Kimberly Clark Corp. Q1 Earnings Miss The Mark As U.S. Sales Slump
Kimberly Clark Corp. (NYSE:KMB) early Monday posted worse than expected first quarter earnings results, as U.S. sales dragged amid relatively stronger international growth.
Oil Market Rebalancing Myth Looks Close To Its Sell-By Date
The myth of oil market rebalancing has been a great money-maker for financial markets. Hedge funds were the first to benefit in H2 last year, as Reuters has reported, when: “OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second […]
French Elections Give Euro Life; DXY At Major Trendline Support
Video length: 00:10:37 Higher yielding currencies and risk-correlated assets are running higher this morning thanks in no small part to the results of the first round of the French presidential elections. With Emmanuel Macron, the candidate most likely to beat Marine Le Pen in a runoff election advancing into the second round, the Euro is breathing a […]
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Monday, April 24
Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.07163 Opening: 1.09160 Chg. % of the last day: +0.10 Daily range: 1.08207 – 1.09173 52-week range: 1.0366 – 1.1616 According to preliminary data, in the first round of the presidential elections in France, Emmanuel Macron (24% of the vote) and […]
Viva La Oil
Oil prices are creeping back as global markets breathe a sigh of relief in the aftermath of the French elections. Crude oil sold off hard on geopolitical risk and the perception that U.S. oil production is going to offset OPEC production cuts even if it’s not true. Of course, the market believes it, at least […]
Halliburton Company Q1 Mixed As Int’l Markets Lag
Halliburton Company (NYSE:HAL) early Monday posted mixed first quarter earnings results, as profit topped expectations but revenue fell short.
Bull
Politics (with a side of War and Terror) are heavily interwoven with stock markets these days (says Captain Obvious). Markets came under pressure with the Trump/Republican Healthcare reform follies and then Tomahawks, MOAB and terror. Then last week Mnuchin jawboned tax reform and Trump tweeted it. A fantastic package is on the way! This morning […]
Market Talk – French Election Reaction
Early Market Talk Update following French vote: Following the result of the first round vote within France the Asian exchanges were perplexed. One clear message that has been portrayed is that the safe-haven demand has vanished but has yet to reveal risk demand. A lot of what we have seen in the first 12 hours […]
International Economic Week In Review: The Trend Of Positive Global News Continues
Starting in the 4Q16, survey data released by Markit saw a pronounced improvement in sentiment. This was accompanied by the UK’s surprising post-Brexit growth, Canada’s continued exit from its shallow recession, stronger 4Q16 Chinese numbers and nuanced but noticeable improvement in numbers from Japan. The IMF acknowledges these improving numbers in their latest global economic […]
Strong Start To The Week; Cement Stocks Rally
Share markets in India finished on a strong footing tracking positive trend in global markets after the market’s favored candidate, Emmanuel Macron, won the first round of the French presidential election. At the closing bell, the BSE Sensex closed higher by 291 points, whereas the NSE Nifty finished higher by 99 points. The S&P BSE Midcap ended up by 1% while the S&P […]
