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MS
The London Whale Is Likely Hedging JPMorgan s Own Bonds
The financial media has had a field day with the recent story about the so called London Whale Apparently a trader out of JPMorgan s office of the CIO has been a seller of the Investment Grade IG CDX an index of investment grade corporate CDS WSJ Mr Iksil has taken large positions for the bank in insurance lik...
MS
Stay Long But Keep Tight Stops
Have US equities seen an intermediate term top It was a rough week for stocks last week but I believe that we are due for an oversold relief rally We will need to watch how the market behaves in the next couple of weeks in order to truly determine whether an intermediate term top is in As the chart below shows the ...
MS
U S European And Chinese Financials
As can be seen on this the U S Financials sector finished in second place yesterday The Daily chartgrid below shows these sectors along with the S P 500 Index As can be seen price is trading around either the 50 sma red or the 200 sma pink The graph below shows the gains losses in these sectors since December...
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Early Stock Movers AAPL CIE NRG
Among the names that traders may want to keep an eye on in the early going on Tuesday are Apple NASDAQ AAPL Cobalt International Energy NYSE CIE and NRG Energy NYSE NRG Apple shares are running in the early going after a steep pullback in recent sessions The stock has jumped 2 39 to 594 00 after opening ...
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Yen Reigns Supreme Over Franc as a Haven When Markets Get Messy
Bloomberg There s only one trade to make in foreign exchange markets when investors are running away from risk buy the yen That s the view of analysts at Citigroup Inc NYSE C who compared the performance of the Japanese currency with the Swiss franc on days when the S P 500 Index incurred losses of 2 percen...
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Seven international banks agree to launch digital trade finance network
By Jes s Aguado MADRID Reuters Seven banks including HSBC L HSBA and Banco Santander MC SAN have signed a Memorandum of Understanding MoU to create a global digital network in trade finance aiming at allowing cheaper and easier funding for corporates a Santander manager said on Wednesday The Australia a...
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Treasury s Currency Report Seen as China s Final Warning as Yuan Falls
Bloomberg While the U S Treasury stopped short of labeling China a currency manipulator in its latest semiannual report the department s sharpened language didn t escape the foreign exchange market s notice In a break from recent releases Treasury devoted a section Wednesday to outlining concerns with China s ...
JPM
I m Shorting A Couple Of Bond Funds
Not feeling terribly inspired right now so I ll just share with you a couple of positions I ve got focused on bond funds The first of these is the high yield bond fund iShares iBoxx High Yield Corporate Bond NYSE HYG which has broken beneath this massive pattern below and has been in the throes of rolling over f...
MS
Synchrony Financial launches 2nd buyback intends to lift dividend
The repurchase program size is 1 64B and lasts through June of 2018 That would be enough to buy back almost 62M shares at the current price or about 7 6 of the float The quarterly dividend is to be lifted to 0 15 from 0 13 via Bloomberg Christmas comes early says Morgan Stanley NYSE MS s Betsy Graseck ...
MS
Traders renew bets on U S rate increase in June
NEW YORK Reuters U S interest rates futures fell on Friday suggesting traders revived bets the Federal Reserve would raise interest rates in June as financial markets recovered from their sharp losses earlier this week While this week s data supported the notion the U S modest economic expansion remains intact ...
MS
From suspicion to engagement OPEC hedge funds and the Sistine Chapel
By Dmitry Zhdannikov LONDON Reuters It was an unconventional venue for an unusual encounter In the Vatican s Sistine Chapel in the summer of 2016 OPEC s new secretary general Mohammed Barkindo bumped into Citigroup s global head of commodities research Ed Morse Their chat at an energy industry event held in the...
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Cloudera 2 2 as analyst launch neutral to strong coverage
Cloudera Pending CLDR is up 2 2 today after a rack of coverage launches brings in four Buy ratings along with another few firms at Hold The highest price target looks to be from Deutsche Bank DE DBKGn which started coverage at Buy with a 25 target implying 17 upside from today s price Raymond James has ini...
JPM
Euro wilts as Turkey rout sends investors into yen francs
By Tommy Wilkes LONDON Reuters The euro slid to a fresh 13 month low and emerging market currencies slumped further on Monday while the yen surged to a six week high as the fallout from the Turkish lira s crash pushed more investors into safe haven currencies As investors dumped riskier assets in Asian trading a...
