Indian Indices Trade Marginally Higher; Realty Sector Up By 2.2%
After opening the day on a positive note, share markets in India have maintained their momentum and are presently trading in the green. Sectoral indices are trading on a positive note with stocks in the realty sector, energy sector, and consumer durable sector witnessing maximum buying interest. The BSE Sensex is trading up 74 points (up 0.3%) and the NSE Nifty is trading up 23 […]
Euro May Look Past PMI Data As French Election Looms
The preliminary set of April’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide composite measures is expected to show the pace of manufacturing- and service-sector growth held at the six-year high set in March. The outcome can hardly be expected to boost the Euro however as the ECB remains committed to a dovish posture […]
Will Technology Change The Prospects For Emerging Market Growth?
In July 2016 the International Labor Organisation (ILO) released a report entitled – ASEAN in Transformation – in the preface it relates the apocryphal story of a 1950’s conversation between Henry Ford, Chairman of Ford Motor Company, and Walter Reuther, Leader of the United Automobile Workers Union. Ford asked, “Walter, how are you going to […]
Forget IBM, Buy These Thematic Tech ETFs Instead
International Business Machines Corporation (IBM) witnessed year-over-year revenue decline for the 20th time in a row with its Q1 results. The company’s earnings per share came in at $2.38, beating the Zacks Consensus Estimate of $2.34. Its revenues of $18.2 billion, however, fell short of $18.494 billion and declined 3% year over year. The company’s shares […]
A New “Anomaly” Emerges In Chinese Markets
The Shanghai Composite Index, notorious for its wild swings over the past two years, has gone 85 trading days without a loss of more than 1% on a closing basis, the longest stretch since the market’s infancy in 1992. The last 4 days have highlighted the unusual effect in Chinese stocks.. each time the Shanghai […]
From Currency To Law, There Is No Limit To Blockchain Technology
Nobody can dispute the power of artificial intelligence when the topic of the latest technology on data comes up. In the blockchain arena, one of the biggest blockchain breakthroughs comes from integration of artificial intelligence, in the Fintech industry when it comes to lending money. From the look of things, there is no limit to […]
AbbVie/Enanta Post Stellar Phase 3 Data But No One Is Cheering
AbbVie Inc. (NYSE:ABBV) and its partner Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) received exceedingly good news about new Phase III data on their hep C combo for glecaprevir/pibrentasvir. BUT since these drugs first went into combo clinical trials, the market has peaked and begun a painful retreat as the top players scramble to stay competitive. Written by […]
Broken Employment
For the third consecutive month real average weekly earnings fell year-over-year. In March, at least, with the CPI starting its downward leg the decline was by the smallest amount; essentially flat but fractionally less than zero. It was the first time real wages have fallen three in a row since early 2012. The six-month average […]
EUR/USD: Trading ‘Frexit’ Risks – BofAML
The French elections have just become more complicated with the shooting in Paris. What are the risks of this event on EUR/USD? Here is an opinion from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research notes that heading into the French elections, markets are still underpricing the risk, […]
Crude Oil Prices Extend Drop As OPEC Struggles With Reducing Glut
Commodities made little headway over the past trading day. Crude oil prices continued to fall but momentum noticeably slowed from the previous day’s breakneck selloff. Whispers of preliminary agreement on extending the OPEC-led supply cut deal failed to impress after Saudi Arabia Energy Minister Khalid Al-Falih said the scheme failed to reach its inventory reduction goal, at least so far. […]
