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Market News

Location American Market News for 6 December 2017

Shalby IPO subscribed 32% so far on Day 2

livemint.com - 6 Dec 2017 13:46
Shalby IPO subscribed 32% so far on Day 2 As of 5pm, the Shalby IPO receives bids for 6,578,940 shares against the total issue size of 20,591,836 shares, according to NSE data
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Are Top-Managed Companies a Good Investment?

Wall Street Journal - 6 Dec 2017 03:50
The Drucker Institute will launch an exchange-traded fund that aims to find out.
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Why Uranium Miners' Glow Is Temporary

Wall Street Journal - 6 Dec 2017 00:15
Shares of Cameco and other miners soared after Kazakhstan said it would cut back exports of uranium, but it may take years to balance the market.
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Despite showing improvement in its quarterly results, Schlumberger's stock has dropped more than 25% since the beginning of the year, underperforming the 10% rise in crude oil prices during this period.
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A Look At ICE's November Trading Volumes

Forbes - 6 Dec 2017 22:11
After a solid performance in the previous three quarters, IntercontinentalExchange's derivative trading volumes saw a year-over-year decline in November.
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Nvidia Is Expensive For Good Reasons

Forbes - 6 Dec 2017 22:03
Nvidia Is Expensive For Good Reasons At 17 times sales and 60 times earnings, the stock market values few companies as richly as Nvidia. Bruce Pile, a Marketocracy manager who has a position in Nvidia explains why he paid the premium.
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Holiday Inn operator in Kolkata seeks valuation of Rs150 crore in share sale Jain group arm Dream Gateway Hotels, which operates the Holiday Inn, is looking to sell 2.57 million shares at a price of around Rs150 each and raise around Rs39 crore
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Bitcoin Surpasses $13,000 As Momentum Remains Strong Bitcoin has climbed past $13,000. Where will it go next?
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Bitcoin Could Fall 'Big Time' But Not Just Yet, Says Crypto Trader With the price of Bitcoin rising to ever new record highs and flirting with $13,000, one FX and cryptocurrency trader believes that while the digital currency's value is unlikely to be slowing near term, it will not be a...
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Snap Inc. is highly dependent on the U.S. market currently, with the North American segment accounting for over 80% of the company's revenues and about 85% of its value, according to our estimates.
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Don't Get Left Behind in Health-Care Deal Frenzy

Wall Street Journal - 6 Dec 2017 20:59
Investors should expect health-care deal-making to continue in the wake of UnitedHealth's move to acquire DaVita Medical Group, days after CVS Health agreed to buy Aetna.
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Religious Leaders, Celebrities Call For Net Neutrality Ahead Of Nationwide Protests Hundreds of musicians and actors are calling for the FCC to keep the rules, along with church leaders representing millions, who say communication is "God's great gift to humanity."
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Indian Railways's agency lists bond on London Stock Exchange IRFC's green bond raised $500 million with an annual yield of 3.835% as it listed on the London Stock Exchange's new International Securities Market
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Maduro's 'Petro' Cryptocurrency Will Join Chavez's Bolivar Fuerte In the Graveyard When it comes to currencies, Venezuela has a long history of producing junk. Here's why the regime's plan to issue one backed by oil, gas, gold and diamonds is doomed to fail, which is regrettable, because it will give t...
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The Fed Might Shrink To Two Members In 2018 Sometime in January or by February 3, the Board of Governors might drop to only three members: Powell, Brainard and Quarles.
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Indian bonds gain on RBI's more balanced tone on inflation, liquidity India's 10-year bonds gained today after the RBI stuck to a more balanced tone on inflation and market liquidity, in a relief to investors who had braced for more hawkish comments
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Asian Banking Gold Rush Might Yet Provide a Few Nuggets

Wall Street Journal - 6 Dec 2017 16:49
Asia has long been seen as the next big market for the world's megabanks. But in the past three years, more U.S. and European players have abandoned Asia-wide ambitions.
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Downside Risks Now Exceed Upside Potential In Stocks Around The Globe If you follow simple tools of technical analysis I say that you can "time the market."
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American Eagle Outfitters forecast strong earnings for the key holiday season and delivered third-quarter comparable sales ahead of Wall Street targets.
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Sebi to auction 12 properties of Ramel Industries in January Sebi's move to auction the properties comes after Ramel Industries failed to return the money raised from investors through illegal collective investment schemes
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November AAII Asset Allocation Survey: Lowest Level Of Cash Since 1999 Individual investors' cash allocations fell last month to a level not seen in 18 years.
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A Trump Tax Victory Won't Be Celebrated in China

Wall Street Journal - 6 Dec 2017 15:48
A more competitive investment environment--and rising inflation--in the U.S. could spell trouble for China.
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