Markets


Trump relies on 'dynamic scoring' to pay for tax cuts Trump relies on 'dynamic scoring' to pay for tax cuts
- April 26, 2017

Minister for Finance Michael Noonan said on the fringes of the IMF-World Bank meetings in Washington that the border tax appeared to have receded from the conversation about United States tax reform. Colorado Democrats are trying to send a message to Donald Trump and any future presidential or vice presidential candidates: show us your tax returns or you won't be on Colorado's ballot. (more...)
Trump to Make Big Tax Reform Announcement Next Week
- April 26, 2017

On Friday, Trump is expected to sign an order that would fit into his administration's "America First" energy policy, the source said, but did not provide details. It will be a few broad principles and maybe some guidelines. Asked if that would include rules against tax-driven foreign corporate deals known as inversions, Mnuchin said: "It's one of the significant things and one of the things we would be looking at". (more...)
French Election Relief Sends Euro Soaring
- April 26, 2017

In 2015, Marine Le Pen pushed him out of the party because he refused to desist from anti-Semitic provocations that were undermining both her bid to become French president and her bid to make the National Front an acceptable political alternative. (more...)
Man dragged from United Airlines flight launches legal action Man dragged from United Airlines flight launches legal action
- April 26, 2017

Munoz is under pressure to contain a torrent of bad publicity and calls for boycotts against United unleashed by videos that captured Dao's rough treatment by airline and airport security staff. Spicer declined to say whether the White House or federal authorities would get involved, saying he didn't want to "get ahead" of an investigation being conducted by the airline and local authorities. (more...)
North Korea marks army anniversary with live fire drill
- April 26, 2017

Trump warned that the world has "put blindfolds on for decades" on North Korea and should place tougher sanctions on the isolated Stalinist nation. Fears have also mounted in recent weeks that North Korea could soon conduct a sixth nuclear test or another missile launch. (more...)
What are Research Firms Saying About Summit Midstream Partners, LP (NYSE:SMLP)? What are Research Firms Saying About Summit Midstream Partners, LP (NYSE:SMLP)?
- April 26, 2017

United Therapeutics Corporation (NASDAQ:UTHR) has declined 0.49% since September 16, 2016 and is downtrending. The stock of Magellan Midstream Partners, L.P. (NASDAQ:MMLP) shares with value of $71 were bought by BOOTH CHRIS H. 05/19/2014 - Martin Midstream Partners L.P. had its " rating reiterated by analysts at Robert W. (more...)
Dueling Shows Of Force As Tensions Ratchet Up On Korean Peninsula
- April 26, 2017

Yonhap News reported that Kim attended North Korea's largest-ever live-fire artillery exercise east of Pyongyang, prompting South Korea's defense ministry to monitor developments in the area. Earlier Tuesday, a USA submarine made a port call in South Korea in what USA officials said was a show of force amid mounting tensions in the region. (more...)
US Drilling Growth Shows First Signs of Cooling Off at $50 Oil
- April 26, 2017

June WTI futures held around $50.60 p/b into the United States open with Brent drifting just below the $53.00 p/b level as a firmer dollar tone against the Euro and Sterling also limited the potential for price support. Citigroup Inc. joined Goldman Sachs Group Inc. this week in retaining a strong outlook on commodities, saying oil will probably rally to the mid-$60s by the end of the year. (more...)
Asian stocks extend gains on bullish Wall Street, euro steady Asian stocks extend gains on bullish Wall Street, euro steady
- April 26, 2017

European stocks also look set for a strong start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 to open up 0.2 percent and Germany's DAX to start the day 0.3 percent higher. In the USA, the VIX index that many investors see as a measure of the market's fear level plunged 25 percent. The price of gold fell $17.10, or 1.3 percent, to $1272.00 per ounce. (more...)
Obama to charge $400000 for banking gig Obama to charge $400000 for banking gig
- April 26, 2017

His speaking fee will be $400,000, which is almost twice as much as Hillary Clinton, his secretary of state, and the 2016 Democratic Party candidate, charged private businesses for such events. " He went on the attack against Wall Street, and now he's being fed by those same people he called 'fat cats.' It's more hypocritical than ironic". Barack Obama is in an excellent position to disprove that "mainstream politics is just a moneymaking hustle", but he's off to a awful start, accepting ... (more...)
Economy Watch: IMF Ups Forecast for 2017 Global Growth Economy Watch: IMF Ups Forecast for 2017 Global Growth
- April 26, 2017

