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  • S&P 500, Nasdaq dip late; consumer shares lead decline | The Financial Express
    year Investors are looking for a bullish catalyst and it s still not there There was a lot of hope with respect to earnings and so far earnings have been lackluster at best We re now seeing a lot of weaker than expected economic data coming out said Adam Sarhan chief executive of Sarhan Capital in New York At 3 08 p m the Dow Jones industrial average was up 15 79 points or 0 1 percent to 16 352 45 the S P 500 had lost 4 44 points or 0 23 percent to 1 908 09 and the Nasdaq Composite had dropped 18 40 points or 0 41 percent to 4 485 84 Stocks have had a rough start to 2016 hurt by tepid U S growth falling oil prices and concern that the world faces a China led slowdown UBS cut its year end target for the S P 500 index to 2 175 points from 2 275 and trimmed its earnings estimate for S P 500 companies to 119 from 126 on weaker U S growth prospects Fourth quarter S P 500 earnings are expected to have fallen 4 2 percent from a year earlier according to Thomson Reuters data GoPro fell 8 1 percent to 9 83 after the camera maker forecast current quarter revenue below analysts estimates Advancing issues outnumbered declining ones on the NYSE by 1 820 to 1 208 for a 1 51 to 1 ratio on the upside on the Nasdaq 1 478 issues rose and 1 275 fell for a 1 16 to 1 ratio favoring advancers The S P 500 posted 11 new 52 week highs and 11 new lows the Nasdaq recorded 14 new highs and 76 new lows First Published on February 5 2016 2 37 am Tags Us Stock Market Please Wait while comments are loading More on this story Wall Street cuts losses to close flat Alphabet jumps after hours Wall Street surges at end of awful January Facebook likes push Wall Street higher Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/s-consumer-shares-lead-decline/207516/ (2016-02-07)
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  • Asia stocks slip as crude resumes drop | The Financial Express
    Reuters predicted that the central bank will hold interest rates steady at a record low of 2 0 percent where they have stood since May 2015 While economic conditions have been uneven and overall growth a little disappointing the labour market has remained strong Sean Callow senior currency strategist at Westpac in Sydney said in a note to clients The housing and service sectors have also performed well supported by lower rates and a lower AUD he said The Australian dollar edged down about 0 1 percent to 0 7106 but held above its recent seven year trough of 0 6827 The greenback edged down slightly against its Japanese counterpart to 120 97 yen but remained underpinned by the Bank of Japan s surprise move on Friday to adopt negative interest rates January surveys of global factory activity on Monday showed the new year began much as the old one ended with too much capacity chasing too little demand Global manufacturing expansion accelerated slightly but remained weak at the start of 2016 as faster growth in developed markets failed to offset a contraction in emerging economies U S economic data showed manufacturing activity contracted in January for a fourth straight month as factories grappled with a strong dollar and lower oil prices forced energy firms to further cut spending but the pace of the decline appeared to be slowing The euro was slightly higher at 1 0896 mired in recent ranges and feeling pressure disappointing euro zone manufacturing data as well as comments from European Central Bank President Mario Draghi The central bank head stressed the risks facing the euro zone and reiterated the ECB was ready to review its monetary policy stance in early March First Published on February 2 2016 8 13 am Tags Asia Stocks Please Wait while comments are loading More on this story Asia stocks cautious as oil bounces BOJ awaited Asia stocks fall as Fed adds to uncertainty oil whippy Asian shares oil skid as growth concerns dominate Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/asia-stocks-slip-as-crude-resumes-drop/205593/ (2016-02-07)
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  • China shares stage tentative bounce, yuan fixed firmer | The Financial Express
    reserve requirements rather relying on huge injections of funds to tied the banking system over the Lunar New Year holidays The People s Bank of China PBOC may have been concerned that such cuts would only encourage capital flight and further wagers on yuan devaluation It has been fighting to keep the currency stable through a series of higher daily yuan fixes and a range of measures that essentially make it very expensive to short the currency On Tuesday it set the yuan at 6 5510 per dollar the highest fix since Jan 6 when a sudden drop in the currency sparked worldwide concerns Beijing was seeking a competitive depreciation Still many analysts suspect the currency will be allowed to drift lower over time both to help underpin exports and fight deflation risks at home Some investors with deep pockets are laying money on it Hedge funds have ramped up bets on a devaluation since the Bank of Japan cut rates below zero last week with the bias towards yuan falls in options markets hitting its highest on record Reuters data showed riskier bets that only pay out if the yuan weakens to levels well above 7 per dollar passed peaks hit around Beijing s one off mini devaluation last August Since the Bank of Japan was so dovish last week all of these countries are under a lot more pressure to devalue said a dealer with one Asian bank in London Such talk will only heighten the focus on the PBoC s reserves position due to be reported some time this week for details on just how much intervention has been needed to shelter the yuan from capital flight First Published on February 2 2016 8 54 am Tags China Stock Market Please Wait while comments are loading More on this story China stocks struggle to rally Beijing reassures on yuan China shares tumble 3 per cent taking 2016 losses to 2 trillion China stocks open lower as global rout deepens Hong Kong rebounds Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/china-shares-stage-tentative-bounce-yuan-fixed-firmer/205597/ (2016-02-07)
