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JPM
Strong euro leads big bond buyers into government debt rethink
By Abhinav Ramnarayan and Saikat Chatterjee LONDON Reuters The euro s double digit gains this year are prompting some of the world s biggest money managers to view European government debt more favourably just as the central bank is planning to withdraw its support from the bond market Euro zone government bond yi...
JPM
Brazil inflation hits fresh 18 year low fuels rate cut bets
By Bruno Federowski SAO PAULO Reuters A smaller than expected rise in Brazil s consumer prices in mid August pushed inflation to a new 18 year low keeping the central bank on track to cut interest rates aggressively The IPCA 15 consumer price index rose 2 68 percent in the 12 months through mid August below the...
JPM
Risk of sharp currency moves drives investors into hedged ETFs
By Helen Reid Saikat Chatterjee and Trevor Hunnicutt LONDON NEW YORK Reuters Investors have been piling into currency hedged equity tracker funds seeking protection against big moves in foreign exchange rates Typically foreign investors buy un hedged equities since share prices are usually negatively correlated ...
JPM
U S goods trade deficit widens in July retail inventories fall
WASHINGTON Reuters The U S goods trade deficit increased in July as exports fell suggesting that trade would make a modest contribution to economic growth in the third quarter The Commerce Department said on Monday the goods trade gap increased 1 7 percent to 65 1 billion last month Exports declined 1 3 percen...
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Top 5 Things to Know In the Market on Friday
Here are the top five things you need to know in financial markets on Friday October 14 1 Yellen in the spotlight for clues on Fed rate hike Federal Reserve Fed chair Janet Yellen could provide clues on her current stance for the future timing of the next rate hike later in the session Yellen is scheduled to deli...
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U S futures rise with bank earnings consumer data and Yellen in focus
Investing com Wall Street futures pointed to a higher open on Friday as upbeat price data out in China lifted investor sentiment and market participants reacted to JP Morgan s earnings report ahead of results from Wells Fargo and Citi and waited for economic data as well as an appearance from Federal Reserve Fed ...
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Citigroup revenue and profit fall less than expected in Q3
Investing com Shares in Citigroup NYSE C in pre market trade on Friday after reporting third quarter earnings that were better than feared Citigroup said earnings per share came in at 1 24 in the three months ended September 30 down from 1 31 a share a year earlier but above expectations for earnings of 1 16...
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Citigroup Q3 EPS 1 24 vs estimate 1 16
Investing com Citigroup NYSE C third quarter earnings beat estimates Citi on Friday report Q3 EPS of 1 24 vs estimate of 1 16 year earlier 1 35 Revenues 17 8 bn vs estimate of 17 27 bn year earlier 18 7 bn Citi shares up 1 16 at 49 01 in pre market trade
JPM
Growth Rate Of Forward Estimates Highest Since January 2012
Per ThomsonReuter s This Week in Earnings the forward 4 quarter S P 500 earnings estimate rose 0 11 this week to 117 81 versus the 117 70 from last week The P E ratio on the forward estimate is now 15 3 x The earnings yield is 6 5 The growth rate of the forward 4 quarter estimate rose to 7 78 the highest...
JPM
JP Morgan Chase The Foreign Corrupt Practice Act And The Corruption Of
The Justice Department has just obtained showing that Wall Street s biggest bank has been hiring the children of China s ruling elite in order to secure existing and potential business opportunities from Chinese government run companies You all know I have always been a big believer of the Sons and Daughters pr...
JPM
Volcker Rule Will It Curb Banks Risk Taking Behavior
Yesterday the long awaited Volcker Rule one of the hottest section of Dodd Frank Act got the final votes from five regulators Federal Reserve the Federal Deposit Insurance Corp the Office of the Comptroller of the Currency SEC and the Commodity Futures Trading Commission Since many US banks have such a big f...
JPM
Volcker Rule May Cause Transparency In Precious Metals Market
If regulators strike the right balance in imposing the so called Volcker Rule that limits bank proprietary trading precious metals markets could see greater transparency according to one on Wednesday Large scale proprietary trades by major banks may have manipulated gold prices exerting significant downward pressur...
