Markets and Economy
Two senior Samsung Group executives offer to resign: Yonhap
Fri, 24 Feb 2017 05:37:16 +0000
SEOUL (Reuters) - Two senior Samsung Group [SAGR.UL] executives have offered to resign to take responsibility for the conglomerate's involvement in the graft scandal involving South Korean President Park Geun-hye, Yonhap news agency said on Friday, without citing sources.
Singapore Industrial Production Climbs Less Than Forecast
Fri, 24 Feb 2017 05:33:06 +0000
Singapore's industrial production increased at a slower-than-expected pace in January, figures from the Economic Development Board showed Friday.
Toshiba says not aware Westinghouse considering Chapter 11 filing
Fri, 24 Feb 2017 05:17:32 +0000
TOKYO (Reuters) - Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering seeking protection from creditors, an option analysts say could put the entire TVs-to-construction conglomerate at risk if exercised now.
South Korea Consumer Confidence Improves In February
Fri, 24 Feb 2017 04:50:23 +0000
South Korea's consumer confidence strengthened for the first time in four months in February, figures from Bank of Korea showed Friday.
Taiwan Jobless Rate Rises Unexpectedly In January
Fri, 24 Feb 2017 03:52:54 +0000
Taiwan's unemployment rate increased unexpectedly at the start of the year, though slightly, the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Friday.
Asian shares slip from 1-1/2-year high, Trump's yuan remarks in focus
Fri, 24 Feb 2017 03:34:29 +0000
TOKYO (Reuters) - Asian shares took a breather on Friday, slipping from 1-1/2-year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington's stance on tax and currency policies.
Early Uber investors call on company to change 'destructive culture'
Fri, 24 Feb 2017 00:57:00 +0000
SAN FRANCISCO (Reuters) - Early investors in Uber Technologies Inc [UBER.UL] wrote to the ride-hailing company on Thursday to criticize it for failing to end a toxic culture of harassment.
Uber secures third-party insurance coverage in bid to be legalized in Hong Kong
Fri, 24 Feb 2017 00:44:00 +0000
Ride-hailing firm Uber has moved a little closer to its destination of being legalized in Hong Kong, the SCMP reports.
Alphabet's self-driving car unit sues Uber with trade theft charge
Fri, 24 Feb 2017 00:42:47 +0000
SAN FRANCISCO (Reuters) - Alphabet Inc's Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology.
Game company seeks to block Facebook from using virtual reality code
Fri, 24 Feb 2017 00:23:23 +0000
(Reuters) - Video game publisher ZeniMax Media Inc., which earlier this month won a $500 million verdict against Facebook Inc.’s Oculus virtual reality unit for unauthorized copying of computer code, has asked a federal judge to block Oculus from using the code in its products.
Tesla's 'close to the edge' cash foretells capital raise
Fri, 24 Feb 2017 00:02:58 +0000
SAN FRANCISCO (Reuters) - Tesla Inc Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch.
Exclusive: Trump calls Chinese 'grand champions' of currency manipulation
Thu, 23 Feb 2017 23:55:52 +0000
WASHINGTON (Reuters) - President Donald Trump declared China the "grand champions" of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing's foreign exchange practices.
Charmed by U.S. tax plans, investors buy stock, bond funds
Thu, 23 Feb 2017 23:51:18 +0000
NEW YORK (Reuters) - Investors are showing increasing comfort wading into the markets, lavishing cash on U.S.-based stock and corporate bond funds in the latest week, Lipper data showed on Thursday.
Read this now: Bannon at CPAC | Little Tikes recall | Social media and stress
Thu, 23 Feb 2017 23:46:00 +0000
Here are some of the key stories CNBC is following this hour.
AIG sees uncertainty in 'too-big-to-fail' label for insurers: filing
Thu, 23 Feb 2017 23:27:16 +0000
(Reuters) - Insurance giant American International Group sees "considerable uncertainty" about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent...
SEC will not appeal ruling preventing certain retroactive penalties
Thu, 23 Feb 2017 23:20:43 +0000
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has decided not to appeal a court ruling that limited its ability to punish bad actors for misconduct that predated the 2010...
Singapore Industrial Production On Tap For Friday
Thu, 23 Feb 2017 22:29:37 +0000
Singapore will on Friday release January figures for industrial production, highlighting a light day for Asia-Pacific economic activity.
Boston Beer tumbles on disappointing outlook, CEO calls out 'softening' craft sector
Thu, 23 Feb 2017 22:19:00 +0000
Shares of craft brewer Boston Beer slipped 5 percent after a disappointing outlook and continued weakness in key brands.
2 Dividend Aristocrats Trading At A Discount
Thu, 23 Feb 2017 22:08:33 +0000

Although the S&P 500 closed slightly lower Thursday, the index is still near its all time high as investors continue to enjoy an 8-year bull market.

However, many equity analysts remain cautious as stocks appear to be trading at inflated multiples. Goldman Sachs even went on record saying that they believe the U.S. bull market is in its last few innings.

But what is an enterprising investor to do with that information£ It’s too costly to sit on the sideline, especially while the Trump trade rally is showing no sign of slowing. So where should investors look£ One safe bet is to look at members of the S&P 500 Dividend Aristocrats ETF (BATS:NOBL). This ETF consists of a select group of 52 S&P 500 stocks with 25+ years of consecutive dividend increases. Investors can count on these dividends to potentially help offset losses from any type of market pullback...when it happens.

However, there's little ...

Full story available on Benzinga.com

Benzinga's Option Alert Recap From February 23
Thu, 23 Feb 2017 21:54:02 +0000

Benzinga Pro provides its subscribers with real-time alerts of potentially market-moving options activity.

Here's a recap of the options alerts from Thursday, February 23, 2017. All time stamps are in Eastern Time.

  • 6:00:15pm: GOOG Alphabet Jun 900 Puts: 1000 @ ASK $76.60: 1000 traded vs 318 OI: Earnings 4/20 After Close (est) $830.42 Ref
  • 5:49:24pm: NKE Nike Feb 24th 58.0 Puts Sweep: 1621 @ ASK $0.70: 4994 traded vs 372 OI: Earnings 3/21 After Close (est) $57.44 Ref
  • 5:36:36pm: DLTR Dollar Tree Mar 75.0 Puts Sweep: 1000 @ ASK $2.40: 1019 traded vs 945 OI: Earnings 3/1 Before Open $77.45 Ref
  • 5:30:48pm: AVP Avon Jan18 3.0 Puts Sweep: 1000 @ ASK $0.40: 1000 traded vs 25k OI: Earnings 5/4 Before Open (est) $4.28 Ref
  • 5:11:58pm: P Pandora Jun 14.0 Calls Sweep: 2445 @ ASK $1.00: 2447 traded vs 2572 OI: Earnings 4/27 After Close (est) $13.17 Ref
  • 5:10:09pm: WFM Whole Foods Mar 31.0 Calls Sweep: 700 @ ASK $0.92: 1033 traded vs 4502 OI: Earnings 5/3 After Close (est) $31.26 Ref
  • 4:34:49pm: M Macy's Mar 3rd 34.0 Calls: 981 @ ASK $0.34: 1146 traded vs 4174 OI: Earnings 5/11 Before Open (est) $32.96 Ref
  • 4:21:50pm: P Pandora Mar ...

Full story available on Benzinga.com

Orchid Island Capital, Inc. Announces At-the-Market Program
Thu, 23 Feb 2017 21:47:36 +0000

VERO BEACH, Fla., Feb. 23, 2017 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) announced today that it has filed a prospectus supplement under which it may from time to time sell up to $125 million of shares of its common stock through an at-the-market program.  The shares of common stock may be offered through Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE:LTS), and MUFG Securities Americas Inc., as sales agents.  

Sales are anticipated to be made primarily in transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange. Sales also may be made in negotiated transactions. The Company intends to add the net proceeds from sales of the shares of common stock under the program to its general corporate funds, which it may use for new investments in accordance with its investment policy in place at the time of such sales, to repay indebtedness or other general corporate purposes.

The shares of common stock sold under the program will be offered under ...

Full story available on Benzinga.com

Trump will need more than a tax reform to increase GDP, former Biden adviser says
Thu, 23 Feb 2017 21:43:00 +0000
The idea of the Trump administration getting GDP back to 2 to 3 percent growth this year is "just fairy dust," a former Biden adviser says.
Trump again vows to bring back U.S. jobs, but offers few details
Thu, 23 Feb 2017 21:33:37 +0000
WASHINGTON (Reuters) - President Donald Trump told chief executives of major U.S. companies on Thursday he plans to bring millions of jobs back to the United States, but offered no specific plan on how to reverse a decades-long decline in factory jobs.
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Thu, 23 Feb 2017 21:26:00 +0000
Here are some of the key stories CNBC is following this hour.
How Store Counts Of America's Biggest Retailers Changed Since 2007
Thu, 23 Feb 2017 21:17:09 +0000

Online retailing has sounded the death knell for the brick-and-mortar operations of many big box retailers, so much so that the latter category has jumped into the bandwagon of online selling. That said, online sales of big box retailers account only for a very small proportion of their total sales.

As they stake claim to their piece of online pie, these companies are increasingly diverting their investment into launching them online with a fair degree of success. In the process, they are trimming their physical presence. Additionally, to shore up margins, the retailers are closing down underperforming stores.

Against the backdrop, have the store count of big box retailers gone ...

Full story available on Benzinga.com

Buffett expected to tout passive investing in Berkshire annual letter
Thu, 23 Feb 2017 21:03:24 +0000
NEW YORK (Reuters) - Warren Buffett, widely considered one of the world's best investors, is likely to tout the merits of passive investing this weekend to readers of his annual letter to Berkshire...
Buffett expected to tout passive investing in Berkshire annual letter
Thu, 23 Feb 2017 21:03:24 +0000
NEW YORK (Reuters) - Warren Buffett, widely considered one of the world's best investors, is likely to tout the merits of passive investing this weekend to readers of his annual letter to Berkshire Hathaway Inc shareholders.
A Quality ETF That Delivers
Thu, 23 Feb 2017 20:48:53 +0000

The quality factor has long been a favored investment factor and one that is now readily accessible by investors of all skill levels via exchange traded funds.

While different issuers of exchange-traded funds may have varying definitions for quality, hallmarks of this widely studied factor include high return on equity, consistent earnings growth, low debt, robust return on assets and, in many cases, steadily rising dividends.

Sights On SPHQ

The PowerShares S&P 500 Quality Portfolio (NYSE: SPHQ) is an example of one of the ETFs dedicated to the quality factor. Illustrating the point that quality stocks are still in style, SPHQ has recently been making a series of record highs.

The $1.19 billion SPHQ, which came to market in late 2005, follows the S&P 500 Quality Index. ...

Full story available on Benzinga.com

Saudi Aramco Might Not Be Worth Anywhere Near $2 Trillion
Thu, 23 Feb 2017 20:28:02 +0000

Saudi Aramco, the Saudi Arabian government-owned oil company, is considered the world's most valuable company with estimates ranging in the trillions of dollars with most recent estimates coming in at around $2 trillion. But as the oil giant is prepping for a historic initial public offering, the reality may come as a shock to the Saudi kingdom.

According to a Bloomberg report, some analysts are saying Saudi Aramco's true valuation could fall in the hundreds of billions of dollars. The company has never divulged its financial information before but is opening up its books as part of ...

Full story available on Benzinga.com

Welcome To Trumpville: The Market In 1929 And Now
Thu, 23 Feb 2017 20:10:51 +0000

Sentiment has been mixed on the prolonged and ongoing bull market, as well as the recent rally investors have been experiencing since November, with some commentary dubbing it the most hated rally in history. Taking umbrage with that distinction, Mark Yusko, founder and chief investment officer of Morgan Creek Capital, appeared on Wednesday's edition of Benzinga's PreMarket Prep morning show to quell that narrative and discuss how rampant trader optimism from Donald Trump's election win might portend a historical and catastrophic fall-out for the bull market.

#2000.2.0

"This is not the most hated rally, that's just crazy," Yusko said. "Mutual fund cash is at an all-time low, individual exposure to financial assets is at an all-time high, every sentiment indicator is nearly off the chart on bullishness, the number of bears is near the record lows. I'm just calling B-S."

Yusko was unequivocal about the hard number sentiment of the bull market, which has persisted for about seven years. However, Yusko was also clear that no rally is indefinite.

