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Reports India

US stock market, economy and companies update (January 30, 2015)

January 30, 2015, Friday
Equity markets are not far off their lows as of midday, with all three US indices and all S&P segments seeing losses. Equities are headed for their fourth weekly loss out of the last five week. The miss in GDP is depressing sentiment, while some mixed corporate earnings are not helping things. As of writing, the DJIA is down 0.93%, the S&P500 is off 0.75% and the Nasdaq has given up 0.44%.

Indian stock market daily morning report (January 30, 2015, Friday)

January 30, 2015, Friday
Benchmark share indices ended at record closing highs with the broader Nifty gaining for the 10th straight session, the longest rally since April 2014, following the expiry of January 2015 derivative contracts. The 30-share Sensex ended up 123 points at 29,682 and the 50-share Nifty gained for the 10th straight session to end at 8,952, up 3- points from its previous close. A similar 10-day rally was seen in the Nifty from March 21, 2014 to April 02, 2014.

Indian stock market and companies daily report (January 30, 2015, Friday)

January 30, 2015, Friday
Indian markets are expected to open positive, tracking the SGX Nifty and most of Asian markets. After fluctuating throughout much of the session, US markets stocks showed a strong move to the upside in afternoon trading on Thursday. Positive sentiment may also have been generated by a report from the Labor Department showing that initial jobless claims fell to a fourteen-year low in the week ended January 24th.

US stock market daily report (January 29, 2015, Thursday)

January 29, 2015, Thursday
Ahead of Super Bowl XLIX on Sunday, a Seattle-based medical marijuana retailer - Solstice - is planning on rolling 12,000 joints for its special '12'th Pack' promotion. The '12th pack' is a play on the 12th man - the nickname referring to football fans and is only being sold to medical marijuana users. The 12th pack will be filled with a special "Seahawks Blend" and hopes to make it available to Washington state's recreational marijuana users by next season.

US stock market, economy and companies update (January 29, 2015)

January 29, 2015, Thursday
US equity markets are under pressure this morning as investors digest corporate earnings reports. Energy firms are beginning to slash spending the face of lower oil prices, while any US company with overseas exposure is taking big hits from USD gains. As of writing, the DJIA is up 0.43%, the S&P500 is flat and the Nasdaq is down 0.16%. Pending home sales dropped more than expected in December, however the month's total was still higher than the year-ago figure. The November reading was revised slightly lower.

Indian stock market daily morning report (January 29, 2015, Thursday)

January 29, 2015, Thursday
Markets came off their record highs and the benchmark Sensex ended its eight day winning streak, amid a volatile trading session, as investors booked profits ahead of the expiry of January derivative contracts tomorrow and caution ahead of US Federal Reserve's annoucement later today. The 30-share Sensex lost 12 points to end at 29,559 after hitting a record high of 29,786 and the 50-share Nifty climbed 4 points to close at a record closing 8,914 for the sixth straight session after hitting a fresh record high of 8,985.

Indian stock market and companies daily report (January 29, 2015, Thursday)

January 29, 2015, Thursday
Indian markets are expected to open negative, tracking the SGX Nifty and most of Asian markets. US markets took substantial downturn over the course of the trading day on Wednesday. The losses on the day extended the sell-off seen in the previous session, with the Dow falling to its lowest closing level in over a month. The majority of the European markets ended Wednesday's session in negative territory.

US stock market daily report (January 28, 2015, Wednesday)

January 28, 2015, Wednesday
Apple Inc. (AAPL-Nasdaq) easily blew by analysts Q1 estimates of $67.7 billion and $2.60 per share with a record revenue of $74.6 billion and earnings per share of $3.06. The tech giant recorded a record $18 billion profit, adding to its already huge - and growing - stockpile of cash. The record earnings were the largest reported by any public corporation. Year over year growth for Apple was led by a surge of sales by 70% in China.

US stock market, economy and companies update (January 28, 2015)

January 28, 2015, Wednesday
US equities saw modest gains in the premarket thanks to a handful of robust corporate earnings reports, although indices have moved lower mid-morning. No major revelations are expected from the FOMC decision later today. As of writing, the DJIA is up 0.20%, the S&P500 is down 0.13% and the Nasdaq is up 0.22%.

