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

September 17, 2014, Wednesday
Yesterday's rally continued in the European session (Asia was mixed), helping goose US stocks higher in the early going today. As of writing the DJIA is up 0.12%, the S&P500 is up 0.09% and the Nasdaq is up 0.13%. US CPI inflation barely had a pulse in August. Both unadjusted and core figures fell lower, on both a sequential and y/y basis.

Indian stock market daily morning report (September 17, 2014, Wednesday)

September 17, 2014, Wednesday
Benchmark share indices ended at their lowest level in over two weeks as investors booked profits ahead of the two-day US Fed meet which could provide cues of an interest rate hike in the US. Further, selling by foreign funds in the previous session also weighed on market sentiment. The 30-share Sensex ended down 324 points at 26,493 and the 50-share Nifty closed 109 points lower at 7,933.

Indian stock market and companies daily report (September 17, 2014, Wednesday)

September 17, 2014, Wednesday
Indian markets are expected to open positive tracking SGX Nifty and global markets. U.S. stocks ended on positive note, as traders looked ahead to the Federal Reserve's highly anticipated monetary policy announcement Wednesday afternoon. European markets fell on Tuesday, with one index hitting a two-week low, as this week's referendum on independence in Scotland and the Federal Reserve's policy meeting kept investors on edge.

US stock market daily report (September 16, 2014, Tuesday)

September 16, 2014, Tuesday
Scientists reported on Monday that they spliced a key human brain gene into mice. The mice were carrying a human brain gene associated with language which enabled them to learn new ways to find food in a maze, faster than normal mice. The study was designed to assess how partially 'humanized' brains of a different species - mice - affects key cognitive functions.

US stock market, economy and companies update (September 16, 2014)

September 16, 2014, Tuesday
Futures dipped even lower this morning after yesterday's big sell-off. In the first hour of trade value buyers stepped in and bought risk assets and pushed the three leading indices back into positive territory, although momentum has stalled out mid morning. The DJIA is down 0.04%, the S&P is up 0.08% and the Nasdaq is down 0.19%.

Indian stock market daily morning report (September 16, 2014, Tuesday)

September 16, 2014, Tuesday
Benchmark share indices ended lower on Monday recording their highest single day fall since August - after sluggish July domestic industrial growth and weaker-than-expected economic data from China raised concerns over slowdown among the world's largest economies. Further, investors also turned cautious ahead of the US Federal Reserve's two-day policy meet which begins today. The 30-share Sensex ended down 245 points at 26,816 and the Nifty gave off 63 points to close at 8,042.

Indian stock market and companies daily report (September 16, 2014, Tuesday)

September 16, 2014, Tuesday
Indian markets are expected to open negative tracking SGX Nifty and Asian markets. U.S. markets largely turned in a lackluster performance during trading on Monday, as traders looked ahead to the Federal Reserve's monetary policy announcement later this week. European markets closed slightly lower on Monday, with trade range-bound due to concerns over the upcoming U.S. Federal Reserve policy meeting and Scottish independence vote.

US stock market daily report (September 15, 2014, Monday)

September 15, 2014, Monday
Documents obtained from U.S. poultry firms have found they are raising and/or selling chickens that have been medicated with antibiotics - both for ongoing illnesses as well as on a routine basis. There remains concerns over the impact on human health as well as the potential emergence of resistant superbugs - bacteria resistance to conventional medication. Reportedly, the doses were at low levels that scientists say are especially conducive to the growth of so-called superbugs.

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

September 15, 2014, Monday
The implications of a serious Chinese economic slowdown are reverberating through global markets today, following the lowest Chinese industrial production growth since the depths of the 2008 crisis. European and US equity indices are not down excessively, but there has been a pronounced rotation out of tech and other momentum names and into consumer and utility stocks. As of writing, the DJIA is flat, the S&P500 is down 0.04% and the Nasdaq is down 0.94%.

