| | | | | | | 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 Thursday, with futures nudging higher and picking up strength following the release of fairly positive retail sales data for July. Earlier on, futures reacted modestly positive to the Chinese central bank reassuring the global markets over a potential currency war, triggered by the yuan devaluation. That said, the yuan's reference rate was set 1.1 percent lower today. The dollar's strength has pushed commodities lower.
U.S. stocks ended Wednesday's session narrowly mixed, as a rebound in the value of the Chinese yuan on demand for the currency from local banks following two successive days of losses lifted sentiment late in the session.
The major averages opened lower and fell steadily until late morning trading, reaching the days lows. Thereafter, the averages steadily trimmed their losses over the course of the session before ending mixed.
The Dow Industrials ended down 0.33 points at 17,403, while the S&P 500 Index closed 1.98 points or 0.10 percent higher at 2,086 and the Nasdaq Composite ended at 5,044, up 7.60 points or 0.15 percent.
Notwithstanding the Dow's marginal retreat, the breadth was in favor of the advancers, with 17 of the thirty Dow components advancing. One stocks ended unchanged, while the remaining 12 stocks retreated. Apple (AAPL), Caterpillar (CAT), Chevron (CVX), Intel (INTC) and Exxon Mobil (XOM) were among the biggest gainers of the session. On the other hand, Nike (NKE), JP Morgan Chase (JPM), Disney (DIS) and Boeing (BA) fell notably.
Among the sectors, airline and financial stocks came under selling pressure, while utility, gold and energy stocks gained ground.
|
| | 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 | | | A Labor Department report showed that jobless claims rose to 274,000 in the week ended August from a downwardly revised reading of 269,000 for the previous week. Economists had expected a reading of 270,000, flat with the initially estimated reading.
Meanwhile, the four-week average fell 1,750 to 266,250. Continuing claims calculated with a week's lag rose 15,000 to 2.273 million in the week ended August 1st.
A separate report showed that export prices fell by 0.2 percent month-over-month in July. The consensus estimate had called for a 0.3 percent month-over-month drop in export prices. Non-agricultural export prices fell 0.4 percent, offsetting the 0.8 percent increase in agricultural export prices.
Meanwhile, import prices fell 0.9 percent compared to an unchanged reading in June. Economists expected a steeper 1 percent drop. Fuel imports fell 5.7 percent, reflecting the pullback in oil prices, and non-fuel import prices were down a more modest 0.3 percent.
The Commerce Department reported that retail sales rose 0.6 percent month-over-month in July rendering the annual rate at 2.4 percent. Economists had expected retail sales growth of 0.5 percent.
Excluding autos, retail sales rose 0.1 percent month-over-month, in line with expectations. Auto sales were up a solid 1.4 percent. Building materials, sporting goods, gasoline, non-store retail sales all saw solid increases.
The Commerce Department will also release its business inventories report for June at 10:00 am ET. Economists expect a 0.3 percent month-over-month increase in business inventories during the month.
Business inventories at the end of May were up 0.3 percent compared to the previous month. Economists had estimated a 0.2 percent increase. Business sales climbed 0.4 percent. The business inventories to sales ratio came in at 1.36 compared to 1.30 in May of 2014.
The Treasury Department is set to announce the results of its auction of 30-year bonds 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 | | | Cisco Systems (CSCO) reported fourth quarter adjusted earnings per share and revenues that exceeded estimates. The company's first quarter guidance was in line.
News Corp.'s (NWS) fourth quarter adjusted earnings per share beat estimates but its revenues trailed expectations. Netease.com (NTES) reported better than expected second quarter results.
Kohl's (KSS) reported below-consensus earnings for its second quarter and its revenues were shy of estimates. Dillard's (DDS) reported better than expected second quarter earnings but its revenues were slightly shy of estimates.
Softbank said in a filing to the SEC that it has acquired additional shares in Sprint (S), increasing its stake to 80 percent.
JetBlue (JBLU) reported that its load factor fell 1.3 percentage points to 87 percent in July, with capacity and traffic rising 10.4 percent and 8.9 percent, respectively.
