Markets and Economy
Sweden Foreign Trade Balanced In February
Tue, 28 Mar 2017 09:29:08 +0100
Sweden's foreign trade balanced in February from a year ago, as exports and imports grew at a same pace, figures from Statistics Sweden showed Tuesday.
Watch These 10 Huge Call Purchases In Tuesday Trade
Tue, 28 Mar 2017 09:11:18 +0100

Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday's regular session.

  • FedEx Corporation (NYSE: FDX) Mar 31st 185 Calls: 1450 @ ASK $2.00: 2307 traded vs 41 OI: Earnings 6/20 After Close $185.31 Ref
  • Micron Technology, Inc. (NASDAQ: MU) May 33.0 Calls: 4000 @ ASK $0.43: 4093 traded vs 169 OI: Earnings 6/22 After Close (est) $28.68 Ref
  • Quanta Services Inc (NYSE: ...

Full story available on Benzinga.com

Europe's top court upholds EU sanctions against Russia's Rosneft
Tue, 28 Mar 2017 08:53:58 +0100
LUXEMBOURG (Reuters) - Sanctions imposed by the European Union on Russian companies such as its largest oil group Rosneft are valid, Europe's top court said on Tuesday.
Slovakia PPI Climbs For Second Month
Tue, 28 Mar 2017 08:15:40 +0100
Slovakia's producer prices rose for the second straight month in February, figures from the Statistical Office of the Slovak Republic showed Tuesday.
All aboard: American Airlines takes $200 million stake in China Southern
Tue, 28 Mar 2017 08:11:46 +0100
HONG KONG/SHANGHAI (Reuters) - China Southern Airlines Co Ltd said on Tuesday it will sell a small stake to American Airlines Group Inc in a $200 million deal that will give the carriers better access to the world's two largest travel markets.
Stocks, dollar recover as markets try to move past Trump's policy stumble
Tue, 28 Mar 2017 07:47:29 +0100
SINGAPORE (Reuters) - Asian stocks advanced on Tuesday after Wall Street stabilized and the dollar was steady, as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies.
Akzo Nobel to detail new strategic plan on April 19
Tue, 28 Mar 2017 07:38:46 +0100
AMSTERDAM (Reuters) - Akzo Nobel , the Dutch paints and coatings maker trying to avoid being taken over by larger U.S. rival PPG Industries , said on Tuesday it would detail its strategy to remain independent on April 19.
Romania Q4 Unemployment Rate Falls
Tue, 28 Mar 2017 07:22:17 +0100
Romania's unemployment rate decreased in the three months ended December, figures from the National Institute of Statistics showed Tuesday.
Reflation started after Brexit, before US election: Oppenheimer
Tue, 28 Mar 2017 06:09:00 +0100
Peter Oppenheimer, chief global equities strategist at Goldman Sachs, adds that the market has overpriced the Trump administration's capacity for reform.
Labour sets out its criteria for judging the Brexit deal
Tue, 28 Mar 2017 06:09:00 +0100
Barry Gardiner, shadow secretary for International Trade for the U.K. Labour party, discusses upcoming Brexit negotiations ahead of article 50's triggering Wednesday.
European markets open higher as investors shrug off Trump concerns
Tue, 28 Mar 2017 06:09:00 +0100
Markets in Europe opened in positive territory as global investors dismissed concerns over President Trump's ability to deliver his campaign pledges.
Lots of risks for Snap, but also lots of rewards
Tue, 28 Mar 2017 06:09:00 +0100
CNBC's Arjun Kharpal and Ben Rogoff, fund manager at Polar Capital, discuss whether Snap is another Facebook - or another Twitter.
In hindsight, Russia 'overplayed it's hand' at hacking: Pro
Tue, 28 Mar 2017 06:09:00 +0100
Christopher Granville, managing director for EMEA and global political research at Trusted Sources, discusses the fallout of accusations of state-sponsored Russian hacking.
Fed, not Trump, will drive the dollar's trajectory: Pro
Tue, 28 Mar 2017 06:09:00 +0100
Valentin Marinov, head of G-10 FX research at Crédit Agricole, adds that in his view the Fed is most likely to hike rates next in September.
Equities reached high valuations due to QE and low rates: Goldman
Tue, 28 Mar 2017 06:09:00 +0100
Peter Oppenheimer, chief global equities strategist at Goldman Sachs, speaks about his view on equity valuation.
Why one analyst thinks that 'the smartphone story is coming to an end'
Tue, 28 Mar 2017 06:09:00 +0100
According to Ben Rogoff, fund manager at Polar Capital, Apple's next iPhone launch will be a "last hurrah for smartphones."
Why the Fed is going back to 'normal'
Tue, 28 Mar 2017 06:09:00 +0100
Peterson Institute for International Economics President Adam Posen says that "anything Mr Trump does only increases the likelihood that you get more rate hikes."
Furor in Washington DC over Russia more about domestic politics: Expert
Tue, 28 Mar 2017 06:09:00 +0100
Christopher Granville, managing director for EMEA and global political research at Trusted Sources, adds that Russia's economic recovery has been stronger than expected.
Samsung setting bar higher for its new range of devices: Pro
Tue, 28 Mar 2017 06:09:00 +0100
Neil Campling, head of global TMT research at Northern Trust Capital Markets, and CNBC's Arjun Kharpal discuss their expectations for the new Samsung S8 device.
Tech companies that change the world begin like 'drunks at the wheel': Pro
Tue, 28 Mar 2017 06:09:00 +0100
CNBC's Arjun Kharpal and Ben Rogoff, fund manager at Polar Capital, discuss the outlook for Snap following its recent IPO.
Exclusive: China's HNA in talks to buy controlling stake in Forbes - sources
Tue, 28 Mar 2017 06:02:59 +0100
HONG KONG (Reuters) - Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters.
Australia Consumer Confidence Improves
Tue, 28 Mar 2017 05:01:02 +0100
Australia's consumer confidence improved during the week ended March 26, after declining in the previous three weeks, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.
Biofertilizers Market To Increase Crop Yields From Organic Farming Despite Decrease In Arable Land - IndustryARC
Tue, 28 Mar 2017 04:00:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Biofertilizers Market: By Type (Nitrogen Fixing, Phosphate Solubilizing, Rhizobacteria and Others); By Crops (Food Crops, Industrial Crops, Food Adjuncts and Others); By Geography -Forecast (2017 - 2022)", published by IndustryARC, estimates that Asia-Pacific will be a primary growth driver in the near future.

Browse numerous Market Tables and Figures spread through 145 Pages and an in-depth TOC on "Biofertilizers Market 2017 - 2022"
http://industryarc.com/Report/11701/biofertilizers-market-analysis.html  

Scope & Regional Forecast of the Biofertilizers Market:

Biofertilizers are substances used to enhance the nutrition intake of plants.Typically these substances are reared organisms like bacteria and algae that assist various parts of plant to efficiently absorb nutrients like phosphorous, zinc and so on. Some of the driving factors for this market include rising emphasis on reduction of agrochemicals, flourishing organic farming, need for environmental sustainability, cost effectiveness and consistent encouragement by the government agencies. Prominent agrochemical providers have entered this market to tap the growing potential through their innovative products.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=11701 

Favorable regulatory framework in the developed nations of Americas and Europe has been fuelling the market growth with agricultural budgets of these nations giving considerable importance to sustainable farming. In emerging economies where environment contamination ...

Full story available on Benzinga.com

Elon Musk's new co could allow uploading, downloading thoughts: Wall Street Journal
Tue, 28 Mar 2017 03:40:20 +0100
(Reuters) - Tesla Inc founder and Chief Executive Elon Musk has launched a company called Neuralink Corp through which computers could merge with human brains, the Wall Street Journal reported, citing people familiar with the matter.
Blood Culture Tests Market To Soar With Growing Prevalence Of Communicable Diseases - IndustryARC
Tue, 28 Mar 2017 03:30:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Blood Culture Tests Market Analysis: By Type (Gram-Positive, Gram-Negative, Yeast); By Products (Consumables, Instruments, Software, Media); By Application (Bacteremia, Fungemia); By End Users- With Forecast (2017 - 2022)", published by IndustryARC, estimates that with advanced technologies and high demand for rapid diagnostic tests, the market will show greatest demand in regions of North America and is followed by Asia Pacific regions such as China, India and Japan due to the increased awareness.

Browse numerous Market Tables and Figures spread through 172 Pages and an in-depth TOC on "Blood Culture Tests Market 2017 - 2022"
http://industryarc.com/Report/10633/blood-culture-tests-market.html  

Scope & Regional Forecast of the Blood Culture Tests Market:

Blood culture tests are laboratory tests done to examine a blood sample for the presence of bacteria or any other microorganisms. According to World Health Organization, the global burden of infectious diseases accounts for 43%. High mortality and morbidity are associated with sepsis. This scenario demands for highly advanced blood culture tests to detect the disease causing microorganisms which will aid in appropriate treatment.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=10633 

The increase in the aging population with more need for blood tests is one of the major factors contributing to the development of this market. Rising incidences of blood infections, increasing prevalence of communicable diseases, advanced ...

Full story available on Benzinga.com

Biopharmaceutical Market Scope Rising With Escalating Health Concerns - IndustryARC
Tue, 28 Mar 2017 03:30:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Biopharmaceutical Market: By Source (Unicellular & Multicellular Systems) By Products (Vaccines, Enzymes, Others) Manufacturing Process (Single & Multi Use Systems) Application (Oncology, Cardiology, Others) End Users (Hospitals, Others)-Forecast (2017-2022)", published by IndustryARC, estimates that Asia-Pacific region will lead with improving quality of healthcare during the forecast period till 2022.

Browse numerous Market Tables and Figures spread through 78 Pages and an in-depth TOC on "Biopharmaceutical Market 2017-2022"
http://industryarc.com/Report/9586/biopharmaceutical-market.html  

Scope & Regional Forecast of the Biopharmaceutical Market:

Biopharmaceuticals are large and complex products isolated from genetically modified living organisms. Biologics or biopharmaceuticals is one of the fastest growing sectors of pharmaceutical industries, owing to its innovative nature, greater safety and efficacy compared to traditional drugs. These drugs are produced from genetically modified source, comprising mainly of proteins and nucleic acids. Increase in regulatory approvals for biotechnology products is the major factor driving the market. Ageing population and increase in the number of diseases are driving the market growth. The reimbursement and pricing policies are the limiting the launch of high priced drugs posing challenge for the industry.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=9586 

The biopharmaceutical companies command high prices for innovative drugs ...

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Biomarkers Market To Play Important Role In Personalized Medicine - IndustryARC Research
Tue, 28 Mar 2017 02:30:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Biomarkers Market: Types (Biomarkers: Disease & related, Imaging, Others) Application (Drug Discovery, Bioinformatics, Others) Therapeutic Areas (Cardiology, Neurology, Others) Products (Hormones, Enzymes, Others) End Users (Hospitals, Others)-Forecast (2017-2022)", published by IndustryARC, estimates that rising demand for personalized medicine, usefulness in drug development and increased investment in research and development will propel the market significantly in North America.

Browse numerous 20 Market Tables and 50 Figures spread through 85 Pages and an in-depth TOC on "Biomarkers Market 2017-2022"
http://industryarc.com/Report/9593/global-biomarkers-market.html  

Scope & Regional Forecast of the Biomarkers Market:

Biomarkers are measurable characteristics of an organism that reflect a particular physiological state. They are biological molecules which act as indicators of a particular disease or treatment condition and measured in biological samples such as blood, urine, and saliva. Biomarkers are used to predict the severity of a disease, assess the effectiveness of a therapy, measure the drug response rate and detect adverse drug reactions. They also aid in the development of new drug therapies and can also be used to assess the functioning of the internal organs while providing assistance to clinicians in decision making.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=9593 

The high cost associated with the discovery and development, a time consumed ...

