Announcement come thursday, thats a twoday meeting, wednesday and thursday. You can see ahead of that the dow futures look like theyre up ahead 36 points. S p up by 4, nasdaq up by 15. We have a couple of big market stories were watching this morning. Disappointing Economic Data. Fixed Asset Investment industrial producing falling short of estimates. Retail sales did come in stronger than expected. Shanghai composite closing down nearly 3 . Volatile session shows that the index is dropping as much as 7 at one point. In other news out of china, government announcing that excuse me, government officials announcing that beijing will work to reform its own huge state owned enterprises and introduce mixed ownership. And in europe today interior ministers are meeting to talk about the migrant crisis and how countries can share new arrivals. Germany temporarily introducing Border Controls saying the move is urgently needed for reasons of security and to curb the large number of migrants. They
Rates begin to rise . Four reasons to be bullish still about the American Housing market ahead. And get a load of this one. American airlines actually flew the wrong plane from los angeles to hawaii. It wasnt certified to fly that distance over water. How in the world does Something Like that happen . That is the question were going to try to find answers to. But we do begin ty with the possibility of a rate hike this week, which would be the first fed increase in about a decade. Dominic chu has been taking a closer look at the stocks that are the most sensitive to a rate hike. Arguably by what im going to show you, investors and traders have already been positioning themselves for a possible rate hike from the fed. So you have heard it before, well say it again. Utility stocks are often viewed as one of the big sentiment gauges or proxies for what happens with Interest Rates. The reason why is because when Interest Rates rise or are threatened to rise, utility stocks tend to sell off.
Harvest Investment Services LLC acquired a new stake in shares of Teekay Tankers Ltd. (NYSE:TNK – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,304 shares of the shipping company’s stock, valued at approximately $1,564,000. Harvest Investment Services LLC owned 0.09% of Teekay Tankers […]
Teekay Tankers (NYSE:TNK) Hits New 52-Week High at $73 30 dailypolitical.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypolitical.com Daily Mail and Mail on Sunday newspapers.
Amalgamated Bank trimmed its position in Teekay Tankers Ltd. (NYSE:TNK – Free Report) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,062 shares of the shipping company’s stock after selling 233 shares during the period. Amalgamated Bank’s […]