| ADVFN Email Usage Survey Please vote below if you find this newsletter useful. | | | | | | This is an email I find valuable in my inbox. | | | | | | | I do not find this content useful. | | | | ADVFN PLC | 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 |
| | | | | | | 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 sharply lower opening on Wednesday, with sentiment turning skeptical as a Greek debt deal appears to be a long drawn proposition. The markets across the Atlantic are also mostly lower following two sessions of solid gains as the Eurogroup meeting is in progress. Meanwhile, reports suggest that the IMF has tabled counter proposals and that Greek is disenchanted with the demands of creditors. Domestically, final first quarter GDP came in line with expectations. The progress of the Greek debt deals could be the key for the market movement of the day.
U.S. stocks went about a volatile ride on Tuesday before ending slightly higher, thereby extending their gains to two straight sessions, as traders digested mostly positive domestic economic data and remained hopeful of a Greek debt deal. The major averages opened higher but began to give back their gains in late morning trading. After languishing mostly below the unchanged line, the averages recovered in late afternoon trading and advanced steadily thereafter.
The Dow Industrials ended up 24.29 points or 0.13 percent at 18,144, the Nasdaq Composite Index added 6.12 points or 0.12 percent before ending at 5,160 and the S&P 500 Index closed 1.35 points or 0.06 percent higher at 2,124.
Sixteen of the thirty Dow components closed higher, while the remaining fourteen stocks retreated. UnitedHealth (UNH) and JP Morgan Chase (JPM) rose strongly, while DuPont (DD) came under selling pressure.
Most of the major sectors showed only modest moves, although strength was visible among steel and energy stocks. On the other hand, utility stocks were among the worst performers of the session.
On the economic front, the Commerce Department reported that durable goods orders fell 1.8 percent month-over-month in May, a bigger than expected drop. Excluding transportation, orders were up 0.5 percent, in line with expectations. Core orders, which are measured as non-defense capital goods orders, excluding aircraft, were up 0.4 percent. Shipments of this category of goods, which is directly plugged into GDP calculations, were up 0.6 percent.
Among individual categories, computers/related communications, transportation equipment, and electrical/appliances all showed weakness, while orders for electronics, machinery, metals and communications improved.
A separate Commerce Department report showed that new home sales came in at a seasonally adjusted annual rate of 546,000 units in May, up 2.2 percent month-over-month. The reading was better than expected and marked the highest rate since February 2008. The previous month's sales were upwardly revised to 534,000 from 517,000. Inventories measured in terms of months of supply edged down 0.1 to 4.5 months and the median sales price of a new home fell to $282,000 from $291,100 in April.
The Federal Housing Finance Agency's house price index for April rose 0.3 percent month-over-month, the same pace of growth as in March and in line with estimates. The year-over-year growth accelerated to 5.3 percent from 5.2 percent.
The flash estimate released by Markit showed that its U.S. manufacturing PMI unexpectedly fell to 53.4 in June from 53.8 in May, while economists expected a reading of 54.2.
The Richmond's Federal Reserve's manufacturing survey showed that manufacturing conditions in the region improved in June, with the manufacturing index rising 5 points to 6 in June.
|
| | 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 | | | While the Commerce Department released a report showing a contraction in U.S. economic activity in the first quarter, the decrease was much smaller than previously estimated.
The report said gross domestic product dipped by 0.2 percent in the first quarter compared to the previously reported 0.7 percent drop. The modest decrease, which came on the heels of 2.2 percent growth in the fourth quarter, matched economist estimates.
The Energy Information Administration is scheduled to release its weekly petroleum status report for the week ended June 19th at 10:30 am ET.
Crude oil stockpiles fell by 2.7 million barrels to 467.9 million barrels in the week ended June 12th. Despite the drop, inventories were near levels not seen for this time of the year in at least the last 80 years.
Gasoline inventories rose by 0.5 million barrels but were in the upper half of the average range. Meanwhile, distillate stockpiles edged up 0.1 million barrels but were in the lower half of the average range for this time of the year.
Refinery capacity utilization averaged 93.6 percent over the four weeks ended June 12th compared to 93.5 percent over the four weeks ended June 5th.
The Treasury Department is due to release the results of its auction of five-year notes at 1 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 | | | Monsanto (MON) reported higher first quarter earnings and its revenues were shy of estimates. The company confirmed its full year 2015 ongoing earnings per share guidance, which was in line.
