Written by Gary
U.S. stock index futures dipped on this morning setting indexes up for a full week of daily declines, as the dollar index added to the previous session"s rebound ahead of a speech from Federal Reserve Chair Janet Yellen.
After a few days of dollar weakness due to concerns that the Fed"s rate hike intentions have been derailed following some undisputed ugly economic data the USD has resumed its rise.
Oil prices fell more than $1 a barrel earlier as worries receded over the threat of continuing disruptions to the Middle East supplies due to the Saudi Arabia-led war in Yemen. European shares are heading for their biggest weekly fall of the year as a second week of gains for oil prices and periphery euro zone bond yields brought to a halt a two month bonanza for the region"s equity markets.
Markets are expected to open lower.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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Early Bird Headlines 27 March 2015
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
Infographic Of The Day: Brits Are MAD About Their Pets!
We all know that British people are fanatical about their pets, but are they going a bit too far?
FOREX NEWS by DailyForex
The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.
A growing crisis in Yemen has fueled concerns that the Middle East is on the verge of becoming a powder keg for geopolitical tensions which has sent investors rushing to safe haven currencies like the Japanese Yen and the Swiss Franc.
Brent crude oil price surged $3 in Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. Asian importers, however, said they were not immediately worried about supply disruptions.
The latest set of data from the UK’s Office for National Statistics shows that prices in February, as determined by the Consumer Price Index (CPI), have remained unchanged from where they stood twelve months previously.
The ECB’s quantitative easing program, which had initially kept the pressure on the Euro, seems to have provided a lift in sentiment among the Eurozone’s business community.
by Ellen Brown, Web of Debt
In California"s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped.
Online Investing Academy Article of the Week
by Russ Allen, Online Trading Academy Instructor
In the last three articles in this series, Part 1, Part 2 and Part 3, I"ve been discussing probabilities as applied to option trading. Last time I mentioned there are software tools that do the heavy lifting of these calculations for us. Below is an example of one of these, the Volatility Cone.
26Mar2015 Market Close: Markets Closed Down In The Red, War In Yemen Continues, Oil And U.S Dollar R
Written by Doug Short and Steven Hansen
The third estimate of fourth quarter 2014 Real Gross Domestic Product (GDP) was unchanged at positive 2.2%. Private inventories decline was offset by higher personal consumption and slightly better trade data.