Related Link: How Would George Washington's Economic Policy Compare To Trump's£

Prior to the election, Yusko researched precedent bull markets and recognized some alarming similarities between the social and political circumstances surrounding the ensuing market downturns. He identified specific parallels between the current rally and the one which traders experienced in the late '90s.

He referred to the correlations as #2000.2.0, 2000 two-point-oh.

"I started [...] with this construct that I called #2000.2.0," Yusko said. "It really looked to me like we were ...

Full story available on Benzinga.com

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Thu, 23 Feb 2017 20:04:00 +0000
Here are some of the key stories CNBC is following this hour.
Mid-Afternoon Market Update: Dow Gains Over 50 Points; L Brands Shares Drop On Weak Forecast
Thu, 23 Feb 2017 20:03:35 +0000

Toward the end of trading Thursday, the Dow traded up 0.26 percent to 20,829.68 while the NASDAQ declined 0.41 percent to 5,836.78. The S&P also rose, gaining 0.12 percent to 2,365.56.

Leading and Lagging Sectors

Non-cyclical consumer goods & services shares climbed by 0.85 percent in trading on Thursday. Meanwhile, top gainers in the sector included GNC Holdings Inc (NYSE: GNC), and PharMerica Corporation (NYSE: PMC).

In trading on Thursday, basic materials shares fell by 1.33 percent. Meanwhile, top losers in the sector included Handy & Harman Ltd (NYSE: HNH), down 11 percent, and Tredegar Corporation (NYSE: TG), down 12 percent.

Top Headline

Hormel Foods Corp (NYSE: HRL) reported weaker-than-expected earnings for its first quarter and lowered its forecast.

Hormel Foods posted Q1 earnings of $0.44 per share on revenue of $2.3 billion. However, analysts were expecting earnings of $0.45 per share ...

Full story available on Benzinga.com

As Stocks Soar, Short Sellers Retreat From ETFs
Thu, 23 Feb 2017 19:57:19 +0000

Exchange-traded funds serve myriads of uses in the world of financial markets and that includes providing another avenue for short sellers. In fact, increased adoption of ETFs has been a boon to professional short sellers.

ETFs often feature lower borrow fees than single stocks. It is easy for market makers to create new shares in many ETFs to lend to bearish traders and with some ETFs now ranking among the most heavily traded securities in the United States, short sellers have liquidity on their side, depending on the ETF in question.

The Typical Appeal Of Shorting ETFs

“ETFs have long been a favorite vehicle for short sellers, not only because they are easy to borrow — market makers can always create more shares when demand is sufficient — but also because they allow investors to easily express a negative view on a particular asset class or sector without taking on single-stock risk,” ...

Full story available on Benzinga.com

Bank ETFs Could Disappoint
Thu, 23 Feb 2017 19:24:41 +0000

When it comes to sector-level bets on rising interest rates, many investors believe the best place to go is to financial services. Indeed, the second-largest sector weight in the S&P 500 is home to some industries that are positively correlated to rising Treasury yields. Insurance providers and regional banks come to mind.

Data suggest investors are comfortable betting financial services stocks and exchange-traded funds will positively respond to the Federal Reserve's efforts to boost interest rates this year. For example, the Financial Select Sector SPDR Fund (NYSE: XLF), the largest financial services ETF, has gathered $1.27 billion in new assets this year, good for one of the best totals among all ...

Full story available on Benzinga.com

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Thu, 23 Feb 2017 19:15:00 +0000
Here are some of the key stories CNBC is following this hour.
Stock Index Futures Mixed
Thu, 23 Feb 2017 19:08:15 +0000

March SP500 is trading at 2361.75, up 0.75

March Nasdaq 100 is trading at 5329.25, down 21.75.

March Russell 2000 is trading ...

Full story available on Benzinga.com

USDA Daily Cattle Slaughter; Live Cattle Futures Little Higher
Thu, 23 Feb 2017 19:04:32 +0000

Thursday's USDA cattle slaughter was 114,000 head versus 109,000 head a year ago.

April ...

Full story available on Benzinga.com

USDA Daily Hog Slaughter; Lean Hog Futures Move Down
Thu, 23 Feb 2017 19:02:56 +0000

Thursday's USDA hog slaughter was 443,000 head versus 388,000 head a year ago.

April lean ...

Full story available on Benzinga.com

U.S. Steel: Trump Giveth And Taketh Away
Thu, 23 Feb 2017 18:40:26 +0000

United States Steel Corporation (NYSE: X) shares are trading lower by $4.00 at $36.59 in Thursday's session. The issue, which has been one of best-performing stocks since President Donald Trump was elected, has nearly doubled from its closing price on November 9 ($20.96), to its highest close for the rally on Tuesday at $41.57.

The rally was based on Trump initiating huge improvements in his proposed budget for 2017, which should ...

Full story available on Benzinga.com

USD/CAD Trading Lower Ahead of Data
Thu, 23 Feb 2017 18:31:46 +0000

USD/CAD is trading at 1.3114, down 0.0051.

The pair is trading choppy and a little above the session lows during afternoon forex trading in the U.S.

Market chatter about recent comments from Canadian and U.S. policy makers ...

Full story available on Benzinga.com

Read this now: Kellyanne is back | French students protest | Eat more fruits, veggies
Thu, 23 Feb 2017 17:07:00 +0000
Here are some of the key stories CNBC is following this hour.
Fatter company profits may extend emerging equity rally
Thu, 23 Feb 2017 16:45:21 +0000
LONDON (Reuters) - Emerging market equities have a spring in their step as an upswing in company profits extends a year-long 40 percent rally in the sector and allows investors to look past the...
Conservative activists refuse to believe Trump is spending more on travel than Obama
Thu, 23 Feb 2017 16:33:00 +0000
Outrage over Obama's travel expenses became a major talking point in right-wing circles, Vox reports.
Engaged Capital seeks Rent-A-Center board change in push for company's sale
Thu, 23 Feb 2017 16:27:48 +0000
(Reuters) - Activist investment fund Engaged Capital LLC on Thursday nominated five members for election to Rent-A-Center Inc's board, stepping up its efforts to push the furniture retailer to sell...
Ivanka Trump visits center for minority-owned businesses
Thu, 23 Feb 2017 16:23:00 +0000
Ivanka Trump is learning more about economic policy as she takes on a more visible role in and around Washington.
NYSE plans trial run for Snap IPO
Thu, 23 Feb 2017 16:16:00 +0000
The exchange said it would offer a "weekend production testing opportunity" on Feb. 25 for firms to "exercise their IPO trading logic."
California drought continues to shrink as flooding becomes the new crisis
Thu, 23 Feb 2017 15:56:00 +0000
After years of extreme drought, Southern California is now completely free of the worst of it.
Digesting Fed Minutes: Vague Language Keeps Market Participants Guessing
Thu, 23 Feb 2017 15:41:40 +0000

Many market participants seem focused on yesterday’s Fed minutes. But to get a picture of how the economy is doing, it may make more sense to look at an earnings report also announced Wednesday.
Though it’s important not to generate too many conclusions from one earnings report, luxury homebuilder Toll Brothers Inc (NYSE: TOL) posted strong results that are worth a mention. The housing sector has been really robust lately, and the company’s results appear to offer more evidence of that. Arguably, the strength in home sales illustrated by TOL’s earnings may say as much or more about the economy than the Fed minutes did.

Stocks look flat early Thursday after the Dow Jones Industrial Average ($DJI) closed at a record for the 28th time since the election. It looks like the market is still digesting yesterday’s Fed minutes, and there’s not much data on today’s plate.

“Fairly soon.” That’s the Fed’s prediction for the timing of the next rate hike, according to Fed meeting minutes. How soon is “fairly£” In some ways, the minutes might have made the tealeaves a little harder to read, and it seems like we’ve gone back to those days of trying to make sense of rather ambiguous terms. The main takeaway seems to be that things haven’t really changed that much, at least judging by the market’s reaction to the minutes, which wasn’t too dramatic.

Arguably the best way to judge what “fairly soon” means is to simply do what investors typically do, which is monitor Fed funds futures. Chances of ...

Full story available on Benzinga.com

Digesting Fed Minutes: Vague Language Keeps Market Participants Guessing
Thu, 23 Feb 2017 15:41:40 +0000

Many market participants seem focused on yesterday’s Fed minutes. But to get a picture of how the economy is doing, it may make more sense to look at an earnings report also announced Wednesday.
Though it’s important not to generate too many conclusions from one earnings report, luxury homebuilder Toll Brothers Inc (NYSE: TOL) posted strong results that are worth a mention. The housing sector has been really robust lately, and the company’s results appear to offer more evidence of that. Arguably, the strength in home sales illustrated by TOL’s earnings may say as much or more about the economy than the Fed minutes did.

Stocks look flat early Thursday after the Dow Jones Industrial Average ($DJI) closed at a record for the 28th time since the election. It looks like the market is still digesting yesterday’s Fed minutes, and there’s not much data on today’s plate.

“Fairly soon.” That’s the Fed’s prediction for the timing of the next rate hike, according to Fed meeting minutes. How soon is “fairly£” In some ways, the minutes might have made the tealeaves a little harder to read, and it seems like we’ve gone back to those days of trying to make sense of rather ambiguous terms. The main takeaway seems to be that things haven’t really changed that much, at least judging by the market’s reaction to the minutes, which wasn’t too dramatic.

Arguably the best way to judge what “fairly soon” means is to simply do what investors typically do, which is monitor Fed funds futures. Chances of ...

Full story available on Benzinga.com

This start-up is trying to hack the human brain—but neuroscience has a long way to go
Thu, 23 Feb 2017 15:30:00 +0000
The Kernel founder will need far more resources to attain his cyborg vision, so he's laying the groundwork, Verge reports.
Nobel-winning economist Kenneth Arrow dies at 95
Thu, 23 Feb 2017 15:21:00 +0000
Arrow died Tuesday at his home in Palo Alto, in the San Francisco Bay Area, according to his son, David Arrow.
Mnuchin Stays Vague On Fannie And Freddie In New Interviews
Thu, 23 Feb 2017 15:06:24 +0000

On Thursday morning, Treasury Secretary Steven Mnuchin had his first sit-down interviews with Fox Business (Twenty-First Century Fox Inc (NASDAQ: FOXA)) and CNBC since his confirmation. One of the hot-button topics that Mnuchin discussed is the fate of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC). Shares of the two government-sponsored enterprises (GSEs) are down roughly 30 percent this week after an appeals court upheld a 2014 ruling that shareholders may not sue over the legality of the government’s net-worth sweep.

Vague On Fannie And Freddie

The ruling may leave the fate of Fannie Mae and Freddie Mac ...

Full story available on Benzinga.com

California expects surge in hydropower but that could be bad news for these power companies
Thu, 23 Feb 2017 14:50:00 +0000
California expects to see surge in hydropower but that could be negative for some independent power producers.
Analyst on Telsa: 'Are you generating real returns on capital£'
Thu, 23 Feb 2017 14:49:00 +0000
Tesla still needs to grow its fundamentals and earnings power, Oppenheimer senior analyst Colin Rusch says.
US jobless claims up, four-week average lowest since 1973
Thu, 23 Feb 2017 14:46:00 +0000
The number of Americans filing for benefits rose slightly more than expected, but the four-week average of claims pointed to a strengthening labor market.
U.S. Weekly Jobless Claims Rise To 244,000
Thu, 23 Feb 2017 14:02:17 +0000
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended February 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 244,000, an increase of 6,000 from the previous week's revised level of 238,000.
Upward Momentum May Lead To Early Strength On Wall Street
Thu, 23 Feb 2017 13:54:50 +0000
The major U.S. index futures are pointing to a higher opening on Thursday following the lackluster performance seen in the previous session. The markets may benefit from recent upward momentum, which has helped propel the major averages to new record highs. Buying interest may be somewhat subdued, however, as political uncertainty could keep some traders on the sidelines.
ECB's Praet Sees Need For Examining Rising Inflation Impact In Near Future
Thu, 23 Feb 2017 13:44:53 +0000
Policymakers would have to study the impact of the factors behind the recent inflation surge, going forward, European Central Bank Executive Board member Peter Praet said Thursday.
Trump tax plan needs greater focus: Analyst
Thu, 23 Feb 2017 13:44:00 +0000
One analyst has warned that the new U.S. President is pushing hardest on policies that could shrink the U.S. economy.
Retail sector has best boardroom diversity: Report
Thu, 23 Feb 2017 13:39:00 +0000
Board composition is being scrutinised by investors and some industries are lagging behind, according to a new report.
U.S. Weekly Jobless Claims Show Modest Increase
Thu, 23 Feb 2017 13:36:31 +0000
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended February 18th, according to a report released by the Labor Department on Thursday.
Global Oleochemicals Market will reach USD 26.8 Billion in 2022: Zion Market Research
Thu, 23 Feb 2017 13:36:14 +0000

Sarasota, FL, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Oleochemicals Market (Fatty acid, Fatty alcohol, Glycerin, and Others) for Personal Care & Pharmaceutical, Food & Beverages, Soaps & Detergents, Polymers, and Other Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022". According to the report, global oleochemicals market was valued at USD 18.6 billion in 2016, is expected to reach USD 26.8 billion in 2022 and is anticipated to grow at a CAGR of 6.3% between 2017 and 2022.

