http://www.cnbc.com/id/100418362

-France defends ‘solvent’ economy after minister says country ‘totally bankrupt’

http://on.rt.com/dw25k3

-Dell Founder Said to Seek Majority Control Using Personal Funds

http://www.bloomberg.com/news/2013-01-30/dell-founder-said-to-seek-majority-control-using-personal-funds.html

-Housing emerges as economic bright spot after years in the dark

http://www.washingtonpost.com/business/economy/housing-emerges-as-economic-bright-spot-after-years-in-the-dark/2013/01/28/68c4b

-Government Appetite Growing for Twitter User Data

http://www.wired.com/threatlevel/2013/01/twitter-data-warrants/

-Selfish, ignorant, dangerous: Europe’s anger over Cameron speech

Comments interesting.

http://uk.reuters.com/article/2013/01/23/uk-britain-europe-reaction-idUKBRE90M0N620130123

-Could Scottish, Catalan independence votes reshape Europe?

http://uk.reuters.com/article/2013/01/29/uk-europe-politics-independence-idUKBRE90S0J320130129

-China Rural-Income Gains Aid Shift Toward Consumption

http://www.bloomberg.com/news/2013-01-29/china-rural-income-gains-aid-shift-toward-consumption.html

-Amazon Rises After Reporting Higher Sales, North American Margin

Weird headline, they missed on revenue and EPS and the shares went down after the release. Maybe the conf. call went better?

http://www.bloomberg.com/news/2013-01-29/amazon-revenue-rises-22-percent-amid-record-holiday-spending.html

-Residents Told to Stay Inside Again, Smog Covers Beijing

http://www.bloomberg.com/news/2013-01-29/beijing-recommends-residents-stay-indoors-as-pollution-serious-.html

-Japan Boost Defense Spending for first time in 11 Year

http://www.bloomberg.com/news/2013-01-29/japan-s-defense-spending-to-increase-for-first-time-in-11-years.html

-In big push for Hagel, no leading from behind from White House

http://www.reuters.com/article/2013/01/30/us-usa-obama-nominations-hagel-idUSBRE90T07B20130130

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