JPM
European bank stocks lose more ground as concerns on Turkey spread
By Inti Landauro and Sudip Kar Gupta PARIS Reuters Shares in Europe s major banks lost further ground on Monday as concerns about Turkey s deepening currency crisis spread to other emerging markets The euro zone banking equity index SX7E was down 1 6 percent hovering near its lowest level this year and falling...
JPM
JPMorgan downgrades Planet Fitness on valuation
Planet Fitness PLNT 3 slumps after JPMorgan NYSE JPM downgrades the fitness center operator to Neutral from Overweight on a valuation call The formidable 48 YTD rally in Planet Fitness doesn t leave much room for share price upside reasons the JP analyst team Planet Fitness cycled up to a 52 week high of 53 4...
JPM
Turkey s Collapse Sinks Emerging Markets on Manic Monday
Bloomberg Turkey s market carnage rippled across emerging markets sending both stocks and currencies toward their lowest levels in a year The lira led losses among global peers after the nation s first steps to bolster the financial system were seen by some analysts as insufficient to protect markets in times of...
JPM
Citigroup shakes up consumer bank and card chief leaves
By David Henry NEW YORK Reuters Citigroup Inc NYSE C restructured its consumer bank on Monday elevating one executive and triggering the departure of another as the third biggest U S bank moved to improve results The changes will harmonize Citigroup s consumer business with operating models of units in As...
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The Week Ahead Time To Worry About China
Goldman Sachs grabbed headlines with a long report proclaiming this to be a generational opportunity to buy stocks Here is a from Joe Weisenthal Several other top strategists are pretty bearish and Market Watch to explain why the markets will soon crash and what you should do about it By the end of the week the d...
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IPO Look Millennial Media
Based in Baltimore Maryland Millennial Media proposed MM scheduled a 102 million IPO with a market capitalization of 750 million at a price range mid point of 10 for Thursday March 29 2012 Managers Morgan Stanley Goldman Sachs Barclays CapitalMM is one of nine new IPOs scheduled for the week of March 26 ...
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Former Sec Chairman Arthur Levitt Goldman Should
Former SEC Chairman Arthur Levitt who serves as a senior policy advisor for Goldman Sachs spoke to Bloomberg TV s Erik Schatzker this morning on Inside Track Levitt said that Goldman should stop saying the firm puts customers first and that Lloyd Blankfein s future is determined really by what the business is o...
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Guess The Pundit
You are invited to play Guess the Pundit This is inspired by an old game show called Name that Tune While the format changed a bit over the years the idea was that you would hear a few notes and then guess the tune In some variations contestants could say I ll name that tune in X notes the fewer the better...
JPM
Bears Gain On The Bulls
Another Volatile Week With Little Progress Approaching A Bond Buying Opportunity Interesting Tidbits Sector Market Analysis 401k Plan Manager More Volatility Still No Movement Last week I discussed the issue of lot s of volatility with little movement stating The last couple of weeks have experienced a shar...
MS
Morgan Stanley cautious on Church Dwight
Shares of Church Dwight NYSE CHD are on watch after Morgan Stanley NYSE MS warns the consumer products stock traded at too high of a premium following the failed Kraft bid for Unilever LON ULVR The investment firm lowers Church Dwight to Underweight from Equalweight and clips the price target to 49 vs ...
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ValueAct trims stake in Morgan Stanley in first quarter
By Olivia Oran Reuters ValueAct Capital Management trimmed its stake in Morgan Stanley N MS by 9 million shares during the first quarter according to a U S regulatory filing That brings the hedge fund s total number of shares in Morgan Stanley down to 17 8 million according to the filing on Monday with the ...
MS
Time for pause on European cyclicals Morgan Stanley says
LONDON Reuters Morgan Stanley NYSE MS warned that richly valued European stocks closely geared to economic growth were set for a pull back as earnings momentum slows and macro tailwinds fade The broker cut its ratings on British engineering firm Bodycote L BOY and Swedish firm SKF ST SKFb to underweight...
