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JPM
France sees economic growth spurt from consumers and business
By Michel Rose PARIS Reuters French growth accelerated more than expected at the start of the year with the strongest increase in consumer spending since 2004 and a pick up in business investment The economy grew 0 5 percent in the first quarter beating even the most optimistic forecast in a Reuters poll as cons...
JPM
Brexit could cost each Briton 45 000 pounds in lost wealth JPMorgan
LONDON Reuters A vote to leave the European Union in a June 23 referendum could cost each Briton around 45 000 pounds 65 718 or around half the value of the United Kingdom s housing stock JPMorgan Chase Co N JPM said in a research report Some financiers say a British exit would sap London s wealth hammer...
JPM
Global factory growth nearly stalled in April PMI
LONDON Reuters Global manufacturing growth almost stalled last month as rising price halted a pick up in new orders a survey showed on Tuesday JPMorgan s Global Manufacturing Purchasing Managers Index PMI produced with Markit came in at 50 1 last month only just above the 50 level that separates growth from...
JPM
Bankers see activist investor campaigns gaining strength abroad
By Michael Flaherty LOS ANGELES Reuters Bankers are seeing more evidence that activist investor tactics launched in the United States several years ago are making their way abroad So far this year international activist campaigns are up 30 percent Robin Rankin co head of global mergers and acquisitions at Cred...
HAL
U S says BP to pay 20 billion in fines for 2010 oil spill
By Susan Heavey Patrick Rucker and Emily Stephenson Reuters BP LONDON BP Plc will pay more than 20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago marking the largest corporate settlement of its kind in U S history Attorney General Loretta Lynch said o...
HAL
Opening Bell Politics Dominates Markets Nikkei Soars Euro Sinks
by Pinchas Cohen Key Events On Friday animal spirits roared back to life as all three major US indexes the Dow NASDAQ and S P 500 hit fresh records As well the S P registered its 48th record of the year as it finished a sixth straight week of gains The dollar and yields also closed higher on domestic political dev...
HAL
Halliburton HAL Down 1 9 Since Earnings Report Can It Rebound
It has been about a month since the last earnings report for Halliburton Company NYSE HAL Shares have lost about 1 9 in that time frame underperforming the market Will the recent negative trend continue leading up to the stock s next earnings release or is it due for a breakout Before we dive into how investo...
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Gold futures add to losses tracking euro lower
Investing com Gold futures extended losses during U S morning trade on Wednesday as renewed concerns over the euro zone s debt crisis and weaker than expected U S data on durable goods pushed the euro lower against the greenback On the Comex division of the New York Mercantile Exchange gold futures for June deliv...
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Gold lower on stronger dollar debt worries
Investing com Gold futures traded lower during U S afternoon trade Wednesday as concerns over the euro zone s debt crisis and weaker than expected U S data on durable goods fuelled a flight to safety to the greenback On the Comex division of the New York Mercantile Exchange gold futures for June delivery traded...
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First Trust Value Line 100 ETF In The Danger Zone
First Trust Value Line 100 ETF FVL is in the Danger Zone this week FVL is another example of a supposedly passive ETF that purportedly tracks an index but actually resembles an actively managed portfolio FVL s methodology tracks an index but it is an index in name only Anyone can create an index and often the...
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Ackman To Shed J C Penney
Few days after terming his investment in J C Penney Company Inc JCP a failure Bill Ackman announced his decision to sell the entire stake in the company Ackman publicly criticized the board and it s functioning and accused it of a slow approach to finding the new CEO Concurrently Ackman demanded the ouster o...
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Get Ready For Larry Summers As Next Fed Chair
Has there ever really been a doubt that Larry Summers would be the next chairman of the Federal Reserve Not in these parts Remember President Obama just like his predecessors announce who the chairman of the Federal Reserve will be but that does not mean that he actually makes the selection Whom do I believe makes ...
