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Market News

Location American Market News for 19 August 2013
Opening Bell 19 August | Friday mayhem leaves investors wary Trading may remain choppy; Asian stocks open lower after US markets close in red
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If most Americans are hard-pressed to save for retirement, it's not due to lack of savings vehicles nor tax breaks. There are plenty of those to go around.
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The Mad Doctors of Wall Street are once again in their labs, conjuring up freaky new investment products to dump on unsuspecting retail clients.
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Stocks Slumber, Treasury Rates Rise To Two-Year High Equities adrift, bond yields pop to two-year high.
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NSEL release suggests shortfall in collection to meet payouts Exchange manages to collect `80.59 cr only till Monday against its liability of `174.72 cr as its first payout today
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(Kitco News) - Comex gold futures prices ended the U.S. day session moderately lower in uneventful summertime trading Monday. Early on, the yellow metal hit a two-month high. The bulls have gained upside technical moment...
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Investors move defensive ahead of Fed minutes

Telegraph - 19 Aug 2013 20:00
Investors move defensive ahead of Fed minutes Fears US Federal Reserve could start tapering QE as early as next month.
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Miners lead the charge as FTSE buoyed by China's manufacturing data Positive news out of China was like a red rag to the bulls, stopping the FTSE 100 falling for a fourth day.
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M&S buoyed by 'leading ladies' campaign

Telegraph - 19 Aug 2013 20:00
M&S buoyed by 'leading ladies' campaign M&S to launch new advert as part of its plan to halt a prolonged slump in clothing sales.
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Repo market decline raises alarm as regulation strains debt From fewer repos to lower inventories of bonds, financial institutions are responding to more stringent capital standards imposed by regulators
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(Kitco News) - The recent correction lower in equities, bargain hunting and the ability of gold prices to bounce from their late-June lows are all factors that have stopped the long-running slide in holdings of gold exch...
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India to sell `15,000 cr of govt bonds on 23 August: RBI Govt to sell `6,000 cr of 8.20% 2025 bonds, `3,000 cr each of 8.32% 2032, 8.12% 2020 and 8.30% 2042 bonds
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The spectre of large corporate NPAs

livemint.com - 19 Aug 2013 18:26
The spectre of large corporate NPAs The large corporate segment is overleveraged and is a potential source of additional asset quality stress for banks, says Credit Suisse
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The First Windows Phone With Legs

Forbes - 19 Aug 2013 18:08
Typically, global consumer interest in phones peaks within two months of the launch and then starts dwindling. Google Trends search volume graphs illustrate this pretty effectively. Recent Windows smartphones have fallen...
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IBD 50's Top Four Losers

Forbes - 19 Aug 2013 18:08
IBD 50's Top Four Losers The sharply lower weekly close in the major averages last week was consistent with the deterioration in the technical studies, especially the market internals. These indicators, as well as the OBV on key ETFs like the Sp...
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Business news and markets: as it happened, August 19, 2013 Germany should return to "normal" growth rates in the second half of the year, according to the Bundesbank, after recording its strongest growth in more than a year in the second quarter.
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US bond yields hit 2-year high; emerging currencies slide Stimulus slowdown, economic recovery hit US bonds; Indian rupee hits record low vs dollar
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Indian gold imports set to resume after 4-week halt as export rule clarified Singapore sees more buying from Indian dealers, jewellers; premiums could fall to $10 from $40 per ounce
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S&P 500 June Quarter Earnings Growth Was Negative When Excluding The Financials The S&P 500 June quarter earnings growth was negative when excluding the financial companies.
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Stocks Won't Be Enough

Forbes - 19 Aug 2013 17:54
Two classic stock market yardsticks say the same thing: don't expect big returns in the future.
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(Kitco News) - A price rally inspired speculators to build bullish positions in precious metals futures and options traded on the Comex division of New York Mercantile Exchange and the Nymex, confirming many market parti...
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Rand joins list of emerging currency fallers

livemint.com - 19 Aug 2013 17:33
Rand joins list of emerging currency fallers Emerging equities lose 1% as US Treasury yields rise to new two-year highs; Indonesia's rupiah sinks to four-year lows
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