as finance ministers and central bank governors from the world’s leading economies agreed to coordinate their response to Europe’s financial crisis and U.S. and Australian economic data topped estimates.
Westfield Group (WDC), the world’s biggest shopping center operator by assets, advanced 2.8 percent in Sydney as Australia’s economy expanded last quarter at more than twice the pace…
ContinueAdded by ken flagg on June 5, 2012 at 10:20pm — No Comments
Amid today's broad market selloff, the energy sector is the weakest (-2.4%) relative to the broader market (S&P 500 -1.5%), with oil sharply lower and below the $100 level (currently -4.49 at 98.05). The Utilities sector is the only sector in positive territory today.
Sector Ticker % Change Last
Energy XLE -2.4% 68.2…
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On Thursday retailers are expected to report Same Store Sales for June (ZUMZ and HOTT will report June comps after the close today; teen retailers ARO, AEO and ANF are no longer reporting monthly sales).
Summer temps and promotional activity have been heating up and are expected to push sales higher this month. Concerns over the extent of clearance activity in the latter portion of the month could limit upside…
ContinueAdded by ken flagg on July 6, 2011 at 3:34pm — No Comments
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The 5-year government austerity plan is expected next Tuesday (June 28). Note: Papandreou needed a majority win, so he needed to get 151 or more of 300. He has 155 Parliament seats.
Equities put together a fourth straight day of gains, with a strong +1.3% gain for the S&P 500 in today's session. U.S. stocks started the day higher following a bounce in overseas markets, which have been under pressure recently…
ContinueAdded by ken flagg on June 22, 2011 at 3:21am — No Comments
Global stocks are mixed with the European Euro Stoxx 50 index closed for Easter Monday holiday, while June S&Ps are up +3.60 points. Treasuries are up slightly and the dollar weakened, which has prompted gains in commodities with gold posting yet another record high. Oil prices rose as escalating violence in the Middle East and Africa threatens to prolong supply disruptions. Crude oil prices also gained after a Saudi Arabian oil official said his country's…
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Monday, January 31, 2011 8:47 AM
U.S. equity futures are bid up slightly this morning (S&P futures +4 vs. fair value, DJ futures +27), illustrating a calmer market than what we experienced on Friday. The situation in Egypt remains center stage as it continues to unfold, with continued protests over the weekend. President Mubarak appointed his intelligence chief…
Added by ken flagg on January 31, 2011 at 10:38am — No Comments
Added by ken flagg on January 27, 2011 at 6:59pm — No Comments
BBY Best Buy Call: Q3 hurt as fellow retailers took share with aggressive discounts on lower end home entertainment products (35.60 -6.10)
Domestic sales were disappointing, hurt mostly by TVs, mobile computers and gaming. Lowered FY11 EPS guidance was the result of lower domestic comp expectations; co did not give any indication for Q4/FY11 top-line trends... Expectations were for an improved TV…
Added by ken flagg on December 14, 2010 at 2:15pm — No Comments
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