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Citigroup Sees Gold At 3 500 Oz
Today s AM fix was USD 1 406 25 EUR 1 059 96 and GBP 906 79 per ounce Yesterday s AM fix was USD 1 425 50 EUR 1 066 03 and GBP 919 91 per ounce Gold rose 0 20 or 0 014 yesterday closing at 1 415 70 oz Silver ceded some its previous gains and closed down 0 17 or 0 7 closing at 24 29 Platinum gained 9 45 ...
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EUR USD A Bearish Outlook
EUR USD title EUR USD width 700 height 512 EUR USD 1 3221Short Term Trend sidewaysOutlook EUR broke below 1 3298 last week and thus triggered our bearish strategy It seems the market is in the very beginning of wave c down which should bring weakness toward 1 2995 level at a minimum and most likely twd 1...
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E Mini S P Retrace Back to 1667 Then Downtrend Resumes
S P has been trading sharply lower last week but now showing some evidences of a low around 1625 area which is fine because we already have five needed sub waves down in wave A We know that after every five wave move correction is expected so recovery or sideways price action in this week should not be a surprise ...
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Gold To Jump Due To U S Desperation To Have A War Jim Rogers
United States President Barack Obama and officials within the administration are beating the drums of war How will this affect the markets specifically commodities like gold and oil More than a decade after the wars in Afghanistan and Iraq were launched not to mention the various strikes against Yemen Pakistan and ...
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Pre NFP Review EUR USD And USD CAD
Markets did not go far since yesterday s US close as speculators are sitting on their hands ahead of the US NFP report today at 12 30GMT Expectations are 178K if news will be better than this let s say around 200K then be aware of a strong push higher on USD Index that will cause weaker majors At the same time US...
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What to Watch US Plan For Syria China Taper Talk And RBNZ
The markets made it through another week without missiles being launched at Damascus and we now know more about the Alawites than we ever thought we d know The metals and energy complexes are well complex and don t appear to be noticing the contingent of Russian warships parked off the Syrian coast Obama and Put...
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Gold A Bullish Attitude Adjustment For Institutional Banks
The last couple of weeks have witnessed changing attitudes of large institutions concerning the gold price A growing number of institutional analysts are become bullish some them ultra bullish on gold s near term outlook What makes this unusual is the fact that only a few weeks ago they were singing a bearish tun...
BMY
AstraZeneca sees fall in 2016 earnings as Crestor loss weighs
By Ben Hirschler LONDON Reuters Drugmaker AstraZeneca L AZN warned on Thursday that revenue and earnings would drop this year due to the arrival of cheap generic rivals to its cholesterol fighter Crestor which will offset growth in sales of newer medicines The company which saw off a takeover attempt by Pfize...
JPM
Ecuador to hike taxes sell assets to fund quake rebuilding
By Ana Isabel Martinez and Diego Or PEDERNALES QUITO Ecuador Reuters Ecuador will temporarily increase some taxes sell assets and may issue new bonds on the international market to fund a multi billion dollar reconstruction after a devastating 7 8 magnitude quake a somber President Rafael Correa said on Wednes...
JPM
Mitsubishi Motors shares slump to record low on mileage cheating scandal
By Chang Ran Kim TOKYO Reuters Mitsubishi Motors Corp s T 7211 shares slid for a second straight day hitting a record low after it admitted to manipulating fuel economy data stirring worries of compensation costs and fines in its biggest scandal since a defect cover up a decade ago The stock has lost a third o...
JPM
U S jobless claims hit 42 1 2 year low as labor market firms
By Lucia Mutikani WASHINGTON Reuters The number of Americans filing for unemployment benefits unexpectedly fell last week hitting its lowest level since 1973 suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary While another report on Thursday showed a mild weakening i...
JPM
Alaska Air CEO sees challenge in keeping Virgin customers after merger
Reuters Alaska Air Group Inc expects it will be challenging to keep customers who are loyal to Virgin America Inc after the two companies merge Alaska Air s chief executive said on an analyst call on Thursday Alaska Air said earlier this month that it would buy Virgin America a carrier with cult status among lei...
JPM
Florida man indicted for bribery in case tied to JPMorgan hacking
By Nate Raymond NEW YORK Reuters A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase Co NYSE JPM Michael Murgio who se...
