Category Archive: Finance
SocGen Asks: ‘Will Euro Strength Kill The Eurozone Profit Recovery?’
Ok, well one thing we’ve been pounding the table on for a week is the extent to which excessive (whatever “excessive” means in this context) euro strength will undercut the bull thesis for European stocks. This dynamic was on display on Friday and then again Monday morning, as a soaring single currency added to the […]
UBS Downgrades Goldman On Slump In Trading Revenues
The knives are out early this morning among the brokers, where UBS – hardly the embodiment of banking and sales and trading health these days – just downgraded Goldman Sachs to Neutral, cutting its price target from $250 to $235, on the recent disappointing results from the company’s FICC group. UBS said it believes the […]
Dollar Dimmed By WH Drama
The US Dollar Index is trading close to a 13-month through as political turmoil in the US had led to diminished expectations that Donald Trump will be able to push through the various agendas that he had campaigned for in his bid to become the US President. Friday’s resignation of Sean Spicer, the spokesman for […]
Stanley Black & Decker (SWK) Posts Upbeat Q2 Earnings, Sales
Stanley Black & Decker Inc. (SWK – Free Report) is a leading global manufacturer of branded tools and engineered solutions for professional, industrial and consumer applications. Also, the company provides integrated access and security solutions to commercial, institutional and residential customers. This New Britain, CT-based company has a $22.5 billion market capitalization. However, Stanley Black & Decker’s exposure […]
The BOJ Is Telling Us To Buy Japanese Equities. Should You Listen?
At WisdomTree, we track a very interesting weekly statistic reported by Japan’s Ministry of Finance (MOF)—the net flows from foreign investors into Japan’s equity market.1 As of June 16, 2017, approximately $2.7 billion had gone INTO Japan’s equities for the 2017 year-to-date period. That compares to $155 billion in 2013, $22.5 billion in 2014, $3.5 […]
Hasbro, Inc. 2Q 2017, Halliburton Company 2Q 2017 Earnings Reported
Hasbro 2Q 2017 earnings and Halliburton 2Q 2017 earnings were released before opening bell this morning. Hasbro posted net earnings of 53 cents per share on $972.5 million in sales. Wall Street had been looking for 45 cents per share and $974.2 million in revenue. In last year’s second quarter, the toymaker reported 41 cents […]
FX Markets Turn To UK & US GDP Data, FOMC Rate Decision
Consumer price inflation is expected to have reached +2.2% in the second quarter of 2017, up from a prior reading of +2.1%, according to market estimates, and at the lower end of the central bank’s +2-3% target range (y/y). The RBA’s target is defined as a medium-term average to allow for any unseen circumstances and for lags in […]
Market Insights – With Nour Al-Hammoury
In this week’s market update, we take a look at the latest trends of the US Dollar Index, which tumbled below 95 and closed the week below that support for the first time this year; we explain the reasons behind such move, speculating the possible scenarios ahead. As well, we will focus on the ECB […]
Forex Week In Review – Monday, July 24
Last week was a mixed affair for the world’s major markets. In Europe over the course of the week, the FTSE was up on last week’s close by 1% at 7452.9; the Dax ended at 12240, down by 3.1% on last week’s close; the CAC was down by 2.3% to end the session at 5117.7. […]
Oil Bounces Off Lows, Spikes On Saudi ‘Deep Cut’ Headline
Ok, so the headlines are coming in from the OPEC, non-OPEC monitoring committee meeting in St. Petersburg, where ministers are convening to chat about market conditions. And although not a whole lot is expected, crude is of course prone to sharp moves on headlines. Sure enough, this (out moments ago) seems to be having an […]
