M&A, Area Play Driving Resource Stocks
September 24, 2010 at 13:30 PM EDT
From the September 2010 HRA Journal David Coffin & Eric Coffin, HRA Advisories The US unemployment numbers that came out on the day before last summer long weekend were less bad than expected. Or so the markets indicated until ISM manufacturing data in the afternoon cooled enthusiasm some. It had been good Australian and Chinese manufacturing data that turned market sentiment earlier in the week. Arguably the most interesting bit of news had been 100 km long traffic halts in China of coal trucks trying to make deliveries to power plants. More infrastructure gains are obviously needed to keep China growing. Augusts’ chagrin was about some sovereign debt that was excluded from the Euro-zone stress tests, but that has… . . . → Full Story: M&A, Area Play Driving Resource Stocks