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US stock market, economy and companies update (July 22, 2014)

July 22, 2014, Tuesday
Tame inflation and very good June housing data has added to the strong momentum seen in European trading, sending the S&P500 to within points of all-time highs this morning. As of writing, the DJIA is up 0.43%, the S&P500 is up 0.53% and the Nasdaq is up 0.87%. Inflation is still not showing up to the party, according to the June CPI data out this morning.

Indian stock market daily morning report (July 22, 2014, Tuesday)

July 22, 2014, Tuesday
Markets gained for the fifth straight session on Monday amid encouraging first quarter earnings from index heavyweights Reliance Industries and HDFC. Meanwhile, the broader markets outperformed the benchmark indices with the Small-cap index gaining nearly 1% as foreign institutional investors turned focus to the broader markets where valuations are seen reasonable at current levels.

Indian stock market and companies daily report (July 22, 2014, Tuesday)

July 22, 2014, Tuesday
Indian markets are expected to open on a positive note with tracking positive opening on SGX Nifty along with positive Asian markets. US market ended modestly lower as worries about further sanctions against Russia generated some negative sentiment after a passenger plane was shot down near the Ukraine-Russia border last week. The pullback on the day partly offset the strength that was seen last week.

US stock market daily report (July 21, 2014, Monday)

July 22, 2014, Tuesday
The Serious Fraud Office - an anti-fraud agency in Britain - announced the launch of a criminal investigation into alleged rigging of the $5.3 trillion-a-day Forex market. The SFO said in a statement, "The director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market." David Green CB QC is current director of SFO. The investigation is targeting currency chat rooms - the Bandits’ Club, the Dream Team and the Cartel - accused of manipulating benchmark forex prices. Individual traders will be investigated as to their personal benefits while participating in these rooms.

US stock market, economy and companies update (July 21, 2014)

July 21, 2014, Monday
With little in the way of major earnings or economic data to distract markets, the situation in eastern Ukraine remains the major focus this morning. The western powers pushed their strong thesis that pro-Russia separatists shot down Malaysia Airlines flight MH17, while Moscow outlined data they said suggests Ukraine had a hand in shooting down the plane.

Indian stock market daily morning report (July 21, 2014, Monday)

July 21, 2014, Monday
Benchmark share indices rebounded in the week to July 1- after the Reserve Bank of India exempted the mandatory reserve requirements on funds raised through bonds for extending credit to housing and infrastructure sectors. Further, hopes of cut in key policy rates amid easing inflation also aided sentiment. For the week, the 30-share Sensex ended up 617 points or 2.5% at 25,642 and the 50-share Nifty ended up 204 points or 2.7% at 7,664.

Indian stock market and companies daily report (July 21, 2014, Monday)

July 21, 2014, Monday
Indian markets are expected to open on a positive note with tracking positive opening on SGX Nifty along with positive global cues. U.S. stock indices ended on a positive territory on back of bargain hunting as traders seemed to shrug off the geopolitical concerns that contributed to the weakness seen in the previous session. European stocks clawed back from early losses due to situation in Ukraine and Russia tensions flare.

US stock market daily report (July 18, 2014, Friday)

July 18, 2014, Friday
In 1934, during the Great Depression, an institution was created during President Franklin D. Roosevelt’s New Deal - the Export-Import Bank. Most Americans have never heard of the bank. Supporters of the bank say it helps keep U.S. companies in business; puts Americans to work, helps American companies compete with foreign rivals that receive subsidies or other financial assistance from their own governments. Without help from the bank, U.S. businesses could lose out to Chinese, European and Russian companies.

US stock market, economy and companies update (July 18, 2014)

July 18, 2014, Friday
US equities are bouncing higher this morning after yesterday's geopolitical-induced slide lower. The situation in Ukraine following the downing of Malaysia Airlines MH17 remains very tense, with Russia and the western powers now trading barbs. As of writing, the DJIA is up 0.37%, the S&P500 is up 0.44% and the Nasdaq is up 0.89%. Cable took a nose dive this morning after 08:00ET as chatter made the rounds that an interview would be published over the weekend in which BoE Governor Carney made dovish comments. GBP/USD dropped from 1.7095 to 1.7040, prompting a denial from the BoE.

