A new urgency is gripping financial markets. Talk of a Federal Reserve rate increase next week is no longer the main conversation, with interest rate futures now pricing it as a near certainty. How quickly the Fed moves after March is now the hot topic. US jobs growth has been the catalyst. A survey by ADP revealed on Wednesday that 298,000 private sector jobs were created in […]
While many have blamed today’s spike in yields for the broader underperformance of the REIT sector, which sent the Bloomberg North American REIT index down 1.4%, its biggest one-day drop since December in a widespread selloff across all property sectors with 194 of the 214 stocks in the index lower today, it’s more than just the jump in rates that is slamming the rate-sensitive sector. While longs […]
The two Fortune 500 companies, International Business Machines corp. (IBM) and Salesforce, have agreed to integrate their artificial intelligence platforms and some of their software and service components. As part of the deal, Salesforce customers could make use of the data from IBM’s Watson artificial intelligence platforms whereas IBM would be deploying Salesforce Service Cloud for internal use, more or less a sign of good will. The […]
One week ago, we pointed out a curious bifurcation: the Fed was telegraphing an imminent rate hike – one which following Yellen’s Friday conference is now virtually assured – even though it appears the FOMC would be hiking in a quarter in which GDP comes in in the mid 1%-range, or lower. The reason: while “soft data” – which is important to animal spirits if not actual […]
Monday 21:56 GMT Overview Global equities sold off on Monday, encouraging flows into sovereign debt, after Asian markets were rattled by North Korea firing missiles into the Sea of Japan and the Federal Reserve’s interest rate meeting drew nearer. US President Donald Trump’s latest spat with the country’s security services may also be damping the mood somewhat as markets continue to price in a rate rise by […]
Recruiters in the Bay Area and executives at rival companies say they have seen an uptick in job applications from Uber employees, as its workers lose faith in the company’s leadership and start to doubt the value of their stock options. Uber has gone from crisis to crisis over the past five weeks, prompting increasing numbers of employees to explore the idea of leaving a start-up that […]
By Jessica Resnick-Ault and Lewis Krauskopf | NEW YORK NEW YORK The energy sector is the stock market’s dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices. Energy outdid all other sectors last year, up nearly 24 percent thanks to a late-year rally on […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what have you heard more often: “Fox & Friends” shilling for President Trump or sophisticated people confiding their real reason for reading The New Yorker is the cartoons? Ah, if only Bob Mankoff had long ago negotiated some piece […]
Middle East fund managers have turned more bullish towards Saudi Arabian equities on hopes that corporate earnings may finally have bottomed out after a slide due to low oil prices, a monthly Reuters poll found. The poll of 13 leading fund managers, conducted over the past week, also found they had become very bearish on Qatari and Egyptian shares. The poll found 62 percent of managers expect […]
Republica de Panama a former Spanish settlement is sandwiched between the Caribbean Sea and the Pacific Ocean. The landscape offers an amazing opportunity for tourism and tax-free zone offers to set up offshore companies; the choice between both is up to you. In other words, you will be in Panama for blonde or for pelf. A German newspaper Suddeutsche Zeitung obtained the records of some staggering 11.5 million […]
Just to clarify – Trump said nothing new at all – and added no detail, another major US retailer blew up, ‘hard data’ disappointed (soft surveys gained), Fed speakers were the most hawkish since Volcker, and The Dow soars 350 points to top 21,100… makes perfect sense… Hawkish FedSpeak sent March rate-hike odds soaring over 80%… But the probability of a rate hike is rising […]
With US stock markets hitting record highs last week, the question has to be asked. Has the Trump reflation trade — long in equities, short in bonds — run its course? In the equity market it has been a crowded trade for quite some time. On the bond side, futures market data are telling us that there are exceptionally large speculative bear positions in the market. This […]
