• Home
    • Other Sites
  • Daily News Breakdown
  • Commentary
  • Individual Equity Analysis

The Financier Daily

~ Financial news & analysis at your fingertips

The Financier Daily

Tag Archives: Saudi Arabia

Daily News Breakdown 1/28/2016

28 Thursday Jan 2016

Posted by Russell in Daily News Breakdown

≈ Leave a comment

Tags

Equity, Finance, Gold, Iran, News, Oil, Russia, Saudi Arabia, Stocks

  • Daily Market Update
    • The Dow ended the day up 125.18 points or approximately 0.79%.
    • The S&P 500 ended the day up 10.41 points or approximately 0.55%.
    • The NASDAQ ended the day up 38.51 points or approximately 0.86%.
    • Oil ended the day up $0.92 at $33.22 a barrel.
    • Gold ended the day down $0.20 at $1,114.70.
  • Additional News

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

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.

Recommended further readings:

Amazon earnings: $1 per share, vs expected EPS of $1.56 (CNBC)

Xerox to split, Icahn to get 3 board seats at one of them: DJ (CNBC)

Fed to Stress-Test 33 Banks on Severe Global Recession Response (Bloomberg)

Advertisement
Follow The Financier Daily on WordPress.com
Follow The Financier Daily on WordPress.com

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 20 other subscribers

Social Media:

  • View @rssktz’s profile on Twitter

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • The Financier Daily
    • Already have a WordPress.com account? Log in now.
    • The Financier Daily
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...