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Market News

Location American Market News for 9 December 2015

China Sets Yuan at Weakest Level Since 2011

Wall Street Journal - 9 Dec 2015 13:29
Facing currency outflows and a weakening economy, Beijing guided the yuan to its weakest level against the dollar in more than four years.
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Looking for an Oil Play? Try the Permian Basin

Wall Street Journal - 9 Dec 2015 20:24
Shares of Permian energy producers are among the top-performing energy stocks in an otherwise woeful year for the sector.
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Less Than Zero: Living With Negative Interest Rates

Wall Street Journal - 9 Dec 2015 06:24
There is some good and bad in the upside-down world of negative interest rates, in which banks impose a levy on customers to hold their money. How this scenario will play out is anyone's guess.
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Crude Prices Pare Losses but Oil Oversupply Fear Lingers

Wall Street Journal - 9 Dec 2015 13:38
Oil prices were higher, recovering from steep falls this week even as sentiment remained bearish over the sector's oversupply.
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Energy Sector's Junk-Bond Pain Spreads

Wall Street Journal - 9 Dec 2015 13:30
Losses in the energy sector's junk-bond market are spreading beyond oil-and-gas producers, further rattling investors who are now preparing for a wave of defaults next year.
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Gold recovers on global cues, uptick in wedding season demand Gold of 99.9% and 99.5% purity rebounded by Rs65 each to Rs25,840 and Rs25,690 per 10 grams, respectively
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Office Market Overhaul for Downtown L.A.

Wall Street Journal - 9 Dec 2015 05:43
The office market in downtown Los Angeles is undergoing a surge of investment, with developers in the process of overhauling more than one million square feet of tired warehouses and old office buildings in at least seve...
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David Tepper Buys More TerraForm Power, Increases Pressure on Board David Tepper (Trades, Portfolio)’s Appaloosa Investment Limited Partnership added 200,000 shares to its holding of TerraForm Power (NASDAQ:TERP), raising its position in the company to 7.6 million, it disclosed Tuesday...
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More Danger Lurks in the Energy Industry

Wall Street Journal - 9 Dec 2015 23:43
Energy's woes have been compounded by low natural-gas prices and near-capacity storage, weighing on a number of high-profile companies.
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Prospect Capital is Oversold

Forbes - 9 Dec 2015 23:09
Prospect Capital is Oversold The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — ...
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Moody's Places Brazil on Review for Downgrade

Wall Street Journal - 9 Dec 2015 22:59
Moody's Investors Service placed Brazil's debt on review for downgrade on Wednesday, citing the country's rapidly worsening economic and political situation.
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Corn Futures Pare Gains

Wall Street Journal - 9 Dec 2015 22:55
Corn prices barely finished higher Wednesday as government forecasters forecast bigger-than-expected supplies next year, citing soft overseas demand for the crop.
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Investors Keep Faith in Southern European Bonds

Wall Street Journal - 9 Dec 2015 22:24
Investors are betting that the European Central Bank's massive money-printing effort will bridge fissures in the eurozone's fiscal landscape.
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Oil marketers: will the outperformance stay?

livemint.com - 9 Dec 2015 21:58
Oil marketers: will the outperformance stay? Lower crude oil prices, diesel deregulation and a better refining margin environment are some of the factors that have helped
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A two-speed global economy

livemint.com - 9 Dec 2015 21:55
A two-speed global economy The divergence in growth between the two sectors has been more stark this year
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Noteworthy Wednesday Option Activity: WYNN, AAL, UA Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Wynn Resorts Ltd (NASD: WYNN), where a total of 73,110 contracts have traded so far, representing approximately 7.3 ...
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Wednesday Sector Laggards: Technology & Communications, Consumer Products In afternoon trading on Wednesday, Technology & Communications stocks are the worst performing sector, showing a 1.5% loss. Within that group, Electronic Arts, Inc. (NASD: EA) and Yahoo! Inc. (NASD: YHOO) are two of the ...
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Wednesday Sector Leaders: Materials, Utilities Looking at the sectors faring best as of midday Wednesday, shares of Materials companies are outperforming other sectors, higher by 0.8%. Within that group, DuPont (NYSE: DD) and Dow Chemical Co. (NYSE: DOW) are two larg...
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Netflix: Such a Thing as Too Much Information

Wall Street Journal - 9 Dec 2015 21:24
Netflix's investors may be better off not knowing how many people are watching its shows.
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Shares of Indian IT companies fall on US proposal to curb H-1B visas Barring TCS, shares of other IT giants reacts negatively
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Broker's concrete support boosts SIG's share price Shares in building supplies group SIG jump after Canaccord Genuity begins covering the stock with a buy rating
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Yahoo's Portal to Nowhere

Wall Street Journal - 9 Dec 2015 21:01
A decision by Yahoo's board to abandon its planned spinoff of the company's Alibaba stake may have been its best option. But it doesn't remove the massive hurdles Yahoo faces.
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