May 21, 2013 1:52 pm
The consumer electronic company Best Buy Co. reported today a first quarter loss comparing to last year when the results included Super Bowl TV sales. The President and CEO of the company Hubert Joly stated that this was expected having in mind the Super Bowl shifting to the fourth quarter and internal decisions of cutting […]
Read moreMay 21, 2013 12:56 pm
Germanys stocks declined today for the first time in more than a week. Daxx Index is down by 0.19% today. German banks Commerzbank AG and Deutsche Bank AG reported substantial daily drops after JP Morgan Chase downgraded their shares ratings. The benchmark index is up 11% this year mainly due to the stimulus government offered […]
Read moreMay 21, 2013 9:31 am
Earlier today official data came out, regarding production cycle prices in Germany, which showed deceleration during April. Major reason for this decline was the dropping oil prices, as Producer Price Index (PPI) reached three year low on annual basis. PPI decreased in value by rate of 0.2% during April, while estimates showed barely a 0.1% […]
Read moreMay 21, 2013 9:13 am
As several analyst defined yesterday as a “slow day” on the market, it also was an dynamic day considering numerous company acquisitions. After the initiative was taken by Yahoo Inc. with the $1.1 billion purchase of Tumblr Inc., many other companies follow their example. The internet giant is going after the younger users as buying […]
Read moreMay 21, 2013 8:06 am
British pound showed a slight change in positions against US dollar, right before the official report, regarding Consumer Price Index (CPI) in the United Kingdom. Economists expect a slow down in inflation rate. British currency regained strength after almost six week low versus US dollar yesterday, after news of rising asking prices of UK houses […]
Read moreMay 21, 2013 7:55 am
The job uncertainty in UK seems to be raising as people feel more pressure at work due to job cuts and diminished control over jobs according to national survey of employees. Both, public and private sector workers are increasingly worried about their jobs, 52% of them are concerned about job status loss. However the biggest […]
Read moreMay 21, 2013 7:16 am
Gold tracked WTIs upward momentum after the Japanese economy minister made a statement that a further weakening of the yen might harm growth. This led to an increased demand for the Asian nations currency and weakened the dollar, thus increasing precious metals price. The U.S. dollar tends to trade in an inverse relation to dollar-priced […]
Read moreMay 21, 2013 7:01 am
S&P 500 Index slightly declined by 0.1% yesterday after reaching a 0.3 climb earlier. Dow Jones Industrial average is down 0.1%. Procter & Gamble Co. and Coca-Cola dropped by 1.2% as consumer goods companies declined. Health-care shares lost 0.6%, not significantly considering sector rose by 22% this year. Yahoo Inc. gained 0.2% share price as […]
Read moreMay 20, 2013 12:57 pm
US dollar retreated against the Japanese yen during the late European session, with Japanese Economy Minister, Akira Amari, took a statement that national currency was at satisfactory levels. The pair traded at four and a half year high, but reduced positions to 102.55. The Japanese currency was supported after the announcement of Japans Economy Minister, […]
Read moreMay 20, 2013 10:44 am
Soybean prices are climbing to an eight-week high following concerns over slower than usual soy crop planting. As of last week only 6% of the U.S. crop was planted, well below the 43% planted in the same week last year, according to the U.S. Department of Agriculture. Soybeans futures for July delivery rose 0,2% on […]
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