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Market News

Location American Market News for 16 March 2016

Nasdaq Looks Outside China for Asian Unicorns

Wall Street Journal - 16 Mar 2016 15:13
After years of focus on China, the New York-based stock exchange is seeking more growth from other countries in the region, including India, South Korea and Japan.
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It's Time for Terex to Embrace Its Chinese Suitor

Wall Street Journal - 16 Mar 2016 12:37
Investors would like it if the U.S. equipment-maker left its current deal with Finland's Konecranes and turned to China's Zoomlion.
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Asian Shares Mixed, Shanghai Edges Up as Premier Li Speaks

Wall Street Journal - 16 Mar 2016 05:51
Asian shares were mixed Wednesday ahead of the U.S. central bank's interest-rate decision, with China stocks edging higher after the country's premier made upbeat comments about the economy.
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Fed Won't Raise Interest Rates, Gives Timeline For Next Increases Fed Chair Janet Yellen announced the Federal Open Market Committee’s decision to keep the federal funds rate at 0.25-0.50%, unchanged from December, and gave a rough timeline for changes in the future.
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Fed Reaction: Markets Embrace Fed's Dovish Tone Once again, the Federal Reserve met expectations on interest rates Wednesday afternoon, leaving the Fed funds rate in a range between 0.25% and 0.5%. But do you hear that tick, tock? The statement tied to the announcemen...
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Shareholders of J.P. Morgan and Citigroup will get to vote later this year on one of the most popular questions on the campaign trail: Should the banks break up into smaller pieces?
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The shipping giant reported fiscal third-quarter earnings of $2.51 per share, adjusted, on $12.7 billion in revenue.
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US Fed keeps key rates unchanged, foresees fewer hikes in 2016 Federal Reserve says US economy has continued to grow at a moderate pace but that the global economy and financial markets still pose risks
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Analyst Raves About Tempur Sealy (His Former Employer)

Wall Street Journal - 16 Mar 2016 22:02
An analyst with Longbow Research arguing that Tempur Sealy is undervalued used to work there and may still be in line for additional compensation from the mattress maker.
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Noteworthy Wednesday Option Activity: COTY, AGN, SHLD Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Coty, Inc. (NYSE: COTY), where a total volume of 10,228 contracts has been traded thus far today, a co...
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UDAY scheme bonds to pay lower interest

livemint.com - 16 Mar 2016 21:34
UDAY scheme bonds to pay lower interest Rajasthan issued UDAY bonds at rate of 8.39%, less than 8.55% paid by state to raise Rs1,000 crore at an 8 March auction
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Brokers Lower the Bar for Retirement Savers

Wall Street Journal - 16 Mar 2016 21:19
Some brokers are rolling out new fee-based products with lower investment minimums ahead of a proposed rule that requires them to put the interests of retirement savers ahead of their own.
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FPIs shun Indian corporate bonds

livemint.com - 16 Mar 2016 21:16
FPIs shun Indian corporate bonds Foreign holdings of Indian corporate paper have dropped Rs12,281 crore so far in 2016, according to NSDL data
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SunEdison Offers Another Excuse For Its Missing Financials SunEdison now blames delayed 10-k filing on IT and accounting control issue.
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Excise duty hike unlikely to affect gold jewellery demand Gold jewellery demand could well remain steady this year, although rural purchases will depend on the monsoon rains
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Buybacks Aren't What They Used to Be

Wall Street Journal - 16 Mar 2016 20:53
Investors aren't rewarding companies that deploy the biggest buybacks as much as they once did.
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A grim scenario for banks' capital adequacy

livemint.com - 16 Mar 2016 20:52
A grim scenario for banks' capital adequacy Bad loans that have not been provided for make up close to one-fifth of the net worth of Indian banks
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Wednesday Sector Laggards: Healthcare, Financial Looking at the sectors faring worst as of midday Wednesday, shares of Healthcare companies are underperforming other sectors, showing a 0.4% loss. Within the sector, Vertex Pharmaceuticals, Inc. (NASD: VRTX) and Allergan...
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Wednesday Sector Leaders: Energy, Utilities

Forbes - 16 Mar 2016 20:43
Wednesday Sector Leaders: Energy, Utilities The best performing sector as of midday Wednesday is the Energy sector, higher by 1.2%. Within that group, Williams Cos Inc (NYSE: WMB) and Chesapeake Energy Corp. (NYSE: CHK) are two large stocks leading the way, showin...
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Gold prices were solidly higher in afternoon trading Wednesday, getting a good boost following a dovish FOMC statement.
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Fed Ratchets Down Rates Forecast, Two Hikes In 2016 Not Four At their second meeting of 2016, FOMC members maintained a 0.25% to 0.5% target range for short term interest rates, and dialed back their projection for further hikes this year after raising benchmark rates a quarter ...
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28 Dividend Darlings To Buy Before The Ex-Dividend Date The market volatility that started 2016 underscores the benefits of companies with lengthy streaks of annual dividend increases, a feature that enhances the compounding achieved by dividend reinvestment (DRIPs) and dolla...
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