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People Moves: Citic Securities chair to retire; Citi appoints new APAC TMT head
Capital Markets
Citic Securities chair steps down. Wang Dongming, without a doubt one of China’s banking heavyweights, will be stepping down as chairman of Citic Securities, citing to his age. His departure comes just as several of his top lieutenants were detained under suspicions of insider trading. Wang, who headed the firm since its 1995 founding, is expected to be replaced by…
Daily Scan: Asian futures climb; Fed officials try to dial back expectations
Capital Markets
Updated throughout the day November 20 The U.S. may have closed essentially flat, but if stock index futures are anything to go with, it looks like Asia’s set to rip higher. Contracts on Hong Kong’s Hang Seng Index are signaling a 0.12% pop at the open, while those on the CSI 300 point to a 1.69% jump over in the…
Daily Scan: Match and Square show strong debut; Lockhart nervous about inflation
Capital Markets
Updated throughout the day November 19 The U.S. markets were fairly stagnant Thursday, with the exception of some IPO and earnings excitement. No real move from the major indexes. Match Group, parent of Tinder and other dating apps, opened at $13.50 in its public debut, up 12.5% from the IPO pricing. The Gap tumbled more than 1% after it slashed its 2015…
Daily Scan: Asian shares skyrocket; PBOC slashes SLF rate
Capital Markets
Updated throughout the day November 19 With rate hike uncertainty firmly in the rear view mirror – allegedly – the Asian markets shot for the moon Thursday with the Hang Seng Index rocketing 1.41%, the Shanghai Composite soaring 1.36%, and the Nikkei Average rising 1.07%. H-Shares, Shenzhen, and Singapore didn’t do too bad either: Hang Seng China Enterprises Index: +1.37%…
Daily Scan: Asian shares climb; Bank of Japan stands pat
Capital Markets
Updated throughout the day November 19 Asian shares were mostly higher on Thursday as uncertainty over a rate hike in the U.S. finally dissipated. Wednesday afternoon, the Federal Reserve released notes from its October policy meeting -- and they strongly hinted that December could be rate-hike month. Hong Kong’s Hang Seng Index climbed 1.15%, while the Hang Seng China Enterprises Index…
Daily Scan: Hang Seng futures climb; FOMC stresses December hike
Capital Markets
Updated throughout the day November 19 The FOMC minutes came out Wednesday, and the markets saw that it was good. Futures on the Hang Seng Index are tipping to a 0.53% pop at the open, while those on the Nikkei 225 are signaling a 0.66% jump. CSI 300 contracts however were spooked by the IPO backlog, and hinted at a…
Democratization of markets
  Average investors are big beneficiaries of morphing markets, financial technology (fintech) and more market information than at any point in history.  For ordinary investors, trading is more analytically sophisticated, faster and cost-effective ever. Markets are democratizing. Back in the day, average investors pretty much stuck to the stock market, or maybe a bond here or there. Their key strategy:…
December 'could well be' the time for a rate hike -- depending....
Capital Markets
From the October meeting minutes of the Federal Open Markets Committee released Wednesday afternoon in Washington, D.C. (boldface added for emphasis): During their discussion of economic conditions and monetary policy, participants focused on a number of issues associated with the timing and pace of policy normalization. Some participants thought that the conditions for beginning the policy normalization process had already…
Daily Scan: Stocks rise; ISIS claims responsibility for Russian plane crash
Capital Markets
November 18, 2015 Stocks are up Wednesday, with the S&P 500 gaining 0.75% by midday. The Dow added more than 0.7% as well, and the Nasdaq was up nearly 0.9%. European bourses pared losses.  Airline stocks fell as terrorist threats continue to shake the sector: Two Air France planes were forced to divert flights Tuesday in response to bomb threats and in…
The note making waves today: Goldman adds Apple to 'Conviction Buy' list
Capital Markets
The share price of Apple Inc. (NASDAQ: AAPL) have appreciated 3 percent year-to-date, although the shares have been volatile all through the year. Goldman Sachs’ Simona Jankowski has maintained a Buy rating on the company, with a price target of $163. While adding the stock to Goldman Sachs’ Conviction Buy List, Jankowski mentioned that Apple was currently trading at a…