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42209fd2058ee7c93fa0be9398365b12
https://www.reuters.com/article/markets-global-idUKL3N0LS0WM20140223?edition-redirect=uk
GLOBAL MARKETS-Stocks sluggish, dollar firms as G20 reaction muted
GLOBAL MARKETS-Stocks sluggish, dollar firms as G20 reaction muted By Lisa Twaronite4 Min Read * G20 in Sydney aspires to faster global growth goal * Dollar index pushes higher after first weekly gain in three weeks TOKYO, Feb 24 (Reuters) - Asian stocks wobbled and the dollar firmed in early trade on Monday, as investors appeared to give no more than a passing nod to the Group of 20’s latest commitment to spur faster global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan was struggling to turn positive, while Australian shares shed about 0.1 percent. On Wall Street on Friday, stocks were off slightly on options-related expirations. The final weekend communique from the two-day meeting of G20 finance ministers and central bankers in Sydney said they would increase investment and employment, generating more than $2 trillion in additional output over five years while creating tens of million of new jobs, signalling optimism that the worst of crisis-era austerity was past. The communique acknowledged emerging nations’ concerns that the Federal Reserve consider the impact of its monetary stimulus withdrawal, which has led to bouts of capital flight from some of those markets. However, minutes released last week from the Fed’s most recent meeting showed that policymakers generally “anticipated that the economy would expand at a moderate pace in coming quarters,” suggesting the pace of stimulus-tapering will continue for now. “There was no realistic expectations that EM would get any relief but they may be more vulnerable to bad news in the aftermath.” said Steven Englander, head of G10 currency FX strategy at CitiFX, in a note to clients. “Similarly the free pass to tapering may be mildly USD positive,” Englander added. The dollar edged up against a basket of currencies after posting its first weekly gain in three weeks. The dollar index rose to 80.254, moving away from last week’s low of 79.927 touched on Wednesday, which was its lowest since late last year The dollar rose about 0.1 percent to 102.58 yen, after rising to a three-week high of 102.82 yen on Friday. The euro also added about 0.1 percent on the day to 140.92 yen, after touching 141.26 yen on Friday, its loftiest level since Jan. 24. The yen is likely to remain under pressure on expectations of more easing steps from the Bank of Japan. A Reuters poll last week showed the BOJ is expected to ease monetary policy further by the summer, to give the economy a lift as the effects of the government’s stimulus begins to wane. Economists surveyed remain sceptical that the central bank will achieve its 2 percent inflation target by early next year. The euro was nearly flat on the day at $1.3738, not far from a high of $1.3773 touched on Wednesday, its highest level since Jan. 2. Investors await euro zone inflation on Friday to gauge whether the European Central Bank has enough ammunition to ease monetary policy at its next meeting on March 6. “The weaker the data, the more the speculation will likely mount that the ECB will take additional action,” Marc Chandler, chief global currency strategist with Brown Brothers Harriman, said in a research note. “The point is that between the data, ECB meeting and the US employment data on March 7, there is sufficient event risk to deter a strong euro gains from here,” Chandler said. Our Standards: The Thomson Reuters Trust Principles.
09394ebf8b4ddd11f5d8e92c896859cb
https://www.reuters.com/article/markets-global/global-markets-global-stocks-oil-fall-on-swine-flu-fears-idUSN2729902520090427
GLOBAL MARKETS-Global stocks, oil fall on swine flu fears
GLOBAL MARKETS-Global stocks, oil fall on swine flu fears By 4 Min Read * Wall Street follows Europe, Asian markets lower * Bond prices rise as flu jitters spur safety bid * Dollar, yen gain as pandemic fears stoke risk aversion * Oil falls below $49 a barrel on worries of slowdown (Updates with U.S. markets; changes dateline, previous LONDON) By Herbert Lash NEW YORK, April 27 (Reuters) - Stocks worldwide and oil prices fell on Monday on fears that a possible flu pandemic could further weaken a global economy thrown into recession by a financial crisis. The dollar and yen strengthened on increased risk aversion as the flu outbreak, which began in Mexico and spread to the United States and Europe, threatened to put a halt to signs of a nascent global recovery. The dollar is a safe-haven in times of stress. Gold, often a recipient of money flows when investor risk aversion rises, fell due to a stronger dollar. Gold also was driven lower by investors who cashed in gains from a four-week high. “Concerns Mexican swine flu could become pandemic after President Obama declared it a public health emergency helped drive the dollar and the yen higher, with the Mexican peso the hardest hit,” said Meg Browne, currency strategist at Brown Brothers Harriman in New York. The Mexican peso MXN= fell 4.16 percent to 13.86 a dollar, while the country's IPC stock index .MXX fell 4.5 percent on. Yields on Mexico's benchmark 10-year peso bond MX10YT=RR rose 14 basis points to 7.86 percent. Benchmark U.S. stock indexes fell more than 1 percent after the market opened but later pared losses. Investors worried a possible flu pandemic could complicate government efforts worldwide to revive the economy. The outbreak in Mexico has killed more than 100 people. The early sell-off on Wall Street was broad based, with airlines and shares of energy companies among the biggest casualties. Airline shares sold off in Asia and Europe on fears world travel will suffer if the flu outbreak spreads further. The AMEX Airline index .XAL slid 9.6 percent, with shares of major airlines, including Continental CAL.N, Delta Air Lines DAL.N, UAL Corp UAUA.O and American Airlines parent AMR Corp AMR.N all down more than double digits. The CBOE Volatility Index .VIX, often called Wall Street's fear gauge, rose almost 6 percent to 38.97. The MSCI world equity index .MIWD00000PUS fell 1.3 percent. U.S. Treasury debt prices rose on a safety bid, temporarily overshadowing worries about large supplies of U.S. government debt being sold to finance a bailout of the U.S. financial system and to stimulate an economic recovery. “The global equity markets saw a severe overnight decline in response to concerns over the swine flu outbreak,” said John Spinello, senior vice president and chief fixed-income technical strategist at Jefferies & Co in New York. “The reaction was a safe-haven bid for Treasuries,” Spinello said. Benchmark 10-year Treasury note yields US10YT=RR eased from near 3 percent late last week to 2.94 percent in early dealings. Their price, moving inversely to yield, rose 17/32 to 98-13/32. Two-year Treasury notes US2YT=RR rose 4/32, their yields easing to 0.90 percent from 0.97 percent on Friday. Oil prices fell nearly 6 percent to below $49 a barrel. U.S. crude oil futures for June delivery were down $3.16 at $48.39 a barrel by 1302 GMT, erasing some of Friday’s gains of $1.93 that brought the contract to settle at $51.55. (Reporting by Edward Krudy, Ellen Freilich and Nick Olivari in New York; Jane Merriman and Jan Harvey in London; writing by Herbert Lash; Editing by Kenneth Barry)
80ae887d340deadeb3ccd8e3dd7732f5
https://www.reuters.com/article/markets-india-forex-turnover/rbi-data-on-indian-forex-turnover-aug-12-to-aug-16-idINL4N297148?edition-redirect=in
RBI data on Indian forex turnover: Aug 12 to Aug 16
RBI data on Indian forex turnover: Aug 12 to Aug 16 By Reuters Staff0 Min Read Jan 2 (Reuters) - The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period Aug 12 to Aug 16, 2019 (All figures in $mln). PURCHASES ---------- Merchant FCY/INR FCY/FCY Spot Forward Forward Spot Forward Forward cancellation cancellation ---------------------------------------------------------------- Aug 12 1 4 0 0 0 0 13 3,038 1,259 1,468 165 185 149 14 3,269 1,350 1,093 185 126 65 15 0 0 0 0 0 0 16 5,077 801 1,023 217 79 88 ---------------------------------------------------------------- 11,385 3,414 3,584 567 390 302 ---------------------------------------------------------------- Interbank FCY/INR FCY/FCY Spot Swap Forward Spot Swap Forward ---------------------------------------------------------------- Aug 12 2 5 0 11 4 0 13 12,639 7,554 484 4,234 1,594 265 14 11,193 7,050 665 3,495 1,346 207 15 0 0 0 1 0 0 16 12,463 8,654 795 5,136 1,645 266 ---------------------------------------------------------------- 36,297 23,263 1,944 12,877 4,589 738 ---------------------------------------------------------------- SALES ------- Merchant FCY/INR FCY/FCY Spot Forward Forward Spot Forward Forward cancellation cancellation ---------------------------------------------------------------- Aug 12 0 0 0 0 0 0 13 2,792 2,851 554 118 142 215 14 2,875 2,204 639 182 127 64 15 0 0 0 0 0 0 16 4,096 2,293 654 220 82 85 ---------------------------------------------------------------- 9,763 7,348 1,847 520 351 364 ---------------------------------------------------------------- Interbank FCY/INR FCY/FCY Spot Swap Forward Spot Swap Forward ---------------------------------------------------------------- Aug 12 6 0 0 11 4 0 13 11,216 9,818 1,345 4,385 1,621 265 14 10,577 7,959 843 3,490 1,351 207 15 0 0 0 1 0 0 16 12,356 9,520 974 4,991 1,591 264 ---------------------------------------------------------------- 34,155 27,297 3,162 12,878 4,567 736 ---------------------------------------------------------------- Our Standards: The Thomson Reuters Trust Principles.
2c3c0c7dda192ea68628dd6850abcd62
https://www.reuters.com/article/markets-india-forex-turnover/rbi-data-on-indian-forex-turnover-aug-26-to-aug-30-idINL4N29714G?edition-redirect=in
RBI data on Indian forex turnover: Aug 26 to Aug 30
RBI data on Indian forex turnover: Aug 26 to Aug 30 By Reuters Staff0 Min Read Jan 2 (Reuters) - The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period Aug 26 to Aug 30, 2019 (All figures in $mln). PURCHASES ---------- Merchant FCY/INR FCY/FCY Spot Forward Forward Spot Forward Forward cancellation cancellation ---------------------------------------------------------------- Aug 26 3,827 1,354 1,392 248 161 132 27 4,853 901 1,412 138 188 185 28 4,558 1,492 2,285 426 244 454 29 4,157 1,511 2,020 196 264 120 30 3,998 1,956 1,590 233 172 151 ---------------------------------------------------------------- 21,393 7,214 8,699 1,241 1,029 1,042 ---------------------------------------------------------------- Interbank FCY/INR FCY/FCY Spot Swap Forward Spot Swap Forward ---------------------------------------------------------------- Aug 26 14,201 7,973 484 4,781 1,377 219 27 11,454 8,595 1,336 4,343 1,804 432 28 11,161 10,026 1,747 5,298 2,487 465 29 11,581 13,064 2,029 5,214 3,044 432 30 11,065 13,004 1,698 4,912 2,255 293 ---------------------------------------------------------------- 59,462 52,662 7,294 24,548 10,967 1,841 ---------------------------------------------------------------- SALES ------- Merchant FCY/INR FCY/FCY Spot Forward Forward Spot Forward Forward cancellation cancellation ---------------------------------------------------------------- Aug 26 3,241 1,874 740 249 156 142 27 3,050 2,187 628 139 188 186 28 3,933 2,703 1,475 426 244 455 29 3,651 2,335 1,286 193 262 120 30 3,996 1,680 1,917 225 178 135 ---------------------------------------------------------------- 17,871 10,779 6,046 1,232 1,028 1,038 ---------------------------------------------------------------- Interbank FCY/INR FCY/FCY Spot Swap Forward Spot Swap Forward ---------------------------------------------------------------- Aug 26 13,802 8,703 704 4,752 1,339 219 27 11,245 8,281 1,442 4,327 1,816 417 28 10,871 10,230 1,768 5,292 2,403 446 29 11,420 13,552 1,866 5,223 3,036 411 30 10,509 13,712 2,071 4,870 2,270 299 ---------------------------------------------------------------- 57,847 54,478 7,851 24,464 10,864 1,792 ---------------------------------------------------------------- Our Standards: The Thomson Reuters Trust Principles.
c47a6da251cd0bead4f696db3ade8324
https://www.reuters.com/article/markets-india-inflows-idINL4N2BP1AO?edition-redirect=in
TABLE-Indian money market inflows in APRIL
TABLE-Indian money market inflows in APRIL By 0 Min Read Apr 1 - Inflows into the Indian Money Market in APRIL from interest payments and redemptions of government securities, state development loans and treasury bills are estimated at 1468.7564 billion rupees. The details of inflows are given below- ============================================================= Instrument Payment Date Amount (mln rupees) ============================================================= Total inflows in APRIL 1468756.42 ============================================================= Up to Saturday, Apr 04 SDL 08.54%, 2033 Interest Apr 03 640.50 (KERALA) SDL 08.56%, 2043 Interest Apr 03 856.00 (TELANGANA) SDL 08.62%, 2033 Interest Apr 03 431.00 (ANDHRA PRADESH) SDL 08.63%, 2038 Interest Apr 03 355.99 (2 States) SDL 08.65%, 2028 Interest Apr 03 432.50 (RAJASTHAN) SDL 08.75%, 2022 Interest Apr 03 175.00 (HIMACHAL PRADESH) SDL 08.85%, 2022 Interest Apr 03 663.75 (2 States) SDL 08.86%, 2022 Interest Apr 03 1683.40 (4 States) SDL 08.88%, 2022 Interest Apr 03 444.00 (UTTAR PRADESH) SDL 07.46%, 2027 Interest Apr 04 373.00 (PUNJAB) SDL 08.42%, 2020 Redemption Apr 04 5210.50 (JAMMU & KASHMIR) Total 11265.64 Up to Thursday, Apr 09 SDL 08.34%, 2020 Interest Apr 07 208.50 (PUNJAB) SDL 08.35%, 2020 Interest Apr 07 626.25 (2 States) SDL 08.37%, 2020 Interest Apr 07 41.85 (GOA) SDL 08.85%, 2021 Interest Apr 07 712.43 (4 States) SDL 08.88%, 2021 Interest Apr 07 444.00 (GUJARAT) SDL 08.89%, 2021 Interest Apr 07 1111.25 (2 States) SDL 08.90%, 2021 Interest Apr 07 1167.94 (2 States) 6.45% 2029 Interest Apr 07 30908.45 SDL 08.36%, 2021 Interest Apr 08 1755.60 (3 States) SDL 08.39%, 2021 Interest Apr 08 209.75 (UTTARAKHAND) 7.27% 2026 Interest Apr 08 19992.50 7.62% 2039 Interest Apr 08 14535.49 SDL 06.74%, 2024 Interest Apr 09 168.50 (TAMIL NADU) SDL 07.15%, 2028 Interest Apr 09 1430.00 (4 States) SDL 07.15%, 2029 Interest Apr 09 679.25 (3 States) SDL 07.17%, 2029 Interest Apr 09 2306.59 (6 States) SDL 07.19%, 2029 Interest Apr 09 539.25 (PUNJAB) SDL 07.19%, 2030 Interest Apr 09 898.75 (2 States) SDL 07.20%, 2029 Interest Apr 09 1080.00 (UTTAR PRADESH) SDL 07.22%, 2032 Interest Apr 09 361.00 (ANDHRA PRADESH) SDL 07.35%, 2049 Interest Apr 09 735.00 (TELANGANA) SDL 09.22%, 2023 Interest Apr 09 677.28 (2 States) SDL 09.25%, 2023 Interest Apr 09 1374.55 (5 States) SDL 09.29%, 2023 Interest Apr 09 743.20 (2 States) SDL 09.30%, 2023 Interest Apr 09 372.00 (CHHATTISGARH) SDL 09.33%, 2023 Interest Apr 09 583.13 (UTTAR PRADESH) SDL 09.35%, 2023 Interest Apr 09 467.50 (WEST BENGAL) SDL 09.39%, 2023 Interest Apr 09 704.25 (BIHAR) 6.30% 2023 Interest Apr 09 4095.00 6.65% 2020 Redemption Apr 09 305929.09 91 days T-Bill Redemption Apr 09 45000.00 182 days T-Bill Redemption Apr 09 40000.00 364 days T-Bill Redemption Apr 09 40000.00 Total 519858.34 Up to Saturday, Apr 18 SDL 06.99%, 2020 Interest Apr 13 349.50 (PUNJAB) SDL 07.09%, 2026 Interest Apr 13 124.08 (2 States) SDL 07.14%, 2026 Interest Apr 13 1249.50 (3 States) SDL 07.15%, 2026 Interest Apr 13 1876.88 (3 States) SDL 07.16%, 2026 Interest Apr 13 1933.20 (3 States) SDL 07.17%, 2026 Interest Apr 13 250.95 (HIMACHAL PRADESH) SDL 07.18%, 2026 Interest Apr 13 179.50 (UTTARAKHAND) SDL 07.22%, 2031 Interest Apr 13 288.80 (ANDHRA PRADESH) SDL 07.27%, 2035 Interest Apr 13 181.75 (ANDHRA PRADESH) SDL 07.51%, 2027 Interest Apr 13 375.50 (KARNATAKA) SDL 07.54%, 2027 Interest Apr 13 263.90 (2 States) SDL 07.55%, 2021 Interest Apr 13 188.75 (ODISHA) SDL 07.55%, 2027 Interest Apr 13 1045.68 (3 States) SDL 07.56%, 2027 Interest Apr 13 1096.20 (2 States) SDL 07.61%, 2027 Interest Apr 13 228.30 (PUNJAB) SDL 07.62%, 2032 Interest Apr 13 381.00 (JHARKHAND) SDL 07.63%, 2027 Interest Apr 13 1182.65 (3 States) SDL 07.64%, 2027 Interest Apr 13 764.00 (KERALA) SDL 07.67%, 2027 Interest Apr 13 767.00 (UTTAR PRADESH) SDL 07.70%, 2037 Interest Apr 13 1540.00 (TELANGANA) SDL 07.75%, 2043 Interest Apr 13 775.00 (TELANGANA) SDL 07.77%, 2028 Interest Apr 13 777.00 (GUJARAT) SDL 07.80%, 2028 Interest Apr 13 1297.96 (5 States) SDL 07.97%, 2028 Interest Apr 13 398.50 (ASSAM) SDL 07.98%, 2028 Interest Apr 13 1596.00 (2 States) SDL 07.99%, 2028 Interest Apr 13 978.78 (PUNJAB) SDL 08.00%, 2028 Interest Apr 13 1400.00 (KERALA) SDL 08.39%, 2020 Interest Apr 13 209.75 (WEST BENGAL) SDL 09.17%, 2022 Interest Apr 13 618.98 (2 States) SDL 09.20%, 2022 Interest Apr 13 690.00 (ANDHRA PRADESH) SDL 08.56%, 2020 Redemption Apr 13 8342.40 (PUNJAB) SDL 08.57%, 2020 Redemption Apr 13 26071.25 (2 States) SDL 08.58%, 2020 Redemption Apr 13 26072.50 (2 States) 7.80% 2021 Interest Apr 13 26148.59 7.73% 2034 Interest Apr 13 38650.00 SDL 07.95%, 2025 Interest Apr 15 546.56 (3 States) SDL 07.96%, 2025 Interest Apr 15 1138.28 (3 States) SDL 07.97%, 2025 Interest Apr 15 1145.69 (2 States) SDL 07.98%, 2025 Interest Apr 15 2474.52 (4 States) SDL 07.99%, 2025 Interest Apr 15 599.25 (BIHAR) SDL 08.01%, 2025 Interest Apr 15 600.75 (PUNJAB) SDL 08.05%, 2025 Interest Apr 15 603.75 (2 States) SDL 08.06%, 2025 Interest Apr 15 987.35 (2 States) SDL 08.07%, 2025 Interest Apr 15 899.81 (3 States) SDL 08.08%, 2025 Interest Apr 15 808.00 (UTTAR PRADESH) SDL 08.98%, 2021 Interest Apr 15 134.70 (PUNJAB) 7.72% 2049 Interest Apr 15 32424.00 SDL 06.50%, 2023 Interest Apr 16 325.00 (2 States) SDL 06.70%, 2024 Interest Apr 16 703.50 (3 States) SDL 06.72%, 2024 Interest Apr 16 168.00 (ODISHA) SDL 06.90%, 2025 Interest Apr 16 379.50 (2 States) SDL 07.16%, 2029 Interest Apr 16 179.00 (RAJASTHAN) SDL 07.17%, 2027 Interest Apr 16 358.50 (KARNATAKA) SDL 07.17%, 2029 Interest Apr 16 1075.50 (MAHARASHTRA) SDL 07.17%, 2030 Interest Apr 16 358.50 (ANDHRA PRADESH) SDL 07.18%, 2029 Interest Apr 16 35.90 (GOA) SDL 07.19%, 2029 Interest Apr 16 1438.00 (UTTAR PRADESH) SDL 07.20%, 2029 Interest Apr 16 360.00 (BIHAR) SDL 08.03%, 2025 Interest Apr 16 401.50 (GUJARAT) SDL 08.14%, 2031 Interest Apr 16 610.50 (TELANGANA) SDL 08.15%, 2029 Interest Apr 16 896.50 (3 States) SDL 08.15%, 2030 Interest Apr 16 2445.00 (3 States) SDL 08.18%, 2029 Interest Apr 16 204.50 (KERALA) SDL 08.84%, 2024 Interest Apr 16 1635.40 (4 States) SDL 08.85%, 2024 Interest Apr 16 309.75 (CHHATTISGARH) SDL 08.86%, 2024 Interest Apr 16 443.00 (KERALA) SDL 08.87%, 2024 Interest Apr 16 1175.28 (3 States) SDL 08.88%, 2024 Interest Apr 16 888.00 (ANDHRA PRADESH) SDL 08.89%, 2024 Interest Apr 16 488.95 (2 States) SDL 08.91%, 2024 Interest Apr 16 133.65 (2 States) 7.37% 2023 Interest Apr 16 14735.51 91 days T-Bill Redemption Apr 16 58000.00 182 days T-Bill Redemption Apr 16 40000.00 364 days T-Bill Redemption Apr 