Category: Financial Markets

Emerging Markets-Brazil rate futures yields up slightly despite weak GDP

SAO PAULO, March 7 Yields paid on Brazilian interest rate futures rose slightly on Tuesday despite worse-than-expected fourth-quarter economic data, as traders bet the central bank will be more focused on upcoming economic reports in deciding the pace of interest rate cuts. Brazil’s gross domestic product contracted by 3.6 percent in 2016, statistics agency IBGE said, following a 3.8 percent drop in 2015.

Yellen, China and France Spell Gloomy Asian Start: Markets Wrap 29 minutes ago

Asian stock-index futures offered a mixed picture of small moves as trading gets underway after U.S. equities and bonds slipped. Caution is rippling through markets after Federal Reserve Chair Janet Yellen all but assured investors that interest rates will rise next week.  Overnight trading in equity contracts signaled moves of 0.1 percent or less for markets in Japan, China, Australia and South Korea.

Yellen, China and France Spell Gloomy Asian Start: Markets Wrap 29 minutes ago

Asian stock-index futures offered a mixed picture of small moves as trading gets underway after U.S. equities and bonds slipped. Caution is rippling through markets after Federal Reserve Chair Janet Yellen all but assured investors that interest rates will rise next week.  Overnight trading in equity contracts signaled moves of 0.1 percent or less for markets in Japan, China, Australia and South Korea.

First World War propaganda posters up for sale

‘Help your Uncle Sam win the war’: Extraordinary collection of First World War propaganda posters intended to boost US morale comes up for sale He bought them in antique shops and took collection with him when he moved to England in the early 1980s The United States only joined the war, which had been raging in Europe for almost three years, in April 1917 A unique collection of propaganda posters which were designed to encourage Americans to support their troops in the First World War is going up for sale this week.

Key retailer stocks suffer extended loss…

Stocks of major retailers and their affiliates with business ties to China continued to plunge early Monday morning, as Beijing has intensified its measures against South Korea in what appears to be retaliation for the deployment of an advanced US anti-missile battery. Shares of retail giant Lotte Group affiliates were hammered, with Lotte Shopping Co.

RPT-Freight and fridge sales: Indian economists seek GDP clues amid data doubts

NEW DELHI, March 1 Surprised again by India’s strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia’s third-largest economy. For India’s cash-reliant economy, Prime Minister Narendra Modi’s decision in November to outlaw old 500 and 1,000 rupee banknotes came as a big shock.

Participants keen to conclude Basel III reforms -committee boss

Feb 22 All participants in talks on new Basel III banking reforms are keen to bring the process to a conclusion, Basel Committee Secretary General William Coen told the French Senate’s finance commission on Wednesday. Two people close to the talks told Reuters this month that banking regulators due to meet in March were not expected to agree on capital requirements rules intended to keep banks stable during a financial crisis.

Emerging Markets-Emerging stocks sail to new 19-month highs

Feb 22 Wall Street’s record run helped emerging stocks sail to new 19-month highs on Wednesday with year-to-date gains of over 10 percent, while the rand firmed ahead of a key budget speech by the finance minister. MSCI’s emerging equity index firmed half a percent , led by a 1 percent rise in Hong Kong after New York shares hit record highs and European bourses were boosted by upbeat factory data in Germany and France.

Global markets mostly higher as investors await Fed minutes

A man walks past an electronic stock indicator of a securities firm in Tokyo, Wednesday, Feb. 22, 2017. Asian stock markets were mixed with subdued movements on Wednesday, getting little push from the Wall Street’s record high overnight, as investors awaited the Fed’s latest meeting minutes due later in the day for clues about the U.S. central bank’s views on interest rates.

8 Rising Stocks That Are Still Undervalued

According to the GuruFocus All-in-One Screener , several gurus are focusing on stocks whose Peter Lynch fair values are far above the current price. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months.

Simply Wall St launches in New Zealand

Simply Wall St , a popular fintech startup aiming to replace human stock brokers, has announced it is launching its services in Canada and New Zealand, as addition to the currently covered markets of US, UK and Australia. Simply put, the platform is doing for investors everything that the best human stock broker would, but orders of magnitude cheaper and quicker.