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  • Wall Street cuts losses to close flat; Alphabet jumps after hours | The Financial Express
    starting to focus on upcoming earnings rather than lower oil and China news The Dow Jones industrial average was down 17 12 points or 0 1 percent to 16 449 18 the S P 500 had lost 0 86 points or 0 04 percent to 1 939 38 and the Nasdaq Composite had added 6 41 points or 0 14 percent to 4 620 37 Slammed by collapsing oil prices stocks have been volatile since the start of the year Coming off the worst January since 2009 the S P 500 is down 5 1 percent for the year Traders now expect the Fed to scale back the number of rate hikes this year They are pricing in only a 17 percent chance that the Fed will raise rates in March according to CME Group s FedWatch Fourth quarter S P 500 earnings are expected to have fallen 4 1 percent from a year ago though that percentage has improved since last week according to Thomson Reuters data Chipotle Mexican Grill was up 4 3 percent at 472 64 The U S Centers for Disease Control and Prevention CDC said E coli outbreaks that affected the burrito chain s customers last year appeared to be over Declining issues outnumbered advancing ones on the NYSE by 1 556 to 1 503 for a 1 04 to 1 ratio on the downside on the Nasdaq 1 418 issues fell and 1 410 advanced The S P 500 posted 29 new 52 week highs and 5 new lows the Nasdaq recorded 26 new highs and 97 new lows About 8 0 billion shares changed hands on U S exchanges compared with the 9 1 billion daily average for the past 20 trading days according to Thomson Reuters data First Published on February 2 2016 8 15 am Tags Us Stock Market Please Wait while comments are loading More on this story S P 500 Nasdaq dip late consumer shares lead decline Wall Street surges at end of awful January Facebook likes push Wall Street higher Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/wall-street-cuts-losses-to-close-flat-alphabet-jumps-after-hours/205594/ (2016-02-07)
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  • Asia stocks cautious as oil bounces, BOJ awaited | The Financial Express
    would be struck anytime soon U S crude was up a further 30 cents at 33 52 per barrel early Friday Benchmark Brent futures were yet to trade having ended Thursday up 79 cents at 33 89 a barrel The semblance of stability in oil combined with some solid company results to lift Wall Street The Dow gained 0 79 percent while the S P 500 added 0 55 percent and the Nasdaq Composite 0 86 percent Facebook surged 15 5 percent in its biggest one day leap since 2013 after smashing expectations while Alphabet climbed 4 28 percent Microsoft rose 4 5 percent in late trading after beating forecasts but Amazon slumped 12 percent as profits missed analysts estimates by a wide margin Economic news disappointed as U S durable goods dived 5 1 percent the biggest decline in 16 months and just the latest indicator to undershoot forecasts The only saving grace for equities was that debt markets reacted by further lowering the expected path of rate hikes from the Federal Reserve Fed fund futures lt 0 FF gt imply a rate of only 59 basis points by year end compared to 90 basis points just a month ago We saw weakness in more U S durable goods but one can track that directly to softness in manufacturing and oil which is distinct from the strength across the service sector said David Cannington a senior economist at ANZ Nonetheless it strengthens the hand of those pointing to the Fed doing less and questions the case of the USD bulls The dollar duly dipped 0 3 percent against a basket of currencies The euro crept up to 1 0933 and well away from the 1 0786 low hit at the start of the week The dollar was steady on the yen around 118 89 as investors counted down to the BOJ meeting First Published on January 29 2016 8 06 am Tags Asia Stocks Please Wait while comments are loading More on this story Asia stocks slip as crude resumes drop Asia stocks fall as Fed adds to uncertainty oil whippy Asian shares oil skid as growth concerns dominate Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/asia-stocks-cautious-as-oil-bounces-boj-awaited/203801/ (2016-02-07)
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  • Facebook ‘likes’ push Wall Street higher | The Financial Express
    think things work that way The Dow Jones transport average which Carlson said was a good indicator of the economy s health fell 0 8 percent Others remained cautious after comments by the U S Federal Reserve s Open Market Committee on Wednesday did not more strongly signal it could scale back the pace of future interest rate hikes in the wake of recent turmoil in global markets The FOMC s statement was less dovish than anticipated and very likely may have marked a top in the recent rebound we have seen warned Mohannad Aama Managing Director Beam Capital Management LLC in New York The Nasdaq biotech index lost 3 5 percent and was on track for its biggest monthly fall in 16 years Abbott Labs was the biggest drag on the healthcare sector with a 9 3 percent drop The Dow Jones industrial average gained 0 79 percent to end at 16 069 64 points while the S P 500 added 0 55 percent to 1 893 36 The Nasdaq Composite rose 0 86 percent to 4 506 68 After the bell Microsoft jumped 4 5 percent after