1 June, 2015 by The TZ Newswire Staff Comments Off on Breadth Turns Bearish, IWM Contracts and USO Challenges Channel Line
Breadth Turns Bearish, IWM Contracts and USO Challenges Channel Line
Stocks were all over the place last week. The S&P 500 plunged on Tuesday, rebounded on Wednesday and fell back on Thursday-Friday. For the week, the major index ETFs ended lower by around 1%. All sectors were lower with energy and industrials leading the way down. The healthcare and technology sectors held up the best and continue to lead the market on the upside. Banks also held up fairly…
1 June, 2015 by The TZ Newswire Staff Comments Off on Rate hike needed to pop bubbles: Robert Shiller
Rate hike needed to pop bubbles: Robert Shiller
The Federal Reserve should consider lifting interest rates sooner rather than later to tackle speculative bubbles, Robert Shiller told CNBC.
1 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Renzi’s Democratic Party scores tight win in Italy’s regional elections
The Wall Street Journal: Renzi’s Democratic Party scores tight win in Italy’s regional elections
Prime Minister Matteo Renzi’s party takes five out of seven regions, stumbling against a strong showing by antiestablishment and anti-European Union parties.
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1 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Citigroup likely to shut down Banamex USA amid money-laundering probes
The Wall Street Journal: Citigroup likely to shut down Banamex USA amid money-laundering probes
Citi’s California unit, which specializes in moving money across the southern U.S.
1 June, 2015 by The TZ Newswire Staff Comments Off on After BMY’s drop, cancer drug stocks set to move?
After BMY’s drop, cancer drug stocks set to move?
The stock-moving news flow started early out of the American Society of Clinical Oncology meeting in Chicago.
1 June, 2015 by The TZ Newswire Staff Comments Off on London Markets: FTSE 100 climbs, with AstraZeneca rising after drug update
London Markets: FTSE 100 climbs, with AstraZeneca rising after drug update
U.K.
1 June, 2015 by The TZ Newswire Staff Comments Off on Euro zone factory growth stumbles as core struggles: PMI
Euro zone factory growth stumbles as core struggles: PMI
Euro zone factory growth was weaker than previously thought last month as the bloc’s core countries continued to struggle, a survey of businesses showed on Monday. To restore economic growth and combat deflation, the ECB started buying around 60 billion euros a month of mainly government bonds in March and the survey suggested it is having at least some effect. Markit’s final May manufacturing Purchasing Managers’ Index (PMI) was 52.2, below a preliminary flash reading of 52.3 but just ahead of April’s 52.0.