HAL
With options dwindling BP seized a chance to settle oil spill case
By Jessica Resnick Ault Dmitry Zhdannikov and Terry Wade NEW YORK LONDON HOUSTON Reuters In early May with its legal options dwindling and investors impatient BP LONDON BP Plc saw a chance to negotiate what became a 18 7 billion settlement that ended five years of litigation over the worst offshore oil spil...
HAL
Shinzo Abe Wins Landslide Reelection In Japan
Monday October 23 2017Pre market futures are up again ahead of today s opening bell where Q3 earnings season shifts to high gear with some of the biggest companies in the world reporting on their businesses this week Congress continues to work on the blueprint for a tax cut reform package which has thus far looked ...
HAL
Elections In Japan
Pre market futures are up again ahead of today s opening bell where Q3 earnings season shifts to high gear with some of the biggest companies in the world reporting on their businesses this week Congress continues to work on the blueprint for a tax cut reform package which has thus far looked positive for its propone...
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Asia stocks retreat on China growth worries Nikkei closed
Investing com Asian stock markets were broadly lower on Tuesday as concerns over China s outlook weighed on appetite for riskier assets in a session absent of guidance from markets in Japan which were closed on holiday During late Asian trade Hong Kong s Hang Seng Index dropped 0 8 while Australia s S P ASX200 s...
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Euro stocks sharply lower on manufacturing DAX off 1 27
Investing com European stocks traded sharply lower Thursday dropping for the fourth straight session on contracting manufacturing in China and the euro zone Near the close of European trade the EURO STOXX 50 traded down 1 46 France s CAC 40 fell 1 56 while Germany s DAX traded off 1 27 Meanwhile in the...
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Euro stocks trading lower on U K confidence DAX off 0 18
Investing com European stocks traded lower Friday falling for the fifth straight session as a report indicated lowered confidence in the U K and investors await a U S housing report In midsession European trade the EURO STOXX 50 traded down 0 67 France s CAC 40 fell 0 49 while Germany s DAX traded off ...
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Brent Spikes On Egyptian Death Toll
Brent crude oil prices jumped on Thursday after tension in Egypt escalated and reignited worries that the nation s conflict would shut down the Suez Canal where much of the world s crude oil passes The commodity traded at 111 28 at 8 44 GMT on Thursday morning CNBC reported that a state of emergency has been declare...
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Private Sector Debt Could Hinder Euro Zone Recovery
The euro steadied above 1 33 on Friday after a choppy day of trading on Thursday The common currency traded at 1 3344 at 7 54 GMT on Friday morning as investors digested this week s slew of data and made their predictions for the currency s future The euro zone finally exited its longest ever recession in the second...
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Earnings Housing And Minutes Next Week s Got It All
In the coming week the FOMC minutes will take center stage as investors look for cues as to whether the Fed will taper asset purchases in September Also key housing indicators and housing related stocks will be in focus And of course there s plenty of earnings on tap Key EarningsIn the coming week the key earnings...
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Euro On A High As Investors Exit EMs
The euro reached a new six month high overnight as anticipation of the release of the US Federal Reserve s policy meeting minutes caused investors to pile their money into less risky assets The common currency traded at 1 3406 at 7 07 GMT on Wednesday morning just before the minutes were released Fed Hit EMsEmerging...
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AUD Flies High On JPY Weakness Metals Up
The Australian Dollar led the pack higher through the European session as AUD USD tested US 0 9022 EUR AUD fell to A 1 4797 AUD JPY appreciated to 87 40 and GBP AUD tested A 1 7271 A shook off a decline in the June leading index to 0 2 from the prior reading of 0 0 and found a strong bid when it was reporte...
JPM
Wells Fargo profit falls 7 percent as bad loan provisions surge
By Sruthi Shankar Reuters Wells Fargo Co s N WFC quarterly profit fell 7 percent as the No 3 U S bank by assets set aside more than 1 billion to cover bad loans saying its energy portfolio remained under significant stress Shares of Wells Fargo which has said that nearly 2 percent of its loans are to ...