JPM
Betting Against S P 500 Earnings In 2014 Will Be The Wrong Bet
Per ThomsonReuter s This Week in Earnings the forward 4 quarter estimate for the S P 500 rose 0 03 this week to 117 84 from 117 81 The S P 500 P E ratio on the forward estimate is 15 x The PEG ratio S P 500 P E to growth ratio is now 1 88 x as of 12 13 13 the lowest PEG ratio since March 2012 The earnings...
JPM
Secular Bull Markets Led By Earnings Growth P E Expansion
Per ThomsonReuter s This Week in Earnings the forward 4 quarter earnings estimate for the S P 500 fell slightly to 117 65 from 117 84 The forward P E ratio is now 15 5 x The PEG ratio rose slightly last week to 1 93 x from last week s 2013 low of 1 88 x The PEG range in 2013 has been 3 70 x in late May to l...
JPM
Weekend Links Of Some Gravitas
One of the best tweets of the week from Josh Brown naturally who linkedHarvard study noting that for individual investors returns are extrapolative Explained another way years ago by a fellow contributor to TheStreet com Gary Dvorchak individual or retail investors tend to be trend followers while instituti...
JPM
Solta Medical Agrees To Be Acquired By Valeant Another Bid Might Emerge
On Monday December 16th Valeant Pharmaceuticals VRX submitted what for the time being is the winning bid to acquire Solta Medical Inc SLTM For some time now we have been predicting that Solta would be acquired before the end of this year Before that we successfully predicted that Obagi Medical devices woul...
MS
European stocks sharply higher in subdued trade Dax rallies 1 25
Investing com European stocks were sharply higher in subdued trade on Tuesday as investors were eyeing the release of U S economic reports later in the day During European morning trade the EURO STOXX 50 surged 1 34 France s CAC 40 gained 1 32 while Germany s DAX 30 rallied 1 25 Investors still remained ...
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European stocks remain sharply higher on ECB comments Dax up 1 14
Investing com European stocks were sharply higher in subdued trade on Tuesday following comments by two European Central Bank officials while investors eyed the release of U S economic reports later in the day During European morning trade the EURO STOXX 50 rallied 1 36 France s CAC 40 surged 1 38 while Ger...
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U S futures lower amid Fed fears Dow Jones down 0 51
Investing com U S stock futures pointed to a lower open on Wednesday as the previous day s upbeat U S data added to speculation the Federal Reserve could soon scale back its stimulus program Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 51 drop S P 500 futures signaled a 0 58 decli...
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European stocks edge higher ahead of ECB BoE statements Dax up 0 01
Investing com European stocks edged higher on Thursday as markets awaited the European Central Bank and the Bank of England s policy statements later in the day During European morning trade the EURO STOXX 50 added 0 12 France s CAC 40 rose 0 17 while Germany s DAX 30 inched up 0 01 The ECB was not widely ...
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European stocks hold gains eyes on ECB Dax up 0 18
Investing com European stocks held gains on Thursday despite disappointing German data as markets awaited the European Central Bank and the Bank of England s policy statements later in the day During European afternoon trade the EURO STOXX 50 climbed 0 43 France s CAC 40 gained 0 40 while Germany s DAX 30 add...
JPM
SEC drops case against ex JPMorgan traders over London Whale
By Jonathan Stempel NEW YORK Reuters The top U S securities regulator on Friday dropped its civil lawsuit accusing two former JPMorgan Chase Co N JPM traders of trying to hide some of the bank s 6 2 billion of losses tied to the 2012 London Whale scandal The decision by the U S Securities and Exchange Com...
JPM
JPMorgan pledges up to 2 million to fight racism support human rights
By David Henry NEW YORK Reuters JPMorgan Chase Co N JPM said on Monday it will contribute up to 2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville Virginia that led to violence and the death of a protester The sum includes 500 000 each to the Souther...
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Citi sells Argentinian consumer unit a day after Brazil sale
Reuters Citigroup N C agreed to sell its consumer business in Argentina to Banco Santander Rio BA RIO for an undisclosed amount a day after it sold some of its Brazilian retail banking assets to Ita Unibanco Holding SA SA ITUB4 The U S bank had said earlier in the year that it plans to exit retail banki...
