Where We Stand
A key driver was the mini-taper tantrum spurred by ECB official comments indicating that the central bank was on a gradual path toward the exit. The yield on the 10-year German Bund, the benchmark in Europe, is lower for the third consecutive day. The ECB may have spurred the rise in yields, but it will likely resist the […]
Novartis Tops Q2 Earnings, Sandoz Faces Pricing Pressure
Novartis AG (NVS – Free Report) reported second-quarter 2017 core earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.16 but the recorded figure was a penny lower than the year-ago figure of $1.23. Revenues declined 2% to $12.2 billion as volume growth was offset by the negative impact of generic competition and pricing but beat […]
Mortgage REIT, Managed By TPG, Prepares For IPO
TPG RE Finance Trust (TRTX), a mortgage REIT managed by TPG that focuses on commercial real estate debt, is expected to IPO on Thursday (7.20). The New York, NY-based company plans to offer 11 million shares priced between $20 and $21 and expects to raise $225.5 million. The REIT is currently managed by an affiliate […]
House GOP Unveils 2018 Budget: Here Are The Highlights
On Tuesday morning, House Republicans released a fiscal 2018 budget plan that will pose the next major political test for President Donald Trump’s legislative agenda by combining tax reform with controversial spending cuts. While unlikely, the spending plan, which covers the fiscal year beginning Oct. 1, aims to move the government from a $472 billion deficit in […]
June 2017 Import And Export Price Year-Over-Year Inflation Again Lower
Import and export price inflation continues although the year-over-year rate of increase continues to slow. Analyst Opinion of the Import/Export Price Situation The elephant in this month’s decline are fuel/oil and agriculture commodities. If one ignores these commodities, the year-over-year inflation rate for imports and exports is higher. Import Oil prices were down 2.1 % […]
Dollar Slides As Rate Hike Hopes Dim
The US Dollar Index traded at 10-month trough as concerns grow over the Federal Reserve’s likeliness to hike interest rates given the current economic environment. The Index, which FX traders use to assess the Dollar’s relative weight, has fallen some 8.8% since the January 3rd high of 103.82; currently, it trades at 94.706 .DXY. The Dollar is […]
Day Trading Stock Picks For This Week – Tuesday, July 18
Day trading stock picks likely to move big (up or down) during the week of July 18: CBI, HTZ, WLL, FTR, OAS, AMD and few that are usually good day trading candidates: SPY, BAC, WFT, MOMO, CLF, AKS. Chicago Bridge & Iron (CBI) Average day range (30) is 7.72% and average volume (30) is 9 million. […]
EUR/USD: Rallies On Trend Resumption
EUR/USD: The pair resumed its medium term uptrend on Tuesday leaving additional risk on the upside. Resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Its daily […]
Trump Falling Short On Promise To Fix Trade Deficit
President Trump is falling woefully short on his promise to fix the trade deficit. It’s on track to hit $570 billion this year — up from $505 billion in 2016. Critics blame the trade gap for lost manufacturing jobs, and apologists assert it permits Americans to consume more and cheaper products without much harm. Both arguments have some […]
US Import, Export Prices Tumble For 2nd Month As China Deflation Exports Accelerate
For the second month in a row both import and export prices fell MoM (imports -0.2%; exports -0.2%)… This is the equal biggest MoM drop in import prices since Feb 2016… Petroleum prices dropped 2.2% – the biggest driver – along with Foods & Beverages (-1.6%) and Agricultural (-1.5%). Year over year, import and export price […]
