FOMC statement used to have little impact on behaviour of the USD/CAD currency pair, which fixed a minimal four-pip decrease in daily value over Wednesday. The short-term outlook remains tilted to the South, provided there is a dense supply cluster located between 1.2722 and 1.28. Here the monthly S1 is backed by the weekly pivot point and downward-sloping 20-day SMA. Dips lower are expected to be shallow, as the first weekly support line is going to meet USD/CAD as soon as at the 1.2509 mark. As for the daily technical indicators, they are still having no distinct bias in any direction, as three "buy" studies are balanced by the same amount of "sell" signals.
MasterCard, operator of the world's second-largest payments network, ended last quarter with a profit of 959 million dollars, or 86 cents per share, down from 1.02 billion, or 89 cents per share, in the same period the previous year. Analysts' expectations have been exceeded, which included earnings per share of 85 centesimi.I income rose to 2.45 billion dollars from 2.23 billion 12 months earlier and exceeding expectations of $ 2.38 billion.
In the first quarter of 2016 the US GDP grew at an annualized pace "only" 0.5%. It's what emerges from the first reading of the data released by the US Commerce Department. The result is lower than the expectations of analysts who expected an improvement of 0.7% in the first three months of this year. The economy of the United States, therefore, begins to slow down after the 1.4% achieved in the last quarter of 2015. The one recorded in the months January-March is the slower pace of expansion for two years.
Colgate-Palmolive has closed the first quarter with a profit of $ 533 million, or 59 cents per share, down slightly from 542 million, or 59 cents per share for the same period last year. Eliminating from the accounts by non-ordinary items the profit amounted to 63 cents per share, centering the expectations of employees to lavori.In decline, by 7.5%, revenues to 3.76 billion dollars, slightly better than the 3 , 75 billion expected by analysts.
Berlin is opposed to the special summit called by Greece. The German Minister of Finance Wolfgang Schaeuble said that "the talks with Greece have not made much progress." He added: "When the conditions are met, the meeting will be convened." So the Athens Stock Exchange back in the eye after the Eurogroup reference that had to discuss aid to the greek country: the BS Ase index leaves on the ground 2.5%. And Nathan Sheets, deputy secretary of the US Treasury for international affairs - as reported by Bloomberg - argues that the IMF will provide funds to Greece only with reforms and with a debt relief.
In an interview with Bild, Mario Draghi spoke of the lack of inflation in the euro, the impact of low interest rates on savers - in particular to be angry are those Germans - the age-old problem of the greek debt and referendum on Brexit, scheduled for June 23. The journalist who asked how a central banker Italian, that the Germans feared could trigger inflation too high, can not stimulate consumer prices, Draghi said that in Germany can rest assured that the ECB is doing everything possible to bring inflation to the desired levels, around 2%. "Interest rates are low because growth is low and inflation is too low. Think about what would be the alternative: if we increase the time cost of money, what would be bad for the economy and result in deflation, unemployment and a new recession. "
The Fed still leaves unchanged the interest rates between 0.25% and 0.50%. This decision leaves the door open to a possible rate hike in June. In the statement released Wednesday after the two-day meeting, the Federal Reserve made no reference to the risks posed by the global economic and financial developments, merely communicate that will monitor these developments. A change of language that analysts believe signaling a possible narrow in the coming weeks, at the latest within two months.
A profit of 5.7 billion francs in the first quarter of 2016, it was announced by the Swiss National Bank (SNB). The gold stock has generated a profit of 4.1 billion. The gain obtained on the positions in foreign currencies amounted to 1.2 billion francs. The appreciation of the franc caused exchange losses 6.9 billion, has indicated this morning the central bank. In the first quarter of 2015, the abandonment of the minimum threshold of franc / euro exchange rate had generated an appreciation of the franc and exchange losses on all the investment currencies in the amount of 41.1 billion francs.
Facebook closed the first quarter with a profit of 77 cents per share, above expectations of analysts betting on 63 cent. Revenues totaled 5.38 billion dollars, above the 5.27 billion dollars expected by the market. The results above expectations push the titles in after hours trading, where do you gain more than 8%. "We had a good start of the year," says the CEO of Facebook, Mark Zuckerberg, noting that the focus is not on "what Facebook is today, but on what can be and what needs to be for the community. " The social network has closed the first quarter with a net profit doubled to 1.51 billion dollars, compared with 512 million the same period last year. Revenues were up 52%, driven primarily by advertising on mobile devices. Revenues from mobile advertising have represented 82% of the first quarter advertising revenue. According to estimates of the company eMarketer, Facebook will win 12% of the global market from 186.81 billion dollars of digital advertising, an increase compared to 10.7% in 2015.
Nestle, the world's biggest food company, will create a joint venture in the ice cream industry with R & R, a leader in the freezer products in the UK. Froneri, the name of the new company co-owned by the two companies, will be located across the Channel and will be present in over 20 countries, including Europe, the Middle East, Argentina, Australia, Brazil, the Philippines and South Africa, employing 15,000 people. Nestlé has indicated in a statement today indicating that sales would be expected of 2.7 billion francs.
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