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A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO

A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO

As Saudi Arabia’s deputy crown prince pushes his nation’s Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman’s estimate “unrealistic and mind blowing.”   Since deputy crown prince Mohammed bin […]
Gold Touches Two-Week Low Following French Election

Gold Touches Two-Week Low Following French Election

Gold prices dipped to a two-week low on Monday after results from the French presidential elections abated investor appetite for the precious metal. Major stock markets around the globe and the euro rallied, while the dollar fell to a new five-month low. Increasing interest in riskier assets may undermine demand for gold. Yesterday’s gap dragged […]
3 IPOs To Watch For This Week

3 IPOs To Watch For This Week

The last week of April is scheduled to see eight different companies go public, and Zacks has you covered with three unique IPO offerings to watch out for. The wide-ranging list of companies set to go public this week will help contribute to an already booming 2017 for the IPO world. Since Jan. 1, 36 IPOs have […]
ECB April Preview – No Changes Expected As Inflation Remains Tame

ECB April Preview – No Changes Expected As Inflation Remains Tame

Summary: ECB meets in the backdrop of the French elections No changes to monetary policy are expected at this week’s meeting ECB officials maintain that current policy is appropriate Only concrete signs of an increase in inflation will see an appropriate policy response from ECB officials The European Central Bank will be meeting this week […]
Nifty Touches Its All-Time High; Telecom Stocks Witness Buying

Nifty Touches Its All-Time High; Telecom Stocks Witness Buying

After opening the day on a positive note, Indian share markets have continued their momentum and are presently trading in the green. Sectoral indices are trading on a positive note with stocks in the telecom sector and energy sector leading the gains. The BSE Sensex is trading up 193 points (up 0.7%) and the NSE Nifty is trading up 58 points (up 0.6%). The BSE Mid […]
Trade Wars Begin: Trump Announces 20% Tariff On Canadian Softwood Lumber Imports

Trade Wars Begin: Trump Announces 20% Tariff On Canadian Softwood Lumber Imports

Speaking during a first of its kind meeting dedicated only to members of the U.S. conservative media, including Breitbart News, OANN and Daily Caller, President Trump told reporters to expect a 20% tariff on softwood lumber coming into Canada. “We’re going to be putting a 20 per cent tax on softwood lumber coming in — tariff on […]
Canadian Dollar Dives On Trump Timber Tax Reports

Canadian Dollar Dives On Trump Timber Tax Reports

The Trump administration seemed to have a cuddly relation with Canada while bashing Mexico on trade. This has probably changed. According to reports, the Trump administration is set to announce a retroactive tax on lumber. President Donald Trump said that Canada treated the US unfairly and took advantage. He recently complained about the mistreatment of Wisconsin’s dairy […]
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                        USD Index Trading In The Final Stages Of A Correction

E USD Index Trading In The Final Stages Of A Correction

On the 4h chart of USD Index we have seen a deep decline over the past few months, which is seen as a corrective move, but still unfolding after that gap down to 99.10. An updated structure and recent activity suggests that downward movement is underway in wave C) of four and is looking for […]
EUR Breaks Higher To Open Week With Largest Gap Open On Record

EUR Breaks Higher To Open Week With Largest Gap Open On Record

Video length: 00:32:05 Most attention on Monday was placed squarely and appropriately on European Assets. The DAX has broken to all-time highs and has traded more than 400 points or 3.3% higher. Additionally, German Bund prices on the front end have dropped aggressively sending the yield up 11.9%. The higher yield aligned with EUR/USD pushing higher as […]
Sensex Opens Strong; Nifty At All Time High

Sensex Opens Strong; Nifty At All Time High

Asian stock markets are higher in today’s trade buoyed by Wall Street gains as well as relief that North Korea did not conduct another missile test to mark a military anniversary. The Shanghai Composite is up 0.32% while the Hang Seng is up 0.93%. The Nikkei 225 is up by 0.84%. Stock markets in Europe and US finished on a strong note […]