Indian stock market daily morning report (September 15, 2014, Monday)

September 15, 2014, Monday
Benchmark share indices snapped their three-day losing streak to end marginally higher as investors adopted a wait-and-watch stance ahead of macro economic data due for release later soon. The government will release data on consumer price inflation for August 2014 and industrial production for July 2014 soon. The 30-share Sensex ended higher by 65 points at 27,061 and the 50-share Nifty gained 20 points at 8,106. Shares of Snowman Logistics closed at Rs 78.75 on BSE, a premium of 67.55% over the initial public offer price of Rs 47.00.

Indian stock market and companies daily report (September 15, 2014, Monday)

September 15, 2014, Monday
Indian markets are expected to open negative tracking SGX Nifty and Asian markets. U.S. stocks ended on negative note, as the release of upbeat U.S. retail sales data added to recently renewed concerns about the outlook for interest rates. European stocks failed to rally Friday despite some promising economic news from the euro zone, leaving the major averages lower for the week. Markets remained cautious ahead of next weeks Scottish referendum on independence from the U.K.

US stock market daily report (September 12, 2014, Friday)

September 12, 2014, Friday
Alzheimer's affects over 5 million Americans and it’s projected to soar to 13 million over the next 35 years. There is no cure and Alzheimer's is the most common form of dementia which kills nearly 500,000 Americans every year. Experts are reporting that a simple eye exam or a simple smell test could detect whether people are developing early signs of Alzheimer’s. Alzheimer’s is marked by the accumulation of beta-amyloid "plaques” in the brain.

US stock market, economy and companies update (September 12, 2014)

September 12, 2014, Friday
US equity indices are seeing their fourth consecutive morning in the red as caution continues to dominate markets. As of writing, the DJIA is down 0.11%, the S&P500 is down 0.37% and the Nasdaq is down 0.19%. The August retail sales report was decent, with another month of incremental gains, and the July report was revised up to +0.3% from flat. University of Michigan Confidence sentiment hit a 14-month high in September, which should support expectations for sturdy growth in the third quarter.

Indian stock market daily morning report (September 12, 2014, Friday)

September 12, 2014, Friday
Markets extended losses for the third straight day led by a sell-off in Sun Pharma shares while selling by foreign funds also weighed on market sentiment. The 30-share Sensex ended down 62 points at 26,996 and the 50-share Nifty ended down - points at 8,086. However, the broader markets outperformed the benchmark indices. The BSE Midcap and Smallcap indices ended up 1-1.4% each.

Indian stock market and companies daily report (September 12, 2014, Friday)

September 12, 2014, Friday
Indian markets are expected to open flat tracking SGX Nifty and Asian markets. U.S. stocks ended on a flat note erasing losses, as a rebound in oil offset concerns over escalating geopolitical tension and the timing of possible interest-rate increases. European stocks fell as investors weighed mixed earnings from companies including Ocado (OCDO) Group Plc and Next Plc, while the European Union said that new sanctions against Russia will be enacted tomorrow.

US stock market daily report (September 11, 2014, Thursday)

September 11, 2014, Thursday
This day is deducted to the memory of those who lost their lives 13 years ago on September 11, 2001 amidst the terror attack on the United States of America. At the World Trade Center in New York City, New York; at the Pentagon in Washington, D.C. and a field in Shanksville, Pennsylvania - we shall never forget the day the World was changed forever. The rallying cry from passengers aboard United Flight 93 - 'lets roll' - in an attempt to take over the plane from hijackers to prevent the cowardly terrorists on board, from possibly flying the plane into the White House.

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

September 11, 2014, Thursday
A surprise bump higher in the weekly jobless claims reports is being used as another excuse to sell off stocks this morning, although indices are off their worst levels mid morning. As of writing, the DJIA is down 0.22%, the S&P500 is down 0.23% and the Nasdaq is down 0.19%. The euro keeps stabbing a little higher after the lows seen earlier this week, with today's dollar softness propelled by the bump up in weekly jobless claims. EUR/USD ticked up to the 1.2950 area, which has provided resistance over the last two days.

