On Thursday, March 6 representatives from inPERU, a not-for-profit organization dedicated to promoting foreign investment and the development of opportunities in Peru, as well as in its financial and capital markets, rang The Opening Bell® at the New York Stock Exchange to highlight Peru as an emerging country and potential source of investment.
Mr. Julio Velarde, the Governor of the Peruvian Central Bank, Mr. Jose Antonio Blanco, the Chairman of inPERU, Christian Laub, the Vice Chairman of inPERU and Chairman of the Lima Stock Exchange, as well as top executives from the...
From The Trading Floor: Stocks are rising this morning, sending the S&P 500 to a new all-time high as jobless claims fell to the lowest level in 3 months
U.S. Job cut announcements fell 24.4% in February according to Challenger, Gray & Christmas
Non-Farm business sector labor productivity increased at a 1.8% annual rate during the 4th quarter of 2013
Jobless Claims declined by 26,000 to 323,000 in the week ending March 1st an indication companies are holding on to staff even as the cold weather threatens business.
Factory goods new orders for January fell by -0.7% vs -0.5% consensus
The effects of the severe winter weather are evident throughout the economy, says the Fed Beige Book, but nevertheless, the expansion continues. Eight districts reported improved levels of activity, although New York and Philadelphia experienced slight declines because of the weather.
Ahead of the Bell: Dow futures are trading up 26 points and S&P futures are trading up 2 points. Investors remain optimistic that diplomatic efforts to cool the crisis in Ukraine will continue. European Union leaders are meeting in Brussels today and are set to impose sanctions against Russia, whose forces have seized control of Ukraine's Crimea region. Federal Reserve Chair Janet Yellen vowed to "do all that she can" to boost a US economy where unemployment is too high and inflation is too low. The European Central Bank is likely to announce new monetary policy updates after the International Monetary Fund called on the ECB to start buying public and private assets or extend more cheap long-term loans to banks, as well as cutting interest rates to a new record low.
Financial Information Services Division (FISD) sounds the gong to start their conference held at Beursplein 5.
FISD is a non-profit organization that provides a neutral forum supporting the global financial information industry. Its members are comprised of market data consumers including banks, brokers, hedge funds and investment firms, content providers including exchanges, news organizations and automated trading systems, and vendors including market data vendors, software developers and consulting firms. FISD Managing Director, Tom Davin, sounds the gong.
Benchmark U.S. stock indexes were mixed and little changed on Wednesday following two days of sharp swings as investors brushed off softer-than-expected U.S. economic data while keeping a close eye on developments out of Ukraine. Also in focus was the Fed Beige Book released at 2pm ET. Of the major S&P 500 sectors, Financials and Discretionary led gains while Energy and Utilities topped declines. Gold reversed from earlier gains and is fractionally lower. Crude Oil has been lower through the session as is the dollar which slipped against a basket of rivals.
A report released earlier today from payrolls processor ADP showed private employment increased by 139K jobs last month, short of the 151K economists had forecast. At the same time, private-sector jobs growth in January was revised down sharply to 127K from 175K.
A separate report from the Institute for Supply Management said its ISM services sector index...