| | | | | | | Sponsored by: | How to Analyze Any Stock in 30 Seconds (or Less)
BUY, SELL or HOLD? Knowing which stocks to buy can be tough. But armed with the right tools, you can easily separate the winners from the losers. Watch this short video to see how fast and easy it can be to analyze your stocks and manage your portfolio!
Watch This Video | | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | | The major U.S. index futures are pointing to a mixed opening on Friday, with sentiment suggesting nervousness as the Greek debt crisis is yet to reach a conclusion. With the action now shifting to Saturday, when the two parties central to the crisis, namely Greece and its creditors, are expected to restart their negotiations, uncertainty looms large. The tough stance taken by the IMF and the domestic constraints under which Greece is negotiating the deal are turning out to be bottlenecks. The dollar is firmer and commodities are mostly lower.
U.S. stocks retreated on Thursday, extending their losses for a second straight session, as the stalemate in the Greek debt talks weighed on the markets. The major averages opened higher, as traders savored positive jobless claims and consumer spending data. However, after holding above the unchanged line till afternoon trading, the indexes came under pressure and ended lower for the session.
The Dow Industrials ended up 75.71 points or 0.42 percent at 17,890, the S&P 500 Index closed 6.27 points or 0.30 percent lower at 2,102 and the Nasdaq Composite finished at 5,112, down 10.22 points or 0.20 percent.
Twenty-five of the thirty Dow components closed lower, with 3M (MMM), Chevron (CVX), Caterpillar (CAT) and American Express (AXP) retreating sharply in the session. On the other hand, UnitedHealth (UNH) rallied 2.65 percent.
Among the sectors, oil service and computer hardware stocks came under significant selling pressure.
On the economic front, the Labor Department reported that jobless claims rose to a less than expected 271,000 in the week ended June 20th from an upwardly revised 268,000 in the previous week. The four-week average slipped to 273,750 from 277,000. However, continuing claims calculated with a week's lag rose by 22,000 to 2.247 million in the week ended June 13th.
The Commerce Department also released a report showing that personal income rose 0.5 percent month-over-month in May, equaling the growth in the previous month and slightly better than the 0.4 percent growth expected by economists. Personal spending jumped 0.9 percent, notably faster than the 0.1 percent rate in the previous month and also above the 0.7 percent growth expected by economists.
In real terms, personal spending was up 0.6 percent. The core price consumption expenditure index was up 1.2 percent year-over-year, slower than the 1.3 percent rate in April.
The flash estimate of Markit's survey of conditions in the U.S. service sector showed a slowdown in the pace of expansion. The service sector PMI slipped to 54.8 in June from 56.5 in May.
The Kansas Federal Reserve's regional manufacturing survey showed that the PMI improved to -9 in June from -13 in May, although it suggested that manufacturing activity is still depressed. |
| | Discover Mark Cuban's Investing Secrets | | If you’ve ever watched ABC’s hit TV show, “Shark Tank,” and found yourself thinking: “I wish I could invest in that company right now. I know I’d make a fortune. It’s a no-brainer!”
Then read this message carefully, because it may be the most important wealth-building letter you’ve ever read |
| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | The University of Michigan will release its final U.S. consumer sentiment index for June at 10 am ET. Economists expect the index to rise to 94.6 in June from 90.7 in May, unrevised from the preliminary estimate released in mid-June.
Kansas City Federal Reserve Bank President Esther George is scheduled to speak on the payments system in Kansas City, Missouri at 12:45 pm ET.
|
| | 4 Days, 4 Trades, +40% Average Returns! After years of develoment and testing , a lead stock options trader has develped a simple system that harnesses the power and leverage of options, yet is so easy to use anyone can do it. He'll show you step-by-step how he found and placed 4 trades, and in just 4 days they averaged +40% returns! See exactly how you can use this 10 minute strategy for yoursef by clicking here.
|
| | Stocks in Focus | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | Nike (NKE) reported fourth quarter earnings and revenues that exceeded estimates. The company also said worldwide futures orders for delivery from June through November 2015 were up 2 percent year-over-year at $13.5 billion. The growth was a steeper 13 percent on a currency neutral basis.
Finish Line's (FINL) first quarter results exceeded estimates and it reaffirmed its full year guidance.
Micron (MU) reported third quarter adjusted earnings that trailed estimates and its revenues also missed expectations. The company's fourth quarter revenue guidance was also weak.