JPM
JLL Q2 EPS missed consensus when stripping out extra income JPMorgan
If you exclude extra after tax income Jones Lang LaSalle JLL 8 8 Q2 EPS missed consensus estimate Bloomberg reports citing a note by JPMorgan NYSE JPM analyst Anthony Paolone Incentive fees and equity earnings account for a big part of the headline beat JPMorgan says Paolone also noted that EMEA results la...
JPM
BOJ lays some groundwork but still far from stimulus exit Reuters poll
By Kaori Kaneko TOKYO Reuters A third of economists polled by Reuters said the Bank of Japan s steps to make its policy more flexible suggest it is laying the groundwork for an eventual exit from its massive stimulus but most said it won t actually pull the trigger anytime soon The BOJ last week pledged to keep in...
JPM
AECOM announces 150M accelerated buyback
AECOM ACM 0 1 has entered into an accelerated share repurchase agreement with JPMorgan Chase NYSE JPM Bank to repurchase 15M of its common stock The transaction will enable the company to reduce its outstanding share count and reflects the initial repurchase under its previously announced 1B authorization by th...
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And They Think It s All Over
So Greece has been saved is that right Well according to ISDA the International Swaps and Derivatives Association a Restructuring Credit Event has occurred with respect to the Hellenic Republic which in the vernacular means the Greeks are bust tell us something we don t know The importance of this statement is...
MS
Financial Stocks Start Lower
Yesterday morning all of the leading financial stocks were struggling to catch a bid higher The Financial Select Sector SPDR ETF NYSEARCA XLF was trading lower by 0 05 cents to 14 85 a share Traders should watch for intra day support around the 14 75 and 14 60 levels The daily chart of the XLF remains in an u...
MS
How Easy Is This Fed
As we wait for the announcement from the FOMC the markets have been seeing a number of mixed signals from the Fed lately Josh Brown thinks that I think that Ben Bernanke has been incredibly activist and accommodative because of his and this Bernanke Fed isn t about to stop There are others who subscribe to my view...
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Italian Bureaucrats Learned Rate Swaps 101 at Harvard
Here we go again Confusion reigns supreme about Italy s so called derivatives bets on which Morgan Stanley collected some 2 6 billion euros Lets look at some media quotes Reuters Education Undersecretary Marco Rossi Doria made the announcement in answer to a parliamentary question after U S investment bank Morgan...
JPM
4 Strong Buy JP Morgan Mutual Funds For Impressive Returns
JPMorgan NYSE JPM is one of the best financial management companies in the world It has a legacy of investment management since 1865 Also JPMorgan is the eighth largest mutual fund firm in the U S and prides itself as the nation s leader in equity fund flows JPMorgan offers managed accounts and retirement produc...
JPM
Here s Why Shares Of Nevro Corp NVRO Jumped Today
Shares of Nevro Corp NYSE NVRO climbed 10 in midday trading Wednesday after the company reported preliminary sales numbers for the second quarter of fiscal year 2017 Nevro a medical device company that serves patients living with chronic pain said it expects to post revenues of 77 5 million to 78 0 million f...
JPM
Vantiv Buys Payments Giant Worldpay In 10 Billion Deal
Worldpay the U K s largest payment processing firm confirmed on Wednesday that it will be acquired by Vantiv NYSE VNTV a U S based payments company for 10 billion Vantiv is buying Worldpay for 3 85 per share Worldpay shareholders are entitled to 55 pence in cash for each Worldpay share and 0 0672 new Vanti...
JPM
Worldpay Macron Omics And PMIs
Data that suggests self sustaining economic growth in Europe was offset by unease in markets about North Korea and resulting tensions at the upcoming G20 summit It was typically nervy trading before the release of minutes from the latest Federal Reserve meeting Initial demand for safe havens like gold after North Kor...
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Los Angeles school district is top U S municipal bond sales next week
By Hilary Russ NEW YORK Reuters The Los Angeles Unified School District California s largest school district plans to sell nearly 1 1 billion of general obligation refunding bonds in the biggest U S municipal bond offering next week The debt backed by county property taxes will refund 2007 bonds that have Ju...
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Australian banks say to pass on 4 6 billion tax hit to customers shareholders
SYDNEY Reuters Australia s biggest banks will pass on the financial hit from a new A 6 2 billion 4 60 billion tax to their customers and shareholders the companies said on Monday in their first detailed responses to the surprise levy Commonwealth Bank of Australia CBA AX CBA the country s No 1 lender de...