16 40000.00 SDL 08.04%, 2020 Interest Apr 17 402.00 (CHHATTISGARH) SDL 08.45%, 2022 Interest Apr 17 42.25 (PUDUCHERRY) SDL 08.48%, 2022 Interest Apr 17 848.00 (KARNATAKA) SDL 08.60%, 2028 Interest Apr 17 559.00 (GUJARAT) SDL 08.60%, 2032 Interest Apr 17 430.00 (ANDHRA PRADESH) SDL 08.60%, 2038 Interest Apr 17 430.00 (TELANGANA) SDL 08.70%, 2028 Interest Apr 17 108.75 (UTTARAKHAND) SDL 08.71%, 2028 Interest Apr 17 871.00 (UTTAR PRADESH) SDL 08.74%, 2028 Interest Apr 17 65.55 (MEGHALAYA) SDL 08.84%, 2022 Interest Apr 17 1105.00 (3 States) SDL 08.85%, 2022 Interest Apr 17 685.88 (2 States) SDL 08.86%, 2022 Interest Apr 17 443.00 (UTTAR PRADESH) SDL 08.90%, 2022 Interest Apr 17 890.00 (WEST BENGAL) SDL 07.95%, 2028 Interest Apr 18 457.13 (2 States) SDL 07.97%, 2028 Interest Apr 18 278.95 (2 States) SDL 08.05%, 2028 Interest Apr 18 3622.50 (7 States) SDL 08.80%, 2022 Interest Apr 18 33.00 (MANIPUR) Total 369677.41 Up to Friday, Apr 24 SDL 07.62%, 2027 Interest Apr 20 95.25 (ARUNACHAL PRADESH) SDL 07.98%, 2026 Interest Apr 20 1065.33 (6 States) SDL 08.00%, 2026 Interest Apr 20 1128.00 (2 States) SDL 08.01%, 2026 Interest Apr 20 750.94 (TAMIL NADU) SDL 08.02%, 2026 Interest Apr 20 962.40 (UTTAR PRADESH) SDL 09.03%, 2021 Interest Apr 20 225.75 (HARYANA) SDL 09.04%, 2021 Interest Apr 20 219.41 (3 States) SDL 09.05%, 2021 Interest Apr 20 1131.25 (3 States) SDL 09.06%, 2021 Interest Apr 20 453.00 (2 States) SDL 09.08%, 2021 Interest Apr 20 681.00 (WEST BENGAL) SDL 09.09%, 2021 Interest Apr 20 1249.88 (2 States) 7.59% 2029 Interest Apr 20 36521.86 SDL 08.44%, 2021 Interest Apr 21 748.21 (WEST BENGAL) 10.70% 2020 Redemption Apr 22 63210.00 SDL 06.52%, 2023 Interest Apr 23 163.00 (ODISHA) SDL 07.19%, 2027 Interest Apr 23 898.75 (GUJARAT) SDL 07.20%, 2029 Interest Apr 23 3217.59 (7 States) SDL 07.23%, 2029 Interest Apr 23 1162.22 (4 States) SDL 07.24%, 2029 Interest Apr 23 377.20 (BIHAR) SDL 07.25%, 2029 Interest Apr 23 72.50 (PUDUCHERRY) SDL 09.25%, 2023 Interest Apr 23 448.63 (2 States) SDL 09.28%, 2023 Interest Apr 23 232.00 (KERALA) SDL 09.30%, 2023 Interest Apr 23 67.43 (2 States) SDL 09.32%, 2023 Interest Apr 23 582.50 (TAMIL NADU) SDL 09.33%, 2023 Interest Apr 23 933.00 (MAHARASHTRA) SDL 09.35%, 2023 Interest Apr 23 264.80 (WEST BENGAL) SDL 09.37%, 2024 Interest Apr 23 937.00 (2 States) SDL 09.38%, 2023 Interest Apr 23 709.50 (2 States) SDL 09.38%, 2024 Interest Apr 23 797.30 (3 States) SDL 09.39%, 2023 Interest Apr 23 939.00 (KARNATAKA) SDL 09.39%, 2024 Interest Apr 23 45.07 (ARUNACHAL PRADESH) SDL 09.40%, 2023 Interest Apr 23 470.00 (BIHAR) SDL 09.40%, 2024 Interest Apr 23 2397.00 (4 States) SDL 09.41%, 2024 Interest Apr 23 9.41 (MIZORAM) 91 days T-Bill Redemption Apr 23 60000.00 182 days T-Bill Redemption Apr 23 40000.00 364 days T-Bill Redemption Apr 23 44450.00 SDL 07.80%, 2022 Interest Apr 24 390.00 (ODISHA) SDL 08.16%, 2029 Interest Apr 24 490.82 (2 States) SDL 08.17%, 2029 Interest Apr 24 531.05 (2 States) SDL 08.61%, 2028 Interest Apr 24 195.60 (GUJARAT) SDL 08.65%, 2028 Interest Apr 24 43.25 (GOA) SDL 08.68%, 2028 Interest Apr 24 235.75 (ANDHRA PRADESH) SDL 08.72%, 2028 Interest Apr 24 872.00 (WEST BENGAL) SDL 08.73%, 2028 Interest Apr 24 1746.00 (2 States) SDL 08.77%, 2028 Interest Apr 24 219.25 (HIMACHAL PRADESH) Total 272339.89 Up to Thursday, Apr 30 SDL 06.81%, 2020 Interest Apr 27 272.40 (MAHARASHTRA) SDL 06.99%, 2020 Interest Apr 27 279.60 (2 States) SDL 07.03%, 2021 Interest Apr 27 351.50 (GUJARAT) SDL 07.21%, 2026 Interest Apr 27 360.50 (RAJASTHAN) SDL 07.22%, 2026 Interest Apr 27 2481.88 (6 States) SDL 07.23%, 2026 Interest Apr 27 2196.11 (5 States) SDL 07.24%, 2026 Interest Apr 27 579.20 (UTTAR PRADESH) SDL 07.25%, 2026 Interest Apr 27 1087.50 (3 States) SDL 07.27%, 2031 Interest Apr 27 45.44 (PUDUCHERRY) SDL 07.55%, 2027 Interest Apr 27 377.50 (KARNATAKA) SDL 07.57%, 2027 Interest Apr 27 189.25 (HARYANA) SDL 07.59%, 2027 Interest Apr 27 1745.70 (5 States) SDL 07.60%, 2027 Interest Apr 27 760.00 (ANDHRA PRADESH) SDL 07.61%, 2027 Interest Apr 27 989.30 (2 States) SDL 07.62%, 2027 Interest Apr 27 76.20 (PUNJAB) SDL 07.63%, 2028 Interest Apr 27 38.15 (PUDUCHERRY) SDL 07.67%, 2037 Interest Apr 27 767.00 (2 States) SDL 07.96%, 2026 Interest Apr 27 1482.55 (7 States) SDL 07.98%, 2026 Interest Apr 27 714.21 (2 States) SDL 08.15%, 2038 Interest Apr 27 815.00 (TELANGANA) SDL 08.20%, 2028 Interest Apr 27 205.00 (TRIPURA) SDL 08.24%, 2023 Interest Apr 27 515.00 (2 States) SDL 08.24%, 2028 Interest Apr 27 412.00 (TAMIL NADU) SDL 08.25%, 2023 Interest Apr 27 1237.50 (3 States) SDL 08.25%, 2028 Interest Apr 27 412.50 (GUJARAT) SDL 08.26%, 2023 Interest Apr 27 413.00 (WEST BENGAL) SDL 08.26%, 2028 Interest Apr 27 247.80 (JAMMU & KASHMIR) SDL 08.27%, 2023 Interest Apr 27 82.70 (JAMMU & KASHMIR) SDL 08.32%, 2030 Interest Apr 27 416.00 (KERALA) SDL 08.45%, 2021 Interest Apr 27 63.38 (MIZORAM) SDL 08.47%, 2021 Interest Apr 27 762.30 (2 States) SDL 08.48%, 2020 Interest Apr 27 42.40 (GOA) SDL 08.50%, 2020 Interest Apr 27 233.75 (2 States) SDL 08.51%, 2020 Interest Apr 27 1191.40 (4 States) SDL 08.52%, 2020 Interest Apr 27 213.00 (ANDHRA PRADESH) SDL 08.53%, 2020 Interest Apr 27 1344.24 (2 States) SDL 08.55%, 2020 Interest Apr 27 641.25 (UTTAR PRADESH) SDL 08.79%, 2022 Interest Apr 27 439.50 (GUJARAT) SDL 08.80%, 2022 Interest Apr 27 1320.00 (3 States) SDL 08.81%, 2022 Interest Apr 27 477.94 (3 States) SDL 09.14%, 2022 Interest Apr 27 982.55 (3 States) SDL 09.16%, 2022 Interest Apr 27 29.77 (MIZORAM) SDL 09.31%, 2022 Interest Apr 27 1163.75 (WEST BENGAL) 7.68% 2023 Interest Apr 27 33842.69 7.72% 2055 Interest Apr 27 38600.00 SDL 07.98%, 2025 Interest Apr 28 299.25 (2 States) SDL 07.99%, 2025 Interest Apr 28 2596.75 (5 States) SDL 08.00%, 2025 Interest Apr 28 600.00 (TAMIL NADU) SDL 08.49%, 2020 Redemption Apr 28 5212.25 (ANDHRA PRADESH) SDL 08.51%, 2020 Redemption Apr 28 5212.75 (WEST BENGAL) SDL 08.52%, 2020 Redemption Apr 28 1042.60 (MIZORAM) SDL 08.53%, 2020 Redemption Apr 28 10426.50 (BIHAR) SDL 08.55%, 2020 Redemption Apr 28 20855.00 (UTTAR PRADESH) SDL 08.05%, 2025 Interest Apr 29 1030.40 (3 States) SDL 08.06%, 2025 Interest Apr 29 604.50 (TAMIL NADU) SDL 08.07%, 2025 Interest Apr 29 121.05 (2 States) SDL 08.08%, 2025 Interest Apr 29 484.80 (3 States) SDL 08.09%, 2025 Interest Apr 29 809.00 (UTTAR PRADESH) SDL 08.10%, 2025 Interest Apr 29 405.00 (TELANGANA) SDL 08.71%, 2024 Interest Apr 29 217.75 (RAJASTHAN) SDL 08.72%, 2024 Interest Apr 29 1504.20 (4 States) SDL 08.73%, 2024 Interest Apr 29 1746.00 (3 States) SDL 08.74%, 2024 Interest Apr 29 655.50 (WEST BENGAL) SDL 06.30%, 2022 Interest Apr 30 63.00 (HIMACHAL PRADESH) SDL 06.56%, 2023 Interest Apr 30 229.60 (RAJASTHAN) SDL 06.74%, 2024 Interest Apr 30 337.00 (GUJARAT) SDL 07.20%, 2027 Interest Apr 30 180.00 (TAMIL NADU) SDL 07.22%, 2028 Interest Apr 30 722.00 (2 States) SDL 07.23%, 2029 Interest Apr 30 542.25 (2 States) SDL 07.24%, 2031 Interest Apr 30 156.38 (ANDHRA PRADESH) SDL 07.25%, 2029 Interest Apr 30 72.50 (HIMACHAL PRADESH) SDL 07.35%, 2054 Interest Apr 30 1470.00 (2 States) SDL 08.11%, 2021 Interest Apr 30 202.75 (CHHATTISGARH) SDL 08.38%, 2022 Interest Apr 30 628.50 (KARNATAKA) SDL 08.55%, 2032 Interest Apr 30 427.50 (ANDHRA PRADESH) SDL 08.56%, 2028 Interest Apr 30 214.00 (TAMIL NADU) SDL 08.57%, 2028 Interest Apr 30 214.25 (RAJASTHAN) SDL 08.58%, 2028 Interest Apr 30 557.70 (GUJARAT) SDL 08.66%, 2028 Interest Apr 30 649.50 (UTTAR PRADESH) 7.69% 2043 Interest Apr 30 14226.50 91 days T-Bill Redemption Apr 30 40000.00 182 days T-Bill Redemption Apr 30 40000.00 364 days T-Bill Redemption Apr 30 40000.00 Total 295615.14 NOTE: The t-bill redemption value is the total of competitive and non-competitive bids accepted. MSS is the value corresponding to the above bids accepted. SDL: State development loan Cash Management Bills are not included [Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at [email protected]]
df712c62ab4f9198c484c95a87fd2d27
https://www.reuters.com/article/markets-japan-stocks-idINL4N0P138720140623?edition-redirect=in
Nikkei hits 5-mth high on Fed policy hopes, China PMI
Nikkei hits 5-mth high on Fed policy hopes, China PMI By 0 Min Read * Nikkei gains 0.4 pct, Topix up 0.1 pct * China HSBC PMI rises above 50 for 1st time in 6 months * Dow, S&P 500 end at record highs on rates view * Technical indicators suggest market overheating By Tomo Uetake TOKYO, June 23 (Reuters) - Japanese shares climbed to a five-month high on Monday morning, after an upbeat survey on Chinese manufacturing activity added to the positive mood from the U.S. Federal Reserve's dovish policy stance. The benchmark Nikkei advanced 0.4 percent to 15,404.78 by the midday break, after rising as high as 15,405.16, its best level since Jan. 24. Activity in China's factory sector expanded in June for the first time in six months as new orders surged, a preliminary HSBC survey showed, offering new signs the world's second-largest economy is stabilising thanks to Beijing's measures to shore up growth. U.S. equities rose on Friday, driving the Dow and the S&P 500 to close at record highs, boosted by money managers convinced that policymakers will keep a lid on interest rates through 2016. "It seems like short-selling is becoming a bit difficult," said Yasuo Sakuma, portfolio manager at Bayview Asset Management, noting that the ratio of short-selling has dropped sharply this month to around 26 percent from above 30 percent. "Investors may be getting nervous about risk of not having Japanese shares. They may have snapped up a lot of shares last week, looking at the jump in trading volume on Thursday and Friday." Construction equipment makers, which have considerable exposure to China, outperformed following the Chinese survey, with Hitachi Construction jumping 2.5 percent. Komatsu also rose 1.1 percent. Oil and coal companies also made hefty gains of 1.5 percent to become the best performing sector on the Topix, underpinned by the recent rise in oil prices, with Idemitsu Kosan climbing 2 percent. As the Nikkei has risen almost 10 percent in just over a month from a low below 14,000 hit on May 21, some investors are getting nervous over the possibility of a correction. The broader Topix's 14-day relative strength index rose to a 13-month high of 75 -- above the 70 threshold, a level seen as indicating an overbought territory. Another strong sign comes from the up-down ratio, a gauge closely watched by Japanese players. The rate of the number of shares that advanced over the past 25 sessions divided by that of declining shares rose above 150 percent, its highest level in more than a year, well above the 120 mark that is considered to signal an overbought territory. Investors are also concerned the conflict in Iraq could lift oil prices further by disrupting oil supply as Brent crude neared nine-month highs late last week, touching $115.71 a barrel. Iraq is the second-largest OPEC producer. Still, many market players are sticking to a bullish view for now, that valuations are still not that expensive. According to Thomson Reuters Starmine, the Nikkei 225's dividend yield is 1.8 pct, three times as much as the 10-year Japanese government bond yield. It is traded at 1.3 times its book value on the whole, with about a third of its constituents still trading below their book value. Bucking the overall market, Sapporo Holdings dropped 1.2 percent after the brewer said it would post a special loss of 11.6 billion yen ($114 million) in the second quarter ending this month, as it prepares to pay that much in additional liquor taxes after questions over whether one of its beverages was classified wrongly in a lower tax segment. The Topix added 0.1 percent to 1,269.74 in moderate trade, while the JPX-Nikkei Index 400 rose 0.1 percent to 11,555.07. ($1 = 102.0500 Japanese Yen) (Editing by Jacqueline Wong)
82773a63dbd3fd27955f3f0c7733e856
https://www.reuters.com/article/markets-japan-stocks-open-idUKL8N2HS4HY?edition-redirect=uk
ADVISORY-Nikkei share average report issued in error and is withdrawn
ADVISORY-Nikkei share average report issued in error and is withdrawn By Reuters Staff1 Min Read An automated report on the Nikkei share average opening containing errors was issued in error and is withdrawn. There will be no replacement story. STORY_NUMBER: AZN00K78Z STORY_DATE: 06/11/2020 STORY_TIME: 1121 GMT Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-lng-idUSL6N0TP34P20141205
Global LNG-Prices flat as demand remains weak
Global LNG-Prices flat as demand remains weak By Oleg Vukmanovic, Sarah McFarlane3 Min Read MILAN/LONDON, Dec 5 (Reuters) - Asian spot liquefied natural gas (LNG) prices were little changed for January delivery as trade stayed thin and demand weak, tilting more supply towards Europe. The spot price LNG-AS for January remained around $9.50 per million British thermal units (mmBtu) on Friday, while prices for February were just 20 cents higher. At those levels it is more profitable to send cargoes produced in the Atlantic Basin to Europe instead of to Asia, traders said. “At current prices, the spread between European and Asian markets is closed,” one trader said. “However, I believe supply from the East is not enough to cover potential extra demand if there is any cold snap there this winter,” he added, suggesting that Asian prices would rise to again attract supply from the Atlantic. Another trader said some supply may still move towards Asia as trading companies and oil majors cover short positions. South Korea’s Kogas, the world’s biggest LNG buyer, may re-enter the spot market given rock-bottom prices to replenish reserves. The company is due to receive six start-up cargoes from Santos’ Gladstone LNG export project in Australia next year, two industry sources with knowledge of the matter said. As well as winning cargoes in recent tenders, Kogas has also purchased two shipments from Singapore-based Pavilion over the past few months, sources said. Nigeria’s Bonny Island LNG export plant has sold a single cargo set to load in mid-December. With weak global demand, Europe’s liquid gas hubs are seen as the best place to offload supply, with traders examining options for delivering into Britain’s Dragon terminal. Egypt will import six LNG cargoes from Algeria between April and September next year, easing an energy crunch that has plunged the country into repeated blackouts this year. It was unclear if this deal replaced cargoes Egypt had lined up from Gazprom, EDF and others. The gap between global natural gas prices has shrunk to its narrowest since 2010, as faltering demand in Asia combined with rising supply across the board aligns benchmarks pulled apart by the U.S. shale boom and Japan’s Fukushima nuclear disaster. Editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
d515799c50146f3191391ee1b370797b
https://www.reuters.com/article/markets-oil-idINL4N0ML0X120140324?edition-redirect=in
UPDATE 7-Brent crude falls on weak China data in volatile trading
UPDATE 7-Brent crude falls on weak China data in volatile trading By Anna Louie Sussman4 Min Read * China PMI contracts in March * Hopes for stimulus to aid China economy caps losses * Ukraine crisis, Libya keep market focus on supply risks (Updates prices to settlement) NEW YORK, March 24 (Reuters) - Brent crude oil fell and U.S. crude edged slightly higher in chopping trading on Monday as lackluster manufacturing data from the world’s largest oil consumer was balanced by supply concerns over the Ukraine crisis and turmoil in Libya. China’s manufacturing activity shrank in March, a preliminary private survey showed, pointing to slowing demand in the world’s biggest energy consumer and adding to a string of weak indicators this year that have reinforced concerns about a slowdown. Supply concerns supported Brent oil for most of the day, on the risk that a confrontation with the West over Ukraine could lead to a disruption of energy supplies from Russia, a major supplier of oil and gas to Europe. Libyan oil exports are also running at more than 1 million barrels per day (bpd) below capacity thanks to civil unrest. The US benchmark West Texas Intermediate (WTI) gained support from reports Monday that major Texas shipping channels for the delivery of crude oil to more than one-tenth of the nation’s refining capacity were shut for a third day, as the cleanup from a spill threatened to last through the week. “It’s a two-sided trade right now, of demand expectations versus supply disruptions,” said Phil Flynn, an analyst with the Price Futures Group in Chicago, Illinois. Brent crude for May fell 11 cents to settle at $106.71 a barrel. The oil benchmark fell for a fourth straight week last week. U.S. crude oil rose 14 cents to settle at $99.60 a barrel. Prices for both benchmarks zig-zagged throughout the day. Brent swung by more than $1, from a low of $106.45 to a high of $107.50. U.S. crude covered even more ground, from $99.05 to $100.29. “There are flows in both directions, and they don’t always match evenly, so we get some incidental price fluctuations,” said Tim Evans, energy analyst at Citi Futures Perspective. The spread between the two benchmarks narrowed slightly, to $7.21 from Friday’s close of $7.46. Brent crude has lost 3.6 percent this year, giving up gains after rising to $112 in early March, its highest in more than two months, amid geopolitical risks as Russia took control of Ukraine’s Crimea region. It slid further in post-settlement trading, falling by 33 cents to $106.60 by 3:11 pm EDT (1911 GMT). U.S. crude also dipped, falling 4 cents in post-settlement trading. Concerns that tensions in the Crimea region could still worsen helped stem declines. NATO’s top military commander said on Sunday Russia had built up a “very sizeable” force on its border with Ukraine and Moscow may have a region in another ex-Soviet republic, Moldova, in its sights after annexing Crimea. Russian troops, using armoured vehicles, automatic weapons and stun grenades, seized some of the last military facilities under Ukrainian control in Crimea on Saturday. Russian President Vladimir Putin formally annexed the Black Sea peninsula the day before. In Libya, rebels have occupied ports and oilfields, depressing the country’s oil production to below 250,000 bpd, the state-run National Oil Corp (NOC) said. The NOC said on Monday it shut the El Feel oilfield, because the pipeline to the Mellitah port was closed. National oil production will fall to around 150,000 bpd on Tuesday as result, leaving almost nothing for export. An NOC spokesman said he did not know the reason for the pipeline closure. An oil tanker seized by U.S. forces after it loaded crude at a Libya port held by anti-government rebels has docked back in the capital Tripoli, a Reuters witness said on Sunday. Additional reporting by Christopher Johnson in London, Keith Wallis in Singapore; editing by Susan Fenton, Keiron Henderson and Tom BrownOur Standards: The Thomson Reuters Trust Principles.
