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Daily Markets Broadcast 2019-04-18 The Daily Market Broadcast will pause on 19 Apr 2019 and resume on 22 Apr 2019 Wall Street struggles to make further headway Despite strong Q1 growth data from China and strong earnings reports from the transport sector, US indices struggled to post additional gains, with only the NAS100 index moving
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Easter recess in the UK parliament limits the GBP moves, traders await March month retail sales data. More than two-month-old ascending trend-line acts as immediate support near 1.3035/30 contrast to 1.3100/05 being strong upside resistance. The British Pound (GBP) is taking the rounds near 1.3040 versus the US Dollar (USD) on early Thursday. The GBP/USD
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Weighing in at 800 pounds. Getty One way to reduce the degree of difficulty associated with pharma investing is to pursue companies that dominate their markets.  Two pharma companies I like because of the breadth and depth of their “ownership” are Zoetis and Vertex Pharmaceuticals.   Though often overlooked, Zoetis is among the world’s leading pharmaceutical
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Currency reserves may be related by 60% The Financial Times reports that Turkey’s currency reserves may not equal the $28.1 billion touted by the central bank. Instead, they could be inflated by short-term borrowing via swaps. Strip those out and reserves total only $16 billion. It’s a key metric because the reserves are Turkey’s defense
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USD/CAD is currently trading at 1.3343 between a range of 1.3274 and 1.3372. USD/CAD wobbles back below the 38.2% Fibo only to firm back into the sideways and familiar range.  USD/CAS has given traders some action on Wednesday with Canadian CPI hitting the market where, while headline inflation firmed up to 1.9% in March, matching
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Overall Economic ActivityEconomic activity expanded at a slight-to-moderate pace in March and early April. While most Districts reported that growth continued at a similar pace as the previous report, a few Districts reported some strengthening. There was little change in the outlook among contacts in reporting Districts, with those expecting slight-to-modest growth in the months ahead. Reports on
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US petroleum inventories and production data for the week ending April 12 Prior was +7029K Gasoline -1174K vs -2300K expected Distillates -362K vs -1000K expected Refinery utilization +0.20% vs +1.00% expected Production 12.1 mbpd vs 12.2mbpd prior API data late yesterday: Crude -3096K Gasoline -3561K Distillates +2330K Cushing -1561K WTI is not doing much on
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Stocks struggled to retain gains from earlier in the day as Wall Street pored through the latest batch of corporate earnings. The Dow Jones Industrial Average dipped 47 points, while the S&P 500 dipped 0.1%. The Nasdaq Composite traded 0.1% lower. IBM reported better-than-expected earnings, but its stock fell 5.5% as its revenue fell for
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Fading away….  If elections were held today, Argentine President Mauricio Macri loses against every top candidate. (AP Photo/Rafiq Maqbool) photo credit: ASSOCIATED PRESS Get ready for another Argentina default! Incumbent President Mauricio Macri is slipping deeper in the polls and inflation is ridiculously high, now over 51% annualized. Argentina is facing a “Macrisis”, as one
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Narendra Modi, India’s prime minister, left, speaks during an event marking the release of the Bharatiya Janata Party manifesto at the party’s headquarters in New Delhi, India, on Monday, April 8, 2019. The ruling BJP pledged spend $1.44 trillion on infrastructure to boost the economy and raise living standards, in a bid to match its
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