symbol
stringlengths
1
9
title
stringlengths
1
701
text
stringlengths
1
140k
MS
Stocks Inovalon Holdings Rallies Following Analyst Upgrade
Investing com Inovalon Holdings Inc NASDAQ INOV shares rallied on Tuesday after analysts at Morgan Stanley NYSE MS upgraded the company to Equal Weight from Underweight The bank raised its price target on the company to 14 from 9 Also the company presented at the Morgan Stanley 15th Annual Global Healthca...
JPM
JP Morgan CEO says has no interest in buying Deutsche Bank Handelsblatt
FRANKFURT Reuters JP Morgan N JPM has no interest in buying Deutsche Bank DE DBKGn the U S bank s chief executive told German daily Handelsblatt It would not make any sense Jamie Dimon told the paper If you only buy a company just to consolidate it it is almost impossible to do without killing the pat...
JPM
JPMorgan spreads its urban development money to Paris
By David Henry and Inti Landauro NEW YORK PARIS Reuters JPMorgan Chase Co N JPM the biggest U S bank by assets said on Sunday that it has selected impoverished areas around Paris as the first foreign focus of an urban economic development strategy it started four years ago in Detroit The bank will contribut...
JPM
Ex Wall Street banker s insider trading conviction overturned
By Jonathan Stempel NEW YORK Reuters A divided federal appeals court on Monday overturned the insider trading conviction of a former Wall Street investment banker accused of passing tips about five mergers in the healthcare industry to his father and ordered a new trial In a 2 1 decision the 2nd U S Circuit Cou...
MS
Don t Fall For This Treacherous Pick Up Line
Last week the most feared technical indicator in all the land was triggered for the second time in less than a month And that means a nasty stock market crash of 20 or more is nigh At least that s what the Chicken Little followers of the esoteric Hindenburg Omen want us to believe I give them credit They make ...
MS
Talking Forex EUR USD Moved Higher On Good Jobs Reoprt
EUR USDAbsence of policy easing as well as marginal upward revision to 2014 GDP forecast from the ECB supported EUR in the closing stages of the week which in turn saw market participants were forced to cover their lower rates bets While an announcement that the central bank is to implement negative deposit rate w...
MS
Talking Forex Weekly Outlook Volatility Expected
EUR USDMarket participants set to remain volatile this week and not only continue to scrutinise comments from the Fed on the prospect of reducing the QE but also debate over the recent slide by USD JPY which threatens to result in a downward spiral amid long position liquidations Still it is worth remembering that t...
C
Australia s Economy Is Slowing Its Stock Market Isn t
Bloomberg When a country s economic growth slows its stock market usually follows suit Not in Australia Despite a backdrop of troubling economic signals the nation s benchmark S P ASX 200 Index rallied almost 10 percent in the first quarter its best ever performance to begin a year in data going back almost...
C
Coal s Collapse Crowns Winners and Losers From China to the U S
Bloomberg It s been a stormy month for benchmark coal prices in Asia with the potential for reverberations across the globe A double whammy of Chinese import curbs and collapsing gas prices in Europe have whacked Australian thermal coal at a time when demand weakens after the winter heating season and Asian buy...
C
Citigroup s institutional clients group CEO James Forese to retire memo
Reuters James Forese president and chief executive officer of Citigroup NYSE C Inc s institutional clients business has decided to retire according to an internal memo seen by Reuters This will be the biggest departure from the third largest U S bank s executive team since former consumer banking head Manu...
C
The Future of China s Growth Glimpsed in Historic Town s Revamp
Bloomberg A 300 million plan to turn a country town famous for fine porcelain into a major tourist destination gives clues as to how China s new approach to stimulus works in reality Shenhou in central Henan province home to the delicately colored jun pottery since the Song dynasty about 1 000 years ago began ...
JPM
Wall Street Doesn t Love Cryptocurrency But It Likes Blockchain
Cryptocurrency is reducing the influence of governments over the global monetary landscape and it has shown an impressive ability to steal the attention of investors away from traditional investments on Wall Street Now a whole industry is born around the idea of trading of cryptocurrencies with different kinds of ne...
