Sensex Trades Strong; Energy Stocks Witness Buying
After opening the day on a positive note, share markets in India have continued the momentum and are trading comfortably above the dotted line. All sectoral indices are trading on a positive note. Stocks in the energy sector and stocks in the capital goods sector are leading the gains. The BSE Sensex is trading up by 222 points (up 0.8%), and the NSE Nifty is […]
U.S. Student Loan Implosion
The Consumer Federation of America recently put out a press release that reports that they’ve found that 1.1 million student loan borrowers in the United States have gone 270 or more days without making payments on their Federal Direct Student Loans, with more than $137 billion worth of the loans issued by the U.S. government now qualifying as […]
A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO
As Saudi Arabia’s deputy crown prince pushes his nation’s Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman’s estimate “unrealistic and mind blowing.” Since deputy crown prince Mohammed bin […]
Gold Touches Two-Week Low Following French Election
Gold prices dipped to a two-week low on Monday after results from the French presidential elections abated investor appetite for the precious metal. Major stock markets around the globe and the euro rallied, while the dollar fell to a new five-month low. Increasing interest in riskier assets may undermine demand for gold. Yesterday’s gap dragged […]
3 IPOs To Watch For This Week
The last week of April is scheduled to see eight different companies go public, and Zacks has you covered with three unique IPO offerings to watch out for. The wide-ranging list of companies set to go public this week will help contribute to an already booming 2017 for the IPO world. Since Jan. 1, 36 IPOs have […]
ECB April Preview – No Changes Expected As Inflation Remains Tame
Summary: ECB meets in the backdrop of the French elections No changes to monetary policy are expected at this week’s meeting ECB officials maintain that current policy is appropriate Only concrete signs of an increase in inflation will see an appropriate policy response from ECB officials The European Central Bank will be meeting this week […]
Nifty Touches Its All-Time High; Telecom Stocks Witness Buying
After opening the day on a positive note, Indian share markets have continued their momentum and are presently trading in the green. Sectoral indices are trading on a positive note with stocks in the telecom sector and energy sector leading the gains. The BSE Sensex is trading up 193 points (up 0.7%) and the NSE Nifty is trading up 58 points (up 0.6%). The BSE Mid […]
Trade Wars Begin: Trump Announces 20% Tariff On Canadian Softwood Lumber Imports
Speaking during a first of its kind meeting dedicated only to members of the U.S. conservative media, including Breitbart News, OANN and Daily Caller, President Trump told reporters to expect a 20% tariff on softwood lumber coming into Canada. “We’re going to be putting a 20 per cent tax on softwood lumber coming in — tariff on […]
Canadian Dollar Dives On Trump Timber Tax Reports
The Trump administration seemed to have a cuddly relation with Canada while bashing Mexico on trade. This has probably changed. According to reports, the Trump administration is set to announce a retroactive tax on lumber. President Donald Trump said that Canada treated the US unfairly and took advantage. He recently complained about the mistreatment of Wisconsin’s dairy […]
E USD Index Trading In The Final Stages Of A Correction
On the 4h chart of USD Index we have seen a deep decline over the past few months, which is seen as a corrective move, but still unfolding after that gap down to 99.10. An updated structure and recent activity suggests that downward movement is underway in wave C) of four and is looking for […]
