8.3 C
New York
Thursday, March 28, 2024

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

How Low Can Central Banks Go? JPMorgan Reckons Way, Way Lower (Bloomberg)

There are no limits to how far central banks can ease monetary policy.

An employee of the Korea Exchange Bank (KEB) counts U.S. one hundred dollar notes at the bank's headquarters in Seoul in this November 11, 2008 file photo.  REUTERS/Jo Yong-Hak Dollar languishes near three-and-a-half-month lows ahead of Yellen testimony (Business Insider)

The dollar nursed losses around three-and-a-half-month lows on Wednesday, pressured by fears of a global economic slowdown following recent falls in oil prices and growing concerns about the health of European banks.

The economy and the stock market have already voted for the next president (Market Watch)

New Hampshire’s primary results are a sideshow compared to the most important political poll of all: The stock market.

Tech Stocks Have Fallen Faster and Further Than Broader Market (NY Times)

As the United States economy muddled along over the last few years, investors paid handsome sums to get in on high-flying technology companies that were among the few pockets of steady growth. Now comes the payback.

Maersk Profit Plunges as Oil, Container Units Both Suffer (Bloomberg)

A.P. Moeller-Maersk A/S reported an 84 percent plunge in 2015 profit after its oil unit was hit by lower energy prices and its container division got squeezed between sluggish trade growth and overcapacity.

Brazilian people drinking Mexican beer helped Heineken have a bumper year (Business Insider)

Heineken, the Dutch brewing giant, had a great year in 2015, thanks to strong growth across several of its brands, particularly in some of its smaller, premium beers.

Screen Shot 2016 02 10 at 08.43.27

The $20 billion market you didn’t know existed (Market Watch)

There are all sorts of tips and tricks to lower your cable bill, but there is still one monthly fee 99% of customers consistently pay.

Time Has Now Come for `Best' Norwegian Junk Bonds to Feel Pain (Bloomberg)

The final blow is about to land on the Norwegian junk bond market.

Deutsche Bank wants to show the debt market it's wrong (Business Insider)

The German bank was said to be considering the move as a market rout took hold of bank stocks on Tuesday.

Deutsche Bank shares fell 4% and Credit Suisse dropped 8% as investors fretted over the ability of the banks to make payments on bonds they've issued issued.

Falling oil prices will bankrupt the likes of Russia, Saudi Arabia (Market Watch)

What might be the next big financial crisis? A bursting of the bubble in tech stocks that has built up over the last two years? A total collapse in the stock market, beyond the selloff that has already marked the start of 2016? Any of those could happen. But increasingly it looks as if it will be national bankruptcies caused by collapsing oil and commodity prices.

The Trade Numbers Game (Trader Feed)

The Trans-Pacific Partnership – a mega trade deal covering 12 countries that together account for more than one-third of global GDP and a quarter of world exports – is the latest battleground in the decades-long confrontation between proponents and opponents of trade agreements. Unfortunately, neither side is offering good evidence.

Oil Snaps 4-Day Losing Streak as Crude Producers Cut Spending (Bloomberg)

Oil snapped a four-day losing streak, rebounding from the lowest close in almost three weeks as crude producers reduced spending plans.

A 3D printed Twitter logo is seen in front of displayed stock graph in this illustration picture made in Zenica, Bosnia and Herzegovina, February 3, 2016. REUTERS/Dado RuvicTwitter results need to wow to reassure investors (Business Insider)

When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery.

Twitter's shares have lost more than two-thirds of their value in the past 12 months.

Oil hovers above $28 a barrel as market braces for more supply data (Market Watch)

Oil prices edged up in Asia on Wednesday, but were trading in a narrow range because supply isn’t expected to fall in the near term.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at $28.57 a barrel, up 63 cents, or 2.2%, in the Globex electronic session. April Brent crude on London’s ICE Futures exchange rose 69 cents, or 2.2%, to $31 a barrel. Oil logged a fourth-straight session of losses on Tuesday, pushing crude back under $28 a barrel after the U.S. Energy Information Administration cut its 2016 forecasts for oil prices.

Nissan Profit Beats Estimates as Rogue Drives U.S. Sales Gains (Bloomberg)

Nissan Motor Co. reported profit that beat analyst estimates as the Rogue crossover drove increased demand in the U.S., the Japanese automakers biggest market.

Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei KarpukhinOil prices rebound from sharp selloff; more volatility expected (Business Insider)

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session led by concerns over demand and weak equities.

