Daily Data Flow: Fed Minutes Continue to Lower Stocks; Ford Increases U.S. Jobs and Engine Production; Euro Down ahead of Italian Election

Daily Data Flow

Fed Minutes Continue to Drag Stocks Down (Bloomberg)
Yesterday’s release of minutes from the latest Federal Reserve meeting, which cast doubt on further stimulus action, continued to affect stocks today, contributing to a second straight day of decline. “The timeliness of the Fed’s comments coming out took a little bit of the excess out of the stock market,” Tim Hartzell, chief investment officer at Sequent Asset Management in Houston, said. “Equities really had gotten ahead of itself with just the belief that there’s always going to be $85 billion come into the market from the Fed.”

Ford Increases U.S. Jobs and Engine Production (CNBC)
In response to rising demand for more fuel efficient models, Ford is adding $200 million and 450 workers to its Cleveland Engine Plant, which, once its expansion is completed late in 2014, will begin constructing 2.0 liter EcoBoost engines. “We are maxed with our production of the 2 liter EcoBoost because of the demand we are seeing in products like the new Fusion and Escape,” said Joe Hinrichs, Ford president of the Americas. “So we are going to bring production here to add capacity globally and produce it right here in the United States.”

Euro Low in Anticipation of Italian Election (Reuters)
Hitting a six-week low versus the U.S. dollar and its lowest point against the Japanese yen in three weeks, the euro fell today. Responsible are uncertainty regarding Italy’s election this weekend and purchasing manager’s data which pointed to continued weakness in the region. “The PMI news is not good and shows the euro zone is under economic duress, and you add to the current uncertainty ahead of the Italian elections and we have a euro that is struggling to get ahead,” said Matthew Lifson, senior trader and analyst at Cambridge Mercantile Group in Princeton, New Jersey.

Exclusive  How does Investor Jim Rogers View the World?

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Three federal crises are heading our way -- the "sequester" battle on March 1, the end of the "continuing resolution" of the budget on April 1, and the next "debt-ceiling" debate around May 1. It could be a rocky spring on Wall Street.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE