International market update: 09 Mar 16


 
  • Source: WSJ, Bloomberg, Reuters, Sitnokglobal.com

    Asian Morning Briefing: U.S. Stocks Drop After Recent Rally

     U.S. stocks fell Tuesday, ending a five-session winning streak while investors returned to the safety of government bonds. Oil prices sold off sharply on fresh signals of global oversupply and weak demand. The dollar recouped losses against the euro in late trade. Gold […]
  • Drone Maker AeroVironment Posted Higher Profits

     

    Drone maker AeroVironment posted higher earnings for its latest quarter, in part due to a $1.1 million tax benefit, though its revenue declined amid sagging sales in its efficient energy systems division.

     
  • Oil Prices Fall Back After Recent Gains

    Analysts caution recent market rally is unsustainable

     

    Oil prices sold off sharply Tuesday, giving back a chunk of their prior-day surge, as fresh signals of oversupply and weak demand buffeted the market and analysts cautioned about the sustainability of the recent rally.

  • U.S. Stocks Drop After Recent Rally

    Shares have rallied since mid-February as recent economic data ease recession fears

     

    U.S. stocks fell Tuesday following five straight sessions of gains, their longest winning streak since October.

     
  • 1 HR AGOMONEYBEAT

    Buffett Is Doing One of His Biggest Debt Deals Ever–And the Bond Market Is Gobbling It Up

     

     

    Warren Buffett’s Berkshire Hathaway Inc. is having little trouble issuing its largest bond deal on record, reflecting the continued appetite for debt from highly-rated companies.

     
     
  • 1 HR AGO

    A Reason for the ‘Fear Gauge’ to Be Afraid? Meet the New VIX Competitor

     

    A new market-volatility gauge is aiming to be less volatile than its main rival. Exchange operator Bats Global Markets and indexing firm T3 Index on Tuesday launched a volatility index that will compete with the market’s main “fear gauge,” the CBOE Volatility Index. While these indexes aren’t traded, investors refer to the CBOE Volatility Index, […]

     
  • 1 HR AGOMARKETS

    Senate Panel to Hold Confirmation Hearing on Two SEC Nominees

    Hearing, set for March 15, is a sign the Senate Banking Committee is poised to ease a nominations logjam

     

    The Senate Banking Committee is set to hold a confirmation hearing on March 15 for the Obama administration’s two nominees for the Securities and Exchange Commission.

     
  • 1 HR AGOMARKETS

    Cargill Plans to Reduce Antibiotics Use in Beef Cattle by 20%

    Company researching alternatives to antibiotics, expects further reductions in beef

     

    Cargill Inc. plans to scale back antibiotics use in its U.S. cattle supply, one of the most significant steps yet among beef processors to reduce reliance on drugs used to treat human illnesses.

     
  • 2 HRS AGOMARKETS

    Gold Prices Fall on Some Profit-Taking After Disappointing China Data

    Gold for April delivery settles down 0.1% on day; metal up around 18% for year

     

    Gold prices fell Tuesday, as negative Chinese exports data pushed some investors to lock in gains on commodities after a lengthy rally.

     
  • 2 HRS AGOMONEYBEAT

    Trading Drought in the Citi

     

    Citigroup likely saw fixed income and equities trading revenue fall by 15% in the first quarter, a worrying sign for U.S. banks overall.

     
  • 2 HRS AGOMARKETS

    Government Bond Yields in U.S., Europe, Japan Fall

    Plunging government bond yields in Japan ripple globally

     

    Plunging government bond yields in Japan on Tuesday rippled globally, pushing down yields in the U.S., Germany and the U.K.

     
  • 2 HRS AGOMONEYBEAT

    Stock Rally Runs Into Reality and Resistance

     

    Bulls may have imagined that the market was truly turning around, but those daydreams are running into unlucky reality.

    If the February rebound gets a theme song, it may well be “Just My Imagination.”

    Bulls may have imagined that the market was truly turning around, but those daydreams are running into reality. After trading above 2000, the S&P is falling back from that key psychological level, currently down 21 points at 1981.The Dow was above 17000 this afternoon, but currently is down 103 points at 16970; this morning, it traded down as many as 152 points.

    The last month has been good to the bulls. The Dow Jones Industrial Average is up 9% since hitting bottom on Feb. 11; the S&P 500 is up 9.4%; and Nymex crude is up 45%. Iron ore rose 19% yesterday alone. Those are big moves. The problem is that what the bulls have already gotten may be all they get.

    “After a nice three weeks that began with an escape from the abyss and transitioned into frantic short covering and savvy value driven discount shopping, stocks are now at a tricky level,” said MND Partners managing director Timothy Anderson. “In typical Wall Street fashion this could quickly become a case of ‘what have you done for me lately?’ “

     

    The entire range from 1994 to 2023 on the S&P 500 is a minefield of resistance points for the bulls, in fact, according to John Kosar at Asbury Research. “This is where the market must decide whether the current rise from underlying support at SPX 1821 is the start of a sustainable new intermediate term advance, or just a countertrend rally within an uncompleted intermediate term decline.” Mr. Kosar expects lower U.S. interest rates, a continued move into the Japanese yen, and a decline in Chinese, European and Japanese markets. All that, he said, means “a deeper decline is coming in the U.S. market later this year.”

    While many are eyeballing the 200-day moving average for the S&P 500, which currently sits around 2022, the fact that it has been moving down illustrates the index’s loss of longer-term momentum. What’s been seen in the market the past few weeks has been swift and impressive, BTIG market technician Katie Stockton wrote, but that’s how bear-market rallies tend to look. “We think this is reason to view the relief rally as a counter-trend move,” she said, “and eventually a selling opportunity (when short-term momentum sees a downtick).

    The big number to keep an eye on in the short term is 1970 on the S&P 500, a level that a few technicians are watching because it marks the uptrend line from the February lows. One is Longford Associates Joan McCullough. “They seem to have confirmed what we observed from Friday’s march,” she wrote in a morning note, “when they got  up near the higher levels, it looks like they drew sellers.  Yesterday, they further confirmed that momentum looks to be weakening.”

    Mark Newton, a registered chart technician previously with Greywolf Execution Partners and now running his eponymous Newton Advisors, said the rally could expect a “real washout” if that 1970 level is taken out. Until then, he said, the market is “just churning.”

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  • 2 HRS AGOMARKETS

    Natural Gas Falls Further Amid Early Onset of Spring

    Surging pre-spring temperatures are dashing hopes for any remaining gas-fired heating demand

     

    Natural gas futures slipped as the market came to terms with the apparent early end to a tepid winter heating season.

     
  • 2 HRS AGOMARKETS

    Why United Continental Shareholders Have Air Rage

    Shareholders are getting restless, and that is a problem for management.

     

    United Continental shareholders are getting restless. That is a problem for management.

     
  • 2 HRS AGOMONEYBEAT

    These Are the Options Left in the ECB’s Stimulus Arsenal

     

    The European Central Bank is widely expected to announce a substantial package of stimulus measures on Thursday, combining rate cuts, additional asset purchases and possibly more.

     
  • 2 HRS AGOMARKETS

    A Market in Limbo: Risky Bets, Safe Bets Both Gain

    Gains in stocks, junk bonds as well as traditional havens signal that uncertainty remains

     

    Stocks, junk bonds and commodities have rallied of late. But so have safe havens like gold and the yen—a sign uncertainty still reigns.

     
  • 3 HRS AGOMARKETS

    Square’s Earnings Debut: Can Fintech Pay?

    Don’t expect too much from Wednesday’s quarterly results

     

    Square’s shares have popped more than 40% from last month’s low. But investors shouldn’t expect too much from Wednesday’s quarterly results.

     
  • 3 HRS AGOMARKETS

    Honeywell Debt Deal Leaves Sour Taste For European Investors

    Lack of disclosure raised questions about U.S. companies borrowing in European markets

     

    When Honeywell, shortly after issuing bonds in Europe, announced it was pursuing a merger that would add greatly to its debt, European investors weren’t happy and may become more wary of U.S. euro-denominated debt.

     
  • 3 HRS AGOMARKETS

    Saudi Aramco Plans to Up its Gas Output Significantly in 10 Years, CEO Says

    Amin Nasser said the state-oil giant will raise its output to ‘around 23 billion standard cubic feet a day’

     

    Saudi Arabian Oil Co., known as Saudi Aramco, plans to nearly double its gas production to 23 billion standard cubic feet a day in 10 years, Chief Executive Amin Nasser said Tuesday.