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Citi s UK chief says timing of Brexit contingency plans now key dilemma
LONDON Reuters The UK head of U S bank Citi N C said on Tuesday that the main question facing the finance industry now is when to enact contingency planning after Britain voted to leave the European Union The big question now is timing James Bardrick UK Country Officer for Citi which has 9 000 UK employee...
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Wells Fargo faces costly overhaul of bankrupt sales culture
By Dan Freed and E Scott Reckard Reuters Embroiled in a scandal over unauthorized customer accounts Wells Fargo Co N WFC faces a steep challenge in overhauling its hard charging sales culture without gutting profits Until recently Wells staffers labored under ambitious quotas while executives boasted to W...
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Oil Set To Rebound
The Oil price has finally settled in today s trading after a week of heavy losses on the back of profit taking and some say that the price may once again head higher Following a solid month of gains investors decided to cash in on the higher prices which has driven the oil price down almost 10 percent After the stee...
JPM
Gold And Silver Vaults Are Booming In Asia
Gold and Silver Vaults are Booming in Asia For the better part of the last century Switzerland has been a sanctuary for high net worth capital Today however the rich are choosing a different destination to stash their wealth Asia Gold silver and collectibles are pouring into Singapore Hong Kong and Shanghai j...
JPM
Why CME Waited 5 Years To Apply A Disclaimer To The Comex Report
The information in this report is taken from sources believed to be reliable however the Commodity Exchange Inc disclaims all liability whatsoever with regard to its accuracy or completeness This report is produced for information purposes only CME legal disclaimer placed on the Comex daily gold and silver ware...
JPM
JP Morgan Confirms 4 5bn Mortgage Settlements
A further major settlement has been confirmed by JP Morgan JPM which is continuing to settle up with investors and other companies in the wake of the mortgage securities scandal The US bank has announced it is now going to pay 4 5 billion 2 8 billion to the investors who lost money as a result JP Morgan spokes...
JPM
Record Settlement For JP Morgan
JP Morgan JPM has announced it is set to pay a record settlement to regulators in the US after it misled investors during the housing crisis The bank stated that it will pay 13 billion 8 billion which is the biggest ever settlement between a corporation and the government We are pleased to have concluded this...
JPM
Hard To Believe But Gold s Still In A Bull Market
In case anyone is wondering the long term bull for gold remains intact However it sure doesn t feel like it The daily trend is down the weekly trend is down and the monthly trend is down So how can the long term bull remain intact It is based on the long term uptrend line from the 2001 lows near 250 Thus far ...
JPM
Three Signs To Look For Before Buying Gold ETF s Again
Almost every trading day someone asks me if they should buy gold Personally I own physical gold and silver bullion since 2004 But if you are trading gold ETF s you may want to wait before jumping on board at this time As you all know gold topped out in September 2011 at 1923 70 an ounce Ironically the same wee...
JPM
A Bull Bear Outline For The Unilife Debate
In our previous article on Unilife UNIS published on November 27th 2013 we predicted that UNIS would probably break 100 in YTD gains After the company announced on December 2nd that a clinical supply agreement had been reached with Novartis NVS a huge rally occurred in UNIS common stock and it was more t...
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Morgan Stanley Q1 adjusted EPS USD0 61 beats expectations
Investing com Wall Street investment bank Morgan Stanley reported better than expected first quarter earnings ahead of Thursday s opening bell sending its shares higher in pre market trade Earlier in the day in its first quarter earnings report Morgan Stanley said adjusted earnings per share came in at USD0 61 ab...
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Silver futures plunge 3 after China PMI Morgan Stanley downgrade
Investing com Silver futures fell sharply during European morning hours on Tuesday re approaching a 30 month low after data showed that manufacturing activity in China expanded at a slower rate in April underlining concerns over a slowdown in industrial demand for the metal Silver prices also struggled due to a str...