MS
Foreigners dump Japan stocks as North Korea yen take gloss off bright economic news
By Tomo Uetake TOKYO Reuters Foreign investors are ditching Japanese stocks as worries about a rising yen eclipse the brightest earnings season in years an economy brimming with vigor and business confidence at its highest since before the global financial crisis Tensions on the Korean peninsula and lingering c...
MS
Top German politician and banker back Frankfurt as post Brexit hub
By Tom Sims FRANKFURT Reuters A senior German politician and the country s top banker threw their weight on Wednesday behind making Frankfurt a post Brexit banking hub in a rare show of public support for building up the city as a financial center Wolfgang Schaeuble Germany s finance minister and the most influen...
MS
Property and Casualty shares rebound Morgan Stanley issues upbeat note
Investing com Wednesday was a volatile session for the shares of major property and casualty companies which first plunged as Hurricane Irma approached Florida but later regrouped following a bullish note from Morgan Stanley NYSE MS The likes of Renaissancere Holdings Ltd NYSE RNR Everest Re Group Ltd NYS...
MS
Traders see U S debt ceiling risks shift to December
By Richard Leong NEW YORK Reuters The U S Treasury bill market may have dodged a bullet on Wednesday when President Donald Trump and top Democrats backed a plan to raise the debt ceiling but it implied that traders believe the risk of a U S default has not disappeared only been deferred to December and beyond ...
MS
Banks weigh on European shares as market focuses on ECB
By Danilo Masoni MILAN Reuters European shares inched lower on Thursday with banks under pressure before a European Central Bank policy meeting that is expected to provide little detail on plans to cut monetary stimulus A fifth day of gains in auto stocks however helped German shares hit their highest level in ...
JPM
Papa John s spikes after a report says private equity firms are fighting for a stake in the pizza chain
Private equity firms are fighting to acquire a stake in the pizza chain according to Reuters Shares of the pizza chain rallied 10 following the news Papa John s is likely to be valued at 63 50 per share during a potential acquisition Jefferies analyst Alexander Slagle recently said shares rallied 10 Tuesday ...
JPM
Facebook Bulls Cut Projection on Zuckerberg s Instagram Tilt
Bloomberg Facebook Inc NASDAQ FB s newest strategy to lead with Instagram and video as the company s next catalysts of growth has investors buying in at least for now Following a mixed third quarter earnings report shares of the social network are climbing the most in six months up 6 percent in early trad...
JPM
JPMorgan s Blockchain Platform Quorum Used to Tokenize Commodity Assets
Quorum the blockchain platform developed by US based banking giant JPMorgan NYSE JPM is used to tokenize gold bars the Australian Financial Review AFR citing an executive that was present at the Sibos conference in Sydney Quorum is the enterprise version of Ethereum the popular blockchain network that suppor...
MS
Commodities Giving The Bulls The Benefit Of The Doubt
OK I was partially right Last Monday I wrote that commodities were setting up for a rebound see Commodities poised to rally All of these conditions are lining up to suggest that commodities are poised to rebound The euro commodity sensitive currencies and gold are all at key technical support levels As I writ...
MS
Gold Silver Speculative Interest At A High
Short interest speculative in Gold and Silver is higher than it s been since the early part of the 2000s Gold is retesting the 1413 levels from the Bernanke day confusion When the boat is loaded one way it doesn t take a whole lot to get them scurrying the other way Crowded rooms small doors Gold just traded ...
MS
Fed Speculation Leads To Solid Month For US Dollar
The dollar was set to complete a monthly gain against all of its 16 major counterparts amid speculation the Federal Reserve will reduce monetary stimulus The greenback rose versus the yen ahead of U S data on first quarter growth today The Japanese currency climbed earlier against the euro after weekly government dat...
MS
Overproduction In the Steel Industry A Global Problem
The global steel industry is facing some serious issues of overcapacity and like the aluminum industry so much comes down to China A recent Telegraph article quoted World Steel Association figures saying that production in April was 132 million tons an increase of 1 2 percent year on year Modest growth you might...