MS
Cisco gets upgrade to Buy at Morgan Stanley on security driven trends
Cisco Systems NASDAQ CSCO is up 2 6 today amid a Morgan Stanley NYSE MS upgrade to Overweight ahead of earnings The company s set to take advantage of a paradigm shift to security defined networking says analyst James Faucette pointing to channel checks showing security sales pulling through equipment upgra...
JPM
China Stocks Are About to Get Cheaper Analysts Say
Bloomberg Chinese stocks haven t been this cheap relative to bonds in more than two years and analysts say they re about to get cheaper The equity selloff in the world s second largest economy has left the Shanghai Composite Index s earnings yield the inverse of the more commonly used price earnings ratio ...
JPM
Oil rises as renewed U S sanctions on Iran seen tightening supply
By Henning Gloystein SINGAPORE Reuters Oil prices rose on Tuesday with re introduced U S sanctions against major crude exporter Iran expected to tighten global supply Spot Brent crude oil futures were 74 17 per barrel at 0710 GMT up 42 cents or 0 6 percent from their last close U S West Texas Intermediate ...
JPM
U S job openings hover at record highs in June
WASHINGTON Reuters U S job openings held near record highs in June amid a modest decline in hiring pointing to further tightening labor market conditions which economists hope will soon spur faster wage growth The monthly Job Openings and Labor Turnover Survey or JOLTS released by the Labor Department on Tues...
JPM
JPMorgan Says Trump May Sell Dollars as Weapon in U S Trade War
Bloomberg With the U S waging a trade war on several fronts economists are starting to take seriously the idea that President Donald Trump could act on his preference for a weak dollar While not our base case scenario we cannot rule out a turn toward a more interventionist currency policy particularly since ...
MS
Moving Averages Month End Update
The S P 500 closed February with a gain of 4 06 from the January close All three index signals indicated an invested position See the specifics The Ivy Portfolio The table below shows the current 10 month simple moving average SMA signal for each of the five ETFs featured in I ve also included a table of 12 m...
MS
Why I Am Still Bullish Equities
As the stock market consolidates and the Dow flirts with the 13K level there have been some calls for an intermediate term top I remain bullish over the next few months for the following reasons The risk trade bull run remains intactPositive funds flow are buoying the markets Panic levels are still elevated Expert o...
MS
Promising Income Alternative Real Estate Private Equity in a Mutual Fund
Because real estate private equity funds typically require minimum investment between 5 and 20 million the option of investing in institutional quality real estate has been unavailable to individual investors However similarly to institutions individual investors are hard pressed to navigate between low yielding ...
MS
March 2012 December 2010
I wrote back on February 22 2012 to expect a period of consolidation and correction but the intermediate trend remained up Last week we saw the stock markets decline for 1 or more on Tuesday Since then equities have been flat There is no doubt that correction is here Which analog March 2011 or Dec 2010 At the...
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Nigeria s central bank head to meet MTN and banks over 8 1 billion repatriation row sources
By Alexis Akwagyiram and Didi Akinyelure LAGOS Reuters Nigeria s central bank governor is to meet representatives of telecommunications company MTN J MTNJ and banks on Tuesday to discuss a dispute over the repatriation of 8 1 billion two sources with direct knowledge of the matter said The dispute is over the ...
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Exclusive Citigroup may face fair lending penalty from regulator sources
By Patrick Rucker and Pete Schroeder WASHINGTON Reuters A U S financial regulator is mulling sanctions against Citigroup Inc N C for denying minority customers the kinds of mortgage discounts that the bank offered to many other borrowers three people familiar with the probe told Reuters While performing a re...
JPM
Market Survived Rough Few Days New Highs To Come Thank The Fed
by Chaim Siegel of Elazar Associates LLC After another scare on Tuesday that caused US indices to fall the market did it again It quickly brushed off losses to set up for another up leg today And today is going to be fun After yesterday s close the US Federal Reserve gave sweeping approvals for US banks to raise di...