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Snap surges after IPO banks give flurry of 'buy' ratings
Tue, 28 Mar 2017 02:20:25 +0100
(Reuters) - Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly needed "buy" ratings.
Snap surges after IPO banks give flurry of 'buy' ratings
Tue, 28 Mar 2017 02:20:25 +0100
(Reuters) - Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly needed "buy" ratings.
Bioethanol Market Confident That Industrial Fuel Demand Will Open New Growth Avenues - IndustryARC Analysis
Tue, 28 Mar 2017 02:03:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Bioethanol Market By Type (Corn-based Ethanol, Sugarcane-based Ethanol, Cellulosic Ethanol and Others); By Blend (E10, E85 and Others); By Application (Automotive, Industrial and Others); By Geography - Forecast (2017-2022)", published by IndustryARC, estimates that Asia-Pacific region is key future growth driver.

Browse numerous Market Tables and Figures spread through 143 Pages and an in-depth TOC on "Bioethanol Market 2017-2022"
http://industryarc.com/Report/11700/bioethanol-market-analysis.html  

Scope & Regional Forecast of the Bioethanol Market:

Bioethanol is derived from natural resources such as corn, sugarcane and more using various technologies like fermentation followed by distillation, rectification and dehydration. Renewable and climate friendly nature of bioethanol drives its demand to use it as a fuel for transportation sector and other industrial applications.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=11700 

Competitive landscape for each of these product segments is highlighted. The global bioethanol market is segmented based on different types such as corn-based ethanol, sugarcane-based ethanol, cellulose-based ethanol and others. Market is also segmented based on the different blends such as E10, E85 and more. The major applications of bioethanol are in ...

Full story available on Benzinga.com

Asset sales plan secures EU backing for $130 billion Dow, DuPont merger
Tue, 28 Mar 2017 01:50:40 +0100
(Reuters) - Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities.
Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday: source
Tue, 28 Mar 2017 01:16:05 +0100
TOKYO (Reuters) - Toshiba Corp wants its U.S nuclear unit to file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, seeking a quick ringfencing of losses before the Japanese parent's financial year ends.
South Korea GDP Bumped Up To 0.5% In Q4
Tue, 28 Mar 2017 01:15:45 +0100
South Korea's gross domestic product expanded a seasonally adjusted annualized 0.5 percent on quarter in the fourth quarter of 2016, the Bank of Korea said in Tuesday's revised reading.
South Korea GDP Revised Up To 0.5% In Q4
Tue, 28 Mar 2017 00:45:45 +0100
South Korea's gross domestic product expanded a seasonally adjusted annualized 0.5 percent on quarter in the fourth quarter of 2016, the Bank of Korea said in Tuesday's revised reading.
Trump tax plan faces rockier road after bruising healthcare loss
Tue, 28 Mar 2017 00:29:16 +0100
WASHINGTON (Reuters) - The White House will take a lead role in crafting legislation to overhaul the U.S. tax code, eyeing an August target date as President Donald Trump seeks his first legislative victory following the failure last week of a long-promised bill to undo Obamacare.
Nunes defends his visit to the White House
Tue, 28 Mar 2017 00:13:00 +0100
Nunes visited the White House the day before announcing he had intelligence information, raising a lot of questions on Capitol Hill.
South Korea GDP On Tap For Tuesday
Mon, 27 Mar 2017 23:00:45 +0100
South Korea will on Tuesday release final Q4 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
German American Bancorp, Inc. (GABC) Announces Three-for-Two Stock Split
Mon, 27 Mar 2017 22:23:15 +0100

JASPER, Ind., March 27, 2017 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) announced today that its Board of Directors has declared a 3-for-2 stock split on the Company's authorized and outstanding common shares.  The stock split will be distributed on April 21, 2017 to shareholders of record as of April 6, 2017. 

Shareholders will receive cash in lieu of fractional shares that they would have otherwise been entitled to receive in connection with the stock split, except that those shareholders participating in the Company's dividend and stock purchase plans will have fractional shares credited to their accounts.  The price paid for fractional shares will be based on the average per share closing prices of German American's common stock over the five trading days immediately preceding the record date of the split. 

In connection with the 3-for-2 stock split, the Board of Directors has approved an amendment to the Company's Articles of Incorporation to increase the amount of both the issued and authorized common and preferred shares in the same proportion, increasing the number of authorized common shares to 45.0 million.

The stock split will increase German American's outstanding common shares from approximately 15.3 million shares prior to the split to approximately 22.9 million shares post-split.  The Company's quarterly cash dividend per share will ...

Full story available on Benzinga.com

Red Hat surges on sales beat, strong earnings guidance
Mon, 27 Mar 2017 22:13:00 +0100
Red Hat reported earnings after the bell on Monday.
Despite today's rally, hospital stocks could suffer with or without Obamacare, analyst says
Mon, 27 Mar 2017 22:05:00 +0100
This analyst says the hospital stocks' rally might not continue, even with Obamacare remaining intact.
When shareholders join the populist revolt: James Saft
Mon, 27 Mar 2017 21:50:30 +0100
(Reuters) - Some day, perhaps soon, the populist revolt will spread to another group badly served in recent decades: shareholders.
Benzinga's Option Alert Recap From March 27
Mon, 27 Mar 2017 21:49:31 +0100

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

Here's a recap of the options alerts from Monday, March 27, 2017. All time stamps are in Eastern Time.

  • 2:43:32pm: ABC Amerisource Bergen May $80 Put; 2087 @Bid @$1.15; Ref = $86.63
  • 2:41:10pm: LULU lululemon Apr 7th 60.5 Puts: 1000 @ ASK $1.14: 1074 traded vs 39 OI: Earnings 3/29 After Close $64.05 Ref
  • 2:19:05pm: MAT Mattel Apr 26.0 Calls Sweep: 818 @ ASK $0.70: 1410 traded vs 3744 OI: Earnings 4/20 After Close $25.08 Ref
  • 2:05:50pm: PWR Quanta Services Apr 35.0 Calls Sweep: 600 @ ASK $1.60: 1029 traded vs 89 OI: Earnings 5/4 Before Open (est) $35.96 Re
  • 1:51:45pm: EPD Enterprise Prod Partners Jun 28 Call; 5000 @Bid @$0.32; Ref=$26.89
  • 12:45:06pm: YELP YELP Mar 31st 32.5 Calls: 900 @ ASK $0.50: 1161 traded vs 15 OI: Earnings 5/4 After Close (est) $32.45 Ref
  • 12:25:42pm: AKAM Akamai Apr 65.0 ...

Full story available on Benzinga.com

Chicago Fed's Evans: Failure of GOP's health-care bill 'adds to uncertainties' in US
Mon, 27 Mar 2017 21:05:00 +0100
Chicago Fed. President Evans said Monday that inflation looks "well on its way" to reaching economic objectives.
HPE Announces Closing of Senior Notes Offering by Enterprise Services Subsidiary
Mon, 27 Mar 2017 21:05:00 +0100

PALO ALTO, Calif., March 27, 2017 (GLOBE NEWSWIRE) -- Hewlett Packard Enterprise Company ("HPE") (NYSE:HPE) today announced that in connection with the proposed merger of its wholly-owned subsidiary Everett SpinCo, Inc. (the "Company") with Computer Sciences Corporation ("CSC"), the Company has closed its offering of $500 million in aggregate principal amount of 2.875% Senior Notes due 2020, $500 million in aggregate principal amount of 4.250% Senior Notes due 2024 and $500 million aggregate principal amount of 4.750% Senior Notes due 2027 (collectively, the "notes") in a private placement transaction pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Company intends to use the net proceeds from this offering to fund a cash payment to HPE in connection with the separation of the Company from HPE and subsequent merger with CSC. Following the proposed merger, the Company will be renamed "DXC Technology Company."

The notes were offered and sold to qualified institutional buyers in the United States in reliance on Rule 144A under the U.S. Securities Act of 1933, as ...

Full story available on Benzinga.com

Todd Gordon's iShares Russell 2000 Index ETF Options Trade
Mon, 27 Mar 2017 20:32:27 +0100

Todd Gordon recommended on CNBC's Trading Nation a bearish options strategy in iShares Russell 2000 Index (ETF) (NYSE: IWM).

He thinks that the stock is going to test its ...

Full story available on Benzinga.com

ArcView's Troy Dayton Explains Why The Cannabis Industry Will Thrive Even If Trump Cracks Down On Marijuana
Mon, 27 Mar 2017 20:27:10 +0100

Even though recent declarations from officials in the Trump administration might suggest otherwise, the U.S. cannabis industry will continue to grow at a 27 percent CAGR over the next five years, hitting sales of $22.6 billion by 2021, Arcview Market Research revealed in its most recent "The State of Legal Marijuana Markets" report.

Benzinga reached out to Troy Dayton, CEO of the Arcview Group, to discuss this thesis.

The Bullish Thesis

The most important element to Arcview’s thesis is that, “no matter what the Trump administration does, there’s going to be a long line of people willing to take the licenses that the states are giving out, and then there will be a long line of people lined outside of each of those places to purchase cannabis,” Dayton explained.

So, while a federal crackdown could have an impact on who is running cannabis dispensaries, it is not very likely to affect their presence and their existence, the expert said. Similar should be the case from a financial standpoint.

“While a crackdown could impact the valuations of companies, and perhaps scare off some institutional investors or some larger, more risk-averse investors, it will simultaneously bring a bunch of other investors to the party because the long-term prognosis for the industry is so strong that they might see these dips in valuations and thinning of the herd of competition as a very unique opportunity to get value in this marketplace during this little blip.”

The other factor behind Arcview’s bullish thesis is that, contrary to popular belief, there is not that much the federal government can do against the states’ will, Dayton went on. “As [Attorney General] Jeff Sessions said, they’re not going to take over for local and state police; they don’t really have the resources for that. Also, they’re going to be focused on the opioid epidemic and a bunch of other things, so it really doesn’t make sense for them to put energy into this.”

Moreover, the expert ...

Full story available on Benzinga.com

US Senate panel to question Trump son-in-law on Russians
Mon, 27 Mar 2017 20:23:00 +0100
The panel wants to ask Kushner about two meetings arranged with Russian Ambassador Sergei Kislyak at Trump Tower in New York in December.
Icahn raises ethics flags with dual roles as investor and Trump advisor
Mon, 27 Mar 2017 20:13:00 +0100
Since Trump was elected with help from Icahn's $200,000 in contributions to Republican causes, CVR energy's stock has gone up. The New York Times reports.
Mid-Afternoon Market Update: Silver Futures Up 2%; Foamix Pharma Shares Plummet
Mon, 27 Mar 2017 19:33:55 +0100

Toward the end of trading Monday, the Dow traded down 0.30 percent to 20,535.44 while the NASDAQ rose 0.08 percent to 5,833.09. The S&P also fell, dropping 0.23 percent to 2,338.59.

 

Leading and Lagging Sectors
Healthcare shares rose by 0.57 percent on Monday. Meanwhile, top gainers in the sector included Impax Laboratories Inc (NASDAQ: IPXL), up 39 percent, and Nova Measuring Instruments Ltd. (NASDAQ: NVMI), up 12 percent.

