October 2018 - Page 200 of 262 -

New Downtrend Or Just Downward Correction?

Oct 08, 2018 Jeremy Parkinson Finance 0

The U.S. stock market indexes lost 0.6-1.1% on Friday, extending their recent decline, as investors reacted to the monthly jobs data release. The S&P 500 index has reached its late January local high of around 2,873, before closing above the level of 2,885. It currently trades 1.9% below September the 21st record high of 2,940.91. The Dow Jones Industrial […]

Billion Dollar Unicorns: Profitable PolicyBazaar Focuses On Health, Delays IPO

Oct 08, 2018 Jeremy Parkinson Finance 0

According to a NASSCOM-KPMG report, the Indian FinTech market is expected to grow at a CAGR of 22% to be worth $2.4 billion in 2020 and is a hot favorite for VC funding. PolicyBazaar is a recent entrant to the Billion Dollar Unicorn Club, thanks to the $200 million infusion from Softbank. PolicyBazaar’s Offerings PolicyBazaar was founded […]

Energy Report: Wavering

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

Oil Prices are wavering as reports surface that the U.S. is still considering waivers to some countries so that they can buy oil from Iran without the fear of retribution from the United States. This comes as global stock markets look shaky as rising yields and concerns around Italy and other emerging markets are sending […]

Morning Call For Monday, Oct. 8

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.20%) this morning are down -0.29% and European stocks are down -0.83% at a 3-week low as Italian bank stocks slumped and government bond yields soared after the European Commission rejected the Italian government’s plan for a wider budget deficit. The yield on Italy’s 10-year bond rose to […]

Commodities Posted Lone Gain Last Week For Major Asset Classes

Oct 08, 2018 Jeremy Parkinson Finance 0

With the exception of broadly defined commodities, all the major asset classes lost ground in the first week of October, based on a set of exchange-traded products. Stocks in emerging markets suffered the biggest setback among widespread losses in global markets. The iPath Bloomberg Commodity (DJP), by contrast, had a good week over the five trading days […]

WTI Crude Oil And Natural Gas Forecast – Monday, Oct. 8

Oct 08, 2018 Jeremy Parkinson Finance 0

WTI Crude Oil The WTI Crude Oil market went back and forth during the trading session on Friday after the jobs number, as the $75 level seems to be a bit too much. Ultimately, I think that if we break down below the lows of both the Thursday and Friday sessions, we will probably pull […]

China And European Woes Weigh On Equities But Buoy The Dollar

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

Overview: The markets are having a rough adjustment to the return of the Chinese markets are the week-long holiday. The cut in the required reserves failed to lift investor sentiment. The Shanghai and Shenzhen Composites fell almost 4%, and the yuan slid nearly 0.8%. It is an unusually large decline for the closely managed currency. The […]

IMF May Downgrade Global Growth This Week

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

China’s PMI fell further in September, short AUD/USD? China’s PMI shows downward pressures from the external sector will become more intensive US employment data for September fell to its lowest level in a year even though unemployment rate dropped to a level not seen in almost 50 years. Nonfarm payrolls rose just 134,000, well below […]

Italian Stocks, Bonds Collapse After EU Rejects Rome’s Budget Plans

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

Italian stocks tumbled with the FTSE MIB dropping 2.3% – the worst performer among major European markets on Monday – and hitting its lowest level since April 2017, while the country’s bonds plunged to the lowest level since February 2014 amid what now appears to be an inevitable showdown between Italy and the EU, after […]

The New World

Oct 08, 2018 Jeremy Parkinson Finance 0

Traditional Markets We’d like to wish all of our colleagues and clients in the United States a very happy Columbus Day. Today is also a national holiday in Japan and Canada so we can expect volumes to be a bit light, especially in the afternoon. China, on the other hand, is just coming back from […]