HAL
BP reaches 18 7 billion settlement over deadly 2010 spill
By Terry Wade and Kristen Hays HOUSTON Reuters BP LONDON BP Plc will pay up to 18 7 billion in penalties to the U S government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U S history The agreement comes on top of...
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European stocks extend global equity rally DAX up 1
Investing com European stock markets were broadly higher on Wednesday joining a global equity rally as an upbeat assessment of the U S economy from the Federal Reserve and favorable stress test results for a number of major U S banks boosted investor sentiment During European morning trade the EURO STOXX 50 jump...
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U S futures mostly flat with Citigroup in focus Dow up 0 05
Investing com U S stock futures pointed to a flat open on Wednesday pausing a day after rallying to multi year highs as shares in Citigroup came under pressure following the release of stress test results of the largest U S lenders Ahead of the open the Dow Jones Industrial Average futures pointed to a modest ga...
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European stocks add to gains after Greek aid approval DAX up 1 25
Investing com European stock markets added to strong gains on Wednesday climbing to the session highs after euro zone finance ministers formally approved a second bailout for Greece During European morning trade the EURO STOXX 50 rose 1 15 France s CAC 40 advanced 0 75 while Germany s DAX 30 surged 1 25 Europe...
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Credit Suisse Bank Impact On Alibaba IPO
The IPO of Alibaba Group is poised to be lead by Credit Suisse Bank Alibaba s public offering is expected to occur before the end of 2013 The past weeks for Alibaba have spurred meetings with investment banks though no official announcement from Alibaba Group Holding Ltd has been made to IPO Expected valuation of A...
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More Market Manipulation Is Wall Street Out Of Control
First it was Libor then currencies then commodities Now the market manipulation game extends to a vehicle known as ISDA fix that is used as a benchmark for pricing only trillions of dollars of worth of transactions Dodd Frank reformed Wall Street right Swaps Probe Finds Banks Manipulated Rate at Expense of Retir...
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How Strong Is The US Economy
Summary The examined the odds of recession Today s let s take a more granular look at the economy In the first half of the year the US economy expanded GDP at 1 4 SAAR Faster than Q4 near zero but well below the 2 stall speed Yet most economists expect acceleration in the next few months continuing thr...
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Major Currency Pairs Analysis Euro Rising
EUR USD The 17 nation currency rose after separate data showed Italy s recession eased in the second quarter The euro traded at almost a seven week high against the dollar after a report showed Germany s factory orders rebounded in June more than economists forecast adding to signs the region is recovering Stronger ...
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Can Germany Lead Euro Zone From Recession
The euro was strong Wednesday morning trading near a seven week high after German factory orders beat analysts expectations and rebounded in June The common currency had gained 0 4 percent by 6 11 GMT on Wednesday as hopes rose that the euro zone s two year economic slow down was nearing its end Hopeful DataBloomberg...
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Brent On Longest Losing Streak Since April
Brent crude oil slid on Wednesday as easing supply concerns and caution ahead of key data from the US and China put pressure on prices The commodity traded at 107 82 at 6 54 GMT on Wednesday morning marking its fourth consecutive session drop and its longest losing streak since April Hope From IranA new more moderat...
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Oil And Gold Analysis Crude Drops Gold Gains
CLCrude dropped capping the biggest four day slide in nine months as Federal Reserve officials indicated that they may pare bond purchases that have bolstered the economy and energy demand Crude declined 0 9 percent after Fed Bank of Chicago President Charles Evans said yesterday he would clearly not rule out a de...
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Brent Ends Losing Streak On Chinese Data
Brent crude oil ended its four day losing streak on Thursday after Chinese data restored hope that the global economy was on the mend and improved the future demand outlook The commodity climbed toward 108 and traded at 107 44 at 8 25 GMT on Thursday morning After several weeks of questionable data China seems to b...
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Here s A Surprising Way To Play A Europe Rally
U S Global s Portfolio Manager Tim Steinle is usually soft spoken and mild mannered so our ears perked up when he recently belted out Europe is Rocking After a lengthy period of stagnant growth and lackluster results the gradual crescendo of improving economic data that s been coming out of Europe lately certainly...
