Argentina seen as defaulting on its debt burdens
Argentina for the second time since 2000 is defaulting on its debts. In the current case, the debt is owed to hedge funds in New York State.
Top set in S&P 500 from June 20
Have we set an interim or a lengthy top in the S&P 500 last friday, June 20? Is this the start of a trend? Julien David thinks so. “At G20News.com it is Breaking News that the S&P 500 Index hit a record today, Friday June 20th, 2014. Whether we see red boxed Br. News on […]
S&P 500 Index hits all time High
The S&P 500 Index hit its all time high of 1963.16 in the cash market and 1956.75 in the futures market. For the year the S&P 500 Index is up almost double digits from January 2014. Friday is the Quadruple Witching day for the S&P Futures and Options. The majority of Options are used to […]
$35 Billion is still $420 Billion per year
The Federal Reserver chairwoman, Janet Yellen, said that the Fed will continue to purchase at a rate of $35 Billion per month. Shaving off $10 Billion in stimulus per month. This is still a total of $420 Billion per annum. This will have affects on international equities and monetary policies. When the Fed announced its […]
Amazon up after FOMC meeting statement
Amazon was up after it announced its Fire Phone and its entry into the cell phone market. The Federal Open Market Committee said that it would cut $10 Billion from its monthly stimulus. Amazon’s reaction helped carry the NASDAQ composite into positive territory.
FOMC meeting Fed Decision will cut $10 Billion a month
Federal Reserve Open Market statement. Will cut an additional $10 Billion from its monthly stimulus policy. Economic activity has picked up . Housing is still slowing. Fed sees significant improvement in employment by projecting a sub 6.0 percent rate for 2015. Outlook stronger for 2015 GDP to 3.2 percent from 3.0 percent. Prior to FOMC […]
ECB cuts key rates and looks to stimulate European economy
The ECB cut key benchmark rates to 0.15 percent from 0.25 percent and the Euro marginal rates to 0.4 percent. Lastly overnight lending of deposits rate to negative 0.1 percent. Overnight lending is now below zero at negative 0.10 percent rates. As Japan had once done. This will now create a loaning situation where lenders […]
ECB cuts key rates, Market reaction
The ECB cut key benchmark rates to 0.15 percent from 0.25 percent and the Euro marginal rates to 0.4 percent. Lastly, overnight lending of deposits rate to negative 0.1 percent. Market Reaction The Euro reacted initially by dropping versus the dollar and appeared to make a run at an almost full percentage point down to […]
G7 Meetings begin
The G7 meetings begin in Brussels with President of European Commission, Jose Manuel Barroso. G20News.com will be tweeting on the G7 Summit meetings.
Inflation Rising in the US
The second month in a row saw core inflation rising slightly, however, more than a percentage point on a year over year basis for each of the last two reported months. The Personal Consumption Expenditures price index for April increased year over year by 1.6 percent. Core consumer spending data, excluding food and energy showed […]