31 July, 2017 by The TZ Newswire Staff Comments Off on Snap Inc. Lockup Expires, Stock Falls 2%
Snap Inc. Lockup Expires, Stock Falls 2%
The lockup period for shares due to Snap’s IPO has expired, sending shares even lower.
31 July, 2017 by The TZ Newswire Staff Comments Off on Ensco’s Earnings May Not Impress Investors, but Its Outlook Might
Ensco’s Earnings May Not Impress Investors, but Its Outlook Might
Recent earnings results may not show it, but it’s looking like the offshore rig market is starting to pick up again. There was no better example of this than Ensco‘s (NYSE: ESV) most recent quarter. Not only did the company succeed in obtaining new contracts, but management swung for the fences by acquiring Atwood Oceanics (NYSE: ATW).
Let’s take a look at the conflicting narratives for Ensco right now — its deteriorating earnings and its prospects — to figure out what is going on with this stock and the rig market in general.
31 July, 2017 by The TZ Newswire Staff Comments Off on EURUSD moves higher and above last weeks high into month end fixing.
EURUSD moves higher and above last weeks high into month end fixing.
The sellers had a short leash below 1.1735 and indeed they are covering into the fixing.
The EURUSD shorts were indeed on a short leash against the 1.1735 (). A move above that level has led to buying. In the process, the EURUSD has taken out last weeks high a 1.1776.
31 July, 2017 by The TZ Newswire Staff Comments Off on Cable catches a quick bid and hits 10-month high
Cable catches a quick bid and hits 10-month high
Fixing demand likely
We’re just rounding into the London fix and demand for GBP and EUR is notable with both pairs catching a bid. The rally in cable has sent it to a 10-month high on a break of Friday’s best level.
31 July, 2017 by The TZ Newswire Staff Comments Off on A Rising Market Pushes Affiliated Managers Group Higher
A Rising Market Pushes Affiliated Managers Group Higher
For Affiliated Managers Group (NYSE: AMG), strength in the financial markets helps its asset management business in many ways. Not only do good returns bring in more clients, but the asset base against which the company charges its management fees grows of its own accord during bull markets. Yet even when times haven’t been as good for the markets, AMG has demonstrated a competitive advantage in keeping clients satisfied.
31 July, 2017 by The TZ Newswire Staff Comments Off on OPEC output rises to highest of year
OPEC output rises to highest of year
Production rose 90K bpd
Reuters’ survey of OPEC production showed it at the highest levels of 2017. The main reason is Libya, which isn’t subject to quotas as it recovers from the Arab Spring.
31 July, 2017 by The TZ Newswire Staff Comments Off on The Fed’s Fischer speaks like he gets paid by the buzzword
The Fed’s Fischer speaks like he gets paid by the buzzword
Transitory, uncertainty, temporary. More of the same
The way we elevate central bankers, you would expect them to have more to say. The Fed’s Fischer was famous as a brilliant economist and professor long before he became Vice-Chair. Why? I don’t know because he has been sticking to the same boring script since he got the