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Market News

Location American Market News for 7 April 2017
Live Streaming Could Be A Big Deal For Amazon Recently, Amazon announced that it had entered into a one year deal with the National Football League to stream 10 Thursday Night Football games for a total value of $50 million, taking over these streaming rights from T...
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Samsung Electronics has published its Q1'17 earnings guidance, projecting record operating profits of around 9.9 trillion won ($8.73 billion), marking an increase of roughly 50% year-over-year. The company expects revenu...
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Jobs Report Obscures a Tight Labor Market

Wall Street Journal - 7 Apr 2017 21:35
Dig past the confusion of March's slower job growth and falling unemployment rate, and it looks like there is little slack left in the labor market.
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It was a race to remember -- not just for the victor Lucas di Grassi but for Formula E as a sport.
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Gold Solidly Up In Wake of U.S. Military Action, Very Weak U.S. Jobs Data Gold prices are solidly higher and hit a five-month high in early U.S. trading Friday. Safe-haven demand for the yellow metal is seen following U.S. missile strikes against Syria.
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Sebastian Vettel's victory over Lewis Hamilton at the Australian Grand Prix hinted at a power shift in Formula One.
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Gold prices recover on renewed demand

livemint.com - 7 Apr 2017 16:56
Gold prices recover on renewed demand Standard gold prices rose by Rs90 per ten grams to end at Rs 28,775 from Thursday's closing level of 28,685
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U.S. Adds Just 98,000 Jobs In March, Missing Expectations By A Wide Margin Did Old Man Winter scare away hiring in March? New employment data revealed that the U.S. added significantly fewer jobs in March than most economists expected, though a drop in the total number of unemployed did lead to...
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Gold prices recoup on positive global cues

livemint.com - 7 Apr 2017 16:36
Gold prices recoup on positive global cues In Delhi, gold prices of 99.9% and 99.5% purity rebounded by Rs 25 each to Rs 29,300 and Rs 29,150 per 10 grams, respectively
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Are Tech IPOs Back? Okta's Success Elicits Rival's Mixed Emotions A successful offering of Okta shares could boost demand for enterprise software IPOs. If so, privately-held Okta rival, SailPoint -- which is profitable -- could benefit.
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Global Bonds: Bears and Bulls Fight Over Scraps

Wall Street Journal - 7 Apr 2017 16:10
Bonds unsurprisingly gained as news of the U.S. strike on Syria emerged. But the longer-term outlook points to disappointing returns.
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Buy This 'Crash-Proof' Fund With A 6.6% Yield So if you're simply tracking the index through an exchange traded fund, congrats. That's a decent gain. But I've got one simple trick--and a far superior fund buy--that can help you do even better ... and grab a big chun...
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A practice session ahead of this weekend's Chinese Grand Prix in Shangai was called off Friday due to heavy cloud, rain and smog.
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Samsung Is Cashing In on Its Chips

Wall Street Journal - 7 Apr 2017 12:14
Korean technology giant Samsung has emerged from a tricky year in good shape, and the good news is set to continue.
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Global gold prices rise to five-month high on safe-haven demand as US strikes Syria Spot gold prices rose 1% to $1,264.30 per ounce by 9.10am. It earlier climbed as much as 1.4% to $1,269.28, its highest since 10 November
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Markets Live: Sensex, Nifty trade lower, Reliance Industries shares fall BSE Sensex trades lower by 44 points, or 0.15%, to 29,883, while the Nifty 50 falls 15 points, or 0.17%, to 9,247. Here are the latest updates
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Rupee pares early losses against US dollar to reach 20-month high At 10.16am, the home currency was trading at 64.38, up 0.24% from its Thursday's close of 64.54
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Bond investors brace for hawkish RBI after Urjit Patel surprises again Sovereign bond yields climbed the most in two months on Thursday after the RBI hiked the reverse repo rate to 6% from 5.75%
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Opening bell: Asian stocks pare gains after US strikes Syria; Jio, HUL in news In other news, JSW Steel Ltd could spend around $1 billion on capacity addition and acquisition this fiscal year
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What impact does Unilever's business review have on HUL? Unilever's desire for cash may lead to some impact on HUL's balance sheet as well
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RBI policy: optimistic on growth, pessimistic on inflation RBI is unlikely to tolerate a situation where liquidity is so abundant that money market rates are lower than its policy rate
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Muted outlook for investment demand

livemint.com - 7 Apr 2017 06:13
Muted outlook for investment demand RBI's Industrial Outlook Survey shows in the March quarter, 9.3% of those surveyed said that capacity utilization was above normal, while 16.1% said it was below normal
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