Markets


Brexit leader Nigel Farage calls Obama a loathsome creature
- November 18, 2016

The man that many credit for Great Britain's exit from the European Union took time during an interview with talkRADIO to let people know how he felt about the last eight years with Barack Obama leading the United States. Farage, who spoke at Trump rallies and touted the possibility of the billionaire property magnate pulling off a Brexit-style electoral upset, will soon return to the USA and "hopefully" have talks with the president-elect. (more...)
UK Brexit campaigner meets Trump, says he's 'full of good ideas' UK Brexit campaigner meets Trump, says he's 'full of good ideas'
- November 18, 2016

The move highlights the widening gulf between London and the continent over how to respond to the new USA president-elect after a senior German politician warned May was "delusional" if she believed the incoming Republican administration would give the United Kingdom a good trade deal. (more...)
Donald Trump outlines healthcare plan including Obamacare repeal and abortion Donald Trump outlines healthcare plan including Obamacare repeal and abortion
- November 18, 2016

Donald Trump's election ushers in a time of high anxiety for people with health insurance under President Barack Obama's law, which expanded coverage to millions but has struggled to find widespread public acceptance. "This is an un-Republican thing for me to say ", he told CBS's Scott Pelley. Trump's normally fiery rhetoric has been notably toned-down following his electoral victory. (more...)
Gabelli Analysts Lower Earnings Estimates for Sally Beauty Holdings Inc. (SBH) Gabelli Analysts Lower Earnings Estimates for Sally Beauty Holdings Inc. (SBH)
- November 18, 2016

Zacks Investment Research has upgraded Sally Beauty Holdings, Inc . The mean price target is calculated keeping in view the consensus of 11 brokerage firms. Atlanta Capital Management Co Llc, which manages about $16.77B and $14.98 billion US Long portfolio, decreased its stake in Schein Henry Inc (NASDAQ:HSIC) by 147,986 shares to 1.33M shares, valued at $234.61 million in 2016Q2, according to the filing. (more...)
LEGO launches United Kingdom flagship store in Leicester Square LEGO launches United Kingdom flagship store in Leicester Square
- November 18, 2016

Most prominently is the 200,000 brick replica of Big Ben , measuring 6.8 m tall and taking 2280 hours to complete including a working clock face that lights up at night. The new United Kingdom flagship store is the 131st LEGO shop to open across the globe and covers a total of 914 square metres over two floors. Upon entering the store you are immediately greeted by more of the impressive big builds LEGO Store London boasts. (more...)
NetApp, Inc. (NASDAQ:NTAP) Consensus EPS Outlook NetApp, Inc. (NASDAQ:NTAP) Consensus EPS Outlook
- November 18, 2016

The firm shows the market capitalization of $9.69 Billion. NetApp, Inc . recently traded 1.58% above its 50-day simple moving average and went up 24.95% from its 200-day simple moving average. The analysts offering 12 month price targets for NetApp, Inc . have a median target of $31, with a high estimate of $45 and a low estimate of $24. (more...)
Asian Markets Mixed as US Rally Fades, Dollar Retreats Asian Markets Mixed as US Rally Fades, Dollar Retreats
- November 18, 2016

STAY ON TARGET: Retailer Target raised its profit forecast and its sales projections for the third quarter with the holiday season approaching. The ICE U.S. Brent crude, which is used to price worldwide oils, added 19 cents to $46.82 a barrel in London. While the USA bond selloff stalled, oil prices extended gains in Asian deals after rallying almost 6 percent overnight. (more...)
Pakistan becomes 104th country to ratify Paris climate deal Pakistan becomes 104th country to ratify Paris climate deal
- November 18, 2016

Khambule says if Trump wins, "it will bring a greater level of uncertainty" to the process of forging and implementing global climate policy. Donald Trump has called climate change a hoax , and said he would tear up Paris deal to keep global warming below 2 degrees. (more...)
Suncor Energy expects higher production, lower spending in 2017 Suncor Energy expects higher production, lower spending in 2017
- November 18, 2016

JPMorgan Chase & Co. increased their price objective on Suncor Energy from C$39.00 to C$40.00 in a report on Monday, September 12th. Suncor Energy (USA) was Upgraded by Macquarie to " Outperform" on Oct 27, 2016. The company has a market cap of $71.09 billion. The company also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. (more...)
Trump, Ryan Meet to Project GOP Unity After Rocky Campaign Trump, Ryan Meet to Project GOP Unity After Rocky Campaign
- November 18, 2016

