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Stocks Daily Review January 31, 2017

Stocks Daily Review for January 31, 2017

CEE MARKETS-Stocks, bonds, currencies fall after Trump travel ban

Central Europeanassets fell on Monday after U.S. President Donald Trump’s banson travel to the United States weakened risk appetite throughoutglobal markets. The forint and the zloty eased 0.1percent against the euro by 0922 GMT. Budapest led losses in equities, with its main index shedding 0.5 percent. It remains near record highs hit earlierthis month. The Warsaw and Bucharest indicesalso fell but stayed close to their highest levels since 2015. Government bond yields also climbed, tracking a rise inBunds after January figures indicated a pick-up in Germaninflation. The yield on Polish 10-year government bonds rose 2 basispoints to 3.82 percent, near their highest level since May 2014. “The environment for the bond market is poor. On the onehand, inflation is growing, on the other hand, PMIs suggest anearly worldwide economic growth,” said Konrad Augustynski, headof bond trading at TFI PZU, according to the business newspaperParkiet. The yield on Romanian three-year debt rose 6 basis pointsamid uncertainty over Romania’s 2017 budget. On Friday, thegovernment delayed approving public spending plans for 2017 forthe second time in three days. Without additional measures, it is unlikely the governmentcan keep its deficit below the European Union’s ceiling, 3percent of gross domestic product, analysts said. Such measures “could focus on improving revenues via sometax hikes which would likely not target consumers … and/orsignificantly lowering capex expenditures from already subduedlevels,” ING analysts said in a note. Czech bonds bucked the regional trend. Their ultra-lowyields dropped further, with two-year bonds trading at -0.856percent, below the corresponding Bund yield. Demand for Czech assets has been buoyed by expectations thecrown will gain after the central bank ends its policyof keeping the currency’s value weaker than 27 crowns to theeuro. The policy is likely to end this year. The crown may gain again after PMI economic activity dataare released in Europe on Wednesday and the Czech central bank’smeeting on Thursday, analysts said. CEE SNAPS AT 1022 MARKETS HOT CET CURRENCIES Lates Previ Daily Chang t ous e bid close chang in e 2017 Czech crown 27.02 27.02 +0.0 -0.06 30 20 0% % Hungary 311.4 311.2 -0.05 -0.84 forint 300 850 % % Polish 4.333 4.330 -0.07 1.62% zloty 5 4 % Romanian 4.504 4.504 +0.0 0.69% leu 1 2 0% Croatian 7.473 7.481 +0.1 1.10% kuna 0 5 1% Serbian 123.8 123.9 +0.1 -0.40 dinar 500 800 0% % Note: daily calculate previ close 1800 change d from ous at CET STOCK S Lates Previ Daily Chang t ous e close chang in e 2017 Prague 937.5 936.8 +0.0 +1.7 9 9 7% 3% Budapest 32559 32714 -0.47 +1.7 .37 .58 % 4% Warsaw 2076. 2084. -0.37 +6.5 31 05 % 9% Bucharest 7488. 7495. -0.10 +5.6 21 74 % 9% Ljubljana 741.7 744.3 -0.35 +3.3 2 6 % 6% Zagreb 2113. 2108. +0.2 +5.9 69 89 3% 6% Belgrade <.BELEX15 697.3 696.4 +0.1 -2.80 > 0 2 3% % Sofia 609.6 610.1 -0.07 +3.9 9 0 % 7% BONDS Yield Yield Sprea Daily d (bid) chang vs chang e Bund e in Czech sprea Republic d 2-year 6 3 ps 5-year 5 2 bps 10-year 4 ps Poland 2-year bps s 5-year bps s 10-year bps FORWARD RATE AGREEMENT 3×6 6×9 9×12 3M inter bank Czech Rep < 0.24 0.22 0.23 0 PRIBOR=> Hungary < 0.31 0.39 0.47 0.25 BUBOR=> Poland < 1.765 1.81 1.89 1.73 WIBOR=> Note: FRA are for quotes ask prices ************************************************** ************ (Additional reporting by Lidia Kelly in Warsaw, editing byLarry King)


Shares fall, dollar dips versus yen after Trump travels curbs

Shares fell in Europe and Asia on Monday and the dollar dipped against the yen after immigration curbs introduced by Donald Trump added an extra layer of uncertainty to the economic impact of the new U.S. president’s policies.


Asian Stocks Give Ground as Trump-Worrying Dominates

Asian stocks retreated on a holiday-thinned Monday as investors fretted the new, targeted US immigration ban and wondered what might be next.


GLOBAL MARKETS-Trump travel curbs weaken stocks, dollar vs yen

(Adds oil settlement prices)* U.S. stocks retreat as Trump orders spark concern overagenda* Dollar dips vs yen as investors react to Trump t


GLOBAL MARKETS-Trump travel curbs weaken stocks, dollar vs yen

* U.S. stocks retreat as Trump orders spark concern overagenda* Dollar dips vs yen as investors react to Trump travel ban* Gold edges higher


GLOBAL MARKETS-Trump travel curbs weaken stocks, dollar vs yen

(Adds U.S. market opening, byline, dateline; previous LONDON)* U.S. stocks sell off as Trump orders spark concern overagenda* Dollar dips vs


Stericycle’s Series A Preferred Stock Shares Cross 8% Yield Mark

In trading on Monday, shares of Stericycle Inc.’s 5.25% Series A Mandatory Convertible Preferred Stock (NASD: SRCLP) were yielding above the 8% mark based on its quarterly dividend (annualized to $5.25), with shares changing hands as low as $64.94 on the day.


