When India unveiled its annual budget on July 6, it immediately caused a sharp drop in the rupee, as well as a 5.8% decline in the benchmark BSE Sensex stock index that had soared 55% so far this year.
Earnings Announcements: Novellus (NVLS)
Tuesday
Economic Reports: Core PPI, PPI, Retail Sales
Will this be the month that we finally see inflation take hold? If expectations come true, it very well could be. PPI is anticipated to show an increase of nearly 1%. Core PPI (which excludes food and energy costs) is expected to show an increase of 0.10%. Retail Sales are expected to post a surprising increase. Most reports I have seen show that retailers are still struggling. I don’t expect this report to beat expectations.
Earnings Announcements: Goldman Sachs (GS), Johnson and Johnson (JNJ), Yum Brands (YUM)
Every once in a while, we stumble upon a chart or table that says it all…
It is high time for our political leaders to make some key decisions. And that translates into large uncertainties for investors that have held the market in a range and with low volume. We do not know whether “Cap and Trade” legislation will pass the Senate and we do not know whether and any healthcare bill will pass through Congress, or what that bill might entail. And these two issues are paramount for the future of America.
Back in January, I advised you to dump everyone’s sweetheart dividend stock, General Electric (NYSE: GE) in favor of TEPPCO Partners (NYSE: TPP). Many balked at the idea. But the results don’t lie…
Last week was a very important one. The U.S. Treasury placed a record level of debt, the Federal Reserve announced it would not expand its monetary easing, and we got many top players opining about the economy. In addition, we are facing the uncertainties about ‘Cap and Trade’ legislation and the healthcare reform.
Just as the United States is boosting its reliance on wind power, a new academic study set for release in August says that U.S. wind forces may be getting weaker.
Microsoft’s Bing Off to Strong Start; U.S. Natural Gas Reserves Higher Than Once Thought; Carnival Cruise Lines Beats the Street; Treasuries Fall Again; GE Capital May Come Under Fed Scrutiny; Mexico’s Tourism Plummets on Swine Flu Scare; Discover Profits Down
Many commentators have picked the East Asian economies of China, Korea and Taiwan to emerge the most vigorously from the ongoing global financial crisis.
Consumer Prices Increase Less Than Expected; Ten Banks Repay TARP Debt; Bankrupt Eddie Bauer Attempts Sale; Berkshire Hathaway Options Begin Trading; FedEx Losses Mount; Saab Cuts Debt; Gas Prices Keep Going, Going, Up; Boeing Gets First Air Show Order; China Will Invest Sovereign Wealth in Hedge Funds; Analyst: S&P 500 Will Hit New Highs By 2012; Bond Yields Drop; Mortgage Apps Plunge
