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US stock market, economy and companies update (August 01, 2014)

August 1, 2014, Friday
Trading is pretty choppy this morning as participants evaluate the July jobs and PCE inflation data, but yesterday's overall slide lower has been arrested. As of writing the DJIA is down 0.15%, the S&P500 is flat and the Nasdaq is down 0.20%. The July US jobs report was not quite as strong as expected, however by any measure the employment situation remains headed in the right direction. Non-farm payrolls were up by 209K, less than expected and below June's 288K figure. Payroll gains averaged 277K for the second quarter and 230K for the first half of 2014, and today's number makes for the longest 200K+ streak of payroll gains since the mid-1990s.

Indian stock market daily morning report (August 01, 2014, Friday)

August 1, 2014, Friday
Markets succumbed to selling pressure in late trades, amid huge volumes, with financial shares leading the decline following the expiry of July derivative contracts. Further, sales by foreign funds also weighed on sentiment. The 30-share Sensex ended 192 points down at 25,895 and the 50-share Nifty closed 70 points lower at 7,721. Volumes were large because of the expiry of July derivative contracts. Total market turnover stood at Rs 6.79 lakh crore, the third highest so far.

Indian stock market and companies daily report (August 01, 2014, Friday)

August 1, 2014, Friday
Indian markets expected to open on negative note tracking SGX Nifty and the Asian markets. US stock indices closed on negative territory after employee compensation costs increased by more than expected in the second quarter. Sell-off in the markets was also aided by ongoing conflicts in Ukraine and Gaza. European stocks declined the most in three weeks as Adidas AG lowered its profit forecast and Banco Espirito Santo SA led a fall in Portuguese equities market.

US stock market daily report (July 31, 2014, Thursday)

July 31, 2014, Thursday
It is not about complex virology and genotyping of scientists involved in the deadly Ebola virus in West Africa, its all about how highly contagious 'microbes' - like humans - use planes, bikes and taxis to spread. Basically, these deadly microbes could be currently infecting all forms of transportation. Microbes are single-cell organisms so tiny that millions can fit onto the eye of a needle. That is seriously small. They are also the oldest form of life on earth.

US stock market, economy and companies update (July 31, 2014)

July 31, 2014, Thursday
The potential Argentina default, hawkish notes in the FOMC statement and caution ahead of tomorrow's July jobs report are all giving participants reasons to sell this market. The DJIA is down triple-digits, down 1.1%, the S&P500 is off even more, down 1.4%, and the Nasdaq is leading the charge lower, down 1.6%. Regional factory reports out today have been mixed. The Chicago July PMI fell ten points to a 13-month low of 52.6, while the Milwaukee July PMI moved in the opposite direction, gaining 3.3 points.

Indian stock market daily morning report (July 31, 2014, Thursday)

July 31, 2014, Thursday
Markets staged a recovery in late trades to end higher, ahead of the expiry of July derivative contracts, as gains in private banking majors helped offset losses in capital goods major L&T. The S&P BSE Sensex gained nearly 0.4% or 96 points at 26087 level while the CNX Nifty edged higher by 42 points or 0.5% at 7,791.40 level. ITC closed 0.56% up at Rs 363.00 on BSE after the company reported 15.6% rise in net profit to Rs 2,186.39 crore on 24.54% rise in total income to Rs 9,482.84 crore in Q1 June, 2014 over Q1 June, 2013.

Indian stock market and companies daily report (July 31, 2014, Thursday)

July 31, 2014, Thursday
Indian markets expected to open on negative note tracking SGX Nifty and most of the Asian markets. US market closed mixed bagged on account of Q2 GDP data. Data also fueled speculation that Fed could begin raising interest rate sooner than previously anticipated. European stocks fell as worse-than-forecast earnings from companies including Schneider Electric SE and Holcim Ltd. This overshadows a better-than-expected U.S. GDP growth report.

US stock market daily report (July 30, 2014, Wednesday)

July 30, 2014, Wednesday
The U.S. Senate voted on a temporary fix for the multibillion-dollar shortfall in federal highway and transit programs, approving $11 billion in funding on Wednesday. On Tuesday, the Senate rejected the House's reliance on what lawmakers called a funding gimmick, forcing a post-election debate on whether to raise gasoline taxes, after voting to keep federal highway money flowing to states into December. Just last week, the House passed a $10.8 billion bill that would have kept the federal Highway Trust Fund (HTF) solvent through May 2015 with a vote of 66-31 to strip out controversial funding provisions, leaving $8.1 billion.

US stock market, economy and companies update (July 30, 2014)

July 30, 2014, Wednesday
Market participants are looking past the excellent showing in the first reading of second quarter US GDP at other problem areas this morning. The ADP jobs data was uninspiring, raising fears about Friday's July payrolls data. The GDP data depended heavily on big, unsustainable inventory builds. And rumors that the G7 would publish a statement on Russia later today are also on traders' minds.

