Penny Stock Picks, Hot Penny Stocks, Best Penny Stock Picks, Buying Penny Stock
Penny Stock Experts
HistoryServicesDisclaimerFaqsTerminologytools and news
hot stock picks
hot penny stock picks penny stock picks best penny stock picks hot penny stocks penny stocks Penny Stock Picks, Hot Penny Stocks, Best Penny Stock Picks, Buying Penny Stock
About Us Oder Pricing Testimonials Trading Tips Contact US penny stock picks

Stock Market Report For Week Ended April 29, 2016

Global equities fell this week, led by Japanese shares as a soaring yen induced risk aversion. The Chicago Board Options Exchange Volatility Index (VIX) rose on the week from 13.95 to 16.26, while the yield on the 10-year US Treasury note held steady at 1.85%. West Texas Intermediate crude prices rose to $46.22 from $43.39 a week ago, and global Brent crude prices rose to $48.11 from $44.53.


Fed kicks can down road
The US Federal Reserve's Federal Open Market Committee made no move on interest rates this week and sent mixed signals on the timing of its next hike. It removed a reference to global economic and financial developments from the first paragraph of its statement, which some interpreted as a hawkish sign. But the Fed highlighted that while labor markets have continued to improve, economic activity appears to have slowed. There are seven weeks until the next FOMC meeting in June, so the committee will have plenty of data to digest before it meets to set rates again.

Markets disappointed by BOJ inaction
Japanese shares tumbled and the yen soared against major currencies as the Bank of Japan declined to add additional monetary stimulus despite slumping inflation data and a strong yen. The Japanese core consumer price index fell 0.3% in March, the largest decline since the latest easing cycle began three years ago.

Another year, another weak first quarter
US gross domestic product rose just 0.5% in the first quarter, the third consecutive anemic start to a new year. Poor Q1 growth in the prior two years was blamed on severe winter weather but this winter was seasonal across most of the country. Sluggish net exports and weak corporate profits were notable developments this quarter.

Eurozone growth picks up but inflation continues decline
The eurozone economy grew by 1.6% year over year in the first quarter, the same rate of growth as the final quarter of 2015. Inflation failed to keep pace, however, sliding 0.2% year over year while core inflation rose 0.8%. Falling inflation will keep the pressure on the European Central Bank to seek novel ways to spur growth and inflation.

Saudi Arabia unveils plan to lessen reliance on oil exports
A new plan from Saudi Arabia known as Vision 2030 calls for the floatation of a stake in Saudi Aramco, the state oil producer. Proceeds from asset sales, as well as other state-owned assets, will be held in a sovereign wealth fund worth as much as $2 trillion. The plan also calls for the establishment of a domestic defense industry. Saudi Arabia currently procures virtually all of its weaponry from abroad.

UK growth steady but Brexit may prompt near-term dip
GDP growth in the United Kingdom held steady at 2.1% year over year in the first quarter but economists are concerned that growth could slow in the second quarter, ahead of the 23 June Brexit referendum. Any near-term growth slowdown is expected to correct itself in Q3, no matter the outcome of the vote on whether Britain should remain in the European Union.

Spain to go back to polls
After spending five months trying to form a government in the wake of an inconclusive general election last year, Spain will return to the polls in late June. A caretaker government led by Prime Minister Mariano Rajoy has been in place and will continue to govern in the interim. Despite the political vacuum, Spanish growth has continued to rebound, surging at a 3.4% annual rate in the first quarter.

Penny Stock Picks

Buy Penny Stocks

stock stock market hot stocks
  Give us a try for one month only $ 19.95  
  You’ll be glad you did!  
  We accept Credit Cards, PayPal or Checks Or Send Payment of $19.95 each month to:  
  Affordable Stock  
  1775 W. State St. # 139, Boise, Idaho 83702  
Email: penny stock
  Be sure to include your e-mail address!  
Penny Stocks hot stocks best stocks to buy

Hot Penny Stocks

Best Penny Stock Picks

Best Penny Stocks
Order Affordable Stock Now | Pricing | Disclaimer / Terms Of Service |
Contact Affordable Stock | Stock Picks

©2016 Affordable Stock Inc. All Rights Reserved

Increase gains with our hot penny stock picks.