JPM
Dow jumps triple digits thanks to China data and JP Morgan
Investing com Wall Street moved higher on Wednesday on positive Chinese trade data and an earnings report from JP Morgan that beat consensus driving financial stocks higher At 15 32GMT or 11 32ET the Dow Jones rose 150 points or 0 84 while the S P 500 gained 17 points or 0 83 and the tech heavy NASDAQ Compo...
JPM
JPMorgan passes up chance to counter Sanders criticism
By David Henry NEW YORK Reuters JPMorgan Chase Co NYSE JPM has been lambasted by Democratic presidential candidate Bernie Sanders but Chief Executive Jamie Dimon opted not to fire back on Wednesday while reviewing quarterly results and taking questions about his latest failure with regulators No comment Di...
HAL
BP settles oil spill related claims with Halliburton Transocean
Reuters BP Plc L BP has settled with oilfield services provider Halliburton Co N HAL and contract driller Transocean Ltd N RIG cross claims related to the 2010 Gulf of Mexico oil spill the worst offshore disaster in U S history BP still faces a potential fine of up to 13 7 billion under the U S Cle...
HAL
Halliburton HAL Down 14 7 Since Earnings Report Can It Rebound revised
It has been about a month since the last earnings report for Halliburton Company NYSE HAL Shares have lost about 14 7 in that time frame underperforming the market Will the recent negative trend continue leading up to the stock s next earnings release or is it due for a breakout Before we dive into how invest...
HAL
Halliburton HAL Down 14 7 Since Earnings Report Can It Rebound
It has been about a month since the last earnings report for Halliburton Company NYSE HAL Shares have lost about 14 7 in that time frame underperforming the market Will the recent negative trend continue leading up to the stock s next earnings release or is it due for a breakout Before we dive into how invest...
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Gold trades lower on Greek fears Chinese growth cut
Investing com Gold futures traded lower Monday as renewed Greek debt fears and China cutting economic growth forecasts weighed on the precious metal On the Comex division of the New York Mercantile Exchange gold futures for April delivery traded at USD1 703 95 a troy ounce during U S afternoon trade giving bac...
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Gold futures off 6 week low with Greece debt swap in focus
Investing com Gold futures edged higher on Wednesday taking cues from the currency market as investors continued to monitor developments surrounding Greece s debt swap deal while some bargain buying emerged following the previous day s steep decline On the Comex division of the New York Mercantile Exchange gold fu...
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Gold pares gains as markets await Greek PSI deal
Investing com Gold futures pared gains on Wednesday coming off the session high as the euro turned lower against the U S dollar amid concerns that Greece and its private bondholders will not meet Thursday s deadline to complete a debt swap deal On the Comex division of the New York Mercantile Exchange gold futures...
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Gold higher on weak U S dollar Greek fears
Investing com Gold futures traded higher Wednesday as the U S dollar weakened amid concerns that Greece and its private bondholders will not meet Thursday s deadline to complete a debt swap deal On the Comex division of the New York Mercantile Exchange gold futures for April delivery traded at USD1 683 45 a tro...
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U S shares higher on better than expected payrolls Dow up 0 16
Investing com U S shares opened higher Friday as non farm payrolls beat forecasts and Greek settlement hopes lifted equity sentiment Near the open of U S trade the Dow Jones Industrial Average gained 0 16 the S P 500 index climbed 0 14 while the Nasdaq Composite advanced 0 33 The gains were powered by bet...
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USD JPY And U S Bonds An Elliott Wave Look
USD is under pressure across the board after worse than expected U S Existing Home Sales numbers 5 08M vs 5 27M exp U S bonds are up which means it is the lower U S yields that are driving the USD JPY down On that pair we can see prices now slightly below channel support line that may cause a downtrend continu...
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Euro Zone Consumer Confidence Improves
The euro neared 1 32 on Wednesday morning as the dollar slumped on weak US economic indicators Data from the US gave the US Federal Reserve reason to delay the rolling in of its 85 billion per month bond buying scheme Dollar SellingUS housing data has been consistently disappointing recently and the result has been...