52371a84a77b21e55cec3c57056c2da2
https://www.reuters.com/article/markets-precious-idUSLG42977620091116
PRECIOUS-Gold hits record on weak dollar, momentum buying
PRECIOUS-Gold hits record on weak dollar, momentum buying By 4 Min Read * Dollar index slides after APEC meeting * Call options on Dec gold futures at elevated levels * Platinum, palladium, rhodium hit highest in over a year (Updates prices, adds comment) By Jan Harvey LONDON, Nov 16 (Reuters) - Gold touched a fresh high above $1,130 an ounce in Europe on Monday as momentum from recent gains and a slide in the dollar index sparked fund buying of the precious metal. Gains in gold boosted interest in other precious metals, with platinum, palladium and rhodium all hitting their strongest in more than a year. Spot gold reached a peak of $1,132.95 an ounce, and was bid at $1,127.10 an ounce at 1329 GMT, against $1,118.50 late in New York on Friday. U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange rose $11.10 to $1,127.80. Earlier they hit a record high $1,133.50. The metal now looks poised for further gains, analysts said, with a number of call options, or rights to buy, being placed at elevated levels on U.S. December gold futures. “There is no reason why over the next few days it can’t have a push towards that $1,200 mark before we get to the December expiry for the options positions, which everyone’s looking at,” said Tom Kendall, precious metals strategist at Mitsubishi Corp. “There is a large bunch of $1,200 calls December expiry, which are acting as a bit of a magnet for prices at the moment.” Further weakness in the dollar could fuel further buying of the precious metals, as funds turn to hard assets as an alternative to the U.S. currency. The dollar index slipped as traders sold the U.S. unit in response to a lack of agreement over currencies at a summit of the Asia Pacific Economic Cooperation (APEC) forum in Singapore at the weekend. Weakness in the U.S. currency lifted other commodities, with oil prices climbing more than $1 a barrel to their session highs and base metals rising. Gold often tracks crude prices, as it can be bought as a hedge against oil-led inflation. SCRAP RETURNS Demand for physical gold remained relatively lacklustre, however, with the world’s largest gold exchange-traded fund, the SPDR Gold Trust, saying its holdings fell 0.61 tonnes on Friday from the previous day. Gold traders in India, the world’s biggest bullion market last year, shied away from fresh buying on Monday as the metal hit record highs. More scrap is being returned to the market as prices rise, they said. Gold’s gains lifted other precious metals, with platinum hitting $1,426.50 an ounce, its highest since September 2008 and palladium reaching its strongest level in 15 months at $362. “For a long period of time, palladium had been regarded as undervalued relative to its sister metal platinum, but during the past weeks, this undervaluation has diminished to a large extent,” said Commerzbank in a note. “While platinum has also booked gains, reaching the mark of $1,400 an ounce for the first time in 14 months, it appreciated by just 10 percent during the past six weeks.” Lonmin PLC, the world’s third-biggest platinum producer, expects prices of platinum group metals to gradually firm next year before shortages kick in the following year, the chief executive said on Monday. Later, platinum was at $1,418.50 an ounce against $1,390, while palladium was at $361 against $353.50. Elsewhere rhodium hit a 13-month high at $2,250. Silver was bid at $17.77 an ounce against $17.41. The world’s largest silver-backed exchange-traded fund, the iShares Silver Trust, said its bullion holdings rose 30.56 tonnes, or 0.3 percent, on Friday from the previous business day to a record 8,954.08 tonnes.
df0073ce0d8a6571c898f283802e020d
https://www.reuters.com/article/markets-saft-idUSL1N1F12CH
COLUMN-Trump border tax to pile on China capital flight pressure: James Saft
COLUMN-Trump border tax to pile on China capital flight pressure: James Saft By James Saft5 Min Read (The opinions expressed here are those of the author, a columnist for Reuters) Jan 12 (Reuters) - The ‘border tax’ Donald Trump and Republicans are considering will spur capital flight from China, with potentially large repercussions. House Republicans back a plan for a border tax adjustment, discussed at 20 percent, which would impose a levy on imports while granting rebates to exports. While the Republican and Trump plans call for a border tax on all imports as a means to favor domestic production, Trump has also used the term to describe a punitive tax he threatens to levy directly on imports of companies which move production abroad. As ever with Trump, it is highly unclear what he intends or will attempt. Trump has in the past floated the idea of a 45 percent tariff on Chinese imports to the U.S., a higher rate than is being discussed for the border tax adjustment. For China, and for financial markets, this is going to cause trouble, and not just because it would make Chinese and other foreign imports to the U.S. less competitive. A border tax implies a strengthening of the dollar, prompting former Treasury Secretary Lawrence Summers to warn this week of a “spike” in the greenback. All else being equal, which it seldom is, a 20 percent border tax should prompt a similarly large appreciation in the dollar. That won’t likely happen, in part because other countries will pile in with their own border taxes or other measures, but the dollar would get a sizable boost. That poses a complex set of problems for China. Global dollar borrowing conditions would become more expensive and, importantly, pressure would intensify on the yuan to weaken in response. “The threat to Chinese stability at a time when it is already having trouble trying to limit capital flight from a new disruption of trade is a legitimate concern,” David Levy of the Jerome Levy Forecasting Center said in an interview. “This is not a great time from a Chinese point of view or global stability point of view to have anything that is disruptive to the flow of trade.” One fear is that Chinese yuan owners, anticipating a dollar spike, will try to front-run the effects on the yuan, seeking to move money into other currencies or stores of value, either by following Chinese rules or by skirting them. The yuan, which trades in a band set by China, fell by 6.6 percent against the dollar in 2016 in a self-reinforcing downdraft. CAPITAL FLOATS, USUALLY To be sure, China is not the nation most vulnerable to dollar strength. That honor belongs to emerging market countries which run a current account deficit and must attract dollars for financing. Yet two years of strong capital outflows have depleted China’s once, and arguably still, massive foreign currency reserves. China’s reserves fell by about $320 billion to $3.011 trillion in 2016, less than the $513 billion decline of 2015 but also despite wide-ranging efforts by China to make capital flight more difficult. Seeking to circumvent capital controls, owners of yuan in China have turned to cryptocurrency Bitcoin, which more than doubled in value between September and Jan. 4. “Spot checks” on Bitcoin exchanges in China by state authorities this week sent Bitcoin down by 12 percent. At any rate, money is eager to leave by any route possible. China still has huge FX reserves, but an IMF adequacy framework implies it needs to keep about $2.7 trillion on hand. At last year’s depletion rate we will soon be there, and if a border tax accelerates matters the issue could soon become urgent. Asset management behemoth PIMCO said on Thursday China might float its currency in 2017. Yu Yongding, an influential former advisor to the People’s Bank of China, said on Thursday the central bank should set a “bottom line” depreciation level for the yuan in 2017 of 25 percent. Floating the yuan would certainly be a taste of his own medicine for Trump, who has threatened to brand the country a currency manipulator. It would also, however, potentially cause a very strong outflow of capital. Foreign exchange reserves would be preserved but capital flight could become a problem, and a limit on other policies. China is notable in that, with a semi-closed economy and great central control, it has been able to stimulate its way out of various upsets during and after the financial crisis. China may find it has less room to maneuver if capital is leaving, or if the yuan depreciates greatly, with or without a float. Remember too, all of this would be happening in and to China while most of the other emerging markets go through a crisis of similar origin. Regardless of its impact on U.S. exports, a border tax could easily cause massive turbulence in global markets. (Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-shortinterest-nasdaq/nasdaq-short-interest-down-0286-in-late-mid-december-idINL1N28Y0MB?edition-redirect=in
Nasdaq short interest down 0.286% in late mid December
Nasdaq short interest down 0.286% in late mid December By Reuters Staff1 Min Read Dec 24 (Reuters) - Short interest on the Nasdaq fell 0.286% between late November and mid-December, the exchange said on Friday. As of Dec. 13, short interest was about 9.085 billion shares, compared with 9.111 billion shares as of Nov. 29. Investors who sell securities “short” borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference. Shorting can also be part of a hedging strategy. (Reporting by Sinéad Carew; Editing by Sandra Maler) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-shortinterest-nasdaq/nasdaq-short-interest-up-17-in-late-dec-idINL1N29F1NL?edition-redirect=in
Nasdaq short interest up 1.7% in late Dec
Nasdaq short interest up 1.7% in late Dec By Reuters Staff1 Min Read NEW YORK, Jan 10 (Reuters) - Short interest on the Nasdaq rose 1.7% in late December, the exchange said on Friday. As of Dec. 31, short interest rose to about 9.238 billion shares, compared with 9.085 billion shares as of Dec. 13. Investors who sell securities ‘short’ borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference. Shorting can also be part of a hedging strategy. (Reporting by Chuck Mikolajczak, Editing by Rosalba O’Brien) Our Standards: The Thomson Reuters Trust Principles.
211bcf41b01e9e7bedc48120da045540
https://www.reuters.com/article/markets-stocks-canada-close-idCAL1N0XO25K20150427?edition-redirect=ca
CANADA STOCKS-TSX ends lower in broad dip; miners a bright spot
CANADA STOCKS-TSX ends lower in broad dip; miners a bright spot By Reuters Staff1 Min Read TORONTO, April 27 (Reuters) - Canada’s main stock index fell on Monday, as gains for mining companies on higher commodity prices failed to offset a broad-based retreat. The Toronto Stock Exchange’s S&P/TSX composite index unofficially ended down 64.25 points, or 0.42 percent, at 15,344.08. Eight of the ten main sectors slipped. (Reporting by Alastair Sharp, editing by G Crosse) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-stocks-canada-close-idCAL1N1022GR20150722?edition-redirect=ca
CANADA STOCKS-TSX slides as commodity prices drag on resource names
CANADA STOCKS-TSX slides as commodity prices drag on resource names By Reuters Staff1 Min Read TORONTO, July 22 (Reuters) - Canada’s main stock index finished lower on Wednesday, hurt by weaker commodity prices that weighed on resource stocks. The Toronto Stock Exchange’s S&P/TSX composite index finished down 69.12 points, or 0.48 percent, at 14,307.12. Half of the index’s 10 main groups were in negative territory. (Reporting by Solarina Ho; Editing by Lisa Von Ahn) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-stocks-canada-close-idCAL1N10724P20150727?edition-redirect=ca
CANADA STOCKS-TSX breaks below 14,000 on China worries, commodity slip
CANADA STOCKS-TSX breaks below 14,000 on China worries, commodity slip By Reuters Staff1 Min Read TORONTO, July 27 (Reuters) - Canada’s main stock index fell 1.3 percent on Monday, stung by a slump in Chinese equities that infected commodity prices and in turn hurt Canadian miners and oil and gas companies. The Toronto Stock Exchange’s S&P/TSX composite index unofficially ended down 184.87 points at 14,001.37. It breached 14,000 during the day for the first time since January. (Reporting by Alastair Sharp; Editing by Leslie Adler) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-stocks-canada-close-idCAL1N1262D420151006?edition-redirect=ca
CANADA STOCKS-Heavyweight resource stocks lift TSX
CANADA STOCKS-Heavyweight resource stocks lift TSX By Reuters Staff1 Min Read TORONTO, Oct 6 (Reuters) - Canada’s main stock index gained on Tuesday, dragged higher by its heavyweight resource sectors and banks while a range of consumer, telecom and utilities stocks slipped. The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed up 95.06 points, or 0.70 percent, at 13,647.26. (Reporting by Alastair Sharp; Editing by Meredith Mazzilli) Our Standards: The Thomson Reuters Trust Principles.
3c73ae1d032b896c3e7e38a9916db0c5
https://www.reuters.com/article/markets-stocks-canada-close-idCAL2N0ZU2C320150714?edition-redirect=ca
CANADA STOCKS-TSX ends up as oil price rise helps energy shares
CANADA STOCKS-TSX ends up as oil price rise helps energy shares By Reuters Staff1 Min Read TORONTO, July 14 (Reuters) - Canada’s main stock index ended higher on Tuesday, helped by a rebound in oil prices that boosted energy shares after a nuclear deal between Iran and world powers left sanctions in place for now. The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed up 66.18 points, or 0.46 percent, at 14,599.40. Of the index’s ten main sectors, only financial stocks slipped. (Reporting by Alastair Sharp; Editing by Meredith Mazzilli) Our Standards: The Thomson Reuters Trust Principles.
ce3516b29320b49304a862aae5036deb
https://www.reuters.com/article/markets-stocks-canada-idCAL1N0XI29D20150421?edition-redirect=ca
CANADA STOCKS-TSX declines as energy shares dip with oil price
CANADA STOCKS-TSX declines as energy shares dip with oil price By Solarina Ho2 Min Read (Adds updated prices, details and analyst’s comment) * TSX down 66.16 points, or 0.43 percent, at 15,346.44 * Five of the 10 main index groups fall TORONTO, April 21 (Reuters) - Canada’s main stock index declined on Tuesday as shares of energy producers slipped with oil prices as worries about increasing U.S. inventories resurfaced. The price of oil gave back 2 percent, reflecting weakness after a recent rebound in sentiment. The benchmark TSX index’s energy group retreated 1.5 percent as oil prices fell on a stronger U.S. dollar. Suncor Energy Inc fell 0.9 percent to C$39.92, and Canadian Natural Resources declined 2 percent to C$40.13. “Given the gains we’ve seen lately, this is a normal trading correction,” said Colin Cieszynski, chief market strategist at CMC Markets. It does not look like the current oil price recovery has run out of gas, he added. Brookfield Asset Management, which said on Monday it is raising $1.1 billion through a new equity issue to help fund growth, fell 3.7 percent to C$68.13. The heavily weighted financials group was off 0.4 percent. The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed down 66.16 points, or 0.43 percent, at 15,346.44. Five of the 10 main sectors on the index were in the red. Teck Resources Ltd was another top mover, after the mining company slashed its dividend and posted a quarterly profit that was below expectations. Shares fell 6.4 percent to C$15.83. The mining subsector shed 3.2 percent. The broader materials sector, home to miners, was little changed. $1=$1.225 Canadian Reporting by Solarina Ho and John Tilak; Editing by Peter Galloway and Ted BothaOur Standards: The Thomson Reuters Trust Principles.
33071ab25fd37397845acc6dd446eef7
https://www.reuters.com/article/markets-stocks-canada-idCAL1N0Y41BK20150513?edition-redirect=ca
CANADA STOCKS-TSX falls for third straight day, but golds rise
CANADA STOCKS-TSX falls for third straight day, but golds rise By Solarina Ho3 Min Read (Updates prices and adds analyst’s comment, details) * TSX down 40.16 points, or 0.27 percent, to 15,002.99 * Eight of the TSX’s 10 main groups lower TORONTO, May 13 (Reuters) - Canada’s main stock index fell for a third straight session on Wednesday, reversing early gains, as U.S. economic data disappointed the market, while rising gold miners limited the loss. Canadian National Railway Co was the index’s biggest heavyweight decliner. The country’s biggest railway fell 2.04 percent to C$74.97. Canadian Pacific Railway Ltd was not far behind, falling 2.1 percent to C$214.94. The railways are in the index’s industrials group, which retreated 0.9 percent. Energy stocks reversed course and fell 0.3 percent after initially climbing on stronger oil prices. In the group, Encana Corp fell 3.9 percent to C$16.02. “You’re getting the offsetting effects of crude oil price up a little bit, which is good for energy stocks, but U.S. retail sales disappointed, which is still continuing to raise questions about the health of the U.S. economy,” said Colin Cieszynski, senior market analyst at CMC Markets Canada, noting the United States is Canada’s largest export market. “Overall, stock markets are struggling here. The U.S. markets are kind of going sideways, and it looks to me Canada’s doing about the same.” At 10:26 a.m. EDT (1426 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 40.16 points, or 0.27 percent, at 15,002.99. All but the materials and utilities groups gave back early gains. The index’s financial sector, home to banks and insurers, was down 0.5 percent, with Manulife Financial Corp falling 0.9 percent to C$22.82. The most influential positive movers on the index included Goldcorp Inc, which led a number of gold miners into positive territory. Goldcorp rose 3.03 percent to C$23.43, while Barrick Gold Corp advanced 3.1 percent to C$15.89. The overall materials group climbed 1.3 percent. Gold miners were helped by higher gold prices, which rose on the back of a weaker greenback. Gold futures climbed 1.6 percent to $1,211.5. U.S. retail sales missed forecasts in April, holding steady as households scaled back big-ticket purchases such as cars. Economists had forecast a 0.2 percent rise. Declining issues outnumbered advancing ones on the TSX index by 124 to 119, for a 1.04-to-1 ratio on the downside. $1=$1.20 Canadian Reporting by Solarina Ho; Editing by Peter GallowayOur Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-Banks help TSX edge higher for third straight gain
CANADA STOCKS-Banks help TSX edge higher for third straight gain By Alastair Sharp3 Min Read (Adds portfolio manager comment, updates prices to close) * TSX ends up 12.90 points, or 0.09 percent, at 15,121.02 * Six of the index’s 10 main groups fall TORONTO, May 19 (Reuters) - Financial stocks helped Canada’s main stock index gain for a third straight session on Tuesday as investor optimism got a boost from Bank of Canada commentary and the U.S. Dow industrials closing at a record high. The Toronto Stock Exchange’s S&P/TSX composite index rose 12.90 points, or 0.09 percent, to 15,121.02. The market was closed on Monday, when two major U.S. indices hit record closing highs. Six of the index’s 10 main groups fell. Valeant Pharmaceuticals International Inc, an index heavyweight, led with a 3.3 percent rise to C$278.82. The overall healthcare group jumped 2.7 percent. Financial institutions were the next three most influential gainers, with Royal Bank of Canada up 1.7 percent at C$80.09 and Toronto-Dominion Bank adding 1.3 percent to C$56.09. Insurer Manulife Financial Corp rose 2.3 percent to C$23.13 and the overall group, which make up about a third of the index’s weight, advanced 1.1 percent. “The positive tone from (Bank of Canada Governor Stephen Poloz) has been supportive of banks,” said Bryden Teich, associate portfolio manager at Avenue Investment Management. Poloz said Canada’s economy would recover from lower oil prices, with growth expected to resume this quarter. “But at the same time today oil’s down like 3.5 percent, so some of the large cap oils are dragging down or at least making the index flat,” Teich said. Suncor Energy Inc was off 1.2 percent at C$36.13, while Crescent Point Energy Corp fell 2 percent to C$28.75. The overall energy group gave back 1.4 percent, as crude fell on evidence that production is outpacing demand and on a strengthening U.S. dollar. Despite Tuesday’s moves lower, Douglas Davis, chief executive officer at Davis-Rea, expressed some optimism for the sector, noting his firm has “done well with the recovery in energy and we don’t think that’s over.” Also tempering gains was a 1.1 percent loss by the materials group, home to mining and other resource companies. First Quantum Minerals Ltd tumbled 6.4 percent to C$17.45, while Cameco Corp lost 4.8 percent to C$19.71. Barrick Gold fell 3.4 percent to C$15.26. Additional reporting by Solarina Ho; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-Bay St opens higher on tech, consumer stocks
CANADA STOCKS-Bay St opens higher on tech, consumer stocks By Reuters Staff1 Min Read OTTAWA, July 2 (Reuters) - Canada’s main stock index rose shortly after the opening bell on Thursday as gains in consumer and tech stocks offset declines in commodity-related companies. At 9:35 a.m. ET (1335 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 14.51 points, or 0.1 percent, to 14,567.84. (Reporting by Leah Schnurr; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-Hefty losses in key TSX sectors over commodities, global fears
CANADA STOCKS-Hefty losses in key TSX sectors over commodities, global fears By Solarina Ho3 Min Read (Updates throughout with commentary, market reaction, details) * TSX down 186.32 points, or 1.28 percent, to 14,407.25 * All of the TSX’s 10 main groups declined TORONTO, July 7 (Reuters) - Canada’s main stock index tumbled more than 1 percent on Tuesday to levels not seen since January, as worries at home and abroad drove miners, oil and gas companies, and banks sharply lower. The three sectors make up some two thirds of the index’s weight. Nine of the index’s 10 heaviest drags belonged to the three groups. First Quantum Minerals plunged 12 percent to C$13.94, while Toronto-Dominion Bank declined 1.1 percent to C$52.15. Materials, home to mining companies, sank 4.0 percent, to their lowest level since December, while the financials sector fell 1.3 percent to its weakest level since March. Gold and copper prices fell to multi-month lows due to instability created by the Greek debt crisis and a stock market rout in China. “It’s tough to get excited about the commodities, with Canada having so many of them, given what’s going on with China, Greece,” said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier. “Commodities depend on robust world wide demand, and we don’t have that right now...It’s affecting things like Canadian banks, which I always view as a reflection of what’s going on with the economy and the spill-over effects.” At 11:12 a.m. EDT (1512 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 186.32 points, or 1.28 percent, at 14,407.25. All of the index’s 10 main groups were mired in red. Domestically, Canada’s trade deficit widened in May to its second-largest on record as exports fell for the fifth month in a row, the latest in a string of disappointing data that points to an economy struggling to cope with the impact of cheap crude prices. Energy stocks slid 1.6 percent to levels not seen since mid-January. Canadian Natural Resources fell 1.1 percent to C$32.96. Crude prices, which plunged as much as 8 percent on Monday, extended those losses on Tuesday, falling some 3 percent. Gold futures fell 1.9 percent to $1,151 an ounce. Copper prices declined 5.2 percent to $5,297 a tonne. Also weighing on the materials group was Silver Wheaton Corp’s 9.3 percent slide to C$20.15 after the mining finance company said it may face tax payments of more than $200 million following a reassessment “proposal” from Canada’s tax authority. Declining issues outnumbered advancing ones on the TSX by 219 to 26, for a 8.42-to-1 ratio on the downside. The index was posting 2 new 52-week highs and 16 new lows. (Reporting by Solarina Ho; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX sinks as global sentiment, China drags on commodities
CANADA STOCKS-TSX sinks as global sentiment, China drags on commodities By Solarina Ho3 Min Read (Updates throughout with market reaction, analyst comment, new details) * TSX down 214.66 points, or 1.49 percent, to 14,200.01 * Nine of the TSX’s 10 main groups fell TORONTO, Aug 12 (Reuters) - Canada’s main stock index dropped almost 1.5 percent on Wednesday, tracking markets around the world hit by the latest move from China that allowed the yuan to weaken further. Crude oil prices were steady following Tuesday’s rout but still flirted with multi-year lows while base metals sank to six-year lows on worries that demand from China, the world’s top metals buyer, would wane. The resource-heavy Toronto stocks have been hit hard by negative global sentiment that has battered commodity prices. “I don’t attribute it as much as other people do only to the Chinese trying to reduce the value of their currency against the U.S. dollar,” said Subodh Kumar, chief investment strategist at Subodh Kumar & Associates. “World economic growth has been slowing and markets have been ignoring that and now they’re catching up with reality.” The heavily weighted financial stocks dominated the index’s losses, with Royal Bank of Canada among the most influential decliners. RBC fell 1.8 percent to C$75.24. The overall financials group retreated 1.7 percent. At 11:23 a.m. ET (1523 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 214.66 points, or 1.49 percent, to 14,200.01. Of the index’s 10 main groups, nine were in the red, with tech, consumer discretionary, health care and industrials all seeing sharp declines of more than 2 and 3 percent. Declining issues outnumbered advancing ones on the TSX for a 3.29-to-1 ratio on the downside. “It’s hard to say when sentiment will change. We’re somewhere in the bottoming process,” said Kumar, who expects market sentiment to change toward the end of the year into next year. The materials group, home to mining firms, was the lone gainer, rising 1.3 percent, as strong gold mining shares were buoyed by the higher price of bullion, a safe-haven. Most of the index’s top gainers were all gold miners. Goldcorp Inc advanced 4.0 percent to C$19.74, while Agnico Eagle Mines Ltd surged 7.1 percent to C$33.31. Gold futures rose 1.3 percent to $1,122 an ounce. Energy stocks reversed earlier gains to slide 1.3 percent. Enbridge Inc shares were down 1.1 percent at C$55.04, hurt by a U.S. Midwest pipeline shutdown following a small leak late on Tuesday. Air Canada shares fell 6.7 percent to C$12.03 after Canada’s biggest carrier said a closely watched revenue number declined. (Reporting by Solarina Ho; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX takes hit as China data sows more volatility