Not ‘Your Father’s’ Income Stocks

Changing trends in traditional dividend stocks forces conservative investors to do more homework .


Semiconductor Stocks Show How Investors May Be Ignoring Trump Risks

Stock investors have been hoping for big upside from the new Trump administration. But they may not be preparing for the downsides.


Stocks to Watch: Rite Aid, Delta Air, Tempur Sealy

Among the companies with shares expected to trade actively in Monday’s session are Rite Aid Corp., Delta Air Lines, and Tempur Sealy International Inc.


Trump travel curbs slam stocks, hit dollar vs. yen

Major world equity markets fell on Monday and the dollar slipped against the safe-haven yen after new U.S. immigration curbs stirred concerns about the impact of U.S. President Donald Trump’s policies on global trade and the economy.


European Shares Retreat After Trump’s Travel Ban

European markets started the week on a sour note as concerns about the impact of Donald Trump’s travel ban rattled markets and stoked demand for safe-haven assets.


FTSE 100 Edges Lower On Trump Uncertainty; Vodafone Shares Rally 3%

U.K. stocks fell in cautious trade on Monday even as Vodafone shares rallied on news that it is in discussions to merge its Indian unit with Idea Cellular to take on new entrant Reliance Jio.


Asian Shares Slide In Holiday-thinned Trade

Most Asian stocks fell in thin holiday trade Monday as investors digested lackluster U.S. GDP data and the U.S. immigration ban on seven predominantly Muslim countries.


European Stocks Set To Open Weak On Lackluster Cues

European markets are poised for a weak opening Monday following lackluster cues from Wall Street and Asia on some disappointing U.S. corporate earnings, weak GDP data and U.


Energy Stocks Tank Crossing Wall Street

Posted by Eddy Elfenbein on January 30th, 2017 at 4:57 pm The information in this blog post represents my own opinions and does not contain a recomme


STOCKS SINK: Here’s what you need to know

Stocks for all three major indexes slid on Monday on the worst trading day of 2017.


Snap will list its shares on the NYSE — its filing is expected this week

The LA-based company filed confidential paperwork last fall for an IPO.


U.S. stocks notch worst day of 2017 on jitters over Trump’s policies

U.S. stocks posted their biggest decline for 2017 as investors fretted over the negative implications of President Donald Trump’s decision to temporar


Mylan shares drop 1.4% after Bloomberg report says it’s facing U.S. antitrust investigation over EpiPen

Mylan MYL, -0.87% shares sunk 1.4% in afternoon trade Monday after Bloomberg reported it was facing a U.S. antitrust investigation into its EpiPen com


Disney shares upgraded by Morgan Stanley on upbeat view of ESPN, film slate

Shares of Walt Disney Co. DIS, +1.50% rose slightly in early trade Monday before erasing their gains, after Morgan Stanley upgraded the stock to overw


U.S. stocks retreat as Trump’s travel ban, earnings expectations rattle markets

U.S. stocks opened lower on Monday, putting the Dow on track to retreat below the 20,000 milestone, as President Donald Trump’s controversial travel b


Delta’s and other airline’s stocks drop after immigration ban draws protests at airports

Shares of Delta Air Lines Inc. DAL, -4.08% slumped 2% in premarket trade, as did the shares of other air carriers, after President Trump tweeted that


Stocks Give Back Ground Following Recent Strength – U.S. Commentary

Following the strength seen in the previous week, stocks gave back some ground during trading on Monday. The major averages moved to the downside early in the session and remained stuck in the red throughout the day.


Stocks Remain Mostly Negative In Mid-Day Trading – U.S. Commentary

After coming under pressure in early trading, stocks remain mostly negative in mid-day trading on Monday. The pullback on the day comes on the heels of the strength seen in the previous week.


Stocks Showing Notable Move Back To The Downside – U.S. Commentary

Stocks have come under pressure in morning trading on Monday, giving back ground following the strength seen in the previous week. The major averages have slid firmly into negative territory.


Why a Gloomy February Could Be Ahead For Stocks Crossing Wall Street

Posted by Eddy Elfenbein on January 30th, 2017 at 5:28 pm The information in this blog post represents my own opinions and does not contain a recomme


STOCKS SINK: Here’s what you need to know | 01/30/17 | Markets Insider

Stocks slid in trading on Monday amidst a swirl of political news and a variety of US economic data releases. All three major stock indexes finished


Asian shares rattled by Trump policy worries, dollar soft

Asian shares slipped on Tuesday as stringent curbs on travel to the U.S. ordered by President Donald Trump brought home to investors that he is serious about putting his controversial campaign pledges into action.


Teva shares fall as court invalidates patent infringement claims

Teva Pharmaceutical Industries Ltd. TEVA, -0.20% shares fell in the extended session Monday after a court did not uphold patent infringement claims ma


Asian Stocks Struggle Again, Trump Front and Center

The Asian session was replete with interesting Japanese data for investors but, as ever these days, it was the new US President who kept the


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