Oil prices show 9pc increase in Dec

Oil prices showed an increased of nine percent in December while gas prices decreased by four percent. US crude stocks remained 34 billion barrel. Crude oil prices in the US went up to $91.91 or an increase of over one percent per barrel due to the increased demand and reduced stockpile.

Car Sales Surge By 42 Percent In July

TrendPK.com

Car Sales Surge By 42 Percent In July:Overall sale in February 2010 showed a 73 per cent rise to 9,449 units as compared to 5,462 units in same month last year.
However, as compared to January when 10,514 units were sold, sale of cars in February plunged by 10 [...]

India’s Jan Oil Product Sales Down 1.6 Percent

TrendPK.com India’s Jan Oil Product Sales Down 1.6 Percent:India’s domestic oil product sales fell 1.6 percent in January, dropping for the first time since May, as natural gas replaced liquid fuel and the growth in automotive fuels slowed down, official data showed on Wednesday.
India’s crude oil imports, excluding Reliance [...]

Eurozone Inflation Rises To 1 Percent In January

TrendPK.com Eurozone Inflation Rises To 1 Percent In January:Consumer prices in the 16 countries that use the euro rose by 1 percent in the year to January, official figures showed Friday  a further sign that inflationary pressures in the eurozone remain relatively benign.
In its preliminary estimate, the EU statistics [...]

Investment Choices Seen Tougher in 2010

NEW YORK:  Investment choices will become tougher in 2010, after the easy money reaped across most asset classes this year, as weak credit availability and a high jobless rate temper U.S. economic growth, said moneymanagers at the Reuters Investment Summit in New York.

Without a meaningful pick-up in bank lending, businesses will be hard-pressed to grow at rates typical of a post-recession environment, analysts said.”The concern we have is whether or not people have money to spend, ormoney to borrow,” said Max Darnell, chief investment officer of investment firm First Quadrant.Without improvedaccess to credit, a double-dip recession is possible, said Darnell, whose fund manages nearly $18 billion.Growth inreal gross domestic product in 2010 will likely be 3 percent or slightly higher, because the “velocity” of money, orbank lending, remains low, Bob Doll, vice chairman and chief investment officer of global equities at BlackRock Inc,the world’s largest investment firm, said.

Growth of 5 percent or slightly higher is more typical coming off a recession low.

Also clouding the investment climate, lingering high unemployment and sluggish wage growth are likely to keep a chillon consumer spending, which traditionally is the engine for U.S. growth.As the U.S. equity market enters a phasedriven by fundamental earnings growth, Doll said potential deflation trumps other worries.”We’re past the point wherethe market goes up faster than earnings. … The earnings phase is bumpier, and growth isn’t quite as good,” he said. Poll said the broad-based S&P 500 index could reach 1,200 to 1,300 points in 2010, against Tuesday’s close of 1,091points, helped by companies’ continued efforts to contain costs.The S&P 500 index is up about 64 percent from lowshit in March during the height of the recession and financial panic, as risk aversion has receded.

“We do see a significant amount of upside, but that’s without a whole lot of top-line growth. Corporate America hasshown through productivity and cost-cutting an amazing operating-leverage capability,” Doll said.The U.S. economyexpanded at a 2.8 percent annual rate in the third quarter, snapping four straight quarters of decline.But even afterthe unemployment rate declined unexpectedly in November and job losses were much smaller than expected, thereare concerns that the economy faces a bumpy road.Shawn Kravetz, president of Boston hedge fund EsplanadeCapital LLC, said the economy is not on a glide path higher given continued constraints on consumer spending.

“The consumer has had a stay of execution but there’s still a lot of hard labor yet to come,” he said.
FED ON HOLD FOR NOW

Most strategists agreed that with unemployment high and inflation low, the Federal Reserve would not raise interest rates from current rock-bottom levels, at least for the first half of 2010.Financial markets brought forward the likelytiming of a first Fed move after Friday’s dramatic November payrolls report, to the third quarter of 2010.But KennethVolpert, head of the taxable bond group at giant fund manager Vanguard Group, said the Fed could be on hold for allof 2010.

“We see fairly weak real final demand, which we think is going to lead to a jobless recovery for a prolonged period,”he said, adding that real jobs growth could be five years in the making.Doll said that although the U.S. was the bestpick for investors among the developed world, the higher savings rate and the absence of the “debt noose” madeemerging markets a more favorable investment story for now.”Thank goodness we’ve got the developing world.

Because otherwise, Planet Earth wouldn’t be growing much at all,” he said.

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Investment Choices Seen Tougher in 2010 was first posted on December 9, 2009 at 5:51 pm.

Sale of Petroleum Products Increases by 16 Percent

Sale of Petroleum Products Increases by 16 Percent, During the first five months of current fiscal year, sale of petroleum products reached to 84 lac ton with an increase of 16 percent.
According to data, from July to November, sale of furnace oil was increased by 16 percent and sale of petrol increased by 39 percent. Purchase of fuel for thermal power plants has been increased this year due to energy crisis. Petroleum products sale has been decreased by 13 percent on monthly bases while it has increased on annual bases.

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Sale of Petroleum Products Increases by 16 Percent was first posted on December 9, 2009 at 8:14 pm.

Sale of Petroleum Products Increases by 16 Percent

Sale of Petroleum Products Increases by 16 Percent, During the first five months of current fiscal year, sale of petroleum products reached to 84 lac ton with an increase of 16 percent.
According to data, from July to November, sale of furnace oil was increased by 16 percent and sale of petrol increased by 39 percent. Purchase of fuel for thermal power plants has been increased this year due to energy crisis. Petroleum products sale has been decreased by 13 percent on monthly bases while it has increased on annual bases.

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Sale of Petroleum Products Increases by 16 Percent was first posted on December 9, 2009 at 8:14 pm.