Markets
Copper prices fall ahead of US Fed outlook
- June 14, 2017
New Zealand's current account deficit as a proportion of gross domestic product widened in the March quarter to its most in a year, data out on Wednesday showed. Only Neel Kashkari, president of the Minneapolis Fed bank, opposed the increase. The Fed also gave a first clear outline on its plan to reduce its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities, most of which were purchased in the wake of the 2007-2009 financial crisis and recession. (more...)
- June 14, 2017
New Zealand's current account deficit as a proportion of gross domestic product widened in the March quarter to its most in a year, data out on Wednesday showed. Only Neel Kashkari, president of the Minneapolis Fed bank, opposed the increase. The Fed also gave a first clear outline on its plan to reduce its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities, most of which were purchased in the wake of the 2007-2009 financial crisis and recession. (more...)
US Oil Production Seen Thwarting OPEC Effort to Boost Prices
- June 14, 2017
While the news on the cutback extension may boost oil prices in the short term, however it is unlikely to go above $55 in the medium term as flexible Shale producers have become the main determinant of the marginal prices of oil. "The build in gasoline stocks was a result of a further decline in gasoline demand, which marks a very subdued start into the summer driving season", said Fritsch. (more...)
- June 14, 2017
While the news on the cutback extension may boost oil prices in the short term, however it is unlikely to go above $55 in the medium term as flexible Shale producers have become the main determinant of the marginal prices of oil. "The build in gasoline stocks was a result of a further decline in gasoline demand, which marks a very subdued start into the summer driving season", said Fritsch. (more...)
Inflation climbs to near four-year high of 2.9%: ONS
- June 14, 2017
That could raise the pressure on the central bank's rate-setting monetary policy committee when it considers a rate hike later this week. The measure for "core" inflation also rose to 2.6% from 2.2%, the ONS said. Bank of England governor Mark Carney warned last month that this year would see a "more challenging time for households". The biggest upward impact on the cost of living came from recreational and cultural goods and services - including holidays overseas - which overall rose ... (more...)
- June 14, 2017
That could raise the pressure on the central bank's rate-setting monetary policy committee when it considers a rate hike later this week. The measure for "core" inflation also rose to 2.6% from 2.2%, the ONS said. Bank of England governor Mark Carney warned last month that this year would see a "more challenging time for households". The biggest upward impact on the cost of living came from recreational and cultural goods and services - including holidays overseas - which overall rose ... (more...)
Industrial output and retail sales expand faster
- June 14, 2017
The rating agency Moody's downgraded China's rating by one notch in May, citing concerns over the rising debt and slowing growth and reforms as the government tries to implement a shift to economic expansion driven by domestic demand than exports. (more...)
- June 14, 2017
The rating agency Moody's downgraded China's rating by one notch in May, citing concerns over the rising debt and slowing growth and reforms as the government tries to implement a shift to economic expansion driven by domestic demand than exports. (more...)
Trump to take questions in wake of Comey testimony
- June 14, 2017
Looks like Comey will have a long run against fighting off Trump's lawyer, who have flatly denied two of Comey's key claims - that the president put pressure on him over Flynn and demanded his loyalty. That could come from any of several corners. Mueller will likely seek to determine whether anyone on the White House staff discussed what Trump was going to say to, or do with, Comey. (more...)
- June 14, 2017
Looks like Comey will have a long run against fighting off Trump's lawyer, who have flatly denied two of Comey's key claims - that the president put pressure on him over Flynn and demanded his loyalty. That could come from any of several corners. Mueller will likely seek to determine whether anyone on the White House staff discussed what Trump was going to say to, or do with, Comey. (more...)
New Jaguar XF Sportbrake revealed
- June 14, 2017
The auto will now embark upon a UK-wide tour of tennis clubs and schools, with Andy Murray's Wimbledon trophy safely stored within, helping to inspire the next generation of British tennis talent. Away from the new back end, the Sportbrake is pure XF, although there's an optional - and huge - panoramic roof with gesture-controlled blind as well as a kick to open tailgate. (more...)
- June 14, 2017
The auto will now embark upon a UK-wide tour of tennis clubs and schools, with Andy Murray's Wimbledon trophy safely stored within, helping to inspire the next generation of British tennis talent. Away from the new back end, the Sportbrake is pure XF, although there's an optional - and huge - panoramic roof with gesture-controlled blind as well as a kick to open tailgate. (more...)
Cornyn focuses on Comey, Clinton emails in Sessions' Senate hearing on Russian Federation
- June 14, 2017
Sessions appeared before the Senate intelligence committee as part of its investigation into possible ties between Trump campaign officials and Russian Federation. Sessions also said he never had any private meetings or conversations with Russian officials regarding the presidential election. While he had recused himself from the Russian Federation probe, Sessions said, "I did not recuse myself from defending my honor against scurrilous and false allegations". (more...)
- June 14, 2017
Sessions appeared before the Senate intelligence committee as part of its investigation into possible ties between Trump campaign officials and Russian Federation. Sessions also said he never had any private meetings or conversations with Russian officials regarding the presidential election. While he had recused himself from the Russian Federation probe, Sessions said, "I did not recuse myself from defending my honor against scurrilous and false allegations". (more...)
