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    Economic and company news by ForexMart

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    Economic and company news by ForexMart

    Post  AppleFXMart on Mon Oct 10, 2016 3:56 am

    High NFP Report Impacts Fed Rate Hike
    Federal Reserve is pressured for rate hike because of continuous advances of employment growth in US. The needed job by economy is less than 100,000 to match the population growth. However, the Non-Farm Payrolls (NFP) soared to 175,000 in August. It is expected for a the hourly wages to increase by 2.6% in September which is the same as last year. Another rate hike is presumed not to happen since the election is just a month away and this will be the last employment report before November policy meeting of Fed.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Mon Oct 10, 2016 4:11 am

    October 10, 2016

    Samsung Temporarily Discontinues Note 7 Production Due to More Reports of Exploding Batteries

    Tech firm Samsung Electronics Co. has allegedly decided to temporarily halt its production of its infamous Galaxy Note 7 smartphone after more reports of exploding batteries, this time with the replacement phones previously provided by the firm to Note 7 owners. This has caused an additional negative impact to the company’s overall status and has hindered the firm’s struggle to recover from the initial reports of exploding smartphones. This move has caused Samsung shares to drop by 4.6%, its second drop following the firm’s defective smartphone issue.


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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Mon Oct 10, 2016 4:22 am

    October 10, 2016

    Financial Market Sides with Clinton After Debate

    The U.S Stock Market sees Democrat Hilary Clinton to have an upper hand against her opponent Republican Donald Trump. The U.S. stocks ascended shortly after the first 90-minute presidential debate. On the other hand, Trump focusing on U.S. trade deal between Mexico and Canada and vowed to create a border influenced the Mexican peso to increased by 2% this weekend up to 1.3% gainst USD. In S&P 500 increased by 6 points just three hours before the debate and gained 5.25 points or 0.24% after.
    The debate was concluded as a draw while Financial advisors ponder Clinton to win considered as an investment premise for 2017.


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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Mon Oct 10, 2016 4:32 am

    October 10, 2016

    Rules of the World Trade Organization would cause higher amounts of shop prices, according to the BRC.

    The BRC gives notice to the trade secretary upon employing the principle of the WTO because this would cause an additional 12% for the Bangladesh clothes while 27% increased over meat products and Chilean wine also had an upsurge of 14%. Included also on the goods that would possibly make an additional cost is the NZ lamb. But it is expected that the general value of the commodities would rise and shoppers would likely to strive upon the upswing of those merchandise.


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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Tue Oct 11, 2016 3:47 am

    October 11, 2016

    Due to Sudden Sales Drop, Ford Temporarily Shuts Down Mustang Factory in Michigan

    Ford Motor Co. will be temporarily shutting down its Michigan-based Mustang factory after the automotive firm suffered a 32% decrease in its sales. The firm was also outsold by the Chevrolet Camaro after two years which was also a factor in the said shut down. According to a company spokesperson, the firm’s plant in Michigan will resume its production in October 17 while the firm realigns the current demand with its production capacity. The plant has a total of 3,702 employees and is a manufacturer of both Lincoln Continentals and Mustangs.


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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Tue Oct 11, 2016 3:59 am

    Clerics left Wells Fargo behind due to the eruption of a scandal

    Religious investors including a group of nuns decided to leave the Wells Fargo & Co. and they are appealing for a shareholder resolution to bank reporting the fraud accounts of the company. These accounts are worth $190 million.
    The ministerial people who are involved in the company also complain the overall management and security because it is revealed that employees have the power to open private accounts even without the permission of the holder, just for the sake of reaching their quotas. St. Francis of Philadelphia filed a case against the bank considering that the financial institution promised for a better risk control for the banks based in San Francisco by which the investment firm did not comply with.


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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Tue Oct 11, 2016 4:10 am

    October 11, 2016

    Next in line: TPP Deal After the Approval of Extra Budget in Japan

    An extra budget of $32 billion yen has been approved by the parliament of Japan for this fiscal year. This supports the stimulus package of the Shizo Abe, the current Prime Minister of Japan. This is allocated for railroad improvement, recondition ports, to bolster natural disaster prone areas and augment wages for daycare workers. With this budget allocation settle, their next concern is the Trans-Pacific Partnership (TPP) pact that is targeted to be approved in the current session of the parliament scheduled to end on the 30th of November.