MS
ThyssenKrupp ArcelorMittal Post Q1 Losses Struggling With Officials
As we reported recently the response from European steelmakers is hampered by local politicians keen to maintain employment in difficult times Only Tata Steel has really bitten the bullet in Europe with a recently announced plan to slash 900 jobs in the U K and close 12 sites In the process they have taken a 1 ...
MS
U S senators urge Trump admin to raise pressure over China financial market access
By Michelle Price WASHINGTON Reuters Republican U S senators on Tuesday called on the Trump administration to increase pressure on China to remove foreign ownership curbs that bar American financial companies from freely operating in the world s second largest economy Foreign banks securities firms and insurers ...
MS
Gasoline supply crunch set to ease soon but consumers will still feel the pinch
U S gasoline pump prices rose to new two year highs on Tuesday but the futures market signaled a coming end to the fuel supply crunch created by Hurricane Harvey as oil refineries return to service While gasoline futures NYSEARCA UGA yesterday fell 2 8 to 1 6991 per gallon the average price for a gallon of gaso...
JPM
JPMorgan says mid cycle stress test ratios exceed regulatory thresholds
JPMorgan Chase NYSE JPM issues the results of its company run 2018 mid cycle stress test using a severely adverse scenario All measures exceeded the regulatory minimum Under the stressed scenario its minimum common equity tier 1 capital ratio of 8 0 calculated exceeds the regulatory minimum of 4 5 The minimum Tie...
MS
Financials Are On Fire
Financials were on fire Tuesday as the capital market and market sensitive names like Goldman Sachs GS Schwab SCHW and JP Morgan JPM start to get a persisent bid The SP 500 is hitting all time highs every day and credit spreads and the corporate bond markets remain well behaved We ve been recommending financia...
MS
Consider The Most Nagging Question About Stocks
If you constantly find yourself asking when the market is going to crash you re a paranoid freak And you re not alone either By our best estimates there are roughly 1 2 million such freaks trading the market each day What would happen if all these paranoid maniacs decided to sell Well it d look a lot like the H...
MS
Morgan Stanley Undiscovered Gem
Morgan Stanley MS is a global financial services company that through its subsidiaries and affiliates provides its products and services to a range of clients and customers including corporations governments financial institutions and individuals The Company is a financial holding company The Company operates ...
C
Belt and Road Without China It s Possible
Bloomberg Opinion Italy s new role in the Belt and Road Initiative has alarmed G 7 allies fearful of China s expanding reach Give it time This project is going to look a lot less Chinese as it unfolds At the moment the heft of the funding for President Xi Jinping s global infrastructure project comes from poli...
JPM
JPMorgan Global Growth Income Undergoing Period Of Change
Launched in 1887 JPMorgan NYSE JPM Global Growth Income LSE JPGI has undergone a period of change in the past 18 months changing its name from JPMorgan Overseas and introducing a high distribution policy under which it pays out 4 of year end NAV in equal quarterly instalments However its research based val...
MS
Insurers see more demand from banks for cover against cyber attacks rogue staff
By Carolyn Cohn LONDON Reuters Banks are increasingly turning to insurance to protect their capital from operational risks like cyber attacks and rogue traders and insurers say they can help safeguard lenders by providing an extra layer of expertise After a spate of expensive court cases and IT outages banks i...
MS
U S consumer spending rises modestly inflation retreats
By Lucia Mutikani WASHINGTON Reuters U S consumer spending rose slightly less than expected in July and annual inflation advanced at its slowest pace in more than 1 1 2 years diminishing expectations of an interest rate increase in December Inflation remains stubbornly low even as the labor market is near full e...
MS
Brazil consumers drive recovery as investment lags
By Bruno Federowski SAO PAULO Reuters Brazilian policymakers and economists have for years promised that a surge in corporate investment would lift Latin America s largest economy out of its worst recession Investors are not buying it While consumers are loosening their purse strings Brazilian companies must dea...
MS
Euro slips after six months of gains ECB eyed
By Saikat Chatterjee LONDON Reuters The euro fell on Friday after ending its sixth straight month of gains as investors prepared for a European Central Bank meeting next week where policymakers are expected to discuss the impact of the currency s strength With only 15 out of 79 analysts in the latest Reuters poll...