its quarterly results beat expectations thanks to aggressive cost cutting But Amazon slumped 11 percent after its quarterly report let down investors Ahead of the report it had risen 8 9 percent During the session PayPal surged 8 39 percent and Under Armour jumped 22 59 percent Revenue at both companies beat estimates Among the losers eBay sank 12 45 percent after it forecast weaker than expected quarterly revenue and profit Advancing issues outnumbered decliners on the NYSE by 2 054 to 1 032 On the Nasdaq 1 470 issues rose and 1 312 fell The S P 500 index showed eight new 52 week highs and 24 new lows while the Nasdaq recorded 13 new highs and 166 new lows About 8 8 billion shares changed hands on U S exchanges above the 8 6 billion daily average for the past 20 trading days according to Thomson Reuters data First Published on January 29 2016 8 03 am Tags Facebook Us Stock Market Please Wait while comments are loading More on this story Twitter to launch new Facebook style timeline in 23 countries Facebook bans pages selling medical marijuana in US Twitter to soon get Facebook like algorithmic timeline Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/facebook-likes-push-wall-street-higher/203803/ (2016-02-07)
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  • US stocks, dollar slip on Fed’s nod to jittery markets | The Financial Express
    March I d certainly say that the statement leans in the dovish side of neutral they walked back a few things that they had in the December statement said Art Hogan chief market strategist at Wunderlich Securities in New York U S interest rates futures implied traders see a 29 percent chance the Fed would raise rates at its next policy meeting in March down from 31 percent late on Tuesday according to CME Group s FedWatch program Prior to the FOMC statement U S stock prices were buoyed by a rebound in crude prices following data showed a jump in weekly demand for products such as heating oil when a cold front hit the country News Russia was discussing a possible pact with OPEC pushed Brent prices above 33 a barrel Brent oil settled up 1 30 or 4 09 percent at 33 10 a barrel while U S crude futures ended up 85 cents or 2 70 percent at 32 30 a barrel In late U S trading the Dow Jones industrial average was down 216 06 points or 1 34 percent to 15 951 17 the S P 500 was down 21 92 points or 1 15 percent to 1 881 71 and the Nasdaq Composite was down 96 95 points or 2 12 percent to 4 470 72 Apple and Boeing s disappointing forecasts helped drag down U S stock indexes Earlier on Wednesday the pan European FTSEurofirst 300 index rose 0 4 percent at 1 340 76 Chinese shares ended stronger and Tokyo s Nikkei finished 2 7 percent higher The dollar index which gauges the greenback against six currencies was down 0 5 percent at 98 878 In the bond market benchmark 10 year Treasury note yields fell to 2 00 percent from 2 05 percent before the statement Traditional safe haven gold rose for a third straight day to its highest level since early November last up 0 6 percent at 1 127 50 an ounce First Published on January 28 2016 7 30 am Tags Us Stock Market Please Wait while comments are loading More on this story S P 500 Nasdaq dip late consumer shares lead decline Wall Street cuts losses to close flat Alphabet jumps after hours Wall Street surges at end of awful January Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/us-stocks-dollar-slip-on-feds-nod-to-jittery-markets/203224/ (2016-02-07)
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  • Asia stocks gain as dollar slide boosts oil | The Financial Express
    Composite eased 0 28 percent Traders were unsure what triggered the dollar rout though many pointed to comments from Federal Reserve Bank of New York President William Dudley that tighter financial conditions would be taken into account at the next policy meeting in March In an interview with Market News International Dudley also warned that a sharp rise in the dollar could have significant consequences for the US economy Investors took that to mean the Fed did not want to see the currency rise any further and might delay further increases in interest rates Futures markets had already priced out almost any chance of a hike in March and imply a funds rate of just 0 51 percent by December lt 0 FF gt The current effective funds rate is 0 38 percent The impact was amplified by a surprisingly soft reading on the US services sector just the latest in a string of disappointing economic indicators The market reaction was swift and violent with the dollar collapsing through a host of key chart levels and triggering waves of stop loss selling Early Thursday the dollar was down at 117 94 yen having shed 1 7 percent overnight in its biggest daily drop since August The fall wiped out all the gains from the Bank of Japan s decision to cut its rates below zero a tit for tat response that only to added to market suspicions central banks were engaged in a war of competitive depreciations Against a basket of currencies the dollar was pinned at 97 304 after shedding 1 6 percent on Wednesday The euro was enjoying the view at 1 1092 having climbed 1 7 percent on Wednesday The drop was a boon to commodities priced in U S dollars lifting everything from copper to gold to oil Brent futures settled up 2 75 or 8 4 percent at 35 47 a barrel after rising as high as 35 11 US crude added another 20 cents in early trade on Thursday to reach 32 49 having jumped 8 percent overnight Spot gold was up at 1 141 90 an ounce having touched its strongest since Oct 30 First Published on February 4 2016 6 49 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/asia-stocks-gain-as-dollar-slide-boosts-oil/206949/ (2016-02-07)
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