In trading on Monday, basic materials shares slipped by 0.50 percent. Meanwhile, top losers in the sector included Aluminum Corp. of China Limited (ADR) (NYSE: ACH), down 5 percent, and Freeport-McMoRan Inc (NYSE: FCX), off 5 percent.

 

Top Headline

G-III Apparel Group, Ltd. (NASDAQ: GIII) reported downbeat results for its fourth quarter.

G-III Apparel posted a Q4 loss of $0.16 per share on revenue of $603.29 million. Analysts were ...

Full story available on Benzinga.com

The 'Swamp' Drains Trump: Where Tax And Healthcare Reform Stand Now
Mon, 27 Mar 2017 18:49:00 +0100

Following the withdrawal of the Republican healthcare bill on Friday, investors are now worried that President Donald Trump will not be able to follow-through on the campaign promises that have driven the stock market’s “Trump Rally” since Election Day. According to Height Securities, those fears are justified.

When The Swamp Monsters Emerge

“Before Congress can plow ahead on tax reform, GOP leaders need to pass an FY18 budget in order to use reconciliation, which is probably a mid-to-late May event; we don’t think investors fully appreciate the risk to tax reform of a budget blowup, which ...

Full story available on Benzinga.com

Starch Derivatives Market Growing With Scope In Nutritional And Industrial Applications - IndustryARC Analysis
Mon, 27 Mar 2017 18:15:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Starch Derivatives Market: By Type (Maltodextrin, Cyclodextrin, Hydrolysates, Glucose Syrup and Modified Starch); By Application (Food & Beverage, Cosmetics, Pharmaceutical, Animal Feed, Paper, Bioethanol) - Forecast (2016 - 2021)", published by IndustryARC, estimates that the market is set to experience considerable growth in the coming years in developing countries of the APAC region due to the burgeoning packaged food industry, especially in China and India.

Browse 43 Market Tables, 32 Figures spread through 122 Pages and an in-depth TOC on "Starch Derivatives Market 2017 – 2022"
http://industryarc.com/Report/7471/starch-derivatives-market.html 

Scope & Regional Forecast of the Starch Derivatives Market:

Starch derivatives are produced when hydroxyl group of raw starches undergo chemical reaction with functional groups. This process is performed to remove various defects of the raw starches and increase its functional properties according to the end use industry requirements. The usage of starch derivatives has witnessed consistent growth in various end-use industries such as food & beverages, cosmetics, paper and so on. Food industry is the largest revenue generating segment at the demand side for starch derivatives. The escalating demand for pharmaceuticals and their scale of production also fuels usage of starch derivatives across the world. Furthermore, strengthening R&D in the field of pharmaceuticals products laced with ...

Full story available on Benzinga.com

Bill Gross settles lawsuit against Pimco for $81 million and a nameplate: Sources
Mon, 27 Mar 2017 18:13:00 +0100
Bill Gross also gets a "Founders Room" named after him, Pimco says.
Your Money: Put your travel bucket list on turbo
Mon, 27 Mar 2017 18:09:40 +0100
NEW YORK (Reuters) - Waiting until you are retired to travel to all your bucket list destinations£ You might want to step on it.
10 Biggest Mid-Day Losers For Monday
Mon, 27 Mar 2017 18:01:25 +0100
  • Foamix Pharmaceuticals Ltd (NASDAQ: FOMX) shares tumbled 44.4 percent to $5.06 after the company reported the topline results of its two Phase 3 trials for FMX101 in patients with moderate-to-severe acne. The company did not demonstrate statistical significance on one of two primary endpoints.
  • PrimeEnergy Corporation (NASDAQ: PNRG) shares dipped 13.5 percent to $45.00.
  • G-III Apparel Group, Ltd. (NASDAQ: GIII) shares dropped 13.3 percent to $19.87 after the company ...

Full story available on Benzinga.com

15 Biggest Mid-Day Gainers For Monday
Mon, 27 Mar 2017 17:34:54 +0100
  • New Concept Energy, Inc. (NYSE: GBR) shares jumped 88.3 percent to $3.05.
  • Cellect Biotechnology Ltd. (NASDAQ: APOP) shares climbed 78.6 percent to $11.19 after the company disclosed that the first stem cell transplant has been completed in its Phase I/II trial.
  • Systemax Inc. (NYSE: SYX) shares rose 27.1 percent to $9.15 as the company agreed to sell all of its unprofitable European Technology Products Group businesses.
  • Impax Laboratories Inc (NASDAQ: IPXL) surged 22.4 percent to $11.32. Impax named Paul Bisaro as CEO.
  • Regulus Therapeutics Inc (NASDAQ: RGLS) shares rose 14.3 percent to $1.60.
  • HTG Molecular Diagnostics Inc ...

Full story available on Benzinga.com

Mid-Day Market Update: Dow Falls 80 Points; Cellect Biotechnology Shares Spike Higher
Mon, 27 Mar 2017 17:15:51 +0100

Midway through trading Monday, the Dow traded down 0.39 percent to 20,515.95 while the NASDAQ fell 0.21 percent to 5,816.77. The S&P also fell, dropping 0.34 percent to 2,336.13.

Leading and Lagging Sectors
Healthcare shares rose by 0.53 percent on Monday. Meanwhile, top gainers in the sector included Impax Laboratories Inc (NASDAQ: IPXL), up 27 percent, and ZIOPHARM Oncology Inc. (NASDAQ: ZIOP), up 12 percent.

In trading on Monday, basic materials shares slipped by 0.68 percent. Meanwhile, top losers in the sector included Aluminum Corp. of China Limited (ADR) (NYSE: ACH), down 6 percent, and Sealed Air Corp (NYSE: SEE), off 5 percent.

Top Headline

G-III Apparel Group, Ltd. (NASDAQ: GIII) reported downbeat results for its fourth quarter.

G-III Apparel posted a Q4 loss of $0.16 per share on revenue of $603.29 million. Analysts were expecting earnings of $0.10 per share on revenue of $622.76 ...

Full story available on Benzinga.com

Apple's iPhone Build Plans Have Been Adjusted Down At Susquehanna
Mon, 27 Mar 2017 16:49:49 +0100

According to Susquehanna Financial Group's Mehdi Hosseini, Apple Inc. (NASDAQ: AAPL) is expected to build fewer iPhone 8 devices than previously expected following meetings with unnamed entities in Taiwan and Korea.

Hosseini commented in a research report that Apple is now planning to build and ship around 100 million iPhone 8 units in the bottom half of 2017, which is lower than the analyst's prior forecast of 110 million to 115 million units.

Hosseini also suggested the new iPhone's BOM (bill of materials) will be around $100 to $200 higher than expected, driven by ...

Full story available on Benzinga.com

Once golden, Robert Rubin's hedge fund proteges lose some luster
Mon, 27 Mar 2017 16:49:00 +0100
Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune.
Adaptimmune Therapeutics plc Announces Closing of Public Offering and Exercise of Underwriters' Option to Purchase Additional American Depositary Shares
Mon, 27 Mar 2017 16:26:30 +0100

PHILADELPHIA and OXFORD, UK, March 27, 2017 (GLOBE NEWSWIRE) -- Adaptimmune Therapeutics plc ("Adaptimmune") (NASDAQ:ADAP), a leader in T-cell therapy to treat cancer, today announced the closing of its previously announced underwritten public offering of its American Depositary Shares ("ADSs"). Adaptimmune sold 15,700,223 ADSs at a price to the public of $4.20 per ADS, which included 1,400,223 ADSs sold pursuant to the exercise of the underwriters' option to purchase up to 2,145,000 additional ADSs.

The net proceeds to Adaptimmune from the offering are approximately $61.8 million, after deducting the underwriting discount and other offering expenses payable by the company. Adaptimmune intends to use the net proceeds from this offering to advance the company's wholly-owned pipeline of SPEAR T-cell candidates through clinical trials as well as for other general corporate purposes.

Citigroup, Cowen and Company and Leerink Partners acted as joint book-running managers for the offering, with Guggenheim Securities acting as lead-manager.

A shelf registration statement on Form S-3 relating to the public offering of the ADSs described above was declared effective by the Securities and Exchange Commission ("SEC") on September 12, 2016. The offering was made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A final prospectus supplement relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC's web site at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to these securities may also be obtained by sending a request to: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146, ...

Full story available on Benzinga.com

Disney Stock: More Beauty Than Beast£
Mon, 27 Mar 2017 16:21:03 +0100

This article originally appeared on DriveWealth.

Walt Disney Co (NYSE: DIS) fans are feeling the true meaning of “happily ever after” this week—and not just because their animated films are so hart-warming. So, where did all the happy come from£ Over the weekend, Disney’s new film Beauty and the Beast was released both in the US and overseas, and it seems that movie-goers everywhere just can’t say enough positive things about the film.

One of the most common reviews is that the movie, a live-action remake of the animated version from 1994, is said to contain a lot of “firsts” for Disney. Critics have stated that the film appropriately mixes both action scenes and musical compositions in order to take the classic story that we all know and love, and present it in a whole new light. Further, the film opens with several quick 3-D scenes – a more recent venture for the film company – which many critics believe is certain to draw a crowd. And, of course, the “big news” of Disney’s first ever openly gay character spilled long before the film was released. Although this choice (which included a slight change in the plot) received mixed reviews when it ...

Full story available on Benzinga.com

Samsung to sell refurbished Galaxy Note 7 smartphones that were pulled due to fire-prone batteries
Mon, 27 Mar 2017 16:15:00 +0100
The near-$900 phones were scrapped about two months after their launch in one of the biggest product safety failures in tech history.
An Income ETF That Lowers Rate Risk
Mon, 27 Mar 2017 15:50:13 +0100

With interest rates rising, income investors face some challenges, but the search for income and yield can involve some unique asset classes that can help investors reduced interest rate risk.

That include business development companies (BDCs). For investors that do not want to stock pick among BDCs, the VanEck Vectors BDC Income ETF (NYSE: BIZD) is worth considering. BIZD, which is just over four years old, tracks the MVIS US Business Development Companies Index, which includes publicly traded BDCs.

BDCs

BDC's “generate robust yields since they are required to pay out 90 percent of income in the form of dividends, a structure similar to what income investors find with real estate investment trusts, or REITs,” according to ETF Trends.

Due to the fact that most loans made by BDCs to borrowers ...

Full story available on Benzinga.com

DryShips Ticks Higher On Acquisition Announcement
Mon, 27 Mar 2017 15:43:45 +0100

DryShips Inc. (NASDAQ: DRYS), the nano-cap owner of ocean going cargo vessels that dominated headlines in 2016 after soaring more than 2,000 percent in mere weeks, ticked higher by around 2 percent at $1.36 on Monday after the company announced an acquisition.

DryShips announced Monday it has entered into agreements with several third parties to purchase four modern Newcastlemax bulk carriers of approximately 206,000 DWT with an average age of three years.

Among the vessels, two will ...

Full story available on Benzinga.com

Bitcoin wobbles as traders turn to other cryptocurrencies amid uncertain future
Mon, 27 Mar 2017 15:41:00 +0100
It’s been a volatile period for bitcoin investors, as holders prepare for a potential ‘fork’ in the blockchain.
Slewing Bearings Market Surges With Factory Automation - IndustryARC
Mon, 27 Mar 2017 15:30:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Slewing Bearings Market: By Gear Types (Ungeared, External Gear, Internal Gear); By Construction (Single-row Four Point Contact Ball, Cross roller, Double roller); By Applications (Excavation, Medical, Turbines) -with Forecast (2017 - 2022)", published by IndustryARC, estimates that owing to rising demand for signaling status information for installations and other system updates in factories, the market will rise briskly in the APAC regions.

