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Market News

Location American Market News for 9 June 2016
Bad Weather in South America Threatens Crops. Commodity Prices Like Sugar, Soybeans and Coffee Fly There’s nothing like some bad weather in South America to get the markets humming. Due to potential crop damage, Sugar, Soybeans and Coffee have shown tremendous gains in the last few months. Soybeans are particularly ...
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H&R Block pops 7% on earnings beat

CNBC - 9 Jun 2016 22:42
H&R Block beat quarterly earnings and revenue estimates and announced a boost in its dividend.
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Quarterly earnings report: Silver lining or flash in the pan? Amid a gloomy global scenario, Indian firms have turned in a smart performance for the March quarter. But will it sustain?
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TELECOM: Quarterly earnings a mixed bag

livemint.com - 9 Jun 2016 22:31
TELECOM: Quarterly earnings a mixed bag Main worry appears to be continued decline in growth of data segment; volume grew 4.9% sequentially against 14-15% in preceding four quarters
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Sharepro scam: EOW and Sebi widen probe to all 135 RTAs A Sebi probe has shown that Sharepro defrauded 10 firms of an estimated `22 crore
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GameStop is Oversold

Forbes - 9 Jun 2016 21:59
GameStop 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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Investors turn away as Amara Raja's profit margins ebb Amara Raja's current market price of `841.65 discounts its one-year forward estimated earnings by about 29 times, which now looks expensive, as margins seem to have peaked
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Restoration Hardware's Recovery Won't Be Quick

Wall Street Journal - 9 Jun 2016 21:40
Restoration Hardware's switch to everyday low prices and away from traditional promotions is weighing on its sales.
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CEMENT: Monsoon rains key to pick-up in demand

livemint.com - 9 Jun 2016 21:33
CEMENT: Monsoon rains key to pick-up in demand In the March quarter, the impetus for this growth came from the southern markets, mainly from Telangana and AP, where a new capital is coming up
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INFRASTRUCTURE: Financial health better, but far from robust While the travails of smaller firms continue with overleveraged balance sheets, most large- and mid-sized firms have seen revenue traction, with interest burden easing off a bit
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Information technology: A soft quarter for IT services firms The revenues of top-tier firms TCS, Infosys, Wipro and HCL Technologies grew 10.1% in constant currency terms in the March quarter
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Metals: Gloom lifts, but volatility stays

livemint.com - 9 Jun 2016 21:28
Metals: Gloom lifts, but volatility stays Higher prices have seen temporarily shuttered plants restart; more supply could put pressure on prices, and an increase in crude oil may see energy prices increase as well
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Oil: Producers lose, refiners gain in March quarter

livemint.com - 9 Jun 2016 21:27
Oil: Producers lose, refiners gain in March quarter While oil prices have shown some strength, the outlook from a medium-term perspective stays subdued
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RETAIL: Shopping was not so fashionable in Q4

livemint.com - 9 Jun 2016 21:23
RETAIL: Shopping was not so fashionable in Q4 Demand hasn't seen a major revival, and that shows in the financials of retail companies in the March quarter
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Narendra Modi-led government hasn't missed the bus on reforms: Mixo Das South-East Asia equity strategist at Nomura Mixo Das on safe bets in equities, the reappointment of RBI governor Raghuram Rajan and the government's reforms push
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Banks: Five things to note about the quarterly earnings March 2016 quarter will go down as one of the worst in the history of Indian banks as losses piled up and bad loans tumbled out of their cupboards
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Capital goods: Investment hurdle ahead for industry

livemint.com - 9 Jun 2016 21:12
Capital goods: Investment hurdle ahead for industry With global growth not rosy, and the Middle East, a key market for Indian capital goods makers, battling low oil prices, there is no confidence foreign orders will save the day
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REAL ESTATE: Housing market in a state of limbo

livemint.com - 9 Jun 2016 21:10
REAL ESTATE: Housing market in a state of limbo Markets such as the National Capital Region, Kolkata and some pockets in Mumbai hold a huge inventory of unsold projects
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The Yield Curve's Message for the Fed

Wall Street Journal - 9 Jun 2016 21:08
The narrowing gap between short-term and long-term rates may not be the signal it once was, but the Federal Reserve should still pay heed to it.
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Consumers Don't Feel Trump's Pessimism

Wall Street Journal - 9 Jun 2016 20:35
Friday's consumer-sentiment survey is expected to show people are actually fairly optimistic about the economy these days.
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Thursday Sector Leaders: Utilities, Consumer Products Looking at the sectors faring best as of midday Thursday, shares of Utilities companies are outperforming other sectors, up 0.4%. Within that group, Ameren Corp (NYSE: AEE) and Consolidated Edison Inc (NYSE: ED) are two ...
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Looking Around the House
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