The
strong earnings season has been the key factor lifting U.S. stocks. With 24.1%
earnings growth and more than 79% of S&P 500 companies managing to beat
profit forecasts it looks to be the best earning season in recent history.
However, as we get closer to the end of company announcements, the focus will
return to trade frictions, geopolitics and the forthcoming U.S. mid-term
elections.
Many
investors were watching oil prices after the U.S. re-imposed sanctions on Iran.
The U.S. aims to bring Iranian oil exports to zero by November, but given that
China, India, and the E.U. are opposing these sanctions it's becoming a
difficult guess as to how many barrels will be off the market by then. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Brent
was slightly up on Tuesday trading near $74. With global demand remaining
healthy and the global heat wave increasing oil demand, we think prices will
remain well-supported in the near term. However, a break above $80 needs a
supply shock, but we are not there yet.
In
currency markets, the Pound fell to an 11-month low against the Dollar on
Monday on renewed worries that the U.K. will break away from the E.U. with no
deal. This came after Trade Minister Liam Fox put the chances of Britain
leaving the E.U. without a deal at “60 – 40”.
Pessimistic
voices out of the U.K. are increasing. Fox’s comments came after BoE Governor
Mark Carney warned that the risk of a no-deal Brexit is “uncomfortably high”.
The more we hear the term “no Brexit deal” from U.K. officials, the more
selling pressure is expected to be felt by the Sterling. GBPUSD has fallen by
more than 10% from its 2-year high recorded on 17 April and this downtrend is
likely to resume unless there is a positive surprise breakthrough. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The
Turkish Lira also came under renewed selling pressure, tumbling more than 6% on
Monday to a hit a new record low of 5.42 against the Dollar as tensions
escalated between Washington and Ankara. The central bank’s change of reserve
rules to support foreign exchange liquidity seems to have had a limited effect
on the currency. The only tool that may provide some relief for the currency
for the moment is raising interest rates, but there doesn’t seem to be a
willingness to do so.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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