41 Quotes by Angus Campbell
- Author Angus Campbell
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With higher gasoline prices putting a dent in consumer spending and underlying inflation looking to be contained, further interest rate hikes seem unnecessary.
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- Author Angus Campbell
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With gasoline prices declining here and across the pond during the month of October, any downside to this (PPI) figure will be hugely welcome for the market and equities could push higher.
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Even though there have been a few fund managers cutting their exposure to U.S. equities, the earnings season has proved almost as good as Q3 last year and subdued oil prices could help lift confidence levels. Just over 65 percent of companies in the S&P 500 that have reported have met or exceeded forecasts.
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Even though the market has fully priced in today's expected 25 basis point rise, investors will be listening out for any hints about the future path of their tightening policy,
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Even though oil futures are flat this morning and have remained around (the) $63 to $64 a barrel level, concerns remain over the prospect of the combination of higher inflation and borrowing costs.
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Earnings are very much the focus of trading as we continue this week, the busiest of the season. Investors want to see that US corporations are still providing returns for shareholders in the face of rising commodity prices.
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- Author Angus Campbell
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It would seem that the up and coming earnings season may not be the centre of attention as concerns over the price of oil hitting record levels is dominating trading sessions at the moment.
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It would seem that bulls are finally starting to come to terms with the grim reality that equities are not so attractive after all at the moment.
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The story of the morning is GM. Their stock is trading a lot lower in Europe, indicating that they will decline by about a dollar when they open up and that has affected the futures. This news could eradicate any good coming out of the corporations reporting today.
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