Heads-up News 

Tokyo Trading Session Heads Up Wednesday, July 11, 2018

Tokyo opening news digest

Sears is laying off 200 more people

The cuts include 150 jobs at its Illinois headquarters.

 

Trade war? Investors should fear the Fed instead

Stocks dipped Wednesday on renewed worries about an escalation of US-China trade tension. But some experts said focus more on the Federal Reserve. More Fed rate hikes could end the bull run and slow down the economy.

 

Trump Is Right About Russian Energy, And Here’s What He Can Do About It

President Trump is right, Germany sold its energy security to Russia. But American natural gas could keep the rest of Europe from making the same mistake.

 

Speculation About $150 Oil And The (Inevitable) Rise Of Deep Water Companies

One effect the American shale boom had in triggering the oil price collapse of 2014 – it drove discipline and technology into the offshore oil domains where breakeven costs now match or are lower than shale. With oil prices and profits rising, the race begins again to over-supply the world.

 

USD/CAD made a significant turnaround: staying long – TDS

Analysts at TD Securities explained that after a knee-jerk move lower following the BoC rate hike, USD/CAD made a significant turnaround.

Key Quotes:

 

NZD/USD: dropping to challenge the support of the 4th July lows down at 0.6750

NZD/USD has dropped a further 10 pips to challenge the support of the 4th July lows down at 0.6750 and a few pips below the descending support line of

 

Key US data supporting the US dollar higher – Nomura

Analysts at Nomura explained the key data points that supported the dollar’s advance across the board.

Key Quotes:

“Review PPI:

PPI inflation came

 

Equities sliding in response to the Trump administration’s planned tariffs – Westpac

Analysts at Westpac explained that the sharply negative response to the Trump administration’s planned tariffs extended in European and US trade, with

 

Crude Oil WTI: Oil finds a floor at 70.00 after nearly 5% decline

Crude oil WTI 15-minute chart 

Spot rate:                      70.56

Relative change:           -4.66%     

High:                             74.

 

Renewed focus on trade tensions weighed on market sentiment – TDS

Analysts at TD Securities explained that a renewed focus on trade tensions weighed on market sentiment after the US detailed another $200bn of Chinese

 

Wall Street’s winning streak comes to an end as trade fears resurface

Major equity indexes in the United States started the day under pressure as investors booked their profits after reports of Trump administration plann

 




USD/CAD Technical Analysis: USD/CAD bulls en route to best daily close since mid-June

USD/CAD 15-minute chart 

Spot rate:                   1.3209

Relative change:        0.72% 

High:                          1.3216

Low:

 

It sounds like Apple is going to launch a ton of new stuff this fall — including a cult-favorite fans have been waiting years for

Apple is reportedly gearing up to launch numerous new products this fall, from iPhones to iPads to Apple Watches. Apple fans will be glad to hear about the updated Mac Mini, which is a cult favorite.

 

The company formerly known as Google is far bigger than most people realize

Google became Alphabet more than year ago, but confusion still abounds as to how it’s organized. Here’s what’s under the corporate umbrella.

 

Citi has poached a quant trading exec from Credit Suisse as Wall Street’s equity derivatives hiring binge continues

BI PRIME: Citigroup has hired a quant trading and derivatives exec from Credit Suisse, the latest in the rash of equity derivatives moves across Wall Street.

 

Broadcom is reportedly about to acquire CA Technologies for $18 billion, just 4 months after Trump blocked its acquisition of Qualcomm

The $108 billion semiconductor company Broadcom could announce the deal to acquire CA Technologies for $18 billion on Wednesday.

 

Farmland Partners denies short seller’s accusations

Farmland Partners Inc. FPI, -38.96% responded to accusations Wednesday afternoon from a short seller that sent shares to all-time lows in the regular

 

Comcast keeps bidding war with Fox for Sky alive with sweetened offer

Comcast Corp. CMCSA, +1.29% said late Wednesday it was raising its offer for U.K.-based pay TV company Sky PLC SKY, -0.50% following a sweetened offer

 

Natus Medical appoints Kennedy as CEO, Paul as chair

Natus Medical Inc. BABY, -2.98% said late Wednesday it appointed Jonathan Kennedy its new chief executive and president. Kennedy, who has served as ch

 

DocuSign founder to leave board amid shake-up

DocuSign Inc. DOCU, -0.74% stock ticked up less than 1% in the extended session after the company announced late Wednesday that DocuSign’s founder and

 

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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