     
  • 3 HRS AGOMONEYBEAT

    Japan’s Super (Bond) Market Sweep

     

     

    In the land of the negative yield, the long bond is king.

     
  • 3 HRS AGOMARKETS

    U.S. Watchdog Warns on Banks’ Counterparty Exposures

    Office of Financial Research says banks’ counterparty exposures may be larger than stress tests show

     

    The U.S. Office of Financial Research said the ripple effects from a large bank default could be nine times larger across the banking sector than what is contemplated under existing stress tests of individual firms.

     
  • 3 HRS AGO

    One Market Alarm Bell Is Still Ringing: The Yield Curv

     

    A U-turn in nearly all major asset classes this year is restoring faith in the global economic outlook. That hasn’t been the case in one corner of the Treasury market.

     
  • 4 HRS AGO

    For Spain, Faith In Builders Never Fades

    Spanish construction companies remain expensive purchases when their stock price is measured against earnings. Investors seem to have faith in their long-term health because they are seen as being central to Spain’s economic and political ecosystem.

     
  • 4 HRS AGO

    U.S. Energy Agency Sees Lower Global Oil Prices

    EIA expects supplies to grow more than previously anticipated

     

    The U.S. Energy Department lowered its price expectations for the global Brent crude contract this year and next, saying it expected supplies to grow more than previously anticipated.

     
  • 4 HRS AGO

    Mark Carney Says Brexit Is Biggest Domestic Risk to U.K. Financial Stability

    Bank of England governor’s comments draw angry fire from ‘euroskeptic’ lawmakers

     

    Bank of England Gov. Mark Carney said the possible departure of the U.K. from the European Union represents the biggest domestic risk to the country’s financial stability.

     
  • 4 HRS AG

    Shopping-Center REITs Are on Many Investors’ Lists

    Limited supply causes retailers to show steady demand for existing properties

     

    Strip malls and shopping centers, often seen as suburban eyesores, are boosting profits at their landlords.

     
  • 4 HRS AGO

    How Negative Rates Overseas Has Investors Tossing Out Playbook for Treasury

     

    Investors are gradually coming to terms with the fact that the growing global pie of negative-yielding sovereign debt is upending the playbook in the $13.2 trillion U.S. government bond market.

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  • 4 HRS AGOMARKETS

    Going for the Revitalization Gold Around London’s Olympic Park

    Stratford, the district that hosted the 2012 Olympic games, attracts investments for long-term renewal strategy

     

    Real-estate investors are betting London is on track to deliver a rare feat: the lasting revitalization of neighborhoods around an Olympic park, years after the games ended.

     
  • 4 HRS AG

    Now Coming to the Commercial-Property Market: Defaults

    Long-running upswing shows weakness; ‘There’s going to be a market correction’

     

    New signs of weakness are surfacing in the U.S. commercial-property market, ending a half-decade run of improvement with steadily climbing values.

     
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  • 5 HRS AGOMARKETS

    Morgan Stanley Broker Opts for Raymond James Affiliate

    Eric Beiley, who manages more than $550 million, joining Steward Partners Global Advisory

     

    A Morgan Stanley broker who manages more than $550 million has ditched his wirehouse roots to join an independent wealth-management firm affiliated with Raymond James Financial Services Inc.

     
  • 6 HRS AGOMARKETS

    No Easy Bargains for Burberry’s Mystery Buyer

    Buying today is a bet that profits can rebound, either via China or cost-cutting

     

    The mystery investor building a stake in U.K. fashion retailer Burberry seems to be betting on either a Chinese rebound or a new bout of cost-cutting.

     
  • 6 HRS AGOMONEYBEAT

    Shake Shack Loses Its Sizzle With Investors Amid Rising Wages

     

     

    Shake Shack shares are getting grilled. The fast-casual burger chain’s stock is down as much as 11% Tuesday to $37.50, its worst intraday drop in a month, after the company issued disappointing full-year guidance and said it expects labor costs to rise.

     
  • 7 HRS AGO

    More Shorts Are Likely Getting Flushed Out of Urban Outfitters

     

     

    Shorts seem to be heading for the exits at Urban Outfitters Inc. as the teen-apparel retailer’s shares have rebounded from a test of multiyear lows.

     
  • 8 HRS AGOMONEYBEAT

    IMF Sees Risks From Withdrawing Easy Money Quickly

     

    The International Monetary Fund is pushing many of the world’s largest economies to boost spending amid weakening growth prospects. But not at the expense of monetary policy.

     
  •  
  • 8 HRS AGOMARKETS

    Yields on Japanese Government Bonds Hit All-Time Lows

    Institutional investors with little other place to put their money have been piling into government bonds

     

    The yield on Japan’s benchmark 10-year government bond hit a new low in negative territory and longer-term bond yields also fell to record lows.

     
  • 9 HRS AGOMONEYBEAT

    Goldman Says Commodity Bounce is Premature

     

     

    Goldman Sachs analysts warn that the recent rebound in commodity prices is unsustainable and premature.

     
  • 9 HRS AGOMONEYBEAT

    Path Higher for Stocks May Get Tougher From Here

     

     

    U.S. stock indexes broke through some key technical levels last week, notably their medium-term 50-day moving averages.

     
  • 9 HRS AGOBUSINESS

    Performance Sports Slashes Profit Forecast

    Cities weakness in the baseball, softball equipment markets, bankruptcy filing of a customer

     

    Performance Sports Group Ltd. slashed its earnings forecast on Tuesday, citing weakness in the baseball and softball equipment markets, the bankruptcy of a customer and extra bad debt reserves for U.S. hockey customers.

     
  • 9 HRS AGOECONOMY

    OECD Leading Indicators Point to Slowing Global Growth

    Economic activity expected to continue to slow down in the U.S., U.K., Canada and Russia

     

    The global economy is set to slow over coming months, with growth weakening in most developed economies even as it stabilizes in China, according to leading indicators released by the Organization for Economic Cooperation and Development.

     
  • 9 HRS AGOMONEYBEAT

    Dealpolitik: Is Canadian Pacific’s Bid for Norfolk Southern Running out of Track?

     

     

    Clues are piling up that indicate Canadian Pacific Railway Ltd.’s hostile pursuit of a merger with Norfolk Southern Corp. may be running out of track.

     
  • 9 HRS AGO

    This Is the Real Point of Europe’s Negative Rates

    A pickup in inflation is needed to see Europe escape its debt burden

     

    The eurozone still has a problem with high debt levels, even as others like the U.K. and U.S. reduce their burdens. Inflation by almost any means is needed and soon.

     
  • 10 HRS AGO

    U.S. Stocks Rise, Oil Rises More, and Iron Ore Rises Even More

     

     

    Welcome to Evening MoneyBeat, WSJ’s closing-bell roundup of all the news and developments in the capital markets. To receive this newsletter, click here: http://on.wsj.com/MoneyBeatEveningSignup HOW WE GOT HERE U.S. stocks were modestly higher on Monday, in a session that saw the major indexes bouncing around between red and green. After spending the first six weeks or […]

     
  • 10 HRS AGOREAL TIME ECONOMICS

    Foreign Buyers Are Pulling Back, Realtors Say

     

     

    Demand from foreign buyers is weakening, the National Association of Realtors said Monday, undermined by a strong U.S. dollar and rising home prices.

     
  • 10 HRS AGO

    Shrinking Foreign Footprints Could Pose a Problem for European Banks

     

     

    While foreign banks, from Canada to Japan, are extending their lending outside of domestic markets, European lenders have been scaling back, according to data from the Bank for International Settlements.

     
  •  
  • 11 HRS AGOMARKETS

    Foxtons Profit Down as High-End London Property Market Subsides

    Real-estate firm says while sales are expected to grow this year, the ‘recovery in volumes will be affected by a low level of stock’

     

    The demise of the high-end London housing boom pushed down profits last year for U.K. real-estate agent Foxtons Group PLC, one of the biggest property brokers in the capital.

     
     

    12 HRS AGOE

    Housing Market Takes On Split Levels

    Lower-priced homes sell quickly while inventory on the higher end piles up

     

    U.S. housing has become a tale of two markets, with lower-priced homes selling quickly even as inventory of expensive ones piles up.

     
  •  
  • 13 HRS AGOMARKETS

    Iron Miner Alliance Keeps Ore Going

    Fortescue, Vale blend supplies in bid to stay competitive with larger rivals Rio Tinto, BHP Billiton

     

    A Vale-Fortescue alliance spells plenty of iron-ore supply into future. The material’s price rally may end up like a lead balloon.

