Articles by: Richard Conner

Stocks Regain Uptrend on Bullish Labor Market

Stocks Regain Uptrend on Bullish Labor Market

Wall Street reversed small pre-market losses and was now trading modestly higher with the Nasdaq setting another record high on gains in the healthcare sector. Stocks were underpinned after the open by buoyant labor market data, and a greater-than-expected gain in November wholesale inventories and sales, as well as by a slight correction in the dollar that is easing pressure[Read More…]

by January 10, 2017 0 comments Stock News, Stocks
Middle East Stocks Mostly Gain

Middle East Stocks Mostly Gain

MidEast shares mostly rose, with Egypt rising to a record high. In company news, Palm Hills Development said it signed an agreement with the Ministry of Housing to buy a major plot in West Cairo to build a new project close to the company’s existing developments. Dubai Islamic Bank said it had completed the sale of its 20.8% stake in[Read More…]

by January 4, 2017 0 comments Business
Bonds Trim Post-Auction Gains

Bonds Trim Post-Auction Gains

U.S. Treasuries pushed higher late Thursday following another solid Treasury auction with the market seeing added support on reports of pension and insurers on the buy side in programmed asset allocation. Futures showed sizable upticks in volumes on the rallies with the five-year leading. The 30-year backed off to unchanged near 3.086% after a rally to 3.065%. The 10-year was[Read More…]

by December 29, 2016 0 comments Business
Asian ADRs Move Lower in Thursday Trading

Asian ADRs Move Lower in Thursday Trading

American depository receipts of Asian stocks were trading 0.65% lower at 142.74 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by software firm Gridsum (GSUM), and social networking company Renren (RENN), which climbed 4% and 3.6% respectively. They were followed by semiconductor companies Semiconductor Manufacturing International (SMI), and Silicon[Read More…]

by December 22, 2016 0 comments Stock News, Stocks
Asian ADRs Edge Lower in Wednesday Trading

Asian ADRs Edge Lower in Wednesday Trading

American depository receipts of Asian stocks were trading 0.12% lower at 143.83 on the Bank of New York Mellon Asia ADR Index on Wednesday. In North Asia, the gainers were led by airline operators China Eastern Airlines (CEA) and China Southern Airlines (ZNH), which climbed 6.4% and 3.5% respectively. They were followed by railway company Guangshen Railway (GSH), higher 3.1%,[Read More…]

by December 21, 2016 0 comments Stock News, Stocks
LATAM Airlines Group Sees 2017 Operating Margin Guidance of 6% to 8%

LATAM Airlines Group Sees 2017 Operating Margin Guidance of 6% to 8%

by December 19, 2016 0 comments Stock News, Stocks
Data Stalls Dollar’s Post-FOMC Rally

Data Stalls Dollar’s Post-FOMC Rally

The dollar’s gravity-defying run against the majors on the heels of a U.S. rate hike stalled on the combination of profit-taking pressure as well as soft wage data in the consumer price index. The data-release right after the North American open was almost overwhelmingly dollar-friendly, but traders used an anemic increase in wages as an excuse to cash in on[Read More…]

by December 15, 2016 0 comments Business
Asian ADRs Move Lower in Wednesday Trading

Asian ADRs Move Lower in Wednesday Trading

American depository receipts of Asian stocks were trading 0.26% lower at 147.19 on the Bank of New York Mellon Asia ADR Index on Wednesday. In North Asia, the gainers were led by Semiconductor Manufacturing International (SMI), and utility company Korea Electric Power (KEP), which rose 5.3% and 2.4%respectively. They were followed by Korean steel producer POSCO (PKX), up 2.2%, and[Read More…]

by December 14, 2016 0 comments Business
Technology Stocks Overtake Energy Sector for Session Lead

Technology Stocks Overtake Energy Sector for Session Lead

Technology stocks were posting outsized gains today, with shares of tech companies in the S&P 500 racing to a 1.5% advance during afternoon trading. In company news, Harmonic Inc (HLIT) rose Tuesday after the video infrastructure company said it was selected by the state-appointed operator of satellite telecom services in Ukraine to support its direct-to-home service delivery system with the[Read More…]

by December 13, 2016 0 comments Business
Stock Indexes Mixed in Early Trading

Stock Indexes Mixed in Early Trading

Stock indexes were mixed in early trading Monday as investors prepare for the Federal Reserve’s decision later this week on whether to raise interest rates. The Fed’s Federal Open Markets Committee will decide this week whether it wants to bring the federal funds rate above the current 0.25% to 0.5% mark where it’s been since last December. The CME Group’s[Read More…]

by December 12, 2016 0 comments Stock News, Stocks