- The single currency is still trying to keep its recent gained ground versus the greenback following Draghi's comments about the euro area current undervalued stance in the markets promising of taking what's needed of measures to shore up the confidence in getting over the crisis. These comments could help the current market sentiment loading risks driving down the yield of 10 year Spanish governmental bonds below 7% after reaching 7.73% earlier this week after losing trust period because o...
- Jennifer Gibbons, the Chicago woman vying to become the first person to row solo around the perimeter of Lake Michigan, is not letting her alleged sexual assault get in the way of accomplishing the feat.
- From persistent turmoil from the Euro area to expectations of further easing initiatives from China and the United states, the directives continue to come in thick and fast for the Australian dollar, and the week ahead promises to be little different.
David Kwiatkowski, A Lab Technician From New Hampshire, Accused Of Causing A Hepatitis C Outbreak And Infecting 30 PatientsDavid Kwiatkowski, a traveling laboratory technician, is accused of causing a hepatitis C outbreak and infecting 30 patients in New Hampshire. Kwaitkowski is also accused of stealing anesthetic drugs from Exeter Hospital.
James Holmes Allegedly Guns Down 12 In Colorado Shooting, Plus 5 Of America's Biggest Gun Massacres [PHOTOS]With the recent mass shooting in Aurora, Colorado, that left 12 people dead and 38 others injured, authorities can now add another horrible incident to the long list of random massacres that have plagued the United States.
- Amidst record-high temperatures and a very anti-climactic 4th of July, power outages have left millions without air-conditioning and even water in rural areas where households rely on electric pumps. At least 52 people have died from heat and three million people are still without power.
- NASCAR fans are having fun with Chad Norris, the new crew chief for Carl Edwards, for Norris' similar-sounding name to action star Chuck Norris by coming up with the hashtag #ChadNorrisFacts on Twitter.
- Despite the risk appetite setting back in the beginning of this week, the British pound could spend the night over 1.56 versus the greenback unfazed of the current jitters about Barclays and BOE keeping its earlier gains versus the greenback above 1. following the dovish release of US retails sales broad figure of June which came down monthly by 0.5% while the market was waiting for rising by 0.2% after decreasing in May by 0.2% and also the figure excluding the auto sales has shown the same pac...
- The U.S. travel and tourism industry is looking at a record-setting year, the U.S. Department of Commerce announced Friday, with both spending and visitor numbers well above last year’s figures.
- The dollar pared much of its weekly gains against its major counterparts as investors are encouraged by the rebound in stocks and commodities. The push higher in financial markets comes after JP Morgan's Q2 profits fell by less than expected and as investors anticipate an increase in government stimulus from China, the world's second largest economy. Meanwhile, US producer prices unexpectedly rose by 0.1% in June versus an anticipated decline of 0.4% as unseasonably dry weather pushes food...
- November soybeans were trading up 25 cents near 7:30 cst this morning. China soybean futures were up 0.9% overnight and Malaysia palm oil futures jumped 1.8%. While Hong Kong shares managed a slight rise today, that market for the week was down sharply. Apparently the markets saw the Chinese growth figures to be as expected and not much worse than expected and that seemed to provide European equity markets with a modest early lift. An item that might point to increased support for the Ch...
- While Hong Kong shares managed a slight rise today, that market for the week was down sharply. Apparently the markets saw the Chinese growth figures to be as expected and not much worse than expected and that seemed to provide European equity markets with a modest early lift. An item that might point to increased support for the Chinese economy, might have been seen in other data Chinese released overnight, which showed government fiscal spending in June jumping by nearly 18% over year a...
- Perhaps the gold market was short term overbought around the prior session's lows and perhaps global macro economic sentiment was too negative into this week's lows. Portions of the marketplace apparently anticipated definitively weak Chinese economic data overnight and there was also a temporary ripple of anxiety off the latest Moody's downgrade warning for Italy and that could have set most physical commodity markets on a negative track today.
- Relatively speaking silver has outperformed gold on a number of occasions this week, but that doesn't appear to be the case in the early Friday US trade action. Silver is showing some minor early gains because of generally supportive outside market action, but it is also possible that a moderate portion of the gains this morning are the result of a somewhat oversold condition from yesterday's hard down action.
- Commodity prices are on the upswing amid a broad-based recovery in risk appetite after second-quarter Chinese GDP figures printed broadly in line with expectations overnight. The result was received as net-neutral for sentiment, offering no additional fodder to drive risk aversion. This opened the door for a recovery in growth-geared assets, sending crude oil and copper higher. Gold and silver likewise found support as risk-on conditions sapped haven demand for the US Dollar.
- U.S. stock index futures point to a higher opening Friday as investors are speculating announcement of stimulus measures in China to boost its economic growth.
- Linda Chase, 72, and her live-in boyfriend of 10-years, Charles Zigler, 67, must have really enjoyed watching NASCAR together -- because when he died, she continued to watch the races with him.
- One major consequence of finding the Higgs boson? Stephen Hawking loses another bet.