Heads-up News 

Tokyo Trading Session Heads Up Wednesday, October 11, 2017

Tokyo opening news digest

Trump says that tearing up NAFTA ‘will be fine’

Speaking to the press in the Oval Office alongside Prime Minister Justin Trudeau, President Trump said that if Mexico, Canada and the U.S. can’t reach a new trade deal, the current one will be terminated and “that’ll be fun.”


USD: FOMC Minutes: Slightly Dovish But Not Enough To Change Outlook – SEB

SEB Research comments on today’s FOMC minutes from the September meeting:”Our assessment of the minutes is that the message was slightly dovish but not enough to change our outlook for US monetary policy.We know from the rate projections published along with the statement that 12 out of 16 meeting participants see at least one more hi


Major Averages Edge Up To New Record Closing Highs – U.S. Commentary

Stocks turned in another relatively lackluster performance during trading on Wednesday but managed to end the session modestly higher. With the gains on the day, the major averages climbed to new record closing highs.


KROTON: Total Number Of Students Drops 1.5% In 3Q17 In Annual Comparison

Kroton educational group’s total number of students has shrunk by 1.5% in the third quarter of 2017 from the same period last year, to 901,642, pressured by the decline in the number of students enrolled in presential courses.


ARGENTINA: Crude Steel Production Rises 28.2% In September On Annual Basis

Argentina’s crude steel production in September was at 413,000 tons, marking a 28.2% increase over the same month of 2016, said the Argentinean Steel’s Chamber. Meanwhile, the production of hot rolled products in Argentina was at 426,800 tons in September, 20.


AZUL: Company Sells 10 Airplanes And Reduces Debt By R$ 325 Million

Brazilian air company Azul Linhas Aéreas announced the sale of ten ATR 72-600 aircraft to Denmark’s Nordic Aviation Capital (NAC), leading to a R$ 325 million (US$ 102.


Major Averages Slightly Higher In Mid-Day Trading – U.S. Commentary

Stocks have turned in a relatively lackluster performance during trading on Wednesday, extending the choppy trading seen in the previous session. The major averages have spent the day lingering near the unchanged line.


Stocks Continue To Experience Choppy Trading – U.S. Commentary

Following the lackluster performance seen in the previous session, stocks continue to experience choppy trading on Wednesday. The major averages have once again been bouncing back and forth across the unchanged line.


Leading Brands Inc. (LBIX) Has Surged To A 6-Month High

Leading Brands Inc. (LBIX) has been rising steadily since the open of trade Wednesday and is now up 1.27 at $2.45. Trading volume has begun to accelerate in the last 15 minutes.


Pretium Resources Inc. (PVG) Has Surged To Over A 7-Month High

Pretium Resources Inc. (PVG) announced Wednesday morning that its Brucejack Mine produced 82,203 ounces of gold during the third quarter. Pretium Resources gapped open higher Wednesday and has risen sharply in early trade on above average volume.


Colgate-Palmolive Co. (CL) Is Up Sharply Following Upgrade

SunTrust Robinson Humphrey upgraded its rating on shares of Colgate-Palmolive Co. (CL) Wednesday morning to “Buy” from “Hold.” Colgate-Palmolive gapped open sharply higher Wednesday and is now up 2 points at $74.


Kroger Co. (KR) Is Climbing As It Explores Potential Sale Of Convenience Store

Kroger Co. (KR) announced Wednesday morning that it plans to explore strategic alternatives for its convenience store business, including a potential sale. The company also reaffirmed its 2017 guidance.


Barracuda Networks Inc. (CUDA) Is Sinking After Q2 Report

Barracuda Networks Inc. (CUDA) reported second quarter non-GAAP EPS of $0.17 after the bell Tuesday, which was in line with analysts’ expectations. Barracuda Networks has gapped open sharply lower Wednesday morning and is now down 2.


Johnson & Johnson (JNJ) Is Challenging The Highs After Upgrade

Jefferies upgraded its rating on shares of Johnson & Johnson (JNJ) Wednesday morning to “Buy” from “Hold.” Johnson & Johnson gapped open higher Wednesday and has continued to rise in early trade.


Aerie Pharmaceuticals Inc. (AERI) Has Jumped To A New High On FDA News

The FDA posted a preliminary review on its website Wednesday which states that Aerie Pharmaceuticals Inc.’s (AERI) Rhopressa, a treatment for glaucoma, is effective in lowering eye pressure.


Stocks May Move To The Downside In Early Trading – U.S. Commentary

After ending the previous session modestly higher, stocks may move to the downside in early trading on Wednesday. The major index futures are currently pointing to a slightly lower open for the markets, with the Dow futures down by 9 points.


