17 Monday Apr 2017
Posted in Daily News Breakdown
14 Friday Apr 2017
Posted in Daily News Breakdown
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Wall Street’s fear gauge breaking out as geopolitical jitters mount into long weekend (CNBC)
India Gold Imports Said to Jump 582% on Festival, Wedding Demand (Bloomberg)**
China Takes Crude Crown as Output Lags Behind Rising Demand (Bloomberg)
Could mining asteroids save Earth? (CNBC*)
Health care company Dexcom sees shares slip amid potential competition from Apple (CNBC)
*The above article is paid content however, I do believe the information is important and relevant enough to include. I am not being compensated for recommending this article.
29 Friday Jan 2016
Posted in Daily News Breakdown
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28 Thursday Jan 2016
Posted in Daily News Breakdown
Saudi Arabia Did Not Propose 5% Production Cuts:
Earlier today Russian Energy Minister Alexander Novak announced that Saudi Arabia had suggested production cuts by each OPEC member of approximately 5%. Due to these claims oil spiked at the beginning of the trading day however, due to conflicting reports from the Saudis oil gains slowed but still ended the day up $0.92 as hopes of a OPEC reduction deal remained strong. For more information click here
Chart Credit Bloomberg.com
Iran Dives Back Into the International Marketplace:
Iran’s President recently signed an outline order with Airbus Group for a total of 118 jetliners as well as an accord with PSA Peugeot Citroen regarding the modernization of a car plant in Tehran. The total price tag, according to Bloomberg calculations, was approximately $33 billion. Iran’s central bank estimates that the lifting of international sanctions will result in approximately $50 billion a year in foreign investments.
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27 Wednesday Jan 2016
Posted in Daily News Breakdown
Tags
Equity, Federal Reserve, Finance, Gold, News, North Korea, Oil, Stocks
The Federal Reserve:
In a statement today the Federal Reserve of the United States announced that they will not be raising interest rates due to slowed US economic growth. For more information click here for BBC and here for the Guardian
North Korea:
According to sources questioned by Japanese news agency Kyodo News, North Korea may be preparing for a long-range ballistic missile launch test. This comes just weeks after North Korea claimed to have successfully detonated a hydrogen bomb. However, experts believe that an atomic bomb test was conducted; technology which North Korea is already known to possess.
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26 Tuesday Jan 2016
Posted in Daily News Breakdown
API Weekly Report:
The American Petroleum Institute reported today that crude supplies increased by 11.4 million barrels for the week of January 22, 2016. Tomorrow the more significant EIA report will be released. Meanwhile, as shown above, the price of oil still ended the day up $1.11 a barrel.
China Oil Demand:
Today state-run China National Petroleum Corporation announced their forecast for China’s oil demand growth for 2016. The forecast cut demand growth from 4.8% last year to 4.3% for 2016. CNPC also forecasted China’s net crude imports to grow by 7.3% compared to last years growth of approximately 9%.
Conflict in the Middle East:
Today Syrian government forces recaptured a “strategically important” town in southern Syria. Syrian’s government forces have made significant gains during the recent weeks as Russian airstrikes continue to destroy their opposition. As President Assad’s government continues to further entrench itself with military victories and the West and its allies remain steadfast in their demands for President Assad to step down the future of Syria remains frighteningly in the shadows. For more information click here
Escalating US and Russian Tensions:
The Kremlin has officially demanded proof from the US Treasury after Adam Szubin, a US Treasury sanctions official, made an on the record comment to the BBC accusing Russian President Vladimir Putin of being corrupt. While the United States has put sanctions on a number of Russian officials in the past the United States government has never gone so far as to place sanctions on President Putin himself. For more information click here
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17 Thursday Sep 2015
Posted in Daily News Breakdown
Daily Market Update
Hewlett-Packard has announced additional cuts to its workforce as it moves ahead with the plan to split the company. The reasoning behind the move is additional savings of $2.7 billion annually as the company attempts to turn things around.
21 Friday Aug 2015
Posted in Daily News Breakdown
20 Thursday Aug 2015
Posted in Daily News Breakdown
Tags
DMZ, Finance, Greece, Korea, News, North Korea, South Korea
Greece’s Prime Minister, Alexis Tsipras, announced today that on Thursday he would resign. This is a move that should cause concern among European Leaders as the future of the recently agreed upon bailout once again becomes shaky.
Tensions have mounted on both sides of the demilitarized zone as North Korea fired a rocket at South Korea prompting them to fire back with an artillery barrage. Today North Korea threatened to “start a military action” unless South Korea ceases all propaganda broadcasts and removes their loudspeakers within 24 hours; something South Korea is not likely to do.
19 Wednesday Aug 2015
Posted in Daily News Breakdown
Daily Market Update
Oil ended the day at a six year low due to a surprise increase in United States crude stockpiles. The Energy Information Administration announced that crude supplies rose 2.62 million barrels last week compared to analyst estimates of a 820,000 barrel decline.
Greece will receive the first installment in its new bailout package of 13 billion euros on Thursday as well as 10 billion euros set aside for the banks. The deal was finalized Wednesday as lawmakers in Germany and the Netherlands gave their approval. For more information click here
The Federal Reserve meeting minutes showed that the Fed believes it is not time to raise rates. The minutes said that the Fed would like to see greater improvement in the jobs market before they increase rates but that the job market is almost ready. For more information click here
