Futures Jump, Global Stocks Rebound From Longest Losing Streak Of The Year
After five consecutive daily losses on the MSCI world stock index and seven straight falls in Europe, there was finally a bounce, as investors returned to global equity markets in an optimistic mood on Thursday, sending US futures higher after several days of losses as global stocks rebounded following a Chinese commodity-driven rout. The House […]
Deepening Crisis In Hyper-Inflationary Venezuela And Zimbabwe
Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis Venezuela’s new 100,000-bolivar note is worth less today than USD 2.50 Maduro announces plans to eliminate all physical cash Gold rises in response to ongoing crises A military coup-de-grace in Zimbabwe and a […]
Weekly Unemployment Claims: Up Another 10K, Worse Than Forecast
Here is the opening statement from the Department of Labor: In the week ending November 11, the advance figure for seasonally adjusted initial claims was 249,000, an increase of 10,000 from the previous week’s unrevised level of 239,000. The 4-week moving average was 237,750, an increase of 6,500 from the previous week’s unrevised average of […]
US Dollar Bias Shifts To Neutral As New Range Is Carved Out
Video length: 00:07:49 The US Dollar’s sharp rebound yesterday seemingly out of nowhere – the October US Advance Retail Sales and CPI reports were rather uninspiring – suggests that traders aren’t ready to throw in the towel on the greenback just yet. True, while the range between 94.29 and 95.17 was broken on Tuesday, the […]
Chevron (CVX) Looking For New All-Time Highs
Chevron Corporation (NYSE: CVX) is an American multinational energy corporation. It engages in integrated petroleum operations, chemicals operations, mining operations, power generation and energy services related to Oil and Natural Gas. Oil-company stocks tend to rise when oil prices goes higher, Chevron is no exception that’s why as Oil market is turning bullish after the recent break in the price […]
U.S. Jobless Claims, Philly Fed, Import Prices All Disappoint – USD Ticks Down
US weekly jobless claims are up to 249K, disappointing expectations. Import prices are only up by 0.2%, also short of predictions. Philly Fed Manufacturing Index completes the losing streak by falling to 18.9. The US dollar is slightly weaker on the uniform misses. The US released a load of economic indicators. The Philly Fed manufacturing index […]
Walmart Jumps 4%, Pushes Dow Futures Higher After Beating, Boosting Guidance
Walmart is trading 4% higher, pushed Dow futures higher, after reporting Q3 earnings that beat expectations on the top and (adjusted) bottom line – in big part due to the recent hurricanes – while boosting Q4 guidance, despite reporting a decline in profit margins. The company reported GAAP EPS of $0.58, which however management claimed […]
Wal-Mart Stores Inc. Q3 F2018 Earnings, Outlook Boost Shares
The Walmart (WMT) Q3 F2018 earnings results were released before opening bell this morning, and the company posted adjusted earnings of $1 per share on $123.2 billion in sales. Wall Street had been looking for earnings of 97 cents per share on $121.04 billion in revenue. In the third quarter of fiscal 2017, the big […]
Morning Call For Thursday, Nov. 16
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.34%) this morning are up +0.31%, led by a nearly 3% gain in Wal-Mart in pre-market trading after it reported better-than-expected Q3 adjusted earnings and boosted its full-year earnings outlook. European stocks are up +0.57% as global stocks regained their footing following losses earlier in the week. […]
Sensex Ends Day In Green; IT Stocks Top Gainers
After opening the day in green, share markets in India witnessed buying activity throughout the day and ended the day on a strong note. Gains were seen across most sectors with stocks in the IT sector and stocks in the power sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 346 points (up 1.1%) and the NSE Nifty closed up […]
