Heads-up News 

Tokyo Trading Session Heads Up Thursday, August 10, 2017

Tokyo opening news digest

Lampix’s Augmented Reality ‘Crypto’ Crowdfund Scores $4.5M, Targets $60M

US-based Lampix, which transforms any flat surface into a smart surface using machine learning and computer vision with Bloomberg among its clients, has so far raised $4.5m in a crowdfund towards a $60m goal to build the first blockchain-based ‘image mining’ network for augmented reality.

 

BlackRock On American Political Landscape: ‘Don’t Panic…Yet’

In spite of Trump, there is less stress in the markets today than there was when Trump was elected. So it’s better…right?

 

Key Takeaways From Fox’s Q4 Earnings

21st Century Fox reported mixed fiscal fourth quarter results, as its earnings came in ahead of market expectations but revenues missed. The company’s overall revenue increased 2% year-over-year (y-0-y) to $6.7 billion

 

Sina’s Results Remain Strong Driven By Weibo, Advertising

Sina announced its second quarter earnings on Wednesday, August 9, reporting a 47% annual increase in net revenues to $359 million. Revenue growth was driven by both the Advertising segment, which includes display ads on Sina and Weibo, and Non-Advertising Revenues

 

U.S. Investment Banking Giants Generated More Than $2.5 Billion In Advisory Fees In Q2

The five largest U.S investment banks reported $2.55 billion in M&A advisory fees in Q2 2017 – making it the best quarter for the banks in this regard since Q4 2015.

 

Data Growth Drives China Mobile’s First Half Results

China Mobile, China’s largest wireless carrier, published its first half 2017 interim results on Thursday, August 10, reporting reasonably strong service revenue growth, driven by its recent wireless and wireline broadband subscriber additions, as well as soaring data consumption.

 

AUD/USD: Technicals Trump Fundamentals For Now – Barclays

Barclays Capital FX Strategy Research argues that as data and events continue to dry up over the summer, technical analysis, seasonal factors and positioning may become more important market drivers.As a result, we have constructed an aggregate score of these drivers across 27 currency pairs to establish where they are most relevant. For techn

 

Fidelity sector expert: Reports of a stock bubble are exaggerated

Denise Chisholm, a sector strategist for Fidelity Investments, says that the stock market is not in the middle of a “tail event.”

 

The stock market is on bubble watch — And unlike the dotcom era, this time the whole market is expensive

As market experts raise yellow flags about stocks, historically high valuations are in the crosshairs, drawing comparisons to the dotcom bubble.

 

Snap cofounders Evan Spiegel and Bobby Murphy have promised not to sell any stock for rest of the year

Snap’s two cofounders and largest individual shareholders, Evan Spiegel and Bobby Murphy, have committed to not selling any of their stock until 2018.

 

THE BOTTOM LINE: Warning shots for stocks and a look at bitcoin after the split

This week: Warnings shots for stocks coming off record highs, a look at bitcoin after the split, AI, and a deep dive into the labor market with Julia Coronado.

 




Bitcoin cash plunges as investors look to dump their coins

The price of bitcoin cash, the alt cryptocurrency, has taken a beating over the last 24 hours as investors look to dump their coins.

 

Snap is plunging after missing on earnings (SNAP)

Snap shares are pluning after the company released its second quarter earnings report, trading down about 13%.
The company reported an adjusted loss of $…

 

Nvidia trounces estimates for earnings and revenue, shares still tank

Use of Nvidia’s chips in games like the Nintendo Switch and in data centers helped drive growth during the second quarter.

 

STOCKS TUMBLE: Here’s what you need to know

The 15-day streak of narrow moves in the S&P 500 came to an end on Thursday with the benchmark index closing down 1.45%. It was the biggest one-day drop s…

 

CNN fires Jeffrey Lord over what it calls a ‘Nazi salute’

Jeffrey Lord, a prominent supporter of President Donald Trump, has been fired from CNN after tweeting “Sieg Heil” at a liberal activist. “Nazi salutes

 

Nvidia shares plunge in after-hours following second-quarter earnings beat

Nvidia Corp. NVDA, -4.28% shares plunged 4.2% in after-hours trading Thursday, after the graphic processing unit (GPU) designer beat expectations for

 

Cheer Up

Adage:

“Simplicity is the ultimate sophistication” –Leonardo da Vinci

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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