| | | | | | | The 10-Minute Investor Consistently outperform the market in less than 10 minutes a day. Discover a step-by-step system to move from inconsistent to consistent gains in the stock market. Break free of the old, broken investing model and plug-in to a successful investing plan. Attend my free webinar and learn: - My 3-Part stock buying checklist
- My 10-Minute Routine
- 4 big mistakes to avoid.
LEARN MORE | | |
| | 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 higher opening on Monday, signaling a notably positive opening amid euphoria over a conditional agreement reached between Greece and its creditors. After what was termed as laborious negotiations by EU officials that went on for about 17 hours, Greece capitulated to very tough reforms proposed by its creditors. These proposals should now be vetted by the Greek Parliament before a bailout agreement could be finalized. Reports have emerged that the leftist party in Greece has already began to protest against these measures, casting clouds on smooth passage of the bill regarding these proposals and its enactment. That said, some relief could be expressed by the markets, as Greek Prime Minister Alexis Tsipras was tamed to surrender to the proposals.
U.S. stocks closed mixed in the week ended July 10th, as markets reacted to the volatility in the Chinese markets and the developments on the Greek debt crisis.
Last Monday, the major averages closed moderately lower, weighed down by Greek debt worries. The negative sentiment came despite the release of an in line service sector reading. Although the Greek preoccupation pressured stocks early on Tuesday, the averages reversed course as the day progressed and ended higher for the session.
Selling resumed on Wednesday, as the extended sell-off in the Chinese markets and the ongoing concerns about Greece sapped risk appetite. The major averages rose modestly on Thursday, as the sell-off in the Chinese market stalled and Greece worked towards a deal. Optimism concerning a Greek deal and dovish comments from Federal Reserve Chair Janet Yellen helped the major U.S. averages extend their gains on Friday.
For the week ended July 10th, the Dow Industrials rose 0.17 percent, while the S&P 500 Index and the Nasdaq Composite slipped 0.01 percent and 0.23 percent, respectively.
Among the sectors, the NYSE Arca Gold Bugs Index and the Philadelphia Semiconductor Index fell 4.84 percent and 3.88 percent, respectively. Additionally, the Philadelphia Oil Service Index and the NYSE Arca Oil Index lost 2.88 percent and 1.76 percent, respectively. On the other hand, the NYSE Arca Airline Index jumped 2.78 percent and the Dow Jones Transportation Average and the Philadelphia Housing Sector Index gained over 1 percent each.
|
| | Market Shrink Predicts Market Reversal dates in Advance What if you knew when the markets were going to reverse - weeks in advance? Market timing guru Wood Dorsey can tell you. His Sentiment Timing report makes that infomation available to retail investors.
Click here to get the date of the next market reversal Free |
| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | Manufacturing, housing and consumer readings are likely to dominate proceedings in the unfolding week. The focus of the week is likely to be on the Commerce Department's retail sales report for June, the Labor Department's consumer price inflation report for June, the preliminary reading of the University of Michigan's consumer sentiment reading for July, the results of separate regional manufacturing surveys for July by the New York and Philly Feds, the Fed's industrial production data for June, the National Association of Home Builders' housing market index for July and the Commerce Department's housing starts report for June.
The Federal Reserve's Beige Book report, the jobless claims report and a few Fed speeches scheduled for the week, including Yellen's semi-annual monetary policy testimony, may also be in the spotlight. The monthly Treasury Budgetary statement for June, the Commerce Department's business inventories report for May and the Labor Department's producer price inflation report for June round up the economic events of the week.
The Treasury Department is due to release its monthly budgetary statement for June at 2 pm ET. Economists expect a surplus of $51 billion for the month compared to a deficit of $82.4 billion in May.
|
| | 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 | | | Seagate Technology cut its revenue outlook for fourth quarter below the consensus estimate, citing lower than expected intra-quarter demand.
Jacobs Engineering announced the appointment of Steven Demetriou as its President and CEO. Demetriou will start in his new role with Jacobs on August 17.
BorgWarner said it has agreed to acquire Remy International, Inc. , a producer of rotating electrical components, for $29.50 per share in cash.
Under the terms of the agreement, BorgWarner will acquire the outstanding shares of Remy for $29.50 in cash, which implies an enterprise value of Remy of about $1.2 billion.
Jarden agreed to acquire Waddington Group, a manufacturer and marketer of premium disposable tableware, from its private-equity owner Olympus Partners and other stockholders in a deal valued at about $1.35 billion.