Giffords tweets support following baseball practice shooting
- June 14, 2017
U.S. Rep. Steve Scalise of Louisiana, the House Majority Whip, was one of the people wounded when a rifle-wielding gunman opened fire on the practice. "Today's shooting was tragic, and I'm just grateful that my colleague Steve Scalise and the others who were injured will be okay", Jordan said in a statement. (more...)
- June 14, 2017
U.S. Rep. Steve Scalise of Louisiana, the House Majority Whip, was one of the people wounded when a rifle-wielding gunman opened fire on the practice. "Today's shooting was tragic, and I'm just grateful that my colleague Steve Scalise and the others who were injured will be okay", Jordan said in a statement. (more...)
UnitedHealth Group Incorporated (UNH) Stock Rating Lowered by Zacks Investment Research
- June 14, 2017
Analysts are forecasting earnings of $2.38 on a per share basis this quarter. (NASDAQ:AMZN). Personal Cap Advsr reported 0.77% stake. The stock price decreased -1.22% or $2.21 versus $181.46 at the end of the prior session. Finally, Vetr raised shares of UnitedHealth Group from a "hold" rating to a "buy" rating and set a $179.00 price objective for the company in a research report on Wednesday, April 5th. (more...)
- June 14, 2017
Analysts are forecasting earnings of $2.38 on a per share basis this quarter. (NASDAQ:AMZN). Personal Cap Advsr reported 0.77% stake. The stock price decreased -1.22% or $2.21 versus $181.46 at the end of the prior session. Finally, Vetr raised shares of UnitedHealth Group from a "hold" rating to a "buy" rating and set a $179.00 price objective for the company in a research report on Wednesday, April 5th. (more...)
Ambulance service says 74 in hospital after London tower block fire
- June 14, 2017
A fire broke out in a 24-storey tower in London on Wednesday morning with reports that residents are trapped inside their homes, reported The Guardian . It was fire up, up, up. "They couldn't stop the fire". The disaster occurred 10 days after a terror attack at London's Borough Market. Some residents initially feared the fire was also terror-related, although authorities discounted that possibility. (more...)
- June 14, 2017
A fire broke out in a 24-storey tower in London on Wednesday morning with reports that residents are trapped inside their homes, reported The Guardian . It was fire up, up, up. "They couldn't stop the fire". The disaster occurred 10 days after a terror attack at London's Borough Market. Some residents initially feared the fire was also terror-related, although authorities discounted that possibility. (more...)
Golar LNG Limited (GLNG) Earns "Buy" Rating from Citigroup Inc
- June 14, 2017
They expect $1.83 earnings per share, up 10.24% or $0.17 from last year's $1.66 per share. The Ascend Capital Llc holds 796,603 shares with $18.28 million value, up from 90,000 last quarter. The rating was upgraded by DNB Markets on Friday, July 1 to "Buy". Zacks Investment Research downgraded Golar LNG Partners from a "hold" rating to a "sell" rating in a report on Friday, June 2nd. (more...)
- June 14, 2017
They expect $1.83 earnings per share, up 10.24% or $0.17 from last year's $1.66 per share. The Ascend Capital Llc holds 796,603 shares with $18.28 million value, up from 90,000 last quarter. The rating was upgraded by DNB Markets on Friday, July 1 to "Buy". Zacks Investment Research downgraded Golar LNG Partners from a "hold" rating to a "sell" rating in a report on Friday, June 2nd. (more...)
Walt Disney Company (The) (DIS) Earns Buy Rating from Moffett Nathanson
- June 14, 2017
It has underperformed by 7.44% the S&P500. Following the completion of the transaction, the director now directly owns 48,673 shares in the company, valued at $5,306,330.46. CLSA maintained it with "Outperform" rating and $108 target in Friday, September 23 report. The company was downgraded on Thursday, January 12 by Pivotal Research. (more...)
- June 14, 2017
It has underperformed by 7.44% the S&P500. Following the completion of the transaction, the director now directly owns 48,673 shares in the company, valued at $5,306,330.46. CLSA maintained it with "Outperform" rating and $108 target in Friday, September 23 report. The company was downgraded on Thursday, January 12 by Pivotal Research. (more...)
Trump's travel ban fails in court once again
- June 14, 2017
The Trump administration has asked the Supreme Court to rule on the president's executive order banning entry into the USA for nationals of Iran, Libya, Somalia, Sudan, Syria and Yemen, which Trump argues is necessary to prevent the entry of terrorists. (more...)
- June 14, 2017
The Trump administration has asked the Supreme Court to rule on the president's executive order banning entry into the USA for nationals of Iran, Libya, Somalia, Sudan, Syria and Yemen, which Trump argues is necessary to prevent the entry of terrorists. (more...)
BT Group plc's (BT) "Buy" Rating Reiterated at Citigroup Inc
- June 14, 2017
Lansdowne Partners (Uk) Llp, a United Kingdom-based fund reported 8.11 million shares. California Public Employees Retirement Sys holds 298,300 shares or 0.01% of its portfolio. Furthermore on 9/20/16 Argus Research "Initiates Coverage on" the stock to Hold. The rating was maintained by Goodbody on Monday, September 7 with "Buy". (more...)
