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Article / 1 hour agoEuropean markets closed higher after data showed that German Ifo business climate data climbed to a two-month high in April. US markets are also trading in the green as strong durable goods orders data boosted investor sentiment.Read the article
Squawk / 5 hours agoBoom! US durable goods orders rose 2.6% m/m in March vs. 2% expected and 2.1% prior. Core orders (ex transportation) climbed 2% vs. 0.6% and 0.1% prior.
Even more importantly for GDP capital goods shipments climbed 1% as expected while February was revised to 0.7% from 0.5%. And key to further (GDP) investment capital goods orders ex. defense and aircrafts jumped 2.2% vs. 1.5% expected while February was revised to -1.1% from -1.3%. Solid, solid report...
Saxo TV / 5 hours ago
Jarman: Cautious market optimism after Apple and FacebookOwen ThomasApple and Facebook gave markets a boost this Thursday. H20 Market Analyst, Michael Jarman has the view from London and looks ahead to next week's earnings news.
Squawk / 6 hours agoGM reports Q1 EPS of $0.29 vs. $0.04 expected.
*GM 1Q REV. $37.4B, EST. $37.9B
*GM SAYS N. AMERICA, INTERNATIONAL OPS PERFORMING AS PLANNED
*GM SAYS EUROPE, CHINA PERFORMING BETTER THAN PLAN
*GM SAYS S. AMERICA WEAKER PERFORMANCE DUE TO VENEZUELA, BRAZIL
*OPEL CEO OPTIMISTIC GM EUROPE RESULTS TO IMPROVE THROUGH 2014
*OPEL CEO SAYS 2014 WILL BE `CRUCIAL MILESTONE' TO BREAKING EVEN
Squawk / 6 hours agoUPS reports Q1 EPS of $0.98 vs. $1.08 expected; sees full-year EPS at low end of guidance range.
*UPS SEES YEAR EPS AT LOW END OF $5.05-$5.30, EST. $5.19
*UPS: 1Q U.S. DOMESTIC REVENUE INCREASED 2.6% TO $8.5 BILLION
*UPS SAYS WEATHER WEIGHED ON OPERATING PROFIT BY ABOUT $200M
*UPS: 1Q INTERNATIONAL SEGMENT REVENUE IMPROVED 5.0% :UPS US
Squawk / 6 hours agoCaterpillar reports Q1 EPS of $1.61 vs. $1.23 expected, an upward surprise of 30.9%, and boosts full-year guidance to $6.10 from $5.86. Revenue $13.61 billion vs. $13.11 expected.
*CAT DOESN'T SEE RUSSIA SITUATION MATERIALLY IMPACT YR VIEW
*CAT SAYS RUSSIA ECONOMY WAS ALREADY PERFORMING POORLY
*CAT EXPECTS CONTINUED DECREASES IN MINING CAPEX FOR EQUIPMENT
*CAT SEES LOWER DEALER DELIVERIES ABOUT OFFSET BY INVENTORY
*CAT SEES RESOURCE INDUSTRIES' SALES TO BE DOWN ABOUT 20%
Squawk / 7 hours ago1873.75 and 1865 are the key supports today in the S&P 500 Futures (June '14). We have now posted 7 green candles in a row. You may have seen me talk about the "Rule of Nine" before, a rule that says you don't get more than nine green candles in a row, and a rule that's generally very reliable!
Obviously the key support is 1892.50, the recent high, with 1932 the target above here, being channel resistance.
Squawk / 10 hours agoSP500 E-mini ($ES_F) Aims to and Through the 1892.5 Peak
S&P 500 rebound effort favors a more bullish shift
• A high level digestion Wednesday to reinforce the switch to a range theme with the previous push above 1867.5 that neutralized the April topping structure.
• We still see a positive bias to a boarder non-trend theme, simply defined by the April continuation chart peak and trough at 1892.5 and 1803.25.
• We still see the bias higher for a test to 1887.5 and maybe the 1892.5 peak this week for a more bullish shift.
WHAT CHANGES THIS?
• Upside: Above 1892.5 aims for 1900.0 and Fibo targets at 1912.5 and 1926.0.
• Downside: Below 1803.25 aims for the 10 month trend line at 1795.0.
Please see full report with levels and latest audio-visual analysis here: http://members.marketchartist.com/Daily/sp500.pdf
Daily SP500 E-mini Future (Adjusted Continuation chart)
Article / 11 hours ago
Saxo Trade Navigator: Thursday, 24 AprilThe Saxo Trade Navigator provides you with daily technical insight into almost 200 instruments ranging from FX to equities, commodities and bonds.Read the article
Article / Yesterday at 16:51 GMT
Market Review: Downbeat US macro data lead stock markets lowerEuropean markets ended lower while the US markets are trading in the red as investor sentiment was dented following disappointing US economic data. Earnings reports from some major US and European corporates will attract market focus.Read the article