JPM
Chart Of The Day Post Stress Test Here s How To Trade Citigroup
by Pinchas Cohen For the first time since the 2008 financial crisis all the big banks passed the Federal Reserve s annual stress test the measure of their financial health This boost to banks couldn t come at a better time as financial shares take off part of a sector rotation on the prospect of higher interest ra...
JPM
JP Morgan Insiders Dumping Shares As Bank Ups Buyback
After it was announced that the Fed gave the big banks a pass on their stress test the TBTFs announced huge dividend and share buyback plans If the banks had properly marked to market their Level 3 assets and some of their riskiest non Level 3 assets would they have still passed the Fed stress test which essenti...
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Vanguard CEO cites inherent conflict in paying brokerages to sell funds
NEW YORK Reuters Vanguard Group Chief Executive Officer Bill McNabb said on Thursday that Morgan Stanley NYSE MS had decided to stop selling its mutual funds because the largest U S brokerage by salesforce wants to be compensated for being on their platform in one way or another and that s something we just ...
MS
Australian banks lick wounds after tax hit investors brace for impact
By Jamie Freed and Jonathan Barrett SYDNEY Reuters Australia s big banks will likely swallow a surprise new A 6 2 billion 4 56 billion federal tax industry and political sources said on Wednesday given a lack of public support for an oligopoly that has reaped years of record profits The tax on liabilities un...
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Morgan Stanley pares U S recession view to 25 percent
NEW YORK Reuters Morgan Stanley NYSE MS economists said on Wednesday they reduced their estimate on the probability of a U S recession in the next 12 months to 25 percent from 30 percent due to signs of stronger global growth and a delay in U S tax reform A stronger global backdrop and the delayed promise ...
MS
Premarket analyst action healthcare
Ascendis Pharma NASDAQ ASND initiated with Overweight rating and 36 30 upside price target by JPMorgan NYSE JPM American Renal Associates NYSE ARA upgraded to Outperform by Wells Fargo NYSE WFC Albany Molecular Research NASDAQ AMRI downgraded to Equal Weight by Morgan Stanley NYSE MS Mazor Robotic...
JPM
Fed set to hold rates steady remain on track for more hikes
By Lindsay Dunsmuir WASHINGTON Reuters The Federal Reserve is expected to keep interest rates unchanged on Wednesday but solid economic growth combined with rising inflation are likely to keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise ra...
JPM
Trump could more than double his proposed tariffs on 200 billion of Chinese goods and China is preparing to strike back against US blackmail
The Trump administration is said to be ready to raise its proposed tariffs on 200 billion of Chinese goods Trump has threatened 10 tariffs on those goods but Bloomberg says he is expected to increase that to 25 The move is thought to be a negotiating tactic aimed at gaining important concessions from the Chinese ...
JPM
Wells Fargo finds efficiency target elusive as revenue slips
By Imani Moise Reuters With Wells Fargo Co s N WFC revenue slumping and no clear end in sight for sales scandal related costs analysts have pushed back predictions for when the bank s closely watched efficiency ratio will return to pre scandal levels The fourth largest U S bank booked hundreds of millions...
JPM
JPMorgan says it is a subject of SEC probe of ADR abuses
By David Henry NEW YORK Reuters JPMorgan Chase Co N JPM said on Wednesday it is among banks and securities dealers being investigated by the U S Securities and Exchange Commission for their handling of so called pre released American Depositary Receipts ADR between 2011 and 2015 The disclosure made in a ...
JPM
U S equity traders to receive bigger bonuses this year study
Reuters Equities traders on Wall Street are expected to take home bigger bonuses this year compared with their industry peers as a global rally in stocks shows little signs of slowing according to a report by compensation consulting firm Johnson Associates Bonuses may jump by up to 20 percent for employees in t...
JPM
Jamie Dimon Says JPMorgan Will Use Blockchain for a Whole Lot of Things
JPMorgan Chase s Jamie Dimon was bullish on blockchain tech but shied away from commenting on cryptocurrency saying fiat payment apps are the biggest potential disruption to our business in an interview published in the July August issue of the Harvard Business Review When asked about his company s chief competiti...
JPM
Jamie Dimon Warns of 5 Treasury Yields
Bloomberg Not content with a previous warning investors should brace for U S yields of 4 percent Jamie Dimon went one further at the weekend suggesting 5 percent was a distinct possibility The JPMorgan Chase Co NYSE JPM chief executive officer said Saturday people should be prepared to deal with the bench...