     
  • 13 HRS AGO

    Why a SoftBank Separation Is Better for All Parties

    A clean split into stable cash cow and high-growth portfolio would help narrow a long-standing discount

     

    SoftBank has long traded below the sum of its parts, but a clean split into stable cash cow and high-growth portfolio would help narrow the discount.

     
  • 13 HRS AGO

    Goldman Adviser to 1MDB Quit After Alleged Bank-Policy Violations

    Tim Leissner was firm’s point man with Malaysian state fund

     

    The Goldman Sachs partner who handled deals for a controversial Malaysian government investment fund was suspended and later quit after bank investigators found he allegedly violated company policies.

     
  •  
  • 14 HRS AGOMARKETS

    China Shares Down on Property Worries

    Investors fear Chinese government might try to cool speculative activity in top property markets

     

    China shares fell Tuesday amid worries the government might try to cool speculative activity in the country’s top property markets.

     
  • 15 HRS AGO

    WSJ City: Banking Standards Board Sheds Little Light; One Fund is Backing the Pound

     

     

    Good morning from London, Welcome to this new newsletter from WSJ City, the Wall Street Journal’s new mobile-native news app for London’s business and finance readers. WSJ City brings together world-class, award winning journalism from The Wall Street Journal, Financial News, Heard on the Street, MoneyBeat and MarketWatch, plus exclusive news from WSJ City’s team of London-based […]

     
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  • 15 HRS AGOMARKETS

    Clearinghouse Declares German Bank Maple in Default

    Maple parent company partly owned by National Bank of Canada and Ontario Teachers’ Pension Plan

     

    Days after central banks initiated a stress test of two trade-plumbing firms in Europe, LCH.Clearnet Group Ltd. said Germany’s Maple Bank GmbH had defaulted on its financial obligations at the clearinghouse operator.

     
  • 16 HRS AGOMARKETS

    Goldman Adviser to 1MDB Quit After Alleged Bank-Policy Violations

    Goldman’s Tim Leissner was firm’s point man with Malaysian state fund 1MDB

     

    The ​Goldman Sachs partner who handled deals for a controversial Malaysian government investment fund was suspended and later quit after bank investigators found he allegedly violated firm policies.

     
  • 19 HRS AGOMARKETS

    China Construction Bank Becomes First Chinese Bank to Help Set Silver Price

    Addition to the panel comes amid unrest among silver market participants

     

    China Construction Bank has become the first Chinese bank to participate in the London silver price fix, in a further demonstration of the country’s footprint in global financial markets.

     
  • 19 HRS AGOMARKETS

    Iron Ore Soars on Expectation of China Stimulus

    Optimism over Chinese demand fuels rebound for industrial metals

     

    The price of iron ore jumped by almost 20% as investors bet China will stimulate its economy and buoy demand for this key steelmaking ingredient.

     
  • 21 HRS AGOMARKETS

    Nickel Can’t Find a Silver Lining

    Despite a recent rally in metals prices, nickel continues to hover in the doldrums

     

    Nickel is one of the worst-performing commodities, hitting a 13-year low last month even as other metals have recovered in recent weeks.

     
  • 21 HRS AGOMARKETS

    BATS Global Markets 2015 Profit Surges 67% Ahead of IPO

    Glitch forced exchange operator to cancel public listing roughly four years ago

     

    BATS Global Markets Inc.’s profit surged in 2015 as the exchange operator prepares to go public this year, roughly four years after technical woes forced it to cancel plans to go public.

     
  • 22 HRS AGOMARKETS

    Central Clearing Doesn’t End Risk

    Author examines G-20’s post-crisis regulatory reform

     

    Central clearing shifts and reduces risk but doesn’t eliminate it, finds Ivana Ruffini of the Chicago Federal Reserve Bank’s economic research department.

     
  • 22 HRS AGOMARKETS

    Justice Department, SEC Investigating Visium

    Hedge fund run by Jacob Gottlieb tells investors it is being probed over trading and valuation issues

     

    Visium Asset Management, a $8 billion hedge-fund firm run by Jacob Gottlieb, is being investigated by the Justice Department and the Securities and Exchange Commission over trading and valuation issues.

     
  • 22 HRS AGOMARKETS

    Speaker’s Office Dubs Fiduciary Rule ‘Obamacare for Financial Planning’

    Critics argue tighter rule would push up compliance costs, lead advisers to drop middle-class clients

     

    In House Speaker Paul Ryan’s office, the Labor Department’s proposed fiduciary rule has been dubbed “Obamacare for financial planning.”

     
  • 22 HRS AGOMARKETS

    Junk-Bond Rebound Signals Easing Fear

    Market is closely watched for clues about the state of the U.S. economy

     

    The riskiest part of the U.S. corporate-bond market is staging a comeback, marking an upswing in investor confidence following a turbulent start to the year.

     
  • 23 HRS AGOMARKETS

    FDIC Chairman Warns Banks of Risks From Interest Rates and Energy

    Martin Gruenberg at Institute of International Bankers conference Monday

     

    FDIC Chairman Martin Gruenberg waved warning flags on interest rate risk, the energy sector and cyberthreats on Monday at the Institute of International Bankers conference.

     
     
  • 23 HRS AGOMARKETS

    Gift Cards Feel Pinch of New Rules

    Some retailers are putting restrictions on card purchases, a result of new rules that put them on the hook for fraud

     

    Some retailers are requiring customers to buy the cards with cash or asking that they show identification, a consequence of new rules that put them on the hook for fraud.

     
  • 1 DAY AGOMARKETS

    Mutual Funds Rally by Not Sticking to a Style

    Go outside the ‘style box’? That worked for some funds over the past 15 years

     

    A test shows that stock and balanced mutual funds may have better returns when they don’t try to stay within the same “style box.”

     
  • 1 DAY AGOMARKETS

    CFPB Increases Scrutiny of Online Lenders

    Agency encourages borrowers to submit complaints when they encounter problems

     

    The Consumer Financial Protection Bureau signaled its increasing scrutiny of the growing online marketplace for loans, encouraging borrowers to submit complaints when they encounter problems with online lenders.

     
  • 1 DAY AGOMARKETS

    Policy Makers Defend Postcrisis Financial Regulation

    At Washington events, officials say they are exploring whether rules have made markets work less efficiently, but stand by approach

     

    U.S. financial policy makers are taking stock of the rule book written after the financial crisis and considering whether regulations designed to create safer markets have made them less functional. But it isn’t clear they are ready to erase any parts of the new regime just yet.

     
  • 1 DAY AGOMARKETS

    Dollar Falls Against Euro, Yen

    Federal Reserve official calls for cautious approach to raising interest rates

     

    The dollar slipped against the yen and euro Monday, after a Federal Reserve official called for a cautious approach to raising interest rates.

     
  • 1 DAY AGOBUSINESS

    Casey’s General Stores Profit Falls 3.1%

    Revenue misses analyst estimates, gasoline sales fall despite stronger volume

     

    Casey’s General Stores said its earnings fell 3.1% in the latest quarter as revenue missed analysts’ expectations and gasoline sales fell despite stronger volume.

     
  • 1 DAY AGOMARKETS

    BlackRock Gold ETF Snafu Could Expose It to Penalties

    Firm had suspended issuance of new iShares Gold Trust shares due to administrative oversight

     

    An administrative error at a popular BlackRock Inc. exchange-traded gold product led it to sell more shares than it had registered with regulators and could open it up to penalties, according to a filing.

     
  • 1 DAY AGOMARKETS

    Stocks Edge Higher After Recent Rally

    Energy shares rise as oil prices climb

     

    U.S. stocks crept higher Monday, struggling to extend a recent rally even as a surge in oil prices lifted energy shares.

     
  • 1 DAY AGOMARKETS

    Natural Gas Extends Rebound

    Prices rise on expectations that a decline in drilling will lead to lower production

     

    Natural-gas prices settled higher on expectations that a decline in drilling will lead to lower production.

     
  • 1 DAY AGOMONEYBEAT

    Brazil’s Market Surge Could Be ‘Naive’

     

     

    Brazilian markets are rallying as an investigation into widespread government corruption widens, fueling ideas that the country’s president Dilma Rousseff will be unseated and replaced with a more market-friendly government.

