Markets were roiled by the earnings today as the heavyweights that can be seen as the economy proxies reported weaker earnings than expected. Stock trading was also hit by the news of the argentinian default which sent the bond prices of the country lower as there was no deal with the “vulture” funds. There is… Read more
Unexpected macro data swept the euro area trading rooms today as a pretty confusing but unnatural occurrence happened when Eurostat in Luxembourg announced inflation slowed further, but unemployment fell as well. Economists might say a lot is wrong with the euro-area phillips curve, but since the whole monetary union isn’t exactly converging when it comes… Read more
European stocks shrugged off the positive data coming from the United States and finished the day lower as many companies reported worse than expected results for the quarter. Bad news dragged the indices down even as the Commerce Department showed US economy making up for the first quarter drop. Schneider Electric and Holcim Ltd reported… Read more
West Texas Intermediate, the US crude oil benchmark dropped before a series of economic news hits the markets this week. Federal Reserve is also meeting this week to discuss the newest policy decisions as the central bank continues to taper purchases and thinks about the timetable for the future path of interest rates. Economic data… Read more
Asian stocks advanced in last nights Pacific trading session for the third consecutive day. The regional benchmark managed to hit another six year high as the FOMC meets in Washington today. Asian developed nations as Japan and South Korea are growing healthy with Japan close to closing the output gap that was created since 2012…. Read more
Gold is not an easy predictable investment any more. As geopolitical tensions in Europe and Middle east boosted volatility in stocks, the opportunity left for the precious metal to shine was not that sure after the USD took the prime spot as the safe asset haven. Gold managed to push trough in 2014 scoring a… Read more
The big economic week started on a pretty down note today as investors shredded stocks before the Federal reserve policy committee meets. Traders overwhelmingly focused on geopolitical crises abroad taking s&P 500 from its all time high that was reached on July 24. Industrial stocks fell as earnings at Cummins Inc disappointed. M&A also heavily… Read more
USD declined against most of the developed nations peers as investors speculated the US economy didn’t meet second quarter expectations on bad home sales data. Rebound is critical since it will show the economy weathering the 2.9 percent decline of the first quarter even as the full year forecast is cut to a measly 1.7… Read more
European stocks extended losses for the second day as Middle east unrest continues and investors follow the earnings season in the stagnating Europe. Wincor Nixdorf, the German teller machine maker was lower as earnings disappointed. Aberdeen Asset Management Plc suffered the same fate as it showed lower asset values it manages. RyanAir Holdings, which runs… Read more
Facebook, the world’s biggest social network blew away estimates on Wednesday night when it reported the results for the second quarter. Both revenue and profits beat the expectations, and that for the ninth consecutive quarter. Revenue came in at $2.9 billion, growing 61 percent on the annual basis. Profit was 791 million, more than doubling… Read more
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