Tag Archives: Month

Eric Cantor will leave Congress this month

After a shocking primary loss in June, the long-serving Republican will leave Capitol Hill for good August 18.
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Whoa this is historic and now the Progressives,Communist & Globalist get a taste of the bloody assault …metaphorically speaking they are going to have to e…
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Obamacare Website Sign-Ups Said to Reach 100000 in Month

Obamacare Website Sign-Ups Said to Reach 100000 in Month
About 100,000 people signed up for health insurance through the online federal exchange last month, a roughly four-fold increase from October even as a team of U.S. government and contractor programmers was fixing the troubled Affordable Care Act …
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ETX Capital Daily Market Bite, 31st January, 2013: Weakess For Markets On Last Trading Day Of Month

ETX Capital Daily Market Bite, 31st January, 2013: Weakess For Markets On Last Trading Day Of Month

January 31st, 2012, Daily Market Bite from Ishaq Siddiqi Market Strategist European stock markets are trading weaker on the last day of a spectacular month for risk assets due to losses on Wall Street overnight, sparked by an underwhelming US 4Q GDP report and uneventful but as expected Fed policy meeting. The Fed kept rates and QE measures unchanged, still buying bonds as long as unemployment and inflation are not in line with the central bank’s target. Although the outcome was largely expected, the first policy meeting of 2013 has prompted concerns about the Fed’s ballooning balance sheet – a theme which is likely to persist through the year. In Europe, a deluge of major blue-chips have reported so far and are likely to keep investors busy through the course of the session until we see US corporate earnings hit the wire. As it is the last trading day of a solid month, we are likely to see a degree of window dressing – February carries more risks than January such as the US budget battle and Italian elections and these fears are being reflected by the slight uptick in peripheral bond yields. We also have a wealth of economic data from both sides of the Atlantic which is likely to influence price action – look out for German unemployment and inflation figures together with euro zone harmonized inflation. Stateside, Wednesday’s dull growth figures will see investors approach data with trepidation; look out for weekly jobless claims and Chicago PMIs. Visit www.etxcapital.co
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