Oleochemicals are the chemicals derived from natural oils and fats from animals and plants. The oleochemicals are analogous to the petrochemicals derived from petroleum. Oleochemicals have the potential to replace a significant portion of petrochemicals, as these chemicals are derived from the renewable resources and are eco-friendly. Additionally, oleochemicals have various favorable properties, such as useful biological properties, emulsifying properties, and excellent surface activity.

Browse through 29 Market Tables and 36 Figures spread through 110 Pages and in-depth TOC on "Global Oleochemicals Market: By Product, Application, Type, Size, Share, Analysis, Segment and Forecast 2016 – 2022".

Request Free Sample copy of Oleochemicals Market Report @ https://www.zionmarketresearch.com/sample/oleochemicals-market

Oleochemicals are used in a variety of applications such as manufacturing soaps & detergents, personal care products, cosmetics, lubricants, and also used in pharmaceuticals; and food and beverages. Hence, growing demand from end-user industries fuel the oleochemicals market. Furthermore, demand for environment-friendly products drives global oleochemicals market in the forecast period. However, volatility in feedstock prices may negatively impact the oleochemicals market in future. Moreover, increased preference for green substitutes is expected to provide new avenues to the market. 

The global oleochemicals market is segmented on the basis of product, application, and geography. The products in this market include fatty acids, fatty alcohols, glycerin, and others. In 2016, the fatty ...

Full story available on Benzinga.com

Mnuchin walked back a key piece of Trump's tax plan, CNBC's Robert Frank says—Larry Kudlow disagrees
Thu, 23 Feb 2017 13:32:00 +0000
CNBC's Robert Frank says Trump's plan will likely give tax breaks to the wealthy. Larry Kudlow sees it differently.
ECB's Praet Says Recent Bouts Of Uncertainty Pose Downside Risk
Thu, 23 Feb 2017 12:53:26 +0000
Political uncertainty have been rising recently though asset markets are not significantly pricing in tail risks, European Central Bank Executive Board Member Peter Praet said Thursday.
Treasury Secretary Mnuchin: We're committed to 'very significant' tax reform by August recess
Thu, 23 Feb 2017 12:14:00 +0000
The Trump administration appointee said he is "primarily focused on middle-class" tax cuts.
Why living longer should not lead to retirement benefit cuts
Thu, 23 Feb 2017 12:06:57 +0000
CHICAGO (Reuters) - When you hear a politician start a sentence with the phrase "We’re all living longer," grab your wallet. You are about to be told that Social Security or Medicare benefits should...
German Growth Improves On Spending; Consumer Sentiment To Fall
Thu, 23 Feb 2017 11:31:58 +0000
Germany's economic growth accelerated, as initially estimated in the fourth quarter on robust domestic demand. However, a consumer confidence survey signaled a slowdown in spending this year as rising inflation and changes in the U.S. administration weigh on income and economic expectations. Gross domestic product grew 0.4 percent sequentially in the fourth quarter.
UK Retail Sales Rebound In February: CBI
Thu, 23 Feb 2017 11:28:07 +0000
UK retail sales volume expanded in February reversing prior month's fall, the latest Distributive Trades Survey from the Confederation of British Industry showed Thursday.
Trump to seek jobs advice from firms that offshore US work
Thu, 23 Feb 2017 10:42:00 +0000
Donald Trump will seek job-creation advice from at least five companies that are laying off thousands of workers as they shift production abroad.
British Exporters' Confidence Strengthens Ahead Of 'Brexit': Survey
Thu, 23 Feb 2017 10:29:22 +0000
U.K. exporters are upbeat regarding turnover growth and profitability in coming months despite the uncertainty posed by 'Brexit', results of a survey by the British Chambers of Commerce and the logistics services provider DHL showed Thursday.
Economic Data Scheduled For Thursday
Thu, 23 Feb 2017 10:16:51 +0000
  • Data on initial jobless claims for the latest week is schedule for release at 8:30 a.m. ET.
  • The Chicago Fed National Activity Index for January will be released at 8:30 a.m. ET.
  • Atlanta Federal Reserve Bank President Dennis Lockhart is set to speak Atlanta, GA at 8:35 a.m. ...

Full story available on Benzinga.com

Hope to resolve Greek crisis by the next Eurogroup: Dombrovskis
Thu, 23 Feb 2017 08:58:00 +0000
Valdis Dombrovskis, vice president of the European Commission, discusses Brexit negotiations, the Greek debt crisis and the upcoming French election.
The rise of populism£ Such is life: Spanish economy minister
Thu, 23 Feb 2017 08:36:00 +0000
Spanish Economy Minister Luis de Guindos relates the rise of populism in Europe to the natural process of democracy.
Irish PM Kenny to meet Trump on St. Patrick's Day
Thu, 23 Feb 2017 08:36:00 +0000
CNBC's Gemma Acton reports that Ireland's leadership contest will be in full swing after Taoiseach Enda Kenny's visit to U.S. President Donald Trump.
Rise in interest rates now factored into bond markets: Pro
Thu, 23 Feb 2017 08:07:00 +0000
Rathbone Brothers CIO Julian Chillingworth explains why he prefers investing in equities to bonds.
Pricing levels as low as we can go: Swiss Re CFO
Thu, 23 Feb 2017 08:07:00 +0000
SwissRe CFO David Cole discusses how his business is ensuring that it remains attractive to shareholders, and the inherent risks it faces.
Marine Le Pen victory concerning for markets: Pro
Thu, 23 Feb 2017 08:07:00 +0000
Rathbone Brothers CIO Julian Chillingworth discusses political risk in Europe and the validity of nervousness surrounding the looming French election.
European markets open mixed; investors eye slew of earnings
Thu, 23 Feb 2017 07:51:00 +0000
European bourses opened flat on Thursday as investors eyed a further raft of corporate earnings reports.
German Consumer Confidence For March Weakens Slightly
Thu, 23 Feb 2017 07:42:17 +0000
Germany's consumer confidence is set to weaken in March after a robust start to the year as both economic and income expectations deteriorated, survey data from the GfK showed Thursday.
Risk of recession across developed markets not high: Pro
Thu, 23 Feb 2017 07:41:00 +0000
Rathbone Brothers CIO Julian Chillingworth explains why it is "unlikely that we're about to enter another deep bear market for equity investors."
Disrupting the disrupters Singapore rattles sharing economy with rule change
Thu, 23 Feb 2017 07:11:00 +0000
Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber.
We will stay connected to Europe post-Brexit: Barclays CEO
Thu, 23 Feb 2017 07:06:00 +0000
Reflecting on the implications of Brexit, Barclays CEO Jes Staley adds that "London will remain the financial center for Europe."
Barclays months away from being a standout bank: CEO
Thu, 23 Feb 2017 07:06:00 +0000
Barclays CEO Jes Staley discusses the bank's earnings and its focus on restructuring, which will be completed by mid-2017.
Excited about legal business: Relx Group CFO
Thu, 23 Feb 2017 07:06:00 +0000
Relx Group CFO Nick Luff weighs in on earnings and how the legal section of his business "has seen acceleration" thanks to the company’s focus on data and analytics.
Bundesbank to react to ECB's ultra-loose monetary policy
Thu, 23 Feb 2017 07:06:00 +0000
CNBC's Annette Weisbach weighs in on what to expect from the German central bank's annual report for 2016.
We are trying to build a sustainable organisation: RSA CFO
Thu, 23 Feb 2017 07:06:00 +0000
RSA chief financial officer Scott Egan discusses earnings, detailing his company's intention to "keep the focus on underwriting profit."
Nissan says Ghosn to relinquish CEO role, Saikawa to take helm
Thu, 23 Feb 2017 06:21:00 +0000
Nissan Motor said on Wednesday it has appointed the company's co-chief executive officer, Hiroto Saikawa, as Nissan's CEO.
For the want of a leather jacket, is Uber lost£
Thu, 23 Feb 2017 06:16:00 +0000
Leather jackets were the swag that broke the millennial's back in the Uber sexism saga, Recode reports.
Bundesbank to deliver 2016 annual report today
Thu, 23 Feb 2017 06:15:00 +0000
CNBC's Annette Weisbach suggests that inflation and negatively yielding bonds will be the subject of today's Bundesbank 2016 annual report.
Low probability of Frexit: AXA CEO
Thu, 23 Feb 2017 06:15:00 +0000
AXA CEO Thomas Buberl discusses earnings and potential for Frexit, arguing that despite political uncertainty, "Europe has a chance for revival."
Irish PM Kenny to announce exit plan after White House visit
Thu, 23 Feb 2017 06:15:00 +0000
CNBC's Gemma Acton reports from Dublin, Ireland on news that despite speculation, Taoiseach Enda Kenny will not yet step down from his position.
2016 a great year, we hadn't seen growth since 2008: Orange Deputy CEO
Thu, 23 Feb 2017 06:15:00 +0000
Ramon Fernandez, delegate chief executive officer and chief financial officer at Orange, adds that the company doesn't need consolidation to improve performance.
Looking into 2017 with optimism: Wienerberger CEO
Thu, 23 Feb 2017 06:15:00 +0000
Wienerberger CEO Heimo Scheuch discusses his company's earnings and expectations for 2017, saying that "we don't see any margin erosion at this point."
Global Signaling Devices Market will reach USD 2.01 Billion by 2022: Zion Market Research
Thu, 23 Feb 2017 06:09:52 +0000

Sarasota, FL, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Signaling Devices (Audible & Visual) Market by Product (Strobe Beacons, Lighting, Bells and Horns, Fire Alarms/Call Points, Speakers and Tone Generators, Visual and Audible Combination Units, Video Surveillance Systems, and Intercoms), by Connectivity Service (Wired and Wireless) for Oil and Gas, Chemical and Pharmaceutical, Food and Beverages, Energy and Power, Mining and Other Application: Global Industry Perspective, Comprehensive and Forecast, 2016 – 2022". According to the report, global signaling devices market was valued at approximately USD 1.55 billion in 2016 is expected to reach USD 2.01 billion in 2022 and is anticipated to grow at a CAGR of around 4.42% between 2017 and 2022. 

The signaling device is a comprehensive range of signaling products designed for use in areas where the prevalence of harsh environmental conditions and where there is a risk of explosion due to the presence of flammable atmospheres. Signaling devices can be in the form of the audio or visual type depending on the signaling devices. Bell, buzzer, device, foghorn, whistle are some signaling devices used in day to day life.

Browse through 42 Market Tables and 42 Figures spread through 110 Pages and in-depth TOC on "Global Signaling Devices Market: By Product, Services, Application, Type, Size, Share, Analysis, Segment and Forecast 2016 – 2022".

Request Free Sample copy of Signaling Devices Market Report @ https://www.zionmarketresearch.com/sample/signaling-devices-market

Strobe beacons, lighting, bells and horns, fire alarms/call points, speakers and tone generators, visual and audible combination units, video surveillance systems, and intercoms are product segments of the global signaling devices market. Among these products, strobe beacons segment has dominated the signaling devices market in 2016 due to the increasing demand of ambulance and automotive industry. Strobe beacons also used in hospitals, hotels to give the signal in both audio and visual form. 

The wireless connectivity segment is projected to dominate the global signaling devices market. It accounted for the majority share of the entire revenue generated in 2016 and also expected to grow substantially in near future.

Browse the full "Signaling Devices (Audible & Visual) Market by Product (Strobe Beacons, Lighting, Bells ...