     
  • 1 DAY AGOMARKETS

    U.S. Government Bonds Remain Under Pressure

    10-year Treasury note yield rises to a one-month high

     

    The U.S. government bond market remained under selling pressure on Monday, sending the yield on the benchmark 10-year Treasury note to a fresh one-month high.

     
  • 1 DAY AGOMARKETS

    Gold Retreats From 13-Month Highs

    Precious metal also weighed down by a strong dollar and higher oil prices

     

    Gold prices edged down Monday after spending most of the day shuffling between gains and losses amid uncertainty ahead of rate decisions by the Federal Reserve and the European Central Bank.

     
  • 1 DAY AGOMARKETS

    Voices: Tips for Working With Professional Athletes

    Many sports figures need help conserving their earnings to last a lifetime

     

    Many sports figures need help conserving their earnings to last a lifetime, this adviser says.

     
  • 1 DAY AGOMARKETS

    Oil Prices Lifted by Supply-Cut Hopes and U.S. Growth Outlook

    UAE energy minister says current prices are forcing suppliers to freeze production

     

    Oil prices surged on hopes that declines in oil drilling around the world and an output deal among major producers would shrink the global glut of crude.

     
  • 1 DAY AGOMONEYBEAT

    Recession Odds Are Lower, But Not Zero – Podcast

     

     

    On today’s MoneyBeat podcast, WSJ economics columnist Greg Ip joins us to talk about the still-present odds of a recession.

  • 1 DAY AGOMARKETS

    Obama Defends His Record on Financial Regulation

    Shadow banking, cybersecurity and executive-compensation rules to be top priorities through the end of Obama’s term

     

    President Barack Obama defended his administration’s record on financial regulation and said that shadow banking, cybersecurity, and executive-compensation rules would be top priorities during his remaining months in office.

     
  • 1 DAY AGOMARKETS

    The Problem With the World’s Most Obvious Trade

    This week should provide the perfect opportunity for betting on a stronger dollar, but not so fast

     

    This week should provide the perfect opportunity for betting on a stronger dollar, but not so fast.

     
  • 1 DAY AGOMONEYBEAT

    Iron Ore’s Big Rally May Be Shortlived

     

     

    A run-up in the price of iron ore this year crested with a 20% jump in prices Monday. But some analysts believe the rally can’t last unless demand in China picks up.

     
  • 1 DAY AGOMARKETS

    New Laws’ Effect on Market Liquidity Is ‘Reasonable’ Concern — Fed Economist

    Changes have raised questions about ‘appropriate’ and ‘sufficient’ benchmarks

     

    A Federal Reserve economist says the effect of a pileup of regulatory changes on market liquidity is an ongoing concern, and while markets’ resiliency has been tested lately, a fuller vetting remains.

     
  • 1 DAY AGOMONEYBEAT

    Join WSJ Pro Financial Regulation for a Discussion With the FDIC’s Thomas Hoenig

     

     

    For WSJ Pro Financial Regulation’s inaugural event on March 16, WSJ’s Jacob Schlesinger sits down with one of the more outspoken, and surprising, voices in this discussion, Thomas Hoenig, the vice chairman of the Federal Deposit Insurance Corp.

     
  • 1 DAY AGOMARKETS

    OCC Chief Says Agency Is Weighing Anti-Money-Laundering Guidance

    Thomas Curry says decisions to terminate relationships over money-laundering fears could have ‘regrettable consequences’

     

    The national bank regulator is looking at whether guidance is needed to address bankers’ fears of violating anti-money-laundering laws.

     
  • 1 DAY AGOMARKETS

    Moment of Truth Arrives for Dick’s Sporting Goods

    How Dick’s Sporting Goods benefits from Sports Authority’s bankruptcy filing will help determine whether shares can bounce back from a difficult 12 months

     

    How Dick’s Sporting Goods benefits from Sports Authority’s bankruptcy filing will help determine whether shares can bounce back from a difficult 12 months.

     
  • 1 DAY AGOMONEYBEAT

    How Might U.S. Oil Output Be Impacted by Prices?

     

     

    Is U.S. oil going to keep flowing at its current pace? Ever since oil prices began sliding in 2014, one of the most enduring questions has been how U.S. production would respond to the decline in oil prices.

     
  • 1 DAY AGOMONEYBEAT

    ComScore: What’s Behind Its Delayed Filing?

     

     

    ComScore’s announcement that it will delay its annual report and suspend its buyback program over an accounting issue may be related to a controversial revenue metric.

     
  • 1 DAY AGOMARKTS

    Fannie and Freddie Shareholders Suffer Stinging Legal Setbacks

    Decisions in two federal courts may undermine an argument critical to Fannie and Freddie shareholder lawsuits

     

    Decisions in two federal courts may undermine an argument critical to Fannie and Freddie shareholder lawsuits.

     
  • 1 DAY AGOMARKETS

    Treasury Official Calls for Greater Foreign Bank Policies

    Nathan Sheets says international regulators have made great strides since the financial crisis

     

    The U.S. Treasury is continuing to push for more policies to establish a level playing field between foreign and U.S. banks, said Treasury Under Secretary for International Affairs Nathan Sheets.

     
  • 1 DAY AGOMONEYBEAT

    The Ashley Madison Effect on Companies

     

     

    Maybe it’s true cheaters never prosper, but sometimes the companies they work for do.

     
  • 1 DAY AGOMONEYBEAT

    The Bull Market’s Nominal Happy Birthday

     

     

    You’re going to hear a lot this week about the great post-crisis bull market, but be wary of the hyperbole.

     
  • 1 DAY AGOREAL TIME ECONOMICS

    Q&A: Rebecca Traister on the ‘Revolutionary Rupture’ From the Rise of Single Women

     

     

    In “All the Single Ladies,” Rebecca Traister chronicles the latest surge in single women and the role they have played throughout U.S. history.

     
  • 1 DAY AGOMARKETS

    Why the Fed Isn’t Out of Ammo

    The Federal Reserve actually has plenty of ammunition left, but it doesn’t work in its conventional weapons

     

    The Federal Reserve actually has plenty of ammunition left. But it doesn’t work in its conventional weapons.

     
  • 1 DAY AGOMARKETS

    U.K. Judge Adjourns Tug-of-War Case over Libyan Sovereign Wealth Fund

    Decision might be ‘premature’ if solution can be reached in Libya

     

    A British judge has adjourned a case in which he was asked to decide who is the rightful leader of Libya’s $67 billion sovereign wealth fund, the Libyan Investment Authority.

     
  • 1 DAY AGOMONEYBEAT

    A New Calculation of the Activist Investing Track Record

     

     

    In the past seven years, activist investors have managed to outperform down markets, but have underperformed good ones.

     
  • 1 DAY AGOMONEYBEAT

    For Real This Time: Valeant Promises Results Next Week

     

     

    Investors in Valeant Pharmaceuticals International Inc. are circling a new date on their calendars.

     
  • 1 DAY AGOMARKETS

    Egypt Replaces Head of Agriculture Quarantine Authority

    New appointment follows international controversy over ergot fungus in grain imports

     

    The Egyptian government has replaced the head of a department that recently caused international controversy when it rejected a shipment of imported grain for containing a toxic fungus.

     
  • 1 DAY AGOMONEYBEAT

    Apple Analysts Keep Warning of Slowing iPhone Sales

     

     

    Apple shares have been looking rosier in recent weeks. But another analyst is getting slightly less optimistic amid ongoing concerns about declining iPhone sales.

     
  • 1 DAY AGOMARKETS

    Is It Time to Make Up With Emerging Markets?

    Emerging-market economies have been rebalancing, with some startling returns on offer

     

    Many investors headed for the exit in emerging markets in 2015. That creates an opportunity for 2016.

     
  • 1 DAY AGOMARKETS

    Wall Street Bonuses, Profit Slip in 2015

    Average bonus down 9% to lowest level since 2012, according to New York comptroller’s report

     

    The average bonus on Wall Street fell 9% to $146,200 in 2015, making it the lowest average in three years as profits continued to slip at securities firms, New York state Comptroller Thomas P. DiNapoli said Monday.

     
  • 1 DAY AGOREAL TIME ECONOMICS

    The Crisis in American Entrepreneurship

     

     

    America’s entrepreneurs are brimming with promising ideas. But they appear to be struggling to transform innovations and insights into successful companies with broad reach.