Indian stock market daily morning report (January 28, 2015, Wednesday)

January 28, 2015, Wednesday
Markets ended at record closing highs for the fifth straight session led by financials and ITC while capital goods shares gained on hopes of order inflows after the breakthrough in the Indo-US treaty for civilian nuclear projects. The 30-share Sensex ended up 292 points at 29,571 and the 50-share Nifty gained 75 points to end above 8,900 for the first-time ever at 8,910. The Sensex touched its new all-time high level of 29,618.59 and Nifty reached its fresh record-high level of 8,925.05 in today's session.

Indian stock market and companies daily report (January 28, 2015, Wednesday)

January 28, 2015, Wednesday
Indian markets are expected to open negative, tracking the SGX Nifty and most of Asian markets. US markets ended the session off their worst levels of the day but still posted steep losses. A negative reaction to earnings news from several big-name companies contributed to the initial sell-off on Wall Street. The majority of the European markets pulled back from 7-year highs on Tuesday. Investor sentiment was impacted by concerns over Greece and the weak performance of the U.S. markets.

US stock market, economy and companies update (January 27, 2015)

January 27, 2015, Tuesday
US equity trading got off to a particularly rough start today. Disappointing US data and some concerning US corporate updates delivered the major blow. The US Dollar has reversed its recent strengthening trend and is giving ground across the globe, while US Treasury markets remain a safe haven which has pressured the 10-year yield back down towards 1.75%.

Indian stock market and companies daily report (January 27, 2015, Tuesday)

January 27, 2015, Tuesday
Indian markets are expected to open positively, tracking the SGX Nifty and most of Asian markets. After coming under pressure in early trading, US markets regained some ground sharply higher over the course of the trading session. Traders seemed reluctant to make any significant moves ahead of the Federal Reserve's monetary policy announcement on Wednesday. The majority of the European markets ended Monday's session in positive territory. Better than expected German business sentiment data proved a boost to the markets at the start of the new trading week.

US stock market daily report (January 26, 2015, Monday)

January 26, 2015, Monday
The Northeastern United States is set to get hit with several 'feet' of snow accompanied with wind gusts up to 60 miles per hour, per the National Weather Service. A short trip to the store is in order to stock up on basic necessities such as bread, milk, fruits, water and food that won't require electricity to make, in the event you lose power. Also pickup some batteries and have extra blankets on hand. Get all cell phones fully charged and avoid using them unless absolutely necessary during the storm so that you can use them, in the event of an emergency.

US stock market, economy and companies update (January 26, 2015)

January 26, 2015, Monday
US equity markets are under a bit of pressure this morning as the S&P500 continues to back off its January intraday high seen on Friday. Talk about Syriza's big win in Sunday's Greek parliamentary elections and the storm bearing down on the US East Coast are dominating headlines this morning. As of writing, the DJIA is down 0.16%, the S&P500 is flat and the Nasdaq is down 0.10%.

US stock market daily report (January 23, 2015, Friday)

January 23, 2015, Friday
Nearly $1 billion in financing has been raised by Space Exploration Technologies (SpaceX), per a statement from founder Elon Musk. The funding, provided by Fidelity and Google Inc. (GOOG-Nasdaq), gives the pair of investors slightly less than a 10% ownership in SpaceX. The pair join other current investors including Capricorn, Draper Fisher Jurvetson, Founders Fund and Valor Equity Partners. Funding received by SpaceX will enable a continuation of research in space transportation, reusability and satellite manufacturing.

US stock market, economy and companies update (January 23, 2015)

January 23, 2015, Friday
European stocks are seeing another session of big gains post-ECB, while US names are underperforming. Gold is hovering around $1,300 after recent gains, crude has given up its gains and EUR/USD bounced up to 1.1280 after testing 1.1110 earlier today. As of writing, the DJIA is down 0.22%, the S&P500 is off 0.18% and the Nasdaq is up 0.26%. December US existing home sales rose modestly over November's figure but missed expectations for the second month in a row. For all of 2014, total existing homes sales declined on a y/y basis for the first time since 2010.

