Written by Gary
Markets opened mixed, moved to positive territory then started to trend down even after new orders for U.S. factory goods rebounded strongly in June. Coach jumped 6 percent after it reported earnings that beat analysts' estimates, while Allstate sank 7 percent after its results came up short. Apple is now down 15% from record highs as 'no brainer' investors begin to question their faith in its China prospects.
WTI oil has stalled in its upward climb and the U.S. averages look weak going into the afternoon session.
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A great video of the worlds smallest military UAV aircraft. The British Army Black Hornet Nano UAV Aircraft will make a difference on the modern battlefield. The Black Hornet Nano is a military micro unmanned aerial vehicle (UAV) developed by Prox Dynamics AS of Norway, and in use by the Norwegian and British Army.
Infographic Of The Day: Top Movies
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FOREX NEWS by DailyForex
Looks like there’s trouble in paradise. If economists have it right, Australia’s current property boom which has zoomed 11% so far this year, could be coming to an end.
Last week saw the final trading session for July; a month when Greece went to the very edge of leaving the Euro before turning back.
The U.S. Dollar is just beginning to gain some positive momentum in the trading week. Earlier, it had been broadly after Friday’s U.S. employment costs report seems to have clouded the outlook for the Federal Reserve Bank.
Greece seems to be walking on egg shells on its way to recovery. After months of heady negotiations that saw the country on the verge of bankruptcy and a near “Grexit,” Athens is making its moves cautiously.
This can be expected to be a busier week than recent weeks, with a lot more going on and more volatility. It will be an especially important week for the USD, the AUD, and the GBP, with key central bank input also due regarding the JPY.
04Aug2015 Pre-Market Commentary: Chinese Markets Close In The Green, Greek Banking Stocks Plunge, Oil Rising Off Support, European Stocks Mixed
by Dimitris Sotiropoulos, The Conversation
The Greek government was forced into accepting a third bailout under very difficult circumstances on July 13. The dramatic euro summit of July 12 lasted 17 hours before a new bailout package of euro 86 billion was agreed by eurozone prime ministers. Conditional on a new recessionary policy mix, negotiations are now underway to determine the specifics.
Written by Gary
U.S. stock index futures are fractionally lower along with the U.S. dollar as investors await earnings reports from a batch of companies that include Walt Disney Co and Kellogg.
Global stocks are also mixed as sliding earnings hit shares in Europe and fresh measures to curb volatility has prompted a rally in China.
U.S. Markets expected to open fractionally lower and by 11 am be in the green.
03Aug2015 Market Close: Brent Slides To Lowest Point Since January, 2015, U.S. Dollar Rests At Resis
03Aug2015 Market Update: Averages Mixed, Oil Falling, U.S. Consumer Spending Slowing Pace, Economy L
Written by Steven Hansen
US Census says manufacturing new orders improved. Our analysis agrees. Unadjusted unfilled orders' growth continues shrinking year-over-year. No matter how you cut the data, it is soft.