Wall Street Hits Highs Due To Easing Of Global Monetary Policies
Wall Street stocks are on a rising trend on the back of continued monetary easing policies being initiated across the globe as well as due to an increase in oil prices. All U.S. stock exchanges – the Dow Jones, U.S.
Read MoreBroadridge remains bullish on strong FY17 growth outlook
Investor communication solutions provider Broadridge Financial Solutions, Inc. (BR) reported a rise in the fiscal 2016 fourth-quarter revenue and earnings, compared to the similar period last year. However, the Q4 earnings and revenue respectively met and missed the analysts’ expectations.
Read MoreRecord high trade deficit keeps the Canadian dollar weak
The decline in the price of crude oil and the unimpressive stimulus measures announced by the BoJ enabled the CAD/JPY pair to decline from a high of 82.49 to 76.40 in a matter of one month. However, there recent developments
Read MoreUK Government To Recoup Its Bailout Investment In Lloyds
British Investment firm Hargreaves Lansdown has said that the UK government was now in a position to recover the money it had invested into the Lloyds Banking Group in 2009 which served as a bailout package. The analysis carried out
Read MoreAmerisourceBergen tops Q3 estimates, raises FY16 EPS view
On expectations of impressive third-quarter performance, beginning June 2016, the shares of the drug wholesale company AmerisourceBergen Corporation (NYSE: ABC) started rising from 12-month low of $73.30. The company did not let down the investors. Last week, AmerisourceBergen, formed by
Read MoreUpbeat construction PMI data turns Pound bullish
The unwinding of short positions continues to keep the Pound firm against the major currencies, including the Swiss Franc. The Swiss National Bank’s policy of keeping the Franc weak, in order to fight deflation and boost exports, has also aided
Read More3M misses Q2 rev. estimates, slashes FY16 rev. outlook
Tougher business conditions continue to impact the performance of several well known multinational companies. The latest addition to that list is 3M Company (NYSE: MMM). The renowned manufacturer of post-it products reported lackluster fiscal 2016 second-quarter revenue that missed the
Read MoreRinggit to strengthen on forecasted 4.2% YoY GDP growth
The stellar non-farm employment change, better than expected core retails sales, a decline in the unemployment claims, higher than expected flash manufacturing PMI, and Brexit related uncertainty enabled the US dollar to have an exceptional bullish run against most of
Read MoreAmphenol beats Q2 expectations, raises FY16 EPS outlook
Aided by an increase in demand for electronic goods worldwide, Amphenol Corporation (APH), the designer and manufacturer of high-tech electrical and electronic components, reported more than a 10% rise in the fiscal 2016 net sales, compared to prior year’s corresponding
Read MorePound signals reversal on rise in core CPI
On June 17th , we had recommended taking a long position in the GBPPLN currency pair at 5.50 with a target of 5.70. In a matter of one week, the GBP/PLN pair hit a high of 5.7460, before falling sharply
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