Full story available on Benzinga.com

European Economics Preview: Germany GDP, Gfk Consumer Sentiment Data Due
Thu, 23 Feb 2017 05:59:26 +0000
Revised quarterly national accounts and consumer sentiment from Germany are due on Thursday, headlining a light day for the European economic news.
Singapore Inflation Accelerates Strongly In January
Thu, 23 Feb 2017 05:37:39 +0000
Singapore's consumer prices rose for a second straight month and at a faster pace, figures from the Ministry of Trade and Industry showed Thursday.
Preparation underway for Donald Trump, Xi Jinping to meet at G20 summit in July, sources say
Thu, 23 Feb 2017 05:26:00 +0000
Sources said the first meeting between the two leaders will be on the sidelines of the G20 summit in July, the SCMP reports.
Brazil Central Bank Cuts Rate Further
Thu, 23 Feb 2017 04:48:47 +0000
Brazil's central bank lowered its key interest rate again as inflation continues to ease notably amid prolonged recession.
SolarCity’s ties to foreclosure cases raise questions on vetting policies
Thu, 23 Feb 2017 03:36:00 +0000
SolarCity has reached lease agreements with homeowners before or even after they defaulted on mortgages, the NYT reports.
Australia Private Capex Slides 2.1% In Q4
Thu, 23 Feb 2017 00:44:37 +0000
Private capital expenditure in Australia was down a seasonally adjusted 2.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Thursday - coming in at A$27.579 billion.
Japan Corporate Service Prices Rise 0.5% In January
Thu, 23 Feb 2017 00:14:36 +0000
Corporate service prices in Japan were up 0.5 percent on year in January, the Bank of Japan said on Thursday.
Top banks' commodities revenue drops 7 percent in 2016: survey
Thu, 23 Feb 2017 00:07:30 +0000
LONDON (Reuters) - Commodities-related revenue at the 12 biggest investment banks fell by 7 percent last year, mainly due to weakness in the oil sector, a report by financial industry analytics firm...
New Zealand competition watchdog rejects Sky TV purchase of Vodafone NZ
Thu, 23 Feb 2017 00:02:00 +0000
New Zealand's competition regulator on Thursday rejected Sky Network Television's proposed acquisition of Vodafone's New Zealand unit.
Prudential may hit Wells Fargo for account scandal costs-filing
Wed, 22 Feb 2017 23:22:38 +0000
(Reuters) - Prudential Financial Inc, the target of probes and lawsuits related to whether Wells Fargo & Co retail bankers improperly sold its insurance, may press the bank to cover costs it has...
Switzerland's ABB hit by $100 million South Korean fraud
Wed, 22 Feb 2017 23:10:00 +0000
Swiss engineering group ABB fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary.
BHP in for the long haul on Escondida strike as it eyes 30-day wait
Wed, 22 Feb 2017 22:41:00 +0000
Analysts say the company's decision to give up its right to replace striking workers at its Escondida mine puts the ball in the union's court.
South Korea Rate Decision On Tap For Thursday
Wed, 22 Feb 2017 22:29:36 +0000
The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.
Qantas first-half underlying profit falls 7.5%, defers Airbus deliveries
Wed, 22 Feb 2017 22:29:00 +0000
Qantas Airways, Australia's biggest airline, on Thursday posted a 7.5 percent fall in first-half underlying profit.
Eli Lilly CEO supports Trump's 'blueprint' for growth
Wed, 22 Feb 2017 21:47:00 +0000
In an exclusive interview on CNBC's "Power Lunch," Eli Lilly CEO David Ricks explained why he supported a new tax system under Trump.
Companies with long-term view do prevail: James Saft
Wed, 22 Feb 2017 20:33:50 +0000
(Reuters) - In a world in which most investment managers are paid to be short- or medium-term in their thinking, companies taking the long view prove the best bet.
Read this now: Mexican ambassador speaks out | Pope Francis seeks aid for South Sudan
Wed, 22 Feb 2017 20:17:00 +0000
Here are some of the key stories CNBC is following this hour.
Op-Ed: Donald Trump is dangerous when he’s losing
Wed, 22 Feb 2017 19:37:00 +0000
We've seen it already, says Vox's Ezra Klein: When Trump is frustrated, he turns on the system.
U.S. Existing Home Sales Rebound More Than Expected In January
Wed, 22 Feb 2017 15:32:19 +0000
After reporting a drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing that existing home sales rebounded by more than expected in the month of January. NAR said existing home sales surged up by 3.3 percent to an annual rate of 5.69 million.
Americans eat out less as higher menu prices take a bite from restaurant visits
Wed, 22 Feb 2017 15:20:00 +0000
Meal kit sellers and upstart grocers are underscoring an eat-at-home culture.
Markets Struggle to Find Positive Ground; Fed Minutes May Move Them
Wed, 22 Feb 2017 15:17:20 +0000

Nasdaq 6,000£ Wall Street appears to love big round numbers and with the markets demonstrating rally mode in recent sessions, some analysts are now looking for what was once the tech-heavy Nasdaq Composite to mark a milestone of its own.

But like Dow 20,000, this is just a number. It has no special meaning to speak of and shouldn’t push investors one way or another. So why talk about it£ Because Wall Street likes to talk about big round numbers and you will hear about it elsewhere. Just don’t let it influence your trading and long-term investing, which we will remind you is a marathon, not a sprint.

In the early going, Nasdaq was flat after hitting yesterday’s 19th record of the year. Ditto for the S&P 500 (SPX), which notched its 10th fresh peak of the year with all 11 sectors turning higher, while the Dow Jones Industrials (DJIA) scored its eighth record of the year. Will they do it again today£ It looked like they might struggle to stay in the green throughout the day but the minutes of the Federal Reserve’s interest-rate meeting last month come out this afternoon and might make a difference. (See below.) So, too, might existing home sales for January, which come out later this morning.

Remember, too, that these are records of the year, not the last 52 weeks, but since the beginning of January, seven short weeks ago. What does history tell us about market swoons like this, particularly during February, which isn’t typically a stellar month in the markets£ It’s that the “equities follow a dance routine” of sorts during recoveries from declines, according to Sam Stovall, chief investment strategist at CFRA.

“In the 27 years since 1945 that the S&P ...

Full story available on Benzinga.com

How Would George Washington's Economic Policy Compare To Trump's£
Wed, 22 Feb 2017 15:01:28 +0000

Wall Street got a rare day off this week in honor of founding father and first U.S. president George Washington. Many President Donald Trump supporters think Trump is just the type of Washington outsider that the country needs to stand up to the status quo, similar the way Washington stood up against the British. Trump critics believe he poses a major threat to the types of freedoms the founding fathers fought for more than 200 years ago.

In honor of Washington’s birthday, Benzinga took a look at how some of Washington’s attitudes and policies compare to those of the new president.

Some Points Of Agreement

In terms of policy similarities, Washington and Trump would likely see eye-to-eye on several issues.

Trump has taken a lot of heat from his disruption of free trade agreements and isolationist policy goals. However, Washington was an isolationist himself.

Related Link: Trump ...

Full story available on Benzinga.com

US existing home sales hit 10-year high in January
Wed, 22 Feb 2017 15:00:00 +0000
The National Association of Realtors said existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month.
Futures Pointing To Roughly Flat Open On Wall Street
Wed, 22 Feb 2017 14:01:58 +0000
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the strength seen in the previous session. Traders may be reluctant to make any significant moves ahead of the release of the minutes of the latest Federal Reserve meeting, which may shed some additional light on the outlook for interest rates.
Why the Fed's March meeting could be the most important of the year
Wed, 22 Feb 2017 13:45:00 +0000
Fed officials want investors to believe that every meeting is live where the central bank will hike.
Global Advanced Wound Care Management Market will reach USD 15.8 Billion by 2022: Zion Market Research
Wed, 22 Feb 2017 13:35:53 +0000

Sarasota, FL, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Global Advanced Wound Care Management Market by Product type (advanced wound dressings (foam dressings, hydrocolloid dressings, Hydrofiber dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings), active wound care (artificial skin and skin substitutes, growth factors) and antimicrobial dressings) for Chronic and Acute wounds: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022".

According to the report, global demand for the advanced wound care management market was valued at approximately USD 10.9 billion in 2016 and is expected to generate revenue of around USD 15.8 billion by end of 2022, growing at a CAGR of around 6.4% between 2017 and 2022.

Browse through 29 Market Tables and 26 Figures spread through 110 Pages and in-depth TOC on "Global Advanced Wound Care Management Market: Type, Size, Share, Statistics, Trends, Analysis, Segment and Forecast 2016 – 2022".

Request Free Sample copy of Advanced Wound Care Management Market Report @ https://www.zionmarketresearch.com/sample/global-advanced-wound-care-management-market 

The Wound Healing Society defines a chronic wound as a wound that fails to progress through a normal, orderly, and timely sequence of repair or passes through the repair process without restoring anatomic and functional results.  Standard wound care therapy is ineffective in treating chronic and complex wounds and additional treatment modalities need to be applied. Since chronic wounds are very painful and can lead to severe complications such as amputation and depression, advanced wound care management plays important role in treating chronic wounds.

Global advanced wound care management market is primarily driven by increased incidences of chronic diseases such as diabetes across the world. Other major driving factors are a rise in aging population, advancement in technologies and rise in a number of surgical procedures. However, high treatment cost and reluctance to accept the newer therapies may limit the growth of the market. Increasing focus on the need for rapid healing along with wide arena of vast product range in wound care management is expected to act as an opportunity for advanced wound care management market in near future.

Browse the full "Global Advanced Wound Care Management Market by Product type (advanced wound dressings (foam dressings, hydrocolloid dressings, ...

Full story available on Benzinga.com

German Business Confidence Improves Suggesting Stronger Growth Momentum
Wed, 22 Feb 2017 12:42:26 +0000
German business confidence unexpectedly improved in February on an upbeat assessment of the current economic situation and greater optimism for the future, adding to evidence that suggests growth is gaining momentum in the biggest euro area economy.
UK Q4 GDP Growth Tops Estimate On Manufacturing
Wed, 22 Feb 2017 12:29:03 +0000
The UK economy expanded more than initially estimated in the fourth quarter of 2016 on manufacturing activity, but the overall growth for the year slowed down due to weak stock-building. Gross domestic product advanced 0.7 percent sequentially in the fourth quarter, slightly faster than the 0.6 percent growth estimated on January 26.
Brazil Consumer Confidence Strongest Since Dec 2014
Wed, 22 Feb 2017 11:52:10 +0000
Brazil's consumer confidence strengthened further in February to the highest level in more than two years, figures from the Getulio Vargas Foundation, or FGV showed Wednesday.
Ireland Factory Gate Prices Rise Further
Wed, 22 Feb 2017 11:24:23 +0000
Ireland's factory gate prices climbed for the second straight month in January, figures from the Central Statistics Office showed Wednesday.
Malta HICP Inflation At 15-Month High
Wed, 22 Feb 2017 10:19:19 +0000
Malta's EU measure of inflation accelerated in January to the highest level in more than one year, figures from the National Institute of Statistics showed Wednesday.
Italy Jan Inflation Accelerates More Than Estimated
Wed, 22 Feb 2017 09:54:10 +0000
Italy's consumer price inflation accelerated more than initially estimated in January, latest figures from the statistical office Istat showed Wednesday.
Swiss Economic Expectations Strongest Since June 2016
Wed, 22 Feb 2017 09:45:22 +0000
Economic expectations of the Swiss financial market experts strengthened for a sixth straight month to its highest level in eight months, survey data from the Credit Suisse and the CFA Society Switzerland showed Wednesday.
Economic Data Scheduled For Wednesday
Wed, 22 Feb 2017 09:42:03 +0000
  • The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
  • The Johnson Redbook Retail Sales Index for the recent week will be ...

