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Daily Scan America: Stocks hit hard in first trading day of 2016
Capital Markets
Updated throughout the day January 4, 2016 The new year is already throwing a one-two punch at stocks, and the U.S. indexes are nearly k.o.'ed. The Dow Jones Industrial Average was down 2.4% by midday Monday, the first day of trading in 2016. The Nasdaq fell 2.7% and the S&P 500 dropped 2.3%. The day wasn't much better elsewhere in
As the door revolves: Former SEC commissioner to join Washington consultancy group
Capital Markets
Former Securies & Exchange Commissioner Daniel Gallagher is set to join a Washington, D.C., consulting group that was founded to help advise clients on how to manage the regulations arising from the financial crisis, The Wall Street Journal reports. Some might cry foul -- even though Patomak Global Partners LLC is technically not a lobbying group. Patomak says it advises
Daily Scan America: China markets nosedive on weak growth data, turmoil in Middle East
Capital Markets
Updated throughout the day January 4, 2016 Did a prankster just place some Chinese firecrackers in the Federal Reserve's plan to tighten policy? The markets are looking pretty messy on the first day of trading in 2016. China's ciruit breakers got a workout as growth fears and turmoil in the Middle East slammed markets: The CSI 300 plunged 7% Monday
Daily Scan Asia: Global equities retreat; Circuit breakers halt trading in China
Capital Markets
Updated throughout the day January 4, 2016 Chinese markets began 2016 with a bang on Monday as a 7% decline in the CSI 300 forced the nation’s brand new circuit breakers to halt all trading around 1:30 p.m. The index’s initial 5% drop triggered a 15 minute halt in the region, but its subsequent 2% fall caused the breakers to
Daily Scan Asia: Asian equities tumble; Caixin PMI misses estimates
Capital Markets
Updated throughout the day January 4, 2016 Asian markets began 2016 on a sour note Monday as Arab-Iranian tensions coupled with a worse-than-expected Chinese PMI report weighed heavy on equities across the region. Hong Kong’s Hang Seng Index has so far slipped 2.31%, while Japan’s Nikkei 225 and China’s Shanghai Composite dove 2.59% and 3.94% respectively. On the other hand,
International economic week in review: A year end look at China, Japan and Australia, Edition
Capital Markets
Last week, we looked at the EU, UK and Canada. This week we’ll turn to the pacific for a look at Japan, China and Australia. There are several statistics that perfectly explain the Japanese economy. The first two are the leading and coincident indicators published by the The Cabinet Office: Both have moved sideways for the last year and a
Daily Scan Asia: Saudi Arabia cuts ties with Iran; Singapore GDP decimates estimates
Capital Markets
Updated throughout the day January 4, 2016 Stock index futures are hinting at a mixed start for 2016 with Hang Seng Index contracts signaling a flat open, Nikkei 225 futures pointing to a modest climb, and CSI 300 contracts suggesting a pronounced drop. Traders however will have more than a few trading cues to begin the year – Singapore’s fourth
Weekend Scan America: Saudis sever ties with Iran; December jobs report ahead
Capital Markets
January 3, 2016 The fireworks of new year's celebrations around the world have already metamorphosed into the fireworks of conflict. From the Middle East to China to the idyllic Pacific Coast of the U.S., disputes are erupting setting a dark tone to 2016. As usual here in the home of the brave, a new month means it's time for a new
Is Tesla a good investment for 2016?
Capital Markets
With oil and gas prices on the decline, the excitement around electric cars has somewhat died down. However, for investors, companies like Tesla Motors Inc TSLA 0.81% that are working to create innovative new automobiles are still all the rage. In 2015, Tesla's performance was subpar, with the company's share price losing more than 10 percent over the past six
The Week Ahead: Markets ring in 2016, U.S. jobs report looms
Capital Markets
Markets will open on Monday  for the first time this year with a renewed focus, but are they ready to shrug off 2015's middling performance? The slowdown in China will still loom large in the news as investors focus on a number of indicators coming out this week that will give a clue as to the country’s economic health. Meanwhile,