New York opening news digest
|Tribune said in a statement Thursday that it has terminated its merger agreement with Sinclair, scuttling a $3.9 billion deal.|
|Here’s what you need to know about the markets before you start your business day.|
|Ikea has made its first foray into India, a huge new market where the company has suffered a series of hiccups.|
|The retailers announced late Wednesday that they are calling off the deal because of pushback from shareholders who complained it undervalued Rite Aid.|
|The Chinese government is facing anger from mom-and-pop investors after hundreds of online lending platforms imploded, wiping out their savings..|
|Experienced hedge fund managers are arguably some of the best stock pickers in the world. Investors are increasingly turning to hedge fund managers’ innovative long-only investment solutions to access attractive equity returns.|
|FTSE 100 Analysis: Russian Sanctions and Large Cap Ex-Divs Drag on FTSE|
|Sterling driven higher in the short-term with buyers seen near one-year lows. GBP move started by newspaper report that the EU is considering shifting its|
|US-China tariffs and possible US sanctions on Japan, Russia and Turkey are dominating trading and their impact looks likely to last, with the Japanese Yen|
|GBPUSD continues to drop on fears of a no-deal Brexit and, having already hit its weakest level so far this year, could now fall as|
|Gold is making another attempt to break its recent bear market and has tested a noted technical level of resistance. A clean break and close|
|The S&P 500 warrants caution on fresh longs as the old high nears, Dow has ground to make up.|
|• GBP pops on news that EU will offer a major Brexit concession to UK PM May.
• The uptick lacks any strong follow-through beyond the 1.2900
|Martin Enlund, Research Analyst at Nordea Markets, suggest that at an age of seven years, the upturn in the dollar has now lasted longer than the bull|
|Analysts at Nomura suggest that the US PPI report for July will likely reaffirm rising pipeline price pressure with input costs on the rise.
|Analysts at TD Securities suggest that Mexican July inflation is expected to continue to see near-term acceleration thanks to higher than expected non|
|DXY daily chart
Daily high: 95.34
Daily low: 95.03
|Jakub Seidler, Chief Economist at ING, notes that Czech inflation decelerated to 2.3% in July from 2.6% in the previous month, driven mainly by lower|
|Investors added almost 9.5K contracts to their open interest positions on Wednesday vs. Tuesday’s final 219,746 contracts, according to advanced figur|
|Analysts at TD Securities suggest that the market is looking for the US PPI inflation to hold steady at 3.4% y/y in July, with producer prices up 0.2%|
|Ireland Consumer Price Index (YoY): 0.8% (July) vs 0.4%|
|Ireland HICP (YoY) climbed from previous 0.7% to 1% in July|
|Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are|
|Greece Unemployment Rate (MoM) dipped from previous 20.2% to 19.5% in May|
|According to the latest headlines floating on the wires, the EU is said to offer a major Brexit concession to the UK PM Theresa May.
A report, via t
|In opinion of Axel Rudolph, Senior Analyst at Commerzbank, the Japanese safe haven currency is expected to pick up traction in the next months vs. the|
|Reuters reports key headlines from the World Trade Organization’s (WTO) Quarterly Outlook released on Thursday.
Quarterly outlook indicator shows glo
|Kremlin is out with a statement, responding to the latest US sanctions on Russia after the US determined that Moscow had used a nerve agent against a|
|Ireland Consumer Price Index (MoM) up to 0.4% in July from previous 0.1%|
|Portugal Global Trade Balance down to €-4.111B in June from previous €-3.601B|
|WTI (oil futures on NYMEX) experienced some volatile moves in the European session, although managed to hold above the $ 66.50 support area. However,|
|Joey Cuyegkeng, Senior Economist at ING, notes that the Philippine central bank (BSP) raised its policy rate by 50 basis points to 4% in a bid to brin|
|Sean Callow, Research Analyst at Westpac, points out that this week we saw the latest salvo, as China imposed 25% tariffs on $16bn of US energy and ve|
|Greece Industrial Production (YoY) rose from previous 1% to 1.2% in June|
|According to CME Group’s preliminary figures for EUR futures markets, traders scaled back their open interest positions by 618 contracts on Wednesday|
|Reuters cites four sources close to the Chinese government, as saying that escalating US-China trade dispute is seen causing a rift within China’s Com|
|• Reviving safe-haven demand largely offset by Fed rate hike expectations.
• The prevalent USD bullish sentiment further contributes towards
|Having consolidated above the 1.16 handle in the Asian trades, the EUR/USD pair failed to resist above the last and fell sharply in the European sessi|
|In view of Axel Rudolph, Senior Analyst at Commerzbank, the cross could slip back to the 128.11 region.
“EUR/JPY still targets the June 8
|The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main rivals, is trading on a positive note around the 95.25/30 bannd.
|Greece Consumer Price Index (YoY) down to 0.9% in July from previous 1%|
|Greece Consumer Price Index – Harmonized (YoY) down to 0.8% in July from previous 1%|
|A container ship owned by JPMorgan carrying a cargo of soybeans worth $20 million, has been circling off the Chinese coast for over a month, caught in the middle of the US-China trade war.|
|Sterling has hit a fresh 11-month low against the dollar on Thursday amid continued fears over the prospect of a ‘no deal’ Brexit.|
|Viacom Inc. VIAB, -1.38% said Thursday it had net income of $511 million, or $1.27 a share, in its fiscal third quarter to June 30, down from $680 mil|
|Tribune Media Co. TRCO, +0.99% reported Thursday that it swung to a second-quarter profit and revenue that rose above expectations, as it also announc|
|USA Today parent Gannett Co. Inc. GCI, -1.56% reported Thursday that it swung to a second-quarter profit, while revenue fell more than expected amid w|
|Vista Outdoor Inc. VSTO, -0.36% said Thursday it had a net loss of $52.3 million, or 91 cents a share, in its fiscal first quarter to July 1, after ea|
|Tribune Media Co. TRCO, +0.99% said Thursday it has terminated the $3.9 billion deal to be acquired by Sinclair Broadcast Group Inc., originally annou|
|Dun & Bradstreet DNB, -2.40% the 177-year-old financial services firm, has agreed to a $5.4 billion buyout by an investor group group led by CC Capita|
|In this second webinar of a two-part series, we discussed the various facets of trading pullbacks from entry to exits to risk management. -Subscribe to Daily…|
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|Ross Gerber, CEO of Gerber Kawasaki and shareholder in #Tesla, told #IGTV’s Victoria Scholar that he is not thrilled about the idea of going private and we s…|
A chartist I know said my stock had an upside down pennant formation, but all I saw was awhite flag being waved at Custer’s last stand.
Image courtesy: www.profitf.com
Have a nice trading!