The Traderszone Network

European Central Bank President Mario Draghi’s dovish comments keep the door open for the central bank to embark on large-scale purchases of government bonds.
read more

Sweden’s Hennes & Mauritz AB said sales in its fiscal fourth quarter have got off to a slow start as a result of warm weather in most markets.
read more

Rosneft (ROSN.MM), Russia’s biggest crude oil producer, may back out of a deal to buy Morgan Stanley (MS.N)’s oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said. Morgan Stanley is under U.S. A spokesman for Morgan Stanley declined to comment. Rosneft declined official comment.

By David Hunkar:

The equity markets of major European economies have lagged the performance of the U.S. market so far this year. The year-to-date returns of the main European markets as of Sept 22nd are listed below:

UK’s FTSE 100: 0.4%
France’s CAC 40: 3.4%
Spain’s IBEX 35: 10.4%
Germany’s DAX: 2.1%

U.S. stocks have performed very well relatively, with the S&P 500 up 7.9% as of Sept 22, 2014.

read more

A change of guard at China’s central bank is unlikely to herald a major shift in monetary policy but could alter the pace of financial reforms.

By ValueWalk:

By LPL Financial

This week marks the start of fall with the autumnal equinox. In coming weeks, nighttime hours will gradually surpass daytime hours throughout the United States. Similar to the shift in the number of daytime and nighttime hours, state revenues have evened in recent months and the upside surprises of recent years are fading.

read more

By Charles Lewis Sizemore, CFA:

Over the course of his hockey career, Wayne Gretzky repeated several variations of a truly fantastic quote: “I skate where the puck is going to be, not where it has been.”

Gretzky attributed the quote to his father, and he credits the advice with making him the hockey legend we remember today.

read more