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Sensex Closes Weak; Consumer Durables & Oil & Gas Stocks Fall
Article By:
Equitymaster India
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Wednesday, June 28, 2017 8:57 AM EDT
Indian share markets continued to witness profit booking in the afternoon session amid weak global cues.
“It’s Close To Madness!”: Shale Is Going To “Destroy The Oil Industry,” Analyst Shrieks
Article By:
The Heisenberg Report
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Wednesday, June 28, 2017 8:43 AM EDT
And while it’s pretty clear that by pumping at full tilt, US operators are sowing the seeds of their own demise by effectively working their asses off to drive down the price of the very commodity they’re producing .
EUR/USD, Bund Yields Plunge After ECB Tells Market 'You Misjudged Draghi's Comments'
Article By:
Tyler Durden
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Wednesday, June 28, 2017 8:36 AM EDT
Vice President Vitor Constancio scrambled to set the record straight, saying the remarks were “totally” in line with existing policy and the response by investors was hard to understand.
In this article: FXE
Shortening Duration, Getting A Second Chance
Article By:
WisdomTree
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Wednesday, June 28, 2017 8:35 AM EDT
The UST market is giving fixed income investors a second chance at preparing their portfolios for the potential of higher rates later this year.
EUR/JPY Elliott Wave Analysis Update
Article By:
Elliottwave Forecast
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Wednesday, June 28, 2017 8:20 AM EDT
EUR/JPY rallies as impulse from 6/15 low (122.35). Near term, expect more upside to end wave ((iii)) before a pullback in ((iv)) and higher again.
Trump Pardon Triggers Shocking Move In Bank Stocks
Article By:
Paradigm Press
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Wednesday, June 28, 2017 7:53 AM EDT
Last week, the House passed the Financial Choice Act. Among other things, it exempts small banks (those with less than $50 billion in assets) from key CFPB regulations on loan-making.
In this article: ISTR
What’s The Outlook For The US Yield Curve?
Article By:
James Picerno
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Wednesday, June 28, 2017 7:48 AM EDT
The forces of momentum appear set to flatten the yield curve further. The antidote, of course, is a run of surprisingly strong economic data. For the moment, however, the bond market is skeptical.
Euro Surges As Europe Stocks Slump; Yields Rise After Central Bankers Spook Markets
Article By:
Tyler Durden
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Wednesday, June 28, 2017 7:35 AM EDT
U.S. index futures point to a slightly higher open, as markets in both Europe and Asian fall. The EUR surges to one year highs as markets continue to reverberate from Draghi's hawkish comments.
Stocks Fall Across The Globe As Hawkish Central Banks, Washington Jitters Roil Risk
Article By:
The Heisenberg Report
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Wednesday, June 28, 2017 7:31 AM EDT
A day after Mario Draghi took what certainly seems to have been a hawkish turn by saying the ECB would “look through” lackluster inflation data, the euro hit a 1-year high.
Crude Oil Sinks 20%: Why "Oversupply" Isn't The Half Of It
Article By:
Global Economic Intersection
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Wednesday, June 28, 2017 7:16 AM EDT
Oil bulls had been served the ultimate bullish advantage on a black-gold platter; namely, the first major oil supply cut in eight years.
Delayed Not Dead
Article By:
Marvin R Clark
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Wednesday, June 28, 2017 7:06 AM EDT
Does not mean that tax reform is dead, just slightly delayed. This means that GOP donors are going to turn up the heat on senators over the coming days pushing for health care and/or tax reform, and the donors will be pushing hard.
Goldman Raises S&P500 Year-End Price Target From 2,300 To 2,400
Article By:
Tyler Durden
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Wednesday, June 28, 2017 6:48 AM EDT
We raise our year-end 2017 S&P 500 price target to 2400 from 2300, reflecting a 1% decline over the next six months. This return would represent a 27th percentile event since 1975.
In this article: SPX