Indian stock market daily morning report (September 11, 2014, Thursday)

September 11, 2014, Thursday
Markets retreated for the second straight day from record highs on concerns that foreign funds may start trimming their exposure to emerging markets if the US Federal Reserve hikes interest rates sooner-than-expected. Further, the weak rupee also weighed on market sentiment. The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.

Indian stock market and companies daily report (September 11, 2014, Thursday)

September 11, 2014, Thursday
Indian markets are expected to open flat tracking SGX Nifty and Asian markets. U.S. stocks rose led by surge in the technology shares due to rally in Apple Inc. European stocks were on sidelines due to lingering questions on whether the ECB stimulus would kickstart growth prospects. Back home, Indian markets declined, on speculation that US interest rates will rise sooner than estimated.

US stock market daily report (September 10, 2014, Wednesday)

September 11, 2014, Thursday
Published in the journal 'Nature' today - all the chromosomes for the genome sequence and analysis of Gibbon's - led by scientists at Oregon Health & Science University, Baylor College of Medicine Human Genome Sequencing Center and the Washington University School of Medicine's Genome Institute. Scientists now know more about why the Gibbon - a small ape - has a rapid rate of chromosomal rearrangements, providing information that broadens the understanding of chromosomal biology.

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

September 10, 2014, Wednesday
European and US equities have seen volatile, indecisive trading this morning. As of writing, the DJIA is down 0.12%, the S&P500 is down 0.18% and the Nasdaq is up 0.09%. Crude just keeps tumbling lower, with the front-month WTI contract dropping firmly to th e$91 handle this morning, helped higher by OPEC trimming its world oil demand growth forecast in its September data and the DoE report showing much higher than expected gasoline and distillate stockpiles.

Indian stock market daily morning report (September 10, 2014, Wednesday)

September 10, 2014, Wednesday
Benchmark share indices ended lower on Tuesday, amid weak European cues, as investors turned cautious and booked profits at higher levels after they hit fresh record highs in the previous session. The 30-share Sensex ended down 55 points at 27,265 and the 50-share Nifty closed 21 points lower at 8,153. Shares of three organised retailers lost 0.88% to 1.43 on BSE after Commerce Minister Nirmala Sitharaman reportedly said on Monday, - September 2014 that the government will not allow foreign direct investment in multi-brand retail.

Indian stock market and companies daily report (September 10, 2014, Wednesday)

September 10, 2014, Wednesday
Indian markets expected to open in the red tracking SGX Nifty and Asian markets. U.S. stocks fell as concerns grew that the Federal Reserve may raise interest rates sooner than anticipated. European stocks declined marginally on comments that the interest rates are expected to inch up given the better than expected recovery. Back home, Indian markets declined, as dollar rose on speculation US interest rates may rise faster than anticipated.

US stock market daily report (September 09, 2014, Tuesday)

September 9, 2014, Tuesday
Carbon dioxide rose to global concentrations of 396 parts per million in 2013, for the biggest year-to-year change in three decades - per the World Meteorological Organization [WMO]. The increasing level of the gas is known to be transforming Earth, per the report. On Tuesday, WMO Secretary-General Michel Jarraud said, "We know without any doubt that our climate is changing and our weather is becoming more extreme due to human activities such as the burning of fossil fuels. Time is not on our side, for sure.”

US stock market, economy and companies update (September 09, 2014)

September 9, 2014, Tuesday
The S&P500 pushed back toward the lows seen last Friday this morning as advances above the key 2000 level continue to be met with plenty of technical blowback. As of writing, the DJIA is down 0.49%, the S&P500 is down 0.39% and the Nasdaq is down 0.38%. Sterling hit fresh nine-month lows today, sinking as low as 1.6070 as traders considered the implications of possible Scottish independence. Credit Suisse wrote that GBP/USD could fall as low as 1.50 if Scotland votes for independence.