Brazil Retail Sales Unexpectedly Fall In August

Brazil’s retail sales declined in August, defying expectations for modest growth, figures from the statistical office IBGE showed Wednesday. Retail sales fell 0.


JetBlue Airways September Traffic, Capacity And Load Factor Decline

JetBlue Airways Corp. (JBLU) reported that its traffic, capacity and load factor declined in the month of September 2017. The company said its traffic in September declined 4.


Delta Air Lines Q3 Profit Down; Sees Continued Pressure On Q4 Margins

Delta Air Lines Inc. (DAL, DALRQ.PK) reported a profit for the third-quarter that decreased 6.4 percent from last year. But total operating revenue was up 5.5 percent, despite a $140 million reduction from Hurricane Irma.


Wall Street Cautious And Might Open Lower Ahead Of FOMC, JOLT

The minutes of the FOMC meeting and the Labor Department’s job openings report are the major focus of the day. The FOMC minutes might point to a picture of the future of wages and employment.


Sensex, Nifty Give Up Early Gains Ahead Of Earnings

Indian shares erased early gains to end slightly lower on Wednesday as investors waited for cues from the second-quarter earnings season as well as industrial output and inflation data due this week.


Norway Rate Hike Very Long Way Off As Inflation Stays Below Target

An interest rate hike in Norway are a very long way off as inflation is unlikely to meet the Norges Bank’s target any time soon amid weak domestic price pressures, Stephen Brown, an economist at Capital Economics, said.


European Shares Subdued As Euro Hits Two-week High

European stocks were flat to slightly lower on Wednesday as the euro surged and investors awaited the release of minutes of the September Federal Reserve policy meeting later today for clues on the rate outlook.


FTSE 100 Little Changed After Mondi’s Profit Warning

U.K. shares were marginally lower on Wednesday as paper and packaging firm Mondi cut its full-year guidance and investors awaited the release of minutes of the September Federal Reserve policy meeting later today for clues on the rate outlook.


Malta HICP Inflation Steady For Second Month

Malta’s EU measure of inflation held steady for the second straight month in September, figures from the National Institute of Statistics showed Wednesday. The harmonized index of consumer prices, or HICP, climbed 1.


8 surprising places where you can pay with bitcoin

There are many other small e-commerce stores that accept cryptocurrency for purchases. Some industries even have custom cryptocurrencies.


Virtu, the ‘ultimate play’ on volatility on Wall Street, is set for a rough quarter (VIRT)

We won’t know exactly how Virtu Financial fared during the third quarter until November 7, when the high-frequency trader unveils its earnings, but one UBS …


Here’s why Trump’s plan for a corporate tax holiday won’t grow the economy

A repatriation holiday neither reduces the cost of capital for American businesses nor increases the expected return on business investments in America.


CarGurus prices IPO above expected range at $16 a share

CarGurus Inc. CARG, +0.00% said late Wednesday it was pricing shares of its initial public offering above its previously stated range. The company, wh


AT&T warns of lower Q3 revenue, profit on hurricanes, Mexican earthquakes

AT&T Inc. T, -0.81% late Wednesday warned investors to expect lower third-quarter revenue and profit after several “devastating hurricanes, as well as


Fischer says Fed doesn’t see asset prices as ‘unsustainable’

Outgoing Federal Reserve Vice Chairman Stanley Fischer said Wednesday the central bank doesn’t see an unsustainable bubble building in asset prices. R


Sigma Designs to reduce workforce by a quarter amid restructuring

Sigma Designs Inc. SIGM, +0.77% late Wednesday said it was reducing its workforce by roughly a quarter as part of a restructuring to “accelerate the r


J.Jill shares plummet after outlook cut

J.Jill Inc. JILL, -2.17% shares plummeted in the extended session Wednesday after the women’s apparel retailer cut its outlook for the third quarter b


API data show a weekly climb in U.S. crude supply, sources say

The American Petroleum Institute reported Wednesday that U.S. crude supplies rose by 3.1 million barrels for the week ended Oct. 6, according to sourc


Ardelyx jumps more than 60% after positive study results

Ardelyx Inc. ARDX, +0.00% shares soared more than 60% in after-hours trading Wednesday, after the company reported positive results for a study of a p


Snap stock surges 11.4% in best trading day since IPO

Snap Inc. SNAP, +11.44% enjoyed its best day of trading Wednesday since its March 2 debut in the public market, rising 11.4% to $15.98. The company ha


Cheer Up


Starting up Level II, seems like it could be a long day because I keep seeing the ‘Four Horsemen of the Apocalypse’ on the Ask… Yikes.


Image courtesy: 0.media.collegehumor.cvcdn.com

Have a nice trading!

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