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Silver futures trim gains after dismal German IFO data
Investing com Silver futures trimmed gains during European morning hours on Wednesday coming off the highest levels of the session after data showed that German business confidence in April weakened to a four month low On the Comex division of the New York Mercantile Exchange silver futures for May delivery traded ...
JPM
Corvex warns of proxy fight with Energen after raising stake
By Michael Flaherty and Yashaswini Swamynathan Reuters Corvex Management threatened a proxy battle against Energen Corp if the U S oil and gas producer did not agree to add the activist investor s nominees to its board Corvex already the biggest shareholder in Energen said in a filing disclosed on Monday tha...
JPM
JPMorgan launches new algo driven dark pool for stocks
By John McCrank NEW YORK Reuters JPMorgan Chase Co NYSE JPM has begun trading on a new private stock trading venue or dark pool that lets its clients use the bank s algorithms to buy or sell stocks at a benchmark price reached over a period of time Trading in the new dark pool known as JPBX began the wee...
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Supreme Court to weigh reach of insider trading law
By Nate Raymond NEW YORK Reuters The U S Supreme Court is set to consider this week a closely watched insider trading case that could limit the ability of prosecutors to pursue such charges against hedge fund managers and other traders The eight justices who open their 2016 17 term on Monday will hear arguments...
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Deutsche Bank races against time to reach U S settlement
By Georgina Prodhan Kathrin Jones and Lawrence Delevingne FRANKFURT Reuters Deutsche Bank DE DBKGn is throwing its energies into reaching a settlement before next month s presidential election with U S authorities demanding a fine of up to 14 billion for mis selling mortgage backed securities The threat of ...
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U S election rate outlook to curb Wall Street gains this year Reuters poll
By Caroline Valetkevitch NEW YORK Reuters Uncertainty surrounding the U S presidential election expectations for higher interest rates and weak corporate earnings will keep U S stocks from advancing much in the fourth quarter according to strategists in a Reuters poll The benchmark S P 500 index SPX will end...
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Citi to invest more than 1 billion in Mexico unit
Reuters Citigroup Inc N C said on Tuesday it would invest more than 1 billion in its Mexico unit Banco Nacional De M xico which will be known as Citibanamex The investments which will be completed by 2020 are in addition to the more than 1 5 billion Citi committed to invest in the bank in September 2014 ...
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U S top court leans toward making insider trading prosecutions easier
By Nate Raymond WASHINGTON Reuters U S Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they were likely to make it easier for prosecutors to pursue such charges against traders but questioned where to draw the line The appeal by Bassam Salman an Illinois man convict...
JPM
Another Settlement For JP Morgan
JP Morgan has confirmed it has agreed to pay the largest ever settlement by a US bank The company will pay the Federal Housing Finance Agency FHFA 5 1 billion 3 2 billion after it was charged with misleading firms such as Fannie Mae and Freddie Mac during the housing boom in the US before the recession struck ...
JPM
REIT Industry Review And Stock Picks October November 2013
REIT as an Asset Class A Real Estate Investment Trust REIT is a company that owns and manages income producing real estate such as apartments offices hotels industrial or other facilities Such companies also invest in mortgages or mortgage backed securities attached with properties REIT shareholders enjoy owners...
JPM
Will The Zombie Apocalypse End The Real Estate Recovery
We covered the investment wisdom of phantoms yesterday Today we re moving on to vampires and zombies And no this isn t some spoof in honor of Halloween It s totally legit Well respected financial research firms swear that a legion of zombies and vampires a couple hundred thousand strong threaten to suck the ...
JPM
Time To Buy This Precious Metal ETF
The precious metal space has been under pressure for much of 2013 as safe haven assets were shunned in favor of high growth products Hopes of Fed tapering had further put pressure on precious metals as the dollar continued to gain strength However the Fed decision of No Taper for now once again bought life back to...
JPM
Stockholm Syndrome And The Precious Metals Price Discovery
The level of fraud in the financial system with utter lack of prosecution or accountability combined with the ongoing love affair between the largest offenders and collective mainstream results in financial media being a victim of the so called Stockholm syndrome From Wikipedia Stockholm syndrome can be seen as a for...