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Silver Decline Becomes Zinc Gains
The bear market in silver is poised to turn around the fortunes for zinc as miners reduce production and end the seven year glut in the industrial metal Silver makes up 40 percent of the value of byproducts from zinc mining and helps reduce costs for mineral companies HSBC Holdings Plc says Its 33 percent slump in th...
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Midday Markets It s Raining Earnings
Midway through trading Thursday the Dow traded down 0 45 percent to 15 472 81 while the NASDAQ rose 0 14 percent to 3 584 45 The S P also fell declining 0 26 percent to 1 681 57 Top Headline General Motors Co GM reported a better than expected Q2 profit GM s quarterly earnings dropped to 1 2 billion or 0 75 pe...
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Midday Markets Go Red Zynga Talks Down Q3
Following the market opening Friday the Dow traded down 0 43 percent to 15 489 25 while the NASDAQ dropped 0 29 percent to 3 594 66 The S P also fell declining 0 38 percent to 1 683 90 Top Headline Yesterday Zynga ZNGA issued a weak outlook for the current quarter However the company reported upbeat Q2 results ...
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Is Europe Ready To Take Off
One year ago European Central Bank President Mario Draghi announced that the central bank had the political will to do whatever it takes to save the euro Now the worst may be over as suggested by stronger economic data coming out of Europe It appears the Continent is finally on the road to a sustained recovery ...
BMY
U S sues Deutsche Bank for alleged tax fraud seeks 190 million
By Jonathan Stempel NEW YORK Reuters The U S government on Monday sued Deutsche Bank AG DE DBKGn seeking to recoup more than 190 million from the German bank over alleged tax fraud more than 14 years ago According to a complaint filed in the U S District Court in Manhattan Deutsche Bank used insolvent s...
JPM
U S regulators to notify some banks their living wills are flawed WSJ
WASHINGTON Reuters U S regulators are preparing to notify some of the country s largest banks including JPMorgan Chase Co N JPM that they have submitted flawed living wills the Wall Street Journal reported on Tuesday citing people familiar with the matter A living will refers to a bank s plan for how i...
JPM
JPMorgan cuts 5 percent of Asia wealth management jobs source
By Saeed Azhar and Sumeet Chatterjee SINGAPORE HONG KONG Reuters JPMorgan Chase Co N JPM has cut 30 jobs or 5 percent of its headcount at its Asia wealth management business a source with direct knowledge of the matter said as the U S bank sharpens its focus on tapping wealthier clients The job cuts would...
JPM
Top 5 Things to Know In the Market on Wednesday
Here are the top five things you need to know in financial markets on Wednesday April 13 1 China s exports rise at fastest pace in a year Growth returned to Chinese exports in March for the first time in nine months with an 11 5 jump that blew past consensus expectations for a 2 5 increase At the same time a les...
JPM
JP Morgan beats on Q1 EPS
Investing com JP Morgan reported better than expected first quarter earnings on Wednesday thanks to growth in loans from consumer business although revenue came in below consensus Specifically the bank reported earnings per share EPS of 1 35 with revenue of 24 1 billion Analysts had expected an EPS of 1 26 w...
JPM
U S futures point to higher open earnings from JPMorgan ahead
Investing com Wall Street futures pointed to a higher open on Wednesday as investors eyed the release of fresh earnings reports and as higher oil prices were expected to continue supporting equities The blue chip Dow futures were up 0 51 the S P 500 futures climbed 0 56 while the tech heavy Nasdaq 100 futures a...
JPM
Peabody world s top private coal miner files for bankruptcy
By Tracy Rucinski and Tom Hals Reuters Peabody Energy Corp N BTU filed for U S bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of 10 1 billion much of it incurred for an expansion into Australia The Chapter 11 bankruptcy filing from Peabody the world s bi...
HAL
Dollar Diddles In The Middle
Tuesday July 25 Five things the markets are talking about The mighty US dollar is looking for conviction and that is not expected to come ahead of tomorrows FOMC rate decision 2 00 pm EDT The markets this week are moving to the beat of company and industry dynamics as investors brace for the tomorrows Fed decision ...
