| | | | | | | 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 lower opening on Tuesday, with sentiment reflecting apprehensions concerning recent gains. The major domestic averages have recouped much of their post-Brexit losses, with the Dow and the S&P 500 Index now in the green for the year. Reflecting rising risk aversion, crude oil is sharply lower and safe haven dollar is firmer. Most European markets are notably lower, weighed down by concerns about the Italian banking crisis. However, a Bank of England announcement to free up funds of banking system for lending has proved salubrious for the U.K. Market. The domestic markets could also stay tuned to a Fed speech scheduled for the day.
U.S. stocks ended higher in the week ended July 1st, rebounding from the Brexit-induced sell-off. The major averages rose in all but one session of the week but stopped short of completely wiping away their Brexit losses.
Last Monday, the major averages extended their slide, plunging sharply as Brexit worries continued to haunt traders. Risk appetite resurfaced on Tuesday following a 2-session sell-off. The averages all ended notably higher, helped by bargain hunting.
The major averages extended their rally on Wednesday, thanks to oil's upside and increasing stimulus hopes. The markets saw further upside on Thursday, as risk appetite got firmly entrenched in the markets. Higher oil prices and a positive manufacturing reading helped the markets maintain the upward momentum on Friday, enabling the averages to record their best weekly advances of the year.
For the week ended July 1st, the Dow Industrials added 548.67 points or 3.15 percent before ending at 17,949, the S&P 500 Index closed 65.65 points or 3.22 percent higher at 2,103 and the Nasdaq Composite ended up 154.59 points or 3.28 percent at 4,863.
Among the sector indexes, the NYSE Arca Gold Bugs Index rallied 8.87 percent for the week and the NYSE Arca Biotechnology Index added 5.69 percent. Additionally, the Dow Jones Utility Average, the NYSE Arca Airline Index, the NYSE Arca Oil Index and the Philadelphia Housing Sector Index all gained over 4 percent, while the Dow Jones Transportation Average rose 3.24 percent. |
| | Secrets of the 1%: How the Rich Pay Lower Taxes Than You | | I'm about to blow the lid off a secret the 1% don't ever want you to know. It's a "billionaire's tax code" full of loopholes and subsidies and tax breaks 99% of us never hear about. FREE REPORT reveals 3 of the biggest tax loopholes and how you can start lowering your tax bite today. |
| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | The unfolding holiday-shortened week has in its calendar some key economic data/events that could have a say on market movement. The focus of the week is likely to be on the Labor Department's non-farm payrolls report for June due on Friday, ADP's private payroll data scheduled to be released on Wednesday, the FOMC minutes of the June meeting, the results of the Institute for Supply Management's service sector survey due on Wednesday and some Fed speeches strewn across the week.
The Commerce Department's factory orders report for May due on Tuesday, the Commerce Department's trade balance report for May set to be released on Wednesday, the regularly scheduled week jobless claims data, announcements concerning next week's auctions of 3-year and 10-year notes and 30-year bonds and the Federal Reserve's consumer credit report for May round up the economic events of the week.
The Commerce Department is scheduled to release its factory orders data for May at 10 am ET. Economists expect a 1 percent month-over-month drop in factory orders.
In April, factory orders rose 1.9 percent. However, with the durable goods orders data released in late June showing a 2.2 percent month-over-month drop in orders, expectations are muted. It is expected that the weakness in durable goods component, which makes up the bulk of factory orders, will be offset to some extent by an oil-related gain for non-durables.
New York Federal Reserve Bank President William Dudley will take part in the Binghampton Chamber of Conference roundtable discussion in Binghampton, New York, at 2:30 pm ET. |
| | 251 Trades Delivered to Your Inbox -- 100% FREE | | For the next 24 hours only, you can get the very best trading ideas from our all-star line-up of pros delivered to your inbox each and every trading day absolutely FREE.
Seven A-list traders duke it out every day to see whose trade will be featured as the #1 trade of the day. Readers have already locked in monster double and triple-digit profits of 38% - 212% in 2015. With a new red-hot trade coming out every single day the market is open, it's easy for you to get on board for our next round of profits!
There is no catch -- there are no forms to fill out... no strings... no credit card required.
Just click here now to enter your email address and watch your inbox for tomorrow morning's trade. |
| | Stocks in Focus | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | Tesla (TSLA) announced that its total vehicle sales in the second quarter increased 20 percent sequentially to 18,345 vehicles. Citing continued productivity improvement, the company said it expects output to reach 2,200 vehicles per week in the third quarter and 2,400 vehicles per week in the fourth quarter.
Danaher (DHR) announced the completion of its separation of its Test & Measurement segment, Industrial Technologies segment and Retail/Commercial Petroleum platform through the spin-off of Fortive Corp. Fortive is set to begin trading on the NYSE on July 5th under the ticker symbol FTV.
Accenture (ACN) announced the completion of its acquisition of digital agency IMJ Corp. The company did not disclose the financial terms of the deal.
Marriott International (MAR) said it has received authorization from competition authorities in Saudi Arabia and Mexico to go ahead with its acquisition of Starwood Hotels (HOT). The company noted that approval from China is alone pending, and once the Chinese regulatory agency approves it, the merger transaction would close.
Halliburton (HAL) announced that Mark McCollum will resume his role as CFO, effective immediately, taking over from the interim CFO Christian Garcia. |
| | Bill Mathews Just Released a New Stock Alert! | | And I don't know about you, but I always want to listen when one of the best small-cap investors in the world gives me a stock tip.