JPM
For Once U S Traders Focus On Economy Not The Fed
Stocks turned back initial declines that followed a better than expected jobs report for October that some view as increasing the odds of a Fed taper Investors instead embraced another batch of strong earnings as good news lifting the U S markets to a higher close Nearly all industry sectors in the S P 500 ended in...
JPM
The Fed And Rising Interest Rates
Charts created using Omega TradeStation 2000i Chart data supplied by Dial Data What is one to make of the fact that in the US the Ten year Treasury note has gone from 1 40 in July 2012 to 2 76 today That is an increase of just under 100 in a little over a year The Government of Canada 10 year benchmark bond has n...
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European stocks decline after data Fitch downgrade Dax down 0 15
Investing com European stocks declined on Monday as market sentiment weakened after the release of disappointing data from France and Germany and after Fitch ratings agency downgraded Italy s credit rating During European morning trade the EURO STOXX 50 retreated 0 49 France s CAC 40 shed 0 33 while Germany s...
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European stocks mixed to lower after data Fitch Dax down 0 26
Investing com European stocks were mixed to lower on Monday as market sentiment weakened after the release of disappointing data from France and Germany and after Fitch ratings agency downgraded Italy s credit rating During European afternoon trade the EURO STOXX 50 retreated 0 71 France s CAC 40 shed 0 41 wh...
JPM
LGI Homes beats by 0 13 beats on revenue
LGI Homes NASDAQ LGIH Q2 EPS of 1 39 beats by 0 13 Revenue of 324 18M 45 6 Y Y beats by 6 54M Press ReleaseNow read
JPM
U S job openings at record high labor market tightening
By Lucia Mutikani WASHINGTON Reuters U S job openings jumped to a record high in June outpacing hiring the latest indication that companies are having trouble finding qualified workers The monthly Job Openings and Labor Turnover Survey or JOLTS released by the Labor Department on Tuesday also underscored labo...
JPM
U S drops charges in another high profile Wall Street case
By Jonathan Stempel NEW YORK Reuters U S prosecutors on Tuesday dropped their criminal case accusing Benjamin Wey of running a fraudulent stock manipulation scheme after a federal judge threw out much of the evidence they hoped to use against the financier The dismissal was the government s second surrender in t...
JPM
U S productivity rises in second quarter keeps labor costs in check
By Lucia Mutikani WASHINGTON Reuters U S productivity grew more than expected in the second quarter as hours worked rose at their fastest pace in 1 1 2 years leading to a modest increase in labor costs that could keep inflation muted in the near term The trend in productivity however remains weak suggesting ...
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Ukraine reform push would pave way to support from new U S president Pritzker
By Matthias Williams KIEV Reuters Ukraine should ramp up economic and anti corruption reforms to pave the way for continued support from whoever wins the U S presidential election U S Secretary of Commerce Penny Pritzker said on a visit to Kiev on Thursday While acknowledging the progress Kiev s Western backed ...
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Citi equities executive Bitton leaves firm
By Olivia Oran Reuters Michael Bitton the global head of delta one and head of North American prime finance at Citigroup Inc N C has left the firm according to a person familiar with the matter Bitton who joined Citi in 2012 from UniCredit departed Citi in June the person said A spokesman for Citi decli...
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Deutsche lifted by CEO letter settlement report
By Andreas Kr ner and Maiya Keidan FRANKFURT LONDON Reuters A report that Deutsche Bank DE DBKGn was close to a cut price settlement with U S authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remained stable Deutsche w...
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Citigroup s Bullish Breakout
Since its 2007 high Citigroup NYSE C is much lower in price But now the stock is trying to breakout from a bullish pattern During the past few months Citi appears to have created another bullish ascending triangle which more often than not results in an upside breakout As mentioned Citi looks to have formed ...
JPM
Investors Flock To The Yen As A Safe Haven
With the October 17 deadline only days away investors looked to the yen for a safety net Asian stocks fell and US share index futures dropped on Monday morning following failed budget negotiations over the weekend Democrats and Republicans in Washington have reopened discussions about the automatic spending cuts set...
