The equities markets are still moving nearly in a side way waiting for the Fed's interest rate decision tomorrow and it's economic assessment which is widely awaited by the market to know more about the Fed's new stimulation package plans which affected negatively on the greenback value in the recent few weeks across the broad since the Fed's reference to it in its recent meeting which weighed negatively on the greenback which was already hurt by slowing down in growth and now by the market waiting for further liquidity to come to the market by the fed in a second round of its quantitive easing plan to stimulate the economy after easing back in the second half of this year buying more Mortgage backed securities and rolling over it’s holdings of treasury securities as they mature before the deterioration can have further negative impacts on the consuming and capital spending...

The British pound after finding support again below 1.575, it could easily join the single currency creeping up this time versus the greenback today as the weights  are still getting off it since the BOE decision to keep its stimulating buying bonds plan as it is at just 200B Stg and the minutes announcement of it which have shown 3 split ways in the MPC which refer to that there is no a close action from it can threat British pound by easing currently specially after Q3 GDP preliminary reading which surprised the market by coming up quarterly by .8% while it was widely expected to be just .4% lightening the pressure on the BOE to ease and giving it a chance to wait like the markets for the Fed to take its waited QE decision next month by God's will.

Entegris Reports Strong Third Quarter Results

Quarterly Sales of $178 million Marks Sixth Consecutive Quarter of Growth;
Non-GAAP EPS of $0.18; Cash from Operations Exceeds $45 Million;
Adjusted Operating Margin Reaches 18 Percent

Entegris, Inc. (Nasdaq: ENTG) today reported its financial results for the Company's third quarter ended October 2, 2010.

The Company recorded third-quarter sales of $178.2 million, an increase of 61 percent over the prior year, and 6 percent sequentially. Net income was $22.4 million, or $0.17 per diluted share. These results included amortization of intangible assets of $2.8 million.

Non-GAAP earnings per share of $0.18 in the third quarter of 2010 compared to a loss per share of $0.02 in the third quarter a year ago and earnings per diluted share of $0.16 in the second quarter of 2010. A reconciliation table of GAAP to non-GAAP earnings (loss) per share is contained in this press release.

The market sentiment has been changed today again contained by the market optimism about the Chinese economy despite PBOC yesterday tightening action to stave off borrowing cooling down its overheating economy. The greenback has been pushed down again across the broad and the single currency could have another supporting from Merkel's comments about an exit of the stimulus program. 

The US equities markets are still getting benefits from this awaited new stimulation package which is expected to be announced when the FOMAC meets next month, by god's will which could actually weaken the greenback value across the broad since the Fed's reference to it in its recent meeting to fight the deflation emerging pressure in US helping the stocks prices which are waited for the economic growth to be pushed up by these new easing measures which is not expected to have an exit soon with no expected inflation pressure as the Fed's repeated recently and as we have seen last Friday the U.S. consumer prices of September rising up by just 0.1 percent and its core unchanged for the second month monthly.