Potash Corp. of Saskatchewan (POT) confirmed that it has made a private proposal to acquire Germany's K+S. |
| | Save on Electricity and Natural Gas | | Sign up with ADVFN Preferred Energy Partner Just Energy and start saving on your for electricity, natural gas, solar and green energy bills. Click Here. |
| | European Markets | | European stocks opened moderately lower and languishing in the red in early trading, as the Greek debt talks have been pushed to Saturday. The averages have currently turned mixed.
If Greece and its creditors agree to something by Saturday or Sunday, the Greek and German parliaments need to ratify the package before it can be implemented.
The situation remains critical, as Greece needs to unlock the last 7.2 billion euros of its EU-IMF bailout in order to pay a loan installment to the IMF on June 30th. Greece's current EU bailout also expires on Tuesday.
In corporate news, the U.K.'s Tesco reported a small decline in group sales, excluding fuel and VAT, for the first quarter, although the decline was less than expected.
On the economic front, a report released by the German Federal Statistical Office showed that import prices in Germany fell 0.8 percent year-over-year in May compared to the 0.6 percent decline in April and the 0.4 percent decrease expected by economists. Import prices have been declining since January 2013. On the other hand, export prices rose 1.4 percent, slower than the 1.6 percent increase in April.
Money supply growth in the eurozone unexpectedly slowed in May and loans to the private sector increased, the European Central Bank reported. The M3 money supply advanced 5 percent year-over-year, slower than the 5.3 percent growth seen in April. The money supply was expected to improve to 5.4 percent.
|
| | 
|
| | Asian markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | The major Asian averages retreated, as Greek worries intensified. The Chinese market led the slide, with the Shanghai Composite Index plunging more than 7 percent. On the other hand, the New Zealand and South Korean markets bucked the downtrend with modest gains.
The Japanese market succumbed to the strength of the yen, which gained ground on rising risk aversion. The Nikkei 225 Index languished below the unchanged for much of the session before ending down 65.25 points or 0.31 percent at 20,706.
Oil, real estate, food, mining, pharma and export stocks were among the worst performers of the session. On the other hand, paper, chemical, telecom and financial stocks gained ground.
Australia's All Ordinaries Index fell sharply in early trading and then moved sideways at lower levels. The index closed 83.80 points or 1.49 percent lower at 5,536.
A majority of sectors came under selling pressure, with energy, utility, industrial, material and real estate stocks among the worst decliners of the session.
China's Shanghai Composite plummeted 334.91 points or 7.40 percent before closing at 4,193, and Hong Kong's Hang Seng Index ended at 26,664, down 481.88 points or 1.78 percent.
On the economic front, a trio of reports released by the Japanese Ministry of International Affairs and Communications showed fairly positive results.
Annual Japanese consumer price inflation slowed to 0.5 percent in May from 0.6 percent in April. Economists expected a tamer inflation rate of 0.4 percent. Core consumer prices were up 0.1 percent.
Meanwhile, core consumer prices for the Tokyo region, considered a precursor for the whole of Japan, rose 0.1 percent year-over-year in June, in line with estimate but slower than the 0.2 percent rate in May.
The jobless rate for Japan remained unchanged at 3.3 percent in May, in line with estimates. Meanwhile, household spending rose 4.8 percent year-over-year in May, ahead of the 3.6 percent increase expected by economists. Average income per household rose 1.5 percent compared to a 7.5 percent increase in the average consumption expenditure per household. |
| | 4 Days, 4 Trades, +40% Average Returns! After years of develoment and testing , a lead stock options trader has develped a simple system that harnesses the power and leverage of options, yet is so easy to use anyone can do it. He'll show you step-by-step how he found and placed 4 trades, and in just 4 days they averaged +40% returns! See exactly how you can use this 10 minute strategy for yoursef by clicking here.
|
| | Currency and Commodities Markets | | Crude oil futures are slipping $0.54 to $59.16 a barrel after sliding $0.57 to $59.70 a barrel on Thursday. An ounce of gold is trading at $1,172, up $0.20 from the previous session's close of $1,171.80. On Thursday, gold fell $1.10.
On the currency front, the U.S. dollar is trading at 123.72 yen compared to the 123.63 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.1200 compared to yesterday's $1.1205.
|
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment