Market Update: Stock futures are mixed to lower before Monday’s open. Crude oil is up after OPEC and Non OPEC members struck a deal to cut production for the first time since 2001. Separately, investors are now waiting for the Fed meeting on Wednesday. Gary’s Thoughts: Our longer weekend report will be out tonight. NASDAQ…
Stocks rallied on Thursday after the ECB held rates steady and extended QE until December 2017. Currently, the ECB is buying 80 billion euros a month and that will drop down to 60 billion starting in April 2017. Financials, transports, steel, industrials, materials, and other areas that are working continued to run and are now…
Market Update: Stock futures are higher before Friday’s open one day after the ECB announced 2.4T in easy money and extended its QE program until December 2017. Gary’s Thoughts:Easy money continues while we now look to get an ease up on regs and taxes and mandates and fees and fines. Markets love it. Economic Calendar:…
Market Update: Stock futures are flat before Thursday’s open after the ECB left rates unchanged and extended QE until December 2017. The ECB is currently buying 80 billion euros a month and it will start buying 60 billion euros in April-Dec 2017. Next week the Fed will meet and we’ll see what they do. Gary’s Thoughts:…
Stocks soared on Wednesday as investors continued to buy the very good of the trump rally. Financials, Steel, Transports, were some of the areas that led the market higher. Overnight, India’s central bank unexpectedly kept interest rates unchanged. The benchmark repurchase rate stayed at a six-year low of 6.25%. Donald Trump just beat Hillary Clinton again — and was…
TOP 10 | The airlines that earn most from extra charges United – $6,199,000,000 (£4.8bn) American – $4,718,000,000 (£3.6bn) Delta – $3,775,102,000 (£2.9bn) Air France/KLM – $2,165,996,840 (£1.66bn) Southwest – $2,118,600,000 (£1.63bn) Ryanair – $1,738,783,339 (£1.3bn) Lufthansa Group – $1,493,634,397 (£1.15bn) easyJet – £1,465,956,723 (£1.09bn) Qantas – $1,167,168,403 (£900m) Alaska Air – $1,092,000,000 (£840m) Source:…
Stocks edged higher on Tuesday helping the Dow Jones Industrial Average hit a fresh record high in quiet trade. Economic data was relatively quiet. The Labor Department said U.S. productivity rose at an annualized rate of +3.1% in Q3. The U.S. trade deficit widened to $42.6 billion and October factory orders, rose 2.7 percent, matching estimates. Gary’s…
Market Update: Stock futures are quiet before Wednesday’s open as investors wait for Tomorrow’s ECB meeting and then next week’s Fed meeting. Gary’s Thoughts: Down a wee bit but for us, the bigger story that Trump was named Time man of the year…BUT…in that interview states he is going to bring down the price of…
Inflation: 720% …
Stocks rallied on Monday after Italy voted “no” on their referendum to reform the constitution. Italy’s Prime Minister, Matteo Renzi, resigned after his party lost and the “no” vote won. Overnight, futures were down slightly but they turned higher as the euro reversed from a big loss on the news. Once again, markets are adopting to…
