23 March, 2015 by The TZ Newswire Staff Comments Off on Short-Term Trend, Breadth and Intermarket Analysis
Short-Term Trend, Breadth and Intermarket Analysis
Stocks traded flat most of the day on Monday and then got hit with some selling pressure in the final ten minutes and the major index ETFs closed slightly lower. The sectors were mixed with some modest selling pressure hitting the Industrials SPDR (XLI) and the Finance SPDR (XLF). The Consumer Discretionary SPDR (XLY) and Consumer Staples SPDR (XLP) finished with small gains and showed
23 March, 2015 by The TZ Newswire Staff Comments Off on Asian shares wobble as China PMI weighs
Asian shares wobble as China PMI weighs
“For today the focus is likely to be on the preliminary flash manufacturing and services PMI data from Germany and France for March, particularly in light of the weak Chinese HSBC manufacturing PMI number,” Michael Hewson, chief market analyst at CMC Markets, said in a note. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.2 percent in choppy trade, pulling higher in the late afternoon after the Chinese figure knocked it off its early highs. Japan’s Nikkei stock average (.N225) slipped 0.2 percent, pulling away from the previous session’s 15-year highs.
23 March, 2015 by The TZ Newswire Staff Comments Off on Fed’s Williams says mid-year rate rise may be appropriate
Fed’s Williams says mid-year rate rise may be appropriate
Federal Reserve policymakers should wait no more than a few months before considering raising U.S. interest rates from their current near-zero level, a top Fed official said on Tuesday. “I think that by mid-year it will be the time to have a serious discussion about starting to raise rates,” San Francisco Fed chief John Williams said in remarks prepared for delivery to Australian Business Economists.
23 March, 2015 by The TZ Newswire Staff Comments Off on Madoff feeder fund settles; victims’ recovery tops $10.6 billion
Madoff feeder fund settles; victims’ recovery tops $10.6 billion
The trustee recovering money for Bernard Madoff’s victims on Monday announced a settlement to recoup $93 million from a “feeder fund” that sent client money to the swindler’s firm, boosting the total sum raised to roughly $10.65 billion. Irving Picard, the trustee, said the settlement calls for the Defender Ltd feeder fund to receive a $522.8 million claim in the liquidation of Bernard L. Madoff Investment Securities LLC because it deposited more there than it withdrew.
23 March, 2015 by The TZ Newswire Staff Comments Off on Oil drops as Saudi output nears record, China demand worries drag
Oil drops as Saudi output nears record, China demand worries drag
Oil prices dropped on Tuesday after activity in China’s factory sector fell to an 11-month low and as Saudi Arabia said its production was close to an all-time high. The PMI drop in China followed an overnight report that Saudi Arabia, OPEC’s biggest producer, was now pumping around 10 million barrels of crude oil per day, a near all-time high and some 350,000 bpd above the figure Saudi Arabia gave to OPEC for its February output.
23 March, 2015 by The TZ Newswire Staff Comments Off on Italy prosecutors wrap up tax probe into Apple: sources
Italy prosecutors wrap up tax probe into Apple: sources
Italian prosecutors have wrapped up an investigation into allegations U.S. tech giant Apple (AAPL.O) failed to pay corporate taxes to the tune of 879 million euros ($964 million), two sources said on Monday. The investigations, covering the period 2008-2013, involve two managers from the Italian subsidiary of Apple operations and one from its Irish-based subsidiary Apple Sales International, the sources said.
23 March, 2015 by The TZ Newswire Staff Comments Off on Japan finance minister says would be desirable for AIIB to work with ADB
Japan finance minister says would be desirable for AIIB to work with ADB
Japanese Finance Minister Taro Aso said on Tuesday it would be desirable if the China-backed Asian Infrastructure Investment Bank (AIIB) could work with the Asian Development Bank (ADB) in meeting growing demand for infrastructure financing in Asia. At least 35 countries will join the AIIB by the March 31 deadline, the bank’s interim chief announced on Sunday. It has been seen as a challenge to the World Bank and ADB, institutions Washington helped found and over which it exerts considerable influence. “As demand for an absolute quantity of (infrastructure) financing is growing …