Tag Archive
High Hopes For Metals – US-FOREX.US
While recent pullbacks across raw materials may stoke fears of the bubble bursting, commodities bulls are undeterred. Inventories, after all, are extremely low and will have to be replenished once demand improves. Until then, volatility is just part of the game.Fears that China’s inventory build is over and that the economic recovery won’t be as… »
Spains Pains – US-FOREX.US
Pity Spain. While stimulus packages offered by the German and French governments quickly helped lift those nations out of recession in the past quarter, Spain had no such luck, and shrank by a more-than-expected 1% quarter-on quarter, its National Statistics Institute said Friday.It also doesn’t look like the situation will pick up any time soon…. »
Retailers Cant Wait For School – US-FOREX.US
American shoppers can’t decide if they’re ready to spend again or should hold off on that new plasma screen in case they lose their job, their home or their life savings. Big retailers also can’t decide. They posted better July sales figures than some had expected but a mixed batch of second-quarter earnings. Today the… »
The Euro Strikes Back – US-FOREX.US
The euro-zone has hit back at the dollar’s recent gains with the out-of-left-field announcement that its economy barely contracted between April and June.On Thursday the 16-member euro zone reported its gross domestic product fell by only 0.1% during the second quarter, a significant improvement from the 2.5% drop it recorded in the first. The… »
Exports Rise But Trade Deficit Widens – US-FOREX.US
U.S. exports are on the rebound, but rising oil prices widened the trade deficit in June.”The global business cycle is in a state of repair and that involves trade building itself back up, even if it means a modest widening of the deficit,” said Steven Wieting, chief U.S. economist at Citigroup. The trade deficit widened… »
Euro Losing Friends – US-FOREX.US
The Euro is losing its friends, said Andrew Wilkinson, a senior market analyst at Interactive Brokers Group, and could fall as low as 1.33 by the end of the summer.The argument for the euro has centered on the Eurozone’s tempered measures in stimulating its economy, at least compared Britain and the United States. Many on… »
Profit Potential – US-FOREX.US
A surge in earnings among S&P 500 companies may keep the stock rally going into the fall. That’s what economist Steven Wieting of Citigroup believes could happen as industrial companies ramp up production to meet a rebound in demand. The S&P 500 is up 15% in the last four weeks and nearly 50% from its… »
All Quiet On The FOMC Front – US-FOREX.US
Economic improvement, nonthreatening inflation and successful quantitative easing projects should make for an uneventful Federal Open Market Committee meeting on Tuesday and Wednesday.On Tuesday, the branch of the Fed that determines policy will meet for the sixth time this year to assess the effect of its initiatives and map out the future. The central bank… »
July Job Cuts Expected To Wane – US-FOREX.US
Wall Street may be encouraged by the waning level of job losses on Friday, but it will mean little to Americans stuck in unemployment lines and struggling to make ends meet.On Friday, the U.S. Labor Department is expected to announce that the national unemployment rate rose to 9.7% in July, as 300,000 Americans lost their… »
Pink Slips On The Wane – US-FOREX.US
The U.S. economy is doling out fewer and fewer pink slips, as the labor market appears to be on the path of stabilization. Even so, Wall Street and Main Street are still worried that the jobless rate will stagnate and handcuff the recovery.The ADP Employer Services report found the U.S. private sector slashed 371,000 positions… »