Indian stock market daily morning report (July 30, 2014, Wednesday)

July 30, 2014, Wednesday
Markets, on Monday, extended losses amid profit taking as lack of buying interest by institutional investors dragged the BSE benchmark index below 26,000. Weakness in RIL, ICICI Bank, Tata Motors and ONGC weighed on the indices heavily. For the day, the Sensex was down 136 points at 25,991 and the Nifty gave off 42 points to trade at 7,749. The broader markets underperformed as both the mid and smallcap indices were down 0.4-0.7%.

Indian stock market and companies daily report (July 30, 2014, Wednesday)

July 30, 2014, Wednesday
Indian markets expected to open on positive note tracking SGX Nifty and most of the Asian markets. US market fell as President Barack Obama announced new sanctions against Russia and warned its actions in Ukraine are "setting back decades of progress," snuffing out earlier gains led by telephone stocks. European markets ended positive following a two-day decline, as companies including Ferrovial SA and Next Plc reported better-than-expected results.

US stock market daily report (July 29, 2014, Tuesday)

July 29, 2014, Tuesday
Ratification of the Twenty-First Amendment on December 5, 1933 ended Nationwide Prohibition of alcohol in the USA. Advocates of alcohol began in the 1830's. Prohibition began during the 1920's, a time when bootleggers began rising up as well. Nationwide Prohibition of Marijuana is on the brink in the USA with strong advocates rising up, voicing their opinions. Scientists and medical professionals agree with proof that alcohol and tobacco do more harm on individuals and society, than marijuana.

US stock market, economy and companies update (July 29, 2014)

July 29, 2014, Tuesday
Trading has been volatile this morning as participants react to a variety of positive and negative earnings reports out of major names, the EU sanctions on Russia, trouble for Portugal's BES and the very good US confidence data. As of writing, the DJIA is flat, the S&P500 is up 0.10% and the Nasdaq is up 0.20%. The Conference Board's July consumer confidence reading soared to 90.9, the highest level in the series since October 2007. This is the third monthly rise in a row and the biggest beat in 13 months.

US stock market daily report (July 28, 2014, Monday)

July 28, 2014, Monday
During a round-table discussion on Monday, led by chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, Representative Scott Garrett (R-NJ), several of Wall Street's biggest players are calling for reforms to the maker-taker fee model. Trading fees are known for distorting markets and the increased use of dark pools. The call is being hailed by major Wall Street executives and when the big wigs talk, its time for a change. Maker-taker fees are driving more trading action into unregulated dark pools so takers can avoid the costs.

US stock market, economy and companies update (July 28, 2014)

July 28, 2014, Monday
Participants appear to be positioning themselves conservatively ahead of the first reading of second-quarter GDP on Wednesday. Equity indices did well in Asia trading and were pretty flat in Europe ahead of the US open, but have tracked the decline in US stocks. The yield on the 10-year UST has come in and is not too far above its May low of 2.438%. As of writing, the DJIA is down 0.27%, the S&P500 is down 0.45% and the Nasdaq is down 0.53%.

Indian stock market daily morning report (July 28, 2014, Monday)

July 28, 2014, Monday
Benchmark share indices ended their eight-day winning streak on profit taking after they hit fresh all-time highs in the previous session even as selective buying was seen in defensive pharma and FMCG shares. The 30-share Sensex ended down 145 points at 26,127 and the 50-share Nifty closed 40 points lower at 7,790. Four organised retailers fell by 1.24% to 4.97% on BSE on reports the government has not decided its stance to allow foreign direct investment in the retail sector.

Indian stock market and companies daily report (July 28, 2014, Monday)

July 28, 2014, Monday
Indian markets expected to open on flat note tracking SGX Nifty and most of the Asian markets. US market started under pressure remaining firmly negative till the end of the session. This was due to partly due to the negative reaction on the earnings, leads to profit booking by the traders. Additionally, the worries about the situation in Ukraine and New Ukrainian PM resignation also weighed on the markets on Friday.

US stock market daily report (July 25, 2014, Friday)

July 28, 2014, Monday
The U.S. Department of Agriculture said on Friday that drought conditions in California as well as other states could drive prices even higher for fresh produce and beef. During 2014, 7 million piglets died from a virus resulting in a forecasted increase for pork prices of nearly 11%, by the USDA. For 2014 the USDA is forecasting an increase by 9% for wholesale beef prices although, rising imports are helping to offset some of the decline in domestic supplies.

US stock market, economy and companies update (July 25, 2014)

July 25, 2014, Friday
The weak July German IFO survey and reports of fresh EU sanctions on Russia are being blamed for the steep declines in European indices. Skepticism about the June durables report has further dampened sentiment in the US session. As of writing, the DJIA is down 0.90%, the S&P500 is down 0.30% and the Nasdaq is down 0.76%. The June durables data were stronger than expected across the board, with the exception of capital shipments non-defense/ex-aircraft (core capital goods).

Indian stock market daily morning report (July 25, 2014, Friday)

July 25, 2014, Friday
Markets maintained winning streak for the eight straight session to end at record closing highs with metal shares rallying the most on the back of upbeat economic data from China. Further, the Cabinet approval for 49% foreign investment in insurance companies through the FIPB route also aided sentiment. The 30-share Sensex ended at 26,272 up 125 points and the 50-share Nifty ended at 7,831 up by 35 points.

