Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
The revelation that the FBI has opened a new investigation into U.S. presidential candidate Hillary Clinton's private email server weighed on global stock markets on Monday, a little more than a week from election day. Investors around the world also have a raft of potentially market-moving data and events to monitor this week, culminating with Friday's U.S. non-farm payrolls report for October.
As the race heats up to create the most innovative and unique in-flight connectivity services and products, funding for new technology advancements and acquisitions increases as tech leaders aim to build unique revenue stream as a result of infusing evolving technology into various aviation/drone/aerospace operations. Tech stocks in the markets of note include: Gogo, Inc. , Airborne Wireless Network , Globalstar, Inc. , Rockwell Collins Inc. and Facebook Inc. it submitted its application and related documentation with the Federal Aviation Administration for initial certification.
China stocks ended slightly lower on Monday as sentiment was dampened by warnings from top policymakers about asset bubbles and uncertainties around the U.S. presidential election. The blue-chip CSI300 index fell 0.1 percent, to 3,336.28, while the Shanghai Composite Index eased 0.1 percent to 3,100.49 points.
Asian stocks wobbled Monday as a revived FBI inquiry into U.S. presidential candidate Hillary Clinton's private email server sharpened uncertainty over the election, while investors also awaited key economic data this week. KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.4 per cent to 17,369.48 and South Korea's Kospi also shed 0.4 per cent, to 2,010.41.
Barclays Plc is trying to draw a line at $2 billion in penalties to settle a U.S. investigation into its sale of mortgage securities after it received an opening offer that it considered too high, according to a person with knowledge of the situation. The Justice Department's starting point for negotiations wasn't disclosed but was less than the $14 billion initially presented by the government to Deutsche Bank AG in its talks with the U.S. over similar allegations, two people with knowledge of the matter said.
Stocks closed with mixed results in trading Oct. 21, with the Dow Jones Industrial Average retreating 0.09% to 18,145.71 and the S&P 500 dipping 0.01% to 2,141.16, while the Nasdaq composite index gained slightly, adding 0.30% to end at 5,257.40. revealed Oct. 20 that the Federal Reserve Bank of Atlanta and the Louisiana Office of Financial Institutions gave the company a "troubled condition" designation.
A number of European high-yield investors say they're switching to defensive asset-allocation strategies amid fears over political and monetary shocks, as well as poor liquidity in the bond market. The portfolio managers are shortening the duration of their credit portfolios, stocking up on less-risky credits and building up cash balances as they position for the prospect that event risks - from a Fed rate hike to elections in the U.S. and Europe - trigger credit spreads to widen.
The euro snapped two days of declines after the European Central Bank refrained from expanding its quantitative-easing program and left interest rates unchanged. The shared currency rose against 13 of its 16 major counterparts and was little changed versus the dollar.
This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. Major U.S. stock indexes edged mostly higher in early trading Wednesday, Oct. 19, 2016, as investors sized up the latest company earnings and new data showing residential construction slowed in the previous month.
Bumper US corn, soybean and wheat harvests will lift stocks by less than investors had expected, thanks to success in finding extra import buyers, according to official data - although prices tumbled nonetheless. The US Department of Agriculture, in its flagship monthly Wasde crop supply and demand report, pegged domestic soybean stocks at the close of 2016-17 at 395m bushels - a doubling over the course of the season but a figure smaller nonetheless than investors had expected.
NEW YORK, Oct 12 Investors turned away from risk in the stock market, snatching the most cash from U.S.-based equity funds in five months during the latest week, Investment Company Institute data showed on Wednesday. The withdrawals came as investors tried to stomach fears over Brexit, the stability of Deutsche Bank AG and the timing of the next U.S. interest rate hike.
Speaking on a panel at the Institute of International Finance in Washington D.C. on Saturday, Citigroup Inc. Chief Executive Officer Mike Corbat appeared to propose that a hybrid of monetary and fiscal stimulus could be used to buoy U.S. economic activity - a suggestion that bears a striking resemblance to a policy outlined by leader of the U.K. opposition. "The probably more effective mode of QE going forward is going to be some type of infrastructure projects, here in the U.S.," Corbat said in his remarks.
U.S. stocks rose on Monday as energy shares gained with oil prices and as Apple jumped following problems with rival Samsung Electronics Co Ltd's Note 7 phone. The Dow Jones industrial average rose 88.89 points, or 0.49 percent, to 18,329.38, the S&P 500 gained 9.93 points, or 0.46 percent, to 2,163.67 and the Nasdaq Composite added 36.27 points, or 0.69 percent, to 5,328.67.
Asian stocks were mixed Monday as traders watched the second U.S. presidential debate between Hillary Clinton and Donald Trump, with Japanese and Hong Kong markets closed for holidays. KEEPING SCORE: The Shanghai Composite Index rose 1.3 percent to 3,042.56 points and Sydney's S&P-ASX 200 advanced 0.1 percent to 5,474.90.
The Swiss bank that built its fortune tapping new opportunities in the U.S. two centuries ago is telling investors to ditch sclerotic Europe and have greater faith in emerging markets. According to Lombard Odier, Europe is facing at least another decade of ultra low interest rates, a scenario not unlike what's been playing out in Japan.
Unlike many pension investors, Sweden's 300 billion-krona AP7 fund, can to a large extent stay away from the bond markets. It's manager, Richard Grottheim, is remarkably positive.
A man walks past a stock quotation board outside a brokerage in Tokyo, Japan, September 9, 2016. A man walks past a stock quotation board outside a brokerage in Tokyo, Japan, September 9, 2016.
US futures pointed to negative open on Wall Street as worries about Deutsche Bank and the broader financial sector continued to weigh on investors' minds, although losses looked set to be fairly limited after Thursday's decline. At 1140 BST, Dow Jones Industrial Average and Nasdaq futures were down 0.3%, while S&P 500 futures were 0.2% weaker.
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