MS
Are We in a Period of Breakout or Consolidation
On Friday the Dow Jones Industrials Average staged an upside breakout to a new recovery high The move was confirmed by the large cap OEX but not by many other averages The S P 500 for example is still struggling with resistance The intermediate term trend however appears bullish as it is in a well defined uptre...
MS
Afternoon Rally Fizzles Late Snapping Four Day Advance
After Hours Closing Update Afternoon Rally Fizzles Late Snapping Four Day AdvanceStocks climbed off their mid day lows enough to carry the major U S market indices back within close range of positive territory on Wednesday but could not make the final push to extend their rally to a fifth session Stocks tracked by...
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Bitcoin Gains as Wall Street Backs Crypto Exchange
Investing com Cryptocurrencies made some gains on Thursday while a major U S brokerage firm announced it is backing a new virtual currency exchange Bitcoin rose 1 16 to 6 599 50 on the Bitfinex exchange as of 9 45 AM ET 13 45 GMT Cryptocurrencies overall were slightly higher with the coin market cap of total...
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Baker Hughes to Pay 550 Million for Stake in Adnoc Drilling
Bloomberg Baker Hughes the Houston based oilfield services business agreed to buy a 5 percent stake in Adnoc Drilling a deal that values the unit of government run Abu Dhabi National Oil Co at about 11 billion The investment marks the first time that an international partner takes a direct equity stake in an...
JPM
Implied Volatility Surging For J P Morgan JPM Stock Options
Investors in J P Morgan Chase Co NYSE JPM need to pay close attention to the stock based on moves in the options market lately That is because the June 30th 2017 77 Call had some of the highest implied volatility of all equity options today What is Implied Volatility Implied volatility shows how much movement...
MS
Duke Realty to sell medical office assets to HTA for 2 8 billion
Reuters U S real estate investment trust Duke Realty Corp N DRE said on Monday it would sell its medical office building assets to Healthcare Trust of America Inc N HTA an owner and operator of medical offices for 2 8 billion in cash The deal which also include Duke Realty s medical office operating and...
MS
Market overreacted to U S Steel s guidance cut Morgan Stanley says
Morgan Stanley NYSE MS is out in defense of U S Steel NYSE X saying last week s 25 plus drop and the roughly 1 6B market cap it shaved from the stock was overdone Last week s shellacking I II III implies X s the hit from the asset revitalization program could persist for a full four years and even grow so...
MS
Morgan Stanley lowers commissions on ETFs stocks in brokerage accounts
NEW YORK Reuters Morgan Stanley s wealth management business said on Monday it is lowering the commissions that brokers earn on stock trades exchange traded funds and annuities amid pressure to lower costs for clients Commissions for brokers are now capped at 2 5 percent of a trade the investment news website Ad...
MS
Sterling s election led bounce breaks developing spiral
By Jamie McGeever LONDON Reuters The lift to sterling given by the prospect of a snap British election next month has at least temporarily broken a vicious circle of rapidly rising inflation that threatened to further undermine the economy and paint the central bank into a corner The currency s steep fall since ...
JPM
U S business spending on equipment strong trade deficit widens
By Lucia Mutikani WASHINGTON Reuters New orders for key U S made capital goods increased more than expected in June and shipments surged pointing to solid growth in business spending on equipment in the second quarter Expectations of robust economic growth in the April June period were however tempered somewha...
JPM
JPMorgan to liquidate BANK ONE Capital III
JPMorgan NYSE JPM says BANK ONE Capital III will be liquidated on Sept 10 2018 Bank One Capital III 8 750 preferred securities and 8 750 common securities will be cancelled The 8 750 junior subordinated deferrable interest debentures due Sept 1 2030 will be distributed pro rata to holders of the trust preferre...
JPM
Indian billionaire Anil Agarwal s moves on Anglo
By Barbara Lewis LONDON Reuters Billionaire Anil Agarwal in July said he planned to offer around 1 billion to take London listed Vedanta Resources Plc L VED private a move that has rekindled speculation his ultimate aim is a deal with miner Anglo American L AAL Agarwal s Volcan family trust has until Jul...
