Although the overseas indices closed with growth, European bidders view it as a short-term effect. Persisting problems in the U.S. residential property market may provoke a fresh turn of recession, which even the U.S. government can hardly cope with.
The professor of economics at New York University’s Stern School of Business Nouriel Roubini believes that in the third quarter U.S. GDP growth won’t exceed 1%. The economist evaluates the chances of a repeated recession at 40%. One can hardly question Roubini’s estimates, but how could they help to make money with such forecasts?
On Wednesday August 25 U.S. stock market will get a significant amount of information to ponder on. In addition to secondary data on mortgages, the market is going to look forward to July data on durable goods orders.
The world’s largest mining company BHP Billiton has published data on double-plus growth of annual profit, which may contribute to the process of a hostile takeover of the Potash Corp. of Saskatchewan.
U.S. asset sales resumed today due to fresh information from the housing market. According to the National Association of Realtors, U.S. home sales in the secondary market collapsed by 27% with the forecast decline of 12%.
Burger King, operator of fast food restaurant chain, reported a decrease in net profit for the fourth fiscal quarter to end June 30 from $ 58.9 million, or 44 cents per share, previous year to $ 49 million, or 36 cents per share. Coompany’s revenue for the period decreased by 1% to $ 623 million.
Big Lots, Inc. (NYSE: BIG) shares will rise today, analysts say. A bullish trend will start advancing in the second half of trading under the condition of mixed market dynamics.
Manufacturer of medical equipment Medtronic recorded for the first quarter to end June 30 an increase in net profits from $ 445 million, or 40 cents per share, previous year, to $ 830 million, or 76 cents per share.
The Dow Jones Industrial Average is having hard times. The American stock market hasn’t witnessed a bullish trend for a long time. Clouds are gradually gathering over the stock markets. Today’s trading is expected to be volatile once again.
Aviva plc (LON: AV) shares went up to 385.70 points, ater a collapse by -5.50 (-1.41%) at the beginning of British trading. BP plc (LON: BP) continued its decline to 380.15 points, losing -10.45 (-2.68%).
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