Markets


Dow closes at record high; other stock market indexes mixed
- November 12, 2016

The government's stance on fiscal stimulus, low tax rates, and change in some financial regulations is leading to the bullish sentiments. Investors pulled out of Treasuries this week, sending bond yields higher. Markets in Asia fared better. Japan's benchmark Nikkei 225 index rocketed 6.7 percent after sliding more than 5 percent the day before. The stock added $5.36 to $51.06. (more...)
2nd night of anti-Trump protests in NYC
- November 12, 2016

Initially, the directive was just for Election Night, but now that Trump won, it's being extended until Trump walks into the White House on Inauguration Day. "There's no question the name Trump and all the properties associated with him, even in Florida and Chicago and Washington D.C., raise the profile and require a careful risk and vulnerability assessment", Davis said. (more...)
Trump Signals Flexibility on Obamacare, Citing Oval Office Talk
- November 12, 2016

His voters have said they are "watching" Trump to see if he acts on his campaign promises and are expecting a quick repeal of Obamacare. But Republicans would still need 60 votes to get rid of remaining sections of the law - including popular provisions such as allowing young people to stay on their parents' health insurance until age 26 and preventing insurance companies from not covering people with pre-existing conditions. (more...)
Singles Day: Alibaba Sales Skyrocket
- November 12, 2016

Today - 11/11 - is "Singles Day" in China, the holiday when online retail giant Alibaba encourages single people to celebrate and buy presents for themselves. Launched in 2009, Alibaba's version of the event was created to encourage consumers without a partner to treat themselves. It had overtaken the 2014 figure by 6:54am, the firm said, with rival e-commerce giant JD.com Inc (京東), which focuses more on electronics, similarly receiving more orders by 9:14am than it had done on the whole ... (more...)
Some Canadian residents left with worthless cash after Indian rupee cancellation
- November 12, 2016

Delhiites found it hard in paying for their household items, essential commodities and vegetables as they ran out of their savings of small currencies. Retailers and wedding planners say they have been inundated with frantic calls from people looking to bring forward large-item purchases from anyone willing to accept the old notes. (more...)
Dow surges 218 points to a record close Dow surges 218 points to a record close
- November 12, 2016

Emerging-market stocks looked to be some of cheapest in the world, based on their prices relative to their earnings, and the recent declines make them look only cheaper. European stocks hit a two-week high, with the pan-European index up 1.3 per cent in early dealings before trimming gains to around 0.7 per cent. Traders also bid up shares in defense contractors, anticipating the companies will thrive under a Trump presidency. (more...)
Xbox One outsells PlayStation 4 for the fourth month in a row Xbox One outsells PlayStation 4 for the fourth month in a row
- November 12, 2016

The bundle comes with Forza Horizon 3 and then the choice of one of the following games; Forza Motorsport 6, Rise of the Tomb Raider , Gears of War: Ultimate Edition or Rare Replay. Are you considering to get one of these bundles? If you are in the market for another Xbox One S bundle, Amazon is your destination. The Store has been already unified across the two distinct platforms, with Xbox and Windows users alike browsing the same medium. (more...)
The Xbox One S is Australia's best selling console (since August)
- November 12, 2016

For one, sources tell us that Microsoft India is keen to have it supplant the Xbox 360 controller that's been a mainstay for PC gamers for nearly a decade in India. In the case of Uncharted 4 PS4 Slim bundle, you will be able to get $75 additional Kohl's cash. You can also add people to the group and dynamically change the conversation topic. (more...)
USA stocks open lower as post-election rally stalls
- November 12, 2016

The Dow Jones industrial average reached a new all-time intraday of 18,875.7, and settled over 200 points higher, with Goldman Sachs and IBM contributing the most advances for 34 pts and 53 pts, respectively. TRUMP EFFECT: Investors are gauging the possible implications of policy changes that may come about when the Trump administration takes office in January, including tax cuts, infrastructure spending and deregulation. (more...)
Financials Lift S&P 500 Futures Higher Financials Lift S&P 500 Futures Higher
- November 12, 2016

The weakness in emerging markets dented European stocks, with Europe's index of leading 300 shares off 0.7 percent. A rally sparked by Donald Trump's surprise victory in the US presidential election, that also powered the Dow to a record high, sputtered on Friday as energy and healthcare stocks came under pressure. (more...)
UFC 205: McGregor 'focusing on history,' Alvarez predicting 2-round victory UFC 205: McGregor 'focusing on history,' Alvarez predicting 2-round victory
- November 12, 2016

