Category Archive: Finance, No picture
Unemployment Falls To 49-Year Low: 5 Business Services Picks
In September, the unemployment rate declined to its lowest level in nearly 49 years. However, job additions came in significantly below expectations, even though the broader employment picture remained robust. Further, even though September’s numbers missed targets, the figures for July and August were revised upward. Also, the labor force participation rate remained unchanged. Meanwhile, […]
Pound Lower Despite Brexit Hopes
The Pound Sterling lost momentum on Monday despite word that the British government is close to having a deal in place by next month. Wary FX traders are still assessing all possible outcomes of the Brexit negotiations and decided to book profits which pushed the Pound lower. At the same time, the greenback remains in […]
Beijing Eases Policy, Yuan Slides Towards 10-Year Low
On Sunday, the Bank of China cut the level of cash that banks must hold as reserves. The Yuan continued its slide. Reuters reports China Set to Reopen After Beijing Eases Policy. Shares in Asia stumbled in early trade on Monday as investors waited with bated breath as China’s markets prepare to reopen following a week-long […]
E Markets: Indigenous
Columbus Day holiday in the US, Thanksgiving in Canada, Sports Day in Japan and Indigenous Peoples day throughout the Americas. US stocks are open, US bonds are closed and FX remains the 24/7 focus. There is a bittersweet reflection in the discovery of the Americas by Columbus as many see him as the start of […]
With Investors Bracing For 75% Dividend Cut, Barclays Upgrades GE To Overweight
Barclays analyst Julian Mitchell upgraded General Electric (GE) to Overweight from Equal Weigh with an unchanged price target of $16. The analyst says that while he does not yet know the magnitude of the 2018 guidance cuts, his talks with investors suggest they are braced for earnings per share of 75c for 2018, free cash […]
Energy Report: Wavering
Oil Prices are wavering as reports surface that the U.S. is still considering waivers to some countries so that they can buy oil from Iran without the fear of retribution from the United States. This comes as global stock markets look shaky as rising yields and concerns around Italy and other emerging markets are sending […]
Morning Call For Monday, Oct. 8
Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.20%) this morning are down -0.29% and European stocks are down -0.83% at a 3-week low as Italian bank stocks slumped and government bond yields soared after the European Commission rejected the Italian government’s plan for a wider budget deficit. The yield on Italy’s 10-year bond rose to […]
China And European Woes Weigh On Equities But Buoy The Dollar
Overview: The markets are having a rough adjustment to the return of the Chinese markets are the week-long holiday. The cut in the required reserves failed to lift investor sentiment. The Shanghai and Shenzhen Composites fell almost 4%, and the yuan slid nearly 0.8%. It is an unusually large decline for the closely managed currency. The […]
IMF May Downgrade Global Growth This Week
China’s PMI fell further in September, short AUD/USD? China’s PMI shows downward pressures from the external sector will become more intensive US employment data for September fell to its lowest level in a year even though unemployment rate dropped to a level not seen in almost 50 years. Nonfarm payrolls rose just 134,000, well below […]
Italian Stocks, Bonds Collapse After EU Rejects Rome’s Budget Plans
Italian stocks tumbled with the FTSE MIB dropping 2.3% – the worst performer among major European markets on Monday – and hitting its lowest level since April 2017, while the country’s bonds plunged to the lowest level since February 2014 amid what now appears to be an inevitable showdown between Italy and the EU, after […]
