US News

Janet Yellen, the heir-apparent to Ben Bernanke as the head of the US Federal Reserve Bank, must face congressional confirmation hearings set to begin today before she can ascend to the throne room of the US economy on 01 February 2014. I doubt that anything substantive will be learned by observing the session that begins […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, While we might have thought the surprise of the week was the ECB cutting interest rates to help counter falling inflation in the single currency region, make that three surprises now after US GDP and US Non-Farm Payrolls (NFP) […]

All eyes of global investors in the stock market were on the debut of Twitter on Wall Street, under the symbol NYSE: TWTR and an initial price per share of USD $26. About 11:00 am ET, the price per share amounted to USD $ 45.10, representing an increase of nearly 72.16 % to 2.200 transactions per minute. […]

NYSE Euronext (NYSE:NYX) have reported net income of $178 million, or $0.73 per diluted share on a GAAP basis, for the third quarter of 2013, compared to net income of $108 million, or $0.44 per diluted share, for the third quarter of 2012. Results for the third quarter of 2013 and 2012 included $24 million […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This week saw the UK’s FTSE100 Index add a further 100 points (1.5%) to revisit 6,700 as risk appetite remained supported by the US fiscal resolution (albeit short term, be prepared for a re-run), a welcome rebound in China […]

Once upon a time there were mining giants.  They mined huge amounts of different ores all over the world.  In order to get their mining done, the giants needed the help of elves.  WRONG STORY!  They needed that help of other giants.  One of them was a giant Caterpillar.  The Caterpillar became very rich and […]

If you follow this column on even a semi-regular basis, you know that I stand on the axiom that “cause and effect are not necessarily closely related in time and space.”  Were it not for the single word “necessarily,” Shire Plc (LSE:SHP) would have resoundingly proven me wrong today.  Shire released it Q3 financials at […]

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2013. The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative $2.9 billion. Of this, net foreign private outflows were negative $15.1 billion, […]

Wall street was very positive on a Friday, in which several companies ads were the protagonists. The results published by Google Inc. and Morgan Stanley were well received on Wall Street, plus S & P500 exactly where this was boosted bullish. Moreover, the U.S. dollar had significant drops this week and closed below 79.65 minimum. […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This was the week that US politicians finally saw the error of their ways and pulled their country back from the brink of debt default, albeit by delaying the inevitable for just a few months meaning we’re likely to […]