     
  • 1 DAY AGOMARKETS

    Alibaba Awaits Fintech Lottery Jackpot

    Chinese e-commerce giant set for windfall from planned listing of affiliate Ant Financial

     

    The proposed $50 billion valuation placed on Alibaba’s financial affiliate Ant Financial would make it one of the top 10 financial firms in China, and could generate a huge windfall for shareholders

     
  • 1 DAY AGOMONEYBEAT

    Stocks to Watch: Pier 1, Valeant Pharmaceuticals, Del Taco, NCR Corp.

     

     

    Among the companies with shares expected to trade actively in Monday’s session are Pier 1 Imports Inc., Valeant Pharmaceuticals International Inc., Del Taco Restaurants. and NCR Corp.

     
  • 1 DAY AGOMARKETS

    French Utility’s Toxic Mix of Business and Politics

    EDF’s finance chief has resigned, seemingly in protest over plans to build a new nuclear power plant in the U.K.

     

    The finance chief of Electricité de France has resigned, seemingly in protest over plans to build a new nuclear power plant in the U.K. The French company is in particularly tight bind.

     
  • 1 DAY AGOMONEYBEAT

    Deals of the Day: Chatter Over DuPont, Old Mutual

     

     

    Deals of the Day is your one-stop-shop for the morning’s biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity.

     
  • 1 DAY AGOMARKETS

    Southern Europe Lenders Squeezed

    There is now a gap of just more than half a percentage point between mortgage and deposit interest rates

     

    With the European Central Bank’s next meeting looming, analysts and investors have begun to take a much closer look at how negative-rate policies affect bank balance sheets and how that might vary across the eurozone’s different economies.

     
  • 1 DAY AGOMONEYBEAT

    Improving Market Breadth Gives a Boost to Bulls — Morning MoneyBeat

     

     

    One of the biggest questions facing the markets is whether the current rally has legs. Those betting that it does just got some support from improving market breadth.

     
  • 1 DAY AGOMARKETS

    Alibaba Affiliate Ant Financial Valued at Nearly $50 Billion

    China’s most valuable Internet-finance company plans to raise up to $3.1 billion in its current funding round

     

    Investors are hanging a valuation of nearly $50 billion on Alibaba’s deal-hungry financial-services affiliate Ant Financial, the latest sign of appetite for the sector.

     
  • 1 DAY AGOMONEYBEAT

    The Euro Is So Far Unimpressed By Its Central Bank

     

     

    The European Central Bank starts the week facing the tall order of swaying markets with a new round of stimulus Thursday, but so far the euro’s value against the U.S. dollar suggests investors are bracing themselves to be disappointed. In the last month, the euro has fallen by far less than it did ahead of previous widely expected policy meetings.

     
  • 1 DAY AGOMARKETS

    To Whom Should a Client Leave His IRA?

    An adviser has a suggestion for a man looking to benefit both his family and his religious home

     

    An adviser has a suggestion for a man looking to benefit both his family and his religious home.

     
  • 1 DAY AGOMARKETS

    Barclays Appoints New Team to Strengthen M&A Business

    Veteran banker Carlo Calabria appointed chairman of mergers and acquisitions for Europe, Middle East and Africa

     

    Barclays PLC hired nine people including former Bank of America Merrill Lynch banker Carlo Calabria to strengthen its mergers and acquisitions business.

     
  • 1 DAY AGOMONEYBEAT

    UAE Sees Crude Markets Correcting Before Year-End — Energy Journal

     

     

    Here’s your morning jolt of news, insight and analysis on the global energy business. Send us tips, suggestions and complaints: EnergyJournal@wsj.com Sign up for this newsletter: http://on.wsj.com/EnergyJournalSignup [wsj-responsive-image P=”http://si.wsj.net/public/resources/images/BN-MW623_SBMIDL_P_20160302135050.jpg” J=”http://si.wsj.net/public/resources/images/BN-MW623_SBMIDL_J_20160302135050.jpg” M=”http://si.wsj.net/public/resources/images/BN-MW623_SBMIDL_M_20160302135050.jpg” caption=”A pumpjack sits on the outskirts of Midland, Texas.” credit=”Getty Images” placement=”Inline” ] UAE ENERGY MINISTER SEES PRODUCERS FORCED TO FREEZE OUTPUT Global crude markets will see […]

     
  • 1 DAY AGOMONEYBEAT

    China’s Falling Reserves Catch a Break

     

     

    China got a breather on foreign exchange depletion in February. A lasting change in sentiment about the yuan, however, will be harder to engineer.

     
  • 1 DAY AGOMONEYBEAT

    Wealth Adviser Daily Briefing: Time for Advisers to Bring Up the ‘F’ Word. ‘Fiduciary,’ That is

     

     

    Financial advisers should be talking to clients about the pending rule from the Labor Department that will toughen standards for retirement account advice, but many are experiencing a sort of paralysis, one practice management expert tells Wealth Adviser at WSJ.com. Advisers have “an opportunity today to frame the conversation with clients,” but in many cases those […]

     
  • 1 DAY AGOMARKETS

    Europe’s Banks Find a Dumping Ground for Their Losses

    Everything from bad acquisitions to penalties is being put into ‘corporate centers’

     

    ‘Corporate centers’, a vaguely defined area set up as a catch-all for shared costs, is becoming a dumping ground for losses related to everything from bad acquisitions to penalties for wayward business practices.

     
  • 1 DAY AGOMARKETS

    Old Mutual Shares Soar on Breakup Speculation

    Banking and investment company says strategic review is considering all options

     

    Shares in Old Mutual soared as much as 11% amid speculation about a possible breakup of the banking and investment company after it said it was considering all options as part of a strategic review.

     
  • 1 DAY AGOMARKETS

    UAE Energy Minister Sees Global Crude Markets Correcting Before Year-End

    Current prices are forcing oil producers to freeze output, while demand remains solid, says minister

     

    Global crude markets will see a correction before the end of this year as current prices are forcing all producers to freeze their production, the United Arab Emirates’ energy minister said Monday.

     
  • 1 DAY AGOMARKETS

    China Shares Climb After Authorities Set Goals for Economic Growth

    Investors’ expectations of greater government spending on public projects give a boost to both ‘old’ and ‘new’ economy stocks

     

    Chinese shares rallied Monday as investors focused on China’s plans to prop up the slowing economy, boosting stocks in such sectors as construction, technology and pharmaceuticals.

     
  • 1 DAY AGOMONEYBEAT

    WSJ City: All Eyes on the ECB; Brexit Spat Claims BCC Director General

     

     

    Good morning from London, Welcome to this new newsletter from WSJ City, the Wall Street Journal’s new mobile-native news app for London’s business and finance readers. WSJ City brings together world-class, award winning journalism from The Wall Street Journal, Financial News, Heard on the Street, MoneyBeat and MarketWatch, plus exclusive news from WSJ City’s team of London-based […]

     
  • 1 DAY AGOMARKETS

    REITs Won’t Put You in the Penthouse Yet

    The bull run for real-estate investment trusts since the financial crisis makes them pricey

     

    The bull run that real-estate investment trusts have been on since the financial crisis makes them pricey.

     
  • 1 DAY AGOMARKETS

    U.S. Disrupts China’s Technology Plans

    A possible U.S. export ban on components destined for ZTE shows how reliant China remains on foreign hardware

     

    A possible U.S. export ban on components destined for Chinese tech giant ZTE shows how reliant China remains for foreign hardware.

     
  • 1 DAY AGOMARKETS

    Hillary Clinton’s New Gambit: Auto Bailout vs. Wall Street Ties

    Pressed on financial-industry ties, Clinton attacks Democratic rival Bernie Sanders for refusing to back bailout package that helped car industry

     

    After long playing defense over her close ties to Wall Street, Democratic presidential front-runner Hillary Clinton tried to shift the terms of the argument at the Democratic debate, blasting her challenger for opposing financial-industry bailout funds that were also used to keep afloat the auto industry in 2009.

     
  • 1 DAY AGOMARKETS

    Investors Fret as ECB Looks Poised to Get More Negative

    Some fear unintended consequences as European Central Bank is expected to cut a key rate further into negative territory

     

    The ECB is expected to push a key interest rate further into negative territory on Thursday, a move that is at once widely anticipated by markets and viewed with trepidation.

     
  • 1 DAY AGOMARKETS

    What to Know About Disability Insurance

    And answers to other questions often asked about retirement finances

     

    Ask Encore offers answers to commonly asked questions about retirement finances.

     
  • 1 DAY AGOMARKETS

    What Is the Presidential Predictor?

    The results of presidential elections have a strong correlation to the stock market

     

    The results of presidential elections have a strong correlation to the stock market.

