The headline, fictional, seasonally adjusted number for initial unemployment claims of 280,000 left the consensus estimate of Wall Street economists in the dust this morning at 305,000. They had…
Will the ECB’s new lending program really make a difference? Lee Adler gives a definitive answer, tells why, and tells you what to look for to take advantage or protect your portfolio. Subscribers may click here to open or right…
Lee Adler tells CNBC Africa that the Fed may be tapering, but the key to the US market will now be in the actions of the BoJ and ECB. Subscribe to the Professional Edition for my proprietary research.
Apart from the Kiwis +1.4% (post-election rally) it’s down for the rest of the early openers: Aussies -0.4%, Nikkei and Sth Korea -0.4%.
In Aussie sectors, Gold -0.8%, Miners -0.7% up to Consumer Discretionary +0.3%.
While we see a great deal of media coverage of Ukraine-related geopolitical risks, there hasn’t been sufficient discussion about the dire economic and fiscal conditions the nation is facing. Writing about men in masks fighting in eastern Ukraine sells far more advertising than covering the nation’s economic activity. However it’s the economy, not the Russian army that has brought Ukraine close to the brink.
Obscured by stock market hoopla, and under the leadership of our fearless Treasury Secretary Jack Lew, the G-20 finance honchos fret about faltering global growth.
Early openers trying for upside: Kiwis +0.3%, Aussies +0.3%, Nikkei +0.9% and Sth Korea +0.6%.
Aussie sectors mostly green: IT +0.9%, Healthcare +0.6% down to Miners/Utilities -0.3%.
A Credit Suisse analyst has called for Sears Holdings (Nasdaq: SHLD) to liquidate its assets, saying that recent events surrounding the struggling retailer have him singing “This is the end.”