JPM
Why JP Morgan Gladly Gave The Government 13 Billion
I was trained to think macro Not in the sense of investing from a macro perspective but to think about how the world works from a macro perspective instead of focusing on the disturbances amongst the trend You re going to see a lot of headlines this week about all of the horrible things J P Morgan Chase Co JPM ...
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European stocks remain lower as growth worries persist Dax down 0 33
Investing com European stocks remained lower on Wednesday as concerns over the worsening of the euro zone s debt crisis and over the outlook for global economic growth continued to dampened market sentiment During European afternoon trade the EURO STOXX 50 dropped 0 54 France s CAC 40 fell 0 29 while Germany s...
JPM
U S orders JPMorgan Chase to pay 4 6 million over checking account reports
By Lisa Lambert WASHINGTON Reuters The U S Consumer Financial Protection Bureau said on Wednesday it had ordered JPMorgan Chase Co NYSE JPM to pay 4 6 million for allegedly failing to make sure it reported accurate information for checking account screening reports Similar to credit reports the screenings p...
JPM
Hertz Avis stock soar as JPMorgan initiates coverage
Investing com Hertz Global Holdings Inc NYSE HTZ and Avis Budget Group Inc NASDAQ CAR two companies whose share values have been deteriorating experienced some welcome upside Friday afternoon as JPMorgan initiated coverage of the sector In initiating coverage JPMorgan NYSE JPM analysts said the headwind...
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Column Can insider trading case at SCOTUS help Leon Cooperman
By Alison Frankel NEW YORK Reuters On Oct 5 the U S Supreme Court will hear oral arguments on a question that has created considerable confusion in lower courts When the government claims a corporate outsider has profited from trading illegally on inside information what must it prove about the motive of the i...
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U S judge tells CFTC he won t rubber stamp Deutsche Bank deal
By Nate Raymond NEW YORK Reuters A federal judge has ordered the U S Commodity Futures Trading Commission to justify why a settlement with Deutsche Bank AG DE DBKGn in a case over the bank s handling of swap reporting is fair and in the public interest U S District Judge William Pauley in Manhattan said in a...
JPM
Tuesday s Stocks In Review
Stocks were mixed again Tuesday as the S P 500 fell for the fourth straight session What looked like a promising intraday reversal petered out in the last hour as stocks sold off quite sharply erasing decent gains The S P 500 fell 0 26 while the NASDAQ gained 0 08 Financials continue to be an issue as the Wall Str...
JPM
JPM s Head And Shoulders Should Scare You
JPMorgan Chase Co JPM has a wicked head and shoulder pattern on the daily And while it has not yet triggered you should be very scared if and when it does And So It GoesJPMorgan is and has been a leading indicator for the market regardless of the lawsuits it s been dealing with Throughout history where ...
JPM
US Fed CFTC to Make Goldman Sachs Give Up Physical Commodities
Banker bashing it seems is still very much in political vogue Not that we would be defenders of ex merchant banks activities in the metals markets we have no reservations in holding our position that the build up of massive LME aluminum inventory in the stock and finance trade has distorted the market to the det...
JPM
Bad Week For JP Morgan And Friends
Ongoing travails for JP Morgan JPM and other members of the financial sector yield opportunities for investors There was no shortage of speculation concerning the matters discussed in a secret meeting held on Thursday morning between United States Attorney General Eric Holder and JP Morgan Chase CEO Jamie Dimon Be...
JPM
JPM s Faltering Head And Shoulders Pattern
Couple of things to note on the JP Morgan JPM chart HUGE head and shoulders pattern in place but needs to clear 49 70 to confirm Downward ascending trend line is broken off of the July highs Could negate the H S pattern Right now the head and shoulders pattern may be compromised especially if price can get over ...
JPM
Expect More Stock Market Declines
I predict more stock market declines on Monday considering the current state of affairs in Congress Stock markets will likely decline on Monday due to the current political impasse in Congress Stock markets last week were a mixed bag with the S P 500 SPY losing 07 the Dow Jones Industrial Average DIA losing ...