Indian stock market daily morning report (September 09, 2014, Tuesday)

September 9, 2014, Tuesday
Markets staged a smart recovery in today's session, to ease past the losses over the last two trading days, on way to set a new record high for both the Sensex and Nifty. The gains were on account of broad based buying and crude dropping below $100 a barrel. The sentiment was bettered after Goldman Sachs raised its Nifty target to 9,000 points for September 2015. Its previous target was 8,600 points for June 2015.

Indian stock market and companies daily report (September 09, 2014, Tuesday)

September 9, 2014, Tuesday
Indian markets expected to open on flat note tracking SGX Nifty and Asian markets. U.S. stocks fell led by decline in the energy companies due to fall in the crude prices. European stocks fell on concerns relating to Scotland after a poll showed that for the first time majority of the voters favor independence for Scotland.

US stock market daily report (September 08, 2014, Monday)

September 8, 2014, Monday
A one-sentence statement said it all, "The Baltimore Ravens terminated the contract of RB Ray Rice this afternoon." Rice, a three-time Pro Bowl running back, was entering his seventh National Football League season with the Ravens. In 2012, Rice signed a five-year, $35 million contract with the Ravens and helped Baltimore win the Super Bowl at the end of that season. Release of a new video from inside an elevator at a casino in Atlantic City, New Jersey showed Rice punching his then-fiance Janay Palmer during an argument, resulting in her falling to the floor unconscious.

US stock market, economy and companies update (September 08, 2014)

September 8, 2014, Monday
European markets have spent most of the morning in the red, providing plenty of negative momentum for US equity futures. Meanwhile, sovereign yields have taken a step lower. As of writing, the DJIA is down 0.29%, the S&P500 is down 0.25% and the Nasdaq is up 0.08%. UK financial markets are unsettled at the prospect of Scotland voting for independence on September 18th. One poll out this weekend put the "Yes" (to independence) camp ahead of the "No" option for the first time, driving a sharp selloff in the pound, as well as the shares of big banks and other financial firms based in Scotland or with significant Scottish operations.

Indian stock market daily morning report (September 08, 2014, Monday)

September 8, 2014, Monday
Markets extended losses for the second day, amid weak global cues, with HDFC Group shares leading the decline even as IT majors gained after huge overseas orders. The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 9 points to close at 8,087. The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained between 0.4-1.2%

Indian stock market and companies daily report (September 08, 2014, Monday)

September 8, 2014, Monday
Indian markets expected to open on flat note tracking SGX Nifty and Asian markets. U.S. stocks rose for a fifth week, as investors speculated weaker jobs growth will prevent the Federal Reserve from raising rates sooner than anticipated. European stocks fell on investor concern that the latest European Central Bank stimulus measures aren't enough to spur the economic recovery. Back home, Indian market ended negative after a volatile trading session, on concern that strong dollar could lead to spur in capital outflow from emerging markets.

US stock market daily report (September 05, 2014, Friday)

September 5, 2014, Friday
On Sunday September 7 around 2:15 p.m. ET, a 60-foot-wide Near Earth Asteroid [NEO] named 2014 RC will swoosh by the Earth, just 25,000 miles away. Comparing in size, 2014 RC is similar to the Chelyabinsk meteorite that exploded over Russia’s Ural Mountains region in February 2013. We have communication and weather satellites orbiting at 22,300 miles so, that's pretty damn close to them. Both the Catalina Sky Survey and Pan-STARRS 1 survey telescope atop Mt. Haleakala in Maui discovered 2014 RC at magnitude +19 around September 1.

