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Pound signals uptrend on lower than expected inflation

A slowdown in the economy and the negative impact of inflation on consumer spending had turned the Pound weak in the past two weeks. On the contrary, geopolitical tensions between North Korea and the US had increased the demand for

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American Workers Facing Stressful Workplace Conditions

A recent survey covering U.S. workers has shown that one-fifth find their workplace hostile and stressful. The study was conducted by Rand Corp., UCLA and Harvard Medical School and included responses from around 3,066 workers. The major findings from the

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Mastercard beats Q2 2017 view, Gross dollar volume up 9%

In the last week of July, consumer credit provider Mastercard Inc (NYSE: MA) reported higher than expected fiscal 2017 second-quarter revenue and earnings. That took the share price to a new 12-month high of $132.20. Mastercard also reported an increase

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Aussie turns bullish as iron ore hits $76.10

The Swiss Franc rose against all the major currencies earlier this week as investors rushed to exit from high-yielding assets such as the Australian dollar. The Swiss Franc’s rally began when US and North Korea exchanged fiery threats. As investors

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Las Vegas beats Q2 2017 estimates, Macao gaming rev. up 29%

Concerns over gaming revenue growth in Macao and weak US dollar resulted in a decline in the stock of casino and resort operator Las Vegas Sands (NYSE: LVS) in the last week of July. Ironically, the company had reported better

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Impressive job additions in July turn Greenback bullish

A rate hike coupled with the hawkish stance of the Bank of Canada, strong GDP growth, and the crude oil rally has kept the Canadian dollar one of the best performing currency last month. On the contrary, soft inflation data

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Strong German PMI, job data keeps Euro bullish

Of late the Pound is performing badly against its rivals, except the Greenback. A slowdown in the industrial activity, lack of wage growth, and Brexit related issues continue to harass the Pound. On the contrary, an improvement in the business

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GE beats Q2 2017 estimates, reaffirms FY17 EPS view

Despite beating fiscal 2017 second-quarter estimates of analysts, the stock of General Electric Company (NYSE: GE) declined to hit a 12-month low of $25.26. The 45% y-o-y decline in the quarterly earnings was primarily responsible for the weakness in the

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Euro remains bullish on strong Eurozone economic activity

The victory of Emmanuel Macron in the French election and improvement in the Euro zone economy continues to strengthen the Euro dollar against its rival currencies. One of the worst performing currencies against the Euro is the Japanese Yen. Since

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Novartis beats Q2 2017 estimates, lifts Alcon sales view

The stock of biopharmaceutical company Novartis Ag (NYSE: NVS) is trading near its 12-month high of $86.90. The company reported better than expected fiscal 2017 second-quarter earnings. However, revenues declined from last year as generic drugs pulled down the revenue

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