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Thursday, 30 July 2015

Stock Market Trade.

                    STOCK MARKET TRADE.
 Google shares during the week ended six consecutives quarters in which the search engines fell short of analysts target making the shares a long term saving haven for market investors.
Google's market value have risen by $60billion and shares rocket by 16% as investors cheer big profits. A rise in 16% have added about $60billion to itys market value in one day. The shares rose as investors cheered profits revealing strong advertising growth on mobiles and its You tube arm.
The rises mean the company is now worth more than $400billion. On Thursday, google reported that second - quarter net income was $3.93billion in the three months to the end of  June.
  Also, General Electric posted a 5% lift in industrial profit for the second quarter, citing strong organic growth. The Conglomerate posted operating profit in its core industrial segment  at $4.45billion, off 11% organic growth. Revenues from this sector were $25.9billion for the quarter. Its operating earnings in the second quarter was $0.26 .
General Electric raised its full year guidance for industrial earnings per share to $1.13-$1.20.
Low oil prices translate into higher profits for big Airlines. American Airlines and United Airlines recorded their largest quarterly profits ever, $1.7billion and $1.2billion respectively. For long term investments, stock market analysts said 2015 and 2016 will likely peak years for the US Airline industry. Also, Huwaei consumer business groups reported a revenue of $9.09billion showing a year increase of 69%.
                     Stock Market Updates For Today.
1. The dollar has traded stronger all seasons fueled by momentum from yesterday's FOMC rate decision documentary.

2.Release of positive US unemployment data a modestly underwhelming GDP reading gave the index additional modest support in early trade.

3.The Dollar continues to tade higher currently at 0.7% to  97.63, putting moderate selling  pressure on both precious metals and coppers.

4.In recent trading however, Oil has given up some of its early gains and is now moderately positive to +0.6% at $49.10/barrel.

5.Gold is now +0.1% to $1093.90/oz while Silver is +0.2% to $14.77/oz.
http://www.briefing.com

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