Growth in the world's second largest economy stabilised at 6.7 percent past year thanks to Beijing's increased infrastructure spending and continued credit growth that fuelled a boom in the real estate market. Saudi Arabia's growth is forecast to grow at just 0.4 per cent this year, compared with a forecast last October of 2 per cent. The IMF upgraded its forecast for the global economic growth by 0.1 percentage points on Tuesday to 3.5%. (more...)
Why Trump the trade critic now offers an outstretched hand
- April 26, 2017

Asian equities evaded currency manipulator label in the latest report by U.S. Treasury, but still remain wary of possible trade frictions, as U.S. President, Donald Trump maintains his administration will seek to address trade imbalances. (more...)
Celtics Nab Win Over Bulls, Tie Series; Cavs Down Pacers Celtics Nab Win Over Bulls, Tie Series; Cavs Down Pacers
- April 26, 2017

Lance Stephenson led IN with 22 points, Myles Turner had 20, and Paul George finished with 15 on 5-of-21 shooting. Lance Stephenson came off the IN bench to lead the Pacers with 22 points. Now Cleveland takes a seven-game winning streak into the Eastern Conference semifinals against either Milwaukee or Toronto. Assistant Mike Brown took over and the Warriors overcame a 17-point first-half deficit to win 119-113 and go up 3-0 in the first-round series. (more...)
Royal Bank of Canada Reaffirms Outperform Rating for Texas Instruments Incorporated (TXN) Royal Bank of Canada Reaffirms Outperform Rating for Texas Instruments Incorporated (TXN)
- April 26, 2017

In its fiscal fourth quarter earnings results, reported in January, the Texas-based company beat Wall Street estimates on earnings per share and beat on revenue. Montag A And invested 0.07% in Texas Instruments Incorporated (NASDAQ:TXN). The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. (more...)
Trump's 100-days promises: Fewer than half carried out Trump's 100-days promises: Fewer than half carried out
- April 26, 2017

No House vote on health care is expected this week . Trump promised to cancel payments to United Nations climate change programs and pull out of the Paris climate accord within his first 100 days . "The president's comments this evening are welcome news given the bipartisan opposition to the wall, and the obstacle it has been to the continuing bipartisan negotiations in the appropriations committees", she said in a statement late Monday. (more...)
Trump wants 15 percent corporate tax rate
- April 26, 2017

Mnuchin said at the Monday White House news briefing: "The tax reform will pay for itself ". Tax reform would likely have a modest effect on growth, nearly surely not enough to match the administration's 3 percent growth target, said Mark Mazur, director of the nonpartisan Tax Policy Center and a former assistant treasury secretary for tax policy in the Obama administration. (more...)
Oil markets on path to recovery due to Opec deal
- April 26, 2017

The EIA (U.S. Energy Information Administration ) reported that United States gasoline inventories rose by 1.5 MMbbls (million barrels) to 237.7 MMbbls on April 7-14, 2017. "In other words, production of these refined products is expected to rise, increasing inventories". Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.16 to trade at $54.73. (more...)
Australia's Annual Core Inflation Nears Central Bank's Target
- April 26, 2017

The reading is within the Reserve Bank of Australia's 2-3 percent target band for the first time since the September quarter of 2014, boosted by price rises for petrol and electricity, which was partly offset by a drop in the cost of fruit. (more...)
The Big Upgrade That Is Driving Steel Stocks The Big Upgrade That Is Driving Steel Stocks
- April 26, 2017

Several equities analysts have issued reports on X shares. The stock has earnings growth of -8.50% yoy and showed a low EPS growth of -23.90% over the past five years. Minnesota-based Ameriprise Inc has invested 0.02% in AK Steel Holding Corporation (NYSE:AKS). AlphaOne also assigned news headlines about the basic materials company an impact score of 95 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. (more...)
BHP Billiton Cuts 2017 Copper Production Outlook BHP Billiton Cuts 2017 Copper Production Outlook
- April 26, 2017

TRADEMARK VIOLATION NOTICE: "BHP Billiton plc (BLT) Price Target Cut to GBX 1,300" was published by BBNS and is owned by of BBNS. At 1011 local time AEST, shares in BHP were up 0.73 percent, or 17.5 Australian cents, to trade at 24.11 dollars (18.18 USA dollars) per share. (more...)