Hermes Sales Growth May Miss Goal as Luxury Industry Struggles (Bloomberg)

French luxury-handbag maker Hermes International SCA added to the industrys recent woes, saying sales growth this year may miss its medium-term target.

Pedestrians walk past an electronic board showing the graphs of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo, Japan, February 9, 2016. REUTERS/Yuya ShinoAsia dips amid smoldering banking sector concerns, yen stands tall (Business Insider)

Asian stocks dipped early on Wednesday amid smoldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. The decline was limited after Wall Street shares cut most of their losses overnight and gave battered risk assets some relief.

3% Inflation Has This Country at Its Gloomiest Since 2008: Chart (Bloomberg)

Three rate cuts unleashed in a year by Norway’s central bank and expansionary fiscal policy aren’t enough to mitigate the blues for consumers, who are at their gloomiest since 2008 as sinking oil prices hit a key sector.

Yen Gains Sideline Kuroda as Volatility Sweeps Rates Shock Aside (Bloomberg)

Haruhiko Kuroda has a problem: traders are paying more attention to the volatility sweeping global markets than the Bank of Japan governors monetary easing.

Politics

Trump and Sanders Won New Hampshire, Not the White House (Bloomberg View)

The pollsters got it right for a change. Donald Trump, the Republican outsider, won solidly in New Hampshire over a divided field, while Bernie Sanders, the Democratic insurgent, won in a landslide over Hillary Clinton.

Obama Sends a 'Progressive Manual' to Congress (The Atlantic)

President Obama on Tuesday delivered his $4.1 trillion annual budget proposal to Congress, and he immediately found a startling point of agreement with the top Republican on Capitol Hill.

“President Obama’s Budget Is A Progressive Manual,” read the title of House Speaker Paul Ryan’s statement in response. His aides and allies promptly circulated #progressivemanual as a Twitter hashtag. To which the president’s top White House aides probably murmured, “Thanks for noticing.”

Clinton campaign spins New Hampshire loss as Sanders digs in (Market Watch)

Hillary Clinton’s campaign wants voters to forget all about the New Hampshire primary and move on. But Bernie Sanders is determined not to let them.

On Tuesday night, Sanders, a self-described democratic socialist, soundly defeated former Secretary of State Clinton in the Granite State’s first-in-the-nation primary. It was a blow that Clinton’s campaign had conditioned supporters for — but one that Sanders pounced on as the two Democratic contenders barrel toward the next contests in Nevada and South Carolina.

Technology

Seagull Unmanned Surface VesselIsraeli Defense Company Unveils Robot Warship (Popular Science)

Seagull Unmanned Surface Vessel

A minefield is the last place where a human should be. Unfortunately, for as long as humans have built explosives and floated them underwater, it’s been up to human-crewed boats to get close and do the work of disarming the deadly weapons. Elbit, an Israel-based defense company, today unveiled a new unmanned surface vessel dubbed the “Seagull,” designed to face danger in the ocean without any humans on board.

Health and Life Sciences

Well: Why We Get Running Injuries (and How to Prevent Them) (NY Times)

Warm weather is on its way across the country — really, it is, I promise— and so are spring marathons, meaning that many people soon will begin a new or augmented running program. Many also will wind up sidelined by injury. But a new study suggests that being light on your feet could keep most runners healthy.

Is Fat From Another Area of Body Safe for Breast Reconstruction? (Medicine Net Daily)

Using women's own fat cells to enhance breast reconstruction following cancer surgery doesn't increase the risk they will experience a recurrence of their disease or develop a new cancer, research suggests.

Life on the Home Planet

Einstein's weirdest prediction is true — and will soon radically transform our understanding of the universe (Tech Insider)

Have no doubt: Gravitational waves, or ripples in the fabric of spacetime, are real and undulating across the universe at incredible speed — right through everyone and everything on Earth.

Scientists have known this since at least 1974, when two astronomers proved their existence using a bizarre object deep in space (more on that in a moment).

India 'meteorite death' to be probed (BBC)

Indian scientists have been asked to verify claims that a man died after being hit by a meteorite in southern Vellore city.

Tamil Nadu Chief Minister Jayalalithaa Jayaram said on Sunday that Kamraj, a bus driver, died after a meteorite fell on a college campus.

Sharks Attacked More People Than Ever Last Year (The Huffington Post)

Sharks set a new record for the largest number of unprovoked attacks in a single year, according to an annual global count.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,452FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x