Month: October 2018

More bad news for the peso Mexico was affirmed at BBB+ but the outlook was lowered to negative from stable. USD/MXN moved another dozen pips higher on the report. It’s been a brutal stretch for the peso. Comments from Fitch: Revision to negative reflects deteriorating balance of risks Sees scope for policy uncertainty Background of
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Facebook’s stock jumped before the opening bell Wednesday after the social media giant reported earnings that easily topped Wall Street analyst expectations. Analysts were largely pleased with CEO Mark Zuckerberg’s focus on stabilizing profit margins as well as plans for greater monetization of its Messenger, WhatsApp and Instagram platforms despite some concerns around the company’s
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In this strange moment for stocks, investors should hope to see bad news about the economy, CNBC’s Jim Cramer said Tuesday after the major averages traded sharply higher following weaker-than-expected economic data. “Bizarrely enough, the best thing for this market would be getting some disappointing news from the non-farm payroll report on Friday,” Cramer said.
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