Eden Rock Capital Management Llp: Market Commentary - January 2010

(Reuters) - Visa Inc's quarterly profit rose by 40 percent, and the earth's largest payment processor said it would introduce a new fee structure for U.S. merchants.





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"There aren't any indications that the U.S. economy is visiting recession. I'm fairly bullish as business is fairly valued," Peter Dunay, your time and money strategist at Leeb Capital Management in New York, told Bloomberg.

Visa Leader Joseph Saunders, in a celebration call with analysts, said the payment processor would introduce a network participation fee throughout the country for each its debit, credit and prepaid card services.

There work just like market moving economic releases today, but Kansas City Fed President Hoenig will speaking at 11:45 AM ET. His remarks should draw lots of attention as Mr. Hoenig has been the one known dissenter at prior FOMC gatherings.

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