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Market News

Location American Market News for 13 March 2014
A slight recovery at Titan doesn't justify its rich valuations Titan has had relief rallies in the past year too, but it remains to be seen if there is a genuine recovery at the company
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UniCredit Caught on Horns of Dilemma

Wall Street Journal - 13 Mar 2014 22:30
Executives at the Italian bank faced an unpleasant decision about fourth-quarter results: announce a record-breaking loss or run the risk of displeasing investors and Italian regulators.
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Barclays PLC (LON:BARC), the world's seventh-largest bank by assets, will lay off thousands of staff as it overhauls the iconic but troubled financial institution, the Financial Times reported Thursday. The London-based ...
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All eyes on today's WPI inflation data

livemint.com - 13 Mar 2014 21:31
All eyes on today's WPI inflation data It will provide a crucial input to RBI for its monetary policy review due on 1 April
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Market report: GKP slumps on estimate cut

Telegraph - 13 Mar 2014 21:24
Market report: GKP slumps on estimate cut The oil explorer tumbled as much as 28.8pc amid disappointment with its resources     
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Cat allergy group raises £200m in float

Telegraph - 13 Mar 2014 21:21
Cat allergy group raises £200m in float Oxford-based Circassia valued at around £581m after floating at top of price range     
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PSU ETF to be launched on 18 March

livemint.com - 13 Mar 2014 21:10
PSU ETF to be launched on 18 March Goldman Sachs India AMC will start selling India's first mutual fund scheme aimed at helping the govt divest part of its stake in state-run companies
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Gold Takes Cues From Rates, Not Wars

Forbes - 13 Mar 2014 20:45
Ukraine is a sideshow. For now. Real 10-year U.S. bond yields have fallen from 1.5% above inflation when gold bottomed below $1,200 per ounce last New Year's Eve to 1.0% or so today. Making U.S. debt less attractive as a...
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Government to buy back bonds worth `15,000 crore

livemint.com - 13 Mar 2014 20:33
Government to buy back bonds worth `15,000 crore The repurchase, on 18 March, 'is purely ad hoc in nature', the Reserve Bank of India said in a statement
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Colgate-Palmolive (CL) increased the ongoing quarterly common stock cash dividend by 6%. The increase will be effective as of the second quarter, 2014. The new rate of $.36 per share is up from $.34. The Board declared t...
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Prettiness of CAD was big trigger for markets: Devika Mehndiratta ANZ senior economist for Asia-Pacific region says India's economy may have put the worst behind it, but will not see a sharp upswing this year
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Thursday's ETF with Unusual Volume: XSD

Forbes - 13 Mar 2014 19:50
The SPDR S&P Semiconductor ETF (XSD) is seeing unusually high volume in afternoon trading Thursday, with over 245,000 shares traded versus three month average volume of about 25,000.  Shares of XSD were off about 1.9% o...
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
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Business news and markets: as it happened - March 13, 2014 Ireland saw its economy shrink by 0.3pc in 2013, official data showed on Thursday, suprising analysts who expected growth of 0.4pc     
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(Kitco News) - Continued weakness and rising volatility in the Chinese yuan is being felt in the copper markets, a trend that some analysts are expecting to continue as investors adjust to higher risks and more open Chin...
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'The China Market' Becomes 'The China Global Demographic' China is a market.  The place where brands and retailers from around the world build stores, work with distributors, engage in e-commerce and advertise, market and sell their products to more than 1 billion people.  Mo...
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In trading on Thursday, diagnostics shares were relative laggards, down on the day by about 1.6%.  Helping drag down the group were shares of Provident Service (PRSC), off about 15.8% and shares of Addus Homecare (ADUS)...
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In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.9%.  Leading the group were shares of Sandstorm Gold (SAND), up about 6.5% and shares of Golden Star Resources (GSS) up abou...
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Is Your Portfolio Well-Positioned?

Forbes - 13 Mar 2014 17:44
Is Your Portfolio Well-Positioned? The lack of much economic data so far this week has likely helped to reduce the volatility from last week and there were signs late Wednesday that the selling was starting to dry up. The S&P futures made their lows in th...
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Bharti Airtel raises 350 million Swiss francs via six-year bonds The bond, issued at a 3% coupon rate, is rated at "BBB-", on par with India's sovereign rating
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EWH, SVXY: Big ETF Outflows

Forbes - 13 Mar 2014 16:55
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Hong Kong ETF (EWH), where 2,325,000 units were destroyed, or a 2.1%...
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UWM, TECS: Big ETF Inflows

Forbes - 13 Mar 2014 16:54
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Proshares Ultra Russell2000 (UWM), which added 5,775,000 units, or a 38.3% increase week...
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