US Indexes Remain mixed and flat as investors were wary of making big bets ahead of Friday's payrolls report. US factory orders fall, business spending shows signs of stabilizing. New orders for U.S. factory goods fell for a second straight month in June on weak demand for transportation equipment and capital goods. Gold rolling over, US dollar fractionally higher and Crude price rising.
Here is the current market situation from CNN Money
North and South American markets are mixed. The Bovespa is higher by 1.24%, while Mexico's IPC is off 0.13%. Shares in U.S. are unchanged with the S&P 500 at 2,163.92.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Following a major market correction, the conditions for safe re-entry are when:
a) Daily $OEXA200R rises above 65%
Secondary Bullish Indicators:
a) RSI is POSITIVE (above 50)
b) Slow STO is POSITIVE (black line above red line)
c) MACD is POSITIVE (black line above red line)
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July.
HICKORY, North Carolina (Reuters) - As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations.
NEW YORK/WASHINGTON (Reuters) - Two business groups sued the Obama administration on Thursday over a crackdown on U.S. companies that try to reduce their U.S. taxes by rebasing abroad in a process known as inversion.
New orders for U.S. factory goods fell for a second straight month in June on weak demand for transportation equipment and capital goods, but signs of stabilization in business spending offered some hope for struggling industries.
PARIS/NEW YORK (Reuters) - Airbus virtually closed the gap with Boeing in the intense battle for airliner orders in July after booking about half of the 197 firm sales unveiled at last month's Farnborough Airshow, according to the latest data from both companies.
NEW YORK (Reuters) - A former Wall Street investment banker proclaimed on Thursday that he was innocent of insider trading charges, testifying that he never tipped his father off to inside information about healthcare mergers.
WTI Crude is up over 6% in 24 hours, since yesterday's surprise build (and production cut) as the machines squeeze out an over-exuberant short positioning once again. However, just as we saw last year around this time, Astenbach's infamous oil veteran Andy Hall is warning a "violent reversal higher" looms again amid extreme positioning and potentially improving fundamentals. Exaggerating the move further is the surge in the contango which has once again made sea-storage profitable, sending yield-seeking traders into the carry trade (and squeezing shorts further).
As Bloomberg reports, despite what Hall called a "miserable month" for oil in July, supplies are still shrinking, he said in his letter, setting up prices to reverse themselves.
"Prices are now back at levels that would ensure the eventual bankruptcy of most of the oil industry," hammering both private oil companies and producing countries like Iraq, Nigeria and Venezuela, Hall said. "Prices at current levels are just not sustainable."
"The market is being driven by its own momentum and currently that is down," Hall wrote to investors in his Stamford, Connecticut, hedge fund, Astenbeck Ca ...
Is this the reason why Mark Carney went Full "shock-and-awe"-tard this morning?
Households may have started to hoard their cash, with new figures showing that the amount of money being kept outside Britain's banking system is now rising at the fastest rate since the financial crisis.
As Sky News reports, in the weeks following the EU referendum, the rate at which households and businesses built up holdings of UK banknotes and coins rose above 8% a year for the first time since 2009, according to a Sky News analysis of Bank of England statistics.
The growth rate of cash in circulation has more than doubled since January, when it was running at 4% a year, with a sudden acceleration in the weeks following the EU poll.
In cash terms, the amount of notes and coins outside the banking system rose by £1.2bn since the end of May, and by £5.9bn in the past year - the biggest annual rise on record.
Sky News has also found that the proportion of UK banknotes circulating outside the banking system - in people's pockets, stored at home and outside the country - has now hit the highest level since 1979, as a percentage of GDP.
The fixed-income expert, who manages Janus Capital's unconstrained bond fund, drew parallels between an important childhood chat he had with his mother—and later with his child—about sex and the creation of life.
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