Browse 31 Market Tables, 56 Figures spread through 169 Pages and an in-depth TOC on "Slewing Bearings Market 2017 – 2022"
http://industryarc.com/Report/6346/Slewing-Bearings-Market-Research-Report.html 

Scope & Regional Forecast of the Slewing Bearings Market:

Slewing bearings are important structural and connecting elements in the large scale equipment where it supports the upper structure and facilitate its rotation. The report provides detailed account of all the different type of slewing bearings employed across different end-use industries in terms of both value and volume (shipments). The market is segmented based on type of the type, application, and geography. Slewing bearings are employed in wide range of industries such as Construction, Wind Turbines, Medical Equipment, Military Applications, Transportation Systems, Solar Energy Industry, Oil Drilling, Mining & Tunneling, Food and Beverage Packaging, Amusement Park Rides, and so on.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=6346 

As unprecedented economic and environmental changes are being witnessed globally, the importance of infrastructure industry is being recognized by the governments ...

Full story available on Benzinga.com

There is no debt ceiling crisis, at least for now
Mon, 27 Mar 2017 15:13:00 +0100
As policymakers battle over Trump's economic initiatives, they won't have to worry about the U.S. becoming a deadbeat.
No Vote, No Sell-Off: Markets Shake Off Disappointment Over Health Care Bill
Mon, 27 Mar 2017 15:00:20 +0100

Health care legislation never made it to a vote Friday, but surprisingly, the stock market didn’t react much, and could open the new week focused on possible tax reform and key data. Still, there’s concern that health care stocks might come under pressure, and some questions about whether this long policy-related rally can sustain itself.

The last-minute decision in Congress to pull a health care vote late Friday raised concerns about whether President Trump can accomplish other business-friendly objectives he promised such as tax reform, regulatory reform, and infrastructure improvement. Much of the market’s four-month rally since his election grew out of those campaign pledges, but Trump’s inability to make a health care deal seems to call the market’s momentum into question.

Failure of the health care bill could mean that tax reform may become a little more difficult as Trump has to wrangle votes from Republican members of Congress. Many investors saw the health care bill as a proxy for the coming tax reform legislation, hoping it might give clues as to chances for passage of future tax policy. Passage of health reform might have given Congress more momentum going into tax reform.

That said, it’s interesting to see that the market didn’t fall out of bed after the vote cancellation news hit in the last hour of trading. Health care stocks came back to nearly even, but still were down over the last week. Some of the health insurance companies may be the ones most negatively affected by the failure to pass the bill, because they were seen as possibly the main beneficiaries if it had gone forward.

Perhaps having the big stress about the bill lifted could give investors a chance to focus on other factors that may be more fundamental to stocks. There’s also some thought brewing that with health care out of the way for now, Trump and Republicans might turn their attention to tax reform. Many investors have been getting impatient waiting to see a tax proposal, ...

Full story available on Benzinga.com

Smart Windows Market Sees Potential With Futuristic Technology - IndustryARC Research
Mon, 27 Mar 2017 15:00:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Smart Windows Market: By Technology (Passive, Active On-Demand, Photochromic, Thermochromic, PDLC, SPD, EC); By Application (Automotive, Commercial, Residential, Aerospace) - With Forecast (2017 - 2022)", published by IndustryARC, estimates that with the cost of energy expected to increase in the coming years, the demand for the energy conservation on a large scale will push the market to rise briskly in APAC notably, Japan.

Browse 46 Market Tables, 44 Figures spread through 206 Pages and an in-depth TOC on "Smart Windows Market 2017 – 2022"
http://industryarc.com/Report/1258/smart-windows-market-analysis-report.html 

Scope & Regional Forecast of the Smart Windows Market:

Smart window is basically intelligent glass which has different functionalities such as conductivity, transmissivity, energy generation and it provides flexibility, security and privacy. It is finding applications in various industries such as electronics, aerospace and marine, automotive and architecture. Smart windows technologies have huge market in the end-user applications within the architectural and automotive segments which are considered as the growth markets.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=1258 

The global market for smart windows is estimated to grow by 2020. As smart windows is commercially available in the market satisfying with both the high cost and cost efficient windows, as many ...

Full story available on Benzinga.com

American Airlines is looking to partner with the biggest airline in China
Mon, 27 Mar 2017 14:50:00 +0100
Chinese airlines account for more than 60 percent of flight routes between China and the United States, NYT reports.
Here’s what small businesses want more than an Obamacare repeal
Mon, 27 Mar 2017 14:44:00 +0100
As a bloc, small-business owners have been among the health care law’s most vocal opponents, NYT reports.
ECB's Praet Says Eurozone Still Needs 'Very Substantial' Stimulus
Mon, 27 Mar 2017 14:39:43 +0100
Eurozone economic recovery is firming, broadening and becoming more resilient, but underlying inflation is yet to signal a convincing upward trend, implying that the single currency economy still needs massive stimulus, European Central Bank policymaker Peter Praet said Monday.
Scintillation Counter Market Surges With Growing Security Concerns - IndustryARC Analysis
Mon, 27 Mar 2017 14:30:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Scintillation Counter Market: Scintillation Phosphors (Organic Crystals, Inorganic Crystals, Plastic Phosphors) Application (Homeland Security, Nuclear, Others) Type of End Products (Electromagnetic Calorimeters, Gamma cameras, Others)-Forecast (2017-2022)", published by IndustryARC, estimates that owing to increasing demand from end user sectors in Homeland securities, Healthcare and Industries, the market will rise notably in the Americas.

Browse 63 Market Tables, 12 Figures spread through 180 Pages and an in-depth TOC on "Scintillation Counter Market 2017 – 2022"
http://industryarc.com/Report/6350/Scintillation-Counter-Market-Research-Report.html 

Scope & Regional Forecast of the Scintillation Counter Market:

Amongst the various methods of radiation detection, Scintillation counter is one of the most prominent methods used in radiation detectors. The scintillation counter plays vital role in applications such as medical diagnosis, industrial applications, material analysis and so on. When the radiation interacts in the scintillation crystal, energy is transferred to bound electrons of the crystal's atoms. Various types of Scintillation phosphors include organic crystals, inorganic crystals and polymer crystals. Moreover, it has an array of advantages such as wide variety of scintillator materials, fast time response, high detection efficiency and a vast detection area.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=6350 

A wide spectrum of products including electromagnetic calorimeter, hodoscopes, CT scanners and more include the usage of scintillation ...

Full story available on Benzinga.com

Signaling Devices Market Surges With Factory Automation - IndustryARC Research
Mon, 27 Mar 2017 14:30:00 +0100

Hyderabad, India, March 27, 2017 (GLOBE NEWSWIRE) -- The report "Signaling Devices Market: By Type (Visual, Audible and Others) By Application (Hazardous Area Signalling, Fire and Industrial Signalling, Others) By End-User (Marine, Mining Factories, Others) By Geography - Forecast (2017-2022)", published by IndustryARC, estimates that owing to rising demand for signaling status information for installations and other system updates in factories, the market will rise briskly in the APAC regions.

Browse 35 Market Tables, 90 Figures spread through 200 Pages and an in-depth TOC on "Signaling Devices Market 2017 – 2022"
http://industryarc.com/Report/239/global-signaling-system-devices-market-forecast-report.html 

Scope & Regional Forecast of the Signaling Devices Market:

Signaling Devices are an important aspect of any safety management system such as Dam Safety System, Earthquake Warning System, Fire alarm system and Defense warning systems and others. They have an important role of signaling the target about the change in critical parameters in automation and manufacturing industries. Safety is of primary concern in any hazardous industrial environment. Leakage of inflammable gases for instance is one of the biggest issues in mining and petroleum industry. These environments generally present additional challenges such as vast area to signal and a lot of noise to overcome. Signaling devices designed specifically for this purpose generally have several additional features such as being explosion proof and fire proof.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php£id=239 

This report categorizes the market into four different segments, namely, market by type of device, application, end-user and geography. Based on the ...

Full story available on Benzinga.com

Once golden, Robert Rubin's hedge fund proteges lose some luster
Mon, 27 Mar 2017 14:29:53 +0100
BOSTON/NEW YORK (Reuters) - Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund...
For Prison Stocks, Trump Admin Is A Long-Term Catalyst With Some Short-Term Concerns
Mon, 27 Mar 2017 14:28:28 +0100

Under the Trump administration, the Immigration and Customs Enforcement budget allocation is likely to be “sizable,” providing significant growth opportunity for private operators, Canaccord Genuity’s Michael Kodesch said in a report. He added that while there are some near-term concerns, there is upside for both The GEO Group Inc (NYSE: GEO) and Corecivic Inc (NYSE: CXW).

While maintaining a Buy ratings on both companies, Kodesch mentioned that he preferred GEO to CoreCivic in view of the latter’s “inherent near-term headwinds.” The price target for GEO is at $50 and that for CoreCivic at $34.

Skinny Budget Suggests Upside

Trump's Skinny Budget suggested significant expansion ...

Full story available on Benzinga.com

Plateau in US auto sales heightens risk for lenders: Moody's
Mon, 27 Mar 2017 14:14:00 +0100
Moody's says it expects U.S. new vehicle sales to decline slightly to 17.4 million units in 2017.
Growth under Trump to remain modest despite cuts and spending, economists say
Mon, 27 Mar 2017 14:12:00 +0100
A poll of economists says growth is expected to accelerate but remain modest, even if Trump's tax cuts and infrastructure spending are implemented.
Keystone Pipeline Will Create Thousands Of Jobs, But How Many Will Be Permanent£
Mon, 27 Mar 2017 13:54:12 +0100

The Trump administration has approved completion of the controversial Keystone XL oil pipeline project, authorizing TransCanada Corporation (USA) (NYSE: TRP) to go ahead with the construction of the pipeline in the Phillips County, Montana, along the U.S.-Canadian border.

That said, doubts have been raised concerning the kind of job opportunities presented by the project.

Finally, Oil Might Begin To Flow...

The pipeline is meant to transport crude oil from the tar sands of Canada to Nebraska. In Nebraska, it would connect with other pipelines that would then go toward the Gulf of Mexico. The pipeline is said to be laid along a length of 900 miles and would cost $8 billion.

The presidential permit was issued by the Under Secretary of State for Political Affairs Thomas Shannon, Jr., as Secretary of State Rex Tillerson had earlier recused himself, given his previous position at Exxon Mobil Corporation (NYSE: XOM).

The Under Secretary, it was revealed, has considered a range of factors, including but not limited to foreign policy; energy security; environmental, cultural, and economic impacts; and compliance with applicable law and policy.

The pipeline construction had already begun and it was only the work across ...

Full story available on Benzinga.com

ECB Supervisor Says UK Banks To Be Given Specific Phase-in Time Post-Brexit
Mon, 27 Mar 2017 13:43:58 +0100
UK banks will be provided specific phase-in time to operate in Europe after the country leaves the European Union, Sabine Lautenschlager, Vice-Chair of the Supervisory Board of the European Central Bank, said Monday.
Weakness Overseas May Weigh On Wall Street
Mon, 27 Mar 2017 13:42:50 +0100
The major U.S. index futures are pointing to a lower opening on Monday, with stocks likely to extend the pullback seen last week. The downward momentum on Wall Street comes amid weakness overseas following the decision by Republican leaders to withdraw their bill to repeal and replace Obamacare.
Sealed Air to sell cleaning and chemicals systems division to Bain Capital for about $3.2 billion
Mon, 27 Mar 2017 13:25:00 +0100
Sealed Air on Monday said it agreed to sell its cleaning and chemicals systems division, Diversey Care, to Bain Capital for about $3.2 billion.
A Cautionary Tale On Bank Loan ETFs
Mon, 27 Mar 2017 13:20:42 +0100

U.S. interest rates are moving higher, but investors are still searching for income-generating assets. A popular avenue for income investors looking to cope with rising rates has been bank loans or senior loans — an asset class made increasingly accessible by exchange-traded funds such as the PowerShares Senior Loan Portfolio (NYSE: BKLN).

