Daily Forex Analysis

SAN FRANCISCO (MarketWatch) — Alaska Gov. Sarah Palin announced in a televised statement that she would be stepping down, handing the office over to Lt. Gov. Sean Parnell. Palin was the running mate to 2008 Republican presidential candidate John McCain.
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LONDON (MarketWatch) — The state-run China Investment Corp. is going to take a C$1.7 billion ($1.5 billion) stake in Teck Cominco , a deal that will give it a 17% equity stake with 6.7% voting interest in the Vancouver miner, according to a statement released Friday. The miner said the deal will have […]

LONDON (MarketWatch) — Tesco said Friday that 22 out of 23 resolutions were passed by shareholders at its annual general meeting, Dow Jones Newswires reported. The vote was close on resolution 21 with 57% voting in favor of the supermarket group changing the rules of its 2004 share option plan, the news service said. […]

LONDON (MarketWatch) — British Airways , Europe’s third-largest transatlantic airline, on Friday said June passenger traffic measured in revenue passenger kilometers fell by 3.8% compared to the same period last year. Non-premiun traffic declined 1.3% while premium traffic slumped 14.9%. Load factor, a measure of how full an airline’s jets are, fell 1.8 percentage points […]

LONDON (MarketWatch) — General Motors has received a non-binding approach from China’s Beijing Automotive (BAIC) for its European Adam Opel unit. The company is also in discussions with Belgian industrial holding company RHJ, a spokeswoman said Friday. GM has already signed a memorandum of understanding over the possible sale of a majority stake in […]

LONDON (MarketWatch) — Ryanair Holdings , Europe’s largest low-cost airline, on Friday said it carried a record 5.8 million passengers in June, up 13% from the same month last year. The airline said the June figured smashed its previous traffic record of 5.7 million passengers last August. Load factor, a measure of how full […]

LONDON (MarketWatch) — Steelmaker Rautaruukki said it’s going to cut shifts at its Norway plant for shipbuilding and windmill towers in a move that will result in 137 job losses. The move will result in a 1.2 million euro restructuring plant.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they […]

G10 Advancers and Decliners vs USD
JPY
0.103
EUR
-0.098
CHF
-0.178
GBP
-0.272
NFP’s disappoint by showing a -467K decline in payrolls, 100K more than the consensus. This underlines the vast layoffs from the GM and Chrysler debacle and the continuing difficulty to revive the economy. The EURUSD dropped from it’s high 1.41’s as low as 1.3930 before rebounding. While the pair broke […]

LONDON (MarketWatch) — Rolls-Royce said it’s won an order worth $470 million at list prices to provide its Trent engines for seven Airbus A330s from Turkish Airlines.
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Original post by Forextvblog

LONDON (MarketWatch) — Insurer Friends Provident said Friday that it had received court approval to hand its stake in F&C Asset Management direct to shareholders. Shares in the group rose as much as 10% Friday, when taking account of the value of F&C shares distributed to shareholders. Under the terms of the deal, […]