US Equities Erase Gains on Exxon, Argentina

Euro Area Inflation, Unemployment Down

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 in the Red over Earnings

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

WTI Drops Before Inventories Data

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

Gold Falls, Hedge Funds Get In

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

US Stocks Pare Declines for a Small Plus

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

European Stocks Decline on Geopolitics Focus

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 Beats Estimates on Growth in Mobile

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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