Floating rate notes and senior loans are unique in that their yield is tied to a benchmark such as LIBOR, rather than being fixed. Loans are also higher on the capital structure than other unsecured obligations, and some even carry floors to insure you earn a respectable yield even if rates stay low. Their coupon rate typically resets every 90 days, resulting in a duration shorter than three months, Benzinga reported.

Investor Strategy

So, one way of looking at an ETF such as BKLN, which is passively managed and the largest of ...

Full story available on Benzinga.com

A Cautionary Tale On Bank Loan ETFs
Mon, 27 Mar 2017 13:20:42 +0100

U.S. interest rates are moving higher, but investors are still searching for income-generating assets. A popular avenue for income investors looking to cope with rising rates has been bank loans or senior loans — an asset class made increasingly accessible by exchange-traded funds such as the PowerShares Senior Loan Portfolio (NYSE: BKLN).

Floating rate notes and senior loans are unique in that their yield is tied to a benchmark such as LIBOR, rather than being fixed. Loans are also higher on the capital structure than other unsecured obligations, and some even carry floors to insure you earn a respectable yield even if rates stay low. Their coupon rate typically resets every 90 days, resulting in a duration shorter than three months, Benzinga reported.

Investor Strategy

So, one way of looking at an ETF such as BKLN, which is passively managed and the largest of ...

Full story available on Benzinga.com

Turkey Capacity Utilization Drops; Business Confidence Improves
Mon, 27 Mar 2017 12:53:38 +0100
Turkey's capacity utilization rate declined more-than-expected in March, while real sector confidence improved unexpectedly, figures from the central bank showed Monday.
Brazil Consumer Confidence Strongest Since Dec 2014
Mon, 27 Mar 2017 12:41:53 +0100
Brazil's consumer confidence strengthened for the third straight month in March to the highest level in more than two years, figures from the Getulio Vargas Foundation, or FGV, showed Monday.
Trump's 'America First' pledge will not damage PhosAgro: CEO
Mon, 27 Mar 2017 12:36:00 +0100
Trump's protectionist agenda is unlikely to hamper the growth prospects of Russian agrichemicals giant PhosAgro, the group's CEO said on Monday.
BoE: Brexit, Household Indebtedness Main Risks To UK's Financial Stability
Mon, 27 Mar 2017 12:23:34 +0100
The Brexit and high household indebtedness are some of the main risks to UK's financial stability, the Financial Policy Committee of the Bank of England said Monday.
ECB's Nouy: NPLs To Remain Top Priority For Sometime
Mon, 27 Mar 2017 12:13:36 +0100
Non-performing loans remain a big issue in some euro area member states and are set to be a top priority for some time to come, Daniele Nouy, Chair of the Supervisory Board of the European Central Bank, said Monday.
North Carolina's 'bathroom bill' will cost the state $3.76 billion
Mon, 27 Mar 2017 12:00:00 +0100
The law limiting LGBT protections will cost the state more than $3.76 billion in lost business over a dozen years, according to the Associated Press.
US gas prices down a penny over 2 weeks, to $2.34 a gallon
Mon, 27 Mar 2017 11:41:00 +0100
Industry analyst Trilby Lundberg said Sunday that the price drop comes as crude oil prices also slipped during the same period.
German Business Confidence Strongest Since Mid-2011
Mon, 27 Mar 2017 11:34:37 +0100
German business sentiment strengthened to a 68-month high in March as economic impetus pushed up companies' assessment of the current assessment and outlook. The business confidence index rose to 112.3 in March from a revised 111.1 in February, survey data from the Munich-based Ifo institute revealed Monday.
Malta PPI Falls Further In February
Mon, 27 Mar 2017 11:23:28 +0100
Malta's producer prices decreased for the fifth straight month in February, figures from the National Statistical Office showed Monday.
Hong Kong Trade Deficit Widens In February
Mon, 27 Mar 2017 10:30:28 +0100
Hong Kong's foreign trade deficit increased notably in February from a year ago, as imports grew faster than exports, figures from the Census and Statistics Department showed Monday.
China’s colorful bike wars heat up with more wheels on the road
Mon, 27 Mar 2017 10:24:00 +0100
"Our financial situation is in a very strong position, and we are not in a rush to think about turning a profit," Mobike CEO Davis Wang told CNBC.
Eurozone Money Supply Growth Eases Slightly
Mon, 27 Mar 2017 09:30:48 +0100
Eurozone money supply growth eased for the second straight month in February, though marginally, figures from the European Central Bank showed Monday.
BT fined record $53 million for business-line installation errors
Mon, 27 Mar 2017 08:14:00 +0100
Britain's BT has been fined a record 42 million pounds ($53 million) by the regulator for failing to install high-speed lines for businesses fast enough.
China To Open Up More To Foreign Investors, Seek Fair Treatment: PBoC Chief
Mon, 27 Mar 2017 08:13:37 +0100
China will welcome foreign investment in more sectors going forward and would expect fair treatment overseas, the People's Bank of China Governor Zhou Xiochuan said Sunday.
European markets open lower after Trump's health-care setback
Mon, 27 Mar 2017 07:58:00 +0100
European markets opened lower as investors adopted a cautious tone after U.S. President Donald Trump's surprise failure to deliver swift health-care reform.
Like financials for the course of 2017 - don't love tech: JPMAM
Mon, 27 Mar 2017 07:58:00 +0100
Nandini Ramakrishnan, global market strategist at JPMAM, discusses her preferred market sectors to invest in.
Arctic is the biggest frontier for oil exploration worldwide: Pro
Mon, 27 Mar 2017 07:58:00 +0100
Andrew Latham, vice president of global exploration at Wood MacKenzie, discusses the potential of the Arctic to yield key energy commodities.
'Disruptor' status could mean some tech stocks are overvalued: SocGen
Mon, 27 Mar 2017 07:58:00 +0100
Nandini Ramakrishnan, global market strategist at JPMAM, and Kokou Agbo Bloua, global head of flow strategy at Societe Generale, discuss technology stocks.
Finland Manufacturing Confidence Improves In March
Mon, 27 Mar 2017 07:52:21 +0100
Finland's manufacturing confidence improved in March, after remaining stable in the previous month, survey data from the Confederation of Finnish Industries (EK) showed Monday.
Finland Consumer Confidence Highest Since Sep 2010
Mon, 27 Mar 2017 07:26:30 +0100
Finland's consumer confidence strengthened in March to the strongest level in six-and-a-half years, survey data from Statistics Finland showed Monday.
Trump son-in-law Jared Kushner to oversee government overhaul
Mon, 27 Mar 2017 07:22:00 +0100
Trump is to appoint son-in-law Jared Kushner to head a new White House innovation team to revamp federal bureaucracy.
European Economics Preview: Germany's Ifo Business Confidence Data Due
Mon, 27 Mar 2017 06:58:30 +0100
Business confidence data from Germany is due on Monday, headlining a light day for the European economic news.
BoJ To Continue Pursuing Powerful Monetary Easing
Mon, 27 Mar 2017 06:47:41 +0100
Bank of Japan board members viewed that the bank should not rush to action and it should pursue monetary easing under the current framework with patience, the summary of opinions from the monetary policy meeting showed Monday.
2016 one of the hardest years since the financial crisis: PhosAgro CEO
Mon, 27 Mar 2017 06:29:00 +0100
PhosAgro CEO Andrey Guryev speaks about how his company's earnings were impacted by pricing, as well as China's role in the fertilizer market.
Political uncertainty in euro zone could prolong QE
Mon, 27 Mar 2017 06:29:00 +0100
CNBC's Annette Weisbach speaks about how the European Central Bank will react to political risk in Europe.
Trump's protectionism will not damage our market: PhosAgro CEO
Mon, 27 Mar 2017 06:29:00 +0100
PhosAgro CEO Andrey Guryev explains that the U.S. is not his company's major market, and also discusses the domestic environment in Russia.
'Trump trade' led to position trading on oil market: SocGen
Mon, 27 Mar 2017 06:29:00 +0100
Kokou Agbo Bloua, global head of flow strategy and solutions at Societe Generale, discusses what he perceives as positioning in the oil market.
BOE stress tests a good thing for banks overall
Mon, 27 Mar 2017 06:29:00 +0100
CNBC's Gemma Acton speaks about her expectations of the Bank of England's stress-testing reform, adding that Brexit must be factored in.
Germany's Saarland state election a litmus test for Shulz
Mon, 27 Mar 2017 06:29:00 +0100
Annette Weisbach weighs in on this weekend's Saarland state election in Germany, which could foreshadow the outcome of the federal election in September.
Software that monitors financial firms' employees
Mon, 27 Mar 2017 06:29:00 +0100
Behavox CEO Erkin Adylov discusses the market for his compliance-monitoring software.
Trump still has potential to boost the economy: SocGen
Mon, 27 Mar 2017 06:19:00 +0100
Kokou Agbo Bloua, global head of flow strategy and solutions at Societe Generale, says that he thinks that U.S. President Donald Trump still has potential to boost the economy.
BOE reforms stress-testing framework
Mon, 27 Mar 2017 06:19:00 +0100
CNBC's Gemma Acton discusses the Bank of England's stress tests, which she anticipates will include "quite a few changes on the assumption side ... Less so on the framework side."
Merkel or Schulz will not affect integrity of euro zone: UniCredit
Mon, 27 Mar 2017 06:19:00 +0100
Vasileios Gkionakis, head of global FX strategy at UniCredit, reacts to this weekend's Saarland state election in Germany.
French election risk concentrated in fixed income area: SocGen
Mon, 27 Mar 2017 06:19:00 +0100
Kokou Agbo Bloua, global head of flow strategy and solutions at Societe Generale, discusses the risks surrounding this year's spate of European elections.
Why Trump's fate could equal that of Greece's Tsipras
Mon, 27 Mar 2017 06:19:00 +0100
Vasileios Gkionakis, head of global FX strategy at UniCredit, adds that "populism relies on hearsay."
Dollar has wiped out its Trump-related gains: UniCredit
Mon, 27 Mar 2017 06:15:00 +0100
Vasileios Gkionakis, head of global FX strategy at UniCredit, discusses the market reaction to U.S. President Donald Trump's failed health-care bill.
China's Industrial Profits Surge
Mon, 27 Mar 2017 05:19:39 +0100
China's industrial profits grew sharply in the first two months of the year, driven by faster rise in prices of coal, steel and crude oil, data from the National Bureau of Statistics showed Monday.
Japan Corporate Service Prices Rise 0.8% In February
Mon, 27 Mar 2017 01:15:44 +0100
Corporate service prices in Japan were up 0.8 percent on year in February, the Bank of Japan said on Monday.
Toshiba's Westinghouse may file bankruptcy Tuesday, seeks Kepco aid: Nikkei
Sun, 26 Mar 2017 23:35:00 +0100
Westinghouse Electric could file for bankruptcy protection as early as Tuesday.
Japan Producer Prices On Tap For Monday
Sun, 26 Mar 2017 23:00:44 +0100
Japan will on Monday release February figures for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices were up 0.5 percent on year in January.
Intermittent Catheters Market Planning To Make The Most Of The Cost-Effectiveness Provided By Hydrophilic Coated Models - MarketIntelReports
Sun, 26 Mar 2017 16:00:00 +0100

Wilmington, Delaware, United States, March 26, 2017 (GLOBE NEWSWIRE) -- The report "Global Intermittent Catheters Market by Manufacturers, Regions, Type and Application, Forecast to 2021", available on MarketIntelReports, estimates that Japan's aging population will be a key growth driver during the forecast period. 