Indian stock market daily morning report (July 18, 2014, Friday)

July 18, 2014, Friday
Benchmark indices ended flat amid choppy trades after investors turned cautious and booked profits at higher levels. Losses in financials and oil and gas shares capped gains. The 30-share Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640 levels. The broader markets outperformed the large counterparts. BSE Mid-cap index and Small-cap indices gained 1.3% each.

Indian stock market and companies daily report (July 18, 2014, Friday)

July 18, 2014, Friday
Indian markets are expected to open on a negative note with tracking negative opening on SGX Nifty along with negative global cues. U.S. stock indices ended on a negative territory after news came that Malaysia Airlines passenger plane has crashed in eastern Ukraine. Further, European markets also closed in the negative territory as Ukraine worries resurfaced in the wake of fresh sanctions against Russia. Back home, Indian indexes Sensex and Nifty ended a lackluster session slightly higher despite weak global cues.

US stock market daily report (July 17, 2014, Thursday)

July 17, 2014, Thursday
Americans taking Niacin to help reduce cholesterol and for general heart health, are now told the drug could be too risky for routine use. Niacin is a type of B vitamin sold over the counter and by prescription in higher doses. Studies now reveal that the hundreds of thousands of Americans taking Niacin are experiencing more dangerous side effects. Niacin is prescribed alone and in some cases, with statin medicines such as Lipitor for cholesterol problems.

US stock market, economy and companies update (July 18, 2014)

July 17, 2014, Thursday
The new Russia sanctions, jitters about the Chinese economy and the weak housing data undercut futures in the premarket, sending the S&P500 sharply lower, exacerbated by losses in European trading. US indices returned to positive territory mid morning. As of writing, the DJIA is down 0.14%, the S&P500 is down 0.10% and the Nasdaq is down 0.40%. This morning's June housing starts and building permits numbers were not confidence-inspiring. The June figure missed expectations by 100K and the reading was at its lowest level since September 2013.

Indian stock market daily morning report (July 17, 2014, Thursday)

July 17, 2014, Thursday
Benchmark share indices ended higher on Wednesday with bank shares leading the gains after the Reserve Bank of India exempted the mandatory reserve requirements on funds raised through bonds for extending credit to housing and infrastructure sectors. The S&P BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the CNX Nifty ended 7624.40 up by 97.75 points or 1.30%.

Indian stock market and companies daily report (July 17, 2014, Thursday)

July 17, 2014, Thursday
Indian markets are expected to open on a flat note with tracking flat opening on SGX Nifty along with positive global cues. U.S. stock indices ended in the positive territory on back of on better than expected Chinese economic data. European markets ended in the positive territory on back of on easing Portugal bank fears and better than expected after China GDP growth figures which stood at 7.5%.

US stock market, economy and companies update (July 17, 2014)

July 17, 2014, Thursday
US equities gained before the open of cash trading on a raft of strong earnings reports, but have been losing altitude in mid-morning trade. As of writing, the DJIA is up 0.18%, the S&P500 is up 0.32% and the Nasdaq is up 0.18%. EUR/USD has fallen lower this morning, with the pair testing 1.3530, not far from the lower end of its six-week range. Key support is seen around 1.3503, which matches the lows seen after the ECB announced its latest round of extraordinary measures in June.

US stock market daily report (July 16, 2014, Wednesday)

July 16, 2014, Wednesday
Efforts to create a more business-friendly environment, solve California’s water issues and ease traffic congestion has prompted Timothy Draper, billionaire founder of Silicon Valley-based venture capital firm from Menlo Park, to take a long shot towards breaking up California into six separate states. Draper has sunk $2 million into gathering signatures for the proposal and maintains it will break bureaucratic gridlock in Sacramento - the proposed state of North California - as well as attracting more business.

