America

USD/CAD prepares to attack weekly S1

FOMC statement used to have little impact on behaviour of the USD/CAD currency pair, which fixed a minimal four-pip decrease in daily value over Wednesday. The short-term outlook remains tilted to the South, provided there is a dense supply cluster located between 1.2722 and 1.28. Here the monthly S1 is backed by the weekly pivot point and downward-sloping 20-day SMA. Dips lower are expected to be shallow, as the first weekly support line is going to meet USD/CAD as soon as at the 1.2509 mark. As for the daily technical indicators, they are still having no distinct bias in any direction, as three "buy" studies are balanced by the same amount of "sell" signals.

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iPhone sales down for the first time in history

For the first time in Apple’s history it stops with iPhone sales. The American company has closed the second quarter of the fiscal year with a net profit down 22% to $ 10.5 billion, or $ 1.90 per share, below analysts’ expectations, betting on $ 2 per share. Revenues were down 13% to 50.6 billion dollars. The results below expectations weighed in after hours trading, where the title came to lose 8%.

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P&G reports net- profit better than expected

Procter & Gamble revises downwards its estimates for the full year 2016 after closing a quarter of mixed results, with declining sales and profits rise. The US giant of products for personal care reported in the fiscal third quarter 2016 revenue amounted to $ 15.8 billion, down 7% compared to the same period of 2015, due to the strong dollar. Net profit however rose to 2.75 billion dollars, or 97 cents a share, from 2.15 billion, equal to 75 cents per share, a year earlier. Analysts had expected revenues of 15.81 billion dollars and earnings per share of 82 cents.

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Oil, Brexit and terrorism undermine global confidence

Fragility financial markets, oil prices’ volatility, terrorism, Brexit and race for the White House. These are concerns that in the first three months of the year have resulted in a general decline in optimism from businesses about the economic outlook for the next 12 months. They are the most interesting figures of the last Ibr (International Business Report) Grant Thornton that the expectations of revenues, exports and R & D investment remains very low.

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Goldman Sachs changes strategy: welcome accounts from $ 1

After 150 years Goldman Sachs opens its doors to depositors. As reported by the Financial Times, the institution has decided to change strategy, according to even the demands of regulators to diversify funding sources.

Goldman last week launched the GSBank.com online platform, inherited along with a block of 16 billion deposits from the acquisition of GE Capital, and to open an account will be sufficient even a single dollar. "The Goldman’s decision to apply to the mass market comes at a time when the bank is under pressure to find new forms of financing," explains the newspaper City. "The results of the first quarter of the major US banks have highlighted the difficulties faced by their investment divisions ahead of volatile markets and stricter regulations."

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Gannett Group offers $ 815 million for LA Times and Chicago Tribune

Gannett Co., USA Today’s publisher and another hundred warheads, made an offer of 815 million dollars (about 724 million euro at current exchange rates) to acquire 100% of Tribune Publishing Company, which he published the Los Angeles Times and the Chicago Tribune, along with nine other newspapers. Both companies are listed and, as a buyer’s specific note, the offer is worth $ 12.25 per share Tribune. The total value also includes 390 million in debt.

"The offer to $ 12.25 also represents a substantial premium over the price of $ 8.5 which Tribune recently issued shares and warrants to shareholders a cash value certain and immediate," said Gannett.

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Daimler: internal audit on diesel emissions

Daimler conducts an internal investigation on the certification process on diesel emissions in the United States at the request of the US Justice Department.
The response of the Frankfurt Stock Exchange has been a sharp drop in the morning saw the title go down over 6%, just 6.6%.
The German group said it will give full cooperation to the authorities and will investigate any possible indications of irregularities.

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Uber: agreement with drivers to avoid trial costs 100 million dollars

Uber, the controversial giant app that offers paid passages, ended the dispute with 385mila drivers in the United States had launched two class action lawsuits demanding to be recognized as "employees" of the company. With the agreement, the company acknowledges the payment of $ 100 million (the first tranche of 84 million), avoiding to go through the "mass recruitment" and then the drivers "will be freelance and not the employees" . In this way, the San Francisco company closed the cases initiated by the American drivers.

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