Uncategorized – Page 120 – Icarus Signals. The home of economic insight

Amid Economic Carnage, Homebuilders Rocket Higher

Posted on August 27, 2020 by icarussignals | 1 Comment

When we look to the US, and around the world, an unexpected economic development is unfolding. In the US, Homebuilders as measured by the Dow Jones US Select Home Construction Index (DJSHMB) are a long way from their bottom in…

Kerry Express Prepares IPO for up to 300m Shares

Posted on August 27, 2020 by TeamIcarus | 0 Comments

Kerry Express Thailand, the country’s leading parcel delivery provider, has submitted an initial public offering filing to the Securities and Exchange Commission in preparation to offer up to 300 million IPO shares to the public.

Salesforce’s 30% Stock Rally This Week is a Possible ‘Nightmare’ Scenario for the Dow Committee

Posted on August 27, 2020 by TeamIcarus | 0 Comments

As part of a shake-up in the stocks comprising the Dow Jones Industrial Average announced earlier this week, Salesforce.com Inc. was among a trio of companies included in the venerable benchmark, but now its stock is soaring.

Gold Falls Again but Eases Losses After Hours on Fed Hopes

Posted on August 26, 2020 by TeamIcarus | 0 Comments

Investing.com - Gold prices fell for fourth time in five days before paring losses in Tuesday’s after-hours trade as the dollar gave back some strength on expectations of a dovish speech due over the next 48 hours from Federal Reserve…

U.S., China Reaffirm Commitment to Phase 1 Trade Deal in Phone Call

Posted on August 26, 2020 by TeamIcarus | 0 Comments

WASHINGTON/BEIJING (Reuters) - Top U.S. and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday.

Don’t Cry for 3 Dow Jones Leavers; Stocks Tend to Hold Up

Posted on August 26, 2020 by TeamIcarus | 0 Comments

Exxon Mobil (XOM, -2.9%), Raytheon (RTX, -3.1%) and Pfizer (PFE, -1.6%) are all struggling today as the stocks were shown the door from the Dow Jones Industrial Average.

AAPLocalypse Now? Nasdaq & S&P Hit Record Highs, Bonds & Bullion Slide

Posted on August 25, 2020 by TeamIcarus | 0 Comments

As the anticipated splits of AAPL and TSLA loom, both stocks hit new record highs today (before dumping and pumping.,, and dumping)...

Shell’s Gargantuan White Elephant Remains Shut Down

Posted on August 25, 2020 by icarussignals | 0 Comments

Shell's massive floating LNG factory off the Kimberley coast has been in shutdown since February and industry analysts are divided on whether the $12-17 billion facility has a future Many businesses, and business leaders experience challenges in the normal course…

Singapore’s Core Inflation Gauge Hits Lowest in Over a Decade

Posted on August 25, 2020 by TeamIcarus | 0 Comments

SINGAPORE (Reuters) - Singapore's core inflation gauge fell to its lowest level in more than a decade in July, official data showed on Monday, amid soft consumer spending due to the coronavirus pandemic and a steep fall in electricity prices.

Meaning Mexico

Posted on August 25, 2020 by TeamIcarus | 0 Comments

It took some doing, and some time, but Mexico has managed to bring its car production back up to more normal levels. For two months, there had been practically zero automaking in one of the biggest auto-producing nations. Getting back…