Applied Materials (AMAT), Nordstrom (JWN) and SINA (SINA) are among the companies due to release their quarterly results after the close of trading. |
| | 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 are also rebounding strongly, as the yuan depreciation hangover ceases. The markets are also reacting to some domestic earnings.
In corporate news, utility RWE reported lower profits for the first half, hurt by lower power prices. Meanwhile, steel maker Thyssenkrupp reported a strong increase in its second quarter profits, helped by cost cuts. Smaller peer Salzgitter reversed to a profit in its first half, as restructuring initiatives begin to bear fruit.
German fertilizer company K+S reported higher profits for the second quarter and affirmed its earnings guidance for the year. Weighed down by a stronger franc and soft emerging market demand, Nestle reported a decline in its first half profits.
Commodity trader Glencore announced a scale back to its capital spending plans, as copper output for the first half declined.
On the economic front, revised estimates released by the German Federal Statistical Office showed that annual consumer price inflation calculated on a harmonized basis was unchanged at 0.1 percent in July, in line with the preliminary estimate.
House prices in the U.K. climbed in July, the latest survey from the Royal Institution of Chartered Surveyors showed, with a balance of 44 percent compared to 40 percent in June and ahead of the 42 percent expected by economists.
|
| | +$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 | | | The major Asian markets rebounded following two straight sessions of sharp declines. The strength came despite the People's Bank of China lowering the reference rate for the yuan for the third straight day. On Thursday, the rate was fixed 1.1 percent lower.
That said, the People's Bank of China said in a press conference that the central bank has no plans to let the yuan drop by 10 percent in a bid to boost exports.
The Japanese market advanced on a weaker yen. Japan's Nikkei 225 Index opened slightly lower but recovered immediately after. The index moved broadly higher over the course of the session before ending up 202.78 points or 0.99 percent at 20,596.
A majority of stocks advanced, led by export stocks. On the other hand, real estate, financial, telecom and utility stocks came under selling pressure.
Australia's All Ordinaries Index hovered in positive territory throughout the session, although it closed well off its highs of the session. The index ended up 5.50 points or 0.10 percent at 5,389.
Energy stocks rallied strongly and material, utility, financial and consumer discretionary stocks also found buying interest. On the other hand, IT, consumer staple, healthcare, industrial and telecom stocks lost ground.
Hong Kong's Hang Seng Index ended 102.78 points or 0.43 percent higher at 24,019 and China's Shanghai Composite Index added 68.24 points or 1.76 percent before ending at 3,955.
On the economic front, core machinery orders in Japan fell 7.9 percent month-over-month in June, according to a report released by the Cabinet Office. Economists expected a more modest 5.1 percent drop. Annually, core orders were up a less than expected 16.6 percent.
A report released by the Melbourne Institute showed that inflation expectations in Australia rose 0.3 percentage points to 3.7 percent in August. |
| | We have your book on hold... | | Best-selling author Jim Rickards has just released a new book called The Big Drop. Inside, it warns of a few critical dangers that every American should begin preparing for right now. However, this book is not available for sale. Instead, we're on a nationwide campaign to spread the book far and wide for FREE.
Click here to learn how to claim a copy |
| | Currency and Commodities Markets | | Crude oil futures are slipping $0.21 to $43.09 a barrel after climbing $0.22 to $43.30 a barrel on Wednesday.
The previous session's gains came amid the release of the weekly petroleum status report, which showed that crude oil stockpiles fell by 1.7 million barrels to 453.60 million barrels in the week ended August 7th. Inventories remained near levels not seen for this time of year in at least the last 80 years.
Gasoline inventories fell by 1.3 million barrels but were in the middle of the average range. Meanwhile, distillate stockpiles increased by 3 million barrels and were in the middle of the average range for this time of the year.
Refinery capacity utilization averaged 95.7 percent over the four weeks ended August 7th compared to 95.5 percent over the four weeks ended July 31st.
Gold futures are sliding $8.20 to $1,115.40 an ounce. In the previous session, the December futures ended at $1,123.60 an ounce, up $15.90. Among currencies, the U.S. dollar is trading at 124.45 yen compared to the 124.21 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.1108 compared to yesterday's $1.1159.
|
| | | | | | | 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