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Morning Rage 8.14.2012

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Hong Kong snaps two days of losses with a 1.1% gain today as investors venture back into Chinese bank
stocks with each of the Big Four banks seen at least a 1% gain on the day. China Mobile had its best day
in two months, adding 2.2%, putting it at its highest since August 27 of 2008. Its shares are up 22% so far
this year and the company is set to report earnings Thursday. Utilities rose with Power Assets and Hong
Kong and China gas both adding 1.2%.

Europe is on the rise today as low figures give way for hopes of new stimulus. The FTSEurofirst is up .4%
as GDP data shows a .2% decrease in the second quarter compared to the first and a .4% decrease
compared to a year earlier. The Eurozone bank index was up .8% today and has jumped 25% since
Draghi’s comments on doing whatever it takes to preserve the Euro. Banco Santander, Unicredit and
Natixis are up 1.4, 1.2 and .9% respectively.

Greece sells 4.063B 13-week treasury bills to yield 4.43%.

A Ford subsidiary in India recalls 130K vehicles for a manufacturers defect in models from 2008-10.

Commodities are set with gold, silver, crude and natural gas all trading up this morning.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu

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Doherty at the Close 8.13.2012

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European markets ended similar to the US, if not slightly lower, with the Stoxx Europe down -0.4%. In other european news, Greece is reported to have contracted 6.2% in the second quarter and is expected to lose near 7% of its GDP year over year.

In corporate news, Sears (SHLD) gained 5.72% after Barron’s reported that their proposed asset sales could boost the company’s share price after faltering in national prominence over the last decade. Google also gained 2.81% after they announced that they will be buying the Frommer’s travel guide brand from John Wiley & Sons (JWB) and will be cutting employees to reduce Motorola’s Mobility’s workforce to 20%, or nearly 4,000 jobs.

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Morning Rage 8.13.2012

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The Hang Seng fell for a second session in a row dropping .3% today. Tencent Holdings lost 1.9%, but
is still up over 45% this year. Citi analysts agree with their performance stating that Tencent should
be “resilient” to the slowdown in China. Yanzhou Coal lost 5.2% today after a downgrade to sell from
neutral by Goldman Sachs. The property sector was down yet again today as Citic lost 7.3% however
Haitong added 4.4%.

Europe is just slightly down at the moment with the FTSEurofirst off .1% today with very low trading
at 11% of its 90-day daily average. Investors are appearing unsure of where to put their money at the
moment in Europe.

BAC agrees to sell Merrill Lynch’s private bank outside the US to Switzerland’s Julius Baer for 1.47B Swiss
Francs. BAC needs a strong cash position to meet Basel III requirements.

At the moment commodities are showing crude +.70%, natural gas +1.05%, gold +.25% and silver the
only downer -.12%.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu