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Market News

Location American Market News for 2 June 2017
Markets Live: Sensex, Nifty touch record highs, Airtel shares rise 3% BSE Sensex continued its record-setting spree on Friday, while the Nifty traded above 9,600. Here are the latest updates and developments from the markets
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The reason why Indian market goes up and up

livemint.com - 2 Jun 2017 07:23
The reason why Indian market goes up and up Data shows impressive growth in net capital flows to India
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The SEC Wants Your Opinion On DOL Fiduciary Rule Alternatives The Securities & Exchange Commission is stepping in again on the debate over what standards of conduct should apply to investment advisers.
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RH's First Restoration Task: Trust

Wall Street Journal - 2 Jun 2017 22:48
RH's move to lower guidance only two months after issuing it undermines its management's credibility with investors.
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President Trump recently announced the government's intention to withdraw from the Paris Climate Agreement, and while the process will take years, the announcement is an indication of the administration's intention to cr...
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If Jobs are Plentiful, How Come No One is Getting a Raise?

Wall Street Journal - 2 Jun 2017 22:18
The unemployment rate keeps grinding lower, which normally results in rapidly rising wages as companies struggle to find workers. So far, it hasn't.
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Going forward, smartphones are likely to be a key growth driver for Best Buy, and the company is redesigning the mobile phone departments in its stores - as well as on its digital platform - to simplify the purchase proc...
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Goldman Sachs CEO Lloyd Blankfein Joins Elon Musk In Condemning Trump's Paris Accord Exit In his first ever tweet, Goldman Sachs CEO Lloyd Blankfein condemned Trump's move stating it was "a setback for the environment and the U.S.'s leadership position in the world."
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Demand growth in the once-booming rooftop solar market in the United States appears to be leveling off, despite a reasonably healthy real estate market and strong consumer sentiment. During 2016, year-over-year installat...
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OPEC's Influence On Oil Prices Waning

Forbes - 2 Jun 2017 21:48
OPEC's Influence On Oil Prices Waning At the bi-annual meeting in Vienna last week, the Organization of Petroleum Exporting Countries announced its decision to extend the production cut of 1.8 million barrels of oil per day until the first quarter of 2018 to...
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Indian gold prices slip to discount ahead of GST rollout This week, Indian dealers sold gold at a discount to official domestic prices for the first time in one-and-a-half months, ahead of the goods and services tax (GST) rollout
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Plenty Can Go Right for Bristol-Myers

Wall Street Journal - 2 Jun 2017 19:35
Last year's cancer drug darling is this year's value stock.
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Uday Kotak to head new Sebi corporate governance panel The 21-member panel headed by Uday Kotak will advise Sebi on issues relating to corporate governance in Indian firms
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Gold prices lose sheen on global cues

livemint.com - 2 Jun 2017 18:04
Gold prices lose sheen on global cues Standard gold prices slipped by Rs90 to finish at Rs28,770 per 10 grams from Thursday's closing level
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Bank Credit Analyst: Real Returns Will Stay Around 2% For The Next Decade What you absolutely shouldn't do is assume the future will look like the past. But while you can't predict the future, you can still control your response to it. Make sure your strategy won't disappoint you.
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3 Reasons To Gag On Blue Apron's IPO

Forbes - 2 Jun 2017 17:09
3 Reasons To Gag On Blue Apron's IPO Consumer-focused companies must offer something uniquely valuable and difficult for rivals to copy. Those missing ingredients should trigger your gag reflex when it comes to Blue Apron's IPO.
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Canada Goose, known for its expensive jackets, said quarterly revenue jumped 22 percent.
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U.S. Adds 138,000 Jobs In May And Unemployment Rate Drops To 4.3% The recovery in the job market continues apace: new hiring data out Friday morning shows that the U.S. economy added jobs for the 80th consecutive month, and that the nation's unemployment rate -- both the headline numbe...
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Oil traders, investors wary despite Opec's assurances The oil prices have fallen below $50 a barrel for the first time in 4 weeks despite pledges from Saudi energy minister that Opec will do whatever it takes to arrest the price slide
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What's Missing Is What's Good About European Growth

Wall Street Journal - 2 Jun 2017 16:34
Europe's recovery hasn't seen much bank lending. That may yet be a good thing.
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Asset Diversification Won't Be Enough In The Next Recession Diversification may not help your investments in the next global recession. Diversifying among asset classes will simply be diversifying your losses. But there is an answer.
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Hero MotoCorp shares gain over 3% post sales data

livemint.com - 2 Jun 2017 16:14
Hero MotoCorp shares gain over 3% post sales data Hero MotoCorp shares rose 2.82% to Rs3,840 on BSE
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