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  • Dow, S&P 500 rally late with energy; financials cut losses | The Financial Express
    3 08 p m the Dow Jones industrial average was up 180 76 points or 1 12 percent at 16 334 3 the Standard Poor s 500 had gained 9 49 points or 0 5 percent at 1 912 52 and the Nasdaq Composite index had dropped 8 70 points or 0 19 percent to 4 508 25 Advancing issues outnumbered declining ones on the NYSE by 1 830 to 1 173 for a 1 56 to 1 ratio on the upside on the Nasdaq 1 419 issues fell and 1 329 advanced for a 1 07 to 1 ratio favoring decliners The S P 500 posted 21 new 52 week highs and 56 new lows the Nasdaq recorded 15 new highs and 231 new lows First Published on February 4 2016 2 27 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 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

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/dow-s-financials-cut-losses/206948/ (2016-02-07)
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  • Asian shares under pressure as oil bounce dissipates | The Financial Express
    Mitsui Asset s Ichikawa said The US ISM non manufacturing PMI is expected to dip to 55 1 in January from 55 8 in December That would be the lowest reading in almost two years but still above the 50 mark that separate contraction and expansion Ahead of that China s Caixin services PMI is due at 0145 GMT It fell to 50 2 in December Benchmark Brent crude slumped 4 4 percent on Tuesday while U S crude fell an even bigger 5 5 percent settling below 30 a barrel Brent gave up its gains made over the last three sessions while US futures wiped out their gains made in more than a week Hopes for a step to cut production dimmed this week as no deal has emerged and talks between Russia s energy minister and Venezuela s oil minister on Monday failed to result in any clear plan to reduce output Oil prices have fallen about 70 percent in the past 18 months or so as producers had vastly expanded capacity over recent years driven by strong growth in emerging economies especially China The gloom now pervading markets bolstered the allure of government debt As US debt prices jumped the 10 year U S yield hit a 9 1 2 month low of 1 847 percent The uncertainty around global growth has prompted investors to slash back their expectation of future U S rate hikes with Federal fund rate futures lt 0 FF gt no longer pricing in a full chance of even one rate hike this year That in turn made precious metals which pays no interest attractive asset for many investors especially at a time when central banks in Japan and Europe are now adopting negative interest rates Gold hit a three month high of 1 130 90 per ounce on Tuesday and last stood at 1 127 6 First Published on February 3 2016 7 37 am Tags Asian Markets Nikkei Index Please Wait while comments are loading More on this story Asia stocks subdued dollar wobbles before US jobs data Asian stocks edge up after Wall Street gains on crude surge Asia stocks subdued after retreat in Europe oil stays bearish 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

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/asian-shares-under-pressure-as-oil-bounce-dissipates/206311/ (2016-02-07)
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  • Google’s Alphabet passes Apple to become most valuable traded US company | The Financial Express
    Alphabet will officially overtake Apple in market value if the two companies shares open around current levels on Tuesday The Internet powerhouse s stock has surged in the last year helped by increasing sales of advertising on mobile devices while Apple has struggled due to signs of softening demand for its signature phone especially in China and the lack of another blockbuster product in its pipeline This makes Alphabet an even stronger bellwether for investors to watch Scott Fullman chief strategist at Revere Securities Corp after the earnings on Monday The company has been tracking very well given the volatility in the market dominated by falling energy prices and weakness from China The latest spurt in Alphabet s stock price growth started around July last year Since then the company has restructured forming a new holding company and splitting into two parts Google includes its search engine YouTube and related parts of the company while a unit called Other Bets includes its moonshots such as self driving cars and encompasses Google Capital the secretive X research division and Nest which offers smart home accessories Investors have appreciated the company s new discipline on costs which started with the arrival of new Chief Financial Officer Ruth Porat For a time it looked as if Apple would never relinquish the top spot in terms of market value Bolstered by success of the iPhone an enormous cash hoard Apple took over the top U S spot in 2012 from Exxon Mobil and at one point in early 2015 was worth more than 760 billion Alphabet shares are much more expensive relatively speaking than Apple s trading around 38 times earnings for the last 12 months compared to about 11 times for Apple Alphabet pays no dividend whereas Apple s dividend currently yields about 2 percent of the stock s value annually Alphabet s move into the top spot makes it the 12th company to be recognized as the largest publicly traded U S name since 1928 according to S P Dow Jones Indices Past No 1 names include General Electric General Motors and IBM First Published on February 2 2016 9 52 am Tags Apple Inc Google Please Wait while comments are loading More on this story Google engineer builds smart Android powered bathroom mirror Google search chief Amit Singhal to quit to be replaced by Alphabet Inc head John Giannandrea Non metros drive auto search queries up 40 in 2015 Google 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

