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#PreMarket Primer: Friday, July 11: European Banks May Not Be Out Of The Woods Yet
Friday, July 11, 2014 - 7:28am | 1236Worries over Portuguese Lender Banco Espirito Santo dragged markets down on Thursday after the bank delayed payments on some of its short-term debt securities. The news took Portugal’s stock market down 4.2 percent and dragged the rest of the world’s markets down with it. Asian...
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#PreMarket Primer: Thursday, July 10: Fed Sets A Date For The End Of Easy Money
Thursday, July 10, 2014 - 7:13am | 1170Minutes from the Federal Reserve’s June policy meeting showed that the bank has set a firm date for the end of its asset buying program for the first time. Fed officials decided to continue on the current path by decreasing the bank’s bond buying by $10 billion per month until...
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#PreMarket Primer: Wednesday, July 9: Chinese CPI Cools In June
Wednesday, July 9, 2014 - 7:16am | 1037Consumer price index data from China came in slightly below expectations at 2.3 percent. The figure gave the People’s Bank of China more room to ease further if necessary and confirmed that the region’s domestic demand has been muted. The nation’s economic data has been...
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#PreMarket Primer: Tuesday, July 8: Putin Silent Despite Separatist Pleas For Help
Tuesday, July 8, 2014 - 7:17am | 920With around seven thousand troops at the ready on Ukraine’s border, many are wondering why Russian President Vladimir Putin has been ignoring pro-Moscow separatists’ pleas for help. Ukrainian forces launched a renewed offensive over the weekend following a week long ceasefire and...
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#PreMarket Primer: Thursday, July 3: Much To Consider Despite The Short Day
Thursday, July 3, 2014 - 7:15am | 987Although US markets close at 1:00 p.m. ET on Thursday for the Independence Day holiday, the short day will be jam packed with market moving economic data. Most notably will be US non-farm payrolls data which is expected to show a fifth straight week of gains above 200,000. Most analysts...
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#PreMarket Primer: Wednesday, July 2: Hopes For A United Iraq Fade
Wednesday, July 2, 2014 - 7:14am | 1070On Tuesday, the Iraqi government held its first session with its new parliament including representation from Sunnis and Kurds. However, both groups walked out of the meeting after the Shi’ite government did not announce Prime Minister Nouri al-Maliki’s replacement. Meanwhile,...
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#PreMarket Primer: Tuesday, July 1: Poroshenko To End The Ceasefire In Ukraine
Tuesday, July 1, 2014 - 6:59am | 1011Despite growing pressure from the West and at home to extend the one week ceasefire, Ukrainian President Petro Poroshenko said on Tuesday that he is planning to continue the government’s battle against pro-Moscow separatists with a renewed offensive. Poroshenko has said he would be open...
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#PreMarket Primer: Monday, June 30: U.S. Data To Confirm Second Quarter Recovery
Monday, June 30, 2014 - 6:50am | 1120This week, economic data is expected to confirm once and for all that the US economy is back on solid ground after a shaky first quarter. After first quarter GDP was revised down last week to show the nation’s largest decline in five years, investors are looking forward to a spate of data...
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#PreMarket Primer: Friday, June 27: U.S. Data Fuels Fed Rate Hike Debate
Friday, June 27, 2014 - 7:07am | 1237This week was a rollercoaster for US economic data as investors tried to determine how the new figures would play into the Fed’s timing for an interest rate hike. Earlier in the week, the US’ first quarter GDP was revised down to reveal a shocking 2.9 percent contraction. The figure...
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#PreMarket Primer: Thursday, June 26: Doubts Raised About US Recovery
Thursday, June 26, 2014 - 7:10am | 1191After data out on Wednesday showed that the US economy contracted 2.9 percent in the first quarter, many began to question whether or not the nation was actually heading back on to solid ground as previously believed. The figure marks the US' sharpest decline since the recession and has...
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#PreMarket Primer: Wednesday, June 25: US To Begin Exporting Oil After Almost 40 Years
Wednesday, June 25, 2014 - 7:24am | 1176The US Commerce Department took the first step to do away with a near forty year old ban on selling unrefined US oil abroad when it approved requests from both Pioneer Natural Resources Co. and Enterprise Products Partners LP to begin selling condensate oil to foreigners. Permission has only...
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#PreMarket Primer: Tuesday, June 24: Pressure On Maliki To Step Down Intensifies
Tuesday, June 24, 2014 - 7:12am | 1162US Secretary of State John Kerry traveled to Baghdad on Monday to pledge the US' “intense” and “sustained” support in Iraq's ongoing crisis. However, the promise of support came with one condition; that the Iraqi government take the necessary steps to reunite the...
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#PreMarket Primer: Monday, June 23: BNP Expected To Pay $9 Billion For Sanctions Violations
Monday, June 23, 2014 - 7:27am | 1139US prosecutors and BNP Paribas SA are likely to reach an agreement which will force the bank to pay between $8 and $9 billion in penalties for violating US sanctions. The Wall Street Journal reported that the two sides have agreed to broad terms which include the bank's admission of guilt...
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#PreMarket Primer: Friday, June 20: Obama Administration Focuses On Underlying Causes In Iraq
Friday, June 20, 2014 - 7:19am | 1187The crisis in Iraq continued to escalate this week, with militants from the Islamic State of Iraq and al-Sham, or ISIS, surrounding the nation's largest oilfield and threatening to completely dismember the country. Amid calls from the Iraqi government for a US airstrike, the Obama...
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#PreMarket Primer: Thursday, June 19: US Stocks Soar As Fed Recommits To Accommodative Policy
Thursday, June 19, 2014 - 7:25am | 1272US stocks rose to new highs on Wednesday after the US Federal Reserve recommitted to an accommodative monetary policy and raised its outlook for the nation's economy. Following a two day policy meeting, Fed Chair Janet Yellen announced that the bank saw short-term interest rates improving...