Author Archive: Jeremy Parkinson
Is It Time To Start Taking Profits In Junk Bonds?
The Federal Reserve is expected to raise interest rates again later this month, but if that’s another signal that headwinds are building for fixed-income securities the warning isn’t resonating in the junk bond market these days. The crowd’s appetite for below-investment-grade US debt remains strong in the eighth year of a US economic expansion. By […]
E Markets: Reactions
If yesterday was about Brazil election risks and China reaction to US tariffs, then today is also one about reactions just to different headlines. Economic news overnight was light and dark – Australian consumer confidence fell sharply due to mortgage hikes and politics, Korea unemployment jumps to 4.2% with KRW grazing near 1130, China M2 […]
Wage Gains: Is This Time For Real?
The money and bond markets received another solid jobs report last week. Indeed, the unemployment rate remained at historic lows, while new job creation maintained its upward trajectory compared to 2017. The fixed income arena has become somewhat accustomed to this development, and as a result, the attention has shifted to another vital part of […]
Baidu: Is China’s Search Empire Safe From Google?
Baidu (Nasdaq:BIDU) is China’s biggest digital search empire- so it makes sense that investors fear Alphabet (Nasdaq:GOOGL) one day chasing at BIDU’s heels. Rumor has it Alphabet is planning a comeback to China. Baidu CEO Robin Li wrote on his verified WeChat account his giant is ready to do tech battle: “Google decides to return […]
Morning Call For Wednesday, Sept. 12
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.03%) this morning are up +0.06% on strength in energy stocks and optimism a trade deal with Canada can be reached. Energy stocks rose with Oct WTI crude oil (CLV18 +0.81%) up +0.88% at a 1-week high on signs of tighter supplies after API data late Tuesday showed U.S. […]
Here To Stay
Traditional Markets The mood among investors in Asian stocks is arguably grimmer than the crypto market at this point, as Asian stocks are currently in the longest sell-off of the last 16 years. This rather clever headline compares the market cap of the Chinese stock market to that of the world’s largest corporation. Here we can see the China 50 index, […]
Dollar Chops In Narrow Ranges
Eurostat confirmed that EMU industrial output fell for a second consecutive month in July. The 0.8% decline was larger than expected and is the third decline of such a magnitude in four months and weighed on the euro. German and Spanish industrial output had surprised on the downside last week, and Italy matched suit today with […]
Sensex Ends 305 Points Higher; FMCG & Metal Stocks Witness Buying
After opening their day on a positive note, Indian share markets gave up some of their earlier gains and ended their session marginally higher. Gains were largely seen in the FMCG sector and metal sector, while realty stocks and banking stocks ended the day lower. At the closing bell, the BSE Sensex stood higher by 305 points (up 0.8%) and the NSE Nifty closed higher by 82 points […]
Asian Stocks Suffer Longest Selloff In 16 Years; US, Europe Mixed
Summary: Asian stocks slumped for the 10th consecutive day, the longest losing streak since 2002. European and US stocks reversed Asian losses, trading modestly in the green Oil extended previous sessions gains post API’s as Hurricane Florence approaches the Carolinas CAD extends overnight gains NAFTA nears a perfect storm on dairy access Dark clouds clearing for […]
Goldman Downgrades Micron To Neutral On Weaker NAND, DRAM Fundamentals
Goldman Sachs analyst Mark Delaney downgraded Micron Technology (MU) to Neutral from Buy and lowered his price target for the shares to $50 from $68. The stock closed yesterday down 3%, or $1.10, to $42.50. The analyst, who is not making a call on the upcoming fiscal Q4 results on September 20, sees weaker fundamentals […]