JPM
Technical Pieces May Be Aligning for S P 500 Bottom Near 2 700
Bloomberg The S P 500 Index s drop to its lowest level in nearly five months could be a sign of better days ahead according to JPMorgan Chase Co NYSE JPM technical strategist Jason Hunter The break to new correction lows puts the pieces in place for a bottom Hunter wrote in a note We expect any residua...
JPM
Soothing words from Fed as rate hits ceiling for first time
By Jonathan Spicer NEW YORK Reuters Federal Reserve officials have tried this week to ease concerns on Wall Street that bank reserves are growing scarce and that the Fed s key rate will edge up above a policy range possibly forcing it to permanently hold more assets than planned Thursday marked the third straight...
MS
QE A Complete And Utter Failure
The Fed is now blaming Congress for the failures of its QE policies This is to be expected given that no one in the power elite ever accepts responsibility for their own failures Congressional members blames each other depending on which party they re in the Fed blames Congress the White House blames the GOP and...
MS
P2P Lending Surpassed 2B In Loan Origination
Since 2006 P2P and online lending have enjoyed explosive growth and America s two largest P2P lenders have now surpassed 2B in loan origination and P2P has captured the attention of industry legends the financial media the investing public and even today s technology giants Lending Club s board is comprised of...
MS
Brent Settles Below 105 On Profit Taking
Brent crude oil rose to its highest in nearly a month on Monday after geopolitical worries overcame demand concerns and lifted crude prices However profit taking pushed the commodity downward to settle at 104 95 at 5 55 GMT on Tuesday morning An Israeli airstrike near Damascus is reported to have killed dozens of Sy...
C
Crucial Week Has Citigroup Touting a Bet on Higher Volatility
Bloomberg Citigroup Inc NYSE C is warning that investors should brace for a pick up in turbulence next week which will be packed with global economic data that could make or break the market s thirst for risk To position for what could be either a hefty bounce in risk appetite or a further darkening of th...
C
Online lender CommonBond expands to target medical and dental students
By Anna Irrera NEW YORK Reuters Online student lender CommonBond on Monday started offering loans designed explicitly for medical and dental students as the startup expands its suite of discipline specific loans The new service aims to offer a more affordable alternative to would be doctors and dentists than what...
JPM
Why These Commodity ETFs Are On A Tear
It seems that commodities are back with a bang especially the industrial metals Metals are riding high on favorable demand supply dynamics and a subdued greenback Powershares DB US Dollar Index Bullish Fund is off about 8 6 so far this year and has lost about 2 in one year as of Oct 20 2017 Since most commodi...
JPM
3 Zacks Rank 1 JP Morgan Mutual Funds For Striking Returns
JPMorgan NYSE JPM is a well known financial management company in the world The company pioneered innovative inflation protected municipal products Its primary principle is to understand the needs of its clients and advice the best investment solutions for surplus returns It has a legacy of investment management s...
MS
Fiat Chrysler rallies on Maserati spinoff hopes
Jefferies raises targets on Fiat Chrysler Automobiles NYSE FCAU with the automaker now seen as in play The firm notes that a top priority of Fiat shareholder Exor is to exit the volume auto business The analyst team also teases the prospect of Maserati or Alfa Romeo going independent The European based price targe...
MS
Snap 2 6 as Cantor sees share gains MS cuts target
After a market open tug of war Snap NYSE SNAP is up 2 6 alongside a bullish update from Cantor Fitzgerald and a price target cut from Morgan Stanley NYSE MS Cantor reiterated its Overweight rating and 15 price target noting that it sees the social media camera company gaining share among younger consumers ...
MS
Frankfurt hopes to become little London after Brexit
By John O Donnell FRANKFURT Reuters Frankfurt could become a miniature version of London after Brexit a city official has predicted after a study said tens of thousands of jobs would be created bolstering Germany s banking capital The research commissioned by the city s chief promoter is the first comprehensi...
JPM
Global banks curb China travel after UBS banker stopped from leaving
By Sumeet Chatterjee and Clare Jim HONG KONG Reuters Global banks including Citigroup NYSE C and Standard Chartered LON STAN have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country sources said BNP Paribas ...