US stock market, economy and companies update (September 05, 2014)

September 5, 2014, Friday
The August jobs report was a disappointing miss, however analysts and participants seem to agree that it will hardly derail the sense of acceleration in the US economy. Global equities have been pretty soft since the Asia session, and as of writing the DJIA is down 0.27%, the S&P500 is down 0.25% and the Nasdaq is off 0.36%. Today's nonfarm payrolls data - the lowest figure in 2014 so far - breaks a six-month stretch of 200K+ monthly gains, the longest run seen since the late 1990s. Commentators note that the August data has the greatest chance of being revised higher.

Indian stock market daily morning report (September 05, 2014, Friday)

September 5, 2014, Friday
The BSE Sensex on Tuesday surged past 27,000 to a third consecutive record high as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy. The milestone comes a day after the broader Nifty surpassed the 8,000 level for the first time, providing a further psychological lift that has made India the best performer this year in dollar terms in Asian equities. The 30-share BSE Sensex rose as much as 0.8 per cent to a record high of 27,082.85 before ending 0.57 per cent higher at 27,019.39.

Indian stock market and companies daily report (September 05, 2014, Friday)

September 5, 2014, Friday
Indian markets expected to open on flat note tracking SGX Nifty and Asian markets. U.S. stock fell for the third day as energy producers sank with oil prices to overshadow new stimulus from the European Central Bank. European stocks rose as ECB surprised with decision to cut interest rate as well as start buying securitized debt brought investors out from the sidelines.

US stock market daily report (September 04, 2014, Thursday)

September 4, 2014, Thursday
Advertisements for prescription gels like Androgel and Fortesta which promised relief to men for a condition linked to low libido, fatigue and weight gain, known as 'Low-T' [low testosterone] - are facing intense scrutiny from the Food and Drug Administration. On Wednesday, the FDA released a report that indicates there is little evidence that testosterone-boosting drugs, such as those mentioned, are beneficial to the millions of men who take them.

US stock market, economy and companies update (September 04, 2014)

September 4, 2014, Thursday
Super Mario made a bold move to forestall Eurozone deflation this morning, cutting rates and teeing up an asset purchase program. Markets loved the news and European equity indices (with the exception of the FTSE) are up sharply and looking to close at their highs, while sovereign yield curves have steepen notably. As of writing, the DJIA is up 0.37%, the S&P500 is up 0.45% and the Nasdaq is up 0.59%.

Indian stock market daily morning report (September 04, 2014, Thursday)

September 4, 2014, Thursday
Benchmark share indices continued their record breaking spree to end at record closing highs led by IT stocks amid upbeat US economic data while the cease fire agreement between Russia and Ukraine boosted sentiment in the latter half of the trading session. The 30-share Sensex ended at 27,140 levels up by 121 points after hitting a record high of 27,225.85 and the 50-share Nifty closed at 8,115 levels up by 32 points after hitting a record high of 8,141.90.

Indian stock market and companies daily report (September 04, 2014, Thursday)

September 4, 2014, Thursday
Indian markets expected to open on flat note tracking SGX Nifty and Asian markets. U.S. stock-index futures extended gains as Russian President Vladimir Putin and his Ukrainian counterpart Petro Poroshenko agreed on a cease-fire. European stocks rose as Russia and Ukraine agreed on the steps needed for a truce, and a worse-than-forecast euro-zone purchasing managers' index stoked speculation that the area's central bank will increase stimulus.

US stock market daily report (September 03, 2014, Wednesday)

September 3, 2014, Wednesday
For the first time in seven years, annual vehicle sales in the U.S. is expected to top 17 million. Vehicle sales are predicted to grow by 5.5% for year 2014 - striking the slowest growth pace since the financial crisis in 2007. Auto manufacturers have cut costs and are better positioned to handle a downturn, compared to their position during 2008 and 2009. Since 2013, vehicle discounts have increased by 5.5%. Discounts are rising and auto loans can now be booked up to seven-year - even for some buyers who would have been turned down in the past. Car manufacturers are resorting to tactics that could potentially lead to trouble down the road.