CANADA STOCKS-TSX takes hit as China data sows more volatility By Solarina Ho3 Min Read (Updates throughout with fresh details, analyst comment, market reaction) * TSX down 327.49 points, or 2.36 percent, at 13,531.63 * All 10 of index’s main groups in the red TORONTO, Sept 1 (Reuters) - Canada’s main stock index fell more than 2 percent on Tuesday as the latest disappointing economic data from China spurred another round of selling in global markets and sent commodity prices lower. Ongoing worries over China’s impact on the global economy resurfaced after data showed its manufacturing sector shrank at the fastest pace in three years, while the services sector also cooled. “A correction is never easy,” said Michael Sprung, president at Sprung & Co. Investment Counsel. “What we’re seeing is just volatility created by reverberations of people digesting all of this information.” Sprung expects the volatility to continue into the fall as China jitters and speculation over when and if the Federal Reserve will hike interest rates remain, noting that September and October also tend to be seasonally weak months. The most influential decliners on the index included Royal Bank of Canada, which sank 2.8 percent to C$71.26, and Toronto-Dominion Bank, which gave up 2.6 percent to C$51.12. Financial shares, which make up roughly a third of the index’s weight, fell 2.7 percent. At 11:17 a.m. EDT (1517 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 327.49 points, or 2.36 percent, to 13,531.63. “Within this environment, it’s opening a lot of opportunities for investors,” said Sprung, adding that investors should be making bids on well-managed companies with good balance sheets. All 10 of the index’s main sectors were mired in losses, with every oil and gas name within the energy group taking a hit. The group sank 3.7 percent, hurt by volatile oil prices that tumbled more than 6 percent after having soared some 25 percent over the previous 3 sessions. Canadian Natural Resources lost 4.1 percent to C$28.44, while Encana Corp stumbled 5.8 percent to C$9.26. Consumer staples was the only key group whose losses were under 1 percent. Declining issues outnumbered advancing ones on the TSX by 220 to 21, for a 10.48-to-1 ratio on the downside. Reporting by Solarina Ho; Editing by Dan GreblerOur Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX listless ahead of Fed rate decision
CANADA STOCKS-TSX listless ahead of Fed rate decision By Reuters Staff2 Min Read (Adds details, prices) * TSX down 37.25 points, or 0.27 percent, at 13,726.53 * Investors pause, wait on Fed decision TORONTO, Sept 17 (Reuters) - Canada’s main stock slipped in lackluster trade ahead of a pivotal U.S. Federal Reserve interest rate decision due later on Thursday. The Fed will announce the outcome of its policy meeting and release its latest economic projections at 2 p.m. ET (1800 GMT), followed by a news conference by Chair Janet Yellen at 2:30 p.m. The event, which has several plausible possible outcomes, will likely determine trading directions across asset classes. In the meantime, global markets were jittery and little changed. The Toronto Stock Exchange’s S&P/TSX composite index was down 37.25 points, or 0.27 percent, at 13,726.53. Canadian companies with operations in the United States or revenues priced in U.S. dollars could get a boost if the Fed hikes rates. The most influential weights included fertilizer company Potash Corp, which fell 1.6 percent to C$33.10, and Toronto-Dominion Bank which declined 0.6 percent to C$52.85. But there were only slightly more decliners than advancers overall, and no new 52-week highs or lows. The materials group retreated 1.3 percent, the only one of 10 main sectors to move more than 1 percent in either direction. U.S. crude prices were down 0.3 percent to $47.01 a barrel, while Brent crude lost 1.0 percent to $49.27. Gold futures fell 0.1 percent to $1,117.9 an ounce. Copper prices advanced 0.3 percent to $5,395 a tonne. Uncertainty about when the Fed will switch gears has dogged investors for months, further complicated in recent weeks by market turbulence linked to slowing growth in China and worries about the health of the global economy. Macquarie analysts said investors should look beyond the hike/no-hike binary for signs including guidance via forecast, news conference rhetoric and number of dissenters. (Reporting by Alastair Sharp; Editing by Chizu Nomiyama and Meredith Mazzilli) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-Volatile TSX tumbles more than 2 pct as resources drag
CANADA STOCKS-Volatile TSX tumbles more than 2 pct as resources drag By Solarina Ho3 Min Read (Adds commentary, details, market reaction) * TSX down 312.79 points, or 2.27 percent, to 13,466.65 * All 10 of the TSX’s main groups are down TORONTO, Sept 22 (Reuters) - Canada’s main stock index tumbled more than 2 percent on Tuesday as a sell-off in commodities walloped resource stocks, leading to across-the-board declines. Gold, copper and crude oil prices all fell amid a stronger U.S. dollar and persistent demand worries, particularly out of top resource consumer China. The declines sent the index’s materials group, home to resource stocks, sinking 4.3 percent. First Quantum Minerals Ltd sank 10.5 percent at C$5.64, while Goldcorp Inc fell 3.2 percent to C$17.02. The decline also dragged the remaining nine key sectors into the red, with energy sliding 1.6 percent and financials, which have considerable exposure to resource companies, retreating 2.1 percent. Toronto-Dominion Bank, fell 2.5 percent to C$51.28, while Royal Bank of Canada declined 2.1 percent to C$71.61. At 11:31 a.m. EDT (1531 GMT), the Toronto Stock Exchange’s S&P/TSX composite index had fallen 312.79 points, or 2.27 percent, to 13,466.65. All 10 of the index’s key groups were mired in negative territory. Declining issues outnumbered advancing ones on the TSX by 229 to 16, for a 14.31-to-1 ratio on the downside. The index had posted two new 52-week highs and 11 new lows. “This market has done this before. You really don’t have to have a major reason - once the selling starts, it accelerates. And the buying is the same,” said David Cockfield, managing director and portfolio manager at Northland Wealth Management. “It’s volatility and a tendency for people trying to follow the market rather than just invest ... they jumped all over the mining stocks.” U.S. crude prices were down 2.9 percent to $45.35 a barrel, while Brent crude lost 2.0 percent to $47.95. Gold futures fell 0.9 percent to $1,123 an ounce. Cockfield said if the downward volatility continues, buying opportunities could present themselves but cautioned “Our view is if you get caught up in volatility, you’re going to lose.” (Reporting by Solarina Ho; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX slides as Magna, global growth worries cast pall
CANADA STOCKS-TSX slides as Magna, global growth worries cast pall By Reuters Staff2 Min Read * TSX down 124.54 points, or 0.93 percent, to 13,259.15 * Nine of the TSX’s 10 main groups are lower TORONTO, Sept 24 (Reuters) - Canada’s main stock index fell 1 percent on Thursday, extending its losses for a third straight session and tracking foreign markets increasingly nervous about global growth. Fallout from the Volkswagen AG emissions test-fixing scandal also spilled over, with auto parts maker Magna International Inc among the biggest drags on the index. Shares sank 5.7 percent to C$58.30 as analysts noted the company’s exposure to VW. CIBC cut its rating on the company to sector performer from outperformer. The overall consumer discretionary group retreated 2.1 percent. At 11:04 a.m. EDT (1504 GMT), the Toronto Stock Exchange’s S&P/TSX composite index fell 139.32 points, or 1.04 percent, to 13,244.37. The TSX, which can be particularly sensitive to commodity prices due to its high concentration of resource names, has been particularly volatile over the last month amid growing worries that slowing global growth will hurt demand for commodities. Financial shares were down 1 percent, while energy stocks were off 0.2 percent. The materials sector, home to resource firms, was the lone gainer among the index’s 10 main groups, climbing 1.8 percent on the back of rallying gold mining stocks. The price of gold rose to a three-week high after the U.S. dollar softened on soft economic data. Goldcorp Inc jumped 5.7 percent to C$17.69, while Barrick Gold Corp surged 7.0 percent to C$8.45. The always influential Valeant Pharmaceutical International had the biggest negative pull on the in TSX, falling 3.4 percent to C$279.88. Healthcare retreated 2.5 percent. Declining issues outnumbered advancing ones on the TSX by 186 to 58, for a 3.21-to-1 ratio on the downside. The index was posting 2 new 52-week highs and 15 new lows. Reporting by Solarina Ho; Editing by Meredith MazzilliOur Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX climbs after Bank of Canada cuts rates
CANADA STOCKS-TSX climbs after Bank of Canada cuts rates By Reuters Staff2 Min Read (Updates market action, adds quote, background on BoC rate cut) TORONTO, July 15 (Reuters) - Canada’s main stock index rose on Wednesday after the Bank of Canada cut interest rates, helping boost shares of financial companies and energy producers. The benchmark Canadian index is up for a fourth straight session, and the equity market has recently benefited after Greece recently reached a bailout deal. The Bank of Canada cut its key interest rate by a quarter percentage point to 0.5 percent, saying an unexpected economic contraction throughout the first half of the year had added to excess capacity and put downward pressure on inflation. “You can’t fault the bank for it, given the numbers are coming in as they are,” said David Cockfield, managing director and portfolio manager at Northland Wealth Management. He said that the lower Canadian dollar would be a positive for Canadian equity markets. The Toronto Stock Exchange’s S&P/TSX composite index was up 54.07 points, or 0.37 percent, at 14,653.47. All 10 main sectors on the index were higher. Financials, the index’s most heavily weighted sector, gained. Toronto Dominion Bank advanced 0.2 percent to C$52.24, and Sun Life Financial Inc climbed 0.2 percent to C$42.45. Shares of energy producers added 0.3 percent. Suncor Energy Inc was up 0.6 percent at C$35.27, and Enbridge Inc climbed 1.1 percent to C$58.83. (Reporting by John Tilak; Editing by James Dalgleish) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-Futures dip as stronger dollar weighs on commodities
CANADA STOCKS-Futures dip as stronger dollar weighs on commodities By Reuters Staff3 Min Read June 1 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Monday as a stronger dollar weighed on commodity prices including oil, copper and gold. June futures on the S&P TSX index were down 0.3 percent at 7:15 a.m. ET. Seasonally adjusted RBC manufacturing PMI data is due at 9:30 a.m. ET. Canada’s main stock index fell on Friday, with heavyweight banks tipping the scales to the downside amid broad pessimism about domestic economic growth and the uncertain outlook for industries tied to energy. Dow Jones Industrial Average e-mini futures were up 0.07 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.01 percent and Nasdaq 100 e-mini futures were up 0.03 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s) TOP STORIES Crude oil prices dropped on Monday as the dollar rose and on expectations that OPEC production would remain high, stoking worries of oversupply despite declining U.S. rig operations. Destin Pipeline Co said on Sunday it would resume natural gas transport services on June 2 after it completed scheduled maintenance. Royal Dutch Shell Plc reported it was restarting an unspecified unit at its Scotford upgrader facility near Edmonton, Alberta, according to a message posted on a community information phone line on Saturday. COMMODITIES AT 7:15 a.m. ET Gold futures : $1,185.4; -0.4 pct US crude : $59.64; -1.1 pct Brent crude : $64.87; -1.1 pct LME 3-month copper : $5,996.50; -0.3 pct ANALYST RESEARCH HIGHLIGHTS Pacific Rubiales : Barclays cuts to “equal weight” from “overweight” Endeavour Mining : BMO raises to “outperform” from “market perform” Air Canada : Cowen and Company raises price target to C$18 from C$15 U.S. ECONOMIC DATA DUE ON MONDAY 0830 Personal consumption real mm for April: Prior +0.3 pct 0830 Personal income mm for April: Expected +0.3 pct; Prior +0.0 pct 0830 Consumption, adjusted mm for April: Expected +0.2 pct; Prior +0.4 pct 0830 Core PCE Price Index mm for April: Expected +0.2 pct; Prior +0.1 pct 0830 Core PCE Price Index yy for April: Prior +1.3 pct 0830 PCE Price Index mm for April: Prior +0.2 pct 0830 PCE Price Index yy for April: Prior +0.3 pct 0945 Markit Manufacturing PMI Final for May: Prior +53.8 1000 Construction spending mm for April: Expected +0.8 pct; Prior -0.6 pct 1000 ISM Manufacturing PMI for May: Expected +52.0; Prior +51.5 1000 ISM Manufacturing Prices Paid for May: Expected +42.5; Prior +40.5 1000 ISM Manufacturing Employment Index for May: Expected +49.3; Prior +48.3 1000 ISM Manufacturing New Orders Index for May: Prior +53.5 1300 Dallas fed PCE for April: Prior +2.0 pct FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.25 Reporting by Nandi Kaul in Bengaluru; Editing by Savio D’SouzaOur Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX tracks global markets, opens broadly higher
CANADA STOCKS-TSX tracks global markets, opens broadly higher By Reuters Staff1 Min Read TORONTO, May 11 (Reuters) - Canada’s main stock index opened higher on Monday, tracking global equities following another rate cut by China’s central bank, as all 10 of the index’s main sectors advanced. The Toronto Stock Exchange’s S&P/TSX composite index was up 38.12 points, or 0.25 percent, at 15,208.14 shortly after the open. (Reporting by Solarina Ho; Editing by Meredith Mazzilli) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX rises as resource, commodity stocks gains
CANADA STOCKS-TSX rises as resource, commodity stocks gains By Reuters Staff1 Min Read TORONTO, May 20 (Reuters) - Canada’s main stock index was higher shortly after the open on Wednesday with the most influential gains attributed to energy and mining stocks, which offset declines in most other sectors. The Toronto Stock Exchange’s S&P/TSX composite index rose 9.35 points, or 0.06 percent, to 15,130.37. Seven of the index’s 10 main groups were in the red, however. Energy stocks were up 0.8 percent, while materials rose 0.6 percent. (Reporting by Solarina Ho; Editing by Jeffrey Benkoe) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX hit as miners lead broad retreat
CANADA STOCKS-TSX hit as miners lead broad retreat By Reuters Staff1 Min Read TORONTO, July 7 (Reuters) - Canada’s main stock index was lower shortly after the open, as material stocks, home to mining and other resource names, slumped more than 2 percent to lead the market lower. The Toronto Stock Exchange’s S&P/TSX composite index fell 69.56 points, or 0.48 percent, to 14,524.01. Nine of the index’s 10 main groups were in the red. (Reporting by Solarina Ho; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX opens lower as energy shares fall
CANADA STOCKS-TSX opens lower as energy shares fall By Reuters Staff1 Min Read TORONTO, Aug 7 (Reuters) - Canada’s main stock index opened lower on Friday, with energy shares weighing as oil prices slid further, setting the index up for a 0.6 percent slip on the week. The Toronto Stock Exchange’s S&P/TSX composite index was down 20.41 points, or 0.14 percent, at 14,385.50. Half of the 10 main sectors fell. (Reporting by Alastair Sharp; Editing by Meredith Mazzilli) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX extends losses at open as growth concerns weigh
CANADA STOCKS-TSX extends losses at open as growth concerns weigh By Reuters Staff1 Min Read TORONTO, Aug 20 (Reuters) - Canada’s main stock index opened sharply lower on Thursday, tracking global equity markets and extending its recent hefty losses, as expectations of a Federal Reserve rate hike in September softened and anxiety over global growth dominated. The Toronto Stock Exchange’s S&P/TSX composite index fell 102.86 points, or 0.73 percent, to 13,933.77. Materials, home to mining stocks, was the lone gainer among the index’s 10 main groups. (Reporting by Solarina Ho; Editing by Jeffrey Benkoe) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX lower, listless ahead of Fed rate decision
CANADA STOCKS-TSX lower, listless ahead of Fed rate decision By Reuters Staff1 Min Read TORONTO, Sept 17 (Reuters) - Canada’s main stock index opened slightly lower with little impetus ahead of a pivotal U.S. Federal Reserve interest rate decision due later on Thursday. The Toronto Stock Exchange’s S&P/TSX composite index was down 21.70 points, or 0.16 percent, at 13,742.08. (Reporting by Alastair Sharp; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX retreats at open as resources drag
CANADA STOCKS-TSX retreats at open as resources drag By Reuters Staff1 Min Read TORONTO, Sept 28 (Reuters) - Canada’s main stock opened sharply lower on Monday as materials, which fell 3 percent, led broad losses across most sectors. The Toronto Stock Exchange’s S&P/TSX composite index fell 109.49 points, or 0.82 percent, to 13,269.08. Nine of the index’s 10 main groups were in the red, with consumer staples the lone gainer. (Reporting by Solarina Ho; Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX jumps soon after open on GDP data, Valeant rally
CANADA STOCKS-TSX jumps soon after open on GDP data, Valeant rally By Reuters Staff1 Min Read TORONTO, Sept 30 (Reuters) - Canada’s main stock index rallied more than 1 percent shortly after the open as Valeant Pharmaceuticals International Inc shares rebounded after being battered by charges of price gauging and as higher-than-expected domestic growth data also gave other sectors a healthy boost. The Toronto Stock Exchange’s S&P/TSX composite index rose 142.02 points, or 1.09 percent, to 13,178.98. Materials, which groups miners and other resource names, was the only sector in the red. (Reporting by Solarina Ho; Editing by Lisa Von Ahn) Our Standards: The Thomson Reuters Trust Principles.
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CANADA STOCKS-TSX opens down as energy stocks follow oil lower
CANADA STOCKS-TSX opens down as energy stocks follow oil lower By Reuters Staff1 Min Read TORONTO, Oct 13 (Reuters) - Canada’s main stock index opened lower on Tuesday, with energy stocks stung by a drop in oil prices overnight and investor sentiment hurt by weak trade data out of China. The Toronto Stock Exchange’s S&P/TSX composite index was down 100.10 points, or 0.72 percent, at 13,864.26 shortly after the open. It was closed on Monday for a public holiday. (Reporting by Alastair Sharp; Editing by Jeffrey Benkoe) Our Standards: The Thomson Reuters Trust Principles.
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US STOCKS-Wall St flat, but S&P 500 hits record
US STOCKS-Wall St flat, but S&P 500 hits record By 4 Min Read * Dow, S&P 500 hit intraday records in quiet session * Sapient, Covance rally on heavy volume; both to be bought * ISM Manufacturing data tops expectations in October * Dow down 0.1 pct, S&P 500 flat, Nasdaq up 0.4 pct By Ryan Vlastelica NEW YORK, Nov 3 (Reuters) - The S&P 500 was little changed on Monday, with investors mostly taking a pause following a sharp rally on Friday, though both the benchmark index and the Dow inched up to new intraday records. Equities have been strong of late, with the Dow last week posting its biggest weekly gain since January 2013 and the S&P coming off its biggest two-week jump since December 2011. The gains have largely come on the back of strong quarterly results, which have eased concerns over how corporations are faring in an uncertain growth environment, as well as stimulative actions from central banks. “The bull market may be old and wrinkly, but it is still alive and there’s nowhere else for investors to really go besides U.S. equities,” said Paul Schatz, president and chief investment officer at Heritage Capital in Woodbridge, Connecticut. While the market’s momentum is to the upside, near-term trading may be quieter as earnings season draws to a close. With results in from 70 percent of companies, 75.8 percent reported earnings above analysts’ expectations, according to Thomson Reuters data, above the long-term average of 63 percent. “For the first time in a long time, I do not believe that a rising tide will lift all ships,” Schatz said. “We’re now at a stage where rallies will get narrower and narrower, meaning sector selection is key.” General Motors Corp fell 1.2 percent to $31.03 after October sales missed expectations. In deal news, Sapient Corp rose 42 percent to $24.60 on heavy volume after Publicis agreed to buy the digital ad company for $3.7 billion in cash. Covance Inc jumped 25 percent to $100.20 after Laboratory Corp of America Holdings agreed to buy the company for $6.1 billion. Laboratory Corp fell 7.6 percent to $101.01 as the S&P’s biggest decliner. In the latest economic data, construction spending fell 0.4 percent in September, below the 0.7 percent growth that had been expected. Readings on manufacturing were mixed, with the Institute for Supply Management’s index unexpectedly rising in October, while Markit’s final reading showed its lowest rate of growth since July. At 10:58 a.m. (1558 GMT) the Dow Jones industrial average fell 19.94 points, or 0.11 percent, to 17,370.58, the S&P 500 gained 0.95 points, or 0.05 percent, to 2,019 and the Nasdaq Composite added 17.12 points, or 0.37 percent, to 4,647.86. Both the Dow and S&P 500 hit intraday records at their session highs. The Nasdaq was boosted by semiconductors, with the Philadelphia SE Semiconductor index up 0.8 percent. Micron Tech rose 2.1 percent to $33.77. Advancing issues outnumbered declining ones on the NYSE by 1,493 to 1,403, for a 1.06-to-1 ratio on the upside; on the Nasdaq, 1,308 issues rose and 1,200 fell for a 1.09-to-1 ratio favoring advancers. The benchmark S&P 500 index was posting 65 new 52-week highs and 1 new low; the Nasdaq Composite was recording 95 new highs and 20 new lows. (Editing by Nick Zieminski)
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Brexit worries spur safe-haven flows into Swiss franc, Danish crown
Brexit worries spur safe-haven flows into Swiss franc, Danish crown By Anirban Nag2 Min Read The new 50 Swiss Franc note is seen in a store after its release by the Swiss National Bank (SNB) in Bern, Switzerland April 12, 2016. REUTERS/Ruben Sprich/File Photo LONDON (Reuters) - The Swiss franc hit an eight-week peak and the Danish crown held near one-month highs against the euro on Thursday, as investors bought safe-haven currencies on worries that Britain may vote to leave the European Union. The Swiss franc and the Danish crown are seen as low-risk alternatives to the euro and euro zone assets. The euro is likely to suffer if Britain votes to quit the EU, though to a lesser extent than the pound. Though bookmakers’ odds point towards a vote for Britain to remain in the EU, polls suggest a neck-to-neck race between the “Leave” and “Remain” camps ahead of the June 23 referendum. “It now seems the FX market is starting to express an interest more broadly in safe-haven currencies,” said Chris Turner, head of currency strategy at ING. “We are seeing demand developing for European safe havens of the Swiss franc, the Danish crown and the Czech crown.” The Swiss franc climbed 0.3 percent on the day to 1.08860 francs per euro on trading platform EBS, its strongest since April 14. It has risen more than 1.5 percent this week, on track for its biggest rise since January 2015 when the Swiss National Bank lifted a cap on the franc against the euro. Traders said further gains risk intervention by the SNB, whose currency reserves rose in May to $622.42 billion. The Danish crown, which is pegged to the euro, was trading at 7.4355 crowns per euro, not far from a May 13 peak of 7.4345. A push above that level would take it to its highest since early 2015, when speculators attacked the peg in the wake of the SNB decision. The crown is permitted to fluctuate in a corridor of 2.25 percent either side of a central rate of 7.46038 to the euro. In practice, the central bank has kept it within 0.5 percent and intervenes regularly in the currency market to stem the crown’s rise. Additional reporting by Jemima Kelly,; Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.