     
  • 1 DAY AGOMARKETS

    A Q&A on Paying for College

    A Roth IRA “counts” against financial aid

     

    A Roth IRA “counts” against financial aid. Our latest college Q&A column.

     
  • 1 DAY AGOMARKETS

    Investing in Iran? Frontier Market Opens Up

    Iran funds are still broadly prohibited for U.S. investors, but Europeans have a freer hand

     

    Investing in Iran-tied mutual funds is still broadly prohibited for U.S. investors. But for Europeans, it can be done.

     
  • 1 DAY AGOMARKETS

    World’s Problems Get This Manager Going

    David Marcus, manager of Evermore Global Value fund, is excited by bargain share prices

     

    David Marcus, manager of Evermore Global Value fund, is excited by bargain share prices.

     
  • 1 DAY AGOMARKETS

    Happy 7th Anniversary (Not) for Bull Market

    U.S.-stock funds are down 6.4% for the year so far

     

    It isn’t a giddy seventh anniversary of the bull market. U.S.-stock funds are down 6.4% for the year so far.

     
  • 1 DAY AGOMARKETS

    Trend-Following Fund Plays It Right

    Calls on stocks, bonds, commodities and currencies pay off

     

    Calls on stocks, bonds, commodities and currencies pay off for Natixis ASG Managed Futures fund.

     
  • 1 DAY AGOMARKETS

    Bear Markets Can Be Shorter Than You Think

    Bear markets are painful, but don’t last as many years as some investors might fear

     

    Mark Hulbert on why bear markets are painful, but don’t last as many years as some investors might fear.

     
  • 1 DAY AGOMARKETS

    ‘Do Good’ Funds Make a Push for Your 401(k)

    Sustainable-investment firms have made small inroads in retirement accounts

     

    Sustainable-investment firms have made inroads in retirement accounts but there is a long way to go.

     
  • 1 DAY AGOMARKETS

    Get Ready to Be Told: You Don’t Know Money

    Financial Literacy Month is almost here. Is it a marketing gimmick?

     

    Financial Literacy Month is almost here. It’s about balancing checkbooks. And a bit of a marketing gimmick.

     
  • 1 DAY AGOMARKETS

    MoneyBeat: Estimates Fall in a Hurry

     

     

    Wall Street’s earnings estimates for S&P 500 companies are falling at the fastest pace since the height of the financial crisis.

     
  • 1 DAY AGOMARKETS

    PricewaterhouseCoopers Names Robert E. Moritz Global Chairman

    Accounting firm’s U.S. chairman since 2009 to replace Dennis Nally, who will retire in June

     

    Accounting firm PricewaterhouseCoopers has named Robert E. Moritz as its new global chairman effective July 1. Mr. Moritz has been PwC’s U.S. chairman and senior partner since 2009.

     
  • 1 DAY AGOMARKETS

    Credit Suisse Wealth-Management Head Has a Tough Task

    Iqbal Khan’s mission—revamp a patchwork of disparate businesses—would be a challenge even in good times

     

    For Iqbal Khan, the man charged with running the international wealth-management business at Credit Suisse Group, the timing has been awful.

     
  • 2 DAYS AGOMARKETS

    Shake Shack Isn’t Appetizing at This Price

    As Shake Shack gets set to report fourth-quarter earnings, the stock’s valuation is too beefy to justify at these levels

     

    As Shake Shack gets set to report fourth-quarter earnings, the stock’s valuation is too beefy to justify at these levels.

     
  • 2 DAYS AGOMARKETS

    China’s IPO Reform Plan Takes Back Seat to Stability

    Premier Li Keqiang made no reference to IPO reforms at the opening of China’s annual parliament session

     

    China’s leaders signaled new rules to free up company listings will be introduced later than many investors were expecting, in the latest sign that ensuring stability has become Beijing’s policy priority.

     
  • MAR 6, 2016MARKETS

    China’s Lowered Growth Target: What the World Can Expect

    Even if China hits its inflation and growth targets, lending growth is going much faster, so debts overall will continue to rise

     

    China’s lower growth target is still too high, and Beijing will do things it shouldn’t, especially pumping lending into the economy, to get there.

     
  • MAR 6, 2016MARKETS

    Donald Trump’s Three Friends in Finance

    Carl Icahn and Andrew Beal, who once teamed up against Donald Trump in a legal battle, and real-estate investor Thomas Barrack are backing him

     

    Among the most surprising of Donald Trump’s supporters are two billionaire financiers who once teamed up against him in a legal battle. A real-estate investor also endorsed him.

     
  • MAR 5, 2016MARKETS

    China’s Surging Credit Has Some Raising the Caution Flag

    China Resources chairman says he is closely watching risks tied to expanding money supply

     

    A credit boom is creating anxiety among executives and economists over heightened risks in China’s financial system and a wave of soured loans.

     
  • MAR 5, 2016BUSINESS

    Urban Outfitters, Aéropostale Push for a Turnaround

    Investors will scan earnings reports of teen-oriented retailers for signs of recovery

     

    When Urban Outfitters and Aéropostale report earnings, investors will be looking for signs of a recovery in the struggling teen-retail sector. Store chains catering to teens have been hard hit in the past few years by declining mall traffic and changing tastes that eschew logo-laden clothes.

     
  • MAR 5, 2016MARKETS

    The Truth About Tax Records: An Index Card Can Make or Break You

    Put your records in order now to cope with a potential IRS challenge

     

    Working on your tax return? Put your records in order now to cope with a challenge from the Internal Revenue Service down the road.

     
  • MAR 5, 2016MONEYBEAT

    5 Charts From the Week in Markets

     

     

    Stocks shake off recession fears; oil and emerging markets rebound; clouds gather over startup valuations.

     
  • MAR 5, 2016MARKETS

    BlackRock Suspends Issuance of New iShares Gold Trust Shares

    Firm says an administrative oversight left it unable to meet demand for exchange-traded product

     

    BlackRock said it suspended the issuance of new shares in its roughly $8 billion gold exchange-traded product due to an administrative oversight, the latest setback for the world’s largest asset-management firm and the exchange-traded fund industry.

     
  • MAR 5, 2016MONEYBEAT

    U.S. Stocks Hit Two-Month High as Good Times Roll

     

     

    Welcome to Evening MoneyBeat, WSJ’s closing-bell roundup of all the news and developments in the capital markets. To receive this newsletter, click here: http://on.wsj.com/MoneyBeatEveningSignup HOW WE GOT HERE This just in: Recession fears are out. U.S. stocks rose on Friday, with the Dow cresting to a two-month high, after the February jobs report came in stronger […]

     
  • MAR 5, 2016MONEYBEAT

    After Jobs Report, Economy Is Almost Meeting Expectations

     

     

    After a jobs report that, despite some weaknesses, beat analyst forecasts, a gauge of how well economic data matches expectations is close to turning positive.

     
  • MAR 5, 2016MARKETS

    Stocks Advance for Third Week in a Row

    Just weeks after a market swoon had left investors doubting the strength of U.S. expansion, shares are climbing

     

    Just weeks after a market swoon had left investors doubting the strength of the U.S. expansion, shares are climbing.

     
  • MAR 5, 2016MARKETS

    Oil Prices Jump as Drilling Drops

    Number of oil and natural-gas rigs fell to just above the record low in the past week

     

    U.S. oil prices rose for a third consecutive week as drilling continued to decline.

     
  • MAR 5, 2016MARKETS

    Fed Eases Plan to Limit Big Banks’ Credit Exposure to One Another

    Eight U.S. banks deemed ‘systemically important’ and large foreign banks to face toughest limits

     

    The Federal Reserve eased its plan to limit big banks’ credit exposure to one another, taking into account industry concerns as it continues to hone rules aimed at restricting the financial interconnections that exacerbated the 2008 crisis.

     
  • MAR 5, 2016MARKETS

    AMC’s Carmike Deal: Worth the Price of Admission

    AMC Entertainment shareholders should benefit from the company’s ability to quickly cut costs at Carmike

     

    AMC Entertainment shareholders should benefit from the company’s ability to quickly cut costs at Carmike Cinemas.

     
  • MAR 5, 2016MARKETS

    Wall Street Can’t Trade Its Way Out of This Jam

    Lackluster trading is likely to weigh once again on banks’ first-quarter results

     

    Lackluster trading is likely to weigh once again on banks’ first-quarter results.