JPM
Accenture Tech Now Connects Corda Fabric DA and Quorum Blockchains
Enterprise blockchain customers might not need to worry any longer about having picked the wrong platform to build on thanks to a new interoperability solution being unveiled by Accenture Revealed at the annual Sibos conference on Monday the consulting giant has created an interoperability node which it says can h...
JPM
Saudi sees deals worth billions at summit despite boycotts
By Andrew Torchia and Marwa Rashad RIYADH Reuters Saudi Arabia brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead on Tuesday with an investment conference boycotted by Western political figures leading international bankers and company executives Speaking at the opening session ...
JPM
A new ultra safe kind of bank may emerge but the Fed s not interested Bloomberg
James McAndrews a former co director of research at the New York Fed wants to start a new kind of bank an ultra safe private bank whose only purpose is to park institutional investors cash at the Federal Reserve Bloomberg reports Apparently the Fed won t let him open an account So his bank TNB USA it stands for ...
JPM
JPMorgan Sees Technical Pieces in Place for a Bottom on S P 500
Bloomberg The S P 500 Index s drop Tuesday to its lowest level in nearly five months could be a sign of better days ahead according to JPMorgan Chase Co NYSE JPM technical strategist Jason Hunter The break to new correction lows puts the pieces in place for a bottom Hunter wrote in a note We expect any...
MS
Volatility Reflects Bearish Mood
Wall Street continued on Frida yafter disappointing forecasts by eBay and other heavy weight U S companies Present quarterly results raise increased doubt on the market s recent strength eBay dropped 5 9 and Apple shares extended their slide from Wednesday breaking the USD 400 level The S P technology index fel...
MS
The Law Of Unintended Consequences
Gold has worked down from Alexander s time When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory Bernard M Baruch Something most unusual happened yesterday in the aftermath of the one of the most brutal one day price drops in gold that I ve ever ...
MS
Italian Politics And Downbeat Eanings
Italian presidential vote still inconclusive third round of voting begins today Growth worries persist as soft data and downbeat earnings weigh on sentiment Markets OvernightItalian Presidential Vote Still InconclusiveHopes of breaking the deadlock in Italian politics were dealt a blow yesterday as the first two ro...
C
British police end inquiry into witness in Libor trials
LONDON Reuters London police are ending a review of complaints about an expert witness used by prosecutors in four high profile trials over the manipulation of interest rates saying there was insufficient evidence an offence had been committed After a near two year review into testimony given during London tria...
C
GF Securities Says One of Its Hedge Funds Lost 139 Million
Bloomberg GF Securities Co said one of its hedge funds wiped out an amount equivalent to more than 10 percent of its profit for all of 2017 after suffering significant losses due to fluctuations in the foreign exchange market The GTEC Pandion Multi Strategy Fund SP lost 139 million in 2018 and its net value w...
C
Recession Risks Creep Beyond Yield Curve Into U S Economic Data
Bloomberg As the bond market s yield curve flashes warning signs of a U S recession some key economic indicators are offering more conflicting signals about the outlook Recent government and private data show weakness from housing to retail sales and consumer sentiment prompting a more dovish tone from the Fed...
C
Bond Trading Is Only for the Brave in This Shock Rally
Bloomberg Opinion It s bad enough writing about another steep plunge in bond yields across the globe and prognosticating about the market s next move It s almost certainly worse to be putting money on the line Just some things to consider The benchmark 10 year Treasury yield fell to as low as 2 35 percent a le...
C
StockBeat Markets Rise but Banks Fall as ECB Plays Down Tiering Hopes
By Geoffrey Smith Investing com What the ECB giveth the ECB taketh away Bank stocks had outperformed on Wednesday after traders jumped on comments by European Central Bank President Mario Draghi suggesting that the ECB would do something to offset the losses that they make on the billions of euros they hold in res...
C
Bayer shares sag after U S jury verdict in Roundup cancer trial
By Ludwig Burger FRANKFURT Reuters Bayer AG DE BAYGN shares sank to their lowest in almost seven years on Thursday after a U S jury awarded 80 million to a man who claimed use of the group s weed killer Roundup caused his cancer with thousands of similar lawsuits looming The jury in San Francisco federal co...
