Stocks falls in volatile trading after Fed minutes

Posted by Forexsq 11 days ago (http://www.reuters.com)
img U.S. stocks fell in choppy trading on Wednesday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month.

The minutes showed policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the U.S. job market improved further. Market expectations for a Fed hike in September fell from one in two to roughly one in three after the minutes were published.

Utilities stocks .SPLRCU, sought by investors when Treasuries yields are seen remaining lower for longer, sharply outperformed the benchmark index with a 0.4 percent gain.

Energy stocks .SPNY posted the most losses on the S&P 500 as crude oil fell 5 percent on the day, even as the U.S. dollar also weakened.

“It looks like based on commodity prices, China, wages not really picking up, that [Fed officials] are not getting any closer to meeting their i

Wall Street stocks surges for second day on strong GDP data

Posted by Forexsq 4 days ago (http://www.reuters.com)
img U.S. stocks extended their rally on Thursday, raising hopes that the worst of Wall Street's recent turmoil was behind it, after further evidence that the economy was on a solid footing.

The three major indexes were up more than 2 percent in early afternoon trading and were poised for their biggest two-day gain since 2009.

Data showed that the U.S. economy grew 3.7 percent in the second quarter - better than expected and much faster than the previous estimate of 2.3 percent.

Signs that the market was stabilizing rekindled expectations of an interest rate increase this year but interest rate swap rates indicated only a 25 percent chance of a hike next month.

The market snapped a 6-day losing streak on Wednesday after New York Fed President William Dudley said the case for a September hike was "less compelling" after recent market turmoil sparked by fears of slowing growth in China.

"I think in terms of sharp drops, the worst is probably behind us but it's going to take a

Stocks: This week could be ugly. Don't panic yet

Posted by Forexsq 147 days ago (http://money.cnn.com)
img Spring may be here, but the U.S. economy and corporate America are stuck in winter mode.

When the stock market opens Monday, trading could be brutal. The economy added a mere 126,000 jobs in March, according to the latest data that came out Friday. That was a huge disappointment.

The markets were closed for the holiday weekend, but boy, did things get ugly in the futures market. The Dow, S&P 500 and Nasdaq futures all careened down 1%.

Hiring had been the one really bright spot in the economy with the U.S. averaging over 250,000 job gains a month for about a year.

And then March hit.

It's the latest in a stream of sub-par news. Experts have been slashing their forecasts for economic growth and corporate earnings.

Reasons to be queasy: The Federal Reserve Bank of Atlanta started the year predicting 1.9% growth for the first quarter. Last week they cut that forecast to zero.

Businesses are also predicting lousy results. The reporting season kicks off Wednesday with

Oil Slump Pushes Stocks Toward First Profit Decline Since 2009

Posted by Forexsq 147 days ago (http://www.bloomberg.com)
img Tumbling oil prices and a stronger dollar are pushing down U.S. corporate profits for the first time in more than five years, hurting companies from Exxon Mobil Corp. to Wal-Mart Stores Inc.

First-quarter earnings per share for companies in the Standard & Poor’s 500 Index may have fallen about 5.8 percent, according to estimates compiled by Bloomberg, in the first year-over-year decline since 2009’s third quarter.

As earnings season gets its unofficial start this week with Alcoa Inc., the biggest drag will come from a 63 percent profit decline at energy companies. Oil prices have fallen by about half from a year ago as companies pumped their way into a global glut, and the dollar’s climb of about 25 percent against a basket of currencies since last summer has chipped away at revenue for companies such as United Technologies Corp.

“There are all these cross currents going on right now heading into earnings season,” said Todd Lowenstein, who helps manage $16 billion at HighMark

US Stock Futures Drop on Jobs Data as Gold, Oil Rise

Posted by Forexsq 147 days ago (http://www.bloomberg.com)
img U.S. stock-index futures retreated after data Friday that showed the weakest American hiring in more than a year. Emerging-market currencies strengthened with gold, while oil climbed as Saudi Arabia raised prices for shipments to Asia.

Standard & Poor’s 500 Index futures declined 0.7 percent from their April 2 close as of 7:20 a.m. in New York, paring a 1 percent drop in abbreviated trading Friday. Russia’s ruble and Malaysia’s ringgit advanced at least 1 percent after the U.S. currency tumbled Friday. West Texas Intermediate crude jumped 3 percent to $50.59 a barrel and gold rose 1.1 percent. Stock markets were closed in western Europe on Monday.

U.S. payrolls trailed even the most pessimistic forecast, spurring speculation that the Federal Reserve will delay raising interest rates. While data signaling rates near zero for longer have previously been welcomed by American equity investors, concern is building that economic weakness will worsen the outlook for corporate profits.

Europe Stocks Little Changed as Automakers Offset Retail Gain

Posted by Forexsq 151 days ago (http://www.bloomberg.com)
img European stocks were little changed, as declines in auto-related companies offset gains in retailers and telecommunications companies.