- June 14, 2017
Lansdowne Partners (Uk) Llp, a United Kingdom-based fund reported 8.11 million shares. California Public Employees Retirement Sys holds 298,300 shares or 0.01% of its portfolio. Furthermore on 9/20/16 Argus Research "Initiates Coverage on" the stock to Hold. The rating was maintained by Goodbody on Monday, September 7 with "Buy". (more...)
The Ensco Plc (ESV) Shares Bought by World Asset Management Inc
- June 14, 2017
ENSCO PLC accounts for approximately 1.7% of Van Den Berg Management I Inc.'s investment portfolio, making the stock its 24th largest position. Hedge funds and other institutional investors have recently modified their holdings of the company. (more...)
- June 14, 2017
ENSCO PLC accounts for approximately 1.7% of Van Den Berg Management I Inc.'s investment portfolio, making the stock its 24th largest position. Hedge funds and other institutional investors have recently modified their holdings of the company. (more...)
Sanders condemns shooter who 'apparently' volunteered on campaign
- June 14, 2017
Violence of any kind is unacceptable in our society and I condemn this action in the strongest possible terms. Beginning around the summer of 2015, Hodgkinson began often expressing enthusiastic support for Sanders' 2016 campaign. "This individual was not on our radar". According to media reports, Hodgkinson owned a home inspection business called JTH Inspections. Rep. Steve Scalise , a congressional staffer and members of the congressional police force were shot in Alexandria, ... (more...)
- June 14, 2017
Violence of any kind is unacceptable in our society and I condemn this action in the strongest possible terms. Beginning around the summer of 2015, Hodgkinson began often expressing enthusiastic support for Sanders' 2016 campaign. "This individual was not on our radar". According to media reports, Hodgkinson owned a home inspection business called JTH Inspections. Rep. Steve Scalise , a congressional staffer and members of the congressional police force were shot in Alexandria, ... (more...)
Sell-Side Analyst's Predictions: Fossil Group, Inc. (FOSL), Murphy Oil Corporation (MUR)
- June 14, 2017
About 459,188 shares traded. Clovis Oncology Inc (NASDAQ:CLVS) has risen 282.71% since June 14, 2016 and is uptrending. It has outperformed by 6.87% the S&P500. Pitcairn Com holds 0.04% or 2,427 shares. 60 funds opened positions while 160 raised stakes. 395.20 million shares or 1.87% less from 402.74 million shares in 2016Q3 were reported. (more...)
- June 14, 2017
About 459,188 shares traded. Clovis Oncology Inc (NASDAQ:CLVS) has risen 282.71% since June 14, 2016 and is uptrending. It has outperformed by 6.87% the S&P500. Pitcairn Com holds 0.04% or 2,427 shares. 60 funds opened positions while 160 raised stakes. 395.20 million shares or 1.87% less from 402.74 million shares in 2016Q3 were reported. (more...)
Zara-owner Inditex reports 18 percent rise in first-quarter profit
- June 14, 2017
Inditex has consistently outperformed H&M and other outlets in the past few years as a result of its online growth and fast-fashion model that allows it to whistle the latest trends from the runway into stores within days. Analysts expect Inditex to benefit from a more positive currency environment this year. CEO and Chairman at Inditex Pablo Isla, declined to given any elaboration when he was asked during a conference fall about the trading trends. (more...)
- June 14, 2017
Inditex has consistently outperformed H&M and other outlets in the past few years as a result of its online growth and fast-fashion model that allows it to whistle the latest trends from the runway into stores within days. Analysts expect Inditex to benefit from a more positive currency environment this year. CEO and Chairman at Inditex Pablo Isla, declined to given any elaboration when he was asked during a conference fall about the trading trends. (more...)
London tower fire: What do we know?
- June 14, 2017
At least six people died in the blaze. People who escaped the fire at the 27-storey Grenfell Tower in north Kensington spoke of others trapped and screaming for help, with some holding children from windows and others jumping from upper floors. (more...)
- June 14, 2017
At least six people died in the blaze. People who escaped the fire at the 27-storey Grenfell Tower in north Kensington spoke of others trapped and screaming for help, with some holding children from windows and others jumping from upper floors. (more...)
Bill Cosby jury begins Day 3 of deliberations
- June 14, 2017
The most detailed would be a full reading of the Canadian officer's testimony about the report . Constand testified that she was mistaken and prosecutors called a psychologist who told jurors that victims of sexual violence sometimes have trouble remembering details and engage in seemingly irrational behavior in response to the trauma. (more...)
- June 14, 2017
The most detailed would be a full reading of the Canadian officer's testimony about the report . Constand testified that she was mistaken and prosecutors called a psychologist who told jurors that victims of sexual violence sometimes have trouble remembering details and engage in seemingly irrational behavior in response to the trauma. (more...)
Latest news
European Central Bank lowers deposit rate to minus 0.5 percent