Full story available on Benzinga.com

Slovakia HICP Climbs For Second Month
Wed, 22 Feb 2017 08:40:10 +0000
Slovakia's EU measure of inflation increased for the second straight month in January, data from the Statistical Office of the Slovak Republic showed Wednesday.
Validation of cyclical rally coming from US, not Europe: Morgan Stanley
Wed, 22 Feb 2017 08:38:00 +0000
Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, weighs in on what's behind the rally in U.S. stocks.
Austria Inflation Highest Since July 2013
Wed, 22 Feb 2017 08:27:04 +0000
Austria's consumer price inflation accelerated further in January to the highest level in three-and-a-half years, figures from Statistics Austria showed Wednesday.
Why Lloyds is 'definitely' a buy for this investment manager
Wed, 22 Feb 2017 08:25:00 +0000
David Benamou, managing partner at Axiom Alternative Investments, says that Lloyds is one of the European banks successfully rebuilding its business.
Data pick up hints at further upside for US equities: JPMAM
Wed, 22 Feb 2017 07:58:00 +0000
Mike Bell, global market strategist at J.P. Morgan Asset Management, discusses U.S. earnings, equities and the Fed's potential to hike interest rates.
Arix Bioscience raises $124 million at IPO
Wed, 22 Feb 2017 07:58:00 +0000
Arix Bioscience CEO Dr Joe Anderson discusses investment in biotechnology, adding that academic science is the focus of innovation in the industry.
What's helping Barratt Homes
Wed, 22 Feb 2017 07:58:00 +0000
CNBC's Gemma Acton weighs in on the earnings and business strategy of British house builder Barratt.
South East Asian markets the future for PSA, Opel: BMI Research
Wed, 22 Feb 2017 07:36:00 +0000
Philippe Houchois, equity analyst at Jefferies, and Thomas Glendinning, senior auto analyst at BMI Research, discuss PSA's potential deal to buy GM's Opel.
European markets open higher; investors eye economic data and earnings
Wed, 22 Feb 2017 07:36:00 +0000
European bourses opened higher, following new record highs on Wall Street as investors focused on fresh economic data and key earnings reports.
Too many carmakers chasing too few customers: Jefferies
Wed, 22 Feb 2017 07:36:00 +0000
Philippe Houchois, equity analyst at Jefferies, and Thomas Glendinning, senior automotives analyst at BMI Research, discuss problems in the car industry.
Banking industry our focus right now: Morgan Stanley
Wed, 22 Feb 2017 06:44:00 +0000
Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, explains his view that there is "big opportunity still in U.S. financials."
Driving strong digital growth in legal and regulatory: Wolters Kluwer CEO
Wed, 22 Feb 2017 06:44:00 +0000
Wolters Kluwer CEO Nancy McKinstry speaks about her company's latest earnings, why it is transforming into a software - rather than a content - business.
Hong Kong GDP Growth To Improve In 2017
Wed, 22 Feb 2017 06:21:51 +0000
Hong Kong's economic growth is forecast to improve this year, driven by domestic demand and sustained increase in infrastructure and construction activities, Financial Secretary Paul Chan said in his 2017-18 budget speech on Wednesday. The economy is projected to grow 2-3 percent this year compared to a moderate growth of 1.9 percent in 2016.
Global Biomass Pellets Market will reach USD 15.9 Billion by 2022: Zion Market Research
Wed, 22 Feb 2017 06:15:19 +0000

Sarasota, FL, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Biomass Pellets Market for Industrial and Residential Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022". According to the report, the global biomass pellets market accounted for USD 7.65 Billion in 2016 and is expected to reach USD 15.9 Billion by 2022, growing at a CAGR of around 11.0% between 2017 and 2022. 

The global biomass pellets market is expected to witness significant growth over the forecast period on account of rising environmental awareness and government regulations. Biomass is used as a heating fuel and can be derived from various sources such as woody plants, timber industry, sawdust, sugarcane crop, and switch grass. The growing disposable income and the consequent demand for nonconventional sources of energy are expected to drive the demand for biomass pellets market within the forecast period. Furthermore, the rapid depletion of fossil fuels and global warming are expected to aid the growth of biomass pellets market. However, the raw materials and the extraction process are expensive. This could restrain the growth of the biomass pellets market over the years.

Browse through 13 Market Tables and 22 Figures spread through 110 Pages and in-depth TOC on "Global Biomass Pellets Market: By Type, Application, Size, Share, Trends, Analysis, Segment and Forecast 2016 – 2022".

Request Free Sample copy of Biomass Pellets Market Report @ https://www.zionmarketresearch.com/sample/biomass-pellets-market

Industrial applications segment dominated the biomass pellets market with a major share of total volume consumed. Low greenhouse gas emission and various governmental regulations have paved the way for the industries to adopt biomass pellets for heating ...

Full story available on Benzinga.com

European Economics Preview: Germany's Ifo Business Confidence Due
Wed, 22 Feb 2017 06:13:56 +0000
Ifo business confidence survey from Germany and quarterly national accounts from the UK are the major reports due on Wednesday.
Don't touch South Korea with a barge pole: Pro
Wed, 22 Feb 2017 06:08:00 +0000
Paul Gambles, co-Founder of the MBMG Group, weighs in on what he perceives to be South Korea's "absolutely catastrophic debt problems."
Disconnect between reality and market pricing: Pro
Wed, 22 Feb 2017 06:08:00 +0000
Paul Gambles, co-Founder of the MBMG Group, discusses the current trends in global equity markets.
Would You Rather Be Right Or Rich£
Tue, 21 Feb 2017 17:14:55 +0000

I have recently written a few articles discussing my directional perspective on the S&P500. In fact, my long-term target has been 2537-2611 SPX for years now. Moreover, before we entered 2016, I noted that I was looking for a rally to 2300 SPX in 2016, but with the market potentially dropping to the 1800 SPX region first into February, as you can see from the chart outlining our analysis for 2016.

But, I also believed that the 2300 SPX region was only a way point, as I expected us to head much higher in 2017.

Now, the comments to these articles have been quite interesting. The common underlying theme seems to suggest that the fundamentals of the market have not supported this rally, and still do not support the market for being as high as it is currently. And, when I question these commenters, they are more than happy to admit that the market is simply wrong for being as high as it currently stands.

Folks, I don't know about you, but from where I come from, the market is always right and price represents the ultimate truth in the market. In fact, one of my members at Elliottwavetrader provided me with a wonderful analogy to drive this point home:

If a weather forecaster calls for sunshine, but instead it rains, would we then say that the forecaster was right, but the weather was wrong£

Saying that the fundamentals are right and the market is wrong is no different than our weather example.

Even those that believe fundamentals drive our market easily admit that there are many times where the fundamentals do not control, and we are now in the midst of one of those times. But, let me give you another example. Let's say a car is set up to be driven by remote control. When we place someone behind the wheel, and he turns the wheel in the direction the car is moving some of the time, do we say that the person in the driver seat is controlling the car, or is it the one with the remote control that is driving the car all the time£

What is Really Driving the Market£

The stock market is no different. We have to look at what is really driving the market all the time. To claim that the fundamentals drive the market some of the time, but not all the time, is no different than saying the fundamentals really do not control the market. And, when the market aligns with the fundamentals, then we are only dealing with a coincidental factor, rather than a driving one.

But, let's look at the fundamentalists' perspective a bit closer. They say that the fundamentals don't support the market being this high. Yet, the market is this high. Therefore, isn't it clear that fundamentals are not very good at predicting where the market is, let alone where it is going£

I believe there is growing support in this perspective:

In a paper written by Professor Hernan Cortes Douglas, former Luksic Scholar at Harvard University, former Deputy Research Administrator at the World Bank, and former Senior Economist at the IMF, he noted the following regarding those engaged ...

Full story available on Benzinga.com

Stocks Appear To Be Headed Toward New Highs Amid Mixed Bag Of Earnings
Tue, 21 Feb 2017 15:41:07 +0000

Another week of trading begins and talk of market expectations are ripe as all three major benchmarks opened at record levels again. If that holds throughout the day, it will make it eight out of nine days, and four straight weeks, that the markets are in positive territory.

Retail stocks appeared mostly on the upside amid a mixed bag of earnings results from some of the nation’s largest merchants. Wal-Mart Stores Inc (NYSE: WMT), the world’s largest retailer, turned in Q4 earnings that outpaced expectations by a penny at $1.30 a share. Citing a robust online business, WMT said revenue ticked up 1% to $130.9 billion.Home Depot Inc (NYSE: HD) reported a profit of $1.44 a share, well above projections of $1.34 a share on revenues of $1.74 billion as housing trends appear to be getting better. The do-it-yourself retailer also announced a $15 billion share buyback plan.

Meanwhile, Macy's Inc (NYSE: M) managed to beat Wall Street’s per-share forecast with earnings at $2.02, above the $1.96 expected, though revenues fell 4% to $8.86 billion. Chief Executive Terry Lundgren said in the earnings release that “2016 was not the year we expected,” but noted that “significant progress” was made on key initiatives as the department-store retailer continues to struggle with balancing bricks-and-mortar sales and its online business.

Shares of all three retailers moved modestly higher ahead of the bell. A slew of U.S. retailers, both big and small, are slated to turn in their Q4 results this week. That might give us some insight on how consumers are spending their money.

Meanwhile, the VIX, the market’s closely watched ...

Full story available on Benzinga.com

Stocks Appear To Be Headed Toward New Highs Amid Mixed Bag Of Earnings
Tue, 21 Feb 2017 15:41:07 +0000

Another week of trading begins and talk of market expectations are ripe as all three major benchmarks opened at record levels again. If that holds throughout the day, it will make it eight out of nine days, and four straight weeks, that the markets are in positive territory.

Retail stocks appeared mostly on the upside amid a mixed bag of earnings results from some of the nation’s largest merchants. Wal-Mart Stores Inc (NYSE: WMT), the world’s largest retailer, turned in Q4 earnings that outpaced expectations by a penny at $1.30 a share. Citing a robust online business, WMT said revenue ticked up 1% to $130.9 billion.Home Depot Inc (NYSE: HD) reported a profit of $1.44 a share, well above projections of $1.34 a share on revenues of $1.74 billion as housing trends appear to be getting better. The do-it-yourself retailer also announced a $15 billion share buyback plan.

Meanwhile, Macy's Inc (NYSE: M) managed to beat Wall Street’s per-share forecast with earnings at $2.02, above the $1.96 expected, though revenues fell 4% to $8.86 billion. Chief Executive Terry Lundgren said in the earnings release that “2016 was not the year we expected,” but noted that “significant progress” was made on key initiatives as the department-store retailer continues to struggle with balancing bricks-and-mortar sales and its online business.

Shares of all three retailers moved modestly higher ahead of the bell. A slew of U.S. retailers, both big and small, are slated to turn in their Q4 results this week. That might give us some insight on how consumers are spending their money.

Meanwhile, the VIX, the market’s closely watched ...

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US labor market has 'more room to run,' Fed's Kashkari says
Tue, 21 Feb 2017 15:25:00 +0000
Neel Kashkari is president and CEO of the Federal Reserve Bank of Minneapolis and a voting member of the Fed's policy-setting committee.
American CEOs send letter to House: Kill the 'made in America' tax
Tue, 21 Feb 2017 11:00:00 +0000
In a letter to House and Senate leadership, top manufacturing CEOs argued that the current tax system penalizes American factory workers.
Economic Data Scheduled For Tuesday
Tue, 21 Feb 2017 09:42:03 +0000
  • Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Golden Valley, Minn. at 8:50 a.m. ET.
  • The manufacturing PMI for February is schedule for release at 9:45 ...

Full story available on Benzinga.com

Kiosk translating in sign language assist deaf customers and help restaurants reduce risk of ADA lawsuits
Tue, 21 Feb 2017 03:56:50 +0000

Birmingham Alabama, Feb. 20, 2017 (GLOBE NEWSWIRE) -- Looking for a simple lunch, a deaf woman recently went into an Alabama restaurant and jotted down her order on a piece of paper. The waiter hustled the request to the kitchen, where preparers tried to decipher the woman's handwriting.

But when the sandwich she wanted was delivered, it contained tomatoes, which she had said in writing she did not want.

Frustrated, the woman went back-and-forth with the waiter for a few minutes to explain exactly what she wanted. The sandwich ended up having to be remade.

"That experience might keep her from going back to that restaurant," said Grace Vasa, CEO of technology firm
Juke Slot. "Unfortunately, such communication mix-ups are not isolated incidents in the larger restaurant field."

The inability of restaurants to communicate effectively with all customers both threatens to hurt their businesses and serves as an opportunity to generate additional revenue. But what might seem like an operational hurdle actually can be an easy fix with long-term financial benefits.

Self-ordering kiosks featuring capabilities such as sign language and foreign language translations allow people with conversational difficulties to communicate more easily represent solutions that minimize order errors and strengthen the customer experience.

Such technology would enable restaurants to cater to a different segment of the population – scores of people who struggle with basic communication, not only those who are deaf.

Just as important: It's good business, industry experts say. Implementing kiosk solutions provide an easy avenue for ordering for those with physical impairments, brain injuries and mental disabilities. That can be of particular importance for those with communications problems who also suffer food allergies, to ensure their messages or notes aren't misunderstood.

"The kiosk is a game-changer for restaurants when it comes to appealing to ALL customers," Vasa said. "Every community has people who have some kind of trouble placing an order at a restaurant."