Over the last 7 year's Bill has given 342 stock picks and 99.7% have gone up but the best part is how much. Right now his same 342 stock picks have an average gain of 209%. And it's all thanks to The Cheap Investor system which has been honed over the last 34 years.
Bill's new pick is a single medical development that has the potential to upset a $47 billion Industry. Trust me you don't want to miss this.
Click Here Now To Get Bill's New Stock Alert |
| | European Markets | | After opening lower, European stocks pulled back further in early trading and are currently notably lower, as fears concerning the health of Italian banks heighten. The lackluster sentiment comes despite the release of some positive domestic economic data. However, the U.K. market has trimmed its early losses and is currently higher amid some policy announcements.
Bank of England Governor Mark Carney said the central bank would cut the 'counter-cyclical capital buffer' on the U.K. banks, a move that will help them keep less capital on their books.
After declining for two straight sessions following the Brexit verdict, the domestic averages rebounded and were higher for the next four sessions only to reverse course yesterday. The U.K. market has retraced all of its post-Brexit losses, while the German and French markets are still below their levels ahead of the Brexit verdict.
In major corporate news, Persimmon said its trading through the first half of the year has been strong. The company reported a 12 percent increase in group revenues and estimates its first half operating margin to exceed the 23 percent in the second half of 2015.
On the economic front, Markit Economics reported that the private sector in the eurozone experienced stable growth in June. The composite PMI came in at 53.1 in June, the same as in the previous month but up from the flash estimate of 52.8. The service sector PMI fell to 52.8 in June from 53.3 in May, upwardly revised from the flash score of 52.4.
The U.K. service sector activity growth weakened to match the 38-month low registered in April. The Markit/Chartered Institute of Procurement & Supply PMI dropped to 52.3 in June from 53.5 in May.
Eurostat reported that retail sales in the euro area increased roughly in line with estimates in May. Retail sales rose 1.6 percent year-over-year, faster than the 1.4 percent increase in April but slower than the 1.7 percent increase expected by economists. On a monthly basis, retail sales growth quickened to 0.4 percent from 0.2 percent. |
| | Do You Own Any of the Most Dangerous Stocks in America? | | You can't trust Wall Street when it comes to preserving your nest egg. Just released list of 25 stocks to sell is available free. Download the complete list and check it against your own portfolio. According to our latest research, if you own ANY of these D and F rated stocks, you could suffer huge losses in the coming months. |
| | Asian markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Most Asian markets retreated following recent gains, although the Chinese and New Zealand markets advanced.
The yen's rise exerted downward pressure on Japanese stocks following a 6-session winning streak. The Nikkei 225 Index opened lower and moved roughly sideways in a range before ending down 106.47 points or 0.67 percent at 15,669.
Export, oil, paper, financial, pharma, retail and real estate stocks came under selling pressure. Food, utility and chemical stocks ended mixed, while housing stocks gained ground.
The Australian market snapped a 4-session advance amid a decision by the domestic central bank to hold interest rate unchanged. Australia's All Ordinaries Index opened little changed but declined steadily in the morning session. Subsequently, the average consolidated at lower levels, ending down 52.40 points or 0.98 percent at 5,313.
The market witnessed broad based weakness, with financial and consumer stocks leading the slide. On the other hand, utility stocks bucked the downtrend.
Hong Kong's Hang Seng Index closed 308.48 points or 1.46 percent lower at 20,751. However, China's Shanghai Composite Index ended at 3,006, up 17.79 points or 0.60 percent.
On the economic front, the Reserve Bank of Australia retained its key official cash rate at a record low of 1.75 percent for the second straight month. The decision was in line with estimates and was premised on the belief that it is the prudent course of action.
A report released by the Australian Bureau of Statistics showed that retail sales in Australia rose 0.2 percent month-over-month in May following a 0.1 percent uptick in April. Economists expected a 0.3 percent increase for the month. A separate report showed that the Australian trade deficit widened in May, as imports rose at a faster clip than exports.
The results of a survey by the Australian Industry Group showed that the service sector in Australia expanded at a slower rate in June.
Private sector activity data released by Caixin and Markit showed that activity in the private sector in China decelerated to a 4-month low in June. The composite PMI eased 0.2 points to 50.3 in June. However, service sector activity expanded at the fastest pace in 11 months, with the corresponding PMI at 52.7 compared to 51.2 in May.
?Service sector activity in Japan deteriorated in June, led by the fastest decline in new orders in nearly five years, the results of a survey by Markit Economics showed. The services PMI, fell to 49.4 in June from 50.4 in May. The Nikkei composite output index, which combines scores from the manufacturing and services indexes, dropped to 49.0 in June from 49.2 a month ago. |
| | Free Options E-Book: How To Win 80% of Trades | | Do you trade options like the professionals do? Most options traders make the same mistakes – which is why they consistently lose money. But when you learn just 3 simple strategies, you can earn consistent income. Claim your free E-Book now for details. |
| | Currency and Commodities Markets | | Crude oil prices are slipping $1.48 to $47.51 a barrel after finishing the week ended July 1st up $1.35 or 2.83 percent at $48.99 a barrel. The commodity was amply supported last week by the dollar's weakness and positive U.S. economic data.
Gold futures, which climbed $16.60 or 1.26 percent to $1,339 an ounce in the previous week, are currently climbing $9.60 to $1,348.60 an ounce.
Among currencies, the U.S. dollar weakened against the euro in the week ended July 1st, dropping 0.33 percent to $1.1154 a euro. At the same time, the dollar rose 0.33 percent against the yen before ending the week at 102.56 yen.
The U.S. dollar is currently trading at 101.87 yen and is valued at $1.1136 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