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Swiss franc cedes ground as SNB confirms FX intervention
Swiss franc cedes ground as SNB confirms FX intervention By Reuters Staff1 Min Read LONDON, June 24 (Reuters) - The Swiss franc retreated on Friday from its highest level since last August against the euro, after the Swiss National Bank confirmed it was intervening in the currency market to stem its rise. The franc, treated as a safe-haven currency during times of financial market turmoil, had risen after Britain voted to leave the European Union in a historic decision earlier in the day. The euro recovered to trade 0.6 percent lower on the day at 1.0846 francs, having hit a low of 1.0623 francs early in the London session. (Reporting by Anirban Nag, editing by Nigel Stephenson) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on June 20
Swiss stocks - Factors to watch on June 20 By Reuters Staff2 Min Read ZURICH/BERLIN, June 20 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3 percent higher at 9,987 points on Thursday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: LAFARGEHOLCIM Lafarge Africa signed an agreement with Caricement to divest its entire holding in South Africa for $317 million. GURIT HOLDING Appoints Philippe Wirth as chief financial officer and member of executive committee as of January 2020 COMPANY STATEMENTS * LafargeHolcim said notes worth $76,912,000 were tendered in a 7.125% 2036 bond buyback. * Crealogix said its chief financial officer would leave the company at the end of the year. * HIAG Immobilien Holding said it appointed Marco Feusi as new chief executive. * Stadler Rail AG said it had won a tender for 55 FLIRT battery-powered multiple units for local transport in the German state of Schleswig-Holstein. * Leclanche SA: commissions Comau to build automated manufacturing lines for lithium-ion battery modules for transport applications ANALYSTS’ VIEWS BARRY CALLEBAUT - Credit Suisse initiates with “outperform” rating ZURICH INSURANCE - JP Morgan raises to “overweight” friom “neutral” GEORG FISCHER AG: Credit Suisse cuts target price to CHF 1150 from 1220 ECONOMY SWISS MAY TRADE BALANCE 3,410 MLN SFR VS 2,309 MLN SFR IN APRIL - CUSTOMS DATA SWISS WATCH EXPORTS RISE 11.4% IN MAY Y/Y IN NOMINAL TERMS TO 2.038 BLN SFR - CUSTOMS DATA (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on July 10
Swiss stocks - Factors to watch on July 10 By Reuters Staff3 Min Read ZURICH/BERLIN, July 10 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% lower at 10,123 points on Friday, according to premarket indications from bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: MCH GROUP An investment company of James Murdoch, media mogul Rupert Murdoch’s son, is planning to take a one-third stake in the Swiss exhibitions company MCH Group, which is boosting capital by 105 million Swiss francs ($111.51 million) after canceling its 2020 Baselworld watch fair as it was beset by the COVID-19 pandemic and the exit of several big watchmakers. JULIUS BAER Swiss wealth manager Julius Baer is creating a new unit offering direct private investments, including private equity and private debt, to ultra-high net worth clients, to be led by former UBS banker Giuseppe De Filippo, who will join the bank in October together with a team. COMPANY STATEMENTS * Novartis.S> said new data showed its Enerzair Breezhaler benefited patients with uncontrolled asthma as the Swiss drugmaker is seeking to get its product approved beyond the European Union, Japan and Canada. * Basilea today opens its tender offer period for the partial repurchase of 90-110 million Swiss francs for its outstanding convertible bonds due 2022. * Meyer Burger Technology to establish its own production of solar cells and solar modules in Saxony-Anhalt and Saxony. Separately, the firm announced details of its planned capital increase, targetting gross proceeds of 165 million Sfr. * EMS Chemie Holding reported net sales of 849 million Sfr and net operating income of 229 million Sfr in the first half of the year. * Schlatter Industries expects to post a significant loss in the first half of the year due to coronavirus impact on demand. * Huber+Suhner expects net sales in the first half of 2020 to be around 16% below the prior-year period. * TX Group expects a decline in revenues of around 20% for first half of 2020. * Perrot Duval’s full-year profit after tax stood at 2.4 million francs. * Glarner Kantonalbank is launching SARON reference rates in its business-to-business mortgages business ANALYSTS’ VIEWS SGS SA: SOCIETE GENERALE RAISES TARGET PRICE TO CHF 2400 FROM CHF 2065 SENSIRION HOLDING AG: JP MORGAN RAISES PRICE TARGET TO CHF 51 FROM CHF 36 BARRY CALLEBAUT AG: CREDIT SUISSE RAISES PRICE TARGET TO CHF 2,100 FROM CHF 2,075 ECONOMY No major economic data scheduled. ($1 = 0.9416 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on October 1
Swiss stocks - Factors to watch on October 1 By Reuters Staff3 Min Read ZURICH/BERLIN, Oct 1 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3% higher at 10,105 points on Tuesday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: CREDIT SUISSE Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of the botched surveillance of the bank’s former wealth management head Iqbal Khan in an internal investigation that cost Thiam’s right-hand man his job. SUNRISE COMMUNICATIONS GROUP Germany’s Freenet on Monday reiterated that it would vote against a planned capital increase at Switzerland’s Sunrise Communications Group to finance the acquisition of UPC Switzerland. COMPANY STATEMENTS * Alpiq Holding: The provisional final result of the tender offer of SKGAB had to be corrected. The new owners hold 89.94% at the end of the subsequent offering period. * APTG AG said it had a net result of 84.9 million euros in the first half of 2019, positively impacted by a non-recurring non cash profit from the carve-out of the operating entities. The last trading day of ATPG AG’s shares on SIX Swiss Exchange will be Oct. 31. * Arundel AG said it had a net profit for the first six months of the year of $7.47 million compared to a net loss of $13.29 million for the year-ago period. * Eastern Property Holdings said its net profit attributable to shareholders rose to $27.29 million in the first half of 2019 from $2.66 mln for same period of last year. * HIAG Immobilien Holding said it was taking over the site of FCA Switzerland SA in Zurich-Altstetten for an undisclosed price. * Implenia said it was building a residential tower block for V-Zug Immobilien as part of Zug Tech Cluster. * SGS said it had acquired the business and assets of the Finnish Institute Of Occupational Health. * Gurit Holding said it was investing further in its aerospace prepreg capability at the German site in Kassel and would close the Zullwil plant, Switzerland in the second half of 2021. * Swiss Estates said its first-half profit was down at CHF 106,000. ECONOMY * Swiss August retail sales due at 0630 GMT. * Swiss September manufacturing PMI due at 0730 GMT. Index seen falling to 46.5. (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on Dec. 17
Swiss stocks - Factors to watch on Dec. 17 By Reuters Staff2 Min Read BERLIN/ZURICH, Dec 17 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% lower at 10,532 points on Tuesday, according to premarket indications by bank Julius Baer. Here are some of the main factors that may affect Swiss stocks: ROCHE The drugmaker has won U.S. antitrust approval for its $4.3 billion deal to buy gene therapy specialist Spark Therapeutics clearing the way for its push into treating rare diseases including hemophilia A. NESTLE Lenders including Credit Suisse, Deutsche Bank and Goldman Sachs Group are in talks to provide as much as $6 billion of debt to help finance Froneri’s buyout of Nestle’s U.S. ice cream business, Bloomberg reported. COMPANY STATEMENTS * Banque Cantonale de Genève said it will redeem its 2014 AT1 bond on Feb. 4. * Bellevue Group said Patrik Gilli had been appointed as Chief Financial Officer, effective immediately. * Partners Group said it was making a significant investment in EyeCare Partners, a medical vision services provider in the United States. ECONOMY * No major Swiss economic data scheduled (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on Dec. 18
Swiss stocks - Factors to watch on Dec. 18 By Reuters Staff2 Min Read ZURICH, Dec 18 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% lower at 10,520 points on Wednesday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks on Wednesday: UBS A group of around 80 of Argentina’s bond holders have formally set up a creditor group, according to a statement, and designated UBS Securities and Mens Sana Advisors as financial advisors. COMPANY STATEMENTS * ABB said Claudio Facchin, Frank Duggan and Chunyuan Gu will step down from its executive committee, as announced last year. Seperately, ABB said it has also completed the divestment of two Shanghai-based electrification joint ventures. * Schlatter Industries said it was anticipating significantly lower revenues and profit this year after a decline in orders. * Meyer Burger Technology said it was closing a site in Germany. * DKSH Holding said it was buying field marketing company Crossmark. * Addex Therapeutics said it has filed a registration statement with the U.S. SEC to ease the NASDAQ listing of American depositry shares in the company. * SGS said it was selling its pest management and fumigation activities in Belgium and the Netherlands to Anticimex. ECONOMY * Swiss National Bank Chairman Thomas Jordan cannot rule out a further sinking of Swiss interest rates, he said in an interview on Wednesday, although such a step was not currently needed. * No major Swiss economic data scheduled Reporting by Zurich newsroom and Berlin Speed DeskOur Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on December 20
Swiss stocks - Factors to watch on December 20 By Reuters Staff4 Min Read BERLIN/ZURICH, Dec 20 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% lower at 10,564 points on Friday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: CREDIT SUISSE Credit Suisse expects to book a pre-tax gain of at least 450 million Swiss francs ($459.6 million) in the fourth quarter of 2019 from revised accounting treatment of its stake in financial infrastructure company SIX Group, the bank said on Friday. Brazilian development bank BNDES chose the investment banking unit of Credit Suisse to manage a share offering to divest about 24 billion reais ($5.90 billion) of its stake in oil firm Petrobras, two people with knowledge of the matter said. NESTLE Nestle agreed to sell a majority stake in Herta, its packaged meat business, to family-run Spanish company Casa Tarradellas to create a joint venture. SWISSCOM Switzerland’s highest court on Thursday upheld a 186 million Swiss franc ($190 million) penalty against Switzerland’s largest telecoms provider, saying pricing policies in its internet business violated cartel laws. Swisscom says guidance for this year unchanged. Shares indicated down 1.3% VOLKSWAGEN SIX Exchange Regulation AG has approved the German carmaker’s request to delist its bearer shares from the Swiss stock exchange. The delisting will take place on March 23, 2020, the last trading day at SIX will be on March 20, 2020. SYNGENTA China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation. The reorganisation includes Swiss giant Syngenta. ChemChina wants to list Syngenta, the Swiss pesticide producer it bought for $45 billion in 2016, on China’s technology-focused STAR market in mid-2020, according to fundraising documents dated from October. COMPANY STATEMENTS * Addex Therapeutics said it would receive an additional $800k funding from Indivior for GABAB PAM addiction programme * Dufry won a new confectionery contract at Singapore Changi Airport * Conzzeta said it would divest Divest Schmid Rhyner, with the closing of the transaction expected by the end of the first quarter of 2020 * SGS ended its share buyback programme and said it did not repurchase shares during the buyback period * Schmolz & Bickenbach announced the results of its rights offering and said the final offer price and final number of new shares sold would be determined on Dec. 20 * Hochdorf Holding said Peter Pfeilschifter had been appointed as CEO after leading group as interim CEO since mid-March 2019 * Autoneum Holding said two major shareholders - Michael Pieper and Peter Spuhler - have granted Autoneum Holding Ltd two subordinated loans of CHF 20 million each * Lindt & Spruengli said Jennifer Picenoni would join the group management as group general counsel and corporate secretary * Schaffner Holding said Chief Operating Officer Max Baenziger would leave the group at the end of January 2020 and Martin Koeppel, head of global quality, would take over the COO’s tasks on a interim basis * G3 Pharmaceuticals announced the signing of an exclusive global development and option agreement with Nestle health science * Meyer Burger Technology said it was selling its inkjet printing business (PiXDRO) located in Meyer Burger (Netherlands) B.V. in Eindhoven to Süss Microtec for around CHF 5 million in cash, with the transaction expected to complete towards the end of February 2020 * Asmallworld raised its full-year revenue guidance from CHF 12.0-12.5 million to CHF 12.5-12.8 million, equivalent to 42-45% revenue growth year-on-year ECONOMY No economic data scheduled $1 = 4.0703 reais $1 = 0.9788 Swiss francs Reporting by Zurich newsroom and Berlin Speed DeskOur Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on December 23
Swiss stocks - Factors to watch on December 23 By Reuters Staff2 Min Read BERLIN/ZURICH, Dec 23 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% lower at 10,673 points on Monday, according to premarket indications from bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: CREDIT SUISSE Credit Suisse said internal and external investigations found senior executive Peter Goerke was placed under observation on behalf of the bank in February, but there was no indication Chief Executive Tidjane Thiam was aware of the surveillance, echoing the findings of reviews conducted after former CS banker Iqbal Khan was tailed in September. For more, click on ROCHE The Swiss drugmaker said it entered into a $1.15 billion licensing agreement with Sarepta Therapeutics to obtain the right to launch and commercialize Sarepta’s gene therapy for Duchenne muscular dystrophy (DMD) outside the United States. For more, click on COMPANY STATEMENTS * DKSH said it signed an agreement to acquire specialty chemicals distributor Axieo, thereby expanding the geographical footprint of its Performance Materials Business Unit in the Pacific region. * Schmolz+Bickenbach: NZZ reported that the company’s third-biggest shareholder, the founding families’ Schmolz+Bickenbach Beteiligungs GmbH, had taken legal action in front of the Swiss Federal Administrative Court against Swiss financial market watchdog FINMA’s decision to allow the two biggest shareholders’ to increase their stakes without submitting an offer for the remaining shares. ANALYSTS’ VIEWS ECONOMY * No major Swiss economic data scheduled Reporting by Zurich newsroom and Berlin Speed DeskOur Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on December 27
Swiss stocks - Factors to watch on December 27 By Reuters Staff2 Min Read BERLIN/ZURICH, Dec 27 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% higher at 10,749 points on Friday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks on Friday: CREDIT SUISSE The U.S. Financial Industry Regulatory Authority (FINRA) and major exchanges have fined Credit Suisse’s CSGN.S U.S.-based securities business $6.5 million for supervisory failings, FINRA said late on Monday. “We are pleased to have resolved these matters with FINRA and these exchanges,” a spokesman for Credit Suisse said on Tuesday. COMPANY STATEMENTS * Molecular Partners said it has received orphan drug designation for MP0250, for the treatment of Multiple Myeloma. * Zur Rose Group said the purchase price payment for the medpex acquisition had been completed early by an earely earn-out settlement. * Wisekey page on Nasdaq website is now showing current stock price of the company, the Swiss e-security company said after technical issues stopped pricing updates. ECONOMY Swiss investor sentiment for December due at 0900 GMT. (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on Jan 10
Swiss stocks - Factors to watch on Jan 10 By Reuters Staff2 Min Read BERLIN/ZURICH, Jan 10 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% higher at 10,677 points on Friday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: UBS French asset management expert Nathalie Rachou and Global Risk Institute Chairman Mark Hughes will be nominated for election to UBS Group’s board of directors at the annual meeting in April, the Swiss bank said. COMPANY STATEMENTS * SGS said it had sold its U.S. pre-owned vehicle inspection business to the Ten Oaks Group. * Cosmo Pharmaceuticals said it was sub-licensing its ByFavo U.S. Rights To Acacia Pharma. * Idorsia said it had, along with Neurocrine Biosciences, amended an option agreement on treatment for pediatric epilepsy. * Basilea Pharmaceutica said fiscal year total revenue was expected to increase to around CHF 134 million. * Aevis Victoria said Swiss Medical Network had entered the share capital of Hôpital du Jura Bernois. ANALYSTS’ VIEWS * KUEHNE UND NAGEL INTERNATIONAL AG: Barclays raises target price to CHF 140 from 130 * ADECCO GROUP AG: JP Morgan starts with overweight rating; price target of CHF 70 * ZURICH INSURANCE: Citigroup raises price target to CHF 458 from CHF 441 ECONOMY The Swiss unemployment rate rose to a non-seasonally adjusted 2.5% in December from 2.3% in the previous month. Adjusted for seasonal factors, the unemployment rate stood unchanged at 2.3%. (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on January 13
Swiss stocks - Factors to watch on January 13 By Reuters Staff2 Min Read BERLIN/ZURICH, Jan 13 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% lower at 10,631 points on Monday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks : CREDIT SUISSE Roger Federer has responded to criticism from teenaged climate change activist Greta Thunberg, saying he is “happy to be reminded” of his responsibilities. The Swiss 20-times Grand Slam champion came under fire from Swede Thunberg last week when she criticised bank Credit Suisse for its record of loans to fossil fuel industries. LONZA Lonza has entered into a strategic partnership with biotechnology company Indapta Therapeutics to manufacture Indapta’s new cell therapy for use in clinical studies, the two groups announced on Friday. OBSEVA The Swiss drugmaker struck a pact with China’s Yuyuan BioScience Technology to develop and commercialize the fertility drug nolasiban, it said on Monday as it seeks to inject new life into a medicine that had flopped a trial. SCHINDLER HOLDING: Largest shareholder Alfred N Schindler will stay on the board of the elevator and escalator maker until at least 2024, with the new agreement to re-allocate shares taking place only between family shareholders, NZZ and TagesAnzeiger reported on Saturday. COMPANY STATEMENTS * Zur Rose Group said Amazon manager Bernd Gschaider is joining as COO * Addex Therapeutics said it completed 2019 with 31.5 million francs of cash and cash equivalents ANALYSTS: * ABB LTD: CITIGROUP RAISES TARGET PRICE TO CHF 27 FROM CHF 26 * SWATCH GROUP AG: RBC RAISES TARGET PRICE TO CHF 280 FROM CHF 275 * COSMO PHARMACEUTICALS NV: JEFFERIES CUTS PRICE TARGET TO CHF 140 FROM CHF 150 * UBS GROUP AG: JP MORGAN ROLL OVER DEC 2021 PRICE TARGET OF CHF 15 VS DEC 2020 PRICE TARGET OF CHF 14.5 * SOFTWAREONE HOLDING AG: CITIGROUP RAISES PRICE TARGET TO CHF 27.5 FROM CHF 25 ECONOMY No major economic data scheduled. Reporting by Zurich newsroom and Berlin Speed DeskOur Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on January 16
Swiss stocks - Factors to watch on January 16 By Reuters Staff1 Min Read BERLIN/ZURICH, Jan 16 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% higher at 10,678 points on Thursday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: Credit Suisse The bank still has questions to answer about its surveillance activities which came to light last year, the head of Switzerland’s financial watchdog said. For more news Geberit The company reported a 1.9% increase in organic sales during its fourth quarter, helped by strong demand in eastern Europe and Italy. For more news COMPANY STATEMENTS * Inficon Holding sees 2019 sales falling to $382 mln after postponing deliveries ANALYSTS’ VIEWS * JULIUS BAER GRUPPE AG: Jefferies starts with buy rating; price target of chf 66 * PSP SWISS PROPERTY AG: JP Morgan cuts to underweight from neutral ECONOMY No major economic data scheduled. Reporting by Zurich newsroom and Berlin Speed DeskOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-swiss-stocks/swiss-stocks-factors-to-watch-on-january-6-idUKL8N2982SX?edition-redirect=uk
Swiss stocks - Factors to watch on January 6
Swiss stocks - Factors to watch on January 6 By Reuters Staff3 Min Read BERLIN/ZURICH, Jan 6 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3% lower at 10,670 points on Monday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: CREDIT SUISSE Credit Suisse Group said on Monday it had hired two bankers from Deutsche Bank AG for its China prime brokerage business, as part of its expansion plans in the world’s second-largest economy. SWISS-EU RELATIONS Most Swiss oppose a referendum campaign launched by the far right to end the free movement of citizens from the European Union, a poll found. The referendum drive reflects unease with the influx of foreigners, who now account for a quarter of the Swiss population. But imposing limits on EU citizens would violate bilateral accords that enhance Swiss access to the EU single market, the lifeblood of the export-led Swiss economy. SIX SWISS EXCHANGE Trading turnover on the Swiss Stock Exchange increased by 8.5% in 2019 to 1,477.1 billion Swiss francs. The number of trades rose 6.1% to 64 million transactions here. BASLER KANTONALBANK SonntagsZeitung paper reported the bank faces a money-laundering investigation after the Swiss Federal Court told prosecutors in Aargau canton not to drop the case as they had planned. It cites a bank spokesman as saying the accusation related to accounts it held for a company involved in fraud is unfounded. NOVARTIS The company has raised U.S. prices on nearly 30 drugs including psoriasis treatment Cosentyx and multiple sclerosis medicine Gilenya, a research firm said. Most of those increases were in the range of 5.5% to 7%. Novartis said it completed its $9.7 billion tender offer for The Medicine Co, a deal to augment its portfolio of heart drugs. ANALYSTS: * VIFOR PHARMA AG: JP MORGAN RAISES TARGET PRICE TO CHF 175 FROM CHF 155 * MOLECULAR PARTNERS AG: JP MORGAN RAISES TO OVERWEIGHT FROM NEUTRAL; RAISES TARGET PRICE TO CHF 21.50 FROM CHF 15.50 * LONZA GROUP AG: JP MORGAN RAISES TARGET PRICE TO CHF 390 FROM CHF 370 * NOVARTIS AG: JP MORGAN RAISES TARGET PRICE TO CHF 91 FROM CHF 82 * ROCHE HOLDING AG: JP MORGAN RAISES TARGET PRICE TO CHF 375 FROM CHF 330 * SONOVA HOLDING AG: JP MORGAN RAISES TO OVERWEIGHT FROM NEUTRAL; RAISES TARGET PRICE TO CHF 236 FROM CHF 192 COMPANY STATEMENTS * Schmolz + Bickenbach: Major shareholder Liwet Holding has withdrawn a request to convene an extraordinary general meeting to replace the board of directors. * DKSH Holding said it had partnered with Cuhk Medical Centre in Hong Kong * Stadler Rail said it won a contract to supply 14 trams to Darmstadt transport operator, a deal worth 62 million euros. * Sunrise Communications says it hired Uwe Schiller as CFO ECONOMY * No major Swiss economic data scheduled (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on January 8
Swiss stocks - Factors to watch on January 8 By Reuters Staff2 Min Read BERLIN/ZURICH, Jan 8 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3% lower at 10,658 points on Wednesday, according to premarket indications by bank Julius Baer. Here are some of the main factors that may affect Swiss stocks: STOCKS European companies will report a smaller growth in earnings in the fourth quarter than previously expected, but are likely to end a nine month long corporate recession, according to data from I/B/E/S Refinitiv. COMPANY STATEMENTS * Unlisted Swiss customs and freight forwarding solutions provider SISA Studio Informatica SA is acquired by Australia’s WiseTech Global. * SGS said it has acquired U.S. clinical research company Thomas J Stephens & Associates for an undisclosed amount. * Schindler Holding - family members have agreed a to reallocate shares between generations in a series of transactions due to take place in the next two years. ANALYSTS’ VIEWS CREDIT SUISSE - RBC cuts target price to 15 SFr from 15.50 SFr UBS - RBC raises target price to 14.50 SFr from 13.50 SFr ABB - BofA Global Research says the company rolled over back on to Europe 1 list ECONOMY No major Swiss economic data scheduled Reporting by Zurich newsroom and Berlin Speed DeskOur Standards: The Thomson Reuters Trust Principles.
