July 16, 2014 – Stock Market News Today’s Hot Asset – Ebay Stocks in Asia continued to trade higher for a second consecutive session this morning. Investors within Asia were given a massive boost of confidence after seeing that their economy has grown faster than expected during the second quarter. This news immediately made equities […]
European markets have opened in positive territory today, as traders cheered better-than-expected Chinese second-quarter GDP data. Closer home, market participants await UK ILO unemployment and claimant count data which are expected to show an improvement in UK labour market conditions. Additionally, traders will closely track the Federal Reserve chief, Janet Yellen’s second-day testimony and Eurozone […]
European markets have opened in positive territory today, as traders cheered better-than-expected Chinese second-quarter GDP data. Closer home, market participants await UK ILO unemployment and claimant count data which are expected to show an improvement in UK labour market conditions. Additionally, traders will closely track the Federal Reserve chief, Janet Yellen’s second-day testimony and Eurozone […]
Editor’s note: The article below is adapted from the transcript of the live presentation above, originally recorded at the 2014 Las Vegas Money Show. It features Elliott Wave International Chief Market Analyst Steve Hochberg. Hochberg is co-editor of The Elliott Wave Financial Forecast, one of EWI’s flasgship market letters. Click here for a free excerpt […]
In June, the U.S. government, revising its previous number, reported that the economy shrank by 2.9% in the first quarter of 2014. The steep plunge caught the bulls by surprise. It was substantially worse than the preliminary forecast for a 1.0% contraction, which itself was a far cry from the initial 0.1% growth forecast in […]
July 15, 2014 – Daily Market News Today’s Hot Assets: EUR, GBP, USD U.S. stocks gained after Citigroup released better than expected earnings and Apple’s rating was boosted ahead of their earnings report on July 22. Apple’s target price was also increased pushing the stock 1.3% higher. At session close the S&P 500 was 0.48% […]
July 15, 2014 – Stock Market News Today’s Hot Asset’s – Goldman Sachs & JP Morgan Chase Stocks in the U.S. look set to open the second session of the week trading steady. Investors look set to show their caution during the session today as they await Janet Yellens testimony which is due to take […]
July 15, 2014 – Indices News Asian stocks have continued the upwards movement for the 2nd day on the positive outlook for U.S stocks. In Japan, all 10 industry groups on the regional gauge rose. The MSCI Asia Pacific Index moved up 0.4% in Hong Kong. Heng Seng closed 0.45% higher mainly on auto marker […]
July 15, 2014 – Forex News Hot asset for today: GBP/USD Yesterday, the EUR/USD pair moved slightly up but the overall trend can be classify as sideways. The pair did not reacted much on Mario Draghi’s testimony where he introduced program to boost credit with a new lending program for banks. Draghi said that ECB […]
July 15, 2014 – Indices News Asian stocks have continued the upwards movement for the 2nd day on the positive outlook for U.S stocks. In Japan, all 10 industry groups on the regional gauge rose. The MSCI Asia Pacific Index moved up 0.4% in Hong Kong. Heng Seng closed 0.45% higher mainly on auto marker […]
European stock markets fell on Tuesday as traders expressed a degree of hesitation before significant economic data releases, whilst concerns over Portugal’s Banco Espirito Santo returned to the fore. The Stoxx Europe 600 Index slipped 0.2% while the DAX in Frankfurt fell 0.1% but the FTSE100 index in London was up, though by only 0.2%. […]
European markets have opened mostly lower today, ahead of the US Federal Reserve Bank chief, Janet Yellen’s semi-annual testimony before the US Senate committee due later today. Closer home, traders await UK’s consumer prices data due later today which is expected to show that inflation ticked up marginally in June. Additionally, market participants will keep […]
European markets have opened mostly lower today, ahead of the US Federal Reserve Bank chief, Janet Yellen’s semi-annual testimony before the US Senate committee due later today. Closer home, traders await UK’s consumer prices data due later today which is expected to show that inflation ticked up marginally in June. Additionally, market participants will keep […]
July 14, 2014 – Stock Market News Today’s Hot Asset – Citigroup Stocks in Asia traded sharply higher during this mornings first trading session of the week. Investors in Asia were in a very optimistic mood this morning, as they looked ahead to numerous fundamental data releases out later in the week. Investors were also […]