Europe faces a horror show of risk in the next few months

The writing is on the wall for the euro and so too is the eight-year bull market for global equities and credit Doomsday may be creeping up again, but you would never guess so considering the seemingly endless appetite for global risk assets right now. Europe is heading into a perfect summer storm, but global investors remain in party spirits.

UPDATE 1-UK Stocks-Factors to watch on Feb 8

Feb 8 Britain’s FTSE 100 futures were up 0.11 percent ahead of the cash market open on Wednesday. * The UK blue chip index closed up 0.2 percent at 7,186.22 points on Tuesday, boosted by a weak sterling and a surge in services company DCC, while UK mid-caps posted a record closing level.

Trudeau breaks a campaign promise

First-past-the-post isn’t going anywhere The Liberals have backed away from their campaign promise to reform the electoral system. Prime Minister Justin Trudeau and former democratic institutions minister Maryam Monsef had been criticized for how they’d been handling the file: dismissing feedback from the electoral reform committee and an unpopular online survey.

Dollar caught in crossfire as Trump talks currency wars

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo, Japan, January 23, 2017. Photo: REUTERS/Kim Kyung-Hoon The dollar was put on the defensive in Asia on Wednesday after the Trump administration accused Germany and Japan of devaluing their currencies to gain a trade advantage, fuelling a risk-off mood that also kept stocks subdued.

How a popular toothpaste maker functions like a hedge fund

As the 3,000-odd A-share companies tally their equity trading accounts for 2016, Liuzhou Liangmianzhen, one of mainland China’s most popular toothpaste makers, emerged the winner after pocketing a handsome gain from selling its shares in Citic Securities to boost its bottom line. According to a filing to the Shanghai Stock Exchange, Liangmianzhen, based in Guangxi Zhuang autonomous region, sold 11.62 million shares of Citic Securities, the country’s largest brokerage, for a profit of 157.6 million yuan .

Dow Jones Industrial Average Today Jumps as Traders Eye Earnings Reports and Trump Executive Orders

The Dow Jones Industrial Average today was ticking up as traders eye another busy round of earnings reports and more executive actions by President Donald Trump. World stocks hit a 19-month high overnight thanks to strong European earnings reports, improved Japanese trade data, and expectations that Trump will unleash a wave of economic stimulus to pay for a large infrastructure project.

Canada Stocks-TSX falls on U.S. protectionism risk, lower oil prices

TORONTO, Jan 23 Canada’s main stock index fell on Monday, pressured by lower oil prices and risk of a more protectionist United States under its new president, Donald Trump. The Toronto Stock Exchange’s S&P/TSX composite index reached a more than two-year high earlier this month, helped by an agreement in November by major oil producers to cut output and by prospects of U.S. economic stimulus.

Dollar slips, Asian stocks on defensive after Trump’s protectionist address

Trump’s officials saiid that his administration’s trade strategy would be to protect American jobs with the withdrawal from the 12-nation Trans-Pacific Partnership trade pact. The dollar slipped and Asian shares were on the defensive on Monday as worries about President Donald Trump’s protectionist policies outweighed optimism that he will follow through on promises of tax cuts and other stimulus.

Australia shares to kick off stronger on energy boost; NZ down

Jan 23 Australian shares are expected to rise on Monday, with oil and gas stocks set to bounce after ministers of OPEC and non-OPEC countries applauded a strong start to output cuts. At their first meeting on oil deal compliance on Sunday, energy ministers said producers had made a good start in curbing their oil output under the first such deal in more than a decade.

UPDATE 1-Venezuela 2016 inflation hits 800 pct, GDP contracts nearly 19 pct

Jan 20 Venezuelan consumer prices rose 800 percent in 2016 while the economy shrank 18.6 percent, according to preliminary central bank figures seen by Reuters, the sharpest economic contraction in 13 years and the worst inflation reading on record. An extended slump in oil prices has turned the OPEC nation’s once-prosperous economy into a mirror of the latter day Soviet Union, with rampant product shortages forcing some to skip meals and wait hours in food lines.

Canada Stocks-TSX slips as energy stocks weigh, Stella-Jones falls

Jan 16 Canada’s main stock index slipped in early trade on Monday, with energy stocks lower as investors fret about oversupply, while lumber company Stella-Jones Inc plunged on price target cuts after warning of lower profit and revenue. The Toronto Stock Exchange’s S&P/TSX composite index was down 8.34 points, or 0.05 percent, at 15,488.94.