Since January this year, central bankers have tried their best to soothe the markets in a bid to weaken their currencies and boost the equity markets. Mario Draghi was the first to attempt during his ECB press conference. The markets did take heed back then but the rally soon fizzled out. Almost a few weeks…
Once the darling of the markets, FANG stocks are suddenly falling fast. Their fate is more or less identical to those of other tech stocks which have suffered a rout since last Friday. This was a consequence of weak earnings guidance offered by LinkedIn Corporation (LNKD – Analyst Report) for the rest of the year. At this…
The US Dollar Index remained near to a multi-month low versus a weighted basket of peers as traders await the outcome of today’s Federal Reserve Bank policy meeting. The Dollar Index, used by traders to assess the relative strength of the Dollar against peers, has now lost more than 3% of its value over the…
Four out of four measures of the UK industry missed: manufacturing production dropped by 0.2% m/m instead of a rise of 0.1% expected. Year over year it fell 1.7% instead of 1.4%. The wider industrial output figures plunged by 1.1% against only -0.1% predicted and y/y, a rise of 1% expected was met with a drop of…
On the heels of the Bank of Japan dropping a key interest rate to negative 0.1% late last month and indicating it is willing to go deeper into negative territory, Bloomberg reports that American analysts see an increasing likelihood that the Federal Reserve is willing to follow suit: If the world’s biggest economy weakens enough that…
Shortly after we detailed the scale of carnage in Japan – a mysterious massive panic-seller of Yen appeared… as Kuroda heads for Parliament… But it’s not holding… Another night, another utter bloodbath in AsiaPac. Japanese markets are plunging (NKY down 600 from US session close) along with USDJPY as Kuroda readies himself to face parliament…
The loonie remained stable Tuesday despite a tumble in oil prices and reported some gains after the Canadian and U.S. bond yield spreads narrowed due to the softness of the USD which was being sold off in exchange for investors looking for safety and moving into the EUR, CHF and JPY. The CAD advanced on…
The EUR/USD soared on Tuesday to its highest level since October 22, rapidly approaching the October 15 main top at 1.1494. From a technical perspective, this is a very important cycle date since it was the day that many investors feel that the markets decided a rate hike by the Fed before the end of 2015…
Panera Bread Co (PNRA – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.88 and revenue of $691.7 million. Currently, PNRA has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report…
After another soggy Asian session, European markets have begun on a firm note, and US shares are trading broadly higher in Europe as well. Led by the beleaguered financial shares, and healthcare, the Dow Jones Stoxx 600 is up 2%. Similarly, the peripheral bonds, including Portugal (though not Greece) are seeing a reprieve from the…