Lennar's (LEN) reported better than expected second quarter results.
Boeing (BA) announced that its board has elected Dennis Muilenburg as its CEO, succeeding James McNerney Jr., effective July 1st. Muilenburg has served as the company's president and COO since 2013.
Netflix (NFLX) announced that its board has approved a 7-for-1 stock split to be effected in the form of a stock dividend. The stock dividend is payable on July 14th to shareholders of record at the close of business on July 2nd, 2015.
Freeport-McMoRan (FCX) said its wholly-owned subsidiary Freeport-McMoRan Oil & Gas has filed a registration statement on form S-1 with the U.S. SEC related to its potential IPO of class A common stock. The latter's shares are to be listed on the NYSE under the ticker FMOG.
Apogee Enterprises (APOG), Bed Bath & Beyond (BBBY), H.B. Fuller (FUL), Herman Miller (MLHR), Steelcase (SCS) and Worthington (WOR) are among the companies due to release their quarterly results after the close of trading. |
| | 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 experienced some uncertainty in early trading following two straight sessions of solid advances. The averages are currently mixed.
In corporate news, Dutch supermarket chain Ahold and Belgian grocer Delhaize announced a deal to merge. Meanwhile, France's Bouygues said it has rejected a buyout offer for its telecom unit from Altice.
On the economic front, the results of the IfO Institute's survey of German business confidence showed that confidence among German businesses worsened in June, with the corresponding index declining 1.1 points to 107.4. Economists had expected a more modest drop to 108.1.
Revised estimates released by French statistical office INSEE showed that the French economy expanded 0.6 percent sequentially in the first quarter, in line with the preliminary estimate. This marked the fastest rate of growth since the second quarter of 2013.
Eurozone finance ministers are due to meet later today in Brussels to negotiate a deal with Greece before the nation's debt repayment deadline of June 30th. Even if a deal materializes, Greek Prime Minister Alexis Tsipras has to contend with his coalition partners over the reform proposals.
|
| | 
|
| | Asian markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | The major Asian markets advanced for the fourth straight day amid strengthening Greek deal hopes and encouraging U.S. economic data released overnight.
The Japanese market stayed afloat, as the yen weakened amid the dollar strength. The Nikkei 225 INdex opened higher and rose sharply in early trading. After moving sideways till the mid-session, the index gave back some of the gains in the afternoon yet ended up 58.61 points or 0.28 percent at 20,868.
Export stocks moved mostly to the downside, while defensive food, real estate, pharma, financial, utility and resource stocks firmed up.
Australia's All Ordinaries Index showed some volatility in early trading but was firmly in the green thereafter. The index closed off its intraday high at 5,673, up 1.30 points or 0.02 percent.
IT and telecom stocks rallied strongly, and energy, financial and healthcare stocks also found modest buying interest. Meanwhile, material, utility, real estate and consumer stocks lost ground in the session.
Hong Kong's Hang Seng Index closed 67.21 points or 0.25 percent higher at 27,401, and China's Shanghai Composite Index rallied 113.66 points or 2.48 percent before ending at 4,690.
On the economic front, the minutes of the Bank of Japan's May Monetary Policy Board meeting showed that the board members were satisfied with the country's economic recovery. The bank expects the moderate economic recovery to continue and the year-over-year rate of consumer price inflation to be around 0 percent for the time being. The bank had opted to maintain a status quo position at the meeting.
A report released by the Bank of Japan showed that corporate service prices in Japan rose 0.6 percent year-over-year in May, ahead of the 0.5 percent increase expected by economists. In April, services prices were up 0.7 percent.
The Conference Board reported that its leading economic indicators index for China rose 1.1 percent month-over-month in May following a 1.4 percent increase in April. The coincident index was up 0.6 percent. |
| | 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 edging up $0.06 to $61.04 a barrel after advancing $0.63 to $61.01 a barrel on Tuesday. Meanwhile, an ounce of gold is trading at $1,174.40, down $2.30 from the previous session's close of $1,176.60. On Tuesday, gold fell $7.50.
On the currency front, the U.S. dollar is trading at 123.99 yen compared to the 123.94 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1190 compared to yesterday's $1.1167.
|
| | | | | | | 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