If they do so again, trump may readily sign it and which would reduce the budgetary allocation to this programme. And in some cases Republicans themselves might be the barrier. "Quite frankly we can't get started fast enough ... whether it's on healthcare or immigration so many different things". As with Trump's relationship with the media, Trump's favoritism on Capitol Hill will be situational. (more...)
James Harden has 3rd triple-double, Rockets beat Blazers James Harden has 3rd triple-double, Rockets beat Blazers
- November 18, 2016

Factors that were supposed to be a strength of this team - continuity and depth - have yet to materialize. But for all the success Westbrook had on Wednesday night and the potential for a similar eruption when they play host to Portland (7-5), the Rockets stumbled against the Thunder because their offense collapsed in the fourth quarter again. (more...)
What to Look for in Salesforce Earnings What to Look for in Salesforce Earnings
- November 18, 2016

Salesforce (CRM ) and Ross Stores (ROST) gave upbeat forecasts late Thursday, while Gap (GPS) offered a weak earnings forecast after the close. On 02/24/2016, Analysts were suspecting EPS of $0.19/share where salesforce .com, inc. Deferred revenue rose 23 per cent to US$3.50 billion in the third quarter. During the same period in the previous year, the company posted $0.19 earnings per share. (more...)
Prosecutors questions WikiLeaks founder in sex case Prosecutors questions WikiLeaks founder in sex case
- November 18, 2016

This suggests his legal team could challenge the admissibility of the interview as evidence in any future legal action. A statement on behalf of the Swedish prosecutors, quoted by the Press Association, said the investigation would remain confidential. (more...)
Don't cut deals with Russia violating global norms: Obama to Trump
- November 18, 2016

President Barack Obama is sitting down with German Chancellor Angela Merkel for formal meetings in Berlin as part of Obama's sixth and final visit to the nation. Ms Merkel acknowledged that "globalisation. needs to be given a human face" but she stressed that the world must not fall back into pre-globalisation times . (more...)
Huge deposit of untapped oil could be largest ever discovered in US Huge deposit of untapped oil could be largest ever discovered in US
- November 18, 2016

Oil explorers in the US state of Texas say they've discovered the largest deposit of shale oil in a region known as the Permian Basin .The so-called Wolfcamp formation , explorers believe, could hold up to 20 billion barrels of oil, worth up to $900 billion . (more...)
Oil prices rise on falling shale output, renewed hopes of OPEC cut Oil prices rise on falling shale output, renewed hopes of OPEC cut
- November 18, 2016

The target is anchored on reform in the Nigerian oil sector, the quick resolution of unrest in the Niger Delta and an inflow of foreign investment in the range of $100 billion, the ministry said in the document. Dollar strength and rising USA yields have fueled capital outflows from emerging markets. "While there may well still be an OPEC deal outcome in Vienna this month, it is expected to fall short of what is required to really kick-start the rebalancing process", said Harry ... (more...)
Mexico Raises Benchmark Interest Rate Half Point to 5.25 Mexico Raises Benchmark Interest Rate Half Point to 5.25
- November 18, 2016

Thee high estimate is for a rise to 5.75% but most estimates center around a 50 basis point rise. "It is still very early to know what could be the effect of the new policies of President-elect Trump", he said. On Thursday evening, Central Bank Governor Agustin Carstens said after an event with Finance Minister Jose Antonio Meade that the bank would work to keep those fundamentals solid " because this is key to anchoring the exchange rate". (more...)
No plan to reissue Rs 1000 note, ATMs being recalibrated: FM Jaitley No plan to reissue Rs 1000 note, ATMs being recalibrated: FM Jaitley
- November 18, 2016

The minister firmly ruled out any reconsideration of the demonetisation decision. "Honesty, integrity and ethical conduct are requirements of India's development", said Jaitley's Facebook cover photo. "One member of the family, be it father or mother can withdraw upto Rs 2.5 lakhs for a wedding", Das. Earlier in the day, the government announced a reduction in the one-time exchange limit of Rs 4,500 to Rs 2,000 to stop misuse. (more...)
Labor board declares Illinois contract talks at impasse Labor board declares Illinois contract talks at impasse
- November 18, 2016

A statement from Rauner's office sounded like the state was satisfied with the labor board's ruling. Rauner's office says his plan saves $3 billion. The union has said that offer would in effect freeze pay while doubling health care costs for state employees. "The only way we get out of this is to grow our tax base by keeping jobs here, and we're having troubling, I think, connecting those dots", she said. (more...)
Markets braced for day of volatility Markets braced for day of volatility
- November 18, 2016

Dow futures are 1.6 percent lower at 17,991 while the broader S&P 500 futures were down 1.7 percent at 2,100. Gold futures and sovereign bonds have soared as investors flock to safe haven assets. Canada's most closely watched stock index showed only a moderate loss in early trading. The Hang Seng in Hong Kong finished 2.2% lower and the Shanghai Composite lost 0.6%. (more...)