Welcome to our new look Coffee Break page. Now you can catch up on some of the key highlights of your trading day in just a minute!
- Main trading events of the day: EUR CPI Flash Estimate y/y @10.00 GMT & CAD GDP @13.30 GMT
- Stocks to watch: Google, Amazon, Zynga & Chipotle
- Other trading news: Amazon.com, Inc. reported Q4 EPS of $0.51, $0.15, worse than the analyst estimate of $0.66. Revenue for the quarter came in at $25.59 billion versus the consensus estimate of $26.06 billion
What We’re Watching Today:
Emerging Markets
While investors love the promise of high returns from emerging-market equities, there are not many of them to buy. Just how few are indicated on the map below. In many emerging markets, the value of all the freely traded shares of firms that feature in the local MSCI share index is equivalent to just one single Western firm! That means all the shares available in India are worth about the same as Nestlé while Egypt’s are equal to Burger King. This suggests that emerging economies need deeper, more liquid markets-and investors need more perspective. Worth bearing in mind if you’re trading.
Tech
Investors in Facebook who were worried about a possible slackening in the social network’s membership growth can stop worrying. Facebook says 170 million new users joined the service over the last year, bringing its total to 1.23 billion active monthly users around the world. Looking at this another way, Facebook added the equivalent of 73 percent of Twitter’s user base to its membership rolls in 2013. This amazing statistic came earlier in the week amid an upbeat earnings report from the world’s largest social network. No doubt this has quietened skeptics! As Mark Zuckerberg celebrates Facebook’s 10th birthday, it looks like it’s here to stay!
Stocks
As goes January … so expect a volatile year (so the saying goes….)
As we say goodbye to January, the stock market is down about 3 percent, and it has already set the tone for a much more challenging year. As goes January, so goes the year, is the adage. It has been right in 62 of the last 85 years, that’s 73 percent of the time. Since World War II, whenever the market was down in January, the average price change was usually flat in the remaining 11 months. Will history repeat itself again? Let’s see what February has in store…
That sums up Friday’s highlights! We’re back on Monday. Don’t forget, if you need to brush up your trading skills, why not visit our educational site this weekend? Banc De Binary’s free tutorial is easy to follow and can be done at your own pace. Learn with the experts and become a superior trader! Here’s the link www.bancdebinary.net
