Text of Fed statement on interest rates – MarketWatch.
So almighty Fed did not rule out starting the liftoff in June, and in fact removed all dates from the statement. Which is bullish on dollar and bullish on DAX. I just bought a DAX June future @ 11490. Also of interest is GY3L, currently at 16.50.
U.S. GDP barely grows in first quarter – MarketWatch.
So Fed can’t start the „liftoff” of interest rates before at least September. This sinks the dollar and DAX, and has a mixed effect on the US market.
The Company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter.
Cash flow from operations was also outstanding at $19.1 billion.
Apple – Press Info – Apple Reports Record Second Quarter Results.
Ooops they did it again :)
„We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles” – Tim Cook
so, iPhone revenues are growing at 55%
aaand…
From the inception of its capital return program in August 2012 through March 2015, Apple has returned over $112 billion to shareholders, including $80 billion in share repurchases.
In 2015 Apple will sell more iOS devices plus Macs than all the Windows PCs put together. Looking from the 2007 perspective (just before iPhone was launched), this seemed absolutely impossible.
Where will they be in 8 years?
For years, employees at Deutsche Bank illegally manipulated interest rates around the globe – including LIBORs for U.S. Dollar, Yen, Swiss Franc and Pound Sterling, as well as EURIBOR – in the hopes of fraudulently moving the market to generate profits for their traders at the expense of the bank’s counterparties,” said U.S. Assistant Attorney General Leslie Caldwell.
via Deutsche Bank to pay $2.5B for Libor rate violations.
Well done Hans Schnitzelface, the Germans are no 1 in Europe as always.
