The Reserve Bank of New Zealand holds the benchmark rate at
3.5%. Asia markets are lower failing to follow the US lead except for the NIKK
that gains +0.8% due to the weakening yen. The dollar/yen is running towards
107 and tags the new psychological level printing a high at 107.03. PM Shinzo
Abe meets with BOJ Governor Haruhiko Kuroda which hints at more money printing
on the way pumping Japan stocks higher. The central bankers control the
ma
[Text is Redacted: Purchase September 2014-09 to Read the Complete Chronology]
.7%. The steel sector feels love with X popping +5%. BBRY gains +5%. P is up +3.2% due to new licensing deals.
[Text is Redacted: Purchase September 2014-09 to Read the Complete Chronology]
.7%. The steel sector feels love with X popping +5%. BBRY gains +5%. P is up +3.2% due to new licensing deals.
After the closing bell, beauty retailer ULTA reports strong
earnings and bounces a very pretty +13%. ADS announces plans to buy CNVR. Both
stocks are halted and when trading begins CNVR catapults +33% higher and ADS
gains +3.5%. Marketing company Alliance Data Systems buys digital advertising
company Conversant so FUEL jumps +5% higher riding the coattails. Fledgling
digital advertising company Rocket Fuel may become a takeover target. HPQ
trades lower after announcing an acquisition of software company Eucalyptus.
HTZ jumps +5% after the rental car company places three of activist investor
Carl Icahn’s people on the board.
The US budget deficit is $129 billion for last month in line
with the $130 billion expectations and under the $148 billion for August 2013.
Dr Marc Faber repeats his call for a -30% stock market selloff and cites the
weakness in stocks such as MCD indicating weaker earnings ahead. Faber correctly
points out that fewer and fewer stocks are making new highs and a greater
number of stocks are printing 12-week lows.
Secretary of State Kerry says the US is not in a war against ISIS creating confusion after the president’s talk last evening. Kerry says the US is involved in a “very significant counter-terrorism operation that will continue for some time.” Obviously, the word play is due to President Obama not wanting to appear in the history books as having started a war in the Middle East. Britain makes it clear that they will not participate in airstrikes in Syria. At 6 PM, a man jumps the fence at the Whitehouse north lawn area and is apprehended by police.
Secretary of State Kerry says the US is not in a war against ISIS creating confusion after the president’s talk last evening. Kerry says the US is involved in a “very significant counter-terrorism operation that will continue for some time.” Obviously, the word play is due to President Obama not wanting to appear in the history books as having started a war in the Middle East. Britain makes it clear that they will not participate in airstrikes in Syria. At 6 PM, a man jumps the fence at the Whitehouse north lawn area and is apprehended by police.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.