Tag Archives: Disney Stocks

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ECB Interest Rates Too Low For Germany; Draghi Speaks

Here’s today’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the financial markets:

Main Trading Event Of The Day: EUR ECB President Draghi Speaks @ 17.00 GMT

WHAT WE’RE WATCHING TODAY

ECB Interest Rates Too Low For Germany; Draghi Speaks

Bundesbank chief Jens Weidmann is reported to have said that the European Central Bank should tighten policy as soon as it can and that its interest rates are too low for Germany, as he referred to tensions in the united front the bank has presented since its major policy shift in June. Weidmann pointed out that many savers in Germany were unhappy with low interest rates but said these were aimed at supporting investment and consumption. The ECB cut interest rates to record lows last month as part of a package of measures to jump-start a sluggish euro zone economy, where inflation is running far below the central bank’s target. The German economy is nonetheless still outperforming other countries in the bloc. Weidmann added that if the Bundesbank were autonomous, Germany would benefit from a tighter rather than a looser monetary policy and warned about the risks of leaving policy loose for too long.

At the monthly news conference, Draghi said risks to the euro zone economic recovery remained primarily negative and left the door open to a possible asset-buying program by the ECB, which Weidmann has cautioned against in all but exceptional circumstances. Weidmann put the onus on governments to act, urging them to shape up their economies and consolidate their budgets as the euro zone recovers from the debt crisis that took it to the brink of break-up. The euro was steady at $1.3604, having wobbled on either side of $1.3600 in the past week. European Central Bank President Mario Draghi is scheduled to give an introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament later in the day.

ECB President Draghi speaks today @ 17.00 GMT.

Mario Draghi

U.S. Dollar Firms In Subdued Trade; Market Awaits Yellen

The dollar edged up slightly against the yen today as investors awaited events this week including Federal Reserve Chair Janet Yellen’s congressional testimony for cues on the outlook for U.S. monetary policy. Investors also awaited a policy review by the Bank of Japan on Tuesday, though the central bank was widely expected to maintain its policy and its broader economic outlook. The BOJ next week may trim its economic growth forecast for the current year, reflecting soft exports and a bigger-than-expected slump in household spending after a sales tax hike in April, though the change would not tip any policy changes to come. The dollar index edged slightly higher to 80.217, nudging away from a two-month low of 79.740 on July 1. Speculators increased their bullish bets on the U.S. dollar in the latest week, with the value of the dollar’s net long position rising to $10.34 billion in the week through July 8. The total value of positions rose from $8.65 billion the previous week when it was the smallest net long on the dollar in five weeks.

Stock Watch: Guardians Could Open Galaxy Of Riches For Disney

When Disney bought Marvel for $4.2 billion in 2009, its stock sank following news of the acquisition. Analysts warned Disney’s superheroes would have to fight extra hard to win box office dollars. However, under the guidance of Marvel Studios’ President Kevin Feige, the team has been taking more risks and a more character-driven approach to storytelling. So far, it’s paying off. At the time, Disney also inked a landmark deal with Netflix to stream four new and original Marvel series on the platform, starting from 2016. So far, this year has been strong for the Disney/Marvel duo with its latest release, Captain America, dominating at the box office on its opening weekend.

disney

That sums up today’s highlights! Remember to stay in touch for all the latest trading updates of the day - find us on Facebook, Twitter, Google+ and LinkedIn. We hope you have a profitable day on the markets.

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Just A Minute!

Here’s Monday’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the markets:

Main Trading Events Of The Day: EUR Eurogroup Meetings

WHAT WE’RE WATCHING TODAY

Gold Drops As U.S. Growth Optimism Starts To Take Hold

Gold got off to a sluggish start on Monday, after strong U.S. jobs data eased worries of an economic slowdown and dimmed the metal’s safe-haven appeal. Fears among Chinese investors over a slowdown in the world’s second biggest economy also hurt prices, with investors in Shanghai futures and spot contracts dumping bullion. The drop in prices after five straight weekly gains comes despite weaker Asian equities and a geopolitical crisis in Ukraine, which typically support gold. Gold fell to $1,332.80 an ounce on Friday, it’s biggest one-day point and percentage loss in more than a week due to the better-than-expected jobs report. The U.S. added 175,000 jobs in February, topping the 140,000 positions expected by economists. Extreme weather, drought, the Ukrainian crisis and cheap valuation have propelled the precious metals and the other commodities prices higher which has accounted for the allure of gold so far in 2014. Gold’s safe-haven status has been reinforced, while the fabrication demand for gold has continued to be strong in the East. Prices were at a premium of over $20 in the beginning of the year with investor sentiment towards gold remaining positive this year after a 28 percent drop in prices in 2013.

gold

Global Business Optimism At Two Year High

Global business optimism reached a two-year high in February, according to a survey conducted by Markit based on responses from 11,000 companies. The survey which is conducted three times a year, showed expectations about the year ahead rose sharply in the U.S., the eurozone and the U.K., with hiring and capital-spending intentions also up. However, business confidence in the ‘BRIC’ countries have barely moved since sliding to a survey low in mid-2013, with Russia and India at new lows and Brazilian confidence falling back.

Disney Pours $1 Billion Into Technology to Track Theme-Park Visitors

Disney has invested $1 billion in an electronic wristband technology experiment to track theme-park visitors. The experiment in crowd control and data collection could change the way people play and spend at the’ Most Magical Place on Earth’. If the system works, it could be copied not only by other theme parks but also by museums, zoos, airports, and malls. The goal is to offer people a more immersive, seamless, and personal experience. The implications for big data and for personalisation are extraordinary and could radically change interaction between customers and the company. The MagicBands also make it very easy to spend - when you make the logistics easier, people tend to spend more time on entertainment and more time on consumables. Disney’s investment is likely to positively impact on their business in the years to come. We’re in no doubt this is a complete game changer so watch out for the official launch!

That sums up today’s highlights! Remember to keep in touch with us via Facebook, Twitter, Google+ and LinkedIn for all your up-to-the-minute trading news! We hope you have a profitable day on the markets!

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