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/googles-alphabet-passes-apple-to-become-most-valuable-traded-us-company/205616/ (2016-02-07)
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  • Asian shares edge up, oil wobbles as markets await China surveys | The Financial Express
    concerns about slowdown in China it will ease excessive reactions in markets he said The People s Bank of China is also expected to ease policy this year though using more conventional tools such as policy rate cuts bank reserve reductions and liquidity injections In contrast the U S Federal Reserve has so far stuck to the script that it will gradually raise interest rates later this year Yet a sharp braking of U S economic growth in the fourth quarter revealed on Friday fuelled expectations that the Fed will not be able to hike rates four times this year as it has indicated The price of Federal Fund rate futures are pricing in barely one rate hike this year while the rate sensitive U S two year yield fell to three month low of 0 766 percent on Friday It last stood at 0 777 percent The U S 10 year debt yield fell to 1 93 percent edging near a double bottom around 1 90 percent made in August October also helped by speculation Japanese investors will go after U S bonds as domestic bond yields plunge On Monday the 10 year Japanese government bond yield hit a record low of 0 050 percent while the two year yield hit a record minus 0 100 percent Negative interest rates pressured the yen which traded at 121 38 to the dollar near six week low of 121 70 touched on Friday The euro was steadier at 1 08285 Oil prices fell with international benchmark Brent 38 cents at 36 61 a barrel It has bounced more than 30 percent from a 12 year low hit less than two weeks ago taking some pressure of reeling global equity markets Investors grew wary of the possibility that the Organization of the Petroleum Exporting Countries and Russia could team up to cut supply Appetite in oil and other risk assets could hinge partly on manufacturing data out of China later in the day Despite the perception the six year slowing in China s economy is now becoming more rapid we have yet to see real evidence of this in China s hard economic data Midday today Sydney time will provide us a chance said Richard Grace chief currency and rates strategist at Commonwealth Bank in Sydney First Published on February 1 2016 8 22 am Tags Asian Stock Market Global Markets Please Wait while comments are loading More on this story Asian stocks subdued ahead of US Fed sentiment fragile after China rout Asian stock erase gains as crude oil rebound fizzles Asia stocks dip but Japan bucks trend on oil rebound US dollar wobbles 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

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/asian-shares-edge-up-oil-wobbles-as-markets-await-china-surveys/205001/ (2016-02-07)
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  • Wall Street surges at end of awful January | The Financial Express
    expected on future rate hikes While the Fed has not ruled out a rate hike in March many investors believe recent global economic and financial turmoil may lead it to wait Microsoft shares jumped 5 83 percent on better than expected results The software company was the biggest influence on the S P 500 and the Nasdaq and helped push the S P tech sector up 3 6 percent its strongest session since August Fourth quarter corporate reporting season is well under way with S P 500 companies on average expected to post a 4 1 percent drop in earnings according to Thomson Reuters I B E S Excluding energy companies earnings are seen rising 2 1 percent The Dow Jones industrial average ended 2 47 percent higher at 16 466 30 while the S P 500 gained 46 88 points or 2 48 percent higher to end at 1 940 24 The Nasdaq Composite surged 2 38 percent to 4 613 95 For the week the Dow gained 2 3 percent the S P added 1 7 percent and the Nasdaq increased 0 5 percent That left the Dow down 5 5 percent for the month and the Nasdaq 7 9 percent lower its largest monthly loss since May 2010 In Friday s trading Amazon slumped 7 61 percent after its quarterly profit missed expectations Xerox gained 5 63 percent after announcing a deal with Carl Icahn to split itself into two U S crude oil rose 1 4 percent after trimming early gains on a report that Iran would not participate in a possible deal between OPEC and other producing countries to reduce output Advancing issues outnumbered decliners on the NYSE by 2 789 to 339 On the Nasdaq 2 290 issues rose and 584 fell The S P 500 index showed 16 new 52 week highs and seven new lows while the Nasdaq recorded 28 new highs and 100 new lows About 10 0 billion shares changed hands on U S exchanges above the 8 3 billion daily average for the past 20 trading days according to Thomson Reuters data First Published on January 30 2016 10 48 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 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

