Written by Gary
Markets opened up fractionally on moderate volume as a spate of companies beat lowered expectations, helping to ease fears of a disappointing earnings quarter, but immediately began to head south.
Oil has remained steady with the U.S. Dollar trying to climb on continuing moderate volume. Anything could happen in today"s session and here is what we think is going to happen.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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from Challenger Gray and Christmas
An improving economy and falling unemployment should significantly improve the job prospects for the nation"s teens this summer; at least, for the declining number of teens who actually want jobs.
Infographic Of The Day: The Hashtag
Like any good story, let’s start at the beginning.
FOREX NEWS by DailyForex
Speaking during a question and answer session in New York on Monday, Reserve Bank of Australia Governor Glenn Stevens told his audience that rate cuts were not "useless," but that their potential had become more limited.
The People’s Bank of China announced earlier that they were slashing banks’ reserve requirements in an effort to encourage bank lending while at the same time attempting to reverse the country’s slow growth trend.
Last week saw all of the world’s major markets losing ground, partially, over concerns about the looming Greek debt crisis and its potential ramifications for the Euro. Time for a deal is running out and there are no signs that a solution is imminent.
According to well-known investor, Marc Faber, Greece is bankrupt and should default, positing that a "geopolitical game of chess" was being played out in the region.
As fears of a default weighed on European and U.S. stock and bond markets, the European head of the International Monetary Fund (IMF) said on Friday that Greece’s growth projections will need to be "significantly" revised down from the estimate made last week that Greece's economy would grow by 2.5 percent this year and 3.7 percent in 2016.
21Apr2015 Pre-Market Commentary: U.S. Futures Up, Corporate Earning Coming In Mixed, Oil Dipped Slightly
by Michael Grogan, First Class Analytics
With an economic slowdown in China and a fall in commodity prices, Australian iron ore exports have been hit hard. With the commodity being Australia"s largest export and accounting for over 74 billion AUD in the years 2013-14, Chinese iron ore import prices (in $ per tonne) have fallen from approximately $120 during this period to just under a current price of $60.
Written by Gary
Premarkets are up as oil prices dipped slightly this morning but remained near a 2015 peak reached last week as expectations of another rise in U.S. stockpiles and near-record-high Saudi Arabian output were balanced by rising tension in the Middle East.
United Technologies reported mixed first quarter earnings on Tuesday, as it continues to battle the stronger dollar. Click more for this mornings prognosis.
20Apr2015 Market Close: No Surprises Today, Nothing To See, Move Along. Markets Close Up, DOW Up Tri
from the American Chemistry Council
The Chemical Activity Barometer (CAB), was up 0.1 percent in April, as measured on a three-month moving average (3MMA). Reaching an index of 98.1, last seen in January 2008, the CAB remains up 2.6 percent over a year ago, and suggests gains in business activity will continue into the fourth quarter.