HAL
The Energy Report Oil Drawdowns Across The Board
Shale Pains and OPEC Oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that US shale pains are becoming more obvious to the market Halliburton NYSE HAL is warning that the US oil rig count is about to plateau or peak shale which we predicted in my recent energy webinar and for ...
HAL
The Corn And Ethanol Report Busy Day Ahead
Busy Day Ahead This morning we have June Home Sales at 9 00 A M EIA Energy Stocks at 9 30 A M Dairy Product Sales at 2 00 P M FOMC Meeting and more Earnings On the corn front the market is fighting on a lesser percentage of good to excellent rating weather and carryover from last year The Grain complex was a l...
HAL
The Energy Report Oil Steals The Show As Inventory Rises
Give me those Old Time Fundamentals Oil prices had its biggest up move of the year rising 3 3 on lower supply and higher demand I don t mean to be so fundamental about the fundamentals but in truth that s why we soared Oil prices surged even before the American Petroleum Report API reported another massive crud...
HAL
The Energy Report Are Oil Supplies In Balance
Shell LON RDSa Versus Shale Who says that the U S oil supply picture in not getting in balance Oil supply in the US fell by 7 2 million barrels down over 50 million barrels since the end of March It would have been over 60 million barrels if it were not for the reclassification of oil released from the Strategic ...
HAL
Oil s Big Comeback
The oil market is finally getting it that supplies are falling as geopolitical risks are rising and OPEC is going to clamp down on members that are over producing quotas In the meantime the US oil rig count increased by just 2 rigs this week as shale producers are making some cutbacks Our Summer Solstice turnaroun...
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Crude oil slumps after IMF G 20 raise global growth concerns
Investing com Crude oil futures dropped from a nine month high on Monday as concerns grew that the recent rally in energy prices could create a drag on the global economic recovery while some profit taking also weighed as investors continued to monitor tensions between Iran and the West On the New York Mercantile E...
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Oil trades lower on demand concerns profit taking
Investing com Crude oil futures traded lower Monday as concerns that the recent rally in energy prices may dampen the global economic recovery while some profit taking also contributed to the lower prices as investors continued to monitor tensions between Iran and the West On the New York Mercantile Exchange l...
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European stocks remain lower after data DAX tumbles 1 13
Investing com European stock markets remained sharply lower on Monday as sentiment was hit by sustained concerns over Greece s debt crisis and after downbeat economic data from the euro zone During European afternoon trade the EURO STOXX 50 dropped 0 97 France s CAC 40 declined 0 72 while Germany s DAX 30 tumbl...
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European shares lower on China cut Greek worries DAX down 0 79
Investing com European shares traded lower Monday ending a two day rally as a cut in China s economic growth forecast and renewed Greek fears weighed on equities Near the close of European trade the EURO STOXX 50 fell 0 64 France s CAC 40 gave back 0 39 while Germany s DAX dropped 0 79 Meanwhile in th...
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Profits Double At Goldman Sachs
Another US bank has announced a rise in its profits with Goldman Sachs GS confirming it has doubled the amount it made in the second quarter of the year Despite the ongoing testing financial conditions the bank revealed that it made 1 9 billion 1 2 billion in the three months to the end of June This was a r...
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Falling Exports Bad Sign For Euro Zone GDP
The euro traded steadily at 1 31 on Wednesday morning as investors awaited US Federal Reserve Chairman Ben Bernanke s testimony before congress Dollar CautiousLast week Bernanke s remarks that the Fed was planning to continue its 85 billion per month stimulus plan into 2014 sent the dollar tumbling Now although no...
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U S Bonds USD CHF Gold And The DAX
When Bernake speaks about QE tapering and the economy it s time to keep an eye on US bonds We turn bullish earlier this week and prices are moving nicely higher since then However wave 4 is now approaching some key resistance levels so be aware of a possible reversal in days ahead Lets see how market will react ...
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MDC Holdings Hooker Furniture Double Digit Yields
There are 2 dividend stocks in our Covered Calls Table which are currently offering high options yields MDC Holdings MDC and Hooker Furniture HOFT We previously wrote about MDC and its call options continue to offer good yields Both of these companies have gotten an earnings boost from the US Housing Recover...
