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Market News

Location American Market News for 4 July 2014

Waiting for Action on Taxes

Wall Street Journal - 4 Jul 2014 22:58
Tax Report: What to do until Congress deals with expired breaks.
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The European Banking Authority, or EBA, has advised all European banks against "buying, holding, or selling virtual currencies," until an adequate regulatory regime is in place to prevent the misuse of such currency.
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It has taken over 20 years, but a woman was back on the track in the male-dominated world of Formula One .
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Indian bonds complete first weekly gain in a month before budget The yield on benchmark bonds fell 9 bps this week to 8.66%, the first decline since the period ended 6 June
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Gold ends steady; silver rises on stockists buying

livemint.com - 4 Jul 2014 12:30
Gold ends steady; silver rises on stockists buying Gold of 99.9 and 99.5% purity were unaltered at Rs28,400 and Rs28,200 per ten gram respectively
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Bharti Airtel gains; RBI allows increase in FII limit Foreign institutional investors can now invest up to 74% in Bharti Airtel under the portfolio investment scheme
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Emerging markets rise to 16-month high on improved US job data The developing-nation measure has advanced 6% this year and trades at 11 times projected 12-month earnings
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Brent holds above $111, US oil in longest losing streak since 2009 US oil futures are down for a seventh straight day amid expectations of more shipments from Libya and Iran
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Sensex trades flat; metal, capital goods shares fall The metal and capital goods indices were the biggest sectoral losers, down 0.7% each
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Rupee opens 0.1% higher at 59.69 per dollar

livemint.com - 4 Jul 2014 05:44
Rupee opens 0.1% higher at 59.69 per dollar The rupee strengthens to 59.69 per dollar compared with its Thursday's close of 59.74
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Opening Bell 4 July | Upbeat US jobs data lifts markets Asian markets were on course to extend this week's heady gains, following buoyant US jobs data
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Banks Estimate Exposure From Port Qingdao Fraud

Wall Street Journal - 4 Jul 2014 03:36
Foreign banks at risk to a possible fraud at a Chinese port are tallying up their exposure, with estimates topping $500 million.
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Investors Remain Optimistic Even as Dow Tops 17000

Wall Street Journal - 4 Jul 2014 02:51
Strong news on U.S. hiring pushed the Dow industrials above 17000 for the first time, bolstering the belief among investors that the five-year bull market has more room to run.
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