JPM
U S pending home sales rise supply constraints remain
By Lucia Mutikani WASHINGTON Reuters Contracts to buy previously owned homes unexpectedly rose in June after two straight monthly declines but the housing market remains hobbled by a dearth of properties available for sale The National Association of Realtors said on Monday its Pending Home Sales Index based on ...
MS
Greece is Not Lehman 2 0 It s Far Far Worse
Investors simply do not understand the significance of Greece Comparisons are being made to Lehman but these comparisons are moot for the following reason Greece is a country not a private institution This is not a subtle difference True Lehman s derivatives were spread throughout the global financial system just ...
MS
U S Stocks Surge Over Bullish Economic Data Reduced Expectations of Greek Default
After Hours U S Stocks Surge Over Bullish Economic Data Reduced Expectations of Greek Default4 09 PM Feb 16 2012 After a dismal outlook in the pre market session U S stocks surged Thursday with the Dow closing up more than 100 points boosted by improving sentiment over Greece s debt crisis and a four year ...
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Citigroup plans to grow offshore booking center in UAE executive
By Tom Arnold and Davide Barbuscia DUBAI Reuters Citigroup N C plans to boost the United Arab Emirates role as an offshore booking center and is working towards a full banking license in Saudi Arabia helping to propel its regional growth a senior executive told Reuters Growth in the Middle East and Africa r...
JPM
Oil To keep Falling
The oil price is treading water today failing to find a direction with some analysts believing that the recent down trend will continue on the back of bigger output from the US Oil is now down 20 percent since the start of the year and not even extended production cuts agreed to by Opec and Non Opec members such as ...
JPM
6 New Hot ETFs Of First Half 2017
Thanks to the rise in thematic investing and craze for smart beta the ETF industry is seeing explosive growth in terms of both AUM and launches After 246 launches last year the industry has seen 101 launches so far in the first half of 2017 taking the total number of ETFs to 2 041 and total assets to nearly 3 ...
JPM
The Zacks Analyst Blog Highlights Principal Active Global Dividend Income ETF PowerShares Treasury Collateral Portfolio Franklin LibertyQ US Equity ETF IQ Chaikin U S Small Cap ETF And JPMorgan Global Bond Opportunities ETF
For Immediate Release Chicago IL June 27 2017 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Principal Active Global Divi...
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GameStop hopes to ride Nintendo Switch wave
GameStop GME 1 1 announces that it received a limited supply of Nintendo Switch systems available immediately for customers The units are only available at the company s stores It s perfect timing to have additional Nintendo Switch units arrive just days before the launch of Mario Kart 8 Deluxe one of the bigge...
MS
BOJ most upbeat on economy in nine years but warns stimulus exit distant
By Leika Kihara TOKYO Reuters The Bank of Japan offered its most optimistic assessment of the economy in nine years at its policy meeting on Thursday and described recent weakness in inflation as temporary signaling confidence a sustained recovery will help achieve its ambitious price target The BOJ kept its poli...
MS
Buying overseas Chinese conglomerates leverage offshore assets for financing
By Julie Zhu HONG KONG Reuters Chinese conglomerates still eager to snap up assets abroad are rushing to raise money offshore in order to get around capital outflow curbs that have made it much tougher for Chinese bidders to complete outbound mergers and acquisitions Acquisitive Chinese conglomerates including...
MS
Deutsche Bank to name von Moltke as new CFO source
FRANKFURT Reuters Deutsche Bank DE DBKGn is expected to name James von Moltke as new finance chief replacing Marcus Schenck who is taking on a role as co head of the investment bank a source close to the matter said on Friday Deutsche Bank declined to comment Von Moltke will join Germany s flagship lender...
JPM
Ecuador economy on right track but reform follow through is key
By Rodrigo Campos NEW YORK Reuters Ecuador s recent turn toward a more market friendly economic policies has lifted investor sentiment toward the Andean country but follow through beyond fiscal discipline will be key in order for the positive market reaction to continue investors and analysts said Ecuador s stoc...
JPM
Oil Demand Outlook Clouded by Emerging Economies Currency Pain
Bloomberg Being an emerging market economy can be tough when oil prices surge and your currency crumbles While Brent crude the global benchmark has advanced 11 percent this year in dollar terms it s gone up by multiples of that in Russian rubles Brazilian reais and Turkish lira to name just a few That leave...