Browse numerous Market Tables as well as Figures which are spread through 115 Pages and an in-depth TOC on the "Intermittent Catheters Market 2016 - 2021" http://www.marketintelreports.com/report/GLFR940/global-intermittent-catheters-market-by-manufacturers-regions-type-and-application-forecast-to-2021

Scope & Regional Forecast of the Intermittent Catheters Market

Urinary catheters are hollow, partially flexible tubes that collect urine from the bladder. Urinary catheters come in many sizes and types. There are three main types of catheters including: Indwelling Catheters (Urethral or Suprapubic Catheters), External Catheters (Condom Catheters) and Short-Term (Intermittent) Catheters. Intermittent catheters are intended to be used to provide an intermittent pathway for short term drainage of ...

Full story available on Benzinga.com

Iran sanctions 15 US firms, citing human rights and Israel ties
Sun, 26 Mar 2017 12:33:00 +0100
It was not immediately clear if any of the companies had any dealings with Iran.
Universal income may help alleviate the 'US of anxiety' — or become a lesson in 'bad math'
Sat, 25 Mar 2017 21:00:00 +0000
The idea of a universal basic income is nothing new, but now more people are beginning to consider its feasibility in the U.S.
The robot invasion is coming, and its gunning for at least 30 percent of the jobs in US, UK
Sat, 25 Mar 2017 18:22:00 +0000
Accounting firm PwC says nearly a third of British jobs might be threatened by robots.
After getting 'rolled' by his own party, Trump's entire agenda looking grim, analysts say
Sat, 25 Mar 2017 14:30:00 +0000
The president just got 'rolled' by his own party, one political veteran told CNBC.
Here's how stocks could react now that the GOP health-care bill has been killed
Fri, 24 Mar 2017 22:57:00 +0000
Managed care and drug stocks will be ones to watch, now that the GOP's health-care bill has been stopped.
Health care was a disaster for Republicans, but tax reform is no picnic, either
Fri, 24 Mar 2017 21:39:00 +0000
Tax reform will pit powerful constituencies against one another within the party, Politico's Ben White says.
What do Trump and Ryan really think about Obamacare£
Fri, 24 Mar 2017 20:07:00 +0000
Here's a running list of things President Trump and Republican Speaker Paul Ryan have said about Obamacare.
Trump touts jobs commitment first made in 2015
Fri, 24 Mar 2017 19:12:00 +0000
The president praised a 2015 plan by cable company Charter Communications to hire 20,000 American call center workers.
North Dakota oil spill 3 times larger than first estimated
Fri, 24 Mar 2017 16:28:00 +0000
A December oil pipeline spill in western North Dakota might have been three times larger than first estimated.
Iconic Haribo gummy bears will soon be 'Made in the USA'
Fri, 24 Mar 2017 15:24:00 +0000
Haribo, which invented the gummy bear nearly a century ago, said Friday it would open a factory in Wisconsin in 2020.
Fed's Dudley: We want to make monetary policy 'less accommodative'
Fri, 24 Mar 2017 15:14:00 +0000
New York Fed President William Dudley spoke to students during a fireside chat at York College Friday morning.
Fed's Bullard says he's okay with another rate hike this year
Fri, 24 Mar 2017 14:30:00 +0000
The Fed should also begin allowing its massive portfolio to run off, St. Louis Federal Reserve Bank President James Bullard said on Friday.
Tired Of Waiting: Health Bill Still Occupies Center Stage As Vote Is Awaited
Fri, 24 Mar 2017 14:14:51 +0000

Yogi Berra once said, “It’s like déjà vu all over again.” It feels that way now as investors wait for a health care vote in Washington.

The vote—originally scheduled for Thursday—got put off until today, and it’s unclear when it might happen. Just like yesterday, the markets could be on edge until there’s some sort of resolution, but futures were trading a little higher, so there’s apparently some thought that this might get done. We’ll see if President Trump, the man who authored “The Art of The Deal,” can get a deal through Congress.

Generally, the feeling seems to be that failure to pass the bill might raise doubts about the president’s ability to push through other key elements of his agenda, including those like tax reform and infrastructure that potentially could have positive effects on stocks. Many investors are impatient waiting for these plans, which the administration said would have to come after health care. Doubts about tax and infrastructure policy success would probably not go down well in the markets, which built their post-election rally in part around those promises.

The health care sector fell slightly on Thursday ahead of the vote (see chart). Weakness was most evident in the health care providers and services industry, a sub-sector of health care that arguably would be the most heavily affected by any health legislation.

Aside from the health care bill and some continued jitters over Wednesday’s terrorist attack in London, Thursday was a rather quiet day. In some ways, it was almost like a Fed meeting day, with few people wanting to get out in ...

Full story available on Benzinga.com

ECB's Praet Says Populist Narrative Against Euro Deceptive
Fri, 24 Mar 2017 13:53:55 +0000
Populist narrative that things were better before the euro is a deception and the single currency and EU are made scapegoats, European Central Bank Executive Board member Peter Praet said.
How Thrivent hopes to grow beyond its base of religious investors
Fri, 24 Mar 2017 13:51:34 +0000
NEW YORK (Reuters) - Little-known Thrivent Financial, a Minneapolis-based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand...
After Trump rally, equity investors move into healthcare, retailers
Fri, 24 Mar 2017 13:48:07 +0000
NEW YORK (Reuters) - High U.S. share prices are pushing Lipper Award-winning equity fund managers into the shares of beaten-down healthcare companies, retailers and emerging-market stocks that they...
Emerging markets land top of managers' portfolios with rising rates
Fri, 24 Mar 2017 13:40:45 +0000
NEW YORK (Reuters) - Rising short-term interest rates in the United States are prompting Lipper Award-winning bond fund managers to add emerging-market debt and non-agency backed residential...
Believe Trump — pass GOP health bill or Obamacare stays, warns White House budget director Mulvaney
Fri, 24 Mar 2017 13:40:00 +0000
White House budget director Mick Mulvaney also tells CNBC he's not sure the administration has enough votes for passage.
U.S. Durable Goods Orders Climb 1.7% Amid Jump In Aircraft Demand
Fri, 24 Mar 2017 13:09:28 +0000
Reflecting a continued increase in demand for commercial aircraft and parts, the Commerce Department released a report on Friday showing that new orders for U.S. manufactured durable goods shot up by more than anticipated in the month of February. The report said durable goods orders jumped by 1.7 percent.
Traders Focus On Washington Ahead Of Key Vote
Fri, 24 Mar 2017 12:52:59 +0000
The major U.S. index futures are pointing to a higher opening on Friday, although traders may be reluctant to make significant moves as the House prepares to hold a vote on a Republican bill to repeal and replace Obamacare.
Treasury Sec Mnuchin says will try to get 'comprehensive' tax reform done by Congress' August recess
Fri, 24 Mar 2017 12:43:00 +0000
Treasury Secretary Steven Mnuchin said the tax plan will be comprehensive, including both personal and corporate tax reform.
U.S. Durable Goods Orders Climb More Than Expected In February
Fri, 24 Mar 2017 12:40:42 +0000
Reflecting a continued increase in demand for commercial aircraft and parts, the Commerce Department released a report on Friday showing that new orders for U.S. manufactured durable goods shot up by more than anticipated in the month of February.
US durable goods orders rose in February, led by aircraft
Fri, 24 Mar 2017 12:30:00 +0000
Orders for long-lasting factory goods were expected to rise 1.2 percent in February after increasing 1.8 percent a month earlier.
Eurozone Private Sector Activity Expands Most In Nearly 6 Years
Fri, 24 Mar 2017 11:52:13 +0000
Eurozone private sector activity expanded at the fastest pace in almost six years in March, amid robust new orders and employment growth in both manufacturing and service sectors. The composite output index rose unexpectedly to 56.7 from 56.0 in February, flash data from the purchasing managers' survey by IHS Markit showed Friday. The score was forecast to fall slightly to 55.8.
Russia Central Bank Unexpectedly Cuts Key Rate, Signals More Reduction
Fri, 24 Mar 2017 11:39:54 +0000
Russia's central bank unexpectedly reduced its key interest rate on Friday, after holding it steady for three sessions in a row, and said it could lower it further as inflation slowdown was faster-than-expected amid an economic recovery though risks remain elevated.
Thousands of Mobileyes waiting to pop up in China: Yossi Vardi
Fri, 24 Mar 2017 10:02:00 +0000
International Technologies Chairman Yossi Vardi adds that Chinese technology companies are "building a huge and solid foundation on the domestic market."
Hedge fund manager Eric Mindich shuts down Eton Park
Thu, 23 Mar 2017 20:49:36 +0000
BOSTON (Reuters) - Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Now the fund is being shut down, becoming the year's most...
For Goldman Sachs, a rare pass from shareholder resolutions
Thu, 23 Mar 2017 20:35:57 +0000
NEW YORK/BOSTON (Reuters) - For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities...
Why Wall Street should stop freaking out about the health-care vote
Thu, 23 Mar 2017 19:59:00 +0000
Investors' fears about the Obamacare repeal aren't likely to be realized, according to analyses ahead of Thursday's vote.
Top House tax writer suggests measures to mitigate the impact of the border tax
Thu, 23 Mar 2017 16:50:00 +0000
House Ways and Means Committee Chairman Kevin Brady offers ideas on how to blunt the initial impact of a border adjustment tax on imports.
500,000 jobs added to health-care sector under Obamacare, Goldman Sachs estimates
Thu, 23 Mar 2017 16:24:00 +0000
The analysis comes as the House of Representatives is poised to vote on a bill to replace key parts of Obamacare.
Obamacare repeal could undermine a major pillar of President Trump's agenda
Thu, 23 Mar 2017 14:51:00 +0000
Goldman estimates every percentage point increase of Americans with health insurance yielded a 0.6 percent rise in health employment.
Joe Biden says Republican health care is a giveaway to the rich
Thu, 23 Mar 2017 14:13:00 +0000
Biden said eliminating Obamacare would only benefit drug, insurance and medical device companies, USA Today reports.
Health Care Vote Looms With Market Focused On Possible Tax Policy Implications
Thu, 23 Mar 2017 14:06:27 +0000

Today is all about the health care bill, but the elephant in the room is tax policy. Trading could be a bit flat until there’s better insight into how the health vote might play out.

We sometimes talk about companies or products being derivatives for something else, and in this case, the healthcare vote looks like it’s become a derivative as to whether President Trump can work together with Republicans in Congress to get a tax plan passed. It’s test number one.

If Trump and Congress can’t get the health care bill through, it could lead to worries that Congress might also have difficulty passing tax policy. Some of the recent rockiness in stocks might reflect growing concern that business-friendly tax policy may be delayed or not come at all. Additionally, there’s impatience to hear more about infrastructure plans, another bedrock of the four-month rally since Trump’s election.

