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Morning Call For Friday, November 24

Morning Call For Friday, November 24

OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.26%) this morning are up +0.24% at a new record nearest-futures high and European stocks are up +0.77% at a 1-1/2 week high on optimism in the global economic outlook after the German Nov IFO business climate unexpectedly rose to a record high. Strength in energy stocks is […]
Higher Oil Prices Slowing Saudi Reform?

Higher Oil Prices Slowing Saudi Reform?

In October, the IMF released a report projecting that by 2020 Saudi Arabia may get a budget boost of more than $90 billion from new taxes and the planned reform of fuel subsidies and prices. This fiscal boost is expected to come as a result of the Kingdom’s efforts to restructure its economy,  away from oil to […]
Rail Week Ending 18 November 2017: Economically Intuitive Sectors Improved

Rail Week Ending 18 November 2017: Economically Intuitive Sectors Improved

Week 46 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion and the rolling average growth rate was statistically unchanged. Analyst Opinion of the Rail Data We review this data set to understand the […]
Why Investors Should Not Touch General Electric Stock

Why Investors Should Not Touch General Electric Stock

General Electric stock is down more than 40% year to date and is at a six-year low. Meanwhile, the Dow Jones industrial average stock market index has returned about 19% so far this year. Not surprisingly GE is the worst performing Dow component in 2017. The stock has been in free fall recently because it’s earnings […]
S&P Futures Hit Record High As European Euphoria Takes Over Forgotten China Rout

S&P Futures Hit Record High As European Euphoria Takes Over Forgotten China Rout

Yesterday’s China stock market rout, in which the Shanghai Composite tumbled the most since June 2016 to three month lows, and which prompted traders to question the dedication of Beijing’s plunge protection team, appears to have been forgotten, with the Composite closing unchanged on Friday after some early session weakness, as Chinese yields declined broadly across the board […]
Australia’s Housing Market Over 4 Times Size Of Economy, US Is Under 2

Australia’s Housing Market Over 4 Times Size Of Economy, US Is Under 2

Congratulations to Australia for having the biggest housing market relative to the size of its economy. BusinessWeek notes the value of the Australia’s homes has ballooned to A$7.3 trillion ($5.6 trillion) — or more than four times gross domestic product. Not even the U.S. and U.K. markets achieved such heights at their peaks a decade ago […]
There Is Still A Phillips Curve In The USA Too

There Is Still A Phillips Curve In The USA Too

Has the Phillips curve vanished? There is widespread discussion of the possibility that the Phillips curve has become horizontal. I am old enough to remember when all serious economists agreed that, in the long run, it is vertical. The reason for the thought that it might be horizontal is that large important countries have unemployment […]
Sensex Ends Day In Green; Consumer Durables Stocks Top Gainers

Sensex Ends Day In Green; Consumer Durables Stocks Top Gainers

After opening the day in green, share markets in India witnessed buying activity throughout the day and ended the day on a positive note. Gains were seen across most sectors with stocks in the consumer durables sector and stocks in the IT sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 91 points (up 0.3%) and the NSE Nifty closed […]
Gold – Friday, November 24

Gold – Friday, November 24

Rounding bottom pattern with 1,308 being the trigger. Source: INVESTING.com
The Currency Majors Are Consolidating

The Currency Majors Are Consolidating

Yesterday’s trades on the main currency pairs were fairly calm. The financial markets of the US and Japan were closed due to the holidays. The US currency remains under pressure after the publication of the FOMC protocols. Some Fed’s representatives are concerned about the low level of inflation in the country. The Central Bank plans […]