Potential new consumers

About 54 million Americans have some sort of disability, reports the
ADA National Network
. Of those some 15 percent of Americans – roughly 49 million people, based on

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Global Renewable Chemicals Market will reach USD 102.76 Billion in 2022: Zion Market Research
Mon, 20 Feb 2017 13:34:08 +0000

Sarasota, FL, Feb. 20, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Renewable Chemicals Market (Ketones, Biopolymers, Alcohols, Organic Acids,  Platform Chemicals and Others) for Agriculture, Textiles, Housing, Environment, Transportation, Food & Beverage Packaging, Communication, Bio-Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022". According to the report, global

renewable chemicals market
was valued at over USD 49.22 billion in 2016, is expected to reach above USD 102.76 billion in 2022 and is anticipated to grow at a CAGR of slightly above 11.29% between 2017 and 2022. 

Renewable chemicals are consequent of the biomass feedstock. There has been a tremendous reduction in the convenient fuel sources store. This has resulted in the introduction of renewable chemicals which are eco-friendly and inexhaustible. Renewable chemicals are used as feedstock for many formulations. Alcohols and biopolymers are dominating renewable chemicals owing to diverse end user applications.  

Browse through 16 Market Tables and 21 Figures spread through 110 Pages and in-depth TOC on "Global Renewable Chemicals Market: By Type, Product, Application, Industry Size, Share, Analysis and Forecast 2016 – 2022".

Request Free Sample copy of Renewable Chemicals Market Report @
https://www.zionmarketresearch.com/sample/renewable-chemicals-market

To overcome the drawbacks caused by the use of fossil fuels such as high emission of carbon has resulted in the high use of renewable chemicals. The existence of abundant raw resources for the production of renewable chemicals is expected to strengthen the renewable chemicals market. Growing environmental concerns along with volatile conventional fuels prices are likely to assist the renewable chemicals market over the coming years. Moreover, government support coupled with manufacturer's promotions for use of renewable chemicals may drive the renewable chemicals market. However, lack of advance technologies and low yield may indulge the growth of the renewable chemicals market. On the flip side, intense research for obtaining higher yield and development of low production cost method could offer the market with the plentiful prospect in the coming years. 

The renewable chemicals market can be broadly classified into five major product segments such as alcohols, biopolymers, ketones, platform chemicals and ...

Full story available on Benzinga.com

Global Telehealth Market will reach USD 12,131.0 Million by 2022: Zion Market Research
Mon, 20 Feb 2017 06:20:45 +0000

Sarasota, FL, Feb. 20, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Telehealth Market by Component Type (Hardware, Software, and Services), by Mode of Delivery Type (Web-Based, Cloud-Based and On-Premise) for Providers, Payers, Patients and Other End Users: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022". According to the report, the global telehealth market accounted for USD 2,513.3 million in 2016 and is expected to reach USD 12,131.0 million by 2022, growing at a CAGR of around 30.1% between 2017 and 2022. 

As population ages, the burden of non-communicable diseases will increase. Especially chronic diseases (cardiovascular and metabolic disorders, cancer, diabetes, Alzheimer's disease and other mental health problems) normally require prolonged treatment. An increased focus on telehealth will decrease the dependency on hospitals and enables the patients to access proper healthcare from home and leaving sufficient beds in hospitals for more urgent patients. Telehealth acts as a bridge to improve the relationship between patient and healthcare provider and for improving patient satisfaction and behavioral changes by providing healthcare guidance and treatment into daily life. Using telehealth, patients can be seen remotely by healthcare professionals in their homes; workplace and physicians can treat patients located at a distant location from a hospital, medical facility or other places of work including their own homes or even during vacation as long as they have access to the internet. 

Browse through 45 Market Tables and 60 Figures spread through 110 Pages and in-depth TOC on "Global Telehealth Market: Type, Size, Share, Leaders, Growth, Analysis, Segment and Forecast 2016 – 2022".

Request Free Sample copy of Telehealth Market Report @
https://www.zionmarketresearch.com/sample/global-telehealth-market

The market for telehealth is expected to be driven by significant trends in healthcare, technology advancement, expanded patient base, consumerism within the forecast period. In addition, the introduction of new and cutting-edge technology and services, such as electronic health records also supplements the growth of telehealth market in coming five years. Furthermore, increasing prevalence of chronic diseases coupled with increasing healthcare expenditures also expected to boost the telehealth market.  For instance, approximately 100 million Americans with chronic disease accounted for 75% of healthcare expenditures. Furthermore imbalanced patient to clinician ratio is also expected to foster the growth ...

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Markets Turn Lower As Long Weekend Approaches, But Optimism Seems Evident
Fri, 17 Feb 2017 16:12:09 +0000

The streak of five-consecutive record closes for the Nasdaq and S&P 500 (SPX) is over, but the Dow Jones Industrial Average ($DJI) did manage to eke out another record Thursday. The market appears to remain resilient amid hopes for business-friendly fiscal policy.

Stocks took a turn lower in pre-market trading Friday, but market participants’ apparently widespread belief that something good might happen brings to mind the late 1980s, when Alan Greenspan led the Fed. In those days, many traders referred to the “Greenspan put,” which meant they believed if anything went wrong for the stock market, Greenspan and the Fed would lower rates in an effort to send more money into stocks. (In the options market, a “put” gives its owner a measure of protection against a decline in the price of the underlying asset).

Expectations for a rate hike appear to be getting closer, judging by action in Fed funds futures, so the scenario we saw under Greenspan isn't necessarily valid any longer. But now there’s talk of a new type of “put” underpinning the market. We now arguably have the “tax policy put,” and it could be a factor contributing to Wall Street’s recent resilience.

Here’s how it works: As many market participants anxiously await the new administration’s tax plan, expectation of the new tax policy—which keeps getting promised but not revealed— seems to be protecting the market from declines.

That may have been the case even on Thursday, with the Nasdaq and SPX falling. Both clawed back a good deal of their losses by the close (see chart below), a sign of possible buying interest on dips. It might be interesting to see if this pattern continues as investors keep waiting for President Trump to release his tax policy, which he said Thursday would come after he releases a health care plan.

Another thing ...

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Futures Pointing To Early Weakness On Wall Street
Fri, 17 Feb 2017 13:35:03 +0000
The major U.S. index futures are pointing to a lower open on Friday following the lackluster performance seen in the previous session. Traders may look to cash in on the recent strength in the markets, which has lifted the major averages to new record highs. Nonetheless, trading activity may be somewhat subdued as traders look to get a head start on the long Presidents Day weekend.
NY Fed: US household debt at highest level since 2008
Thu, 16 Feb 2017 16:01:00 +0000
Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, the Fed says.
Rates In Focus As Futures Market Points To Growing Odds And Fed Hawkish
Thu, 16 Feb 2017 15:20:56 +0000

Expectations for a rate hike appear to be getting closer, judging by action in Fed funds futures.

Rates are a big subject right now as stock prices pulled back in pre-market trading Thursday after a string of record highs for all the major indices.

For much of the year so far, Fed funds futures had been pointing to the likelihood of the Fed’s June meeting for a first 2017 hike. But thanks in part to strong economic data (see below) and a more hawkish tone out of the Fed, chances for a May hike now stand at over 40% for the first time and March hike odds stand at approximately 25%, up from 13% last week.

A hike in March or May, if it was to happen, would conceivably give the Fed a longer runway to come through with its previously stated intentions of delivering three rate hikes this year. Futures indicate markets expect a 43% chance of at least three hikes this year, according to the futures market. That’s up from 33% on Monday. Several Fed speakers have reinforced the three hikes scenario recently, and inflationary concerns may play into that considering the strong gains in both producer and consumer prices indexes the government announced this week.

By the way, when it comes to inflation, let’s take that consumer price index (CPI) data yesterday for what it was. A lot of the big jump reflected a sharp rise in gasoline prices. When you look at core CPI, which strips out volatile food and energy prices, there was a 0.3% climb, which is less concerning. Are there hints of ...

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Profit Taking May Contribute To Early Weakness On Wall Street
Thu, 16 Feb 2017 14:00:35 +0000
The major U.S. index futures are pointing to a modestly lower opening on Thursday, with stocks likely to give back ground following recent strength. Profit taking may contribute to early weakness on Wall Street after the recent gains lifted the major averages to record highs. Selling pressure may be somewhat subdued, however, as traders may be reluctant to miss out on any further upside.
'March is a done deal' for the Fed's next rate hike, Peter Boockvar says
Thu, 16 Feb 2017 13:56:00 +0000
Inflation statistics and Janet Yellen's congressional testimony set the stage for a March hike, Boockvar tells CNBC.
US housing starts fall; permits rise to one-year high
Thu, 16 Feb 2017 13:32:00 +0000
U.S. homebuilding fell in January, but upward revisions to the prior month's data and a jump in permits suggested the housing recovery remained on track.
US weekly jobless claims rise less than expected
Thu, 16 Feb 2017 13:31:00 +0000
The number of Americans filing for unemployment benefits increased less than expected last week, a sign that the labor market was continuing to tighten.
Fed is moving on the right path in removing stimulus, Fischer says
Thu, 16 Feb 2017 12:10:00 +0000
The Fed expected the improvement in U.S. inflation and employment and it is headed on the right path in removing stimulus, Fed Vice Chair Stanley Fischer said.
Fed's Harker says is not factoring fiscal policies into forecast
Wed, 15 Feb 2017 19:53:00 +0000
Harker said his view that the economy is ready for three rate hikes this year does not depend on any fiscal policy changes under President Trump.
Fed's Rosengren says market skepticism will not delay rate hikes
Wed, 15 Feb 2017 19:18:00 +0000
Market expectations "will not stop" a rate hike, Rosengren told a luncheon of economists and investors.
Goldman, JPMorgan boost rate hike expectations on hotter inflation
Wed, 15 Feb 2017 18:09:00 +0000
If this trend continues, the Fed may be faced with a hard decision on interest rates when it meets in March.
US firms increased inventories and sales jump in December
Wed, 15 Feb 2017 17:43:00 +0000
U.S. businesses stockpiled more goods in December and posted the biggest sales increase in nearly six years.
As trade screws tighten, Mexico recruits US tech
Wed, 15 Feb 2017 16:36:00 +0000
Mexican governor Jorge Aristóteles Sandoval Díaz is meeting with U.S. tech companies including Facebook and Google to entice them across the border.
Hawk Talk: Yellen's Tone Doesn't Stand in Way of More Market Records
Wed, 15 Feb 2017 16:14:27 +0000

How ironic that on the very day Fed Chair Janet Yellen sounded about as hawkish as she ever has in a meeting with Congress, all the major indices rang up new record highs. It appears the markets may be responding to the positive economic picture Yellen painted in her remarks.

Tuesday marked the fourth-straight record session for the S&P 500 Index (SPX), which closed at its high and is now up more than 3.5% year-to-date. A mixed open looks likely on Wednesday.

Investors hoping Yellen would echo some of the more hawkish recent speeches by other Fed officials got their wish Tuesday when she testified before the Senate Banking Committee. Yellen described an improving economy, rising wages, a tightening job market, and healthy consumer spending. Yellen’s congressional testimony continues today in front of the House Financial Services Committee.

The market seems to have interpreted Yellen’s comments as a signal that perhaps the economy is improving faster than we might have thought, so from that point of view, her hawkish tone could be seen as good news. Perhaps the economic story is partially borne out by stronger than expected January retail sales, which rose 0.4%, the government said early Wednesday.

The key takeaway from Yellen’s testimony on Tuesday, and one the media quoted a lot, may have been her statement that, “waiting too long to remove accommodation would be unwise.” Now the fact is, Yellen has said that in the past, and she tempered it by repeating what she’s also said before about any changes to rate policy being “gradual.” But the market appeared to interpret her remark on rates as hawkish, and bond prices fell pretty much in sync. Yields on the 10-year Treasury ...

