Markets too hasty to call a recession: Analyst
Posted onU.S. stocks suffered their worst January in at least seven years last month. But have markets been too hasty to call a global economic slump? read more >>> Source : CNBC.Com
U.S. stocks suffered their worst January in at least seven years last month. But have markets been too hasty to call a global economic slump? read more >>> Source : CNBC.Com
Chemist chain Boots announces that it is cutting between 300 and 350 assistant store manager jobs in the UK. read more >>> Source : BBC
Hello traders. Hope you had a nice weekend. Overnight news from China manufacturing PMI was not so bad. Came down a few decimal points from the expected, which is good news for markets. Later on we have the Core Personal Consumption Expenditure and the ISM Manufacturing in the US as the main events. Indices are […]
MOSCOW, Feb 1 (Reuters) – The Russian state should retain control of strategic companies when privatising stakes in those firms, President Vladimir Putin said on Monday, stressing the sell-offs must… read more >>> Source : Reuters
Further confirmation that the boom times are over in China, with word that manufacturing there contracted in January at its fastest pace in almost… read more >>> Source : EuroNews.Com
COLOMBO, Feb 1 (Reuters) – Sri Lankan shares rose for a third straight session on Monday to end at their highest in more than a week led by large-caps, but trading volume slumped to a more-than-one-month low. read more >>> Source : Reuters
The rupee declined by six paise to close at 67.84 against the American currency on dollar demand from banks and importers ahead of the RBI policy meet. read more >>> Source : EconomicTimes.IndiaTimes.Com
Note to editors: This post is coauthored with authorized HuffPo blogger Source: Gurkaynak, Sack, Wright (2006, with updates). Financial markets are global, so it would be very strange if this decline in real interest rates were just a local U.S. phenomenon. That is, because capital can flow easily across borders–especially those of advanced economies–risk-free real […]
For young people working hard on Wall Street, it’s easy to get caught up in the daily grind and lose sight of what’s important. But one successful young Wall Streeter told Business Insider how crucial it is to regain that perspective. Michelle Domanico, a principal in credit at investment giant KKR, has seen financiers young […]
Is Ho Chi Minh City the fastest-aging nation in recorded history? Those who think Japan or Finland has the fastest aging population might be shocked to know that Vietnam ranks number one. It will take a little more than 15 years for the share of Vietnamese aged 65-plus to go from 7 to 14 percent […]
Oprah Winfrey really loves bread and she has the expanded bottom line to show for it. read more >>> Source : BankRate.Com
Nigeria is holding talks with the World Bank to help it fund a forecast $11bn (£7.7bn) budget deficit as it copes with falling oil revenue. read more >>> Source : BBC
BEIJING, Feb 1 (Reuters) – China’s leading airlines joined forces on Monday to blacklist rowdy passengers who have become an increasing problem as the number of travellers grows. read more >>> Source : Reuters
North Carolina-based fund manager Mark Yusko, the chief investment officer of $3.7 billion Morgan Creek Capital Management, revealed the 10 things he thinks could surprise the market in 2016. He shared his predictions in a presentation at the Inside ETFs Conference this month in Florida. Among his predictions is that one or more of the […]
LONDON, Feb 1 (Reuters) – The Russian rouble fell on Monday, tracking falling oil prices, while a raft of poor economic data pressured other emerging markets across the developing world, forcing some… read more >>> Source : Reuters
Wales should have its own banknotes to give it equal status with Scotland and Northern Ireland, Plaid Cymru has said. read more >>> Source : BBC
January felt like a very long month for most involved with markets, given the continued worries regarding China and the volatility seen in many asset markets. Friday’s move by the Bank of Japan proved to be the icing on the cake, although its eventual impact on the economy is likely to be a lot more […]
LONDON, Feb 1 (Reuters) – Markets got February off to a cautious start on Monday after a rocky January, as expectations of more cheap money from some of the world’s top central banks were validated… read more >>> Source : Reuters
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. State media outlets reported the arrests late Sunday. State broadcaster CCTV aired purported confessions from two former employees at Ezubao, an Anhui Province outfit […]
European stock markets were steady on Monday, as a rise in the shares of major banks such as Bankia offset a fall in the telecoms sector after Nokia settled a dispute with Samsung. The pan-European FTSEurofirst 300 index, whose 6 percent fall in January was its worst monthly drop at the start of a year […]