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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Wed Oct 12, 2016 3:43 am

    October 12, 2016
    Volkswagen Plans to Reduce Workforce Yearly
    Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for “software development and mobility services” to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Wed Oct 12, 2016 3:43 am

    October 12, 2016
    Volkswagen Plans to Reduce Workforce Yearly
    Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for “software development and mobility services” to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Wed Oct 12, 2016 3:52 am

    The pursuant of Hard-Brexit would cause the Britain to lose up to £66bn, the Treasury warns
    After the major news regarding the British exit that brought extreme damages in the overall economy of UK, the concept of hard-brexit rose by which experts discussed it as the withdrawal in the single market along with dropping its membership to EU customs union and it is believe that this is a harm-generating occurrence.
    As it was stated by the HM treasury, the region is expected to lose as much as £66bn, in case that type of Brexit option will be executed. In accordance to the statement from the elected officials, there would be a 9.5% decline to the country's GDP.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Thu Oct 13, 2016 4:26 am

    October 13, 2016
    Weak Trades in China Slows Down Economic Growth
    The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in China’s perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Thu Oct 13, 2016 4:26 am

    October 13, 2016
    Weak Trades in China Slows Down Economic Growth
    The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in China’s perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Mon Oct 24, 2016 3:09 am

    October 24, 2016

    UK PM Theresa May Resumes Meeting with UK Governments amid Brexit Breakup Concerns

    UK Prime Minister Theresa May is set to resume having regular meetings with UK governments after Scotland government officials expressed their concerns regarding May’s ability to actually strike a substantial deal in discussions on how to handle UK’s separation from the EU. Nicola Sturgeon, Scotland’s First Minister, is reportedly preparing for possibly another referendum if ever May clinches a Brexit agreement which would exclude the country from the EU singular marketplace for services and goods.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Mon Oct 24, 2016 3:52 am

    October 24, 2016
    Belgium given a deadline until Monday to resolve CETA trade deal with Canada
    The sovereign state of Belgium were given an ordain from the politico-economic union to work through the odds regarding the CETA deal before the coming Monday otherwise, the settlement will be canceled.
    The principal representative of the European council, Donald Tusk is scheduled to meet with the Belgian Prime Minister, Charles Michel. The huddle between the two leaders will determine whether or not PM Justin Trudeau will take its flight to Brussels for the signing of agreement.
    Once there was no affirmation for the free trade agreement, the EU-Canada reconciliation will be deferred. It would take a long time again before another signing arrangement will be set according to sources.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Mon Oct 24, 2016 4:07 am

    October 24, 2016 -
    EU Exporters Could End Up Paying Higher Tariffs to EU Than Vice Versa
    EU enterprise exporting goods would pay higher tariff to Uk compared to the other way around. Around £12.9 billion are to be paid by EU enterprises just on tariffs alone after UK leaving EU and should Britain come in terms with the World Trade Organization. In exchange, UK enterprise exporters has to pay around £5.2 billion for tariff in a year. This implies the significance for both parties to settle their post-Brexit trade deal. A study has been conducted showing 22 out of 27 EU members are found out to pay higher tariffs regarding exports to UK.
    Additionally, the act of Belgium to be against the Comprehensive Economic and Trade Agreement (Ceta) between EU and Canada which has been an issue recently. Nevertheless, a representative of the campaign, Chris Grayling, said that this would not be a hindrance to settle an agreement with the British trade deal with EU.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Tue Oct 25, 2016 4:13 am

    October 25, 2016
    Construction Spending in New York Has Hit a Record High
    Construction spending is booming this year as it has exceeded the target even before the increase in demand for new housing and office space. It is predicted that the it will reach up to $43.1 billion construction spending this year which has increased by 26% compared to 2015 driven by the private sector. New York City employment boomed since late 2009 including the private sector growth more which has expanded faster more than the usual average data.
    New York real estate is now receiving more attention as more investors globally look for investment returns which has both pros and cons. Consequently, the upswing in capital flow to New York City has diminished domestic returns.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Tue Oct 25, 2016 4:19 am

    October 25, 2016
    Better U.S stocks are to be expected under the Democrat
    Financial markets remain ambiguous amid the upcoming presidential elections, however, investors believe that stocks would probably thrive in case that 2016 Democrat Presidential Candidate, Hillary Clinton gain the victory.
    This inference was based on the latest study conducted by Brookings Institution, this will serve as a supporting document of the “stock market's preference for Clinton“
    An economist from the University of Michigan, Justin Wolfers and Eric Zitzewitz of Dartmouth College, an economist as well had tracked the markets overall attitude regarding the past events by which favors Clinton hence, this helped the Former Secretary of the State to heighten the probable chance of winning the position.
    They further studied that S&P 500 index is expected to make a 12% surge upon Clinton’s administration compared to its rival, Donald Trump. Additionally, the market is possible for a lower volatility rate of 15-30%. While the treasury yields will expand up to 25 basis points and finally, the oil barrel will have an additional 4% for trading.
    Most of the researchers had envisioned that Clinton’s triumph will largely make a breakthrough in the global market considering that the presidential result will be issued on November, the result can be felt on both local and international markets.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Tue Oct 25, 2016 4:28 am

    October 25, 2016

    Canadian Stocks Decrease in Value after Drop in Commodity Prices Affect Index

    The value of Canadian stocks finally dropped during Monday’s session after five days’ worth of rallying as a result of falling commodity prices which added more pressure to commodity-based companies. The S&P/TSX Composite Index for Canada decreased by 0.1% and is currently resting the at 14,923.01 level. The index increased last week by up to 2.4%, while profits from energy production and mining caused the index to surge by up to 15% for 2016, making this particular index the top performing equity market in the international platform, surpassing that of the UK and New Zealand.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Thu Oct 27, 2016 2:37 am

    October 27, 2016

    China Reassures Investors to Impede a Six-year Low

    Chinese Yuan is depreciating nearing a record low in six years. The government is finding ways to hinder the process and recover from this impending threat. However, the deputy Governor of People’s Bank of China (PBOC) said that there is no grounds for a relentless decline and they stopped it from happening.