Indian stock market daily morning report (January 23, 2015, Friday)

January 23, 2015, Friday
Benchmark share indices ended at record closing highs for the third straight session on expectations that the European Central Bank at its meeting later today would announce monetary stimulus measures. The 30-share Sensex gained 117 points to end above 29,000 at 29,006 after hitting a fresh record high of 29,060.41 while the 50-share Nifty gained 32 points to close at 8,761 after touching a record high of 8,772.70. NMDC closed 1.01% down at Rs 136.85 on BSE on reports the government invited bids from bankers yesterday, 21 January 2015 to manage its 10% stake sale in the company.

Indian stock market and companies daily report (January 23, 2015, Friday)

January 23, 2015, Friday
Indian markets are expected to open positively, tracking the SGX Nifty and other Asian markets. US markets moved sharply higher over the course of the trading session on Thursday, as traders reacted positively to the European Central Banks highly anticipated decision to implement quantitative easing. The majority of the European markets finished sharply higher Thursday, after the European Central Bank announced stimulus measures that exceeded expectations.

US stock market daily report (January 22, 2015, Thursday)

January 22, 2015, Thursday
On Thursday, the Consumer Financial Protection Bureau and the Maryland Attorney General's Office ordered JPMorgan Chase & Co. (JPM-NYSE) and Wells Fargo & Company (WFC-NYSE) to settle charges that they participated in an illegal marketing kickback scheme with Genuine Title, a title company from Maryland, that went out of business in April 2014. JPMorgan has been ordered to pay a $600,000 penalty, plus another $300,000 in redress to consumers. Wells Fargo has been ordered to pay a $24 million penalty plus an additional $11.1 million in redress to consumers.

US stock market, economy and companies update (January 22, 2015)

January 22, 2015, Thursday
ECB President Draghi fired the big bazooka this morning, unveiling a QE program that was slightly bigger than expected, in an attempt to boost inflation. European equities closed at their highs after solid gains, while US equities are advancing. As of writing, the DJIA is up 0.51%, the S&P500 is up 0.69% and the Nasdaq is up 0.79%.

Indian stock market daily morning report (January 22, 2015, Thursday)

January 22, 2015, Thursday
Benchmark shares indices gained for the fifth straight day and also ended at record highs for the second straight session after the International Monetary Fund said that India will grow at a faster pace than China in fiscal 2017. The 30-share Sensex ended at a fresh record closing high of 28,889 after hitting a record high of 28,958.10 and the 50-share Nifty ended at a fresh record closing high of 8,730 after touching a life time high of 8,741.85.

Indian stock market and companies daily report (January 22, 2015, Thursday)

January 22, 2015, Thursday
Indian markets are expected to open positively, tracking the SGX Nifty and other Asian markets. Optimism about Thursday's monetary policy announcement from the European Central Bank contributed to the higher close on US markets, with the bank expected to unveil additional stimulus. The majority of the European markets ended Wednesday's session with modest gains, extending their winning streak to a fifth consecutive session on hopes for ECB Stimulus.

US stock market daily report (January 21, 2015, Wednesday)

January 21, 2015, Wednesday
Findings of a preliminary study published Tuesday in the Journal of the American Medical Association indicate a therapy that uses a patients' own primitive blood cells may be able to reverse some of the effects of multiple sclerosis. The study consisted of a small group of 150 patients who were in the earlier stages of multiple sclerosis (MS). National Multiple Sclerosis Society executive vice president of research Bruce Bebo said, "This is certainly a positive development."

US stock market, economy and companies update (January 21, 2015)

January 21, 2015, Wednesday
Central bank policy moves have dominated headlines this morning. During the European session, the BoE minutes revealed that two MPC members changed their policy stance, saying the bank should hold off on rate hikes due to prolonged low inflation. More press reports citing sources fleshed out options for tomorrow's big ECB meeting. Finally, the Bank of Canada unexpectedly cut rates. As of writing, the DJIA is up 0.22%, the S&P500 is up 0.63% and the Nasdaq is up 0.57%.

