Financial stocks were the biggest gainers of yesterday’s trade. Many of the big bank stocks traded in the green and gained as markets closed yesterday. Federal Reserve announced its decision on the interest rate matter and markets reacted to it. Sentiment-ridden stocks in the country saw a big jump as S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite headed in the south, at least for a brief period of time. Uncertainty in the markets took majority of the stocks in its folds, but the spotlight fell on financial stocks that continued to head north.
WASHINGTON: An unexpectedly bleak May jobs report has suddenly muddied the outlook for the U.S. economy.
Until this week, the Federal Reserve had seemed poised to raise interest rates perhaps as soon as June 15, a sign of confidence that the economy was strengthening after struggling just to grow early this year.
Any such certainty vanished at 8:30 a.m. Eastern time Friday.
That was when the government reported that employers added a scant 38,000 jobs in May _ the fewest since 2010 and far less than economists had expected.
Where the global economy may or may not go, what the Federal Reserve and other central banks may or may not do, whether “Abenomics” in Japan works – all fodder these days for those who expect volatility to come back to the financial markets.
TORONTO — The Canadian economy will continue to grow despite a sharp fall in the price of oil, but there is plenty of concern in the energy-producing province of Alberta, Prime Minister Stephen Harper said on Wednesday.
Harper, speaking to reporters after an event in Toronto, also repeated a promise that his Conservative government would balance the budget in the 2015-16 fiscal year. Canada is a major oil exporter.
We have commented numerous times on the inexorable rise in Spanish non-performing loans (NPLs). Since the Spanish economy started to weaken at the end of 2006, NPLs have been rising sharply; but the subsequent collapse of the Spanish property market exacerbated the matter further, causing a spike in NPLs in 2007 and 2008. Since then, the Euro area crisis and subsequent sharp rise in unemployment have led NPLs at Spanish banks to make new record highs.
By Joseph Poma:After gaining market share and seeing sales in January increase more than 7% recently, Ford (F) stock steadily rose until it fell just shy of $13/share. Of recent the stock has fallen, along with the market as a whole, on the heels of political unrest in Greece. This pullback represents an opportune time to open, or add to, a position in Ford.
By Dividendinvestr:We analyzed the stocks which have been recommended by Cramer on Mad Money during the last 30 days. We don't think we have heard the end of the European debt crisis yet. As such, we prefer investing in Cramer's fundamentally strong stock picks. Using the stock screener at finviz.com, we picked the stocks with the lowest PE ratios and the low debt ratios.