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Market News

Location American Market News for 7 August 2017
Hindalco board to take up Rs4,400 crore funds raising via debt Hindalco Industries announces that its board this week will consider raising up to Rs4,400 crore via debt
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Corporate earnings, key macro data likely to drive markets this week; rupee in focus Index heavyweights, including Tata Steel, Jindal Steel & Power, Tata Motors, Eicher Motors, SpiceJet, SBI, BPCL, Cipla and SAIL, will announce Q1 results this week
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CBS earnings, revenue top expectations

CNBC - 8 Aug 2017 01:44
CBS' standalone streaming service shows promise, but declining advertising revenue and broadcast viewership could drag down results.
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D.C. Dysfunction Affects Long-Term Asset Allocation It's time to wake up from the dream and get back to the business of tax planning because it seems the high tax rates of today are likely to continue and even go higher in the future. Its time to look at Insurance Dedicat...
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Key Takeaways From Toyota's Q1

Forbes - 8 Aug 2017 00:16
Key Takeaways From Toyota's Q1 Toyota Motors announced its fiscal Q1 2018 results on August 4, reporting a 7% increase in net revenues on a consolidated basis as vehicle sales grew by 43,000 units year on year.
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Sina Earnings Preview: Strength In Advertising To Help Sustain Growth Spree Sina is scheduled to announce its second quarter earnings on Wednesday, August 9. The company has reported strong growth in ad revenues over the past few quarters due to the increasing popularity of its websites and apps...
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Morgan Stanley's Role In Largest Equity Deals Drives Over $400 Million In Fees The 5 largest U.S investment banks reported $1.56 billion in equity underwriting fees in Q2 2017 - almost 30% of the total figure for the industry.
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What To Expect From Disney's Fiscal Third Quarter Results Disney (NYSE: DIS) is scheduled to announce its fiscal third quarter results on Tuesday, August 8. The company had a relatively mixed first half of fiscal 2017 (fiscal year ends September 2017), beating earnings per shar...
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The Fed's Balance Sheet Reduction Could Be A Lot More Dangerous Than People Think We don't actually know how markets will behave when the Fed stops reinvesting the proceeds of its portfolio of securities, but no matter how hard the Fed tries, it could end up being very disruptive to markets.
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These Stocks Have Sunk 25%+ In Six Months. Are They Fantastic Dip Buys? These three stocks have been on the defensive for much of 2017. So what now?
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Global stocks tick up to record high, oil stumbles

livemint.com - 7 Aug 2017 20:40
Global stocks tick up to record high, oil stumbles MSCI's gauge of stocks across the globe gains 0.20%, US crude oil falls 1.63% to $48.77 per barrel and Brent down 1.49% at $51.64
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Billionaire Elon Musk Sets His Sights On The Debt Markets For Tesla's Next $1.5 Billion After raising billions of dollars from stock markets, Tesla is now planning to tap debt markets to fuel the production of its Model 3 mass market sedan.
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China Gives Up Global Role for a Stronger Yuan

Wall Street Journal - 7 Aug 2017 20:02
Rebounding trade and tighter capital controls have shored up China's currency against the dollar and replenished the nation's foreign exchange coffers. But the yuan's internationalization has stalled.
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Mike Binger: We believe in a multi-portfolio solution for a couple of reasons. Number one, you're not putting all your eggs into one basket and sinking or swimming with that portfolio or fund forever. Number two, it prov...
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Air India disinvestment: Govt to float RFP for merchant bankers soon The announcement of the RFP will set in motion the Air India stake sale process
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NXP Investors Can Expect More Qualcomm Love

Wall Street Journal - 7 Aug 2017 19:07
Qualcomm looks like it will have to up its $38 billion bid for Dutch car-chip giant NXP if it wants achieve its goal of getting a slice of the automotive future.
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Brazil's President Prepares For Social Security Fight, Round Two The opposition, reeling from loss after loss, said it will roadblock pension reform every chance it gets. Congress, worried of being vilified more than they already are due to Petrobras criminal probes, is unlikely to ma...
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July sovereign gold bonds to start trading from Tuesday RBI says sovereign gold bonds, held in dematerialised form, shall be eligible for trading with effect from 8 August on stock exchanges
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How To Trade U.S. Transports, Nikkei 225 And German DAX, Which Have Negative Weekly Charts India's Nifty 50 is the leading global equity average with a year-to-date gain of 23%. In the U.S. the Nasdaq is the leader, up 18% this year. Here's how to trade three laggards along with five other indexes.
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AAII Sentiment Survey: Pessimism Surges

Forbes - 7 Aug 2017 17:34
AAII Sentiment Survey: Pessimism Surges Pessimism--expectations that stock prices will fall over the next six months--in the latest AAII Sentiment Survey surged to its highest level since mid-May, as neutral sentiment plunged to nearly a four-month low.
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U.S. Companies Are More Indebted, More Leveraged, Less Profitable And, Yet, Better Valued Than Ever In short, US corporations are simultaneously more indebted, less profitable, and more highly valued than they have been in a long time.
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Earnings Preview: What To Expect From Disney On Tuesday Walt Disney is expected to earn $1.53/share on $14.60 billion in revenue. Meanwhile, the so-called Whisper number is $1.56.
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