Indian stock market daily morning report (January 21, 2015, Wednesday)

January 21, 2015, Wednesday
India's benchmark share indices Sensex and the Nifty ended at fresh record closing highs on Tuesday led by financials and index heavyweight ITC while metal stocks surged after better-than-expected fourth quarter economic growth from China. The 30-share Sensex ended 523 points higher at 28,785 after hitting fresh all-time high level of 28,829.29 and the 50-share Nifty closed up 145 points at 8,695 after touching life-time high level of 8,707.90.

Indian stock market and companies daily report (January 21, 2015, Wednesday)

January 21, 2015, Wednesday
Indian markets are expected to open positively, tracking the SGX Nifty and other Asian markets. Following the three-day holiday weekend, US markets fluctuated over the course of the trading session and ended in positive territory. The volatility on US markets came as traders expressed some uncertainty ahead of European Central Bank's monetary policy announcement on Thursday. Despite weakness in energy sector(due to falling crude oil prices), the majority of the European markets finished with modest gains Tuesday, extending their winning streak to a fourth consecutive session.

US stock market daily report (January 20, 2015, Tuesday)

January 20, 2015, Tuesday
The world will be watching the sky in February as a group composed of Bayer AG, Solvay, ABB, Schindler, Omega and Abu Dhabi's Masdar will launch the first solar powered plane which will fly around the world. The group will attempt the unprecedented flight in an attempt to prove that flying is possible without using fossil fuel. Feasibility studies, design and construction have been 12 years in the making. During the expected five-month journey of 35,000 km (22,000 miles), the engines of the Solar Impulse 2 will be powered only by solar energy.

US stock market, economy and companies update (January 20, 2015)

January 20, 2015, Tuesday
Slightly better-than-expected Q4 China GDP and German January ZEW data drove gains in Asia and European trading. China's role as a world growth engine has been fading, and the +7.4% total GDP gain in 2014 was lowest in 24 years. Crude and natural gas prices are lower in US trading, with WTI around $46.70 while natural gas is giving up last week's cold-snap gains. Shares of a spectrum of large and small energy names are lower, most notably Magnum Hunter, down nearly 15% after Suntrust analysts cut the name to a neutral rating.

Indian stock market daily morning report (January 20, 2015, Tuesday)

January 20, 2015, Tuesday
The Sensex gained for the third straight day to end at its highest closing in six weeks led by Wipro on robust earnings while banks extended gains on hopes that lower interest rates would help revive loan growth. The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty ended up 37 points at 8,551. Sun Pharmaceutical Industries closed 1.33% up at Rs 862.05 on BSE after 0.07% equity changed hands in a bulk deal on BSE today, 19 January 2015.

Indian stock market and companies daily report (January 20, 2015, Tuesday)

January 20, 2015, Tuesday
Indian markets are expected to open positively, tracking the SGX Nifty and other Asian markets. US markets were closed on Monday in celebration of Martin Luther King Jr. Day. European market ended Monday's session in positive territory, extending gains for a third consecutive session, amid bets that the European Central Bank will launch a government bond-buying program at its next policy meeting Thursday. Back home, Indian indices rose on Monday, driven by foreign fund inflows, as investors bet on the Narendra Modi-led BJP government for economic reforms and growth.

US stock market daily report (January 19, 2015, Tuesday)

January 19, 2015, Monday
Outlook email service from Microsoft Corporation (MSFT-Nasdaq) in China, experienced a "man-in-the-middle" (MITM) attack on Saturday January 17. During a MITM attack - per GreatFire.org - hackers hijack an online connection to monitor and sometimes control communications made through that channel. China based GreatFire suspects Lu Wei and the Cyberspace Administration of China have either orchestrated this attack or have willingly allowed the attack to happen - again. The CAC is suspected of being directly in charge of censorship in China.

