E India’s Economy Bounces Back From Demonetization Shock
Aug 23, 2017Jeremy Parkinson0
India’s economy was hit by a major shock in November 2016 when the government of Prime Minister Narendra Modi, without advance notice, withdrew all 500 and 1000 rupee notes from circulation. Those denominations accounted for some 86 percent of all currency in circulation. The “demonetization,” as it has been called, was intended to undercut the […]
Morning Call For Wednesday, August 23
Aug 23, 2017Jeremy Parkinson0
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.23%) this morning are down -0.25% after President Trump last night at a rally in Arizona threatened to shut down the government over the Mexico border wall. The issue over funding for a border wall may become entangled with legislation to raise the federal government’s debt limit, […]
Lowe’s (LOW) Misses On Q2 Earnings & Sales, Stock Declines
Aug 23, 2017Jeremy Parkinson0
Lowe’s Companies Inc. (LOW – Free Report) , one of the largest home improvement retailers, came out with second-quarter fiscal 2017 results, wherein adjusted earnings of $1.57 per share missed the Zacks Consensus Estimate of $1.62 but jumped 14.6% year over year. Management expects earnings in the range of $4.20 to $4.30 per share for fiscal 2017. Earnings […]
Weekly Commodities Wrap: Copper Hits 2 Year Highs On China Story
Jul 28, 2017Jeremy Parkinson0
Copper: Red Metal Rocketing on Strong China Story Copper prices exploded to their highest level in over two years this week thanks to US Dollar weakness and a China-related story which has been fuelling commodity markets. The US Dollar continued its decline this week as the Fed kept policy unchanged at the July FOMC. The […]
Sensex, Nifty Trade In Red; Metal & Pharma Stocks Lead The Losses
Jul 28, 2017Jeremy Parkinson0
Indian share markets continued to trade in red during the noon session and were trading well below the dotted line amid disappointing earnings by corporates. Losses are largely seen in metal stocks, capital goods stocks and pharma stocks, while consumer durables stocks and software stocks traded in green. The BSE Sensex is trading lower by 189 points and the NSE Nifty is trading higher by 49 points. Meanwhile, […]
EUR/USD Touches Launch Price
Jul 28, 2017Jeremy Parkinson0
Traders of the EUR/USD have been on a roller coaster ride since the beginning of the year. Initial expectations that “Trumpflation” would lift the greenback effectively drove the Euro to 14-year lows. However, with the woes that have plagued the Trump White House in recent months, specifically markets’ doubt that Trump can push through his […]
Euro At Risk On German CPI, US Dollar Seeks Help From GDP Data
Jul 28, 2017Jeremy Parkinson0
The preliminary set of July’s German CPI figures headlines the economic calendar in European hours. The headline year-on-year inflation rate is expected to tick down to 1.5 percent, revisiting the six-month low set in May. A weaker outcome echoing a sting of disappointing data in recent weeks may hurt the case for ECB stimulus reduction. That may […]
Stocks Watchlist: SSYS, DO, MU
Jul 28, 2017Jeremy Parkinson0
Today’s stock picks Long Diamond Offshore Drilling (DO) Long Stratasys (SSYS) Short Micron Technology (MU)
2016’s Worst-Performing Stock Market Is Exploding Higher
Jul 28, 2017Jeremy Parkinson0
In 2016, the world’s worst-performing stock market (in dollars) was Nigeria. 2017 is a very different picture for the African nation… Having politely refused OPEC’s demands to cut crude production, Nigerian stocks have rallied for 16 successive days, a feat last accomplished in 2001… As Bloomberg notes, the benchmark index is up almost 50 percent since early March, […]
Friday Charts: Three Major Market Forces Coming To An End?
Jul 28, 2017Jeremy Parkinson0
It’s Friday in the Wall Street Daily nation. For the new kids on the block hanging tough, that means it’s time to go to the charts. Each week, I cull together a collection of graphics to convey some important and timely investing insights. And this go-round, I’m covering the most hated bull market in history, the not-so-almighty […]