     
  • MAR 5, 2016MARKETS

    U.S. Stocks Gain After Jobs Report; Dow Tops 17000

    American economy adds 242,000 jobs in February

     

    The Dow Jones Industrial Average climbed above 17000 for the first time in nearly two months on Friday as data showed the U.S. economy created more jobs than expected in February.

     
  • MAR 5, 2016MARKETS

    Natural Gas Rises From Multi-Decade Low

    Robust production and sluggish demand add to the oversupply

     

    Natural gas prices settled higher after falling to a fresh multi-decade low, but concerns about a glut of fuel capped gains.

     
  • MAR 5, 2016MARKETS

    Dollar Gives Back Gains on Mixed U.S. Jobs Report

    Employers pick up the pace of hiring, but average hourly earnings, wages drop

     

    The dollar gave back earlier gains Friday, as mixed February jobs data led investors to believe a rate increase from the Federal Reserve remains distant.

     
  • MAR 5, 2016MONEYBEAT

    Earnings Estimates Face Deepest Cuts Since Financial Crisis

     

     

    Wall Street’s earnings estimates for S&P 500 companies are falling at the fastest pace since the height of the financial crisis.

     
  • MAR 5, 2016MONEYBEAT

    Gold, Trump, Jobs – the Food Fight Podcast

     

     

    If you look through the markets, the economy, even the presidential debates, there is a common thread, one that we found at the end of this week’s Financial Food Fight.

  • MAR 5, 2016MARKETS

    U.S. Government Bonds Post Biggest Weekly Selloff Since November

    Yield on 10-year bond hits one-month high after Labor Department’s report

     

    Fresh signs of a robust U.S. labor market drove investors to sell U.S. government debt Friday, sending the yield on the benchmark 10-year note to a one-month high.

     
  • MAR 5, 2016MONEYBEAT

    Treasury Funds, ETFs Suffer First Outflow of 2016

     

     

    The bond-fund industry is showing signs of a shift away from gloom and doom amid a broad-based recovery of riskier assets over the past few weeks.

     
  • MAR 5, 2016MONEYBEAT

    Radical Investing Advice: Do Nothing, Nada, Zilch, Zippo

     

     

    For some people, the best way to hit the investment target is by not even taking aim.

     
  • MAR 5, 2016MARKETS

    The Commodities Rally Isn’t Built to Last

    Friday’s U.S. trade data say markets predicting a global economic rebound are wrong and that the global economy is weak at best

     

    Are the markets, especially recently buoyant commodities and emerging markets, correctly predicting a ​global economic rebound? Friday’s U.S. trade data say these markets are wrong.

     
  • MAR 5, 2016MONEYBEAT

    ‘Very Strong’ Pace of New Jobs – Podcast

     

     

    The U.S. economy added 242,000 jobs in February, a “very strong” pace of creation, Blackrock’s Jeffrey Rosenberg said on Friday’s MoneyBeat podcast, and that will alleviate some of the fears about a possible U.S. recession.

  • MAR 5, 2016MARKETS

    It’s Time to Say the ‘F’ Word. ‘Fiduciary,’ That Is.

    Financial advisers need to speak with clients about the Labor Department’s pending rule, a practice-management expert says

     

    Financial advisers need to speak with clients about the Labor Department’s pending rule, a practice-management expert says.

     
  • MAR 5, 2016MARKETS

    Gold Prices Hit One-Year High

    Investors betting the Federal Reserve is no closer to raising interest rates after U.S. employment data

     

    Gold prices rose Friday, as investors bet the Federal Reserve was no closer to raising interest rates after U.S. employment data showed wages fell in February.

     
  • MAR 5, 2016REAL TIME ECONOMICS

    The ‘Other’ Dakota Leads the Nation in Economic Growth

     

     

    South Dakota emerged from the shadow of its northern neighbor to lead the nation in economic growth during the third quarter of 2015. North Dakota’s economy? Dead last.

     
  • MAR 5, 2016MARKETS

    U.S. Oil Rig Count Falls to 2009 Levels

    First time level has fallen below 400 since late 2009

     

    The U.S. oil-rig count fell by eight to 392 in the latest week, according to Baker Hughes Inc., reaching levels last seen in late 2009.

     
  • MAR 5, 2016MARKETS

    Biotech Stocks: Have They Found Their Mojo?

    Sector stabilizes, but the road forward isn’t entirely smooth

     

    Biotechnology stocks have stabilized, but the road forward isn’t entirely smooth.

     
  • MAR 5, 2016REAL TIME ECONOMICS

    This Is the Largest Job-Growth Streak Ever—Kind Of

     

     

    This is the biggest streak of job creation in recorded history. As long as you don’t think about it too hard.

     
  • MAR 5, 2016MONEYBEAT

    Key Milestones for Stocks: Dow Clears 17,000, S&P Passes 2,000

     

     

    A ‘Goldilocks’ jobs report is giving stocks a boost Friday.

     
  • MAR 5, 2016MONEYBEAT

    Why the Dollar’s Weakness May Not Last

     

     

    The U.S. market has had it good in recent weeks: Data has been largely positive, while the U.S. dollar has remained weaker against its major peers. That may not last.

     
  • MAR 5, 2016MONEYBEAT

    Deeper Negative Rates Could Squeeze Banks in Southern Europe Hardest

     

     

    Lower interest rates might not only put considerable pressure on bank profitability, but also squeezes the hard hit banks on Europe’s southern fringe most severely.

     
  • MAR 5, 2016MARKETS

    Italian Bank Shares Suffer Heavy Losses

    Banca Carige troubles drag down other lenders

     

    Italian banking shares are suffering heavy losses after the European Central Bank demanded that troubled lender Banca Carige SpA present new funding and strategic plans to shore up its finances and meet supervisory requirements.

     
  • MAR 5, 2016MARKETS

    Jobs Report and the Fed: Slow Down to Speed Up

    Fed still needs to tread carefully on raising rates after solid data

     

    The February jobs report was good enough to prove wrong recent fears the U.S. is in danger of slipping into recession, but the Federal Reserve still needs to tread carefully on raising rates.

     
  • MAR 5, 2016BUSINESS

    Staples Profit Misses Views

    Sales decline in business machines and technology accessories

     

    Staples Inc. swung to a fourth-quarter profit, though its results came in below Wall Street views, as sales declined while the company continues to seeks regulatory approval for its deal to buy rival Office Depot Inc.

     
  • MAR 5, 2016MARKETS

    Why London’s Commercial Property Market Is Offering Rare Bargains

    Brexit and less cash from emerging markets remain key concerns

     

    U.K. property shares are pricing in the next crash. A slowdown looks more likely.

     
  • MAR 5, 2016MONEYBEAT

    Are You Smarter Than a Quant? Here Are 5 Questions from the MoMath Masters Contest

     

     

    A few times a year, some of the top quants on Wall Street get together to compete over math puzzles. Here are five questions from their latest competition.

     
  • MAR 5, 2016MARKETS

    Norway Taps Oil Fund for First Time as Falling Oil Price Takes Its Toll

    Fund will continue to grow, at least as long as its returns outpace government spending, says official

     

    Norway’s government in January tapped into its sovereign-wealth fund to cover its expenses, for the first time since the fund was established in 1996, in another sign that falling oil revenues are taking a toll on crude producers.

     
  • MAR 5, 2016REAL TIME ECONOMICS

    The February Jobs Report in 14 Charts

     

     

    The guts of the monthly employment report provide a more textured view of the job market. Here’s the latest overview, in charts.

     
  • MAR 5, 2016REAL TIME ECONOMICS

    Economists React to the February Jobs Report: ‘Concerns Over Recession Are Overblown’

     

     

    The U.S. labor market rebounded in February with employers adding 242,000 jobs. But wages declined for the first time in more than a year. Here’s how economists and analysts reacted to the report.  “This report shows more people going to work, but no burgeoning inflation. While the headline numbers in the report are important, many Americans […]

     
  • MAR 5, 2016MARKETS

    AMC’s Deal for Carmike Cinemas Boosts Chinese Control of U.S. Theaters

    Deal would make Chinese-owned AMC the largest movie-theater operator in U.S.

     

    AMC Entertainment agreed to buy Carmike Cinemas in a cash deal that would make a Chinese-owned company the largest movie-theater operator in the U.S.

     
  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Stocks have now turned negative

     

    Stocks have now dipped slightly into negative territory, with the S&P 500 down 2 points.

