Sensex Closes Flat Ahead Of Exit Polls; Maruti Suzuki Finishes Strong
Share markets in India remained subdued in the afternoon session and finished flat as caution prevailed ahead of UP state elections. At the closing bell, the BSE Sensex stood higher by 27 points, while the NSE Nifty finished up by 3 points. Currently, the NIFTY-50 is trading at a price to earnings ratio of 23.2 times. The valuations look very […]
Intro Guide To The Russell Global Equity S Fund (RGESX)
Russell Global Equity S (RGESX – Free Report) a Zacks Rank #2 (Buy) invests principally in equity securities, including common stocks and preferred stocks, of companies economically tied to a number of countries around the world, including the U.S., and in depository receipts, in a globally diversified manner. This Global – Equity fund, as of the last […]
AkzoNobel Rejects Unsolicited Takeover Proposal From PPG Industries
AkzoNobel (AKZOY) said overnight that it rejected an “unsolicited, non-binding and conditional proposal” from PPG Industries (PPG) for all of the issued and outstanding ordinary shares in the capital of AkzoNobel. PPG’s proposal “substantially undervalues AkzoNobel and is not in the interest of its stakeholders, including its shareholders, customers and employees,” the company said. AkzoNobel […]
February NFP Preview: All Signs Point Up For U.S. Jobs
U.S. nonfarm payrolls are expected to rise 195,000 in February, according to a median estimate of economists polled by Bloomberg. However, recent data suggest even bigger gains may be on the way. On Wednesday, payrolls processor ADP Inc. said U.S. private sector employers added 298,000 workers last month, exceeding analysts’ estimate by more than 100,000. It […]
EUR/USD: The Euro Has Fallen On The Back Of A Rise In Us Bond Yields
Previous: On Wednesday, trading on the euro closed down. During trading in New York, the euro fell to 1.0535 as the release of statistics in the US fell kindly in the dollar. The number of new private sector jobs in February exceeded expectations. The previous figure was revised and upgraded. The euro subsequently bounced up […]
Is Big Brother Watching? There’s An ETF For That
WikiLeaks is at it again—this time pulling back the curtain on how the CIA conducts much of its spy business. If you‘ve been afraid that Big Brother has been watching you, then these latest revelations will do nothing to ease your concerns. The spy business is big business, and now more than ever its technologically-driven […]
China Producer Prices Surge At Fastest Pace In 9 Years
While China consumer prices rose just 0.8% YoY (less than expected), producer prices continue to soar, pressuring margins and threatening any hope for further credit impulses from PBOC. February PPI rose a staggering 7.8% year-over-year – the most since September 2008. After four and a half years of deflation, factory prices are now starting to appear out of […]
Gold Markets Continuing Bearish Pressure
Gold markets fell again during the day on Wednesday, as we continue to see bearish pressure. We are now approaching the $1200 level, which should be rather psychologically important. However, the market has been very negative as of late, so I’m not willing to go long at the first signs of a bounce. I would […]
E EUR/USD Intraday View – Thursday, March 9
EUR is doing much better than AUD against the buck, but even EUR/USD has a very powerful bearish structure. It was a flat correction in wave 2 that now signals for a drop below 1.0492 and even down to 1.0400. But keep in mind that we have the ECB rate decision and press conference later […]