Core Durables Goods and Shipments MISS, Pending Home Sales MISS, Dallas Fed ‘Survey’ BEAT… “Never gonna let you down”… 12th Record Dow Close In A Row. One streak was broken today – after 6 straight days of Dow and Long Bond price rises, bonds dropped as stocks rose today… But another streak reached a record high… The Dow has never had a longer streak […]
DUBAI // A man beat his former girlfriend with a baseball bat before stabbing her to death and setting her workplace on fire. The Kenyan, 29, a shipping inspector, has pleaded guilty to murder and destruction of property. Dubai Criminal Court heard on Sunday that the victim had recently broken up with her boyfriend and moved out of their apartment in Sharjah. She was at work at […]
Scientists just stumbled on the three sexual behaviors that could help women achieve orgasm more often. Call it the “golden trio” of sexual moves. According to a team of U.S. researchers, a mix of genital stimulation, deep kissing, as well as oral sex could boost the likelihood of women reaching orgasm with their sexual partner. What The Numbers Say “The orgasm gaps between men and heterosexual women […]
Credit: Georgia Institute of Technology There is a direct link between a person’s attitude on social media and the likelihood that their dieting efforts will succeed. In fact, Georgia Institute of Technology researchers have determined that dieting success—or failure—can be predicted with an accuracy rate of 77 percent based on the sentiment of the words and phrases one uses on Twitter. “We see that those who […]
One-off costs and multibillion-dollar writedowns have dragged down HSBC’s full-year profit 62 per cent year-on-year to $7.1bn, as the London-headquartered lender extended its share buyback programme by an additional $1bn. The British bank blamed slowing economic growth in its main markets of Hong Kong and the UK for the profit slide, as well as a $3.2bn impairment of goodwill to its private banking unit in Europe, and […]
LONDON Shares in Anglo-Dutch consumer goods group Unilever (ULVR.L) (UNc.AS) dropped 8 percent on Monday after U.S. rival Kraft Heinz Co (KHC.O) abruptly ditched its surprise $143 billion merger proposal. Backed by Warren Buffett and the private equity firm 3G, Kraft had wanted to buy Unilever to build a global consumer goods giant but its offer was flatly rejected on Friday by the maker of Lipton tea […]
Has the long-awaited consumer crunch finally arrived? A 0.2 per cent fall in the UK’s monthly retail sales at the start of the year has sent the pound tumbling this morning, amid concern that rising inflation may finally be putting a brake on the consumer-driven growth. The monthly figure was expected to rise 1 per cent. Sterling fell to £1.2418 against the dollar after the news, a […]
February 17, 2017 by: Eric Platt, US Capital Markets Correspondent A few seats away from starlets Adriana Lima, Amber Valletta and Diane Kruger in the salon at New York’s St. Regis hotel, buyers from the department store chain Bergdorf Goodman were trend-spotting. They were there to see Jason Wu’s latest autumn collection, a line-up full of amber gold velvet draped dresses, smart glen plaid workwear and sheer […]
Friday 04.40 GMT Overview Market volatility dissipated in Asia trade on Friday as the dollar’s downward momentum eased and US Treasuries steadied, but equities in the region were led lower by heavyweights including Toshiba and Samsung. Hot topic Shares in Japan’s Toshiba dropped as much as 12.2 per cent, bringing the company’s market capitalisation nearly 25 per cent lower for the week with a cumulative loss of […]
Judging by his ongoing Tweetstorm this morning, in which he first praised the market’s performance (it remains to be seen what if anything he will say once stocks tumble under his watch), then dedicated the next four tweets to leakers, fabricated sources, “fake news” and Russia, president Trump does not appears to be in a good mood. In his two most recent tweets sent between 9 and […]
WASHINGTON – U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track. Housing starts declined 2.6 percent to a seasonally adjusted annual rate of 1.25 million units, the Commerce Department said on Thursday. December’s starts were revised up to a […]
Apologies for earlier error in title. Surging inflation, plunging real wages, jumping mortgage delinquencies, and record crude and gasoline inventories… then Trump drops the ‘t’ word and the market melts up… Intraday, March rate-hike odds hit 46%, seemingly surging off “off the table” levels before the week began… Record all-time highs across everything… It’s all banks all the time… The Dow topped 20,600 – […]