JPM
BancorpSouth s BXS Q3 Earnings Beat Estimates Costs Down
BancorpSouth Inc NYSE BXS reported third quarter 2017 adjusted operating earnings of 43 cents per share beating the Zacks Consensus Estimate of 42 cents Also the bottom line compared favorably with the year ago quarter earnings of 39 cents Results benefitted from an improvement in net interest revenue and low...
MS
Infosys shares extend losses as leadership issues outweigh share buyback
By Sankalp Phartiyal MUMBAI Reuters A planned 2 billion share buyback by Infosys failed to lift shares in India s No 2 IT services company which dropped on Monday for a second straight trading day on concerns over a dispute between its board and founders Infosys shares fell 5 4 percent to a more than three year...
MS
Media stocks weigh on European shares as WPP sinks
By Helen Reid LONDON Reuters Unloved media stocks weighed on European markets on Wednesday led lower by sharp declines in advertising giant WPP after it cut sales forecasts on weakening demand Investors were keeping a close eye on monetary policy a day ahead of the start of a central bank symposium in Jackson Ho...
JPM
Saudi conference boycott over Khashoggi shows political threat to economy
By Andrew Torchia and Hadeel Al Sayegh DUBAI Reuters A Western boycott of a major business conference in Riyadh next week suggests rising political risks in Saudi Arabia could harm its ambitions to attract foreign capital and diversify its economy away from oil Rather than whipping up interest in Saudi investment ...
JPM
JPMorgan to build Silicon Valley fintech office
By David Henry NEW YORK Reuters JPMorgan Chase Co N JPM said on Friday that it was building a new fintech campus in Silicon Valley for more than 1 000 employees as it pushes to keep abreast of changes in digital payments The building is set to open in Palo Alto California in 2020 the bank said in a statem...
JPM
MUFG says bank s CEO will not attend Saudi conference
TOKYO Reuters The CEO of Mitsubishi UFJ Financial Group s T 8306 banking arm will not attend the Future Investment Initiative conference in Saudi Arabia the group said on Sunday joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi A spokesman for ...
MS
Small Canadian Healthcare Provider With Upside Potential
The landscape of healthcare is changing and whoever is smart will watch closely With the introduction of Obamacare in 2013 the US stands to see a substantial increase in the number of insured individuals And because the correlation between time and age has always been positive Uncle Sam will be attending to million...
C
U S bank regulator fines Citigroup 25 million for violating fair lending rules
WASHINGTON Reuters The U S Office of the Comptroller of the Currency OCC said on Tuesday it had fined Citigroup NYSE C 25 million for violating the Fair Housing Act by denying some borrowers preferential rates on the basis of their race color or other factors In 2012 Citi implemented a program that provi...
C
Citigroup to sell Venezuelan gold in setback to President Maduro sources
By Mayela Armas and Corina Pons CARACAS Reuters Citigroup Inc NYSE C plans to sell several tons of gold placed as collateral by Venezuela s central bank on a 1 6 billion loan after the deadline for repurchasing them expired this month sources said a setback for President Nicolas Maduro s efforts to hold onto...
C
Citi aims to grow Asia wealth management client base by 10 pct in 2019
HONG KONG Reuters Citigroup Inc NYSE C said on Tuesday it planned to grow its Asia Pacific wealth management client base by 10 percent this year stronger than the 8 percent growth it posted in 2018 as it hires more client advisers and boosts digital offerings Citi s regional wealth management business which...
MS
Forex Kiwi down slightly after retail sales yen gains ahead of GDP
Investing com The kiwi eased after reporting better than expected retail sales in the second quarter while the yen gained slightly as tensions on the Korean peninsula remain in focus along with second quarter GDP figures New Zealand reported retail sales jumped 2 0 in the second quarter on quarter far exceeding a...
MS
Forex Yen weaker in Asia after surprise GDP gains
Investing com The yen weakened on Monday in Asia after better that expected GDP led investors to back off on recent gains slightly as tensions on the Korean peninsula remain in focus and after China data showed some weakness In China fixed asset investment rose 8 3 compared with a 8 6 gain seen in July on year a...