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Swiss stocks - Factors to watch on January 9
Swiss stocks - Factors to watch on January 9 By Reuters Staff3 Min Read BERLIN/ZURICH, Jan 9 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3 percent higher at 10,688 points on Thursday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: JULIUS BAER The Swiss private bank said on Thursday it was contesting a renewed claim in the amount of 335 million euros ($372.49 million) plus interest by the liquidator of a Lithuanian corporation. For more, click on SIKA The Swiss construction chemicals maker said sales grew 16.3% in local currencies to 8.11 billion Swiss francs ($8.33 billion)in 2019. It expects to post double-digit EBIT growth for 2019. For more, click on SNB The Swiss National Bank expects to post an annual profit of 49 billion Swiss francs ($50.29 billion) for 2019, it said on Thursday, citing big gains from foreign bonds and stocks bought to dampen the value of the safe-haven Swiss franc. For more, click on COMPANY STATEMENTS * Newron Pharmaceuticals said it reached an agreement with the U.S. Food and Drug Administration (FDA) on the design and conduct of explanatory studies with Evenamide required to address previously announced potential safety issues raised by the FDA. * Novartis announced mechanistic study results showing ligelizumab is more effective at inhibiting the major pathogenic IgE/FcεRI pathway in chronic spontaneous urticaria (CSU), than current therapy Xolair (omalizumab). * Novavest Real Estate said Patrick Hauser will start as CFO from Jan. 9. Michel Aebischer is leaving “by mutual agreement”. * Schmolz+Bickenbach said its share capital recorded in the commercial register was increased to just over 2 billion shares with a nominal value of 0.30 Swiss francs each. * Tornos said the final payment related to the sale of a business property in 2018 was delayed so the proceeds from the sale will not affect 2019 profitability as planned. ANALYSTS’ VIEWS * Zurich Insurance Group: Jefferies cuts target price to 385 Swiss francs from 400 Sfr * Lindt & Spruengli: Credit Suisse raises target price to 7,150 Sfr from 6,200 Sfr * Swatch Group Ag: Citigroup cuts price target to Sfr 356 from Sfr 364 * SGS SA: Berenberg cuts target price to 2,350 Sfr from 2,450 Sfr * Roche Holding Ag: Deutsche Bank cuts target price to 350 Sfr from 355 Sfr * Novartis Ag: Deutsche Bank cuts target price to 96 Sfr from 97 Sfr ECONOMY Swiss retail sales due at 0730 GMT. Swiss foreign exchange reserves due to be announced at around 0800 GMT. ($1 = 0.9739 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-swiss-stocks/swiss-stocks-factors-to-watch-on-sept-16-idINL5N2641NU?edition-redirect=in
Swiss stocks - Factors to watch on Sept 16
Swiss stocks - Factors to watch on Sept 16 By Reuters Staff2 Min Read ZURICH/BERLIN, Sept 16 (Reuters) - The Swiss blue-chip SMI was seen opening 0.6 percent lower at 9,9993 points on Monday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: ROCHE Roche meets with investors on Monday about drugs in its pipeline as the biggest maker of cancer drugs diversifies its portfolio to include a slate of medicines for rare diseases, among other new products. It is also in the midst of a delayed takeover of Spark Therapeutics in the United States as regulators subject the $4.3 billion deal to intense scrutiny. KUEHNE + NAGEL Honourary chairman Klaus-Michel Kuehne said he was confident about the logistics company’s prospects despite uncertainties like Brexit and the trade war, he told SonntagsZeitung in an interview. “As far as the economy and global trade are concerned, I am basically confident,” he said. COMPANY NEWS: * HBM Healthcare Investments said the stock market debut of SpringWorks Therapeutics increased its net asset value by 1.1% * AMS AG said it had lowered the acceptance threshold for its offer for Osram to 62.5% and that it expected to hold an extraordinary general shareholders meeting for a 1.5 billion euros equity issuance by the end of October * Glarner Kantonalbank said management board member Marcel Stauch is leaving at the end of March 2020. Thurgauer Kantonalbank said simultaneously that Stauch is replacing Rolf Brunner as head of services. * Lem said Rebecca Cullinan has been appointed new senior vice president of industry and will join the company in December. ECONOMY No economic data scheduled. (Reporting by Zurich newsroom and Berlin Speed Desk) Our Standards: The Thomson Reuters Trust Principles.
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BUZZ-U.S. STOCKS ON THE MOVE-American Eagle, Tapestry, Top Ships, JetBlue Airways, Navistar
BUZZ-U.S. STOCKS ON THE MOVE-American Eagle, Tapestry, Top Ships, JetBlue Airways, Navistar By Reuters Staff0 Min Read * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh U.S. stocks rose broadly at the open on Wednesday as encouraging data from China allayed concerns of slowing global growth, with sentiment getting a boost on signs of easing tensions in Hong Kong following the withdrawal of a controversial bill. At 9:47 ET, the Dow Jones Industrial Average was up 0.73% at 26,308.79. The S&P 500 was up 0.81% at 2,929.77 and the Nasdaq Composite was up 1.05% at 7,956.729. The top three S&P 500 percentage gainers: ** PVH Corp, up 6.3% ** Western Digital Corp, up 6.3% ** IPG Photonics Corp, up 5% The top three S&P 500 percentage losers: ** Tyson Foods Inc, down 4.3% ** Starbucks Corp, down 3.1% ** Fortive Corp, down 1.4% The top NYSE percentage gainer: ** Box Inc, up 9.5% The top NYSE percentage loser: ** American Eagle Outfitters Inc, down 13.3% The top two Nasdaq percentage gainers: ** OpGen Inc, up 68.3% ** Top Ships Inc, up 25.4% The top three Nasdaq percentage losers: ** Eltek Ltd, down 19.4% ** Vera Bradley Inc, down 19.2% ** TuanChe Ltd, down 17.1% ** Tapestry Inc: up 4.0% BUZZ-Tapestry: Rises after CEO Victor Luis steps down ** JetBlue Airways Corp: down 4.1% BUZZ-JetBlue down after cutting Q3 forecast for key revenue metric ** Campbell Soup Co: up 1.6% BUZZ-Campbell Soup Co: Rises as Piper Jaffray upgrades to "neutral" ** American Eagle Outfitters Inc: down 13.3% BUZZ-American Eagle: Slips after Q3 forecast disappoints ** Navistar International Corp: up 7.6% BUZZ- Navistar International Corp: Jumps on Q2 results beat ** Tyson Foods Inc: down 4.3% BUZZ-Tyson Foods: Tumbles after FY profit forecast cut ** Box Inc: up 9.5% BUZZ-Box: Shares jump after Starboard reveals 7.5% stake ** Superior Industries International Inc: down 3.8% BUZZ-Superior Industries shares humbled on dividend suspension ** Seadrill Ltd: up 8.9% BUZZ-Seadrill: Shares soar after contract award ** Top Ships Inc: up 25.4% BUZZ-TOP Ships: Jumps on smaller first-half loss ** Coupa Software Inc: up 14.1% BUZZ-Coupa Software: Eyes record high on upbeat Q2 results ** Redwood Trust Inc : down 1.7% BUZZ-Redwood Trust Inc drops on upsized stock deal ** Co-Diagnostics Inc: up 0.9% BUZZ-Co-Diagnostics rises on expanded license agreement ** Idera Pharmaceuticals Inc: up 2.6% BUZZ-Idera Pharmaceuticals: Climbs on entering research partnership with AbbVie ** OpGen Inc: up 68.3% BUZZ-OpGen Inc: Set for best day in 3 years after deal to buy rival Curetis ** Clearside Biomedical Inc: up 34% BUZZ-Clearside jumps as Regenxbio picks its device for delivery of gene therapy ** Michaels Companies Inc: up 22.5% BUZZ-Michaels Cos paints rosy outlook, shares jump ** Village Farms International Inc: up 1.3% BUZZ-Village Farms: Up on cannabis supply deal ** Insulet Corp: down 2.3% BUZZ-Insulet Corp falls on upsized convertible debt deal ** Citius Pharmaceuticals Inc: up 16.2% BUZZ-Citius jumps on cost savings prospect of ~$10 mln in clinical trial ** Safe Bulkers Inc: down 8.9% BUZZ-Safe Bulkers sinks after posting surprise Q2 loss ** PVH Corp: up 6.3% BUZZ-Calvin Klein-owner PVH eyes best day in 5 months ** eGain Corp: down 0.8% BUZZ-eGain: Tumbles as co forecasts FY profit, revenue below estimates The 11 major S&P 500 sectors: Communication Services up 0.83% Consumer Discretionary up 0.42% Consumer Staples up 0.15% Energy up 1.36% Financial up 0.74% Health up 0.35% Industrial up 1.11% Information Technology up 1.38% Materials up 1.01% Real Estate up 0.71% Utilities up 0.28% (Compiled by Praveen Paramasivam in Bengaluru) Our Standards: The Thomson Reuters Trust Principles.
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BUZZ-U.S. STOCKS ON THE MOVE-PepsiCo, Tesla, GoPro, Bed Bath & Beyond
BUZZ-U.S. STOCKS ON THE MOVE-PepsiCo, Tesla, GoPro, Bed Bath & Beyond By Reuters Staff0 Min Read * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh Wall Street's main indexes rose in volatile trading on Thursday as U.S. services sector activity slowed to a three-year low, fueling hopes of further easing in monetary policy by the Federal Reserve to stem a wider economic downturn. At 13:05 ET, the Dow Jones Industrial Average was up 0.21% at 26,132.93. The S&P 500 was up 0.48% at 2,901.59 and the Nasdaq Composite was up 0.80% at 7,847.16. The top three S&P 500 percentage gainers: ** MarketAxess Holdings Inc, up 5.2% ** Lamb Weston Holdings Inc, up 5% ** Activision Blizzard Inc, up 4.5% The top three S&P 500 percentage losers: ** Constellation Brands Inc, down 5.5% ** Perrigo Company PLC, down 3.8% ** Ulta Beauty Inc, down 3.8% The top NYSE percentage gainer: ** Cleveland-Cliffs Inc, up 9.5% The top NYSE percentage loser: ** Yuma Energy Inc, down 10.6% The top three Nasdaq percentage gainers: ** PDS Biotechnology Corp, up 26.7% ** Synthesis Energy Systems Inc, up 19.5% ** The Meet Group Inc, up 18.7% The top three Nasdaq percentage losers: ** Enlivex Therapeutics Ltd, down 39.4% ** GoPro Inc, down 19.8% ** AXT Inc, down 17.4% ** Tesla Inc: down 5.7% BUZZ-Falls on Q3 deliveries miss BUZZ-Street View: After Tesla's disappointing deliveries, focus now on Q3 results ** GoPro Inc: down 19.8% BUZZ-Slumps after slashing forecast for second half 2019 profit ** Puma Biotechnology Inc : up 3.5% BUZZ-Jumps after FDA approves label supplement for breast cancer drug ** Bed Bath & Beyond Inc: down 3.4% BUZZ-Bed Bath & Beyond falls after weak same-store sales, FY forecast; analysts wary ** Teligent Inc: down 11.5% BUZZ-Strategic review signals fall in sales - Raymond James ** City Office REIT Inc: down 2.0% BUZZ-Down on 6 mln share offering ** PepsiCo Inc: up 4.0% BUZZ-Beverage demand powers PepsiCo Q3 beat, shares rise ** Biogen Inc: up 0.2% BUZZ-Upcoming drug trial data may not turn investor sentiment - Wedbush ** Aurora Cannabis Inc: up 3.1% BUZZ-Rises on global operations update ** Cleveland-Cliffs Inc: up 9.5% BUZZ-Gains as co set to join S&P Smallcap 600 ** Jazz Pharmaceuticals Plc: up 0.8% BUZZ-SVB Leerink "more positive" on narcolepsy drug ** Tocagen Inc: up 7.7% BUZZ-Plans to trim workforce after brain cancer trial failure ** Meet Group Inc: up 18.7% BUZZ-Rises on robust revenue forecast ** FuelCell Energy Inc: up 15.6% BUZZ-Expects additional loan after amended agreement; shares jump ** Constellation Brands Inc: down 5.5% BUZZ-Constellation Brands shares hit by Canopy-linked write down ** Concert Pharmaceuticals Inc: down 1.0% BUZZ-Attractive entry point after Alzheimer's drug trial - H.C. Wainwright ** Annaly Capital Management Inc: up 1.0% ** Chimera Investment Corp: up 1.3% ** MFA Financial Inc: down 0.2% ** AGNC Investment Corp: up 0.6% BUZZ-RBC sees opportunity for mortgage REITs amid challenging rate environment, picks Annaly as favorite ** Mosaic Co: down 2.4% BUZZ-Fertilizer cos: The agriculture balloon has somewhat popped - BMO ** Take-Two Interactive Software Inc: up 0.9% BUZZ-Instinet says shares fairly valued at current levels ** Summit Therapeutics Plc: up 11.5% BUZZ-Rises on successful trial data for colon drug ** PDS Biotechnology Corp: up 26.7% BUZZ-Soars on Merck collaboration for cancer drug ** Resources Connection: down 13.0% BUZZ-Shares tumble with quarterly revenue ** Obalon Therapeutics Inc: up 10.1% BUZZ-Up after announcing debt settlement with Pacific Western Bank ** Safe-T Group Ltd: up 25.9% BUZZ-Eyes best day in over six months on Q3 revenue forecast ** AXT Inc: down 17.4% BUZZ-Hits nearly 3-1/2 year low after Q3 revenue forecast disappoints ** Catalyst Biosciences Inc: up 13.1% BUZZ-Up on positive trial update on blood disorder drug ** AngioDynamics Inc: down 17.2% BUZZ-At over 3-yr low after revenue miss, forecast cut ** Domtar Corp: up 3.7% BUZZ-Rises on reduced paper-making capacity amid declining market ** Arista Networks Inc: down 2.7% BUZZ-Falls as Instinet downgrades to 'neutral', says recovery elusive ** CrowdStrike Holdings Inc: up 7.0% ** Okta Inc: up 6.4% ** Atlassian Corp Plc: up 3.6% ** Zscaler Inc: up 3.5% BUZZ-SunTrust starts coverage of 14 cloud software, cybersecurity firms ** Aprea Therapeutics Inc: up 12.7% BUZZ-Trading high after debut on Nasdaq ** Insulet Corp: down 0.9% BUZZ-Insulet's "lofty valuation" triggers cut to "neutral" from Guggenheim ** Incyte Corp: up 2.2% BUZZ-"Lower risk" with potential new sources of revenue, initiates with "buy"- Mizuho ** Snap Inc: down 5.1% BUZZ-Snap drops after Facebook launches camera-first messaging app from Instagram ** Bank of America Corp: down 0.5% ** JPMorgan Chase & Co: down 0.5% ** Morgan Stanley: down 0.4% ** Wells Fargo & Co: down 0.4% ** Goldman Sachs Group Inc: down 0.7% BUZZ-Big banks slip as odds of interest rate cuts rise after weak services report ** Verastem Inc: up 7.1% BUZZ-Rises on positive preclinical data for cancer drug The 11 major S&P 500 sectors: Communication Services up 0.64% Consumer Discretionary up 0.05% Consumer Staples up 0.93% Energy up 0.47% Financial down 0.30% Health up 0.66% Industrial up 0.15% Information Technology up 0.97% Materials up 0.04% Real Estate up 1.00% Utilities up 0.15% (Compiled by Ayanti Bera and C Nivedita in Bengaluru) Our Standards: The Thomson Reuters Trust Principles.
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BUZZ-U.S. STOCKS ON THE MOVE-Oil companies, Slack, Altria, Urban Outfitters
BUZZ-U.S. STOCKS ON THE MOVE-Oil companies, Slack, Altria, Urban Outfitters By Reuters Staff0 Min Read * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh The S&P 500 and the Dow Jones indexes slipped from record levels on Tuesday as dour forecasts from Home Depot and Kohl's eroded confidence on the strength of U.S. consumer spending ahead of the all-important holiday shopping season. At 14:09 ET, the Dow Jones Industrial Average was down 0.29% at 27,955.74. The S&P 500 was up 0.06% at 3,124.03 and the Nasdaq Composite was up 0.42% at 8,585.482. The top three S&P 500 percentage gainers: ** Advanced Micro Devices Inc, up 3.6% ** ABIOMED Inc, up 3.5% ** Constellation Brands Inc, up 2.9% The top three S&P 500 percentage losers: ** Kohl's COrp, down 19.3% ** Macy's Inc, down 10.9% ** Nordstrom Inc, down 5.8% The top three NYSE percentage gainers: ** Myovant Sciences Ltd, up 102.8% ** JinkoSolar Holding Co Ltd, up 13.3% ** Quintana Energy Services Inc, up 13.2% The top three NYSE percentage losers: ** BiomX Inc, down 35% ** Intelsat SA, down 19.9% ** Kohl's COrp, down 19.3% The top three Nasdaq percentage gainers: ** SAExploration Holdings Inc, up 78.5% ** Athenex Inc, up 35.8% ** Karuna Therapeutics Inc, up 32.8% The top three Nasdaq percentage losers: ** KLX Energy Services Holdings Inc, down 29.2% ** Bioanalytical Systems Inc, down 21.7% ** Pioneer Power Solutions Inc, down 18.8% ** AMC Entertainment Holdings Inc: up 0.5% ** Cinemark Holdings Inc: up 1.5% BUZZ-Court scraps 'Paramount' antitrust decrees, cinema operators rise ** Karuna Therapeutics Inc: up 32.8% BUZZ-Karuna launches stock offering after positive schizophrenia study results BUZZ-Karuna spikes to fresh post-IPO high after successful schizophrenia study ** Kornit Digital Ltd: down 0.7% BUZZ-Kornit Digital Ltd: Falls after Q3 results disappoint ** Therapix Biosciences Ltd: up 11.6% BUZZ-Therapix Biosciences jumps on potential takeover deal ** Broadcom Inc: up 2.8% BUZZ-Morgan Stanley names chipmaker Broadcom its new top pick, upgrades to 'overweight' ** Home Depot Inc: down 5.3% ** Lowe's Companies Inc: down 1.6% ** Kohl's Corp: down 19.3% ** Macy's Inc: down 10.9% ** Nordstrom Inc: down 5.8% BUZZ-Home Depot: Falls after FY sales forecast cut, drags Lowe's BUZZ-Kohl's: Falls on FY profit forecast cut, Q3 same-store sales miss BUZZ-Retail stocks tumble on Home Depot, Kohl's dour forecasts ** SAExploration Holdings Inc: up 78.5% BUZZ-SAExploration more than doubles on $130 mln new projects ** JinkoSolar Holding Co Ltd: up 13.3% BUZZ-JinkoSolar Holding: Rises on upbeat Q3 results ** Ellington Financial Inc: down 3.0% BUZZ-Ellington Financial Inc: Falls after discounted stock offering ** ServiceNow Inc: up 4.8% BUZZ-ServiceNow rises on gaining entry to S&P 500, to replace Celgene ** Duke Energy Corp: down 1.6% BUZZ-Duke Energy Corp: Down after pricing stock offering ** MSG Networks Inc: down 4.2% BUZZ-MSG Networks: Slides after Guggenheim downgrades on challenging contract renewals ** Intelsat SA: down 19.9% BUZZ-Intelsat: JP Morgan says private auction "officially dead", sets Street-low PT ** Myovant Sciences Ltd: up 102.8% BUZZ-Myovant Sciences: Jumps after prostate cancer therapy succeeds late-stage trial ** Methanex Corp: down 4.6% BUZZ-Methanex Corp: TD Securities cuts to "hold" ** Boeing Co: down 0.5% BUZZ-Boeing: Drops as NTSB calls for redesign of part on 737 planes ** Dicerna Pharmaceuticals Inc: up 11.9% BUZZ-Street View: Dicerna adds muscle with Novo Nordisk partnership ** AT&T Inc: down 3.8% BUZZ-AT&T Inc: Slips as Moffett Nathason doubts 2020 revenue target achievability ** Personalis Inc: up 1.2% BUZZ-Personalis gains on tie-up with Germany's Merck over cancer therapies ** TJX Companies Inc: up 1.5% BUZZ-TJX a bright spot in gloomy day for retail ** CNS Pharmaceuticals Inc: up 7.7% BUZZ-CNS Pharma up on acquiring rights to Berubicin for brain cancer treatment ** Progyny Inc: up 16.7% BUZZ-Fertility benefits manager Progyny blooms as IPO banks bullish ** CRISPR Therapeutics AG: up 17.9% ** Vertex Pharmaceuticals Inc: up 2.3% ** Editas Medicine Inc: up 10.4% ** Intellia Therapeutics Inc: up 11.4% ** Sangamo Therapeutics Inc: up 4.8% BUZZ-Gene editing therapy makers rise on promising early results from CRISPR, Vertex BUZZ-Street View: Early data from CRISPR, Vertex gene editing therapy herald era of potential cures ** Gogo Inc: up 7.5% BUZZ-Gogo rises as Qatar Airways picks co to install in-flight connectivity ** Slack Technologies Inc: down 9.5% BUZZ-Slack Technologies: Falls on user growth of Microsoft's Teams ** DHT Holdings Inc: down 5.2% BUZZ-DHT Holdings falls on discounted secondary stock offering ** Chefs' Warehouse Inc: down 8.1% BUZZ-Chefs' Warehouse shares scorched on convertible debt deal plans ** Altria Group Inc: down 2.3% BUZZ-Altria Group shares hit as New York AG sues Juul Labs ** PG&E Corp: down 3.9% BUZZ-PG&E Corp warns over 300,000 customers of possible power cut, shares fall ** 58.com Inc: up 12.4% BUZZ-China's 58.com Inc rises on Q3 revenue, profit beat ** Roku Inc: down 3.1% BUZZ-Roku snaps 7-day win streak on share sale plan ** Cabaletta Bio Inc: up 27.5% BUZZ-Cabaletta Bio Inc: Hits record high as Street starts coverage with 'buy' ** Orchard Therapeutics Plc: up 1.8% BUZZ-Orchard Therapeutics: European regulator cuts review time for nervous system disorder drug ** Diamondback Energy Inc: down 1.2% ** Apache Corp: down 2.2% ** Devon Energy Corp: down 1.9% ** Occidental Petroleum Corp: down 3.0% ** Whiting Petroleum Corp: down 7.4% ** Chevron Corp: down 1.2% ** Exxon Mobil Corp: down 0.8% ** Schlumberger NV: down 0.5% ** Halliburton Co: down 0.9% ** National Oilwell Varco Inc: down 1.0% BUZZ-Oil cos fall for second straight day on oversupply fears, trade woes ** PPDAI Group Inc: down 14.6% BUZZ-China's PPDAI Group Inc falls to a record low on lower profit ** Urban Outfitters Inc: down 5.8% BUZZ-Urban Outfitters dips ahead of quarterly report ** Floor & Decor Holdings Inc: down 1.5% BUZZ-Floor & Decor down as #1 holder Ares Management discloses stake cut The 11 major S&P 500 sectors: Communication Services down 0.11% Consumer Discretionary down 0.81% Consumer Staples down 0.29% Energy down 1.14% Financial up 0.33% Health up 0.63% Industrial down 0.03% Information Technology up 0.42% Materials down 0.15% Real Estate up 0.20% Utilities flat (Compiled by Akanksha Rana in Bengaluru) Our Standards: The Thomson Reuters Trust Principles.