Health care is important on its own, as well, and health stocks might be where the action is once the vote occurs. Right now, there are too many moving pieces to say exactly how a yes or no vote on the bill would affect the health sector in particular. And it’s still unclear how the vote could go and even when it might occur, media reports say.

In pre-market trading, indicators looked mostly positive, with stock futures pointing to a marginally higher open, crude oil up slightly from recent lows, 10-year bond yields up a few ticks to 2.42%, and the dollar gaining ...

Full story available on Benzinga.com

Jeopardy host Alex Trebek provides a few answers of his own
Thu, 23 Mar 2017 13:01:48 +0000
NEW YORK (Reuters) - Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario.
Stocks May Lack Direction Amid Focus On Capitol Hill
Thu, 23 Mar 2017 12:52:05 +0000
The major U.S. index futures are pointing to a slightly higher opening on Thursday, although trading activity may be subdued amid a focus on Capitol Hill ahead of an anticipated vote on the Republican plan to repeal and replace Obamacare.
Perspective Needed: Nervousness Remains, But One Day Doesn't Tell Entire Story
Wed, 22 Mar 2017 14:00:39 +0000

More selling pressure could stalk the market early today following Tuesday’s plunge, but after the first 1% drop in well over 100 days, it’s important to take a big-picture look at the situation.

Yes, the market stumbled Tuesday and could slip again early Wednesday. But it was one bad day. Could it be the start of something more£ Yes, but let’s keep things in perspective. Typically on days like this there’s some buying interest by midday, so keep an eye out for that possibility.

The important level to watch in the S&P 500 Index (SPX) is 2350. That had been a level of support, but the market closed below it Tuesday. The index isn’t too far off that figure, so it might be useful to watch 2350 today and see if the market can hold it.

Several factors combined to gang up on the markets yesterday. The first was weakness in crude oil. When oil turned lower, the rest of the market started to follow.

Also, concerns arose that trouble passing the administration’s health care bill could jeopardize the President’s future tax reform plan. Additionally, there’s still not enough detail around the tax proposal. Many investors are nervous about that, and it’s affecting confidence.

The retreat continued overnight, with Asian and European stocks falling in the wake of the U.S. sell-off. Japan’s Nikkei fell more than 2%.

Financials led the way down on Tuesday, falling nearly 3% as several big banks got hammered. It’s possible that slumping 10-year yields, which fell back toward the middle of their recent range, may be hurting the financial sector. The 10-year yield dropped to around 2.41% by early Wednesday, down from recent highs above 2.60% and not that far off of recent 2.3% lows. Higher yields tend to be positive for banks, which can make more money off of loans when interest rates rise.

Yields have been on the retreat pretty much since the Fed meeting last week, when the ...

Full story available on Benzinga.com

Mester says favors steps this year to reduce Fed's balance sheet
Wed, 22 Mar 2017 12:58:00 +0000
Cleveland Fed President Mester said that if the economic data holds up she supports the U.S. central bank taking steps that would begin to reduce its debt.
Concerns About Trump Agenda May Continue To Weigh On Wall Street
Wed, 22 Mar 2017 12:51:38 +0000
The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks poised to see further downside following the sell-off seen in the previous session.
Mortgage applications fall 2.7%, as borrowers turn to riskier loans
Wed, 22 Mar 2017 11:00:00 +0000
Higher housing costs have borrowers searching for the best deals on home loans.
Hot US real estate a potential red flag, warns Fed's Rosengren
Wed, 22 Mar 2017 10:06:00 +0000
The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday.
Fed's Kaplan sees 3 rate hikes in 2017, no rush on balance sheet
Wed, 22 Mar 2017 09:51:00 +0000
The Fed should raise rates two more times this year and continue work on a plan to trim its massive balance sheet, Dallas Fed President Robert Kaplan said.
Trump Tax Policy Awaited As Markets Flounder About Seeking A New Catalyst
Tue, 21 Mar 2017 14:06:29 +0000

With little economic data on the horizon and the Fed meeting well behind, the market appears to be looking for new catalysts. One that many investors would like to see is tax policy from the new administration.

The S&P 500 (SPX) and the Dow Jones Industrial Average ($DJI) have now both gone more than 110-consecutive sessions without falling 1% or more. The Nasdaq set an intra-day high yesterday. But there wasn’t much in the way of a catalyst. Volume has been light and trading has been “dishwater dull,” as the expression goes.

Stocks might continue to flounder in somewhat dull trading today with catalysts seemingly lacking. It’s one of these markets where we keep looking for news out of Washington, D.C. Not a lot of the news has been tax-related, so markets continue to flounder around. Tax policy is the major piece of legislation many are focused on, and until it comes out, this lack of direction might be sustained for a while.

Fed speakers dominate the action this week, and Monday started things off with comments from several Fed presidents. The big takeaway from their remarks is that three rate hikes remain a possibility for 2017—not a surprise considering that’s what the Fed projections showed after last week’s meeting—and that economic growth and inflation still haven’t been as quick as some at the Fed would like to see.

Philadelphia Fed President Patrick Harker told CNBC that there’s been a rise in consumer confidence based on the new administration’s proposed infrastructure and tax policies, but that “confidence has to translate into action.” That would seem to echo what many investors have been thinking as anticipation grows for more details around President Trump’s economic policies.

Several other Fed presidents and Fed Chairman Janet Yellen all have remarks scheduled this week (see below). That includes a few today. However, keep in mind that the Fed speeches may be interesting to listen to, but probably won’t have much effect on the market. At some point, people are just looking for something to trade, and no ...

Full story available on Benzinga.com

US current account shrinks in fourth quarter
Tue, 21 Mar 2017 13:14:00 +0000
The Commerce Department said on Tuesday the current account deficit fell 3.1 percent to $112.4 billion.
Futures Pointing To Modestly Higher Open On Wall Street
Tue, 21 Mar 2017 12:41:11 +0000
The major U.S. index futures are pointing to a modestly higher opening on Tuesday, although traders may remain reluctant to make any significant moves. Traders may remain on the sidelines amid another quiet day on the U.S. economic front, looking ahead to reports on new and existing homes and durable goods orders due later in the week.
Don’t look now, but inflation may be about to surge
Tue, 21 Mar 2017 12:00:00 +0000
Investors aren't properly pricing rising inflation into their decision making, according to one portfolio manager.
After Early Focus On Trade And Brexit, Week Ahead Brings Housing Data, Fed Speakers
Mon, 20 Mar 2017 14:39:40 +0000

Housing data, a slew of Fed speakers, and even some important earnings reports highlight the week ahead as investors digest last week’s interest rate hike.

Stock futures pointed to a lower open amid pressure from the weekend’s G20 meeting of world financial officials. The meeting appeared to raise concerns about possible trade wars as the U.S. convinced the group to drop a policy pledge against protectionism, media reports said. In other news from overseas, Reuters reported that Britain would begin the formal Brexit process March 29.

On the home front, most economic growth indicators have been positive of late, setting the stage for some key housing numbers in the coming days. February existing home sales are due Wednesday morning, followed by new home sales on Thursday morning.

Existing home sales and prices have been on the rise over the last few months, but limited inventory seems to be making homes less affordable for some buyers. Existing home inventories fell in January for the 20th straight month. Unsold inventory fell to the lowest level in 12 years.

Housing starts seem to be reacting, jumping 3% in February to a seasonally-adjusted rate of 1.288 million, the highest since last October. New home sales rose 5.5% year over year in January to a seasonally-adjusted rate of 555,000, so we’ll find out Thursday if February sales kept up the momentum.

Another closely watched indicator—industrial output—was flat in February, the government reported Friday. But that reflected a nearly 6% drop in the utilities reading, a sign that unusual February warm weather probably affected heating demand during the month. Other parts of the report somewhat offset the utilities dive, including a 0.5% rise in manufacturing and a 2.7% rise in mining. As we noted before the report came out, it’s important to ...

Full story available on Benzinga.com

After Passing Debt Ceiling Deadline, What Are The Odds Of A Government Shutdown£
Mon, 20 Mar 2017 14:38:32 +0000

The deadline for the government to raise the debt ceiling has come and gone without any resolution from Congress. However, Americans should have no immediate concerns over a potential government shutdown.

Although the government is forbidden from officially taking on new debt until a resolution is reached, the Trump administration can implement “emergency measures” to keep Washington running in the near term.

Emergency Measures Keep Lights On In Washington

According to Height Capital, the new deadline for investors to watch ...

Full story available on Benzinga.com

Benzinga's Picks And Pans: BlackBerry, McDonald's, Rite Aid And More
Mon, 20 Mar 2017 14:09:03 +0000
  • Benzinga has featured a look at many investor favorite stocks over the past week.
  • That includes how one fast-food giant is taking on the competition and how traders can play a potential failed merger.
  • The outlooks for rail stocks, a struggling retailer and a cellphone maker left for dead are also examined.

The past week saw the first Federal Reserve rate increase of 2017, and the markets have retreated somewhat from recent highs. The following are just a few investor favorite stocks featured by Benzinga during the week.

A Different Cup Of Joe: McDonald's Vs. Starbucks

"Starbucks Vs. McCafé: Can McDonald's Take Market Share£" by Brett Hershman asks whether McDonald's Corporation (NYSE: MCD) can compete with Starbucks Corporation (NASDAQ: SBUX) in the coffee arena. The fast-food giant has begun testing several new McCafé drinks in California. "There's so much more we can do with this," says McDonald's.

Pharmacies: Rite Aid And Walgreens

In "Has Rite ...

Full story available on Benzinga.com

We're robbing from the future to pay for the past, former Sen. Bob Kerrey says
Mon, 20 Mar 2017 13:52:00 +0000
"It is a lot easier to screw young people than older people because they don't vote and we do," Kerrey tells CNBC.
Business confidence in Trump has not translated into much action, Fed's Harker argues
Mon, 20 Mar 2017 13:48:00 +0000
Philadelphia Fed President Patrick Harker also said getting a 2017 rate hike out of the way in March just "made sense."
Fed voter Kashkari makes case for no more rate hikes
Mon, 20 Mar 2017 13:42:00 +0000
Inflation has a lot of room to rise without creating worries, the Fed's Neel Kashkari tells CNBC.
If the US wants high-end manufacturing jobs, the US needs imports
Mon, 20 Mar 2017 13:10:00 +0000
President Trump's goals to reduce imports and boost manufacturing may run into snags in the web of trade flows.
Light Economic Calendar May Lead To Choppy Trading
Mon, 20 Mar 2017 12:55:10 +0000
The major U.S. index futures are pointing to a modestly lower opening on Monday following the lackluster performance seen last Friday. Disappointment with the outcome of the G20 meeting may weigh on the markets, as finance ministers failed to agree on a commitment to keep global trade free and open.
Why It May Be Getting Easier To Cheat On Your Taxes
Mon, 20 Mar 2017 12:39:20 +0000

With President Donald Trump's administration having released its federal budget proposal last week, the rest of the country is similarly occupied arranging their own finances as tax season is now well underway.

The Internal Revenue Service may not be prepared for what either the president or the population at large has in store for them this year.

Fewer Agents, Fewer Audits

According to an Associated Press report, the 2017 tax season may end up being the least audited one in years. The rate of audits is already on the decline over the past six years, dropping by 16 percent to just over 1 million audits performed from 2015 to 2016.

The agency points to budget and staff cuts for the decreased stringency, ...

