Breakfast Bites: After reaching another 5 year high on the S&P 500, equities are taking a breather today, much as they did when we previously reached a 5 year high, possibly as an increase in Chinese inflation increased concerns that officials may curb economic stimulus measures.
The trade deficit unexpectedly widened in November as American retailers stocked up on imported goods for the holiday’s and demand for foreign autos rebounded following super storm Sandy.
The Labor Department reported today that prices of goods imported into the US unexpectedly dropped 0.1% in December after falling 0.8% the prior month
China's consumer price index rose 2.5 percent in December from the previous year, accelerating from 2.0 percent year-over-year growth the previous month and marking higher inflation than the 2.3 percent expected by economists
U.K. industrial production also contracted more than expected in...
Ahead of the Bell: Dow futures are trading up 80 points and S&P futures are trading up 11 points. The earnings parade continues with the major financial institutions reporting 4th quarter result. Wells Fargo reported quarterly results that beat analysts forecast and provided a positive outlook for 2013, followed by American Express, which reported after the closing bell on Thursday that it would cut 8.5% of its workforce and restructure its business. However, investors remain nervous that the impact of Hurricane Sandy and the fiscal cliff debate will impact year end results. China reported disappointing inflation data, but an improving global outlook is encouraging.
On the economic calendar today, international trade for November will be out before the market opens, it is expected to be $-41.1B compared with $-42.2B for October. Import and export prices for December...
On Wednesday 9 January, the 6th annual Dutch Investor Relations Awards ceremony is held in the Passenger Terminal in Amsterdam.
Over 200 guests came to see prizes awarded to the best companies and the best Investor Relations professionals in three categories (AEX, AMX, and AScX/local). In addition, an award was given to the best Debt IR Company in the financial and non-financial categories. The winners Heineken (AEX and Debt IR non-financial), Vopak (AMX), Beter Bed Holding (AScX/Local) and ABN AMRO (Debt IR financial) sound the gong at Beursplein 5.
Stocks extended yesterday’s gains, with the S&P 500 ending at a new 5-year high, following better than expected export data out of China and optimism over Q4 earnings season. China's export growth rebounded sharply to a seven-month high last month, ending the year strong after seven straight quarters of slowdown.
On the economic front, a report release by the Labor Department showed that more American filed for unemployment benefits last week. Jobless claims increased by 4,000 to 371K in the week ended January 5.
The euro jumped as much as 1.6%, the biggest gain since August, as the region’s central bank left interest rates unchanged. The central bank is confident that that euro zone economy will recover in 2013 as the region has already shown some signs of stabilization.
On Thursday, January 10, executives and guests of Bay Crest Partners, will visit the New York Stock Exchange (NYSE) to celebrate the company's 20th anniversary of NYSE membership.
To mark the occasion, partners Richard Crisalli, William Mulligan and Anthony Ricco will ring The Closing Bell®.
About Bay Crest Partners, LLC
Bay Crest Partners, LLC is an agency-only broker dealer providing expertise in trade execution, market strategy insight, technical research and corporate access. We focus on providing actionable trading ideas, timely and relevant market insight and obtaining "best execution" for our clients. We are devoted to protecting our client's identity and their ability to trade anonymously. Our combination of talented and experienced professionals, cutting edge technology, and direct...