JPM
No Dodging The Oil Bullet as Emerging Economies Risk Demand Hit
Bloomberg Being an emerging market economy can be tough when oil prices surge and your currency crumbles While Brent crude the global benchmark has advanced 11 percent this year in dollar terms it s gone up by multiples of that in Russian rubles Brazilian reais and Turkish lira to name just a few That leave...
JPM
Israeli rate outlook clouded by uncertainty over next central bank chief
By Steven Scheer JERUSALEM Reuters Israeli central bank governor Karnit Flug s decision to step down in November has added to doubts in local financial markets over whether the bank s heavily dovish policy committee will raise interest rates by the end of 2018 Even before Flug said she would not serve a second ter...
MS
Market and Charts Review
Time to review some charts as the last momos try squeezing out the last percentage gain in this prolonged Santa rally Full chartology below Eurostoxx 50 Trapped in a big wedge Eurostoxx 50 with the VIX at the bottom red Dow and daily volume bars The trend is unfortunately lower volumes We are currently trading at ...
MS
Successful Debt Auctions in Spain and Italy Lift Euro
EquitiesAsian markets traded mostly lower despite a report from China which showed inflation fell to 4 1 its lowest level in 15 months The Shanghai Composite eased fractionally settling at 2275 Hong Kong s Hang Send slid 3 rhe Nikkei lost 7 and the ASX 200 edged down 2 Bucking the downtrend South Korea ...
MS
S P Due to Downgrade Several European Countries
EquitiesThe week closed on an up note in Asia as the region s markets traded mostly higher The Nikkei rallied 1 4 to 8500 the Kospi gained 6 and the ASX 200 rose 4 In greater China the Hang Seng edged up 6 while the Shanghai Composite fell 1 3 following the release of a report which revealed a drop in ...
MS
European Markets Shrug Off S P Downgrades
EquitiesOver the weekend S P downgraded the debt ratings of 9 out of 17 euro zone countries sending Asian markets lower on Monday The Nikkei sank 1 4 to 8378 as the Euro Yen EURJPY fell to 97 22 its lowest level in more than a decade hurting exporters In Korea the Kospi shed 9 and Australia s ASX 200 drop...
MS
There s Value in Russia s Future and Russian Companies
As Americans ponder the merits of Obama vs Gingrich Paul Romney or Santorum Russia will be electing its own president on March 4 Perhaps we should say re electing since it s almost certain former president and current prime minster Vladimir Putin will be elected While protests and vocal opposition likely won t ...
MS
What Linsanity Means for MSG s Stock Price
The Overview It s not every day that the athletic prowess of a single person propels an entire company s shares to record highs Then again its not every day that a Jeremy Lin comes by Jeremy Lin now the starting point guard for the New York Knicks has reinvigorated the New York Knicks franchise He was an instrume...
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Hong Kong Banks Cast Pall Over Property by Raising Rates
Bloomberg Hong Kong banks began closing the chapter on a decade of ultra low borrowing costs casting a pall over a property rally that made the city one of the world s most expensive places to buy a home HSBC Holdings Plc LON HSBA Standard Chartered LON STAN Plc and Hang Seng Bank Ltd boosted their bes...
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U S factory activity slows construction spending edges up
By Lucia Mutikani WASHINGTON Reuters A measure of U S factory activity retreated from a more than 14 year high in September as growth in new orders slowed but supply bottlenecks appeared to be easing suggesting a steady pace of expansion in manufacturing Other data on Monday showed a small increase in construct...
JPM
Oil Spill Sends Stocks And Yields Lower Dollar Steady
Wednesday June 21 Five things the markets are talking about With the lack of fundamentals on offer this week and central banks confiding FX moves to technical range trading investors continue to feed off scraps looking for price vindication Global stocks remain on the back foot pressured mostly by crude oil tumblin...
JPM
Strong Outperformance From Focused Global Fund
JPMorgan NYSE JPM Global Growth Income JPGI is a 50 90 stock portfolio of global equities chosen by manager Jeroen Huysinga from the output of a rigorous valuation based investment process developed by J P Morgan Asset Management JPMAM After a long period where investors were focused on defensive growth sto...