US stock market, economy and companies update (January 19, 2015)

January 19, 2015, Monday
Denmark Central Bank spokesman Biltoft: Danish peg affected by SNB decision; no plans to drop EUR/DKK currency peg. Denmark has necessary tools to maintain its currency peg. Did intervene in FX markets before today's rate cut. Bank of Italy (BOI)'s Rossi: Italy should return to growth in Q1; growth unlikely to return to pre-crisis levels. Italy might recoup lost growth since 2012 by end of 2016. German Bundesbank Monthly Report: Saw upside risk to growth from lower oil prices. Domestic inflation outlook to be cut significantly and turn temporary into negative territory

Indian stock market daily morning report (January 19, 2015, Monday)

January 19, 2015, Monday
Indian equity shares surged to their highest level in more than a month on Friday, marking the best weekly performance since October, as blue-chips such as Larsen and Toubro gained after the central bank's unexpected rate cut on Thursday. The 30-share BSE index Sensex ended at 28,121.89, up 46.34 points or 0.17% and the 50-share NSE index Nifty closed at 8,513.80, up 19.65 points or 0.23%. Sun TV Network closed 11.32% up at Rs 418.05 on BSE on reports promoters selling out of SpiceJet removes concerns they will use Sun TV Network's cash flows to fund the cash-strapped low-cost airliner.

Indian stock market and companies daily report (January 19, 2015, Monday)

January 19, 2015, Monday
Indian markets are expected to open positively, tracking the SGX Nifty and other Asian markets. After initially showing a lack of direction, US markets moved sharply higher over the course of the trading day on Friday due to sharp increase in crude oil prices. The majority of the European markets extended their gains from the previous session on Friday following Swiss National Bank decision. Back home, Indian indices rose for a second consecutive session, as gains in infrastructure and healthcare stocks outweighed losses in the banking and technology sectors.

US stock market daily report (January 16, 2015, Friday)

January 16, 2015, Friday
Expanding on a 2009 report about "planetary boundaries" for safe human use, an team of 18 international experts sounded an alarm about clearance of forests and pollution from nitrogen and phosphorus in fertilizers. A scientific report card about mankind's impact on nature, performed by a group at the Stockholm Resilience Centre said on Thursday that climate change and high rates of extinctions of animals and plants are pushing the Earth into a danger zone for humanity.

US stock market, economy and companies update (January 16, 2015)

January 16, 2015, Friday
The turbulence from the Swiss National Bank's policy shocker yesterday continues to ripple through markets this morning. In the US, the very strong January confidence data has helped lift equities mid-morning, with the 10-year yield up 10 points on the session to trade 1.815%. As of writing, the DJIA is up 0.28%, the S&P500 is up 0.60% and the Nasdaq is up 0.49%.

Indian stock market daily morning report (January 16, 2015, Friday)

January 16, 2015, Friday
The Sensex gained 729 points to record its highest single-day gain since May 18, 2009, led by financials on expectations that further easing of interest rates would help spur growth. The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494. Shares of 12 real estate companies closed 1.56% to 18.59% up on BSE after the central bank in a surprise move cut interest rates today, 15 January 2015. Indiabulls Real Estate (up 10.55%), Oberoi Realty (up 1.56%), Housing Development and Infrastructure (HDIL) (up 18.59%), Unitech (up 8.01%), Sunteck Realty (up 1.72%), DLF (up 10.39%), Anant Raj (up 8.80%), D B Realty (up 4.30%), Godrej Properties (up 3.98%), Prestige Estates (up 11.46%), Sobha (up 6.92%) and Peninsula Land (up 3.85%) edged higher.

Indian stock market and companies daily report (January 16, 2015, Friday)

January 16, 2015, Friday
Indian markets are expected to open positively, tracking the SGX Nifty and other Asian markets. U.S. stocks fell as banks and Best Buy Co. slid after corporate earnings disappointed, while Apple Inc. paced a decline in technology shares. European stocks climbed as the Swiss central bank unexpectedly ended a cap on the minimum exchange rate. Indian indices surged strongly after RBI in a surprise move cut the key repo rate by 25 bps.

US stock market daily report (January 15, 2015, Thursday)

January 15, 2015, Thursday
All hell broke loose on Thursday as the Swiss National Bank shocked the world when it unexpectedly scrapped its minimum exchange rate cap of 1.20 Swiss francs to the euro, which was introduced in 2011 to protect the country from the eurozone debt crisis. The move by the Swiss sent shock waves across the world currency and stock markets. During the session on Thursday, the Swiss franc CHFUSD was higher by over 16% - rallying more than 30% against the USD and euro CHFEUR up over 17% at one point. The franc surged more than 20% during the session, ending more than three years of calm in the Swiss foreign exchange markets.

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