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…
Market Update: Stock futures are slightly higher ahead of Tuesday’s open after Italy’s referendum failed over the weekend and investors now look ahead to the ECB meeting on Thursday and then next week’s Fed meeting. It took stocks three days to recover from Brexit, less than one day to recover from the U.S. election, and…
Amazon.com Inc just announced it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters. The name of the store, Amazon Go, will be 1,800-square-feet and get this: use sensors that detect what shoppers buy and automatically bills it to their Amazon account. Will this work? The fact is checkout lines are the…
McDonald’s (MCD) — Nomura upgraded the restaurant chain’s stock to “buy” from “neutral,” saying the issue of tough U.S. comparable sales will subside and that it is enthusiastic about the company’s planned menu updates. Apple (AAPL) — London’s Sunday Times reports that Apple is in a customs dispute with Britain, which is said to have…
