1) The dollar extended losses against a basket of other major currencies on Monday, despite positive U.S. data on durable goods orders, as sentiment on the greenback remained under pressure ahead of this week's policy statement by the Federal Reserve.

2) Wall Street began the week in the red on Monday and fell sharply on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years.

The Dow Jones industrial average fell to its lowest level in over five months while the Nasdaq composite was at a four-week low and the S&P 500 touched its lowest in more than two weeks.

3) U.S. natural gas prices turned higher after falling to a two-week low on Monday, as market players assessed the outlook for U.S. demand and supply levels.

4) Chinese shares slid more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing's efforts to stave off a deeper crash into doubt.

Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China's volatile stock markets since Beijing unleashed a barrage of support measures to arrest a slump that started in mid-June.

5) Teva Pharmaceutical Industries (ARCA:TEVA) has agreed to buy Allergan (NYSE:AGN_pa) Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms.

 

 

 

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- Wall Street was set to open slightly lower on Friday with major indexes poised to end the week lower amid a mixed bag of earnings from big companies and the downward spiral of commodity prices.

Amazon.com (O:AMZN) shares jumped 21.5 percent to $585.64 in premarket trading, a day after the online retailer posted an unexpected quarterly profit.

- The dollar remain higher against a basket of other major currencies on Friday, as data showing that U.S. jobless claims fell to the lowest level since 1973 continued to support the greenback and as investors eyed additional U.S. reports due later in the day.

- Gold prices tumbled to a fresh five-year low in European morning hours on Friday, as data showing that U.S. jobless claims fell to the lowest level since 1973 and positive news from Greece weighed on the safe-haven metal.

- Crude oil futures rose on Friday, easing off the previous session's seven-month low but still remained under the $50 mark as concerns over a global supply glut continued to weigh heavily on the commodity.

- American Airlines Group Inc (O:AAL) on Friday reported second-quarter profit that topped analysts' expectations and declared a stock buyback and dividend as cheap fuel continued to benefit its bottom line.

 

 

 

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1. The dollar remained at one-week lows against a basket of other major currencies on Thursday, despite data showing that U.S. jobless claims fell to the lowest level since November 1973 last week, as progress on the Greek debt front supported demand for riskier assets.

The U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits in the week ending July 18 fell by 26,000 to 255,000 from the previous week’s total of 281,000. Analysts had expected initial jobless claims to fall by 1,000 to 280,000 last week.

2. The Nasdaq composite edged up on Thursday after two days of losses, while the S&P 500 and Dow were lower on weak earnings from bellwethers such as 3M (N:MMM) and Caterpillar (N:CAT).

3) Japan's Nikkei has agreed to buy the FT Group, publisher of the Financial Times newspaper, from Britain's Pearson (L:PSON) for 844 million pounds ($1.31 billion) in cash, the two companies said on Thursday.

 

4) Natural gas futures briefly extended gains to hit a five-week high on Thursday before turning lower after data showed that U.S. natural gas supplies rose less than expected last week.

5) West Texas Intermediate oil futures rebounded from the previous session\'s steep declines on Thursday, but prices held below the $50-level amid ongoing concerns over a global supply glut.

 

 

 

 

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1. Top European technology stocks shed nearly $6 billion of market value on Wednesday, with suppliers for Apple (NASDAQ:AAPL) the top fallers after the tech giant's revenue forecasts fell short of expectations.

While the worst hit were the handful with 20-70 percent direct exposure, the whole sector suffered as investors cautioned against frothy valuations, with the STOXX Europe 600 tech index (SX8P) trading well above its historical average.

2. U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year.

The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual rate of 5.49 million units, the highest level since February 2007.

3. The dollar pushed higher against a basket of other major currencies on Wednesday, as data showing that U.S. existing home sales hit the highest level since 2007 in June added to expectations for the Federal Reserve to raise interest rates in the coming months.

4. Coca-Cola Co (N:KO) on Wednesday reported higher-than-expected quarterly earnings and revenue as it raised prices and boosted sales volumes in North America, where it has struggled to grow as consumers ditch soda for healthier options.

Coke has called 2015 a transition year as it tries to cut costs and boost sales of its mainstay carbonated soft drinks.

 

 

 

 

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Wall Street was lower in late morning trading on Tuesday as weak revenue at IBM (NYSE:IBM) and United Technologies (NYSE:UTX) weighed on the Dow and the S&P 500 and investors awaited results from tech giants including Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT).

The dollar pushed lower against a basket of other major currencies on Tuesday, as investors continued to lock in profits from the greenback's recent rise to three-month highs as expectations for a U.S. rate hike in the near future still supported the currency. Trading volumes were expected to remain light with no major U.S. data to be released throughout the day.

Gold prices struggled near the lowest level since 2010 on Tuesday, as prospects of higher interest rates in the U.S. continued to weigh. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 40 cents, or 0.04%, to trade at $1,107.20 a troy ounce during U.S. morning hours.

U.S. oil futures reversed earlier losses to bounce off a 15-week low on Tuesday, as traders looked ahead to weekly data on U.S. stockpiles of crude and refined products later in the day. On the New York Mercantile Exchange, crude oil for September delivery hit a session low of $50.10 a barrel, a level not seen since April 4, before recovering to trade at $50.83 during U.S. morning hours, up 39 cents, or 0.77%.

 

 

 

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