|Bid||34.53 x 80400|
|Ask||34.81 x 46000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
The U.K. is due to leave the European Union in less than a year, but hasn’t agreed on just how do it. The uncertainty around Brexit might already be taking a toll. Since the vote to leave the E.U. in June 2016, confidence in the credit of large U.K. corporations has been deteriorating, according to Credit Benchmark, a financial data analytics company that tracks banks’ views of credit risk.
Netflix Punished As Subscribers Don’t Increase As Much As Analysts Wanted Netflix (NASDAQ:NFLX) is down nearly 12% this morning on the back of news that its subscriber base only increased by 670,000 instead of the 1.1 million that people wanted to see. Despite this precipitous and scary drop, the stock is still up nearly 100% […] The post Market Morning: Netflix Dumps, CIA Fumes over Putin, Musk Loses It appeared first on Market Exclusive.
This Week On the Economic Calendar: Manufacturing, Foreign T-Bond Buyers, Housing Starts Not too busy of an economic calendar this week but there will be a few significant reads out of the United States. Manufacturing data comes out of the New York Fed today, and foreign buyers of T-bonds on Tuesday which should help gauge […] The post Market Morning: Lybia Cuts Oil Output, May Makes Brexit Demands, Amazon to Data Switches appeared first on Market Exclusive.
The UK manufacturing PMI witnessed a marginal rise in June. It stood at 54.4 in June compared to 54.3 in May. The PMI figure beat the preliminary market expectation of 54.0.
A year after the market-moving referendum, Brexit continues to cause commotion in the United Kingdom. Two British cabinet members announced their resignations this week in protest of the soft shape Brexit ...
Britain's national soccer team is finding their groove with their entry into the semifinals of the World Cup, but the state of their government paints a paradoxical picture as key members leading Britain's efforts to cut ties with the European Union resigned on Monday. Exits by top diplomats like Brexit Secretary David Davis and British Foreign Secretary Boris Johnson made headlines, putting British Prime Minister Theresa May's leadership in question with key political figureheads like Jeremy Corbyn responding with indignation. David Davis resigning at such a crucial time shows @Theresa_May has no authority left and is incapable of delivering Brexit.
This Week On the Economic Calendar, CPI and PPI Not much on the economic calendar this week of consequence, except for the Producer Price Index (PPI) and the Consumer Price Index (CPI). The former will be released on Wednesday, with consensus at 2.71%. Last month came it at 3.1% annual inflation. As for the CPI, […] The post Market Morning: CPI on Tap, Mayday In London, German Tariff Deal, Bond Bear Growls appeared first on Market Exclusive.
Do the Eurozone’s Key Economic Indicators Signal More Pain Ahead? According to a report provided by the Office for National Statistics, the United Kingdom’s inflation index remained unchanged in May compared to April. It rose 0.4% in May compared to the same percentage rise in April.
The key Eurozone economic indicators released in the past week were as follows: German (EWG) ZEW Economic Sentiment Index UK (EWU) inflation Eurozone consumer confidence Eurozone ZEW Economic Sentiment Index German Ifo Business Climate Index Eurozone (VGK) inflation
As a result of Brexit, the U.K. economy is now 2.1% smaller as of the first quarter of 2018 than it would have been if it stayed in the EU two years ago, according to the report. The major drag on U.K. growth has been a big drop off in tax revenues, slashing them by 23 billion pounds per year.
The British pound (FXB) depreciated 0.95% against the US dollar (UUP) for the week ending June 15 and closed at 1.33. The pound took a backseat as the US and European central bank policy meetings dominated the forex space last week. British equity markets (BWX) posted the fourth consecutive weekly loss in the last 12 weeks, which reflected the global risk-off sentiment.
After declining for two weeks, the United Kingdom’s FTSE 100 Index started this week on a stronger note by rising on Monday. However, the FTSE 100 Index pulled back on Tuesday amid the dented market sentiment. On Wednesday, the FTSE 100 Index opened higher and traded with strength above opening prices in the morning session.
Amazon (AMZN) and Alphabet’s (GOOGL) Google have been competing head to head in the smart speaker market with their Alexa-powered Echo and Assistant-powered Google Home devices, launched in 2014 and 2016, respectively. In February, Apple (AAPL) entered the home speaker market in the United States (SPY), the United Kingdom (EWU), and Australia. Can Apple compete with its rivals on pricing?
The British pound (FXB) rose 0.29% against the US dollar (UUP) for the week that ended on June 1, closing at 1.34. The weaker-than-expected data from the United States in the middle of the week furthered the recovery in the British pound. British equity markets (BWX) posted their second weekly loss in ten weeks, reflecting the weak equity market sentiment in Europe, but gains in the later part of the week helped limit the slide.
Earlier, we discussed how Plexxi’s acquisition will benefit Hewlett Packard Enterprise (HPE) in the hybrid cloud, HCI (hyperconverged infrastructure), and HCN (hyperconverged network) spaces, which should also help the company ace its composable infrastructure strategy. HPE left the competitive and consolidated cloud space by abandoning its HPE Helion cloud service in 2016.
Twitter (TWTR) has been making efforts to thwart abusive content, cyber-crime, and trolling, which are affecting the user growth on its platform. Twitter has also suspended fake and suspicious accounts for violating its anti-spam rules. The social media giant has recently planned to add new labels to the accounts of political candidates as an initiative to curb fraudsters from creating false accounts ahead of the upcoming 2018 mid-term world elections.
The FTSE 100 Index started this week on a stable note and declined sharply on Tuesday to three-week low price levels amid the dented market sentiment. However, the FTSE 100 Index started to recover and closed higher on Wednesday. Carrying forward the strength, the FTSE 100 Index opened higher on May 31. The index was consolidating above opening prices in the morning session.
Are the Eurozone’s Key Economic Indicators Signaling a Change? According to a report provided by the Office for National Statistics, the United Kingdom’s inflation index rose 0.4% on a monthly basis in April as compared to a 0.1% rise in March 2018. It didn’t meet the market expectation of a 2.5% rise.
After a brief pullback last week, the United Kingdom’s FTSE 100 Index started this holiday-shortened week on a weaker note by declining on Tuesday. The FTSE 100 Index opened slightly lower on May 30. The index was consolidating at three-week low price levels in the morning session.
The British pound (FXB) depreciated against the US dollar (UUP) for the fifth week in the last six weeks as Brexit-related developments and a strengthening US dollar drove it lower. A series of weak economic data coupled with a dovish Bank of England (or BOE) have been causing the pound to slide compared to the US dollar. The economic data reported last week indicated that inflation had grown more slowly than expected, decreasing the possibility of a rate hike from the BOE.
The United Kingdom’s FTSE 100 Index pulled back last week and broke the eight-week gaining streak. The United Kingdom’s market was closed on Monday for the spring bank holiday. The FTSE 100 Index opened lower on May 29 and was trading at three-week low price levels in the morning session.
The United Kingdom’s FTSE 100 Index started this week on a stronger note and closed at record high price levels in the first two trading days of the week. Amid the weak market sentiment, the FTSE 100 Index declined as the week progressed. On Friday, the FTSE 100 Index opened higher and was trading with mixed sentiment in the morning session.
After starting this week on a stronger note and surging higher in the first two trading days, the United Kingdom’s FTSE 100 Index pulled back on Wednesday amid the dented market sentiment. The FTSE 100 Index opened slightly higher on Thursday. The index was trading with mixed sentiment in the morning session on Thursday.