Brexit currency effect to have big impact on company results: report
http://www.reuters.com/article/us-usa-results-currency-idUSKCN100280
http://www.reuters.com/article/us-usa-results-currency-idUSKCN100280
Stocks rallied on Wednesday after the latest round of earnings data was announced. Morgan Stanley (MS) and Microsoft (MSFT) both rallied after announcing their results. According to the CME Group’s FedWatch tool, traders see a roughly 40% chance the Fed will hike rates by its December meeting, which was less than 20% a few weeks ago. The US Dollar…
Stocks were very quiet on Tuesday as investors digested the latest round of economic and earnings data. Economic data was relatively light, U.S. housing starts rose by 1.19 million units versus expectations of a 1.17 million. Earnings data was mixed, shares of Netflix (NFLX) and Goldman Sachs (GS) fell after reporting earnings while shares of Johnson and Johnson…
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