9d249e104cb09fa9b5627eb00615f6cc
https://www.reuters.com/article/markets-usa-stocks-pulse-idCAL4N1UY4Y3?edition-redirect=ca
BUZZ-U.S. STOCKS ON THE MOVE-Office Depot, Marriott, Zillow, On Deck
BUZZ-U.S. STOCKS ON THE MOVE-Office Depot, Marriott, Zillow, On Deck By 0 Min Read * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, and a strong second-quarter earnings season fueled optimism about the strength in the U.S. economy. At 19:38 ET, the Dow Jones Industrial Average was up 0.61 percent at 25,658.76. The S&P 500 was up 0.37 percent at 2,861.01 and the Nasdaq Composite was up 0.34 percent at 7,886.256. The top three S&P 500 percentage gainers: ** Broadridge Financial Solutions Inc, up 6.5 pct ** The Mosaic Co, up 5.8 pct ** Mylan N.V., up 2.7 pct The top three S&P 500 percentage losers: ** Dentsply Sirona Inc, down 18 pct ** Expeditors International of Washington Inc, down 7 pct ** Discovery Inc, down 6.8 pct The top three NYSE percentage gainers: ** Orchids Paper Products Co, up 41 pct ** On Deck Capital, up 26.7 pct ** NeoPhotonics Corp, up 21 pct The top three NYSE percentage losers: ** VAALCO Energy Inc, down 21 pct ** Owens & Minor Inc, down 15.2 pct ** Weight Watchers International Inc, down 14.3 pct The top three Nasdaq percentage gainers: ** iFresh Inc, up 58.7 pct ** Vericel Corp, up 25.5 pct ** Tactile Systems Technology Inc, up 20.7 pct The top three Nasdaq percentage losers: ** Gemphire Therapeutics Inc, down 45.4 pct ** Spark Therapeutics Inc, down 31.3 pct ** Luminex Corp, down 20 pct ** Office Depot Inc: up 13.0 pct BUZZ-Office Depot: Jumps as co re-initiates share buyback program; results beat ** Marriott International Inc: down 3.0 pct BUZZ-Marriott slips on tepid H2 forecast ** Zillow Group Inc: down 17.1 pct BUZZ-Zillow Group: Tumbles after slashing FY outlook ** On Deck Capital Inc: up 26.7 pct UPDATE 1-Online lender OnDeck tops profit estimates on higher loan originations ** Discovery Inc: down 6.8 pct UPDATE 1-Discovery profit misses on Scripps acquisition costs ** Etsy Inc: up 9.8 pct BUZZ-High-flying Etsy eyes another record after revenue forecast raised ** Twilio Inc: up 16.3 pct BUZZ-Twilio: Jumps 16 pct, eyes record high after strong report ** Cherokee Inc: up 4.1 pct BUZZ-Cherokee up for second day, doubles in value after debt refinancing ** Spark Therapeutics Inc: down 31.3 pct BUZZ-Spark Therapeutics: Tumbles on hemophilia drug update ** Cigna Corp: up 0.4 pct Icahn urges Cigna shareholders to vote against Express Scripts deal ** Energen Corp: down 0.9 pct UPDATE 2-Energen tops profit estimates, raises production forecast ** Bellerophon Therapeutics Inc: down 75.9 pct BUZZ-Bellerophon Therapeutics: Shares plunge after committee recommends trial be stopped ** Tesla Inc: up 0.6 pct Tesla starts hiring for new $2 bln Shanghai plant ** Ford Motor Co: up 0.4 pct BUZZ-Ford: Berenberg expects div cut amid dwindling cash flow ** Costco Wholesale Corp: up 0.9 pct BUZZ-Costco: Top-rated analyst expects solid July sales report ** Gemphire Therapeutics: down 45.4 pct BUZZ-Gemphire Therapeutics: Tumbles on FDA's request for additional safety data ** DENTSPLY SIRONA Inc: down 18.0 pct BUZZ-Dentsply Sirona slides after weak guidance, restructuring plans ** Weight Watchers International Inc: down 14.3 pct BUZZ-Weight Watchers : Dips on fewer subscribers quarter-on-quarter ** Imprimis Pharmaceuticals Inc: up 10.0 pct BUZZ-Imprimis Pharma: Jumps on higher quarterly revenue ** Bausch Health Companies Inc: up 6.5 pct UPDATE 1-Bausch Health beats estimates on higher sales of bowel disorder drugs ** Viveve Medical Inc: up 7.3 pct BRIEF-Viveve Announces FDA Approval To Continue VIVEVE II Clinical Study ** Triplepoint Venture Growth BDC Corp: down 4.7 pct BRIEF-Triplepoint Venture Growth BDC Corp Announces Public Offering, Concurrent Private Placement Of Common Stock ** Synergy Pharmaceuticals Inc: up 5.3 pct BUZZ-Synergy Pharma: Jumps on entering license agreement in China ** Dean Foods Co: down 10.6 pct BUZZ-Dean Foods: Falls on lowered forecast ** Horizon Global Corp: up 16.7 pct BRIEF-Horizon Global Reports Q2 Adjusted Earnings Per Share $0.36 ** Mallinckrodt Public Ltd Co: up 21.3 pct BUZZ-Mallinckrodt: Gains on quarterly beat, raised FY forecasts ** PulteGroup Inc: up 0.5 pct BUZZ-PulteGroup: Lack of near-term catalysts prompts Mizuho to downgrade ** SCANA Corp: down 5.1 pct BUZZ-Scana Corp: Drops as Mizuho cuts to 'neutral' on court ruling ** SeaWorld Entertainment Inc: up 3.6 pct BUZZ-SeaWorld Entertainment: Macquarie upgrades as co recaptures visits ** Owens & Minor Inc: down 15.2 pct BUZZ-Owens & Minor: Drops on dismal full-year profit forecast ** Express Scripts Holding Co: up 0.7 pct BUZZ-Express Scripts: Dips as Icahn opposes Cigna deal Icahn highlights Amazon threat in bid to block Cigna-Express Scripts deal ** Sanchez Energy Corp: down 14.9 pct BUZZ-Sanchez Energy: Slides after reporting a Q2 loss ** Naked Brand Group Ltd: down 6.7 pct BRIEF-Naked Brand Group Files Amended Prospectus Related To Resale By Selling Shareholders Of Up To 12.7 Mln Co's Ordinary Shares ** Illumina Inc: up 2.2 pct BUZZ-Illumina: MS says long-term opportunities de-risked, upgrades ** CBL & Associates Properties Inc: down 7.2 pct BUZZ-CBL & Associates: BTIG downgrades to sell, expects 50 pct dividend cut ** Brighthouse Financial Inc: up 1.2 pct BUZZ-Brighthouse Financial: Down on Q2 profit miss The 11 major S&P 500 sectors: Consumer Discretionary up 0.31 pct Consumer Staples down 0.83 pct Energy up 0.95 pct Financial up 0.81 pct Health up 0.28 pct Industrial up 0.70 pct Information Technology up 0.52 pct Materials up 0.60 pct Real Estate down 0.60 pct Teleservices down 0.13 pct Utilities down 0.86 pct ( Compiled by Bharath Manjesh in Bengaluru)
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https://www.reuters.com/article/markets-usa-stocks-pulse-idCAL4N1Y23QF?edition-redirect=ca
BUZZ-U.S. STOCKS ON THE MOVE-Apple, Tesla, Spirit Airlines, Bristol-Myers, Micron
BUZZ-U.S. STOCKS ON THE MOVE-Apple, Tesla, Spirit Airlines, Bristol-Myers, Micron By 4 Min Read * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh Wall Street was set to open lower on Tuesday after President Donald Trump said he would move ahead with more tariffs on Chinese goods, dampening optimism of resolving the ongoing trade spat at the upcoming G20 Summit. At 8:51 ET, Dow e-minis were down 0.41 percent at 24,497. S&P 500 e-minis were down 0.41 percent at 2,659, while Nasdaq 100 e-minis were down 0.48 percent at 6,641. The top three NYSE percentage gainers premarket: ** Nordic American Offshore Ltd up 23.9 pct ** Spirit Airlines Inc up 11.4 pct ** Frontline Ltd up 10.8 pct The top three NYSE percentage losers premarket: ** Navios Maritime Partners LP down 15.3 pct ** Buckle Inc down 8 pct ** Mechel PAO down 5.3 pct The top three Nasdaq percentage gainers premarket: ** Community Health Systems Inc up 56.3 pct ** Aethlon Medical Inc up 35.9 pct ** Arsanis Inc up 25.9 pct The top three Nasdaq percentage losers premarket: ** Ferroglobe Plc down 38.8 pct ** Halozyme Therapeutics Inc down 18.1 pct ** Tonix Pharmaceuticals Holding Corp down 13 pct ** Apple Inc: down 1.5 pct premarket BUZZ-Apple: Slips on threat of import tariffs on iPhones ** Tesla Inc: down 1.5 pct premarket BUZZ-Tesla down after industry body says Oct sales in China plungev ** Spirit Airlines Inc: up 11.4 pct premarket BUZZ-Spirit Airlines Inc: Up after raising Q4 unit revenue forecast ** Hormel Foods Corp: down 1.3 pct premarket BUZZ-Hormel Foods: Slips as Jefferies downgrades to “hold” ** Ferroglobe Plc: down 40.7 pct premarket BUZZ-Ferroglobe PLC: Plummets on disappointing quarterly results ** DPW Holdings Inc: up 7.9 pct premarket BUZZ-DPW Holdings Inc: Surges on move to spin off crypto business ** Micron Technology Inc: down 1.3 pct premarket BUZZ-Micron Technology: UBS cuts PT, says DRAM pricing weakening ** Arsanis Inc: up 25.9 pct premarket BUZZ-Arsanis Inc: Shoots up on merger agreement with X4 Pharmaceuticals ** Hibbett Sports Inc: down 5.0 pct premarket BUZZ-Hibbett Sports: Falls on Q3 profit and sales miss, FY profit forecast cut ** United Technologies Corp: down 1.9 pct premarket BUZZ-United Technologies: Rises on three-way separation plans ** Athenahealth Inc: down 0.5 pct premarket BUZZ-Athenahealth: Wells Fargo downgrades to ‘market perform’ ** Amarin Corp plc: down 7.1 pct premarket BUZZ-Amarin: Dips on $200 mln stock offering to fund heart drug ** Bristol-Myers Squibb Co: down 3.8 pct premarket BUZZ-Bristol-Myers: Falls as cancer combo therapy fails late-stage trial ** Buckle Inc: down 8.0 pct premarket BUZZ-Buckle Inc: Falls after Q3 profit miss ** Aethlon Medical Inc: up 35.9 pct premarket BUZZ-Aethlon Medical: Soars as cancer treatment device gets FDA’s ‘breakthrough’ label ** Canada Goose Holdings Inc: down 3.7 pct premarket BUZZ-Canada Goose: Down on 10 mln share secondary offering ** Kosmos Energy Ltd: down 3.6 pct premarket BUZZ-Kosmos Energy: Falls on discounted secondary offering (Compiled by Debroop Roy in Bengaluru)
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https://www.reuters.com/article/markets-usa-stocks-pulse-idCAL4N23X33Z?edition-redirect=ca
REFILE-BUZZ-U.S. STOCKS ON THE MOVE-Gold miners, chip stocks, General Mills
REFILE-BUZZ-U.S. STOCKS ON THE MOVE-Gold miners, chip stocks, General Mills By Reuters Staff4 Min Read (Corrects spelling of Barrick in text) * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh U.S. stocks were set to open higher on Wednesday, bouncing back from a 1% drop in the previous session, after Treasury Secretary Steven Mnuchin’s comments fueled optimism that the United States and China would finally strike a trade deal. At 8:55 ET, Dow e-minis were up 0.27% at 26,634. S&P 500 e-minis were up 0.26% at 2,929.5, while Nasdaq 100 e-minis were up 0.38% at 7,657.5. The top three NYSE percentage gainers premarket: ** Aerohive Networks Inc, up 38.9% ** Babcock & Wilcox Enterprises Inc, up 11.1% ** PagerDuty Inc, up 9.4% The top three NYSE percentage losers premarket: ** Rollins Inc, down 5.8% ** Hecla Mining Co, down 5.7% ** General Mills Inc, down 5.4% The top three Nasdaq percentage gainers premarket: ** Approach Resources Inc, up 19.5% ** Flexshopper Inc, up 18.6% ** KBS Fashion Group Ltd, up 15% The top three Nasdaq percentage losers premarket: ** Sequential Brands Group Inc, down 14.8% ** Avalon Globocare Corp, down 13% ** Legacy Reserves Inc, down 10.7% ** Micron Technology Inc: up 8.5% premarket ** Nvidia Corp: up 2.4% premarket ** Intel Corp: up 1.4% premarket ** Xilinx Inc: up 1.7% premarket ** Advanced Micro Devices Inc: up 3.0% premarket ** Western Digital Corp: up 4.8% premarket ** Lam Research Corp: up 1.6% premarket ** Applied Materials Inc: up 1.4% premarket BUZZ-Micron Tech leads chip stocks higher after upbeat results BUZZ-Street View: Micron earnings increase confidence for H2 recovery ** FedEx Corp: up 1.9% premarket BUZZ-Street View: FedEx FY20 forecast “no worse than feared” ** ConocoPhillips: up 1.8% premarket BUZZ-Mizuho raises to ‘buy’ on higher div expectations ** General Mills Inc: down 5.8% premarket BUZZ-Falls after lower snacks demand eats into Q4 sales ** Yamana Gold Inc: down 3.2% premarket ** Harmony Gold Mining Co: down 0.9% premarket ** Sibanye Gold Ltd: down 1.5% premarket ** AngloGold Ashanti Ltd: down 0.9% premarket ** Barrick Gold Corp: down 2.9% premarket BUZZ-US-listed gold miners fall after Fed tempers aggressive rate cut hopes ** Acasti Pharma Inc: up 11.4% premarket BUZZ-Acasti Pharma rises after HC Wainwright starts with “buy” ** Aerohive Networks Inc: up 38.9% premarket BUZZ-Aerohive Networks eyes best day on buyout offer ** Riot Blockchain Inc: up 8.2% premarket ** Marathon Patent Group Inc: up 7.5% premarket ** Overstock.com Inc: up 3.2% premarket ** Xunlei Ltd: up 5.1% premarket BUZZ-Bitcoin rally pushes crypto plays higher ** Altria Group Inc: down 1.6% premarket BUZZ-Altria slips after San Francisco bans e-cigarette sales ** Tesla Inc: down 0.1% premarket BUZZ-Tesla hitting its Q2 delivery target is an “unlikely event” ** Odonate Therapeutics Inc: down 4.0% premarket BUZZ-Falls after pricing upsized stock deal (Compiled by Arjun Panchadar in Bengaluru) Our Standards: The Thomson Reuters Trust Principles.
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BUZZ-U.S. STOCKS ON THE MOVE-J.C. Penney, ResTORbio, Applied Materials, Qualcomm
BUZZ-U.S. STOCKS ON THE MOVE-J.C. Penney, ResTORbio, Applied Materials, Qualcomm By Reuters Staff4 Min Read * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones indexes were set to hit fresh record highs at the open, as upbeat comments related to U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials helped lift the mood. At 9:08 ET, Dow e-minis were up 0.37% at 27,848. S&P 500 e-minis were up 0.32% at 3,107, while Nasdaq 100 e-minis were up 0.51% at 8,307.75. The top three NYSE percentage gainers premarket: ** Farfetch Ltd, up 27.0% ** Korea Electric Power Corp, up 15.6% ** American Homes 4 Rent, up 15.1% The top three NYSE percentage losers premarket: ** Aurora Cannabis, down 13.4% ** Eros International Plc, down 13.6% ** Voxeljet, down 9.6% The top three Nasdaq percentage gainers premarket: ** Senmiao Technology Ltd, up 188.2% ** Akerna Corp, up 55.3% ** Sphere 3D Corp, up 37.6% The top three Nasdaq percentage losers premarket: ** Restorbio Inc, down 78.2% ** Yield10 Bioscience Inc, down 45.5% ** Anchiano Therapeutics, down 35.6% ** RH: up 6.9% premarket BUZZ-Rises after Buffett’s Berkshire discloses stake ** Agile Therapeutics: down 30.7% premarket BUZZ-Plunges as FDA delays review period for contraceptive patch ** JD.com Inc: up 4.8% premarket BUZZ-Rises on Q3 revenue beat China’s JD.com beats quarterly revenue estimates, shares rise ** Aurora Cannabis: down 13.4% premarket BUZZ-Plunges as slower retail rollout hurts Q1 sales ** Farfetch: up 27.0% premarket BUZZ-Set for its best day on Q3 beat ** Applied Materials: up 6.5% premarket BUZZ-Up on upbeat forecast, PT hikes ** Occidental Petroleum: up 3.1% premarket BUZZ-Rises after Court tosses Carl Icahn’s lawsuit ** J.C. Penney: up 11.8% premarket BUZZ-Rises on smaller-than-expected Q3 loss J.C. Penney quarterly loss smaller than expected, shares rise ** Senmiao Technology: up 188.2% premarket BUZZ-China’s Senmiao Technology soars on first qtrly profit since debut ** ResTORbio: down 78.2% premarket BUZZ-Out of breath on move to end respiratory illness trials ** Home Depot: up 0.5% premarket BUZZ-Home Depot outperforms Lowe’s in third quarter - Jefferies ** Qualcomm: up 2.4% premarket BUZZ-Up after brokerages raise PT on higher 5G adoption ** Advanced Micro Devices: up 1.6% premarket BUZZ-Rises as RBC boosts PT on S&P’s top 2019 performer ** Titan Pharmaceuticals: down 13.9% premarket BUZZ-Tumbles after wider quarterly loss ** Amarin: up 14.4% premarket BUZZ-Amarin’s FDA panel verdict bodes well for Matinas BioPharma - Maxim ** Agile Therapeutics: down 30.7% premarket BUZZ-Plunges on ‘kneejerk reaction’ to FDA delay ** Valeritas: up 10.6% premarket BUZZ-Jumps after patients benefit from switching to insulin delivery device ** Gulfport Energy: down 2.6% premarket BUZZ-SunTrust downgrades on debt, valuation concerns (Compiled by Bharath Manjesh in Bengaluru) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-usa-stocks-pulse-idCAL4N28J31U?edition-redirect=ca
BUZZ-U.S. STOCKS ON THE MOVE-PG&E, Canopy Growth, 3M, Synthorx, Macy's, Qorvo
BUZZ-U.S. STOCKS ON THE MOVE-PG&E, Canopy Growth, 3M, Synthorx, Macy's, Qorvo By Reuters Staff3 Min Read * Eikon search string for individual stock moves: * The Day Ahead newsletter: tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: tmsnrt.rs/2fwPLTh U.S. stocks were set to open lower on Monday, as weak data from China brought back fears of a slowdown in the world's second-biggest economy, while investors looked for any positive news on trade talks ahead of a tariff deadline later in the week. At 9:07 ET, Dow e-minis were down 0.10% at 27,985. S&P 500 e-minis were down 0.12% at 3,142.25, while Nasdaq 100 e-minis were down 0.17% at 8,386. The top three NYSE percentage gainers premarket: ** PG&E Corp, up 17.4% ** Quanta Services Inc, up 14.6% ** Roadrunner Transportation Systems Inc, up 10.9% The top three NYSE percentage losers premarket: ** Diplomat Pharmacy Inc, down 31.8% ** PT Telekomunikasi Indonesia Tbk, down 13.5% ** Brigham Minerals Inc, down 4.4% The top three Nasdaq percentage gainers premarket: ** Synthorx Inc, up 169.2% ** XBiotech Inc, up 112.7% ** ArQule Inc, up 102.6% The top three Nasdaq percentage losers premarket: ** Biocept Inc, down 27.8% ** Lincoln Educational Services Corp, down 17.3% ** KalVista Pharmaceuticals Inc, down 17% ** Qorvo Inc: up 2.7% premarket ** Skyworks Solutions Inc: up 2.2% premarket BUZZ-Qorvo, Skyworks gain on report of BAML double-upgrade ** Canopy Growth Corp: up 4.2% premarket BUZZ-Rises on appointment of new CEO ** ArQule: up 102.6% premarket ** Merck & Co: up 0.4% premarket BUZZ-Surges after Merck offers 107% premium to buy co ** 3M: down 1.2% premarket BUZZ-Falls as Citigroup cuts to “neutral” citing litigation risk ** Diplomat Pharmacy: down 31.8% premarket BUZZ-Drops on discounted buyout by UnitedHealth unit ** Synthorx Inc: up 169.2% premarket ** Sanofi: down 0.5% premarket BUZZ-Synthorx set for record high on Sanofi’s $2.5 bln buyout offer ** PG&E Corp: up 17.4% premarket BUZZ-Up on $13.5 bln settlement with wildfire victims ** Macy’s: down 1.8% premarket BUZZ-Slips as Goldman Sachs says sell - thefly.com ** Achieve Life Sciences Inc: up 24.1% premarket BUZZ-Up on FDA nod for late-stage study of anti-smoking drug ** Onconova Therapeutics Inc: down 13.1% premarket BUZZ-Falls on stock-and-warrants offering (Compiled by Shanti S Nair in Bengaluru) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/markets-usa-stocks/sp-500-ends-above-1800-for-first-time-healthcare-leads-idINDEE9AL0GJ20131122
S&P 500 ends above 1,800 for first time; healthcare leads
S&P 500 ends above 1,800 for first time; healthcare leads By Luke Swiderski4 Min Read NEW YORK (Reuters) - U.S. stocks rose on Friday, with the S&P 500 closing above 1,800 for the first time and healthcare names leading the way higher. Traders work on the floor of the New York Stock Exchange, November 22, 2013. REUTERS/Brendan McDermid The Dow industrials ended at another record high above 16,000. Both the Dow and the S&P 500 recorded their seventh straight week of gains in what has been a very strong year for stocks. The seven-week advance comes just ahead of December, which since 1950 has been the best month for both the Dow and the S&P. “We’re advising our clients to take this ride until the end of the year,” said Drew Nordlicht, managing director and partner at Hightower San Diego. The Nasdaq Biotech Index jumped 3 percent, driven by a surge in Biogen Idec BIIB.O. Shares of Biogen shot up 13.2 percent on heavy volume to $285.62 after the company won 10 years of exclusivity protection for its multiple sclerosis drug, Tecfidera, from regulators in Europe. “Healthcare is the place to be. It’s a hot area. People want stocks in healthcare, industrials and consumer discretionary. That’s where tactical investors have been focused, and that’s where the money has been flowing,” said Michael Matousek, head trader at U.S. Global Investors Inc, in San Antonio, Texas. European regulators also recommended approval of a new drug for hepatitis C from Gilead Sciences GILD.O, which pushed its shares up 3.7 percent to $74.27. The S&P 500 healthcare sector index has gained 37.5 percent so far in 2013, making it the S&P 500’s best-performing sector this year. Such moves give investors who have enjoyed some of the 26.5 percent surge in the S&P 500 this year an opportunity to reduce their positions ahead of an eventual market correction. The CBOE Volatility Index fell 3.2 percent to close at 12.86. With volatility low and the price of options cheap, “you can lighten your stock position, but replace it with a derivative. This way, if the market were to tank, you would lose a lot less on the derivative than you would lose on the stock,” Matousek said. The Dow Jones industrial average rose 54.78 points, or 0.34 percent, to end at a record 16,064.77. The Standard & Poor’s 500 Index gained 8.91 points, or 0.50 percent, to finish at 1,804.76. The Nasdaq Composite Index climbed 22.50 points, or 0.57 percent, to close at 3,991.65. Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said on CNBC that reducing the pace of the central bank’s bond-buying program will be on the table at its December policy meeting. He added that monetary policy is likely to be very accommodative for some time. “In the meantime, $85 billion a month keeps swirling into investor hands, and some of that finds its way out into the financial markets, including the stock market,” said Fred Dickson, chief market strategist at D.A. Davidson & Co., in Lake Oswego, Oregon. Intel INTC.O fell 5.4 percent to $23.87 and was the biggest drag on the S&P 500 after analysts questioned whether the chipmaker can get higher-margin chips into tablets and smartphones, which are eroding sales of traditional PCs. Editing by Kenneth Barry and Jan PaschalOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/marketsNews/idAFBNG43170820090304?rpc=44
UPDATE 2-Addax Petroleum Q4 profit falls 98 percent
UPDATE 2-Addax Petroleum Q4 profit falls 98 percent By Reuters Staff3 Min Read * Q4 profit down 98 pct * Sees 2009 capex of about $1.6 bln * Plans to spend 60-70 pct of capex in H1 ‘09 (Recasts; adds conference call details, analyst’s comment) By R. Manikandan BANGALORE, March 4 (Reuters) - Africa- and Middle East- focused oil and gas firm Addax Petroleum Corp AXC.TO on Wednesday posted a 98 percent drop in its fourth-quarter profit, hurt by a sharp fall in crude oil prices. However, oil prices, which rose more than 7 percent on Wednesday, are driving the company’s stock price higher, analyst Martin Molyneaux with First Energy Capital told Reuters. Shares of the company were up 3.27 percent at C$23.03 on the Toronto Stock Exchange. Assuming a Brent crude price of $60/bbl, Addax Petroleum plans to spend about 60 to 70 percent of the total expected capital expenditures of $1.6 billion in the first half, the company said in a conference call. The company forecast total production to average between 140 million barrels per day (Mbbl/d) and 145 Mbbl/d for 2009 from its Nigeria and Gabon operations. If the average Brent crude price reaches $40/bbl, the company said it would cut its capital expenditure to about $1 billion resulting in total production for 2009 averaging between 132 Mbbl/d and 137 Mbbl/d. “If the oil strengthens in the second half, the company may revise the target upwards,” analyst Rafi Khouri with Raymond James said, adding that the official Raymond James oil price forecast for 2009 is $43. Net income for the quarter was $3 million, or 2 cents per basic share, compared with $180 million, or $1.16 per basic share, a year ago. Addax’s average realized sales price for the quarter fell 44 percent to $49.28 a barrel, hit by a 38 percent drop in the average dated Brent benchmark price for crude oil. Oil prices have tumbled more than $110 a barrel from the peaks hit last year as the economic downturn has spread to all regions of the world, cutting energy consumption. Cash flows from operating activities was $1.52 billion for 2008, up from $742 million last year. “Cash flow came in stronger than what I was looking for,” Khouri added. (Editing by Himani Sarkar, Dinesh Nair) Our Standards: The Thomson Reuters Trust Principles.