    With that, we’ll call it a morning. Thanks for joining us.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Piecing together the tea leaves

     

    Seems to me, just offhand and trying to glean something from everything I’m reading this morning, that the market’s baseline Fed scenario is no hike for March, but they will be reading the March statement like hawks (no pun intended) for signs of when the next hike is coming, because they believe now that one is indeed coming. That wasn’t the case too long ago.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    There’s a growing split among Fed officials

     

    Bloomberg News

    The report likely will accentuate a growing split among Fed officials.

    On one side are regional Fed bank presidents such as San Francisco’s John Williams, Richmond’s Jeffrey Lacker and Kansas City’s Esther George who continue to press for rate increases this year.

    In the other camp are policy makers who prefer to take a more cautious approach and wait until the effects of the global financial turmoil and the fall in oil prices have played themselves out. Count the Dallas Fed’s Robert Steven Kaplan, Boston’s Eric Rosengren and Philadelphia’s Patrick Harker among them.

    =

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    S&P 500 is up 3 points to 1996 just after the open

     

    The S&P 500 is up 3 points to 1996 just after the open. The Dow rises 21. The Nasdaq composite and the Russell up fractionally as well.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Dollar strength coming?

     

    Could we be getting ready to see the dollar broadly rise again? Sure, this jobs report isn’t doing much for the dollar right now–the WSJ Dollar Index is actually down on the day–but let’s look at what else is on the calendar.

    The European Central Bank is due to meet next Thursday. After the last meeting, traders sent the euro sharply higher against the dollar, the opposite reaction than what most think the ECB was going for.

    “The ECB did not like the impression that it under-delivered in December,” said Steve Barrow, head of G10 Strategy in London at Standard Bank, in a note. “So, this time around we would expect the ECB to try to over-deliver.”

    That could fuel another round of dollar strengthening, he says.

    Alan Ruskin, a macro strategist at Deutsche Bank, looked at the so-called misery index, which measures the unemployment rate and inflation. When misery falls, as it has been doing, the dollar strengthens, he finds. His conclusion: we’re a long way from a top in the dollar.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Market check

     

    U.S. markets are set to open in about five minutes, and the major averages are poised for fractional increases. S&P futures waffled a bit after the report, first rising then falling. They’ve pared some of their losses though, down about five points from where they were just before the report hit the tape.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Stock headwinds remain despite the strong jobs report

     

    Together with other positive U.S. economic data, the February jobs report looks good to stock investors, says David Lefkowitz, senior equity strategist at UBS Wealth Management Research.

    “There has been a lot of concern about the strength of the US expansion, and in the last few weeks we’ve seen better economic data, and the jobs report confirms that data is getting a little bit stronger,” he says, adding that recession fears will continue to diminish.

    Still, the overhang of the oil and gas sector and its severe cost-cutting efforts remains, as do worries about contracting first-quarter earnings, Mr. Lefkowitz says. “We have this headwind coming from the reduced amount of investment spending in the U.S. economy, and I think that’s still going to be a depressant in the next several months.”

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    A ‘Goldilocks’ report

     

    With payrolls up, the unemployment rate remaining below 5%, wages declining and rate expectations little changed, February’s report is one of “Goldilocks variety: Not too hot, not too cold,” said Mark Hamrick, senior economic analyst at Bankrate.com.

    The report further quells fears of a possible U.S. recession. But it shows that inflation still has a ways to go before reaching the Fed’s target. In that sense, it’s a Goldilocks number.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    New record for jobs growth

     

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Breaking down the wage picture, part II

     

    Now we get to my favorite part of the BLS report, matching up who was hiring with who was paying. For this exercise, I have the report open on three separate tabs: one is the press release, another is table B-1, which breaks down the jobs by sector, and a third is table B-8, which breaks down the sectors by salary. I’m looking at the yearly rise, since that seems like a better gauge of real wage growth. Keep in mind, too, these numbers are not adjusted for inflation.

    Health care and social assistance added 57,000 jobs in February. Wages for education and health services rose 2.1%, to $22.40 from $21.94.

    Retail trade added 55,000 jobs in February. Wages in that sector rose 2%, to $14.95 from $14.65.

    Food services and drinking places added 40,000 jobs in February. Leisure and hospitality wages rose 2.5%, to $12.64 from $12.33.

    Those were the top three sectors for jobs growth in February. They are also three of the lowest paying sectors.  Retail and hospitality are the two lowest paying, in fact.

    Fourth on the list was education, which created 28,000 jobs in February. Its wages are captured in that education and health services number I referenced above.

    Construction came in fifth, adding 19,000 jobs, and was the last sector that added enough jobs for the BLS to break it out in the release. Wages in that sector rose 2.9%, to $25.41 from $24.69.

    There’s an interesting footnote to table B-8, too. It notes that the data cover production employees in mining and logging and manufacturing, construction, and nonsupervisory staffer in services industries. “These groups account for approximately four-fifths of the total employment on private nonfarm payrolls.”

     

     

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Workforce participation is capping the drop in unemplyment

     

    It’s a good sign for the labor market as the participation rate has ticked up a full half-point from near-40-year lows to 62.9% in February. Folks may be getting off the sidelines in serious numbers and back into the workforce as the market continues to tighten. That shift is keeping the unemployment rate from falling even further.

    A big chunk of the post-crisis decline in joblessness was because of people getting out of the workforce, sending that number to a series of record highs. But those counted as out of the workforce has fallen a seasonally adjusted 758,000 the past four months while the employed is up a big 1.8 million. The unemployment rate, though has only fallen a tenth since October as the number of jobless is down just 84,000 to 7.8 million.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    On the pullback in wages

     

    The most negative part of this month’s jobs report seems to be average hourly earnings for private-sector workers, which fell 0.1% from the previous month. That was below expectations for a 0.2% rise.

    One thing to remember is that we got a big rise last month. Average hourly earnings surged 0.5% in January. That means we may have been due for a pullback, which is what we got.

    The reading is “simply an offset to the strong gain in Jan and suggests that wage gains remain tame if positive,” said David Ader, head of rates strategy at CRT Capital Group, in a note after the release.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    European stocks rise

     

    European markets rose after the jobs number crossed the wire, with the STOXX Europe 600 now up 1.2% to 343.60, stronger than the gains of 0.6% seen before the release. The FTSE gains 1.1% to 6200. The German DAX gains 1.3% to 9875.1.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    Dollar rises in strong jobs data

     

    The dollar rises after the jobs number comes in well above the 200,000 expected in the WSJ poll. However, evidence of pressure on wages may call into question whether the Federal Reserve will hike interest rates, which could limit dollar gains.

    EUR/USD turns 0.3% lower to $1.0914, down from $1.0971 before the release; USD/JPY is at 114.07, up from 113.81 previously; and GBP/USD is down 0.3% at $1.4117, down from $1.4141 beforehand.

  • MAR 5, 2016REAL TIME ECONOMICS

    The Typical U.S. Worker May Get Bigger Raises Than in the Jobs Report

     

     

    The wage measure featured in Friday’s jobs report may undershoot raises for the bulk of U.S. workers.

     
  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

     

    Job growth occurred in health care and social assistance, retail trade, food services
    and drinking places, and private educational services. Mining employment
    continued to decline.

    Health care and social assistance added 57,000 jobs in February.

    Retail trade continued to add jobs in February, with 55,000 added.

    Food services and drinking places added 40,000 jobs in February. Over the year, employment in the industry has grown by 359,000.

    Employment in private educational services rose by 28,000 in February,  after edging down by 20,000 in the prior month.

    Construction employment continued to trend up in February with a gain of 19,000. Of that, 14,000 was in residential specialty trade contractors. Employment in construction is up by 253,000 over the past 12 months, with residential specialty trade contractors accounting for about half of the increase.

    Employment in mining fell by 19,000. Since a recent peak in September 2014, mining has shed 171,000 jobs, with more than three-fourths of the loss in support activities for mining.

    Employment in other major industries, including manufacturing, wholesale  trade, transportation and warehousing, financial activities, professional and business services, and government, showed little change over the month.

  • MAR 5, 2016LIVE BLOG FEBRUARY JOBS REPORT: EVERYTHING YOU NEED TO KNOW

    January revised higher

     

    January was revised up to 172,000 from 151,000. December was revised to 271,000.

    Dollar Loses Ground Against Euro, Yen After Poor China Data

    Renewed fears about growth reinforce doubts about a Fed rate increase this year

     

    The dollar dropped against the euro and the yen, as renewed fears about China’s economic growth reinforced doubts about a rate increase from the Federal Reserve later this year.

     
     
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