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Market News

Location American Market News for 1 July 2015
After a decade of economic stagnation and high unemployment, Puerto Rico is at a precipice of insolvency with no way to pay off its massive $73 billion debt. The commonwealth's politicians, policymakers and populace all ...
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Office Market Is on a Slow Roll

Wall Street Journal - 1 Jul 2015 06:03
Employers took on 8.2 million square feet of additional office space in the second quarter, one of the stronger periods since the recession but a relatively tepid expansion by historical standards.
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Twitter Larger Than S&P 500 Component General Growth Properties In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Twitter Inc (NYSE: TWTR) was identified as having a larger market cap than the smaller end of the S&P 500, for example General...
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Further delay likely in final decision on NSEL-FTIL merger NSEL will present its case to MCA as per schedule; FTIL's hearing has been postponed by four weeks
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Algorithmic trading in domestic commodities sees sharp spike While such trading is popular in equities, it has picked up relatively recently in the commodities market
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Where are the manufacturing jobs?

livemint.com - 1 Jul 2015 21:26
Where are the manufacturing jobs? While employment in manufacturing was expanding moderately in 2012 and to some extent in 2013, it has seen more contraction than expansion since July last year
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Key takeaways from InterGlobe's draft prospectus for share sale The DRHP filed by the company details how the airline has claimed the top spot in the aviation industry by sticking to a single-aircraft model with no frills
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Ace Is High for Rate-Rattled Insurers

Wall Street Journal - 1 Jul 2015 21:14
Ace's deal to buy Chubb can yield benefits for investors even if interest rates do the unexpected.
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Short-term comfort from external debt

livemint.com - 1 Jul 2015 21:11
Short-term comfort from external debt Short-term debt by residual maturity as a proportion of total external debt was 38.9% at the end of the last fiscal year, the best in at least half a decade
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Wednesday Sector Laggards: Energy, Healthcare The worst performing sector as of midday Wednesday is the Energy sector, showing a 2.0% loss. Within the sector, Chesapeake Energy Corp. (NYSE: CHK) and Transocean Ltd. (NYSE: RIG) are two large stocks that are lagging, ...
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LME Launches New Round of Warehousing Rules Proposals

Wall Street Journal - 1 Jul 2015 20:43
The London Metal Exchange on Wednesday launched another round of proposals to improve its warehousing operations, which have been criticized for the long delays, particularly for aluminum.
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Wednesday Sector Leaders: Financial, Services Looking at the sectors faring best as of midday Wednesday, shares of Financial companies are outperforming other sectors, up 1.2%. Within that group, Chubb Corp. (NYSE: CB) and Hartford Financial Services Group Inc. (NYS...
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BSE lays down new norms for share settlement, tendering The norms, effective from 1 July, to make delisting, buyback and takeover offers easier
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Derivative trade volumes for IntercontinentalExchange Group have been low in the second quarter thus far. Limited trading activity for interest rate and equity derivatives has overshadowed the growth witnessed in trading...
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We continue to reiterate a price estimate of $59.12 for the company?s stock, which is almost at par with the current market price. This is based on the view that eBay could see continued traffic-related headwinds in the ...
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General Mills (GIS) declared a quarterly dividend at the prevailing rate of 44 cents per share, payable August 3, 2015, to shareholders of record July 10, 2015. The General Mills quarterly dividend rate was most recently...
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Activity levels remained high across the global equity market for a second consecutive quarter, with quarterly data compiled by Thomson Reuters showing that companies around the world raised $279 billion through IPOs and...
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Streaming giant Netflix is reportedly set to enter the Indian market in 2016, according to Indian newspaper The Times of India. This launch will be part of the company's aggressive international expansion strategy throuh...
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Wednesday's ETF with Unusual Volume: IWB

Forbes - 1 Jul 2015 19:45
The iShares Russell 1000 ETF (IWB) is seeing unusually high volume in afternoon trading Wednesday, with over 6.8 million shares traded versus three month average volume of about 584,000.  Shares of IWB were up about 0.5...
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Wednesday's ETF Movers: FXO, OIH

Forbes - 1 Jul 2015 19:44
In trading on Wednesday, the First Trust Financials AlphaDEX Fund ETF (FXO) is outperforming other ETFs, up about 1.4% on the day.  Components of that ETF showing particular strength include shares of Chubb (CB), up abo...
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Deere, Potash Face a Glutted Market

Wall Street Journal - 1 Jul 2015 19:41
Agricultural prices face a 10-year bear market, says the OECD. That is bad news for companies supplying tractors and fertilizer.
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In trading on Wednesday, metals & mining shares were relative laggards, down on the day by about 3.4%.  Helping drag down the group were shares of Peabody Energy (BTU), off about 24.7% and shares of Alpha Natural Resour...
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