On August 20, 2015, Teradata announced that its board of directors has authorized an additional $500 million for share purchases under the company’s general open market share repurchase program.
On August 6, 2015, Teradata declared its 2Q15 results and reported revenues of $623 million, missing analysts’ estimates of $651 million. Diluted EPS fell from $0.72 in 2Q14 to $0.53 in 2Q15.
Among the component sectors of the iShares MSCI United Kingdom ETF (EWU), the financial sector and the consumer staples sector performed well in the UK market on September 2.
The iShares MSCI United Kingdom ETF (EWU) rose by 1.95% on September 2.
All the component sectors of the SPDR S&P 500 ETF (SPY) went completely red on September 1 due to news about the sharp slowdown in China’s manufacturing activity.
Windstream Holdings (WIN) was the top gainer of the day among the 502 stocks in SPY. It returned 7.96% on September 2.
With the economic slowdown, a reduction in imports—especially oil—by China has become inevitable, affecting many of its trading partner countries. Consequently, trades of these countries with the UK may be affected.
Although oil prices rose across the US and the UK markets, along with the US oil inventory’s fall—which greatly benefited the energy sector—EWU dipped on August 31.
The energy sector was the sole gainer on August 31. This move was largely triggered by the soaring oil prices and the fall in the US oil inventory.
Energy stocks continued their upward movement for the fourth straight day, and the SPDR S&P 500 ETF fell by 0.81% on August 31.
The Brazilian real gained against the US dollar on September 3, 2015, after the Central Bank of Brazil announced the previous day that it will keep interest rates on hold.
The euro drove downward against the US dollar as Mario Draghi, president of the European Central Bank (or ECB), hinted at increasing the stimulus program to spark growth in the European economy.
The less dovish tone of the Riksbank meant the Swedish krona gained for the day, especially against the euro. The euro to krona pair (EUR-SEK) fell more than 1% over the day on September 3.
The U.S. Bureau of Labor Statistics published its data on nonfarm payrolls and unemployment claims on September 4. The dollar spiked to 96.57 at the time the data were released.
September 4 saw rises in none of the 109 constituent stocks of the EWU. The Fed’s rate-hike indecision impacted UK investors.
Following the employment report on September 4, the financial and material sectors fell, primarily due to the Fed’s uncertainty surrounding a rate hike.
The US Bureau of Labor Statistics’ employment report released on September 4, 2015, received mixed responses. Investors seemed skeptical. SPY fell by 1.51%
My cautiously optimistic view comes with two caveats. First, in today’s slow growth world, it won’t take much to knock the US economy off of its trajectory.
There is little statistical evidence that the US economy is slowing. The American economy is likely to see steady growth in the near future.
Cheaper oil is a positive for US consumers. Crude oil (USO) prices have collapsed by over 60% in the last 12 months.