Many Canadians who got deals on U.S. homes when the loonie was high are now rushing to sell them to cash in on a double bonus: rising U.S. house prices and the tanking loonie. read more >>> Source : CBC.Ca
The oil market has been on a tear for the past week. The WTI price, a benchmark for oil, is back above $33 a barrel after touching lows below $28. The market is speculating over whether the OPEC nations, which control most of the world’s oil, are planning on an output cut. It was enough […]
A government minister has insisted that letters sent to women informing them of changes to their state pension age were clear. read more >>> Source : BBC
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. read more >>> Source : CTVNews.Ca
MOSCOW, Feb 1 (Reuters) – Annual inflation in Russia probably fell below 10 percent in January, Interfax news agency quoted Russian Economy Minister Alexei Ulyukayev as saying on Monday. read more >>> Source : Reuters
Rolls-Royce announces a $2.7bn (£1.9bn) order to manufacture and service Boeing 787 Dreamliner engines for Norwegian. read more >>> Source : BBC
* Nokia, Alcatel-Lucent shares both drop 10 pct (Adds share reaction, analyst comments) read more >>> Source : Reuters
BEIJING, Feb 1 (Reuters) – A former BMW AG executive will lead the electric car joint venture of Taiwan’s Hon Hai Precision Industry Co Ltd, China’s Tencent Holdings Ltd and China Harmony Auto Holding Ltd, the company said on Monday. read more >>> Source : Reuters
It’s PMI day in Europe, meaning that we get a good look at how the continent’s manufacturing sector performed in the first month of 2016. PMI readings give industry a score between 0-100, with anything above 50 signalling growth, and anything below showing a contraction. On Monday morning, we’re expecting data from Italy, France, Germany, […]
As the Chinese economy slows down and the renminbi devalues, people are pulling their money out of China. But it’s not until you see how much money is fleeing China that you realise just how dramatic the intensity of capital flight has become. Here is a chart from CLSA, in billions: That’s more than $200 […]
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors for $7.6 billion, in what could be the biggest financial fraud in Chinese history. read more >>> Source : CBC.Ca
When it comes to trading, you may very well be your worst enemy at times. Right before you get into a trade, you are level-headed, calculating, and pragmatic. You analyze the various scenarios and make a no nonsense decision. Then the trade goes live and you turn into the kid in front of the ice […]
BT reports a “standout quarter” with pre-tax profits up 24% to £862m in the three months to the end of December read more >>> Source : BBC
* Announces 800 mln euro share buyback (Adds quotes on profit outlook, buyback plans) read more >>> Source : Reuters
Ryanair maintains its full-year forecast and announces an €800m euros ($867m; £609m) share buyback. read more >>> Source : BBC
Chinese stocks fell Monday after a weak manufacturing report while Japan extended gains following its central bank’s introduction of a negative interest rate policy to boost lending by banks. Other markets were mixed. read more >>> Source : CTVNews.Ca
DUBAI, Feb 1 (Reuters) – Dubai International Airport remained the world’s busiest for international passengers in 2015 as traffic grew 10.7 percent, boosted by the addition of new airlines and routes, the airport’s operator said on Monday. read more >>> Source : Reuters
Meanwhile, the benchmark BSE Sensex regained the crucial 25,000-mark by rising 131.63 points, or 0.52 per cent to 25,002.32 in early trade. read more >>> Source : EconomicTimes.IndiaTimes.Com
Boarding a flight out of Hong Kong just got cheaper, after the city scrapped an old fuel surcharge on Monday. read more >>> Source : CNBC.Com
* China data not bad enough to provide lift for safe-haven yen read more >>> Source : Reuters
Chinese manufacturing ebbed in January to its lowest in more than three years, a possible sign of further weakness in the world’s No. 2 economy after posting its slowest annual growth in a quarter century. read more >>> Source : CTVNews.Ca
TAIPEI, Feb 1 (Reuters) – Chinese passengers will be able to transit through Taiwan and fly onwards to a third destination starting Monday, signalling a step toward greater transportation links between the two political enemies. read more >>> Source : Reuters
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02012016.pdf FACTORS TO WATCH 12:00 noon: LIC Chairman S.K. Roy to launch… read more >>> Source : Reuters
Private data on Monday showed activity in China’s factory sector shrink for an 11th straight month in January, but at a slightly slower pace than in December. read more >>> Source : EconomicTimes.IndiaTimes.Com
Toyota, the world’s top-selling automaker, will stop producing vehicles at all assembly lines across Japan for an entire week because of a parts shortage. read more >>> Source : CNN Money