JPM
Greg McCoach Keep The Best Dump The Rest
Greg McCoach publisher of Mining Speculator newsletter is not ashamed to admit he has taken a big hit in juniors in the last couple of years What he has done in response is what he advises all investors to do in this interview with The Gold Report Get rid of the also rans and keep and build positions in those compa...
JPM
JP Morgan Confirms Q3 Loss
JP Morgan Chase JPM has confirmed it made a loss in the third quarter in its latest financial data The bank revealed that it lost 380 million 273 million during the quarter which is compared with a profit of 5 7 billion in the same period last year It was noted that one of the reasons for the loss was the 92...
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Natural gas futures Weekly outlook October 15 19
Investing com Natural gas futures ended Friday s session largely unchanged near the highest level since December 2011 as market players continued to monitor weather forecasts to gauge the strength of early Autumn heating demand On the New York Mercantile Exchange natural gas futures for delivery in November settl...
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Softs futures Coffee sugar gain on technical buying
Investing com U S soft futures were mostly higher during U S morning trade on Monday with coffee and sugar prices climbing on the back of a bout of technical buying amid speculation prices may have bottomed Some fund related buying also provided support Wall Street investment bank Morgan Stanley said in a report ...
JPM
Iraq in market to raise 1 billion first standalone bond in over decade
By Davide Barbuscia DUBAI Reuters Iraq started marketing a 1 billion bond on Wednesday its first international debt issuance as a standalone credit since 2006 and an attempt to put decades of turmoil behind it With huge oil reserves behind it the bond was seeking to tempt emerging market investors with alluring...
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Solid U S consumer spending boosts prospect of Fed rate hike
By Lucia Mutikani WASHINGTON Reuters U S consumer spending increased for a fourth straight month in July amid strong demand for automobiles pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year Monday s report from the Commerce Department came s...
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India s economy seen losing steam in June quarter
By Manoj Kumar NEW DELHI Reuters India will release data later on Wednesday that is expected to show economic growth slowed in the June quarter and despite having one of the world s fastest growth rates it means millions of unemployed Indians will face an even longer line for a job Having got up to 7 9 percent in...
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Deutsche Bank calls for reform of global financial messaging system SWIFT
FRANKFURT Reuters Deutsche Bank DE DBKGn is calling for a reform of SWIFT the global financial messaging system which has faced criticism since February s 81 million heist at Bangladesh Bank Germany s flagship lender which the International Monetary Fund has branded as the world s systemically most risky b...
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Citi sees Russia business pick up as crisis abates
By Alexander Winning and Katya Golubkova MOSCOW Reuters U S bank Citi N C is seeing business pick up in Russia as the country s economic crisis abates and is staying as engaged as it can given Western sanctions its Russia head said Marc Luet who is also Citi s head for Ukraine and Kazakhstan said his bank ha...
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August is Record Month for Chinese Aluminum Trading
This morning in metals news August has been a record month for aluminum trading in China Japanese steelmakers shares are down and Chinese steel showed signs of recovery Thursday Big Month For Aluminum Trading In China According to Bloomberg even with time to spare August has already been the heaviest month of alum...
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3 Reasons To Dump Small Cap ETFs Now
U S small cap stocks have persistently underperformed the large caps this year and finally ended up registering their biggest weekly drop in a year and a half in the week ended August 11 2017 as per an article published on From a year to date look small cap fund iShares Russell 2000 ETF is up about 0 9 this y...
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Speculators Just Love The Aluminum Story
The abrupt rise in the aluminum price this month has caught many by surprise Aluminum had been trading sideways for much of this year Although the market was rife with rumors that China intended to close smelter capacity that was not carrying the required permits and approvals most treated the prospect that such cur...
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Dividend Growth Portfolio August 2017 Performance And Outlook
August was an unusual month We had escalating nuclear tensions with North Korea and a storm Hurricane Harvey that will likely go down in history as the costliest natural disaster in U S history once the damages are tallied Yet perhaps shockingly the stock market remained surprisingly quiet Volatility ticked up ...
JPM
The Difference Between Risk And Fear
Understanding risk is the most important part of investing Distinguishing risk from fear is a crucial to this knowledge In my regular commentary I emphasize the difference in time frames between traders and investors The trader is making a short term forecast booking gains and losses on an hourly daily or weekly b...
