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Market News

Location American Market News for 12 July 2017
Cryptocurrency boom turns into bust as skepticism rises Cryptocurrency sector has lost about a third of its market value since peaking in early June, pushing it into what traditional equity market analysts label as a bear market
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Sebi may let AIFs, QIBs buy security receipts

livemint.com - 13 Jul 2017 01:39
Sebi may let AIFs, QIBs buy security receipts Sebi is working with RBI to sort out issues around the budget proposal to make security receipts tradable on stock exchanges to increase capital flows and solve bad loan issues
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The Mystery Behind OPEC's Meeting With Shale Oil Producers The OPEC leader admits the cartel has been meeting with unknown shale oil producers. Several questions must be answered.
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Price Increases Boosting PepsiCo

Forbes - 12 Jul 2017 22:58
Price Increases Boosting PepsiCo Increased prices of its snacks and beverages helped PepsiCo beat consensus estimates on earnings per share and revenue in its recent second quarter earnings announcement.
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Abercrombie's Stock Plummets As Merger Talks Fail Abercrombie's stock tanked after it announced that it is no longer exploring a sale.
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IPO Growth Helps U.S. Banks Increase Global Equity Underwriting Market Share As U.S. equity issuances recover from the slump witnessed over most of 2016, the country's largest banks have seen their fortunes in the equity capital market improve over the last two quarters - helping them secure a 36...
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Morgan Stanley Claims Top Spot In Global Equity Underwriting For Q2 Global equity capital markets retained their growth trajectory in Q2, as improving market conditions led companies around the globe to raise more than $207 billion through IPOs and FPOs for the period
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Market round-up: Healthcare, EM exposure buoy hedge funds gains In other news, Increase in acreage of kharif crops; major ports handled more cargo in June quarter
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Yellen's Wish May Not Come True

Wall Street Journal - 12 Jul 2017 21:27
The Federal Reserve expects to raise rates gradually. If the unemployment rate keeps falling, that plan might not hold up.
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One Google Fine Tossed Out By The French Court, One More To Go Google's big tax win in France could mean a lot for techland's biggest companies
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Barclays Underwrote More Equity Deals Than Any Other European Bank In Q2 The four largest European investment banks reported an overall strong showing for Q2 thanks to improving market conditions. However, their U.S. rivals ate into their market share for the period - reducing the combined ma...
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A Top Manager's Take On The News Driving Tesla Tesla recently plummeted as news of the company's production shortfall shook the market's faith in Elon Musk's promise to ramp up production. Additional news from the Insurance Institute for Highway Safety and Volvo have...
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RBI keeping a close watch on cryptocurrencies: Urjit Patel RBI governor Urjit Patel reportedly told the Parliamentary panel that an inter-disciplinary committee has been formed to discuss the legality of cryptocurrencies
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US stocks, bonds jump on Fed chief Janet Yellen's remarks; oil climbs Dow Jones rises 120 points to fresh all-time high, small caps rally over 1% and emerging-market equities surge as Fed chief Janet Yellen expresses confidence in US economy
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Salasar Techno Engineering IPO oversubscribed 1.55 times on Day 1 The Salasar Techno Engineering IPO received bids for 51,47,250 shares against the total issue size of 33,21,000 shares
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Expecting More Fireworks in Puma Biotechnology Stock

Profit Confidential - 12 Jul 2017 19:14
Expecting More Fireworks in Puma Biotechnology Stock PBYI Stock: Setting up to Stage an Advance Puma Biotechnology Inc (NYSE:PBYI) stock staged quite an advance in May 2017 as investors' concerns about poor earnings results were cast away after some positive news. The U.S....
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Sebi lifts ban on chana futures, NCDEX to launch contracts Sebi has lifted the ban on futures trading in chana to ensure better price realisation for farmers
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Why This Billionaire Just Bought $16M Of His Own Business Liberty Global Latin America (LILAK) is up 14% after billionaire CEO John Malone bought $16.3M of the stock in the open market. Fund manager and telecom expert Nitin Sacheti explains the situation, and why the stock stil...
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Pot Law Leads to Nevada Marijuana State of Emergency

Profit Confidential - 12 Jul 2017 18:14
Pot Law Leads to Nevada Marijuana State of Emergency Nevada Marijuana Hits a Snag It's only been just over a week since Nevada legalized recreational marijuana, and the state is already close to declaring a state of emergency. No, this isn't the result of "reefer madness"-...
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Gig Workers Pose Danger to Consumer Lending Boom

Wall Street Journal - 12 Jul 2017 17:40
When banking regulators stress test bank's consumer loans, they look for rises in unemployment. In the gig economy, this is no longer likely to be as good a guide.
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Industrial output growth slumps to 1.7% in May

livemint.com - 12 Jul 2017 17:19
Industrial output growth slumps to 1.7% in May Industrial output growth slumped to 1.7% in May from 8% a year ago, and it may put pressure on the RBI to cut interest rate in its policy next month
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Gold prices rise on firm global cues

livemint.com - 12 Jul 2017 17:07
Gold prices rise on firm global cues Standard gold prices rose by Rs135 to close at Rs27,895 per 10 grams from Tuesday's closing level
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