The central bank dropped more hints Wednesday it could taper monetary stimulus in the not-too-distant future but remained vague about the timing, giving it more policy flexibility for now. Central bankers are sending mixed signals because the economy is still mixed, said Steve Blitz, chief economist at ITG Investment Research. Continue Reading
ITG has added Singapore trading to the POSIT crossing network. “The Singapore market can present challenges for institutional traders given the relatively concentrated equity market and high spreads,” said Ofir Gefen, Head of Electronic Brokerage for ITG in Asia Pacific. Continue Reading
The mediocre pace of hiring in the U.S. has not changed much in May, according to a review of Internet job postings. ITG Investment Research monitors the latest hiring trends partly by looking at the average of job listings on four popular Internet job sites: Monster, CareerBuilder, LinkedIn and Dice. Continue Reading
Home Depot Inc. (HD), the largest U.S. home-improvement retailer, posted first-quarter profit that topped analysts’ estimates and raised its forecast for earnings this year as the housing rebound boosts renovation spending. Spending rose on “consumers’ confidence to invest in higher ticket projects,” John Tomlinson, an analyst at ITG Investment Research in New York, said today in an e-mail. His company doesn’t rate shares. Continue Reading
Get the Buzz on AAOS from ITG Market Research’s Martin Silverstein, MD
It can be difficult to stay abreast of developments in the ever-evolving orthopaedic landscape. Our distinguished Medical Liaison and Project Director, Martin B. Silverstein, MD F.A.C.S., breaks it down for you in a quick recap of the recent American Academy of Orthopaedic Surgeons (AAOS) annual meeting.
Wal-Mart Stores Inc. posted weaker-than-expected quarterly earnings on Thursday due to poor U.S. sales and said its profit for this quarter might also miss Wall Street’s forecast. “We hadn’t seen the business turn around particularly in April,” said ITG analyst John Tomlinson. “That was a concern because at that point you would think tax refunds and lower gas prices would have started to help the business.” Continue Reading
The fast-growing BRIC countries of Brazil, Russia, India and China are shaping up as an increasingly key battlefield for e-commerce leaders eBay and Amazon. “If eBay wants to be a high-growth company, they ultimately have to penetrate those markets,” said ITG Investment Research analyst Steve Weinstein. Continue Reading
The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. “Pressure on OPEC is going to crank up,” says Judith Dwarkin, Chief Economist at ITG Investment Research. Continue Reading
“Smart Trading Monitor is a powerful tool for institutional investors, allowing them to view and track execution performance with a high level of transparency and best-in-class monitoring tools, said Ian Domowitz, Head of Analytics at ITG. Also commenting on the launch, ITG’s Head of Platforms, Will Geyer, said “Smart Trading Monitor provides a crucial information bridge between portfolio managers, institutional traders and brokers, encouraging dynamic feedback and review of order and execution behavior which can ultimately be used to improve the quality of trade execution decisions and reduce market impact.” Continue Reading
U.S. Treasuries prices fell on Friday and yields made their biggest one-day jump since January after the government reported job growth that topped the market’s subdued forecasts. Steve Blitz, chief economist at ITG Investment Research in New York, said market sentiment was much more volatile than the actual underlying economic fundamentals. Continue Reading