JPM
Trade Idea For The Week Of September 9 2013 JPM
Here is your Bonus Idea with links to the full Top Ten JP Morgan Ticker JPMJP Morgan JPM completed a bearish Shark Harmonic and retraced the full move before bouncing Now back at the 100 day Simple Moving Average SMA it has support for more upside from a rising Relative Strength Index RSI and Moving Average ...
JPM
Will Australian Resource Firms Be The Big Winners From China s Rebound
Goldman Sachs GS recently raised its outlook for the People s Republic of China due to its improving international trade posture As a result financial markets around the world rose Rebounding strongly was the natural resouces sector in Australia with BHP Billiton BHP and Alumina AWC both up almost 5 for the w...
JPM
JPMorgan Moves Into Resistance Stock To Fall Back
JPMorgan Chase JPM has risen substantially in the past week The stock has pushed higher from approximately 50 to 54 in just the past seven trading days While many are starting to hop on the bullish bandwagon once again warnings signs are everywhere Note the chart below The stock is into major resistance and co...
JPM
Trillion Dollar Student Loan Fiasco to Force Our Next Debt Crisis
Last week I wrote about how auto loans have reached their highest level since the third quarter of 2007 and how easy access to these loans was pushing car sales higher Yes ballooning auto loans are a problem but there is a bigger ticking debt time bomb Student debt in the U S economy is taking the shape of a bubble...
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European stocks mixed eyes on German ruling DAX up 0 25
Investing com European stocks were mixed on Wednesday as markets were jittery ahead of a highly anticipated German court ruling later in the day while hopes for imminent easing measures by the Federal Reserve continued to support sentiment During European morning trade the EURO STOXX 50 added 0 27 France s CAC 4...
JPM
Wall Street braces for end of Snap share lockup
By Noel Randewich SAN FRANCISCO Reuters A flood of Snap Inc NYSE SNAP shares held back since the Snapchat owner s initial public offering could start to trade freely next week pressuring a stock that has already plunged far below its debut price Starting on Monday and extending into August early investors e...
JPM
Investors stick with macro funds hope for volatility comeback
By Maiya Keidan LONDON Reuters Lack of volatility in financial markets that has hit macro hedge funds in the first half of the year has not stopped some investors from betting that things could get bumpier in the second half Money poured into many macro hedge funds in 2016 and early 2017 hoping to profit from ma...
JPM
U S pending home sales rise Midwest factory activity slows
By Lucia Mutikani WASHINGTON Reuters Contracts to buy previously owned U S homes rebounded in June after three straight monthly declines but the housing market remained constrained by a shortage of properties available for sale Other data on Monday showed that factory activity in the Midwest slowed this month a...
JPM
Snap ends down slightly in brisk trade on lockup expiry
By Sinead Carew NEW YORK Reuters Shares of Snap Inc N SNAP owner of the Snapchat messaging app had their busiest trading day in two and a half months in a volatile session on Monday as early investors could sell their shares for the first time since its March market debut The stock pared losses to close dow...
JPM
JPMorgan upgrades pair of airline stocks
JPMorgan NYSE JPM tackles a pair of airline stocks in a new note posted this morning The firm upgrades Spirit Airlines to Overweight from Neutral after watching shares fall sharply in what it sees as an exaggerated move The new price target on SAVE is 45 JP upgrades American Airlines Group NASDAQ AAL to Overw...
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Dollar edges off lows after Fed s Dudley raises bets on rate hike
By Sam Forgione NEW YORK Reuters The U S dollar hit its lowest levels in more than seven weeks against the euro yen and Swiss franc on Tuesday a day after dovish comments from a top Federal Reserve official but pared losses after remarks from the head of the New York Fed raised expectations for a rate hike this ...
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Special Report Not so SWIFT Bank messaging system slow to address weak points
By Tom Bergin LA HULPE Belgium Reuters More than a dozen current and former board directors and senior managers of SWIFT the bank messaging system that helps transmit billions of dollars around the world every day have told Reuters the organization for years suspected there were weaknesses in the way smaller ban...