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28Apr2015 Market Update: Markets Recover Smartly From Morning Losses, WTI Oil Rises Fractionally As The U.S Dollar Sinks

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Written by Gary

The morning losses were significant and after the "Consumer Confidence" report came in, the Averages zoomed back up past unchanged line to post some green where they have been trading in a sea-saw fashion, trending slightly higher.

The gauge of consumer confidence fell to 95.2 in April, from 101.3 the month prior. The reading came in below Wall Street expectations for an increase to 102.5 and yes this bad news pushed the markets higher on moderate to low volume. The small caps have remained in the red, but near the unchanged line.

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 more WWRT

What We Read Today 27 April 2015

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".).

BECOME A GEI MEMBER - IT's FREE!

Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Stratfor: Prelude to a Japanese Revival

by John Minnich

Japanese Prime Minister Shinzo Abe has arrived in Washington, the third stop on his maiden voyage to the United States since assuming office in 2012. Over the next two days, he will hold a summit with U.S. President Barack Obama on U.S.-Japanese defense and trade cooperation, attend a state dinner in his honor and address a joint session of the U.S. Congress. In his speech before Congress, Abe will reaffirm Japan"s commitment to promoting peace and security in East Asia and extol the virtues of the Trans-Pacific Partnership, a 12-country free trade agreement that spans the Pacific Ocean Basin and pointedly excludes China.

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Infographic Of The Day: Living On Triton - Neptune's Moon Explained

Triton is the largest of Neptune's 14 moons, at about 1,680 miles (2,700 kilometers) across.

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Video of the Day:

Polk County Sheriff Grady Judd says he doesn't care about 'political correctness' when there's a dangerous suspect on the loose. This is what Sheriff Grady Judd thinks about 'political correctness' when dealing with a dangerous suspect on the run: http://bit.ly/1yrId7l


video of day picture





FOREX NEWS by DailyForex

Deutsche Bank Fined Over Libor

The Libor scandal which came to light towards the end of the Global Financial Crisis, perhaps more than anything else, shows that elements of the financial world clearly believe that the rules governing criminal behaviour do not apply to them.

Forex Week in Review

Last Friday marked the final session for April from the perspective of these summaries. All of the major markets closed higher.

Asian Shares off Before Fed Meeting

Asian stocks pulled back from a seven-year peak scaled on Tuesday as sentiment gave way to caution ahead of the Federal Reserve's policy two-day meeting scheduled to start later in the session.

Dollar Lacking Momentum ahead of Fed Decision

Last week’s disappointing economic data from the US forced the US Dollar lower where it has finally steadied. The Dollar has now been under pressure for nearly seven weeks as investors ponder the likelihood of a Fed interest rate move, which put an end to the greenback’s long-term buoyancy.

Greece, Euro Zone Still Far From Bailout Deal

Greece appeared no closer to a reforms-for-aid deal after the country's finance minister met with his euro zone counterparts on Friday.
 more investing, markets, precious metals & forex

28Apr2015 Pre-Market Commentary: U.S. Futures Down In Premarket Trading, Oil Remains In A Uptrend. Investors Remain On Sidelines



 more opinion

Inoculating Against Science Denial

by John Cook, The Conversation

Science denial has real, societal consequences. Denial of the link between HIV and AIDS led to more than 330,000 premature deaths in South Africa. Denial of the link between smoking and cancer has caused millions of premature deaths. Thanks to vaccination denial, preventable diseases are making a comeback.

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 USA economy at a glance (boxed items are updates in last 7 days)

Leading Index Review: March 2015 Philly Fed Leading Index Projects Economic Growth at Only 1%

Econintersect: This leading index is now forecasting growth at 1.0% over the next 6 months - and significantly revised downward the index values in 2015. A review of all major leading indicators follows - and no leading index is particularily strong.

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