Asian markets traded lower after Wall Street closed in negative territory Japan core machinery orders topped expectations Bitcoin and other cryptocurrencies pared some losses after tumbling earlier The dollar index resumed its decline while the euro inched higher Asian markets traded in negative territory early on Wednesday after Wall Street reversed a triple-digit point gain […]
Fund managers have reduced cash to the lowest level in five years and are at a two-year high in allocation to stocks, according to a Bank of America Merrill Lynch survey. Hedge funds have increased equity allotments to the highest level since 2006. The moves come as stock-based ETFs have taken in $16.5 billion already in 2018 […]
Global stocks mostly fell on Monday as the dollar weakened across the board, pinching the outlook for export-driven regions like Europe. The U.S. market remained closed for a holiday. KEEPING SCORE: Britain’s FTSE 100 fell 0.1 percent to 7,768.12 while Germany’s DAX dropped 0.3 percent to 13,209.37 and France’s CAC 40 ended the day roughly […]
After a 14-day run, Hong Kong’s Hang Seng Index on Monday came close to breaking through its historical record set more than a decade ago. Technical analysts now caution the benchmark looks overbought. Bull Run Hong Kong’s Hang Seng Index has risen for 14 consecutive days, closing in on 2007’s record Its strength, however, shouldn’t […]
British stocks decreased on Monday, with the benchmark FTSE 100 Index down 9.50 points or 0.12 percent at 7,769.14 points. GKN, an automotive and aerospace components company, soared 4.14 percent, the top gainer of the blue chips. WPP and ITV rose by 2.77 percent and 2.35 percent respectively. The British software and information technology business […]
Dividend investors are often on the lookout for high-yield stocks that will pay them well. But they should also be looking for strong companies that have what it takes to not just pay high yields over the short term, but that can pay their investors for many years to come. To help income investors find […]
If you’re worried about the market’s record run coming to an end, one Bank of America strategist says fear not— because there’s a strong technical case for a rally through 2018. According to Stephen Suttmeier, chief equity technical strategist at Bank of America, the advance-decline line of the S&P 500 Index has broken out in […]
Main Lagos index has risen 12% this year, the most globally Ashburton says the gains can continue, while HSBC is bearish The world-beating rally in Nigerian stocks may not be over yet. The main equity index in Africa’s biggest economy has surged 12 percent this year in dollar terms, the most among 96 major bourses […]
The bulls on Wall Street continue to be in full control. Here is one fresh example of that bullishness. The bears might be having a field day raiding bitcoin and ripple speculators, but luckily for investors that voracious profit-taking hasn’t extended to stocks in 2018. And judging by one Wall Street investment bank, a market […]
Saudi bank investors welcome possible Binladin settlement Kingdom Holding jumps on news Prince Alwaleed negotiating Advanced Petrochemical falls after estimating 2017 profit drop Qatar National Bank climbs before earnings announcement Oman’s Renaissance Services slides on widening loss Signs of progress towards settling cases in Saudi Arabia’s crackdown on corruption boosted its stock market on Sunday, […]
One of Wall Street’s most bullish forecasters is out with a near-term correction call, but he’s not letting it interfere with his 2018 bull case for stocks. Canaccord Genuity’s Tony Dwyer is putting his faith in a historical trend that typically points to gains. “What we found is when the yield curve is flattening, it’s […]
Earnings season heats up this week with more big names likely to follow in the path of JPMorgan (NYSE:JPM) in reporting strong full-year guidance and muddied Q4 results influenced by one-time tax charges. In what could be a preview of many conference calls on tap, JP CEO Jamie Dimon called the new tax law “a […]