Full story available on Benzinga.com

Yellen: Growth is 'quite disappointing' — but that's not the Fed's fault
Wed, 15 Feb 2017 16:10:00 +0000
Since the Fed enacted accommodative policies, the U.S. has grown faster than other parts of the world, she said.
Op-Ed: Donald Trump is keeping us all busy but make no mistake—he's getting very little done
Wed, 15 Feb 2017 15:22:00 +0000
By now, Barack Obama had already signed three major laws, says Vox's Matt Yglesias.
Home builder sentiment falls 2 points in February as Trump euphoria abates
Wed, 15 Feb 2017 15:00:00 +0000
After a jump following the presidential election, confidence among US home builders continued its slide in February.
Delinquencies among first-time and lower-income homebuyers just spiked, spelling trouble
Wed, 15 Feb 2017 15:00:00 +0000
Trump froze a move that could have saved some lower-income borrowers money, prompting criticism.
Retail sales rise in January, despite car purchases seeing their biggest drop in 10 months
Wed, 15 Feb 2017 14:21:00 +0000
U.S. retail sales rose more than expected in January, pointing to sustained domestic demand that should bolster economic growth in the first quarter.
Industrial output falls as warm weather curbs heating demand
Wed, 15 Feb 2017 14:15:00 +0000
Industrial production fell as unseasonably warm weather caused a major drop in utilities output, offsetting gains in manufacturing and mining.
Slew Of Economic Data May Lead To Choppy Trading On Wall Street
Wed, 15 Feb 2017 14:00:09 +0000
The major U.S. index futures are pointing to a roughly flat opening on Wednesday, with stocks likely to show a lack of direction after trending higher over the past several sessions. Reaction to several key economic reports could impact trading on the day along with Federal Reserve Chair Janet Yellen's second day of testimony on Capitol Hill.
Consumer prices post largest gain in nearly four years
Wed, 15 Feb 2017 13:40:00 +0000
This came as households paid more for gasoline and other goods, suggesting inflation pressures could be picking up.
Yellen: 'Unwise' to wait too long to hike interest rates
Tue, 14 Feb 2017 16:26:00 +0000
Yellen says even though the Fed expects to hike gradually, getting rates back to normal is important.
After Setting New Highs, Markets Prepare For A Date With Janet Yellen
Tue, 14 Feb 2017 15:42:08 +0000

The “Trump bump” continues, with all major indices setting new record highs Monday and the S&P 500’s market value topping $20 trillion for the first time.

How does the market follow that up£ By going on a date with Fed Chair Janet Yellen.

Yellen’s “Humphrey-Hawkins” monetary policy testimony to Congress begins at 10 a.m. ET today in front of the Senate Banking Committee, followed tomorrow by an appearance at the House Financial Services Committee.

This is Yellen’s first time speaking during the Trump administration, and many investors want to know what Yellen might have to say about factors such as inflation, economic stimulus, and tax policy. They’ll also likely be on the lookout to see whether Yellen contradicts the administration on any economic matters. But it’s fair to say she’ll probably stick to the script, as she usually does.

Speaking of inflation, the producer price index (PPI) for January rose 0.6%, the government said early Tuesday. Core PPI was up 0.4%. Both gains were bigger than analysts had expected, so it’s possible Yellen might be asked to weigh in on this development.

Timing of rate hikes remains a big issue from a market perspective. After falling sharply last week, expectations for a March rate hike have crept back up to around 13%, Fed funds futures indicate, with chances for a hike in May now above 30%. But June is still the month that a hike seems most likely, judging from futures action. It should be interesting to watch how Fed funds futures and the bond market react to Yellen’s testimony, particularly with the background of some more hawkish-sounding talk from other Fed officials recently. Ten-year Treasury yields rose slightly to 2.44% early Tuesday, but remain roughly in the middle of their recent range.

And when Yellen speaks, ...

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Trump and GOP face a tougher tax sell to Dems than Reagan did, ex-Treasury official says
Tue, 14 Feb 2017 14:17:00 +0000
Unlike Reagan's 1986 tax reform plan, the current effort faces real-time scrutiny, Robert Kimmitt tells CNBC.
The very vocal protesters who took on the Fed are now fighting to protect it
Tue, 14 Feb 2017 14:01:00 +0000
The group Fed Up has a new target: Republicans who want to curtail the central bank's power.
Yellen Congressional Testimony In Focus On Wall Street
Tue, 14 Feb 2017 14:00:48 +0000
The major U.S. index futures are pointing to a roughly flat opening on Tuesday, as traders look ahead to Federal Reserve Chair Janet Yellen's semiannual monetary policy testimony before the Senate Banking Committee. Yellen's remarks are likely to be closely watched for any clues regarding the outlook for the next interest rate hike by the Fed.
How Fed Governor Tarullo Stepping Down Changes The Balance Of Hawks And Doves On The FOMC
Mon, 13 Feb 2017 17:35:00 +0000

In an expected move, Fed Governor Daniel Tarullo decided to quit the position, as the Trump team has embarked on the mission of overhauling the Dodd-Frank Act, which was introduced to regulate the banking system post the financial crisis. Tarullo was overseeing the regulation of the American banking system, which came under considerable pressure following the collapse of Lehman Brothers in 2008, in response to the sub-prime mortgage crisis.

Tarullo — Proponent Of Banking Reforms

In a letter to President Donald Trump, Tarullo reportedly said he wants to quit on or around April 5, although his term is set to expire only by 2022. Given that Tarullo was instrumental in bringing big banks and non-banking financial institutions under the regulatory net in order to prevent a Lehman-like collapse, this wasn't a surprising development.

Deregulation At The Top Of Trump's Agenda

Trump and the Republicans have been very vocal about wanting to deregulate the banking system, as they see the rules and regulations put in place following the Dodd-Frank Act as stifling growth of the banking system, and in turn, the economy.

Tarullo's planned resignation now paves the way for the Trump team to expedite the deregulation process by appointing officials who are sympathetic to their cause. The Fed's board, ...

Full story available on Benzinga.com

Busy Week On Tap As Yellen Testifies To Congress, Key Economic Data Due
Mon, 13 Feb 2017 15:50:02 +0000

The main bulk of earnings are in the rear view mirror, but there’s plenty of excitement this week, including key data and a visit to Capitol Hill by Fed Chair Janet Yellen.

Stocks appear headed for a higher start Monday, lifted in part by solid gains overseas. All three U.S. indices scored record highs last week, and more records may be on the way.

The new administration last week promised some sort of tax policy announcement in the next “two to three” weeks, and that seemed to help fuel the rally. If the forecast for two to three weeks proves accurate, this wouldn’t appear to be the week the market learns more about President Trump’s promised “phenomenal” tax policy.

The highlight this week is arguably Yellen’s “Humphrey-Hawkins” monetary policy testimony to Congress. She’ll testify to the Senate Banking Committee on Tuesday and to the House Financial Services Committee on Wednesday.

When Yellen talks, rates are seldom far from investors’ minds, especially after the Fed raised rates in December and forecast three additional hikes this year. At this point, the market is actually pricing in just two hikes. Fed funds futures indicate about a 17% chance of a rate rise in March, but Yellen’s testimony this week could cast more light. If she sounds hawkish, chances for a March hike might start to climb, and already are up significantly from the lows of last week.

Recall that after the Fed’s meeting earlier this month, its statement said, in part, “Measures of consumer and business sentiment have improved of late. Inflation increased in recent quarters but is still below the Committee's 2 percent longer-run objective. Market-based measures of inflation compensation remain low.”

So one question ...

Full story available on Benzinga.com

Upward Momentum May Continue To Propel Stocks Higher
Mon, 13 Feb 2017 13:31:23 +0000
The major U.S. index futures are pointing to a higher opening on Monday, with stocks poised to see further upside after climbing to new record highs last Friday. Stocks may continue to benefit from recent upward momentum spurred in part by optimism about reduced corporate taxes under President Donald Trump.
New Highs For All Three Indices As Trump Tax Talk Helps Lift Economic Hopes
Fri, 10 Feb 2017 15:28:31 +0000

President Trump’s promise of a “phenomenal” tax policy announcement in the next two to three weeks appears to have put the markets into party mode.

All three major indices set new all-time highs Thursday, and stock futures indicated the possibility of additional gains Friday amid optimism about the tax picture and rallies in overseas markets. One concern among investors recently was that the administration hadn’t yet offered specific tax policy, particularly corporate taxes. It still hasn’t, but President Trump’s announcement Thursday that he’d soon share more details appeared to inject new vigor into Wall Street.

Trump mentioned taxes as he met with airline executives, and he also promised infrastructure spending. Despite his audience, he didn’t just discuss airport improvements, though that was in the conversation. He also talked about highways and high-speed rail. Those are the type of projects that conceivably have potential to lend a hand to companies in the materials, energy, financial, consumer discretionary, and industrial sectors, all of which, with the exception of materials, climbed in Thursday’s session. Financials made the biggest gain, advancing more than 1%.

Meanwhile, the rate-sensitive utilities sector, which had risen Wednesday, was the only sector to really fall much, as 10-year Treasury yields climbed back to 2.4% during the day. Yields are surging after being taken out to the woodshed earlier this week. 

Expectations for a March hike stood early Friday at about 9%, futures prices indicated, up from earlier this week but still below where they were before last week’s Fed meeting. Fed speakers aren’t delivering a consistent message, but Fed Chair Janet Yellen’s testimony to Congress next week is approaching fast, and perhaps she’ll shed further light.

When it comes to the Fed speakers, by the way, it’s important for long-term investors to try and shut out the noise. It’s interesting stuff and fun to read about, but ultimately, it doesn’t matter that much because Fed funds futures aren’t ...

Full story available on Benzinga.com

Futures Pointing To Continued Strength On Wall Street
Fri, 10 Feb 2017 13:55:59 +0000
The major U.S. index futures are pointing to a higher open on Friday, with stock poised to see further upside after climbing to new record highs in the previous session. The markets may continue to benefit from optimism about President Donald Trump's tax plan as well as easing concerns about tensions between the U.S. and China.
TD Ameritrade's IMX Recap: The January Cause & Effect
Thu, 09 Feb 2017 19:56:10 +0000

TD Ameritrade released its January report on ts Investor Movement Index (IMX), which measures investor sentiment based on trends among TD Ameritrade's six million investor accounts.

The January Effect

The latest information from the report shows the index had a healthy increase in equity investments among retail traders, gaining 4.2 percent over December to hit 5.71. According to the report, IMX's performance has been on a five-month streak above the 5.4 mark.

Nevertheless, IMX ...

Full story available on Benzinga.com

Market Points Toward Possible Test Of Record Highs Despite Twitter Results
Thu, 09 Feb 2017 15:42:02 +0000

It’s been a pretty flat week so far, but there was a sense that this morning’s earnings could put a little fizz into the market and give investors something to tweet about. Namely, both CocaCola (NYSE: KO) and Twitter (NASDAQ: TWTR) posted quarterly results today, and stock futures pointed to another possible test of recent highs.

Unfortunately, tweets about TWTR’s earnings may not be the type the company had been hoping for. TWTR shares fell more than 9% in pre-market trade after the company missed revenue estimates. On the plus side, daily active usage accelerated for the third-consecutive quarter, TWTR said in a press release, but “revenue growth continues to lag audience growth.” The company sees strong audience growth continuing.The takeaway from today’s TWTR earnings seems to be that the well-documented problems in company direction continue to haunt TWTR.

KO also had a somewhat disappointing quarter, although it matched earnings estimates and beat revenue expectations. Net revenue fell 6%, due in part to what the company called a “headwind” from foreign currency exchange, and the stock came under a bit of pressure early in the day. Inflation in some Latin American countries seems to be hurting KO, and the strong dollar has been a bit of an impediment to some of the multinationals this reporting season.

To date, quarterly earnings continue to outpace overall expectations with more than two-thirds of S&P 500 companies having reported. S&P 500 companies are now anticipated to report a Q4 earnings rise of 6.7%, up from the beginning-of-the-quarter estimate of 4.2%, said research firm CFRA.

Overseas, many markets in Europe and Asia rose early Thursday, with European markets helped by earnings. There’s renewed ...

Full story available on Benzinga.com

Political Uncertainty May Lead To Another Lackluster Performance
Thu, 09 Feb 2017 13:52:19 +0000
The major U.S. index futures are pointing to a modestly higher opening on Thursday, although stocks may continue to experience choppy trading. While Upbeat jobs data may contribute to initial strength on Wall Street, traders may remain reluctant to make significant moves amid political uncertainty in Europe and the U.S.
Oil Weakness A Possible Drag On Market As Earnings Season Keeps Rolling
Wed, 08 Feb 2017 15:57:15 +0000

Crude is back in the news, with tumbling oil prices hurting the energy sector this week and possibly posing a threat to the broader market. Meanwhile, earnings roll on, and stock futures signaled a flat open after the Nasdaq posted an all-time high close and the Dow Jones Industrial Average ($DJI) made an all-time intraday high on Tuesday.

Oil kept trickling lower early Wednesday and fell below $52 a barrel, hurt by signs of rising U.S. production and falling Chinese demand. The latest bearish news came in the form of the American Petroleum Institute’s (API) weekly U.S. stockpiles report Tuesday, which showed a hefty build of more than 14 million barrels, according to media reports. Official government data on crude inventories are due at 10:30 a.m. EST today, and we’ll see how that compares with the API number. The question is whether pressure on the energy sector might start to leak into other sectors, as we saw a year ago.