Conor McGregor looked he may have strolled straight off a NY fashion show catwalk in his white Gucci mink coat as he raised a steel chair high over his head and took aim on Eddie Alvarez's skull. NY stripped the "no shirt, no shoes, no service" sign down and UFC stormed in with perhaps the most loaded card in the promotion's history. With a ideal 23-0 record in professional MMA , Khabib Nurmagomedov is the sport's hottest rising star right now. (more...)
Behind the smiles, tough reality for Trump and GOP Congress
- November 12, 2016

The president-elect can come to Capitol Hill, as he did on Thursday, and sing in harmony with the GOP leadership about his priorities: jobs, immigration, repealing Obamacare, and taxes. Selene Colburn and Brian Cina, both Progressive-Democrats, were elected to fill seats vacated by Pearson and Democrat Kesha Ram, who left the Legislature to run for lieutenant governor. (more...)
Pipeline company offers to help pay costs to police protests Pipeline company offers to help pay costs to police protests
- November 12, 2016

Tribal leaders said they're anxious the $3.8 billion pipeline could contaminate the region's water supplies and destroy culturally significant sites. "Our pipelines are extremely safe", he said, and much safer than shipping oil by truck or rail. Trump has made scrapping environmental regulations a top priority and North Dakota GOP Congressman Kevin Cramer, a key Trump energy advisor , has said Trump will take particular aim at the Clean Water Act. (more...)
Argentina looks for change in 'mindset' to qualify for WCup
- November 12, 2016

But Paulinho had to wait just four minutes to atone for the miss when he swept home from 12 yards after some poor Argentina defending. Then the Barcelona star scored his 50th goal for Brazil at the end of the first half with an elegant touch in front of the Argentine goalkeeper. (more...)
Friendly stance causing some to publicly destroy their New Balance sneaks
- November 12, 2016

New Balance's take on the presidency has its roots in the issues surrounding the Trans-Pacific Partnership (TPP), a deal between the U.S. and 11 other nations that allows for easier global trade. New Balance and our thousands of employees around the world constantly strive to better our local communities. Bretton subsequently backtracked on his comments, insisting they had been taken out of context, while the company issued a statement saying: "We believe in community". (more...)
Crude Oil Is Weaker Early on November 11 amid Supply Concerns Crude Oil Is Weaker Early on November 11 amid Supply Concerns
- November 12, 2016

The chart above displays the multi-week ~17% price drop in Crude as doubts grow about whether or not OPEC would reach an agreement to cut production on November 28. In September, OPEC members surprised the oil market by agreeing on a deal that would keep the production from the cartel between 32.5 and 33 million barrels per day. (more...)
Japan, India Agree to Strengthen Economic, Energy and Defense Ties Japan, India Agree to Strengthen Economic, Energy and Defense Ties
- November 12, 2016

It is Japan's first such agreement with a non-signatory of the Nuclear Non-Proliferation Treaty (NPT). Civil nuclear cooperation agreement is another significant deal between India-Japan. The Chinese official media warned India might suffer great losses, in terms of trade, from China, if it joins Japan to ask Beijing to abide by the worldwide tribunal's ruling quashing China's claim over the SCS. (more...)
Leonard Cohen was in 'deep pain' caused by cancer Leonard Cohen was in 'deep pain' caused by cancer
- November 12, 2016

Cohen is born in Montreal to a Jewish family of Polish origin. I told you, I told you, told you, I was one of those. "I think it's very hard to pin down exactly what it's about". "Canada and the world will miss him", read the tweet in English and French. One of the most prolific songs of all time , "Hallelujah" was written and performed by the man. (more...)
United States stocks open lower as post-election rally stalls
- November 12, 2016

CMC Markets strategist Michael McCarthy said it appeared a consensus was building that much of Mr Trump's rhetoric during the campaign "was a sales pitch rather than a commitment to act". Its shares lost $4.31 to $47.45. The blue-chip index rose 39.78 points, or 0.2%, to 18847.66. The biggest losers on the FTSE 100 were Fresnillo , down 141p at 1,435p; Randgold Resources , down 430p at 5,955p; Standard Chartered , down 41.80p at 617.2p; and Smiths Group , down 72p at 1,374p. (more...)
European Stocks Pause After Recent Rally
- November 12, 2016

That has particularly given a boost to financial, industrial and health care stocks, while prompting traders to sell consumer goods companies, utilities and phone companies. Yields rise when prices fall. Otherwise, however, markets appeared at peace with a coming Trump presidency, because he is not perceived necessarily as bad for the market necessarily. (more...)

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