July 14, 2014 – Daily Market News Today’s Hot Asset: EUR The U.S. stock market closed higher on Friday following upbeat earnings from Wells Fargo. Wells Fargo reported that profits rose by 3% to $5.42 billion in the second quarter. At session close the S&P 500 was 0.15% higher and the Dow Jones was 0.17% […]
Asian Stocks Stocks in the Asian region were seen starting the week trading higher on Monday as investors in Japan digest the nation’s upbeat industrial output report. Japan The Japanese Nikkei 225 index added 0.88%, ending the session at 15,296.82, while Tokyo’s Topix index advanced 0.79% to 1,265.54 points. The Japanese telecommunication and internet corporation […]
July 14, 2014 – Weekly News WEEKLY REPORT 14/07-18/07 EUR/USD Last week the EUR/USD pair rebounded from one week low and by Thursday 10th it climbed to 1.3650 level. The main reason for the rebound was FOMC Meeting Minutes report where most of the investors expected some bullish progression in terms of interest rates hike. […]
European stock markets are in the black Monday, following the positive lead of Asian stocks overnight as investors attempt to look past last week’s alarming noises out of the Portuguese banking system. Market participants are generally upbeat ahead of a busy week of US corporate earnings and economic data out of China and the US. […]
European markets have opened higher today, amid easing tensions over the financial health of a major Portuguese bank and ahead of the Euro-zone industrial production data for May. Closer home, market participants await the BRC retail sales data which is widely expected to show that like-for-like retail sales rose at a faster pace in June. […]
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Asian Stocks Stocks in the Asian region were seen trading lower on Friday, dragged lower by the debt default in Portugal that brought up concerns about the European financial sector. Japan The Japanese benchmark Nikkei 225 index edged 0.34% lower, trading at 15,164.04, while Tokyo’s Topix index slid 0.30%, ending the session at 1,255.60. Honda […]
July 11, 2014 – Daily Market News Today’s Hot Asset: CAD One of Portugal’s main banks, Espirito Santo International, decided to delay a debt payment. The decision sent stock markets tumbling and pushed bond yields skyward. This caused uncertainty to resurface about the European economy. Following this, U.S. stocks declined despite positive Initial Jobless Claims […]
July 11, 2014 Hot Asset For Today: EUR/USD The EUR/USD has been fluctuating since the latter half of yesterday. Despite the quieting influence of the weekend, the EUR/USD may experience some upward movement today as the German CPI data just came out meeting expectations – a bullish tidbit considering that the whole EU is worried […]
European stock markets rose on Friday, after Thursday’s losses which were sparked by Portuguese banking sector woes as well as some poor Euro-zone economic data. The Stoxx 600 rose 0.4% while the UK’s FTSE100 is up 0.5% and the DAX in Germany is higher by 0.6%. Peripheral euro zone benchmarks attempted to rebound from previous […]
European stocks Stocks in Europe were seen trading lower on Thursday as investors digest data from Italy, France and the UK. The European Euro Stoxx 50 slid 40% lower to 3,199.50 at the time of writing, while Germany’s DAX fell 0.22% to 9,799.80. The French CAC 40 lost 0.28%, trading at 4,352.30, while UK’s benchmark […]
July 11, 2014 – Indices News Yesterday, U.S. stocks opened with a sharp downwards direction following the bearish trend in the EU-zone session. However, the Dow Jones managed to move back upwards in a corrective movement and closing only -0.9% lower. The S&P 500 also followed the same movement, closing -1.05% lower. In the past […]
July 11, 2014 – Stock Market News Today’s Hot Asset – BNP Paribas Stocks in Europe traded lower throughout the penultimate session of the week. Investors started the session in a negative frame of mind following the Federal Reserve’s comments from the day before. The mood did not improve as the session progressed following the […]
European markets have opened higher today, reversing some of its previous session losses triggered by tensions over the financial health of a major Portuguese bank. Later today, market participants await UK construction output data which is expected to show that construction activity increased at a faster pace in May. Meanwhile, the CB leading economic index […]
July 10, 2014 – Indices News Asian stock were mixed as Hang Seng (+0.27%), TSEC 50 (+0.79%) and the Australian ASX (+0.22%) all reversed from a two days of bearish momentum and demonstrated a new bullish trend. The majority of the upwards movement was driven by the utilities sectors. Korea Electric Power Crop, went up […]