Daimler AG dragged carmakers down, falling 2.4 percent. Marks & Spencer Group Plc led retailers higher with a 5.5 percent gain after saying sales at its general-merchandise unit rose for the first time since 2011. Royal KPN NV climbed 1.3 percent after saying it received interest from several parties about the acquisition of its Belgian mobile-phone business Base.

The Stoxx Europe 600 Index slipped 0.1 percent to 398.12 at 8:58 a.m. in London, paring its weekly gain to 0.7 percent. Markets in Denmark, Iceland and Norway are shut today, while Sweden is open for a half day. All European markets are closed for holidays Friday and Monday.

The European Central Bank publishes the minutes of its March 4-5 meeting today, and investors will be looking for further indications of the central bank’s monetary policy thinking.

U.S. economic indicators wi

Wall Street dips at open after ADP report

Posted by Forexsq 152 days ago (http://www.reuters.com)
img U.S. stocks dipped at the open on Wednesday as a weaker-than-expected report on private sector employment raised concerns that Friday's impending jobs report could also point to worsening conditions in the labor market.

The Dow Jones industrial average .DJI fell 31.69 points, or 0.18 percent, to 17,744.43, the S&P 500 .SPX lost 3.86 points, or 0.19 percent, to 2,064.03 and the Nasdaq Composite .IXIC dropped 7.40 points, or 0.15 percent, to 4,893.48

Solid start to second quarter for European stocks, dollar

Posted by Forexsq 152 days ago (http://www.reuters.com)
img European stock markets made solid starts to the second quarter on Wednesday as data pointing to a gradual recovery in the euro zone economy gave investors fresh impetus after their blowout first few months of the year.

Europe's benchmark FTSEurofirst 300 .FTEU3 recovered from a early wobble to put London's FTSE .FTSE Germany's DAX .GDAXI and France's CAC .FCHI up 0.5, 0.3 and 0.5 percent higher respectively as core bond markets yields nudged higher.

Crude oil prices LCOc1 CLc1 maintained their decline as an extension of talks between Iran and world powers on Tehran's nuclear capabilities drove hopes of an agreement that could also ease export sanctions on the OPEC member.

Currency markets were mostly knocking about in recent ranges after a tumultuous few months. The star of Q1, the dollar, edged up to 120.15 versus the yen JPY= and to $1.0750 per euro EUR= after the currency shared by 19 countries made its worst ever start to a year.

"I would be surprised if we had a simil

Europe Stocks Rise, Stocks Futures Pare Drop; Oil Falls

Posted by Forexsq 152 days ago (http://www.bloomberg.com)
img European stocks rose with bonds from Italy and Spain after the region’s manufacturing exceeded initial estimates. Oil dropped as negotiators gave differing views about the progress of talks for a nuclear deal with Iran.

The Stoxx Europe 600 Index climbed 0.9 percent by 10:44 a.m. in London. Standard & Poor’s 500 Index futures slid less than 0.1 percent after the gauge capped its longest run of quarterly gains since 1998. Chinese shares in Hong Kong advanced as manufacturing unexpectedly expanded, while Nigerian bonds rose to a four-month high following presidential elections. The 10-year U.S. Treasury yield increased one basis points to 1.94 percent. Oil in New York fell 0.8 percent to $47.22 a barrel.

Euro-area manufacturing expanded faster than forecast last month, helped by growth in Spain and Italy and a stronger performance in Germany. The value of global stocks climbed to a record last quarter as the Federal Reserve cut its outlook for interest rates and central banks from

Stocks are up so far in 2015, but the wild ride isn't over

Posted by Forexsq 153 days ago (http://money.cnn.com)
img The stock market is ending the first quarter pretty much where it began the year. But it's hardly been a boring three months.

The Dow fell nearly 3.7% in January, surged 5.6% in February and is down about 1.5% this month. The S&P 500 and Nasdaq have gone through similar sentiment swings, although all three indexes are finishing the quarter in positive territory.

Charles Schwab chief investment officer Liz Ann Sonders summed up this volatility the best -- with a nod to U2. "Running to Stand Still: Wild Swings Taking Market Nowhere" is the title of her most recent market commentary.

What can investors expect for the rest of 2015? Probably a lot more of the same.

The case for more gains: On the one hand, stocks still look attractive compared to bonds -- especially stocks that pay handsome dividends.

Stable, if not spectacular economic growth, could be good for the U.S. market. The job market is clicking. Lower energy prices should boost consumer spending.

Have you ever

US Stocks surge with Dow up triple digits

Posted by Forexsq 154 days ago (http://www.cnbc.com)
img U.S. stocks rebounded on Monday, amid encouraging talk of stimulus in Asia, as investors eyed the week's economic data.

