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Submitted by Mac Slavo via SHTFPlan.com, It turns out that Donald Trump’s proposed border wall is not such a bad idea after all. Though Mexico’s current and former Presidents have both lambasted Trump for implying that a wall would curb immigration, it turns out that Mexicans like the idea. There is one small caveat, however. […]Read More

With Apple earnings due after the bell, investors are concerned: will the company disappoint again as a result of China weakness, and report another weak quarter, or will it justify the rebound that its stock is pricing in? According to JPM, it may be time to moderate expectations. In a report released overnight, JPM analyst […]

Despite an excited bounce in US Manufacturing PMI’s preliminary print (and ISM Services last month), Markit reports a disappointing drop in US Services to a 5-month low. New business slowed but that did not deter hope as business confidence rebounded (albeit from record lows). However, as Markit notes, “The U.S. service sector remained stuck in […]

Aginst expectations of a -5 print, July’s Richmond Fed printed +10 (up from a revised lower -10 in June). This is the 2nd biggest MoM spike since 1998 (the biggest being March’s insane spike). This beat is a 7 standard deviation beat over expectations among the 9 economists tracking it with none of them forecasting […]

Following last month’s surprising drop in new home sales, which tumbled the most in 8 months alongside sharp downward revisions to the historical data, coupled with a plunge in the median price many expressed concern that the housing recovery was finally saturated, at least when it comes to new housing even as demand for existing […]

Janet, you have a problem… If soaring home prices and record high stocks won’t spike consumer confidence, what will? While the ‘Present Situation’ index rose modestly to 118.3 (from 116.6), the ‘Expectations’ index dropped to 83.3 from 84.6 (inching the overall Conference Board Consumer Confidence index lower to 97.3). Jobs plentiful dropped, income growth expectations […]Read More

Shortly after the latest terror attack on French soil by two ISIS “soldiers”, President Francois Hollande, who was roundly disparaged 12 days ago for the country’s lack of preparedness to the Nice truck terror attack which killed 84, vowed to wage war against the Islamic State “by every means“. “We are confronted with a group, […]Read More

While USDJPY notched down and Oil had been slipping, stocks suddenly lurched lower, gapping to yesterday’s lows on heavy volume. As one veteran trader exclaimed “what the f**k was that?” as no obvious catalyst sprung up, unless of course this morning’s series of economic “beats” was sufficiently good to be bad for stocks and raise […]Read More

President Muhammadu Buhari on Tuesday commissioned the Abuja – Kaduna railway track started and almost completed by the administration of former President Goodluck Jonathan, and flagged off the Abuja-Kaduna train services, in what is Nigeria’s first ever standard gauge rail track to go into operation. “This project was conceived by a previous administration, started by the […]Read More

Fidson Healthcare Plc released its 2016 H1 results for the period ended June 30 2016 ; See below Fidson Healthcare Plc H1 2016 Results Fidson Healthcare Plc 2016 H1 2015 H1 %age Change N’m N’m Revenue       2,610,696       4,034,330 -35% Pre-tax profits            58,209          476,774 -88% Profit after tax            39,582          324,206 -88% […]Read More

The Central Bank of Nigeria (CBN) Governor Godwin Emefiele has announced an increase of the benchmark monetary policy rate from 12% to 14% the highest level since the CBN introduced the rate in December 2006. Nairametrics Publisher, Ugodre had on CNBN Africa earlier Tuesday forecasted a 100-200 basis point increase (1-2%) as he opined that […]

Nigerian stocks closed trading on a positive note as the all share index rose 1.14%. Market capitalization at the close of trading was N9,597,701,516,458.25. Highlights of today’s trading session. NSE All Share Index was 27,945.02 up 1.14%. Market capitalization closed at N9.6 trillion compared to yesterday’s market capitalization of 9.49 trillion. Volume of shares traded was 286,716,229.00 […]Read More