Netflix Talking Points: Netflix shares entered Thursday roughly 5.5% higher for the week after the company announced on Tuesday it would increase its membership fee by $1 to $2 depending on the plan The increased fee helped to bolster the company’s outlook for the coming quarter A fairly on-target performance from the first of the
Expect economic data and earnings reports to be softer for much of the year as growth in the economy slows to under 2 percent in 2019, Leuthold Group’s Jim Paulsen told CNBC Thursday. “We’re going to have a fairly significant slowdown in the economy, in earnings, in attitudes and everything,” Paulsen said on “Power Lunch.”
Secretary of State Pompeo can return to work The US State Department says that all employees are expected report to work next week despite the government shutdown. HMMMMM Apparently the State Department is taking steps to make additional funds available to pay employees during shutdown and added that it will review whether it can continue
The 50 day MA comes in at 2626.53. High reaches 2625.50. Netflix is the first major tech firm to report after the close. The S&P moved to a new session high at 2525.50 but still could not breach the 50 day MA at 2626.58 (one point short). A move above targets the 50% at 2643.
WTI erases majority of daily losses. US Dollar Index looks to close day above 96. Coming up: Canada inflation data on Friday. The USD/CAD advanced to a 9-day high of 1.3318 earlier in the day but failed to preserve its bullish momentum as the loonie gathered strength on recovering crude oil prices. As of writing,
LONDON (Reuters) – OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand. The Organization of the Petroleum Exporting Countries said in a monthly report
Streaming service Netflix is scheduled to report fourth-quarter earnings after the closing bell Thursday, January 17. Earlier in the week, Netflix announced that it would be raising prices for U.S. subscribers by $1 to $2 depending on the plan. Investors sent shares up 6.5% on Tuesday following the announcement, as the move is projected to
US government shutdown could slow US Q1 growth Fitch is out with some thoughts on the US and EU. For the EU: there is a more material threat to our EU 2019 on growth forecast ECB will likely modify its for guidance on interest rates soon and possibly consider other accommodative moves related to bank
The EU’s Chief Brexit Negotiator, Michel Barnier, recently crossed the wires reiterating that the Brexit agreement negotiated with British Prime Minister Theresa May was the best possible deal. “We remain determined to work on a Brexit deal,” Barnier added. Source: Reuters.
As expected, South Africa central bank kept rates unchanged at +6.75%. The decision to keep policy steady was unanimous. The MPC considers monetary policy to be moderately accommodative Overall risks to inflation remain tilted to the upside Economic challenges are structural, with access risks to be to the downside Policymakers cut its inflation forecasts, adding
MARKET DEVELOPMENT – JPY IN DEMAND, NZD UNDERPERFORMS, GBP BREACHES 1.29 JPY: Safe haven demand is supporting the Japanese Yen this morning, which outperforms vs G10 currencies. Heading into the US session, equities are on the backfoot as investors show concerns over rising US-China tensions after reports stated that the US will pursue theft charges
Crude oil prices were able to recover initial losses this week as the latest data from the Energy Information Administration showed a larger than forecast draw in stockpiles. The EIA data for the week ending January 11th, showed US crude inventories falling by 2.7 million barrels versus the expected drawdown of 1.3 million barrels. In
Snap stock has all but given up the ghost. The social network was worth $31 billion after its public debut in March 2017. Now it’s less than $8 billion. The stock took another tumble Wednesday, dropping 13 percent in its worst performance since May, after the hasty exit of Chief Financial Officer Tim Stone just
Luego de la estrepitosa caída de los mercados bursátiles en EE.UU. a fines de año, había bastante comentario en la prensa sobre una posible recesión. Pero luego de que el Dow marcara uno de sus mejores comienzos de año, ya la prensa dejó el tema. Europa permaneció ignorado en ese sentido, a pesar de tener
Can talks with opposition parties yield a solution? The Brexit saga continues to dominate the headlines after Theresa May’s government narrowly – albeit predictably – survived a no confidence vote in parliament on Wednesday. This comes 24 hours after her deal suffered a humiliating defeat in parliament and as she seeks to engage in discussions
Thursday January 17: Five things the markets are talking about With the U.S government shutdown and the U.K’s Brexit standoff ongoing, coupled with the drawn-out Sino-U.S trade situation, there are enough reasons in play for investor market caution. Overnight, the demand for risk assets has taken a step back again, with global equities trading under
Comments by House of Commons leader Andrea Leadsom She also notes that the debate on the motion will be held on 29 January. Looks like the Brexit muddle will drag on until the end of this month then. As mentioned earlier, we’ll have to probably wait until the weekend before we hear anything substantial on
First attempt fails after price hits a high of 1.3309 then backs off ForexLive Price climbed above the key hourly moving averages in Asian trading today and weaker risk sentiment is only helping to fuel a move higher on the day. Oil is trading lower by 0.7% and that’s also helping to add a bit
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