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/wall-street-surges-at-end-of-awful-january/204396/ (2016-02-07)
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  • Taiwan falls into recession, posts slowest growth in 6 years | The Financial Express
    Taiwan s biggest export market accounting for a quarter of products shipped Exports fell by a 10th last year with sales to China dropping 12 3 per cent from the previous year The government has been trying to spur the economy cutting its key interest rate twice in the last two quarters and pushing a stimulus package to boost consumer spending Taiwanese frustrated at the anaemic economy this month elected Tsai Ing wen from the main opposition party as the island s new leader setting the stage for frostier ties with the mainland Current president Ma Ying jeou who was elected on a platform of greater engagement with China has seen his popularity hit record lows due to his policies failing to translate into higher salaries and better job prospects First Published on January 29 2016 10 14 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 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

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/taiwan-falls-into-recession-posts-slowest-growth-in-6-years/203854/ (2016-02-07)
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  • China stocks struggle to rally, Beijing reassures on yuan | The Financial Express
    its part to keep the banking system flush with cash pumping out a huge 690 billion yuan this week to avoid a liquidity crunch ahead of the Lunar New Year celebrations beginning in early February Late Thursday the central bank announced it would conduct more liquidity operations than usual between Jan 29 and Feb 19 to keep the system awash with cash through the holiday The PBOC also seems to have succeeded in calming market concerns about an imminent devaluation in the yuan though many analysts still suspect the currency will be allowed to trickle lower over time The central bank held the yuan firm at 6 5516 per dollar on Friday dimming memories of the surprisingly lower fix that so spooked markets early in the month In the latest move to stem pressure on the currency from capital flight the authorities on Thursday asked several domestic funds to postpone issuing new outbound investment products sources told Reuters Premier Li Keqiang also phoned International Monetary Fund IMF chief Christine Lagarde to pledge Beijing would keep the yuan basically stable and improve communication with financial markets on the currency The Chinese government has no intention to promote exports through currency depreciation nor it will launch a trade war Li told Lagarde in the call Likewise speculation that Hong Kong might be forced to give up its peg to the U S dollar has waned in recent days Ratings agency Moody s on Friday said it believed Hong Kong s large fiscal and foreign exchange reserves would allow policy makers to handle any pressure on the peg First Published on January 29 2016 8 09 am Tags China Stock Market Please Wait while comments are loading More on this story China shares stage tentative bounce yuan fixed firmer 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 Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/china-stocks-struggle-to-rally-beijing-reassures-on-yuan/203798/ (2016-02-07)
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  • Asia stocks fall as Fed adds to uncertainty, oil whippy | The Financial Express
    with investors apparently frustrated the central bank was not concerned enough about the global outlook to scale back its plans for policy tightening Rather the Fed left all options open including a hike at the next meeting in March We have no doubt that the market was looking for a Fed put via some commentary about the committee growing increasingly nervous about financial markets and the global backdrop wrote Tom Porcelli chief U S economist at RBCCM Instead the Fed chose the pragmatic route The Dow ended Wednesday with losses of 1 38 percent while the S P 500 fell 1 09 percent and the Nasdaq shed 2 18 percent Apple s shares fell 6 57 percent after the iPhone maker reported its slowest ever rise in shipments while Boeing lost 8 9 percent in its biggest fall since August 2011 The reaction to the Fed in currency markets was much more muted The dollar gained slightly on the safe haven yen to 118 45 but eased back on the euro to 1 0904 Against a basket of currencies the dollar stood at 98 940 after easing 0 4 percent on Wednesday The New Zealand dollar fell more than half a U S cent after the Reserve Bank of New Zealand said low inflation meant further policy easing may now be required having previously flagged that it would not cut rates further The kiwi dollar fell to 0 6428 from around 0 6480 There is little in the way of market moving economic data out of Asia In Europe Britain s fourth quarter growth data looms large for the embattled pound Annual economic growth is expected to have slowed to 1 9 percent from 2 1 percent an outcome that could push expectations for a hike in interest rates even further out Markets are currently pricing in a rate hike in 2017 Sterling was last at 1 4243 having retreated from this week s high of 1 4367 First Published on January 28 2016 7 33 am Tags Asia Stocks Please Wait while comments are loading More on this story Asia stocks slip as crude resumes drop Asia stocks cautious as oil bounces BOJ awaited 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

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/asia-stocks-fall-as-fed-adds-to-uncertainty-oil-whippy/203223/ (2016-02-07)
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