Full story available on Benzinga.com

Work requirement for the poor, tax credit boost in the works for health plan, House Speaker Ryan says
Sun, 19 Mar 2017 17:24:00 +0000
"We think we should be offering more assistance than the bill currently does," Ryan tells Fox News Sunday
OMB Director Mulvaney defends budget blueprint that won't balance
Sun, 19 Mar 2017 17:12:00 +0000
Mulvaney defended the administration's budget blueprint for not reducing the deficit, NBC News reports.
Yellen's exit may prompt the Fed to pare its balance sheet sooner rather than later, Goldman says
Sun, 19 Mar 2017 13:14:00 +0000
Janet Yellen may exit next year, and Goldman Sachs thinks that could push the Fed to move on its balance sheet.
Russians are surging into New York real estate, data show
Sun, 19 Mar 2017 12:20:00 +0000
The Russians are coming£ In a way, yes--to frothy New York real estate.
Get Ready For A Slew of Data As Weekend Nears
Fri, 17 Mar 2017 14:29:52 +0000

The week may be almost over, but there’s still some data to comb through before people go home.

Friday brings another string of economic numbers, including February industrial production, February leading indicators, and the first read on March consumer sentiment from the University of Michigan. Arguably the biggest of these to watch is industrial production, which analysts expect to rise 0.2% in February following a 0.3% contraction in January.

The market seemed primed for a slightly higher open after a mixed performance from overseas markets. Today’s data-fest could help determine some of the direction once the numbers come in. Otherwise, things appear pretty quiet as an eventful week rolls toward its close. 

That thud you heard Thursday was the health care sector, which dropped nearly 1% and appeared to drag on the S&P 500 Index (SPX). A lot of commentary focused on Biogen Inc (NASDAQ: BIIB), a high-profile biotech stock that slumped 4% after a downgrade. And biotechs seemed to pull down the health care sector as a whole, with the S&P Biotechnology Index falling more than 1%.

Still, even with Thursday factored in, biotechs have performed pretty well over the last three months, and certainly the extended slide that hit the sector in the second half of 2015 appears to be long over. Additionally, health care as a whole is up nearly 10% over the last three months, making it one of the leading sectors over that stretch. Perhaps some of the selling Thursday reflected profit taking.

Speaking of sectors, financials recovered ...

Full story available on Benzinga.com

Choppy Trading May Persist Ahead Of G20 Meeting
Fri, 17 Mar 2017 12:45:23 +0000
The major U.S. index futures are pointing to a roughly flat opening on Friday following the lackluster performance seen in the previous session. Traders may look to take a breather as they continue to digest Wednesday's closely watched monetary announcement from the Federal Reserve.
Rally Flag Keeps Waving As Market Builds On Yesterday's Fed Rally
Thu, 16 Mar 2017 14:32:48 +0000

After all the anticipation of a rate hike, stocks surged once the news hit the wire Wednesday. That was a bit of a surprise, considering how well the Fed telegraphed this 25-basis point increase. Stock futures pointed toward a higher open Thursday, helped in part by a slight recovery in oil prices from recent three-month lows.

The Fed seemed to satisfy bullish investors, raising rates as promised but not sounding too hawkish about future policy. Three rate hikes, including yesterday’s, remain the Fed’s 2017 plan for now, not four, as some economists started talking about earlier this week. The “dot matrix” of where Fed officials expect rates to be didn’t change much from last time, and CME futures showed chances of a fourth hike falling slightly to around 22%.

Basically, the Fed stuck with the script many people wanted to hear, and that helps explain the big rally to some degree. It may have simply reflected relief.

So now that the rate hike is reality and futures prices don’t point toward another one until June at the earliest, what is the market likely to focus on£ It may be back to trading fiscal policy instead of monetary policy, with investors still waiting for more details behind the new administration’s tax and infrastructure plans.

Investors got a taste of at least one of the administration’s plans Wednesday, when President Trump directed the Environmental Protection Agency (EPA) to put aside aggressive fuel mileage targets for automakers. One thing the administration has promised is to remove regulatory burdens like that one from manufacturers, hoping to spur stronger growth.

But that was only a small part of all the economic promises the new administration has made, and some of the flat to weaker trading ahead of the Fed meeting might have reflected investors growing a little tired of waiting for more clarity.

One might assume that financial stocks, which often benefit from higher interest rates, ...

Full story available on Benzinga.com

Positive Reaction To Fed May Lead To Further Upside On Wall Street
Thu, 16 Mar 2017 13:01:20 +0000
The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to see further upside after moving notably higher over the course of the previous session. Stocks may continue to benefit from a positive reaction to yesterday's monetary policy announcement by the Federal Reserve.
Fed Reaction: Markets Get Some Oomph On Rate Hike
Wed, 15 Mar 2017 21:01:55 +0000

In what the futures markets appeared to see as a foregone conclusion, the Federal Reserve raised interest rates this afternoon for the third time in a decade and indicated there are likely two more hikes on this year’s horizon.

The Central Bank moved the federal funds rates to a range of 0.75%-1%, bumping it up 25 basis points. Some moderate changes were made in its statement, but it said it was on track to continue to lift rates in quarter-percentage-point increments twice before the end of the year.

In her press conference after the announcement, Chair Janet Yellen said that the Fed has not reassessed its outlook on the economy, which it still sees expanding at a moderate pace.

Where’s the News£

As we’ve noted often, the Fed is not in the habit of shocking the markets and certainly didn’t today. The Fed said in December that this year would likely hold three hikes, but the markets, as seen through the Fed fund futures prices, didn’t necessarily buy it earlier this year. Fed governors, however, made it clear in recent weeks that March was very much, as they like to say, a “live” meeting.

That meant today’s nonevent was widely expected and the market action this week has been somewhat muted ahead of it. Immediately after the increase was announced, the three major benchmarks moved to the upside.

The Fed appeared to answer the big question looming in recent sessions on whether there would only be three hikes this year. The median forecasts from the Fed now implies rates will sit at 1.375% at ...

Full story available on Benzinga.com

Fed Moves Markets With First Rate Hike Of 2017: On Path To 'Beautiful Normalization'
Wed, 15 Mar 2017 19:44:30 +0000

The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday.

The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 0.75-1.0 percent.

Despite the fact that rising interest rates are typically bad for stocks and commodities like gold, both the SPDR S&P 500 ETF Trust (NYSE: SPY) and the SPDR Gold Trust (ETF) (NYSE: GLD) initially jumped following the announcement.

The iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE: TLT) also gained ground following the announcement, while the iPath S&P 500 VIX Short Term Futures TM ETN (NYSE: VXX) continued its Wednesday decline.

In its statement, the Fed said business fixed investment “appears to have firmed somewhat.”

“Inflation has increased in recent quarters, moving close to the Committee’s 2 percent longer-run objective,” the Fed adds.

Economists certainly weren't surprised by the ...

Full story available on Benzinga.com

The Federal Funds Rate And How It Impacts You
Wed, 15 Mar 2017 17:41:54 +0000

At 2 p.m. EST, the Federal Reserve is expected to announce another interest rate hike. While most Americans are familiar with the idea of a federal interest rate, interest rates on different U.S. bonds, bank accounts, credit cards, mortgages and other financial instruments vary widely.

Update: The Fed announced it will up the fed funds target rate by 0.25 percent to a range of 0.75-1.0 percent.

What rate exactly is the Federal Reserve changing and what type of direct impact does it have£

Fed Funds Rate

The Federal Reserve has control over the federal funds rate. The federal funds rate is a specific interest rate that dictates the interest rate charged on funds borrowed overnight by major financial institutions. Because the fed funds rate only applies to a limited number of institutions and ...

Full story available on Benzinga.com

Traders May Stick To The Sidelines Ahead Of Fed Announcement
Wed, 15 Mar 2017 13:03:38 +0000
The major U.S. index futures are pointing to a higher opening on Wednesday following the modest drop seen in the previous session. However, traders may be reluctant to make any significant moves ahead of the Federal Reserve's monetary policy announcement due this afternoon.
Looming Fed Meeting May Lead To Choppy Trading On Wall Street
Mon, 13 Mar 2017 13:00:59 +0000
The major U.S. index futures are pointing to a roughly flat opening on Monday following the weakness seen last week. Traders may be reluctant to make any significant moves ahead of the Federal Reserve's monetary policy announcement on Wednesday.
Upbeat Jobs Data May Lead To Early Strength On Wall Street
Fri, 10 Mar 2017 12:56:37 +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 February.
Futures Pointing To Roughly Flat Open On Wall Street
Thu, 09 Mar 2017 13:03:48 +0000
The major U.S. index futures are pointing to a roughly flat opening on Thursday, with stocks poised to turn in another lackluster performance. Trepidation ahead of the release of the closely watched monthly jobs report on Friday may keep some traders on the sidelines.
Looming Jobs Report, Fed Meeting May Lead To Choppy Trading
Wed, 08 Mar 2017 12:57:25 +0000
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the modest weakness seen in the two previous sessions. Traders may be reluctant to make significant moves ahead of the monthly jobs report due on Friday as well as next week's Federal Reserve meeting.
Profit Taking, Rate Hike Concerns May Weigh On Wall Street
Tue, 07 Mar 2017 13:04:18 +0000
The major U.S. index futures are pointing to a slightly lower opening on Tuesday, with stocks likely to see further downside following the modest weakness seen in the previous session. Traders may continue to cash in on some of the recent strength in the markets, which lifted the major averages to record highs last Wednesday.
Stock Futures Pointing To Early Weakness On Wall Street
Mon, 06 Mar 2017 12:58:56 +0000
The major U.S. index futures are pointing to a lower opening on Monday following the strength seen last week. Profit taking may contribute to early weakness on Wall Street, as some traders cash in on the recent strength in the markets.
Focus On Yellen Speech May Lead To Choppy Early Trading On Wall Street
Fri, 03 Mar 2017 12:39:37 +0000
The major U.S. index futures are pointing to a mixed open on Friday, as traders may be reluctant to make any significant moves ahead Federal Reserve Chair Janet Yellen's speech to the Executives' Club of Chicago this afternoon.
Futures Pointing To Continued Strength On Wall Street
Thu, 02 Mar 2017 12:56:16 +0000
The major U.S. index futures are pointing to a modestly higher opening on Thursday following the rally seen in the previous session. Stocks may continue to benefit from optimism about President Donald Trump's policies on the heels of his speech Tuesday night.
Positive Reaction To Trump Speech May Lead To Rally On Wall Street
Wed, 01 Mar 2017 12:56:12 +0000
The major U.S. index futures are pointing to a sharply higher opening on Wednesday, reflecting a positive reaction to President Donald Trump's address to a joint session of Congress. While Trump's speech lacked details on his plans for tax reform and replacing Obamacare, investors seem relieved that he struck a softer, more conventional tone.
Focus On Trump Speech May Lead To Choppy Trading On Wall Street
Tue, 28 Feb 2017 12:54:28 +0000
The major U.S. index futures are pointing to a roughly flat opening on Tuesday as traders await President Donald Trump's highly anticipated speech to a joint session of Congress. The markets have recently benefited from optimism about pro-business policies under Trump, and traders will be looking additional details on his policies on tax reform, deregulation, and infrastructure spending.
Futures Pointing To Modestly Lower Open On Wall Street
Mon, 27 Feb 2017 12:59:22 +0000
The major U.S. index futures are pointing to a modestly lower opening on Monday following the strength seen in the previous week. Profit taking may lead to weakness on Wall Street following the recent strength in the markets. Nonetheless, trading activity may be somewhat subdued ahead of President Donald Trump's speech to a joint session of Congress on Tuesday.
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...
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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