Indian stock market daily morning report (July 16, 2014, Wednesday)

July 16, 2014, Wednesday
Markets surged in late trades, snapping their five-day losing streak, led by rate sensitive shares on hopes that easing inflation may give central bank the much needed comfort to cut key policy rates. The 30-share Sensex ended up 222 points at 25,229 and the 50-share Nifty ended up 73 points at 7,527. As per the data released late Monday, consumer price index (CPI)-based inflation fell to 7.31% in June, the lowest since its launch in January 2012.

Indian stock market and companies daily report (July 16, 2014, Wednesday)

July 16, 2014, Wednesday
Indian markets are expected to open on a positive note with tracking marginally positive opening on SGX Nifty along with marginal gains in Asian markets. U.S. stock indices managed to end flat after opening in a negative teritory, driven by speech of Fed Chair Janet Yellen stating the economy continues to improve but the recovery is not complete. European markets ended in the negative teritory mainly on the concern of German confidence data which was lowest in 19 months

US stock market daily report (July 15, 2014, Tuesday)

July 15, 2014, Tuesday
No one likes to talk about death or preparing for ones death. Out of respect for those who will be left behind in the event of your death, preparation for your death could be life saving for those you leave behind. Preparation for ones death can also prevent delays for inheritors and reduce legal fees for loved ones. Its actually very simple to prepare for your own death - get your paperwork in order. In the day of technology, paperwork could be as simple as a folder on ones desktop entitled, 'DEATH'. While the theory is simple, preparation of what is entailed in that desktop folder, will be time consuming. While it takes one time now, it will save endless time and aggravation of those left behind who have to step in to clear up, what you leave behind. Its the courtesy of keeping things in order for those who have to clean up your life on earth.

US stock market, economy and companies update (July 15, 2014)

July 15, 2014, Tuesday
Some decent earnings sent equities higher this morning before the bell and even helped European indices recovery from the weak July Eurozone and Germany ZEW surveys. However markets have dropped into the red after Yellen began testifying. As of writing, the DJIA is down 0.1%, the S&P500 is down 0.25% and the Nasdaq is down 0.70%. The headline retail sales number looked weak but all of the important bits were as strong as or stronger than anticipated.

Indian stock market daily morning report (July 15, 2014, Tuesday)

July 15, 2014, Tuesday
Markets ended a volatile session on a flat note, with a negative bias, amid profit taking in IT major Infosys post its first quarter earnings last week. Also, investor sentiments were dampened after foreign institutional investors sold Indian shares worth 7.23 billion rupees ($120.60 million) on Friday. For the day, the Sensex was down 17 points at 25,007 and the Nifty gave off five points to settle at 7,454.

Indian stock market and companies daily report (July 15, 2014, Tuesday)

July 15, 2014, Tuesday
Indian markets are expected to open on a positive note with tracking marginally positive opening on SGX Nifty along with positive opening in Asian markets. The US market opened positive, although it gave back some ground after reaching a record intraday high in early trading. The strength on Wall Street partly reflected a positive reaction to earnings news from Citigroup and also benefited from news on the merger-and-acquisition front, with URS Corp. European stocks ended with positive on back of easing fears of contagion from an ailing Portuguese lender.

US stock market daily report (July 14, 2014, Monday)

July 14, 2014, Monday
Federal laboratories have been found to contain more safety lapses with the handling of anthrax. According to documents released by lawmakers on Monday, violations consist of keys left in 'supposedly' locked refrigerators used to store anthrax as well as the use of disinfectants that had surpassed their 'best if used-by dates'. On Wednesday, a hearing is scheduled by the subcommittee of the House of Representatives Committee on Energy and Commerce about the U.S. Centers for Disease Control and Prevention (CDC)'s mishandling of anthrax and a second deadly microbe - avian influenza.

US stock market, economy and companies update (July 14, 2014)

July 14, 2014, Monday
Gains among financials plus gains in Asia and European indices are sending the US markets back toward record highs this morning. As of writing, the DJIA is up 0.76%, the S&P500 is up 0.54% and the Nasdaq is up 0.63%. Fed Chair Yellen heads to Congress this week for her semiannual monetary policy report. She will address the Senate Banking Committee on Tuesday and the House Committee on Financial Services on Wednesday. Analysts expect that Congressmen will press Yellen to acknowledge the improvement in the labor market and higher inflation trends.