Halliburton and Baker Hughes announced they have signed a timing agreement with the Antitrust division of the U.S. Justice Department that allows the extension of the period for the DOJ's review of Halliburton's previously announced acquisition of Baker Hughes to the later of November 25th, 2015 or 90 days after both companies have complied with the DOJ's second request. The closing of the deal is extended no later than December 1st, 2015.
Ryder announced an increase in its quarterly dividend to $0.41 per share from $0.37 per share. |
| | Confused by options but KNOW there's massive potential?
If you're feeling that way...don't. I'll GIVE you the Complete Guide To Understanding Options Trading. It'll give you the actionable strategies, understanding, and insight YOU need to become the options trader you know you can be...Get the FREE eBook HERE… |
| | European Markets | | European stocks started on buoyant note, reacting positively to the news of the Greek debt deal being done. The three major averages in the region, namely the French CAC 40 Index, the German DAX Index and the U.K. FTSE 100 Index are all notably higher.
After seventeen hours of negotiations, Greece and the European Union have finally reached a conditional agreement that consists of several tough austerity measures and could eventually lead to a bailout deal. Ironically, the Greek population rejected reform measures through a referendum just last week.
The austerity measures will now have to be approved by the Greek parliament by Wednesday, a pre-condition for talks on a third bailout, which could unlock 50 billion euros in funding for the troubled nation.
The intricacies and complexities involved have made traders skeptical, which is evident in the trading in euro, which is lower across the board.
|
| | +$1 million Profit on Tesla...in TWO DAYS!?
Simple...right place, time, strategy. But it was options he used to make a once in a lifetime trade. Today you've got a chance to learn the exact strategies that lead to a million-dollar trade. FREE! The Complete Guide To Understanding Options (Click here to receive a complimentary copy) |
| | Asian markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Most Asian markets closed higher for the session, although early closing markets such as Australia and New Zealand closed lower. While the markets started on a lackluster note, strong buying emerged amid the materialization of a Greek debt deal. Positive export data out of China also supported sentiment.
The Japanese market opened higher and rose steadily in the morning session before going about a consolidation move in the afternoon. The Nikkei 225 index ended up 309.94 points or 1.57 percent at 20,090. A majority of stocks advanced in the session, as the yen was weaker in the Asian session.
Australia's All Ordinaries Index saw some weakness till late morning trading. Although the index recovered over the course of the session on the Chinese export data, selling set in late trading. The index ended down 17.70 points or 0.32 percent at 5,460.
Most sectors retreated, led by energy, financial, material and IT stocks. On the other hand, defensive telecom and healthcare stocks gained ground.
Hong Kong's Hang Seng Index ended at 25,224, up 322.73 points or 1.30 percent, and China's Shanghai Composite closed 92.58 points or 2.39 percent higher at 3,970.
On the economic front, data released by the General Administration of Customs showed that Chinese exports rose 2.8 year-over-year in June, rising for the first time in 4 months. This reversed the 2.5 percent drop in May and exceeded the 1 percent growth expected by economists. Imports fell 6.1 percent, smaller than the 17.6 percent drop in May. The Chinese trade surplus fell to $46.54 billion from $59.5 billion in the previous month.
A revised report released by the Japanese Ministry of Economy, Trade and Industry showed that industrial production fell 2.1 percent month-over-month in May compared to the 2.2 percent drop estimated initially. In April, output was up 1.2 percent. Shipments fell an unrevised 1.9 percent. |
| | Better Than Bitcoin Whatever you do, do NOT buy Bitcoin right now. The smartest Bitcoin investor have stopped buying Bitcoin itself. They've found a better - and much safer - way to profit. We've uncovered the details behind what they're buying instead in our new report, "The Next Bitcoin." Download the Report Here - It's Free |
| | Currency and Commodities Markets | | Crude oil futures are slipping $0.57 to $52.17 a barrel after slumping $4.19 or 7.36 percent to $52.74 a barrel in the week ended July 10th.
The commodity came under pressure last week due to the prospects of an agreement between the Western nations and Iran concerning the latter's nuclear program, which could result in the doubling of oil supplies from Iran.
Gold futures, which fell $5.60 or 0.48 percent to $1,157.90 an ounce in the previous week, are currently declining $3.20 to $1,154.70 an ounce.
Among currencies, the dollar finished the week ended July 10th mostly lower, with the dollar retreating 0.43 percent against the euro to $1.162 a euro. The European currency benefited from the optimism concerning a Greek debt deal. The dollar ended little changed against the yen at 122.78 yen.
The U.S. dollar is currently at 123.39 yen and is valued at $1.1056 versus the euro.
|
| | | | | | | 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