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Market News

Yen spikes to 18-month peak, Amazon softens Apple blow

People walk through the lobby of the London Stock Exchange in LondonSYDNEY/SINGAPORE (Reuters) - The yen surged to an 18-month peak on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, hurting prospects for Japanese exporters with a move that rippled through share markets across the Asian region. Perhaps taking advantage of Japan's absence for a holiday, speculators smashed through the yen's previous top at 107.63 per dollar earlier this month and drove the currency as high as 107.075. It had been at 111.67 before Thursday's surprise decision by the BoJ not to ease policy further.




Amazon profit crushes estimates as cloud-service revenue soars

File photograph of an Amazon logo on a worker's jacket at an Amazon Fulfilment CenterAmazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division. The results draw a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Amazon's performance also assuaged concerns about a broader slowdown among tech and internet companies after Apple , Microsoft and Intel all reported disappointing earnings.








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New Home Loans

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If you're like most people, purchasing a home  is probably one of the biggest investments you'll ever make in your lifetime and we'll be with you every step of the way

 

 

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If you are looking to refinance your ARM into a fixed rate or refinance and get cash out or get into a lower rate, we can help.

 

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