Category Archive: Finance, No picture
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 […]
Sensex Ends Volatile Day In Green; Oil & Gas Stocks Lead Gains
After opening the day in red, share markets in India witnessed volatile trading activity throughout the day and ended the day in above the dotted line. Sectoral indices traded mixed, with stocks in the energy sector and stocks in the banking sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 97 points (up 0.3%) and the NSE Nifty closed up […]
Irobot Downgraded To Neutral From Overweight At Piper Jaffray
Piper Jaffray analyst Troy Jensen downgraded iRobot (IRBT) to Neutral with an unchanged price target of $90. The Roomba creator closed Friday up 92c to $106.06. The analyst continues to believe the robotic vacuum market is in a secular uptrend and that iRobot will “maintain its dominant position in the market.” However, Jensen has become […]
USD/CAD Daily Analysis – Monday, Oct. 8
USD/CAD broke above 1.2930 resistance and extended its upside movement to as high as 1.2954. Further rally is still possible and next target would be at 1.3050 area. Near term support is at 1.2880, only a breakdown below this level could trigger another fall towards 1.2700.