Indian stock market daily morning report (July 14, 2014, Monday)

July 14, 2014, Monday
The market exuberance seem to be fading as benchmark indices succumbed to profit taking in select sectors dragging them to five week closing low even as investors sought the safety of defensive shares. Although the Finance Minister in his maiden Union Budget toed a fine line between prudence and promises lack of broader reforms weighed on market sentiment. The S&P BSE Sensex slumped by 34- points or 1.3% to end at 25,024.35 while the CnX Nifty slipped by 10- points or 1.43% to end at 7,459.60. The broader markets underperformed major benchmark indices as BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.

Indian stock market and companies daily report (July 14, 2014, Monday)

July 14, 2014, Monday
Indian markets are expected to open on a positive note with tracking marginally positive opening on SGX Nifty along with marginal gains in Asian markets. The US markets managed to end positive showing lack of direction for the whole trading session on Friday as it post $70.5bn June budget surplus. Meanwhile European stocks ended with some modest gain. Back home, Indian shares fell sharply with Sensex & Nifty closing at 5 week low as the budget lacked clarity on curbing fiscal deficit and issue of retrospective taxes hurt investor sentiments, who had hoped for big bang announcements.

US stock market daily report (July 11, 2014, Friday)

July 11, 2014, Friday
Microsoft Crime Busters Make the Cut Microsoft Crime Busters Make the Cut Cyber crooks cannot hide from Microsoft Corporation (MSFT-Nasdaq) forever. Microsoft, the worlds largest software maker, made its most successful digital crime-busting operation when it freed at least 4.7 million infected personal computers. Microsoft's cybercrime-fighting Digital Crimes Unit said on Thursday, they identified millions of infected computers although - many could still be controlled by cyber fraudsters. Under a federal court order, the operation began on June 30 and targeted malicious software known as Bladabindi and Jenxcus.

US stock market, economy and companies update (July 11, 2014)

July 11, 2014, Friday
US trading has been volatile this morning after yesterday's rollercoaster ride. As of writing, the DJIA si down 0.17%, the S&P500 is down 0.11% and the Nasdaq is up 0.20%. Fed hawk Plosser minced no words in an interview on the first day of the Jackson Hole conference. Plosser warned that the Fed was falling behind the curve on rates and said he was afraid the FOMC could find itself in a situation where it was forced to play catchup with markets, raising fed funds faster than markets expected.

Indian stock market daily morning report (July 11, 2014, Friday)

July 11, 2014, Friday
Markets ended lower, amid a volatile trading on Thursday, as investors booked profits at higher levels even as the Finance Minister Arun Jaitley in his maiden budget focused on stimulating economic growth. The 30-share Sensex ended down 72 points at 25,373 after moving in a 800-point range and the 50-share Nifty ended down 17 points at 7,56- after moving in a 252-point range. Finance Minister focused on reviving structural problems of the ailing economy. He added, fiscal prudence will lead to fiscal consolidation and aimed at a sustained growth of 7-- pct in next three-four years.

Indian stock market and companies daily report (July 11, 2014, Friday)

July 11, 2014, Friday
Indian markets are expected to open on a flat note with positive bias tracking marginally positive opening on SGX Nifty while most of the Asian markets are trading mixed. The US markets regained some ground over the course of the session after showing a substantial move to the downside at the start of trading on Thursday. The initial sell-off on Wall Street was partly due to renewed concerns about the prospect of the Federal Reserve raising interest rate sooner than anticipated also weighed on the markets following the release of upbeat jobs data.

US stock market daily report (July 10, 2014, Thursday)

July 10, 2014, Thursday
During the past 15 years, over 100 experimental Alzheimer's drugs have failed during trials. Experts believe the reason for so many failures is that the trials are conducted too late, when patients conditions are already too far along. Alzheimer's - a brain-wasting disease - is the most common form of dementia. The disease is so horrific and estimated to cost the world nearly $604 billion a year during 2010. Alzheimer's Disease International says Alzheimer's affects 44 million people worldwide, with the number expected to triple by the year 2050.