"I think the markets got oversold last week," said Bruce McCain, chief investment strategist at Key Private Bank, noting the added encouragement of the morning's good data reports. "There's been a lot of concern about economic strength."

Personal income in February was mostly in-line with consensus, posting a gain of 0.4 percent, above expectations of 0.3 percent. Consumer spending rose 0.1 percent.

Pending homes sales were up 3.1 percent in February, driven primarily by sales in the West and Midwest.

The Dow Jones industrial average gained more than 280 points. The S&P 500 rose more than 1 percent, with energy leading sector advancers with an increase of more than 1.7 percent as oil prices fell.

"Eased tensions in the Middle East and benign economic data gave bargain hunters some motivation to step in," James Meyer, chief investment officer at Tower B

U.S. Equities Extend Quarterly Advance Amid Corporate Mergers

Posted by Forexsq 154 days ago (http://www.bloomberg.com)
img U.S. stocks rose, extending a quarterly advance, amid corporate mergers and optimism central banks will support global growth.

Catamaran Corp. jumped 24 percent after UnitedHealth Group Inc. agreed to buy it. Horizon Pharma Plc rose 14 percent after saying it will acquire Hyperion Therapeutics Inc. Exxon Mobil Corp. and JPMorgan Chase & Co. rose more than 2 percent as oil companies and banks rallied.

The Standard & Poor’s 500 Index added 1 percent to 2,082.10 at 10:57 a.m. in New York. The gauge is up 1.1 percent in the first quarter, maintaining its longest streak of quarterly gains since 1998. The Dow Jones Industrial Average climbed 269.82 points, or 1.5 percent, to 17,982.48. The Nasdaq Composite Index increased 0.8 percent.

“Stocks are being driven in the short-term by the potential for Chinese quantitative easing that they hinted at over the weekend, as well as the mergers and buyouts happening in the equity market,” Andrew Brenner, the head of international fixed incom

15 most promising stocks in Europe

Posted by Forexsq 154 days ago (http://uk.businessinsider.com)
img Barclays just released its "Top Picks" for the first quarter, listing the shares it thinks have the biggest upside potential to surge in price.

The last three months have seen continued growth in the UK and the unexpected resurgence of Europe, as well as the European Central Bank's major quantitative easing scheme, and Barclays think there are still plenty of opportunities around.

These are the bank's top 15 picks for Europe, why they've been chosen, and how much they think the share price could rise by.

15. Glencore — UK-listed mining firm

The case: "The various strands to the Glencore investment case remain powerful, in our view. These are principally very strong earnings growth driven by volumes, most of which is coming at very attractive capital intensities, impressive cost reduction and intriguing supply/demand fundamentals over the next two to three years."

Potential stock value upside: +13%

14. Deutsche Telekom — German telecommunications firm

The case: "

European, Asian shares rise, helped by Chinese stimulus

Posted by Forexsq 154 days ago (http://www.reuters.com)
img Shares rose on Monday with Asian stocks buoyed by hopes for stimulus to boost China's economy, but the euro slipped on more concern about Greece's finances.

In Europe, a rally in technology shares, tracking Friday's surge in the U.S. tech sector, helped equities bounce back from losses last week, although Athens' stock market was down on concern about whether the country will be able to reach agreement with its creditors.

Germany's DAX index .GDAXI rose 1.5 percent, Paris gained 1.2 percent .FCHI and the overall FTSE Eurofirst index of 300 leading European companies was up by 1.1 percent .FTEU3.

Chinese stocks surged to seven-year highs, helped by Beijing's unveiling of an ambitious plan to build a modern Silk Road to Europe and Africa and signs from People's Bank of China Governor Zhou Xiaochuan that added to expectations of more monetary policy easing.

Analysts say investment in the "One Belt, One Road" infrastructure initiative this year alone could reach 300 billion yu

European Stocks Extend Best Quarter Since 2009 on Central Banks

Posted by Forexsq 154 days ago (http://www.bloomberg.com)
img European stocks rose, pushing towards their biggest quarterly rally since 2009, amid optimism central banks will continue to support global growth.

The Stoxx Europe 600 Index gained 1.1 percent to 399.98 at 8:55 a.m. in London. Health-care companies helped push the equity benchmark up 0.3 percent on Friday, trimming its worst weekly loss of the year. The gauge is up 17 percent this year.

U.S. stocks rose late Friday as Federal Reserve Chair Janet Yellen said she expects the central bank to raise interest rates this year, and that subsequent increases will be gradual without following a predictable path. China’s central bank governor said the government can do more to support growth in the world’s second-largest economy.

“Comments from Yellen as well as the Bank of China are driving equity markets higher again,” said Teis Knuthsen, chief investment officer at Saxo Bank A/S’s private-banking unit in Hellerup, Denmark. “We have an enormously accommodative monetary policy around
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