All eyes are on Fed’s next move and whether there is further QE3. Already as it stands, the interest rates are low till 2013 and reported profits for most listed companies are racking in above and inline with analysts’ estimates. Looking closer into the macroeconomics trends (depicted below), the slowdown is still persistent but personally it does not truly warrant…
Tag: US Economy
Dow Jones Industrial & Nasdaq index hit brakes in light of poor US Jobs statistics – More correction to come | Technical Analysis | US Stock Markets
On Fri (4th May), the US Bureau of Labor Statistics showed that the U.S. economy created just 115,000 jobs in April as hiring slacked off for a second straight month. Job growth in the last two months has been cut almost in half compared to the winter months of December through February, suggesting businesses may have turned cautious again The…
Better than expected US economic data has restored some confidence in sidelined traders | Fundamental Analysis | US Stock Market
US economy has finally shown hope of a recovery, if not definitely signs of bottoming. On Friday, US Stocks took off after the Labor Department reported the addition of 243,000 jobs in January, the largest jump in nine months. The unemployment rate fell to 8.3%, the lowest since February 2009. a) Manufacturing Jobs – Largest growth since Jan 2010. b) Service…