On the earnings front, Walt Disney (NYSE: DIS) beat earnings per share expectations late Tuesday, but came up short in revenue overall and across various segments of the business. On the whole, the company’s earnings seemed a bit disappointing, and shares fell in pre-market trading. We’ll see if DIS weakness proves a drag on the DJIA today.

Additionally, Time Warner (NYSE: TWX) posted adjusted earnings in the fourth quarter of $1.25 a share, topping analysts' forecasts of $1.19, and Allergan (NYSE: AGN) shares also rose on an earnings beat. Biotech firm Gilead Sciences (NASDAQ: GILD) saw shares fall more than 6% after the company said that product sales would decline this year. And ...

Full story available on Benzinga.com

Lack Of Major Economic Data May Lead To Choppy Trading
Wed, 08 Feb 2017 13:52:19 +0000
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the modest uptick seen in the previous session. Traders may be reluctant to make any significant moves amid another relatively quiet day on the U.S. economic front. Ongoing political uncertainty in both Europe and the U.S. may also keep some traders on the sidelines.
Markets Waking Up To More Earnings After Lackluster, Low-Volume Monday
Tue, 07 Feb 2017 15:17:56 +0000

Did overtime in the big game make investors sleepy on Monday£

It might seem that way, considering the rather lackluster trade we saw, with low volumes. All of Wall Street looked tired and disoriented. Maybe Tuesday’s overseas trade could give the U.S. markets a jolt. Asian stocks were mixed, but European markets are solidly higher, and U.S. stocks look primed for a positive open. Any sort of rally could put the market on pace for another test of all-time highs.

It’s another big day for earnings, and General Motors (NYSE: GM) started the engines by easily beating Wall Street analysts’ top- and bottom-line estimates. The automaker earned an adjusted $1.28 per share in the fourth quarter on revenue of $43.91 billion. Wall Street estimates had called for $1.17 per share on revenue of $41.53 billion. Though Q4 earnings were down from a year earlier, the company said it sold a record number of cars last year. However, after an initial move higher in pre-market trade, GM shares fell slightly.

Another traditional U.S. behemoth, Walt Disney (NYSE: DIS), is scheduled to report after the closing bell, and we’ll see if the company is “wishing on a star.” Investors could focus on ESPN’s numbers, which have been falling as consumers continue to cut the cords of their cable providers in search of cheaper alternatives. Theme parks and CEO succession plans also loom large.

On the economic front, after the International Trade Report at 8:30 a.m. ET, we head to the JOLTS report, which again is a number the Fed is said to look at closely in terms of employment health.

The crude oil market has been mostly quiet so far this year, and is also a bit softer this morning. The ...

Full story available on Benzinga.com

Upbeat Earnings News May Lead To Early Strength On Wall Street
Tue, 07 Feb 2017 13:54:30 +0000
The major U.S. index futures are pointing to a higher opening on Tuesday following the modestly lower close see in the previous session. Upbeat earnings news from companies like General Motors (GM) may generate some early buying interest.
Investors Are Flocking To This Bank ETF
Tue, 07 Feb 2017 13:27:30 +0000

Financial services stocks and exchange-traded funds have been favored destinations for investors since November's U.S. presidential election. While that theme has been benefiting some predictable ETFs tracking the sector, some more tactical, dedicated bank ETFs are drawing renewed interest as well.

Flocking To Financials

Enter the PowerShares KBW Bank Portfolio (NYSE: KBWB), which tracks the widely followed KBW Nasdaq Bank Index. So, when you hear that index referenced on CNBC or elsewhere in the financial media, you'll know that is accessible via KBWB.

As its name implies, KBWB is a pure bank ETF, meaning investors will not find exposure to insurance firms and capital markets companies as is the case ...

Full story available on Benzinga.com

Profit Taking May Contribute To Early Weakness On Wall Street
Mon, 06 Feb 2017 13:50:09 +0000
The major U.S. index futures are pointing to a lower opening on Monday following the strong upward move shown by stocks last Friday. Profit taking may contribute to early weakness on Wall Street after the strength seen in the previous session lifted the Dow back above 20,000 and helped the tech-heavy Nasdaq reach a new record closing high.
European Stocks Trade Mixed
Mon, 06 Feb 2017 13:00:45 +0000
European stocks were mixed in the mid-day trading on Monday as investors waited for clarity on U.S. President Donald Trump's economic policies and the day's economic reports proved a mixed bag. The Eurozone Sentix Investor Confidence Index declined slightly in February to 17.4, matching expectations, while German factory orders rose the most in two and a half years in December
European Stocks Bracing For Positive Open On Wall Street, Asian Gains
Mon, 06 Feb 2017 07:26:19 +0000
European shares are poised to open higher on Monday, taking cues from positive Wall Street and Asian markets. Strong U.S. jobs data, higher crude oil prices and President Donald Trump's efforts to roll back financial regulations could be beneficial for the markets.
Upbeat Jobs Data May Generate Early Buying Interest
Fri, 03 Feb 2017 13:55:10 +0000
The major U.S. index futures are pointing to a higher open on Friday following the release of a report from the Labor Department showing stronger than expected job growth in the month of January. The data is likely to add to optimism about the outlook for economy.
BRIEF-Mauna Kea technologies appoints John Soto as chief operating officer
Thu, 02 Feb 2017 16:50:59 +0000
* Mauna Kea technologies appoints John Soto as chief operating officer
UPDATE 2-Britain will try to negotiate amicable EU divorce -Brexit paper
Thu, 02 Feb 2017 16:46:57 +0000
* May to trigger Brexit talks by end-March (Adds May's spokeswoman, more reaction)
UPDATE 1-UK train drivers reach deal with Southern rail in long-running dispute
Thu, 02 Feb 2017 16:41:03 +0000
LONDON, Feb 2 (Reuters) - One of Britain's longest and most damaging rail strikes since the industry was privatised in the 1990s appeared to be heading for resolution on Thursday as management at...
US STOCKS-Wall St edges up on gains in consumer stocks
Thu, 02 Feb 2017 16:35:13 +0000
* Indexes up: Dow 0.11 pct, S&P 0.13 pct, Nasdaq 0.17 pct (Adds details, comments; updates prices)
WRAPUP 2-U.S. labor market tightening, productivity still weak
Thu, 02 Feb 2017 16:34:20 +0000
WASHINGTON, Feb 2 (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, pointing to tightening labor market conditions that should support the...
UPDATE 2-ConocoPhillips loss smaller than expected on higher oil price
Thu, 02 Feb 2017 16:34:15 +0000
Feb 2 (Reuters) - ConocoPhillips, the largest U.S. independent oil producer, reported a smaller-than-expected quarterly loss on Thursday, helped by higher crude prices and lower costs.
UPDATE 1-Sports Direct in talks to bid for Bob's, Eastern Mountain Sports -sources
Thu, 02 Feb 2017 16:33:35 +0000
Feb 2 (Reuters) - Struggling British sportswear retailer Sports Direct is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob's Stores and outdoor retailer Eastern...
U.S. Senate Budget Committee approves Mulvaney as budget director
Thu, 02 Feb 2017 16:30:10 +0000
WASHINGTON, Feb 2 (Reuters) - The U.S. Senate Budget Committee on Thursday voted to confirm Republican Representative Mick Mulvaney to serve as White House budget director under President Donald...
Irish tax revenues rise in January as VAT receipts surge
Thu, 02 Feb 2017 16:30:06 +0000
DUBLIN, Feb 2 (Reuters) - Ireland collected 6.1 percent more tax in January than a year ago, driven by a surge in value-added tax receipts submitted for November and December, the finance ministry...
Peru posts $1 bln trade surplus in Dec, $1.7 bln in 2016-cenbank
Thu, 02 Feb 2017 16:29:09 +0000
LIMA, Feb 2 (Reuters) - Peru posted a $1 billion trade surplus in December, the biggest since 2011, and a $1.73 billion trade surplus in all of 2016 after two straight years of deficits, the central...
Uncertainty Ahead Of Jobs Report May Weigh On Wall Street
Thu, 02 Feb 2017 14:07:23 +0000
The major U.S. index futures are pointing to a lower opening on Thursday, with trepidation ahead of tomorrow's closely watched monthly employment report potentially contributing to early weakness on Wall Street. The report is expected to show that employment increased by 175,000 jobs in January after climbing by 156,000 jobs in December. The unemployment rate is expected to hold at 4.7 percent.
Upbeat Jobs Data, Apple Earnings May Lead To Early Strength On Wall Street
Wed, 01 Feb 2017 14:08:31 +0000
The major U.S. index futures are pointing to a higher opening on Wednesday after the major averages ended the previous session mixed. Upbeat private sector employment data and strong quarterly results from tech giant Apple (AAPL) may generate early buying interest.
Futures Pointing To Continued Weakness On Wall Street
Tue, 31 Jan 2017 14:06:38 +0000
The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to extend the downward move seen in the previous session. Negative sentiment has been generated by disappointing earnings news from ExxonMobil (XOM), as the oil giant reported fourth quarter results that came in below analyst estimates.
Profit Taking May Lead To Early Weakness On Wall Street
Mon, 30 Jan 2017 14:03:02 +0000
The major U.S. index futures are pointing to a lower opening on Monday, as traders may look to cash in on the recent strength on Wall Street.
Traders May Remain Reluctant To Make Significant Moves
Fri, 27 Jan 2017 14:01:37 +0000
The major U.S. index futures are pointing to a roughly flat open on Friday, with stocks poised to turn in another lackluster performance after ending the previous session mixed. Traders may remain reluctant to make significant moves amid uncertainty about the near-term outlook for the markets following recent strength.
Uncertainty After Dow Tops 20,000 May Lead To Choppy Trading
Thu, 26 Jan 2017 13:58:56 +0000
The major U.S. index futures are pointing to a roughly flat opening on Thursday following the strength seen in the previous session. Traders may be somewhat reluctant to make significant moves after the strength seen on Wednesday. Traders are also digesting the latest batch of earnings news from big-name companies
Continued Buying Interest May Help Dow Challenge 20,000
Wed, 25 Jan 2017 14:01:09 +0000
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks poised to extend the upward move seen in the previous session. The gains seen on Tuesday lifted the Nasdaq and the S&P 500 to new record closing highs, while the Dow is back within striking distance of 20,000.
Venezuela confirms recession, highest inflation in Americas
Tue, 30 Dec 2014 22:56:45 +0000
CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remained the highest in the Americas, and President Nicolas Maduro's socialist government blamed...
U.S. opens door to oil exports after year of pressure
Tue, 30 Dec 2014 22:30:18 +0000
WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of...
Shares slip in low-volume trading; safe-havens rise
Tue, 30 Dec 2014 21:44:44 +0000
NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume magnifying moves, as worries about Greece's future in the euro zone pushed shares lower and lifted...
Wall St. pulls back from record; utilities slump
Tue, 30 Dec 2014 21:24:08 +0000
NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major indexes from record levels, while the trend of modest moves and low volume continued heading into...
Brent and WTI see small gains as end of year approaches
Tue, 30 Dec 2014 21:24:01 +0000
NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dollar but not making significant strides as traders prepared for the end of the year.
Dollar slips against yen on year-end profit-taking
Tue, 30 Dec 2014 21:00:19 +0000
NEW YORK (Reuters) - The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday after traders booked profits from recent multi-year highs in the greenback and parked their winnings in...
Argentina's debt crisis seen rumbling on until 2015 election
Tue, 30 Dec 2014 18:41:39 +0000
BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not be January, as many investors had hoped, but a year later once the country's next president takes...
U.S. consumer confidence rises in December
Tue, 30 Dec 2014 15:24:26 +0000
(Reuters) - U.S. consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according...
U.S. home price growth slows further in October: S&P/Case-Shiller
Tue, 30 Dec 2014 14:55:08 +0000
NEW YORK (Reuters) - U.S. single-family home price appreciation slowed less than forecast in October, as there were hints of some re-acceleration in home prices in some cities by year-end, according...
Russian ruble resumes recovery as exporters seen selling dollars
Tue, 30 Dec 2014 13:02:00 +0000
MOSCOW (Reuters) - The Russian rouble staged an uncertain recovery on Tuesday as traders saw modest foreign-currency sales on the final day of trading before the New Year holidays.
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