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Benzinga Market Primer: Thursday, July 18: Key Tech Earnings Today!
Thursday, July 18, 2013 - 6:45am | 1276Futures Little Changed Ahead of Bernanke, Key Tech Earnings U.S. equity futures nearly unchanged ahead of some key earnings Thursday as well the second day of Congressional testimony from Federal Reserve Chairman Ben Bernanke. Earnings from Verizon (NYSE: VZ), Google (NASDAQ: GOOG), and...
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Market Wrap for Wednesday, July 17: Stocks Rise as Bernanke Emphasizes Flexibility of Stimulus Program
Wednesday, July 17, 2013 - 4:23pm | 1020Comments made by Fed Chairman Ben Bernanke on Wednesday in congressional testimony helped keep the stock market afloat during the day's trading session. The Fed Chief emphasized that the central bank will adjust its bond-buying program based on the performance of the economy and emphasized the...
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Bernanke Reiterates Late 2013 Tapering, Notes Can Increase Purchases If Economy Misses Forecasts
Wednesday, July 17, 2013 - 10:56am | 646Federal Reserve Chairman Ben Bernanke's speech to the House Financial Services Committee was published an hour and a half before the speech. In the text of the upcoming speech, Bernanke once again reiterated that tapering would likely start this year if the economy moves in line with the Fed's...
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Investors Cautious Ahead of Bernanke Testimony
Wednesday, July 17, 2013 - 7:46am | 304As investors waited for US Federal Reserve Chairman Ben Bernanke's testimony before congress, Brent crude oil fell slightly as most were reluctant to buy without clarification from Bernanke about the Fed's future plans. The dollar has been on a roller coaster ride since Bernanke announced that...
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Falling Exports a Bad Sign For Eurozone GDP
Wednesday, July 17, 2013 - 7:44am | 297The euro traded steadily at $1.31 on Wednesday morning as investors awaited US Federal Reserve Chairman Ben Bernanke's testimony before congress. Last week, Bernanke's remarks that the Fed was planning to continue its $85 billion per month stimulus plan into 2014 sent the dollar tumbling. Now,...
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Benzinga Market Primer: Wednesday, July 17: Bernanke Is Back
Wednesday, July 17, 2013 - 6:30am | 1344Futures Lower Ahead of Bernanke Testimony In Congress U.S. equity futures fell in early pre-market trade following some mixed earnings yesterday ahead of Ben Bernanke's first of two days of testimony on Capitol Hill. Wednesday, he will speak to the House Financial Services Committee. For a full...
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WSJ's Hilsenrath Says Economic Riddles Could Reshape Fed's Bond-Buying Exit
Tuesday, July 16, 2013 - 3:33pm | 553Jon Hilsenrath of The Wall Street Journal published an article highlighting that the Fed's much feared tapering may be put off due to lower inflation, weak labor market dynamics, and potential "fiscal chaos." In specific, he asks four questions that he expects Bernanke to address in his testimony...
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The Beard Is Back This Week For Double The Fun
Tuesday, July 16, 2013 - 12:53pm | 642Federal Reserve Chairman Ben Bernanke is set to speak in each of the next two days in his semi-annual Congressional testimony. He will spend Wednesday speaking in front of the House Financial Services Committee while Thursday he will testify in front of the Senate Banking Committee, with both...
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Citigroup's Nathan Sheets Makes Sense Of Bernanke's Moves
Tuesday, July 16, 2013 - 10:02am | 344Nathan Sheets, Global Head of International Economics at Citigroup (NYSE: C), thinks that after this week's round of testimony, Ben Bernanke will retire as chairman of the Federal Reserve. He discussed this view on Tuesday morning as a guest on CNBC's Squawk Box. "It's been eight, long,...
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Fresh Political Drama in Spain Could Affect Investor Confidence
Tuesday, July 16, 2013 - 7:39am | 319The euro climbed towards $1.31 on Tuesday morning as markets awaited Federal Reserve Chairman Ben Bernanke's testimony before congress about the central bank's views on the American economy. Following soft retail sales data, some are expecting Bernanke to reiterate last week's message that the...
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Brent Climbs As Markets Wait for Falling US Inventories' Confirmation
Tuesday, July 16, 2013 - 7:38am | 284Brent crude oil traded steadily on Tuesday morning as expectations of a drop in US crude inventories kept markets positive as investors hoped for increasing demand growth in the number one oil consuming nation. The commodity traded at $108.80 at 5:53 GMT on Tuesday morning. If the inventory...
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Weak Retail Sales Report Puts Tapering On Hold
Monday, July 15, 2013 - 1:10pm | 474On Monday, the Census Bureau announced that retail sales in the U.S. rose at a slower pace than expected in June. The move has prompted some to revise down second quarter growth estimates and decreases the likelihood that the Fed will taper purchases in September. Weak Report For the month of June...
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Weekly Preview: Earnings Back With A Bang
Friday, July 12, 2013 - 4:47pm | 2060Earnings season kicks into full swing next week with many companies expected to report. Also, some key economic data and another two speeches from Fed Chairman Ben Bernanke will be closely watched. Key Earnings In the coming weak, earnings from key banks Citigroup (NYSE: C) and Goldman Sachs (NYSE...
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Gasoline Prices Headed Higher as Investors Turn to Oil
Friday, July 12, 2013 - 8:51am | 569Consumers are going to see a spike in the cost of unleaded gasoline at the pump in August according to CNNMoney. One of the prime drivers of the increase, according to Gasbuddy.com analyst Tom Kloza, is an increase in the price of oil and gasoline futures in July. Continued fear over turmoil in...
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Brent Settles Lower As Supply Worries Ease
Friday, July 12, 2013 - 7:18am | 282Brent crude oil settled a bit lower on Friday morning as investors took profits after the commodity jumped on falling US reserves. Brent traded at $1077.69 on Friday morning, poised to end the week on a high despite falling slightly. Crude prices soared this week after US Federal Reserve Chairman...