US stock market, economy and companies update (July 10, 2014)

July 10, 2014, Thursday
Ugly events in Europe have freaked out global markets this morning, as participants collectively experience Eurozone crisis flashbacks. After bottoming out before the US cash open, European indices are ticking off their lows and US indices have also come off their worst levels. As of writing, the DJIA is down 0.54%, the S&P500 is down 0.60% and the Nasdaq is down 0.64%. The US 10-year yield dropped about five bps to trade at 2.50%, its lowest level since the beginning of June.

Indian stock market daily morning report (July 10, 2014, Thursday)

July 10, 2014, Thursday
The markets ended lower amid volatile trading session as the domestic and global investors turn cautious ahead of the Union Budget to be presented by the Finance Minister tomorrow in the Parliament. The Economic Survey failed to bring any cheer for the market participants. In addition, weak global cues dampened the sentiments of the investors. The Sensex ended at 25,445 levels lower by 137 points and the Nifty ended at 7,585 levels down by 3- points.

Indian stock market and companies daily report (July 10, 2014, Thursday)

July 10, 2014, Thursday
Indian markets are expected to open on a flat note with positive bias tracking marginally positive opening on SGX Nifty while most of the Asian markets are trading mixed. The US markets mostly higher over the course of the trading day on Wednesday, partly offsetting the notable pullback seen over the two previous sessions. The optimism in the market came on the heels of the release of the minutes of the Federal Reserve's monetary policy meeting in June which confirmed that the Fed plans to completely unwind its asset purchase plan by October as long the economy continues to pick up.

US stock market, economy and companies update (July 10, 2014)

July 10, 2014, Thursday
Strong earnings from Alcoa last night seem to be helping to keep US indices in the black this morning. The S&P500 is coming off its biggest two-day slump since May. As of writing, the DJIA is up 0.21%, the S&P500 is up 0.33% and the Nasdaq is up 0.49%. BoE Deputy Governor-designate Nemat Shafik testified before parliament this morning. She noted that the pace of the UK recovery has been striking and there may be less slack in the economy than expected.

US stock market daily report (July 09, 2014, Wednesday)

July 9, 2014, Wednesday
Aviagen Group, the world's largest breeder of hens and roosters, has discovered that a key breed of rooster has a genetic issue that is reducing its fertility. Aviagen spokeswoman Marla Robinson said that the breed - Aviagen's standard Ross male - is sire through its offspring to as much as 25% of the nation's chickens raised for slaughter. Efforts to improve the quality of the chickens are a result of regular 'tweaking' of their genetics.

Indian stock market daily morning report (July 09, 2014, Wednesday)

July 9, 2014, Wednesday
Benchmark share indices slumped on Tuesday, recording their largest drop in percentage terms since January 27, 2014, as investors turned cautious and booked profits ahead of the Budget session on Thursday. The 30-share Sensex was down 51- points to end the day at 25,582 and the Nifty slumped 164 points to close at 7,623. Earlier in the day, the benchmark indices hit record highs for the fourth straight session, hitting the 7,800 mark on the Nifty for the first time. However, the sell-off was triggered post the Rail Budget announcement.

Indian stock market and companies daily report (July 09, 2014, Wednesday)

July 9, 2014, Wednesday
Indian markets are expected to open on a flat to negative note tracking marginally negative opening on SGX Nifty and most of the Asian markets. The US markets saw further downside during trading on Tuesday after moving mostly lower over the course of the previous session. Caution ahead of the start of earnings season along with lingering concerns about the outlook for monetary policy contributed to the weakness on Wall Street. Moreover, recent upbeat economic data, including last week's strong jobs report, has led to speculation that the Federal Reserve will begin raising interest rates sooner than anticipated.

US stock market daily report (July 08, 2014, Tuesday)

July 8, 2014, Tuesday
The revenue bounty from taxes generated from the sale of legalized marijuana continues to make many states take a longer look at reform bills or ballot initiatives for upcoming elections. Behind alcohol and tobacco, marijuana is the third most popular recreational drug in America. According to government surveys, some 25 million Americans have smoked marijuana over the past year. Despite the fact that pot is illegal for recreational use in 48 states, over 14 million Americans regularly use it.