Pesimistic crescendo! It’s a term I coined in March 2009 when myself and colleagues called the bottom in US stocks when I was Treasurer of Newcastle Permanent Building Society. All it means is that there is blood in the streets and panic all around. While I am not yet convinced that last night…
See the original post here:
The S&P has found support and USDJPY hit its target – time for a bounce?
Walter Energy has mining operations in the U.S., Canada, and the UK. Canadian operations include three surface mines while UK operations include a surface and an underground mine.
View original here:
Overview of Walter Energy: The pure-play met coal producer
The first half of October and particularly the last five days and today have been brutal for investors who had bought into the notion of the low-volatility “Goldilocks” economy and markets. They have experienced large losses on their highly correlated positions in different asset classes. Indeed,…
See the original post:
October’s Wild Ride Isn’t Over Yet
The manufacturing sector experienced its fourth consecutive increase in expansion levels during September, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for September was 58.1 (a PMI reading above 50.0 indicates that manufacturing i…
See original here:
Rising stocks – PMI
Back during the Great Financial Crisis, I’d get a panicked call from my grandma at least once a month, asking if the stock market crash would ever end and whether she should take her money out to bury in the proverbial backyard. In contrast, her calls over the last five years have filled with…
Read more:
Panic! On Wall Street: When Will The Bleeding Stop?
Alumina producers price their products at a percentage of aluminum prices. Alumina prices depend on prevailing aluminum prices on the LME.
Excerpt from:
Why upstream profits increased with rising aluminum prices
According to the Oil & Gas Journal, at the beginning of 2014, Venezuela had ~298 billion barrels of proved oil reserves. Saudi Arabia is next with 266 billion barrels, followed by Canada with 173 billion …
View post:
Why Venezuela plays an important role in the oil and gas industry
The U.S. said China has shown “some renewed willingness” to let the yuan strengthen while reiterating the currency “remains significantly undervalued.” In a twice-yearly report to Congress on foreign exchange, the Treasury Department said changes to China’s currency policy remain incomplete and t…
Read more from the original source:
U.S. Says China Shows Some ‘Willingness’ to Let Yuan Rise
Curious why Netflix is being obliterated after hours, plummeting to 5 month lows, down some $100, or 24% after hours after reporting earnings? The answer is highlighted in the Q3 investor letter, and specifically the red highlighted number, which is NFLX’ guidance for Q4 EPS: The problem is that the…
Go here to read the rest:
Netflix Obliterated After Guiding To Half Expected Q4 EPS, Streaming Adds Hit Brick Wall: Stock Down $100
The Bank of England should ignore the recent dip in inflation when setting interest rate policy, according to monetary policy committee (mpc) member Martin Weale, who indicated that he will continue to vote for an immediate hike in rates. Weale said the Bank should “look through” the current low …
Read the rest here:
Bank of England should ignore inflation dip, says MPC member
Sinking global stock markets are no worry to Federal Reserve Bank of Dallas President Richard Fisher right now. “A market correction doesn’t mean the economy is in trouble,” Mr. Fisher said in an interview on Fox Business Network Wednesday. “Without mentioning any companies in particular, prices …
More:
Stock Market Blowout Isn’t Keeping Dallas Fed Leader Fisher Up At Night
There’s more bad news on the global economy as Wal-Mart cut its FY2015 sales forecast. They now see sales growth 2-3% compared to 3-5% they previously forecast, according to CFO Charles Holley at analyst day. They also see profits ‘somewhat slower’ over the next 3 years.
See the original post:
Wal-Mart cuts its sales forecast
Wall Street had for the most part shrugged off a recent slide in global stock markets, viewing the declines as an adjustment that was bound to take place after so many years of uninterrupted gains. That complacent view was upended on Wednesday. Waves of nervous selling rocked the stock market …
Read the original here:
Stocks Tumble on Global Growth Worries
Stocks suffered their biggest losses in years and the dollar slumped on Wednesday after the latest inflation data from the United States and China fanned worries about a global slowdown, driving investors into safe-haven government debt. The selloff wiped out all of the year’s gains in major U.S. “Right now, the risk play is off the table until stability re-enters, whether it’s through better economic data, better grip and understanding of the Ebola concerns,” said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. Federal Reserve might hike interest rates.
View original post here:
Stocks slump, bonds rally as global economy fears mount
Federal Reserve Chair Janet Yellen voiced confidence in the durability of the U.S. economic expansion in the face of slowing global growth and turbulent financial markets at a closed-door meeting in Washington last weekend, according to two people familiar with her comments. The people, who asked…
Original post:
Yellen Said to Voice Confidence in U.S. Economic Expansion
The company is the second-largest reserve holder in the Powder River Basin after Peabody Energy Corporation with reserves of 3.3 billion tons.
Here is the original:
Overview: A quick look at Arch Coal’s operations
In this series, we’ll analyze major coal producers’ debt and liquidity positions, cash burn, probability of default and credit ratings in an attempt to find out which company will be next.
Read more:
Why outlook is bleak for US coal producers
Despite significant upset in financial markets, Federal Reserve officials believe economic growth is progressing at a “modest to moderate” pace. The Fed’s “Beige Book” of economic conditions indicate officials there believe growth to be a modest to moderate pace, with consumer spending improving …
More:
Fed’s Beige Book sees steady growth, spending up, job conditions improving
Reports from the twelve Federal Reserve Districts generally described modest to moderate economic growth at a pace similar to that noted in the previous Beige Book. Moderate growth was reported by the Cleveland, Chicago, St. Louis, Minneapolis, Dallas, and San Francisco Districts, while modest…
More here:
Beige Book – October 15, 2014
Italy’s government is expected to clear a E30 billion budget plan Wednesday that includes a mix of tax cuts and public savings in an attempt to support growth in Europe’s third largest economy and reassure the European Commission on the solidity of its public finances, government officials and…
See the original post:
Italy Preps For Budget Showdown With EU Commission