MS
Japan second quarter GDP blows past expectations on robust domestic demand
By Stanley White and Leika Kihara TOKYO Reuters Japan s economy expanded at the fastest pace in more than two years in the second quarter as consumer and company spending picked up highlighting a long awaited bounce in domestic demand The world s third largest economy expanded by a much stronger than expected ann...
MS
Dollar near three week highs though gains capped
By Saikat Chatterjee LONDON Reuters The dollar held near a three week high on Wednesday against a trade weighted basket of its rivals as strong U S retail sales data boosted risk appetite though markets were wary of chasing gains due to lurking geopolitical risks The North Korea missile fears seems to be abatin...
JPM
Lack of Italy debt contagion explodes notion of euro periphery
By Abhinav Ramnarayan and Ritvik Carvalho LONDON Reuters The striking lack of financial contagion across the euro zone from Italy s bond market blowout this year shows investors are breaking an eight year habit of lumping together the bonds of Italy Spain and Portugal In an apparent vindication of European Centr...
JPM
U S weekly jobless claims data bolsters labor market outlook
By Lucia Mutikani WASHINGTON Reuters New applications for U S unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973 suggesting a further tightening in labor market conditions The labor market strength was also underscored by another report on T...
JPM
China GDP Preview Fed s Quarles on Hikes Doctor Love Eco Day
Bloomberg Happy Friday Asia Here s the latest news from Bloomberg Economics With China s expansion expected to slow as trade wars heat up this closer look at the data ahead of today s GDP print may offer a better take on what s happening in the world s second largest economy While the U S Treasury stopped sh...
JPM
China Economic Growth Slows More Than Expected in Third Quarter
Bloomberg Gross domestic product increased 6 5 percent in the third quarter from a year earlier compared to 6 6 percent in a Bloomberg survey and down from the 6 7 percent pace in the previous quarter Industrial output rose 5 8 percent last month from a year earlier versus the forecast of 6 percent the statis...
MS
Bad Reasons For Avoiding Stocks
There is a broad group of individual investors who are completely out of stocks or significantly under invested Many were paralyzed by fear in the time after 2008 They have still not returned to investments in stocks This is a natural and normal reaction to risk People fear losses more than they crave gains This n...
MS
Morgan Stanley s Chart Looking Weak
Morgan Stanley MS is looking very weak vulnerable to a significant drop lower In recent months MS has been trending downards towards previous support at 21 78 MS has been chopping around this level recently but has not tested it again Price action has formed two descending triangle patterns both dependent on t...
C
Japanese firms offer smaller pay raises as economy wobbles
By Tetsushi Kajimoto and Izumi Nakagawa TOKYO Reuters Big Japanese firms offered smaller pay increases at annual wage talks on Wednesday as the economy sputters tempering hopes that domestic consumption will offset external risks to growth Major firms are set to raise wages for a sixth straight year as Prime Mini...
C
Saudis Head to OPEC Talks Reluctant to Do Trump s Bidding
Bloomberg Four months ago Saudi Arabia s devotion to its decades old oil partnership with the U S was stronger than ever President Donald Trump was poised to choke off crude exports from the kingdom s political nemesis Iran And the Saudis shunned by other nations after the murder of journalist Jamal Khashogg...
C
Why Fed May Need to Follow Through on Pivot to Sustain Stocks
Bloomberg Stocks have barnstormed their way into 2019 but investors may soon enter a show me the money phase as they contemplate a slowing U S economy and a pending plan from the Federal Reserve to bring its liquidity tightening to an end The coming few months will be critical to see if sentiment ranging from...
JPM
iFOREX Daily Analysis October 13 2017
The dollar trades lower on Friday awaiting for the U S inflation data for a potential boost following this week s fall from 10 week highs The dollar index which tracks the U S currency against six other major currencies is almost 1 lower for the week A major drag in the dollar was the Fed s September meeting min...
JPM
3 Ways To Play A Fed Trade That Works Every Time
The next Federal Open Market Committee FOMC meeting is slated for Nov 1 Traders give Team Yellen a 98 5 probability that the Federal Reserve is going to raise rates in November and an 86 7 probability that it ll raise rates in December Are you and your money ready I hope so There are huge profits at stake and...