    China is giving off signs that the currency is being carefully monitored and investors should be careful in their trading positions against the currency. Despite this information, this would have much of an impact considering past connotations to the problem since the driving force is the appreciation of dollar.

    The PBOC is saying if volatility arises, investors should not be agitated as they would definitely do something to stabilize the situation. China has already eased the local bonds and abandoned the necessity for inbound investment program quotas.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Thu Oct 27, 2016 2:49 am

    October 27, 2016

    Economy Update: UK falls below France and ranked fifth as the world's biggest economy


    As it was presented in the global economy table, the sterling pound experienced declivity. France ousted the economy of the United Kingdom and made it as the sixth-largest economy in the world.

    The World Bank were able to conclude the ranking due to the average value of the currency within a certain period, including currencies accompanied by the dollar. Countries that slip past the UK are US, China, Japan, Germany, and France in terms of US dollar. The final line up all boils down to the exchange rates considering that the pound is five times weaker versus the greenbacks because of the EU exit. The annual GDP of the Britain is roughly £1.8 trillion which makes it powerless compared to the greens and eventually cause the country to plunge down in the table.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Thu Oct 27, 2016 3:43 am

    October 27, 2016

    Singaporean Energy Corporations Face Added Pressure due to Energy Price Slump

    Lending firm Oversea-Chinese Banking Corporation said in a statement that a number of Singapore-based energy corporations are now facing increased pressure due to the recent drop in oil and gas prices, which means that these companies might face difficulties with regards to repaying debts. The CEO of the said lending firm also stated that the final quarter of 2016 might become particularly difficult for the energy sector, especially since oil and gas prices have yet to recovery from this particular price drop.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Fri Oct 28, 2016 3:20 am

    October 28, 2016
    Apple Releases New Macbooks in an Attempt to Recover Market Losses
    Apple Inc. has recently unveiled its new range of Macbooks as part of the tech firm’s attempt to revive a product which was predicted by Steve Jobs would be rendered obsolete soon by the iPad. Analysts are expecting that this newly-released product line would enable the firm to significantly update its long-term growth. The shares of the said firm has recently dropped by up to 1% and has traded at $114.48 towards the end of the New York trading session. Meanwhile, Apple stocks surged by up to 20% as a result of expected positive sales for the iPhone 7. However, the firm’s shares immediately gave up a portion of its value after the company released a rather careful sales forecast.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Fri Oct 28, 2016 3:26 am

    October 28, 2016

    UK economy made a 0.5% growth after the Brexit authorization

    Three months after the Brexit happened, UK economy manifested a fast recovery with the help of the country's service sector.

    As it was indicated by the Office for National Statistics, there is a 0.5% increase in the economic health during the third quarter of the year. The result is lower compared to the previous quarter with a 0.7% rate, however, the latest increase is much stronger against the analyst's assessment.

    Due to the better-than-expected outcome, the preconception regarding BoE's interest cut rate for the following week had subsided. However, the supporters of the referendum believes that these figures are an indication that the entire negative speculations about the EU exit are merely about fear-mongering.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Fri Oct 28, 2016 3:42 am

    October 28, 2016
    Demand for Manufactured Capital Goods Weakened
    The manufactured capital goods from America fell by 1.2% in September despite three consecutive months of gains. The demand for computers and other electronic products slowed down which is expected to affect business spending in the last quarter of the year.
    Demand for new heavy machineries has been reduced because of the predominance of used construction equipments while the demand for transportation equipments declined by 0.8% that impelled durable goods lower by 0.1%. On the other hand, orders for electrical equipments and machineries including appliances has risen last month. However, this may shift course to a better predicament since the dollar appreciated as well as the oil and gas drilling activity has improved in the past months.

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    Re: Economic and company news by ForexMart

    Post  AppleFXMart on Wed Nov 02, 2016 11:33 pm

    November 3, 2016

    A 15-month Hike of Petrol and Diesel prices

    Petrol and diesel prices soar sternly reaching the highest level since July 2015 due to the rising crude oil prices and the depreciation of pound since Brexit. The standard diesel is now priced at 118.7p per liter while the standard petrol is priced 116.7p per liter rising by 5.2p and 4.4p respectively. This has been the highest monthly increase in the span of three and half years.

    The weak pound also has an effect to the wholesale market that has relatively put pressure to the wholesale prices. The RAC has forecasted that this will stabilise in the next months while OPEC agreed to reduce production. The next OPEC meeting will determined if the prices will steady before the end of the year.

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