Author Archive: Jeremy Parkinson
EC Is A Rate Hike Certain After ADP’s Strong US Employment Report?
There are no guarantees when predicting Federal Reserve monetary policy decisions. But yesterday’s surprisingly strong increase in US private payrolls in February by ADP’s reckoning gives the hawks a potent new data point to make the case for squeezing monetary policy at next week’s FOMC meeting. A quick review of Wednesday’s news: the crowd was looking for […]
USD/JPY Higher After Upbeat Labor Data
The USD/JPY struck a 3-week peak and the greenback is poised to record a 4th consecutive day of gains after ADP data released yesterday beat all expectations. Often viewed as a “gauge” for Friday’s critical non-farms labor report, yesterday’s release showed that 298,000 new private sector jobs were added to the US economy, against expectations […]
Crude Plunges Below $49, Dragging Markets Lower; All Eyes On Draghi
While traders will be focused on the ECB, and Mario Draghi, early Thursday, it is unlikely that the European central bank will announce anything overly dramatic (see preview in a subsequent post), and instead the attention will be on the ECB’s inflation forecast for hints of when the ECB may accelerate tapering after its December […]
Pre-ECB Squaring Lifts Euro In A Strong USD Context
The euro tested the lower of its range near $1.05 in Asia before short covering in Europe lifted back toward yesterday’s highs near $1.0575. However, buoyed by the upside surprise in the ADP estimate of private sector jobs growth, the dollar is firmer against most other currencies today. The US 10-year yield is up 20 bp […]
Sensex Closes Flat Ahead Of Exit Polls; Maruti Suzuki Finishes Strong
Share markets in India remained subdued in the afternoon session and finished flat as caution prevailed ahead of UP state elections. At the closing bell, the BSE Sensex stood higher by 27 points, while the NSE Nifty finished up by 3 points. Currently, the NIFTY-50 is trading at a price to earnings ratio of 23.2 times. The valuations look very […]
Intro Guide To The Russell Global Equity S Fund (RGESX)
Russell Global Equity S (RGESX – Free Report) a Zacks Rank #2 (Buy) invests principally in equity securities, including common stocks and preferred stocks, of companies economically tied to a number of countries around the world, including the U.S., and in depository receipts, in a globally diversified manner. This Global – Equity fund, as of the last […]
AkzoNobel Rejects Unsolicited Takeover Proposal From PPG Industries
AkzoNobel (AKZOY) said overnight that it rejected an “unsolicited, non-binding and conditional proposal” from PPG Industries (PPG) for all of the issued and outstanding ordinary shares in the capital of AkzoNobel. PPG’s proposal “substantially undervalues AkzoNobel and is not in the interest of its stakeholders, including its shareholders, customers and employees,” the company said. AkzoNobel […]
February NFP Preview: All Signs Point Up For U.S. Jobs
U.S. nonfarm payrolls are expected to rise 195,000 in February, according to a median estimate of economists polled by Bloomberg. However, recent data suggest even bigger gains may be on the way. On Wednesday, payrolls processor ADP Inc. said U.S. private sector employers added 298,000 workers last month, exceeding analysts’ estimate by more than 100,000. It […]
EUR/USD: The Euro Has Fallen On The Back Of A Rise In Us Bond Yields
Previous: On Wednesday, trading on the euro closed down. During trading in New York, the euro fell to 1.0535 as the release of statistics in the US fell kindly in the dollar. The number of new private sector jobs in February exceeded expectations. The previous figure was revised and upgraded. The euro subsequently bounced up […]
Is Big Brother Watching? There’s An ETF For That
WikiLeaks is at it again—this time pulling back the curtain on how the CIA conducts much of its spy business. If you‘ve been afraid that Big Brother has been watching you, then these latest revelations will do nothing to ease your concerns. The spy business is big business, and now more than ever its technologically-driven […]
