Cardinal Trading says investors should not wave goodbye to QE as there is a strong likelihood the Fed will be reviving the program in the future. According to Cardinal Trading, the US Federal Reserve’s decision to end its bond-buying program may well have been priced into markets but the Tokyo-based investment house believes the central […]
Cardinal Trading Reports Deutsche Bank Posts 92m Euro Loss
Cardinal Trading: Germany’s largest lender, Deutsche Bank, saw its costs related to legal investigations push it into a 3rd quarter loss. According to Cardinal Trading, Deutsche Bank, Germany’s largest lender and one of the world’s biggest banks, has posted a €92 million loss for the 3rd quarter of the year as it continues to set […]
Cardinal Trading Reports Twitter Stock Plunges 10 percent on Guidance
Cardinal Trading: Twitter’s Q3 earnings meet analysts’ expectations but stock dives after it issues lackluster Q4 earnings forecasts. According to Cardinal Trading, micro-blogging service Twitter saw its stock plummet by up to 10% in after-hours trading after it issued disappointing earnings forecasts for the final quarter of 2014. The San Francisco, California-based technology company’s revenues […]
Cardinal Trading Reports Apple Beats But iPad Sales Struggle
Cardinal Trading: Apple earnings beat expectations again but it is struggling to sell iPads. Cardinal Trading has reported that though Apple continues to ship record numbers of iPhones and other items in its ecosystem with great success, it is evidently having difficulty selling iPads. The Cupertino, California-based technology giant sold an incredible 39.3 million iPhones […]
Cardinal Trading Says Greece Back In Focus As Yields Surge
Cardinal Trading: Worries about countries at Europe’s periphery are back as Greek bond yields soar towards 9%. Cardinal Trading says long-term borrowing costs for Greece surged through 8% last week as markets grew jittery over upcoming elections that could throw the country’s chances of exiting its bailout early into chaos. The coalition government is looking […]
Cardinal Trading: Stocks Leap On Hopes Of Stimulus
Cardinal Trading: US stock markets leapt on investor bets that the Federal Reserve will come to the rescue with more stimulus. Cardinal Trading: After a week of precipitous falls on stock market indexes in the US, Europe and Asia, the hope of a coordinated rescue mounted by the world’s leading central banks fueled a sharp […]