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Market News

Location American Market News for 2 September 2016
Opening Bell | Asian markets open mixed; ITC, PVR in news In other news, Reliance Industries announced aggressive plans for the Jio 4G services
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HPE Earnings Preview: Server Revenue Growth Likely More than Offset Soft Services Growth Hewlett-Packard Enterprise is set to announce its fiscal Q3 results on Wednesday, September 7th. (Fiscal years end with October.) We expect that revenues grew for the Enterprise Group, which includes Industry Standard an...
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Reports suggest that Alphabet Inc.’s subsidiary Google will now allow all its Waze app users in the San Francisco area to find fellow commuters who are headed in the same direction. This is as the company tries to esta...
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Jobs Report: Cool August Soothes Markets

Wall Street Journal - 2 Sep 2016 18:04
A dull jobs number was just what this market needed to get excited.
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End in Sight for U.S. Natural-Gas Glut

Wall Street Journal - 2 Sep 2016 17:59
Evidence is mounting that, after a yearslong glut, the U.S. natural-gas market may be close to finding balance.
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Shares of VeriFone Systems plunged on Friday after the company gave dismal fourth-quarter guidance.
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5 Reasons To Be Worried About US Stock Markets The NYSE and NASDAQ stock markets have been on a historic bull run since 2009. The NYSE has bounced back to just under 11,000 from a low of 4,716 during the Financial Crisis. The other major indices have put in similar p...
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Jobs Data Below Expectations, Could Quiet Talk of September Rate Hike There were greater expectations for Friday’s monthly jobs report, but the numbers didn’t deliver. Instead, disappointing data quickly quieted nascent talk of a possible September rate hike by the Fed.
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Why Rocket Internet Investors Should Belt Up For a Wild Ride

Wall Street Journal - 2 Sep 2016 15:24
Deteriorating sentiment towards early-stage tech companies has punished the German e-commerce incubator--whatever the valuation fundamentals.
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The 8 'Dogs Of The Dow' Continue To Outperform Through August, But Some Ground Has Been Lost Caterpillar leads the eight ?Dogs of the Dow? in gains for 2016, with Procter & Gamble performing the worst so far. Here's how to trade all eight now.
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How Do We Expect Intel's Client Computing Revenues To Grow In The Next 5 Years? We expect Intel’s client computing segment revenues to decline by approximately $1.2 billion over the next five years. The revenue from this segment primarily includes the sales of Intel’s processors in PCs, notebook...
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Moody’s and S&P have warned of a rating downgrade for Viacom as the Debt/Equity ratio of the company has reached unjustifiably high levels of 3.47. The financial position of the company has deteriorated over the past t...
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Sensex, Nifty close at 17-month high

livemint.com - 2 Sep 2016 14:20
Sensex, Nifty close at 17-month high Sensex and Nifty close at 17-month high, buoyed by continuous inflows from foreign and domestic institutional investors in the local equity shares
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Rocket falls after Global Fashion Group writedown hurts profits Rocket lost €617 million in the first half, on €29 million in sales, down from €71 million a year earlier
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Lululemon Athletica reported comparable sales growth that fell short of analyst estimates, sending shares down nearly 9 percent.
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Hanjin's Demise: Why Global Shipping Glut Isn't Going Away

Wall Street Journal - 2 Sep 2016 12:20
A shipping company drowned at sea has kicked up a storm of worries. The gales should subside even if the industry's long-term problems don't.
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Cadila shares rise as FDA inspection for its Ahmedabad SEZ tablets plant closes Cadila said it has received an establishment inspection report for its oral solid dosage drug manufacturing plant located at special economic zone near Ahmedabad
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Market rebound adds Rs25 trillion to market cap of BSE firms in last six months The addition has been the highest such half-yearly gain since early November 2014, taking market cap to Rs110 trillion as on 30 August
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Live: Sensex gains 50 points; Telecom stocks drag, Idea falls 3% BSE Sensex rises 50.69 points, or 0.18%, to 28,474.17, while the Nifty is up 5.55 points, or 0.06%, at 8,780.20
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Rupee trades higher at 66.83 against US dollar

livemint.com - 2 Sep 2016 05:57
Rupee trades higher at 66.83 against US dollar The rupee opened at 66.83 per dollar and touched a high of 66.82, a level last seen on 18 August
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Asian junk bond veterans flash warning signs in record rally Unprecedented easing by central banks is prompting creditors to jump blindly into investments that have a high risk of default, global investors say
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