Category Archive: Finance
Growing Number Of Companies Complain About Inability To Find Workers: So Why Is Wage Growth So Low?
Since 2010, the highest year-over-year wage increase in any month for production and nonsupervisory employees is near 2.6%. For a two-year stretch between summer of 2011 and summer of 2013 wage increases less than 2% were the norm. Yet, firms complain about labor costs while simultaneously complaining about the lack of workers. Bloomberg reports Firms Under Pressure as […]
Chinese GDP Beats With 6.9% – AUD/USD Not Taking Advantage
The world’s second-largest economy enjoyed solid economic growth at an annualized level of 6.9%, better than 6.8% expected. In addition, industrial output increased by 7.6%, much better than 6.5% expected. Australia exports metals to China, metals which are used in industry and in housing. In theory, the good news should help the Australian dollar. AUD/USD […]
Would You Keep Lending To A Friend Who Proves To Have No Plan To Repay?
It was almost exactly 10 years ago that then Citibank boss, Chuck Prince, unintentionally highlighted the approach of the subprime crisis with his comment that: ‘We are not scared. We are not panicked. We are not rattled. Our team has been through this before.’ We are ’still dancing’.” On Friday JP Morgan’s CEO, Jamie Dimon, provided a new […]
Sensex Opens Marginally Up; Wipro Gains Over 3.3%
Asian equities are trading mixed today as investors awaited the release of China’s second-quarter GDP. Hong Kong’s Hang Seng surged over 95 points. China’s Shanghai Composite which is trading at 3,182 has slipped 40 points. The US markets ended the week on a high note. The Dow and S&P 500 hit record highs on Friday after weak economic data dulled prospects of […]
Stocks Watchlist: NOW, NXST, CMCSA
Today’s stock picks Long ServiceNow (NOW) Long Nexstar Media Group (NXST) Short Comcast (CMCSA)
Euro Waits For Draghi As ECB To Keep Rates Unchanged
Fundamental Forecast for EUR/USD: Neutral – The ECB meets this week, but it is an off-cycle meeting for staff projections, so no change in policy is expected. ECB President Draghi’s press conference is in the spotlight. – Profit taking in the Euro is possible if the ECB takes issue with the rally in the exchange rate and […]
Above The 40 – S&P 500 Hits All-time High Alongside Historic Volatility
AT40 = 63.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.5% of stocks are trading above their respective 200DMAsVIX = 9.5 (volatility index) (since 1990, only TWO days have been lower, both in December, 1993!)Short-term Trading Call: cautiously bullish Commentary The volatility index, the VIX, closed at a near record low on Friday, […]
India’s Forex Reserves At An All-Time High: Is That A Good Thing?
by The Indian Economist — this post authored by Indroneel Das India has been a part of global news lately, for all the right reasons. India has evolved from being just another ‘developing nation’ to an emerging global power. While this implies political, military and economic connotations, let us focus on the latter. Very recently, India’s […]
China GDP, Econ Beat Across The Board But Stocks Fall Hard At The Open
There’s nothing like a deluge of China econ to start your week. Here are the numbers, just out: CHINA 2Q GDP GROWS 6.9% Y/Y; EST. 6.8% CHINA 2Q GDP GROWS 1.7% Q/Q; EST. 1.7% CHINA JUNE INDUSTRIAL OUTPUT RISES 7.6% Y/Y; EST. 6.5% FAI 8.6% H1; EST. 8.5% CHINA JUNE RETAIL SALES RISE 11.0% Y/Y; […]
5 Stocks To Watch This Week – NFLX, BAC, IBM, V, EBAY
Netflix (NFLX) Consumer Discretionary – Internet Retail | Reports July 17, after the close. The Estimize consensus calls for EPS of $0.18, tWO cents higher than the Wall Street consensus, with revenues in-line at $2.76B. What to watch: Even more so than earnings and revenue actuals, it’s number of subscribers that Netflix investors care about […]
