The week was dominated by earnings reports, most of them quite positive. Fed’s interest rate decision announced midweek ended with no policy action and only minor changes in the post-meeting statement. Short-term rates have been near zero for more than seven years now.
Monday August 3, 2015
ISM Manufacturing PMI – USD – 3:00pm GMT
The Institute for Supply Management Manifacturing PMI is the leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of economy.
Facebook’s quarterly results on Wednesday topped analyst estimates on nearly every metric.
1.49 billion are the monthly active users (MAUs) for June, with 1.31 billion MAUs on mobile. What the analysts had expected was 1.48 billion, with the mobile MAU number of 1.29 billion.
If you are residing in the UK and like to watch Bloomberg TV, you might have heard the DF Markets name during the prime time ad block.
Chinese shares took a dive of over 8% this Monday, as the country’s government failed to go forth with its plan to prop up valuations, casting a thick shadow of doubt over Beijing’s efforts to fend off a deeper crash.
Monday July 27, 2015
German Ifo Business Climate – EUR – 9:00am GMT
Ifo is short for the Munich Institute for Economic Research. This survey is highly respected due to its large sample size and historic correlation with German and wider Eurozone economic conditions.
IBM stock tumbled nearly 6% Tuesday after the tech giant reported that sales declined for the thirteenth quarter straight.
The poor quarterly results, along with a bad report from aerospace company United Technologies, sent ripples across Wall Street. The Dow Jones Industrial Average declined 181 points, or 1%, to 17,919 points.
We are incredibly honored to share that we have been nominated for an award in eight different categories for Shares awards 2015, an annual event celebrating the best of the UK’s financial services industry. Wow!