stock-exchange

Xi to be first Chinese leader to attend Davos World Economic Forum

January 10, 2017 By admin

BEIJING/GENEVA (Reuters) – President Xi Jinping this month will become the first Chinese head of state to attend the World Economic Forum (WEF) in Davos, which this year will dwell on the rising public anger with globalization and the coming U.S. presidency of Donald Trump. Xi will take centre stage at the Jan. 17-20 forum with China presenting itself as a champion of globalization. The Chinese Foreign Ministry on Tuesday confirmed Xi's widely expected attendance at the annual gathering of global political leaders, CEOs and celebrities in the Swiss Alps.

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Xi to be first Chinese leader to attend Davos World Economic Forum

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Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll

September 2, 2016 By admin

Wall Street's biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most talk of a move as early as this month. Economists for 13 out of 14 primary dealers who responded to a Reuters poll on Friday said they expect the Fed to lift the targeted range for its benchmark short-term interest rate by a quarter-percentage point to a median level of 0.63 percent by year end. The current mid-point for the federal funds rate is 0.38 percent.

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Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll

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Wall Street Week Ahead: Again at highs, stocks to take cues from consumer

August 6, 2016 By creative

Quarterly earnings reports from department store operators including Macy's , luxury goods companies such as Michael Kors and entertainment company Disney will set the tone for Wall Street, with investors also eyeing U.S. retail sales data due on Friday. “The consumer, in our mind, is a lever that could cause equities to trend higher,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. Recent data has shown solid consumer spending, including higher-than-expected outlays in June as households bought more goods and services.

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Wall Street Week Ahead: Again at highs, stocks to take cues from consumer

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Worries over China, Brexit push Treasury yields to record low

July 5, 2016 By creative

By Marc Jones LONDON (Reuters) – Investors pushed U.S. government bond yields to an all-time low and the yen sharply higher on Tuesday, as soft data from China added to worries about the impact of Britain's vote to leave the European Union. As a fresh wave of uncertainty ripped through markets, Swiss bond yields turn negative all the way out to 50 years on bets that the world's major central banks will have to wade in with yet more stimulus. European shares lost more than 1 percent in early trade, with China's data hitting commodity-linked firms and the banking sector dented by worries over a near 60-percent slump in Italian bank shares this year. The safe-haven yen rose almost one percent against the euro and dollar , while Brexit-battered sterling hit another 31-year low after soft UK economic data.

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Worries over China, Brexit push Treasury yields to record low

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Wall Street sings Brexit blues with brutal two-day slide

June 27, 2016 By publisher

(Reuters) – Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months.

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Wall Street sings Brexit blues with brutal two-day slide

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Worst day in 10 months as Wall Street reacts to ‘Brexit’

June 24, 2016 By admin

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011. The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.

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Worst day in 10 months as Wall Street reacts to ‘Brexit’

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With weak earnings in tow, focus turns to jobs data

April 30, 2016 By admin

Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter. U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected to have added 200,000 jobs in April, with the unemployment rate unchanged at 5 percent and a wage increase of 0.3 percent, according to Reuters data. Unlike in recent months, where weak jobs numbers were counted on to stave off another Federal Reserve interest rate hike, investors are now itching for better-than-expected employment data to indicate a stronger next earnings season, analysts said.

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With weak earnings in tow, focus turns to jobs data

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Wall Street surges at end of awful January

January 29, 2016 By admin

At one point last week, the S&P's loss for 2016 reached 11 percent before recovering to end the month down 5 percent. Global equities got a surprise boost on Friday after Japan's central bank cut a benchmark rate below zero to stimulate its economy. Microsoft shares jumped 5.83 percent on better-than-expected results.

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Wall Street surges at end of awful January

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Wall Street rally stamps exclamation point on volatile week

January 22, 2016 By publisher

A 4.3-percent jump in the S&P energy sector laid the foundation for the S&P 500's strongest session so far this year. After dropping earlier this week to 2014 lows, the S&P 500 has recovered in the past two sessions to end the week 1.4-percent higher. The Dow Jones industrial average rallied 1.33 percent to finish the session at 16,093.51 points while the S&P 500 surged 2.03 percent to 1,906.9.

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Wall Street rally stamps exclamation point on volatile week

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Yahoo looking to slash 10 percent or more of its workforce: Business Insider

January 7, 2016 By publisher

(Reuters) – Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources. “We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. The layoffs, which would result in more than 1,000 people leaving the tech giant, is set to affect Yahoo's media business, European operations, and platforms-technology group, Business Insider said on Wednesday.(read.bi/1ZawbOm) This move follows activist investor Starboard Value LP's letter to Yahoo on Wednesday ramping up pressure on Yahoo, taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect that a proxy battle is approaching.

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Yahoo looking to slash 10 percent or more of its workforce: Business Insider

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