Indian stock market and companies daily report (July 25, 2014, Friday)

July 25, 2014, Friday
Indian markets expected to open on flat note tracking SGX Nifty and mixed global cues. US markets ended flat even though the jobless claims fell to eight year low. The markets were choppy due to bigger drop in new home sales. European markets continued the rally due to better PMI data and also lower concern of sanction on Russia. Back home, Indian markets ended positive at an all-time high on expectation of major reforms and also better ChinaRs.s PMI data. Meanwhile, the government has approved 49% FDI in insurance and will take structural reforms in the coming months.

US stock market daily report (July 24, 2014, Thursday)

July 24, 2014, Thursday
National Aeronautics and Space Administration (NASA) is soliciting for a commercially owned and operated satellite network on Mars. On NASA's procurement website, viewers could read the following pertaining to Mars, “There is a potential communications gap in the 2020s.” The network may be the ultimate in long-distance telephone service - hate to pay those roaming charges! The solicitation added, “With that in mind, NASA is interested in exploring alternative models to sustain and evolve the Mars relay infrastructure."

US stock market, economy and companies update (July 24, 2014)

July 24, 2014, Thursday
US equity trading has been choppy this morning as major earnings and some surprising US data keep participants on their toes. As of writing, the DJIA is up 0.10%, the S&P500 is up 0.17% and the Nasdaq is up 0.13%. Weekly jobless claims took an unexpectedly big dip, with initial claims falling to their lowest level since the beginning of 2006. The four-week average dropped to a seven-year low. Analysts warned of seasonal distortions for the big slide, although hawkish analysts took it as just another piece of evidence that Fed tightening would be needed sooner rather than later.

Indian stock market daily morning report (July 24, 2014, Thursday)

July 24, 2014, Thursday
Benchmark share indices gained for the seventh straight session to end at record closing highs on Wednesday amid renewed buying interest in IT majors. Meanwhile, the benchmark Nifty also touched fresh all-time high of 7,809.20 in intra-day trades. The S&P BSE Sensex gained 122 points and ended at 26147.33 while the CNX Nifty ended 2- points higher at 7,795.75.

Indian stock market and companies daily report (July 24, 2014, Thursday)

July 24, 2014, Thursday
Indian markets are expected to open on a negative note tracking negative opening on SGX Nifty. US market closed mixed bagged on account of earnings season. The concern about conflicts in Ukraine still persist which lead to volatile session in the markets. European Markets closed positive on the hopes of easing tension in Ukriane and Gaza. However, markets neglected the potential sanction against Russia even though situation still remains tensed.

US stock market daily report (July 23, 2014, Wednesday)

July 23, 2014, Wednesday
An investigation by NBC News uncovered a startling fact that many GPS monitoring alerts go unanswered by police or parole officers. Across the USA, when high-risk criminals or violent offenders are released from prison, many are forced to wear ankle bracelets with GPS monitoring. Depending on the crime committed, for example convicted rapists and child predators, when they cross into an area prohibited to them, an alarm goes off - alerting police and parole officers of their illegal movement. These are the alarms that are going unanswered and the results can be tragic. The investigation has literally found officers asleep at the 'wheel' and ignoring the alarms.

US stock market, economy and companies update (July 23, 2014)

July 23, 2014, Wednesday
US equities are making modest gains this morning, driven higher by a broad spectrum of earnings reports. Note that the S&P500 traded right up to its all-time high level in the first hour of trade. As of writing, the DJIA is flat, the S&P500 isup 0.23% and the Nasdaq is up 0.48%. The situation in eastern Ukraine remains very tense this morning. Two more Ukrainian fighter jets have been shot down by the rebels, possibly from locations inside of Russia. Meanwhile there have been reports of Russian military exercises on Ukraine's northern border and of an emergency Duma meeting.

Indian stock market daily morning report (July 23, 2014, Wednesday)

July 23, 2014, Wednesday
Benchmark share indices firmed up in late trades to end near their day's highs with the Sensex closing above 26,000 for the second time amid a rally in telecom shares and renewed buying interest in Reliance Industries and HDFC Group shares. Foreign institutional investors which have remained net buyers in the previous four sessions also aided sentiment.

Indian stock market and companies daily report (July 23, 2014, Wednesday)

July 23, 2014, Wednesday
Indian markets are expected to open on a positive note tracking positive opening on SGX Nifty along with positive global cues. US markets closed on positive side backed by the better home sales and economic data. Better inflation numbers further helped the rally. European market also ended higher as Ukraine rebellions started co-operating by handing over the black box of Malaysian airlines for further investigation.

US stock market daily report (July 22, 2014, Tuesday)

July 22, 2014, Tuesday
Data shows that the U.S. housing market is showing evident signs of an increase for the recovery from the housing market crisis. As reported on Tuesday by the National Association of Realtors, existing home sales during June increased by 2.6% to an annual rate of 5.04 million units. The number of houses for sale during June rose to 2.3 million for the highest level seen since August 2012. The number also represents an increase by 6.5% compared to June 2013.

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.