Daily Data Flow: Stocks Rise on Unemployment Decline; Clothing Left Behind in U.S. Manufacturing Rebound; European Central Bank Cuts Interest Rates

Daily Data Flow

Stocks Rise on Unemployment Decline (Bloomberg)
Stocks rose today, as the European Central Bank cut its key interest rate and American jobless claims unexpectedly fell. “The key thing that you need to make people feel OK is to simply add jobs and ideally lower the unemployment rate,” Ethan Anderson, senior portfolio manager for Rehmann Financial in Grand Rapids, Michigan, said. “It’s looking like the goldilocks type of scenario where the economy grows, but not too fast for the Fed to stop helping, but not too slow to impede earnings growth.”

Clothing Left Behind in U.S. Manufacturing Rebound (CNBC)
While many companies are moving manufacturing back to the United States, clothing retailers tend to be leaving production to much cheaper factories abroad. “We’ve been totally trained to buy it cheaper. It’s a challenge for the designers and the makers out there,” said Erica Wolf, executive director of Save the Garment Center, a campaign aimed at preserving New York City’s midtown Manhattan garment district. Pricing is “always going to be an issue, especially when it’s a mass-market retailer.”

European Central Bank Cuts Interest Rates (Reuters)
Falling in line with expectations, the European Central Bank (ECB) today cut interest rates for the first time in almost a year. The ECB left open possible future cuts to further stimulate the euro zone. “There was a very, very strong prevailing consensus towards an interest rate cut,” said ECB President Mario Draghi of the move.

Exclusive  Betting on a Bevy of Options

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

“The solutions to our problems are found in business, outside of government.” -- Tony Blair, 2013 Milken Conference Since the 1970s, I’ve been a big fan of attending conferences as a great way to learn, network, socialize and enjoy a new environment. It’s always refreshing to get out and see a whole new world. I also use these opportunities to find new ways to improve my own conferences that I’ve been doing since the 1980s (Financial Privacy Seminar in Beverly Hills, the Global Summ

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