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Oil And Gold Analysis Crude Rises Gold Advances
CLCrude oil Intermediate raised to a 15 month high as U S jobless claims declined and equities advanced bolstering economic optimism The economy looks good said Jeff Grossman president of New York based BRG Brokerage and a New York Mercantile Exchange floor trader Crude is working its way higher in sympathy wit...
JPM
U S shale oil firms feel credit squeeze as banks grow cautious
By Swetha Gopinath and David Henry Reuters Nearly two years into an epic oil rout U S shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans Every six months oil and gas producers and their banks negotiate how much credit t...
HAL
Wall St ends flat small caps rebound in volatile day
By Yasmeen Abutaleb NEW YORK Reuters U S stocks ended flat in a volatile session on Thursday as energy stocks rebounded and investors bought beaten down shares especially small caps The S P broke a three day string of losses recovering from a drop of as much as 1 percent to close with the slimmest of gains ...
HAL
Oil stocks go their separate ways
By Chuck Mikolajczak NEW YORK Reuters Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S P 500 but the relationship between the two is actually starting to break down Crude prices had dropped more than 10 percent in the trading week ended Dec 12 T...
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The Zacks Analyst Blog Highlights Kinder Morgan Schlumberger And Halliburton
For Immediate Release Chicago IL July 21 2017 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog includeKinder Morgan Inc NYSE KMI ...
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Whiting Petroleum WLL What Will Q2 Earnings Unveil
Domestic oil and gas explorer Whiting Petroleum Corp NYSE WLL is set to release second quarter 2017 results after the closing bell on Wednesday Jul 26 In the preceding three month period the Denver CO based company reported stronger than expected results on robust output and cost control Coming to earnings surp...
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Why Halliburton Stock Is Rated A Buy With Caution Before Earnings
Halliburton NYSE NYSE HAL is a large cap company that operates within the energy equipment and services industry Its market cap is 39 billion today and the total one year return is 3 46 for shareholders Halliburton stock is underperforming the market It s beaten down but it reports earnings next week So is i...
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Crude oil at fresh 9 month high after U S claims inventory data eyed
Investing com Crude oil futures hit a fresh nine month high on Thursday adding to gains after a report showed that U S jobless claims held steady near the lowest level since March 2008 last week while traders awaited key U S supply data On the New York Mercantile Exchange light sweet crude futures for delivery in...
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Crude oil futures off 9 month high after U S supply gain
Investing com Crude oil futures edged lower on Wednesday retreating from a nine month high after a report showed a larger than expected increase in U S oil supplies On the New York Mercantile Exchange light sweet crude futures for delivery in April traded at USD105 94 a barrel during U S morning trade shedding 0...
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Crude oil retests 9 month highs on German Confidence U S Jobs
Investing com Crude oil futures traded higher Thursday as German confidence and U S job numbers combined with Iranian tensions lifted the commodity to nine month highs On the New York Mercantile Exchange light sweet crude futures for delivery in April traded at USD106 83 a barrel during U S afternoon trade gai...
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Crude oil futures Weekly outlook February 27 March 2
Investing com Crude oil prices rallied for a seventh day on Friday settling at a nine month high as market sentiment continued to be dominated by growing concerns over a disruption to Iranian oil exports while renewed optimism in the U S economy and indications that the debt crisis in the euro zone is improving le...
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Copper futures decline as global growth concerns weigh
Investing com Copper futures retreated on Monday as sentiment was weighed by fears high oil prices would hurt the global economic recovery as well as ongoing concerns over the euro zone s debt crisis On the Comex division of the New York Mercantile Exchange copper futures for May delivery traded at USD3 839 a pound...
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Cotton futures edge higher after USDA exports rebound
Investing com Cotton futures were up for a second day on Monday amid indications of robust demand for U S supplies after data showed that U S export sales of the fiber spiked last week On the ICE Futures U S Exchange cotton futures for May delivery traded at USD0 9073 a pound during European afternoon trade gai...