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Airline stocks have been losing ground throughout 2011 but many appear to be striking a balance in terms of compensating for the higher overhead caused by a rise in jet fuel prices.

The Italian Parliament definitely cleared on Wednesday a 54-billion-euro emergency budget plan aimed at balancing public finances by 2013 to shield the country from the risk of a debt crisis.

On this Budget We feel the revenue estimates, at best can be considered hopeful. Looking at the precarious economic condition and a high current account deficit, Reports sugget a lot of issues remained unaddressed during the Budget session. As far as the foreign investor's perspective is concerned, The Finance Minister has taken a positive step forward in terms of foreign direct investment (FDI) and the economic openings under his leadership have also been quite encouraging. "We are also going to see the fisc balanced in a very nice way, with an imperative as well in acceleration of divestment of some of the public sector assets of the country and that's going to drive efficiency and productivity. So, I am quite bullish on this Budget... Read Full Report here- http://www.sharetips-capitalvia.com/budget-highlights-for-financial-year-2013-14/

The financial sector got a boost on Monday as relief regarding the minimal damage from Irene helped insurers make 10-plus percent gains for the day. Bank of America was shot up on the new that they would shed half their holdings in Chinese Bank CCB in order to improve their balance sheet.

Indian benchmark indices ended higher in response the balanced budget presented by the Finance Minister. Sensex was up 141.4 points or 0.5% at 29361.5, while Nifty was up 57.3 points or 0.6% at 8901.9. US stocks closed mixed, with stocks near recent highs, as concerns about oil prices and a worse-than-expected initial jobless claims figure weighed on investor sentiment. DJIA was down 81.7 points or -0.4% at 18132.7.

International package delivery service, FedEx, reduced its yearly earnings projection today, leading the transportation sector lower on claims of a sluggish economy with few signs of picking up.

Discount retailers have been making a comeback in 2011 but the most recent earnings reports and speculation indicate that there could be more progress yet.

Unidentified factors may be artificially and temporarily pushing the market higher. If confirmed, then the market is moving higher only on non-structural events not tied to economically strong underpinnings.

Shares of Pepsi, Kennametal and Energy Transfer Partners seemed to have lost more ground than they deserve alongside the broader exit from equities and hiccups within their own business. At these levels, they look like strong buys again.