JPM
Daily Market Analysis 13 10 2017
Market Summary Asian markets finished broadly higher Thursday extending gains as investors remain confident about the health of the global economy Japan s Nikkei hit a fresh 21 year high despite a stronger Yen which normally weighs on export related shares South Korea s Kospi rose for a third consecutive session ...
MS
Sun Art Retail takes on e commerce rivals
Sun Art Retail Group OTCPK SURRY OTCPK SURRF is jumping into the online grocery delivery market in China with its new Feiniu Fresh service The move follows Alibaba s NYSE BABA launch of Hema Fresh last month and JD com s NASDAQ JD expansion of its Yonghui s Super Species chain Sun Art which is China s seco...
MS
Morgan Stanley predicts euro parity with pound for 2018
LONDON Reuters U S investment bank Morgan Stanley NYSE MS raised its currency forecasts for the euro on Friday predicting it would hit 1 25 early next year and be one for one versus Britain s pound for the first time in its 18 year history Morgan Stanley also cut its forecast for the Mexican peso to 20 per ...
JPM
Bank of Korea Holds Fire on Rates as Risks to Economy Grow
Bloomberg The Bank of Korea left its key interest rate unchanged citing an escalating U S China trade war as among rising risks to Asia s fourth largest economy It trimmed growth forecasts for this year and next Governor Lee Ju yeol made clear that for now price stability and caring for the economy the BOK ...
MS
ECB To Stay On Message
ECB expectations are firmly anchored to inaction on interest deposit and marginal rates yet outlying thoughts still look for a continued dovish stance from ECB President Mario Draghi and the board Rates have been at current levels for the last 8 months and only a small percentage of analysts surveyed believe we wil...
MS
Mainstream Misconceptions About Likely Stock Market Returns
It seems like everywhere you look in the mainstream financial media bullish market analysts are talking about how the stock market is reasonably valued and poised for substantial gains The consensus tends to project the current trend forward indefinitely which works well during the early or middle stages of a cyclic...
C
UBS StanChart settle 2009 Hong Kong IPO misconduct case
By Alun John HONG KONG Reuters UBS Group AG and Standard Chartered LON STAN PLC have agreed to settle a case of alleged misconduct related to a 2009 IPO in Hong Kong in a move expected to end uncertainty about the Swiss bank s ability to lead stock listings in the city While StanChart closed its equity busine...
C
Citigroup looks to speed up 2019 expense cuts
NEW YORK Reuters Citigroup Inc NYSE C has accelerated some of its 2019 plans to cut expenses through simplification of its organization and improvements in its internal processes Chief Financial Officer Mark Mason said on Tuesday at an investor conference Mason made the comment in response to a question abo...
JPM
Would The Interest Rates Be Hiked At All
For those market participants not yet convinced the Fed is serious about raising rates again before the end of the year particularly at its December meeting this morning s Producer Price Index PPI numbers for September ought to finish you off With a lofty 0 4 PPI read as expected but still lofty double the...
JPM
Bitcoin Is Here To Stay
Crypto currencies have been one of the hottest topics these days as J P Morgan s NYSE JPM Jamie Dimon has expressed his disgust of the asset currency in recent months The price of bitcoin and other crypto currencies have gained market share in the past several years While many call it a bubble and a fad it has ...
JPM
Rally Stalls Despite Solid Bank Reports
JPMorgan Chase NYSE JPM JPM and Citigroup NYSE C C both beat earnings expectations on Thursday but these financial giants were unable to keep stocks on their record setting pace here in the early days of earnings season The S P slipped 0 17 to 2550 9 while the Dow was off 0 14 to 22 841 and the NASDAQ decl...
JPM
Market Timers Get Bullish VIX back Under 10 Dow S P And Nasdaq All Make New
How many times over the last four or five years have you heard Elliott Wave Dennis Gartman or Tom DeMark say the high is in or get short the S P It s not just those three all of the well known market timers have done it so many times it s hard to believe that people pay for their services At MrTopStep we offer...