Panic Defused in Stocks With Sharpest VIX Drop Since 2009

Posted by Forexsq 12 hours ago (
img Four consecutive advances in the Standard & Poor’s 500 Index (SPX) have pushed the gauge up 4.2 percent since Oct. 15, recouping half the losses from a selloff that began in mid-September. After surging to a 28-month high last week, the Chicago Board Options Exchange Volatility Index (VIX) has fallen at least a point a day starting Oct. 16, reflecting a dissipation of investor concern that hasn’t

Russia Loses Oil Ally in De Margerie After Moscow Crash

Posted by Forexsq 12 hours ago (
img Christophe de Margerie’s last act as chief executive officer of Total SA (FP) left no room for doubt about his feelings toward Vladimir Putin’s Russia.

In a Moscow speech hours before the plane crash that took his life two days ago, de Margerie said U.S. and European Union sanctions on the country were “unfair and unproductive,” and that he opposed efforts to render it “isolated from the major

Consumer Prices in U.S. Rise 0.1% as Inflation Remains Muted

Posted by Forexsq 12 hours ago (
img The cost of living in the U.S. barely rose in September, leaving inflation below the Federal Reserve’s goal as fuel prices plunge this month.

The consumer-price index climbed 0.1 percent after decreasing 0.2 percent in August, a Labor Department report showed today in Washington. The median forecast of 84 economists surveyed by Bloomberg called for no change. Excluding volatile food and fuel,

S&P 500 Fluctuates as Yahoo Climbs on Sales; Biogen Sinks

Posted by Forexsq 12 hours ago (
img U.S. stocks fluctuated after the Standard & Poor’s 500 Index rose the most in a year yesterday, companies reported better-than-estimated results and data showed inflation remains tame.

Yahoo! Inc. added 5.9 percent after third-quarter sales topped estimates. Broadcom Corp., a maker of communications chips, jumped 6.2 percent after reporting earnings that beat analysts’ estimates and giving a f

Canada Parliament Locked Down After War Memorial Shots

Posted by Forexsq 12 hours ago (
img Canada’s Parliament has been locked down after a soldier was shot at the nation’s war memorial in Ottawa. The gunman was later shot and killed by police, according to two members of parliament.

Witnesses including an Alberta lawmaker said a man with a brown coat was seen at the war memorial today carrying a rifle. Shots were also fired on Parliament Hill and the Center Block of parliament was

The world’s best market timers: the Federal Reserve

Posted by Forexsq 12 hours ago (
img Things were looking grim last week, especially on Wednesday, when the Dow Jones Industrial Average was at one point down by 460.

The CBOE VIX indicator soared to the mid-20s for the first time in two years. Fear was palpable as investors had a classic panic attack.

But then, like the cavalry in those classic John Ford westerns, the Federal Reserve rode to the rescue.

James Bullard, presi

U.S. benchmarks hesitate at major resistance

Posted by Forexsq 2 days ago (
img Despite a pronounced volatility spike, the U.S. markets’ price action remains distinctly technical.

Yen Drops as Stock Gains Damp Bid for Safety; Chile’s Peso Rises - Bloomberg

Posted by Forexsq 5 days ago (
img The yen declined against most of its 31 major peers as equities gained, damping demand for the safest assets.

Emerging-market currencies rallied, while a gauge of expectations for volatility slipped from an eight-month high reached this week when traders re-evaluated prospects for global growth, U.S. monetary policy and the spread of Ebola. Chile’s peso rose as policy makers signaled the perio

Obama Regroups With Allies as Airstrikes Fail to Stop Islamic State Gains

Posted by Forexsq 8 days ago (
img President Barack Obama will try to shore up a coalition against Islamic State forces today as airstrikes have failed to stop the extremist Sunni group from gaining territory in Iraq and Syria.

With questions growing about a plan that lacks effective ground forces, Obama and the top U.S. military officer will meet with defense ministers from more than 20 allied countries to bolster support for

ECB Clash Resumes as Draghi Spars With Weidmann on Stimulus

Posted by Forexsq 9 days ago (
img Mario Draghi and Jens Weidmann are clashing anew over how much more stimulus the ailing euro-area economy needs from the European Central Bank.

As Europe’s woes again proved the chief concern at weekend meetings of the International Monetary Fund in Washington, President Draghi repeated he’s ready to expand the ECB’s balance sheet by as much as 1 trillion euros ($1.3 trillion) to beat back the

Coca-Cola stays bubbly amid market rout

Posted by Forexsq 12 days ago (
img U.S. stocks were mostly lower on Friday, but consumer staples rose amid the market uncertainty, with beverage giant Coca-Cola Co (KO.N) again lifting the sector.

Coke was up 1.6 percent to $44.55 and on track for a record close. Earlier this week, the Dow component hit a new all-time high, taking out a level that had persisted since 1998. Over the past 20 sessions, it has only dropped five tim

U.S. 30-Year Yields at Almost 17-Month Low Before Fed Minutes - Bloomberg

Posted by Forexsq 14 days ago (
img Treasury 30-year bond yields traded at almost the lowest level since May 2013 before the Federal Reserve releases minutes of its latest policy meeting.

Benchmark 10-year notes erased losses as Chicago Fed President Charles Evans said unemployment remains too high and a stronger dollar could hurt the country’s exports. Government bonds surged around the world yesterday as the International Mone

H-P split paves way for M&A deals

Posted by Forexsq 16 days ago (
img A Hewlett-Packard Co. split is good for the company and its investors and opens a door to acquisitions, analysts said Monday as the computer giant confirmed plans to separate its hardware and services businesses.

If successful, H-P’s HPQ, +4.75% computer/printer business and enterprise/services operations would roll out as two standalone publicly-traded companies, each with more than $50 bill

Billionaire Buffett Says Tesco Investment Was ‘A Huge Mistake’

Posted by Forexsq 19 days ago (
img Billionaire investor Warren Buffett said his investment in Tesco Plc was a “huge mistake,” as the U.K. supermarket leader’s share price remains close to an 11-year low amid declining sales and an accounting probe.

“I made a mistake on that one,” Buffett, 84, said in an interview with CNBC today. “That was a huge mistake by me.”

Ukrainian Truce Frays as Rebels Step Up Airport Attacks

Posted by Forexsq 21 days ago (
img The cease-fire in Ukraine that curtailed casualties for four weeks is starting to fray as the military said pro-Russian insurgents intensified their efforts to take control of the airport in Donetsk.

Government forces still hold the airport of the biggest city in the combat zone after repelling a one-hour separatist assault this morning, the army said on Facebook. Ten civilians were killed and

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