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UPDATE 2-Kurds warns on oil contracts, but exports seen soon
UPDATE 2-Kurds warns on oil contracts, but exports seen soon By 3 Min Read * Oil deals in disputed territories criticised * Oil from DNO fields to be exported soon, shares jump * Baghdad’s licensing round seen failing (Updates DNO shares) By Tom Bergin LONDON, March 13 (Reuters) - The oil minister of Iraq’s autonomous Kurdish region warned foreign oil companies against signing deals with Baghdad on fields in territory the Kurds claim. Ashti Hawrami also said Kurdistan would start exporting oil in the coming months. Baghdad has invited international oil companies to bid for contracts on fields including some near the city of Kirkuk in northern Iraq, which the Kurds hope to incorporate into their autonomous area but which is administered by Baghdad. Hawrami told Reuters in an interview Baghdad’s failure to consult with the Kurdish Regional Government (KRG) on its licensing round meant any contracts on fields in disputed territories would be unenforceable. “Oil companies must be crazy if they think they can go sign a contract with the ministry of oil and just get on and do the job. They can’t, they need our co-operation,” he said. Western oil majors including Royal Dutch Shell Plc RDSa.L, Exxon Mobil Corp XOM.N and BP Plc BP.L are assessing the fields on offer with a view to making bids in the licensing round. Baghdad and the KRG have been haggling for years over a new oil law that would govern revenue sharing. PIPELINE Despite this, Hawrami expects the Kurdish region to start exporting oil via Iraq’s pipeline network in the coming months. Norway's DNO International DNO.OL is in the final stages of connecting its Tawke field to the network but investors fear disagreements with Baghdad could delay exports indefinitely. "We don't expect any real problem there despite our differences with Baghdad," he said of DNO. "From our point of view oil will flow the day it (the pipeline) is ready." This can happen even without agreement between the two sides on an over-arching oil law. “We should not mix the two things,” he said. Hawrami said revenue from any sales of Kurdish oil would go to the finance ministry which should then pay DNO its share. The KRG is seeking no part of the revenue until an oil law is agreed, he said. DNO's shares rose over 6 percent after Hawrami's comments, adding to earlier gains to close up 10.1 percent at 4.91 crowns, outperforming a 1.6 percent rise in the DJ Stoxx European oil and gas sector index .SXEP. Hawrami also predicted the Baghdad government’s oil licensing round would be a failure. “There is no model contract acceptable to the international oil companies,” he said. “Number two, the Ministry of Oil has no legal authority to sign contracts”. The oil ministry hopes to award contracts in June, although most industry executives and analysts expect the timetable to slip a few months at least. “If you’re telling me that by August they will be signing contracts -- August which year?” Hawrami said. Addax Petroleum AXC.TO is also in the advanced stages of readying its fields for potential export of crude. (Editing by Anthony Barker and David Holmes)
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UPDATE 1-Solar shares rally on new Chinese subsidy
UPDATE 1-Solar shares rally on new Chinese subsidy By Reuters Staff3 Min Read (Adds confirmation by Chinese government in first sentence, other details) NEW YORK, March 26 (Reuters) - Shares of solar companies rallied sharply on Thursday after the Chinese government said it would launch a generous new subsidy for the clean power systems. Chinese-based companies were the biggest gainers, with Trina Solar Ltd TSL.N up 40 percent at $12.14 per share, Suntech Power Holdings STP.N, up 40 percent at $10.96, LDK Solar Co LDK.N, up 36 percent at $8.00, Yingli Green Energy YGE.N up 39 percent at $5.75, Solarfun Power Holdings SOLF.O up 26 percent at $4.48 and Canadian Solar CSIQ.O, up 23 percent at $5.95. Those shares had been hard hit so far this year as financing for new solar projects dried up, but the news that China would move to support the industry spurred hopes that the government could open up a potentially huge market for the industry. “This is a pleasant bit of news out in what has been a quite bleak time for the solar industry. The numbers are quite substantive,” said Edward Guinness, co-manager of the Guinness-Atkinson Alternative Energy Fund which owns shares in several solar companies. According to a statement on a Chinese government website, solar projects larger than 50 kilowatts of output will be eligible for a subsidy of about $2.90 per watt. “We believe meaningful upside potential exists if government support for domestic solar sector continues,” a Barclays analyst wrote in a research note, adding the move could boost Chinese demand by about 200 megawatts starting in the second half of 2009, a nearly four-fold increase from Barclays’ projection for this year. China is home to several solar power companies, but most of the sales are to Germany and Spain, the two largest markets in the world. The United States is the third largest market. The crisis in financial markets has shut off much of the funding for new projects since late last year, while weakness in the euro versus the dollar has eroded profit margins for companies that sell into the European market. One analyst said while the news was clearly positive for the solar sector, many details had yet to emerge. “Although the subsidy may cover about 60 percent-plus of the cost of installation, it is unclear how much the energy generated from the system will be valued,” Piper Jaffray analyst Jesse Pichel said in a note to investors. The news also boosted shares of U.S. companies First Solar Inc FSLR.O by 14 percent to $152.96 per share and SunPower Corp SPWRA.O by 15 percent to $27.66, while Germany's Q-Cells QCEG.DE rose 21 percent to 18 euros and Norway's Renewable Energy Corp (REC) REC.OL gained 18 percent to 58.40 crowns. (Reporting by Matt Daily and Wanfeng Zhou in New York and Nichola Groom in Los Angeles, editing by Matthew Lewis) Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Marlin Gold reports Q4 earnings per share $0.02
BRIEF-Marlin Gold reports Q4 earnings per share $0.02 By Reuters Staff1 Min Read May 1 (Reuters) - Marlin Gold Mining Ltd- * Marlin Gold reports $11.6 million ($0.07 per share) of adjusted ebitda for fourth quarter and files full-year 2016 audited financial results * Qtrly earnings per share $0.02 * Marlin Gold Mining Ltd - expects to produce between 50,000 and 55,000 ounces of gold at la trinidad in 2017 * Marlin Gold Mining Ltd qtrly revenue $18.9 million versus $2.5 million * Marlin Gold Mining Ltd qtrly gold ounces produced 19,164 troy ounces versus 1,589 troy ounces Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Tembec reports Q2 earnings per share C$0.24
BRIEF-Tembec reports Q2 earnings per share C$0.24 By Reuters Staff2 Min Read May 2 (Reuters) - Tembec Inc * Tembec reports financial results for its second fiscal quarter ended March 25, 2017 * Q2 earnings per share C$0.24 * Q2 earnings per share view c$0.15 -- Thomson Reuters I/B/E/S * Q2 sales C$387 million versus C$380 million * Tembec Inc - June 2017 financial results will be impacted by planned major maintenance outage at Temiscaming mill in month of May * Tembec-Recently announced countervailing duties preliminary determination by U.S. Department of commerce will impact co’s financial results & liquidity in future periods * Tembec - Co, other Canadian lumber producers “strongly disagree” with USDOC decision to impose preliminary duty rate on co’s lumber shipments into U.S. * Says a preliminary determination on antidumping duties (add) is expected in june quarter * Tembec says it anticipates that a portion of CVD and add will be passed on to customers in form of higher lumber prices * Tembec says “the implementation of CVD and add deposits will likely lead to more volatility as canadian producers adapt to changing circumstances” * Tembec Inc - newsprint market continues to experience “declining demand” and will require further capacity reduction to maintain a balanced market * Tembec-While CVD and add deposits will impact future cash flow, co is in a good position to continue to reduce its debt & proceed with cost reducing capital exp Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Penn West Q1 earnings per share C$0.05
BRIEF-Penn West Q1 earnings per share C$0.05 By Reuters Staff1 Min Read May 4 (Reuters) - Penn West Petroleum Ltd: * Penn West Petroleum Ltd - reiterating 2017 production guidance * Penn West announces strong first quarter 2017 financial and operational results * Q1 earnings per share C$0.05 * Penn West Petroleum Ltd - remains on track to generate double-digit organic production growth from q4 of 2016 to q4 of 2017 * Penn West Petroleum Ltd - sees 2017 total capital expenditures of $180 million * Penn West Petroleum Ltd - q1 total production 34,900 boe/d versus 77,010 boe/d * Penn West Petroleum Ltd - qtrly funds flow from operations per share $0.11 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Caledonia Mining revises 2017 production guidance
BRIEF-Caledonia Mining revises 2017 production guidance By Reuters Staff2 Min Read May 9 (Reuters) - Caledonia Mining Corporation Plc: * Caledonia Mining Corporation Plc: revised production and earnings guidance for 2017 * Caledonia Mining Corporation Plc - reduces production guidance for 2017 to a range of between 52,000 ounces and 57,000 ounces of gold * Caledonia Mining Corporation Plc - revised production guidance reflects an increase of between 4 per cent and 14 per cent on 50,351 ounces of gold produced in 2016 * Caledonia Mining Corporation Plc - earnings guidance for 2017 is also reduced from approximately 34 cents to between 24 and 31 cents per share * Caledonia Mining Corporation Plc - earnings guidance for 2017 is also reduced from approximately 34 cents to between 24 and 31 cents per share * Caledonia Mining - continues to evaluate measures to “improve underground tramming logistics” in an effort to minimize impact on 2017 production * Caledonia Mining - not expected that revised production guidance will have any effect on dividend, which is currently 1.375 us cents per quarter * Caledonia Mining Corp - revised production guidance has no effect on blanket’s longer term production guidance of approximately 80,000 ounces by 2021 * Caledonia Mining-fy revised production guidance has no effect on blanket’s longer term production guidance of approximately 80,000 ounces by 2021 * Caledonia Mining - blanket has not been able to transport volume of material that is necessary to achieve target of 60,000 ounces of gold in 2017 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Crius Energy Trust Q1 revenue of $177.4 mln
BRIEF-Crius Energy Trust Q1 revenue of $177.4 mln By Reuters Staff1 Min Read May 11 (Reuters) - Crius Energy Trust: * Crius Energy trust reports first quarter 2017 results * Revenue of $177.4 million in q1 of 2017, representing a 1.9% decrease Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Hyduke announces qtrly loss per share $0.03
BRIEF-Hyduke announces qtrly loss per share $0.03 By Reuters Staff1 Min Read May 11 (Reuters) - Hyduke Energy Services Inc * Hyduke announces first quarter 2017 financial results * Qtrly loss per share $0.03 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Genesis Land Development qtrly earnings per share $0.02
BRIEF-Genesis Land Development qtrly earnings per share $0.02 By Reuters Staff1 Min Read May 11 (Reuters) - Genesis Land Development Corp * Genesis reports 2017 first quarter results * Qtrly earnings per share $0.02 * Qtrly revenues for Q1 2017 were $15.7 million, down from $32.4 million in Q1 2016 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Enercare reports Q1 loss per share of $0.03
BRIEF-Enercare reports Q1 loss per share of $0.03 By Reuters Staff1 Min Read May 12 (Reuters) - Enercare Inc * Enercare reports record first quarter revenue of $278 million * Qtrly basic share loss $0.03 * Q1 revenue of $278 million, an increase of 95 pct compared to same period in 2016 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Atico Q1 sales $17.2 million
BRIEF-Atico Q1 sales $17.2 million By Reuters Staff1 Min Read May 23 (Reuters) - Atico Mining Corp * Atico reports consolidated financial results for the first quarter of 2017 * Q1 sales rose 42 percent to $17.2 million * Atico mining corp - for remaining quarters of 2017, company anticipates a decrease in cost per tonne of processed ore * Atico mining - net income for three months ended march 31, 2017 amounted to $1.29 million, compared with income of $1.97 million for same period last year Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Biosyent reports Q1 earnings per share C$0.06
BRIEF-Biosyent reports Q1 earnings per share C$0.06 By Reuters Staff1 Min Read May 25 (Reuters) - Biosyent Inc * Biosyent releases Q1 2017 results * Q1 earnings per share C$0.06 * Q1 revenue rose 1 percent to c$3.821 million Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Razor Energy announces closing strategic light oil asset acquisition
BRIEF-Razor Energy announces closing strategic light oil asset acquisition By Reuters Staff1 Min Read May 25 (Reuters) - Razor Energy Corp: * Razor Energy Corp announces closing of previously announced strategic light oil asset acquisition and updated 2017 corporate budget and guidance Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Biosyent Q1 earnings per share C$0.06
BRIEF-Biosyent Q1 earnings per share C$0.06 By Reuters Staff1 Min Read May 25 (Reuters) - Biosyent Inc: * Biosyent releases Q1 2017 results * Q1 earnings per share C$0.06 * Q1 revenue rose 1 percent to C$3.821 million Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-IBC Advanced Alloys reports Q3 loss per share $0.02
BRIEF-IBC Advanced Alloys reports Q3 loss per share $0.02 By Reuters Staff1 Min Read May 30 (Reuters) - IBC Advanced Alloys Corp: * IBC Advanced Alloys reports fiscal Q3 2017 results * Q3 loss per share $0.02 * IBC Advanced Alloys- revenue for quarter was $4.69 million, a 31pct increase sequentially over revenue of $3.57 million for quarter ended on December 31, 2016 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Acasti Pharma reports Q4 and FY 2017 financial results
BRIEF-Acasti Pharma reports Q4 and FY 2017 financial results By Reuters Staff1 Min Read June 6 (Reuters) - Acasti Pharma Inc: * Acasti Pharma reports fourth quarter and full-year 2017 financial results * Acasti Pharma Inc - net loss for three-month period ended february 28, 2017 was $0.23 loss per share Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Aritzia reports Q1 adjusted earnings of C$0.11/shr
BRIEF-Aritzia reports Q1 adjusted earnings of C$0.11/shr By Reuters Staff1 Min Read July 12 (Reuters) - Aritzia Inc * Aritzia reports strong first quarter 2018 financial results * Qtrly net revenue increased by 14.7% to $145.0 million from $126.4 million in Q1 last year * Q1 same store sales rose 9.3 percent * Q1 adjusted earnings per share C$0.11 * Aritzia Inc - Q2 of fiscal 2018 “is off to a strong start, with positive comparable sales results” * Aritzia Inc says during Q2, Aritzia plans to open two new stores * Aritzia Inc - continues to see strong momentum online and is expecting substantial growth in its ecommerce business in fiscal 2018 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Mullen Group reports Q2 earnings per share C$0.19
BRIEF-Mullen Group reports Q2 earnings per share C$0.19 By Reuters Staff1 Min Read July 24 (Reuters) - Mullen Group Ltd * Mullen Group Ltd. reports second quarter financial results including record trucking/logistics segment revenue * Q2 earnings per share C$0.19 * Q2 revenue C$273.6 million versus I/B/E/S view C$257.7 million * Q2 earnings per share view C$0.09 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-New Gold reports Q2 earnings per share $0.04
BRIEF-New Gold reports Q2 earnings per share $0.04 By Reuters Staff1 Min Read July 26 (Reuters) - New Gold Inc * New Gold announces 2017 second quarter results; Rainy River project schedule and cost remain in line with January 2017 plan * Q2 adjusted earnings per share $0.02 * Q2 earnings per share $0.04 * Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S * Qtrly gold production of 105,064 ounces increased by 6% relative to 2016 coupled with copper production of 26.4 million pounds * New Gold reiterates its guidance for full-year gold production of 380,000 to 430,000 ounces * Company expects approximately 40% of second half 2017 gold production to occur in Q3, with remaining 60% in Q4 * Reiterate its previously lowered guidance for all-in sustaining costs of $760 to $800 per ounce Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Canwel Building Materials Q2 EBITDA C$20.5 million
BRIEF-Canwel Building Materials Q2 EBITDA C$20.5 million By Reuters Staff1 Min Read July 27 (Reuters) - Canwel Building Materials Group Ltd * Canwel Building Materials announces second quarter 2017 financial results * Q2 revenue c$320 million versus I/B/E/S view C$301.2 million * Q2 EBITDA C$20.5 million * Canwel Building Materials Group Ltd qtrly net earnings increased by 13.4% to $11.0 million, before non-recurring items * Q2 revenue view C$301.2 million -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Empire Life announces Q2 ‍earnings per share $33.91​
BRIEF-Empire Life announces Q2 ‍earnings per share $33.91​ By Reuters Staff1 Min Read July 27 (Reuters) - Empire Life Insurance Co * Empire Life announces second quarter 2017 results * Qtrly earnings per share $33.91 * Empire Life Insurance Co - Qtrly assets under management Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Norbord reports second quarter 2017 results increases quarterly dividend
BRIEF-Norbord reports second quarter 2017 results increases quarterly dividend By Reuters Staff1 Min Read July 28 (Reuters) - Norbord Inc * Norbord Inc - declared quarterly dividend of C$0.50 per share for shareholders of record on September 1, 2017 - an increase of C$0.20 * Norbord Inc qtrly adjusted earnings of $1.10 per diluted share * Norbord Inc qtrly earnings per share $1.13 * Q2 earnings per share view $1.00 -- Thomson Reuters I/B/E/S * Norbord Inc - Scotland OSB mill remains on budget and on track to start up in second half of 2017 * “Q2 adjusted EBITDA result is our best since 2004” * Norbord Inc - qtrly sales $536 million versus $447 million Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Fortis reports strong second quarter earnings of $257 million
BRIEF-Fortis reports strong second quarter earnings of $257 million By Reuters Staff1 Min Read July 28 (Reuters) - Fortis Inc * Q2 earnings per share C$0.62 * Q2 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S * Fortis Inc - five-year consolidated capital expenditures through 2021 are expected to be approximately $13 billion * Fortis Inc - consolidated capital expenditure plan of $3.1 billion for 2017 is on track * Fortis Inc qtrly revenue $2,015 million versus $1,485 million * Fortis Inc - total cost of Tilbury liquefied natural gas (“LNG”) facility in British Columbia is estimated at approximately $400 million * Fortis inc - Tilbury liquefied natural gas (“LNG”) facility is expected to be in service in Q3 of 2017 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-OrganiGram qtrly net sales $1.9 mln vs. $1.8 million
BRIEF-OrganiGram qtrly net sales $1.9 mln vs. $1.8 million By Reuters Staff1 Min Read July 28 (Reuters) - Organigram Holdings Inc: * Organigram reports q3 financial results - increased product quality - 25% patient growth * Qtrly net sales $1.9 million versus $1.8 million * Qtrly net loss $2.3 million versus profit of $367,720 in Q3 2016 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Turquoise Hill Resources posts Q2 earnings $0.01/shr
BRIEF-Turquoise Hill Resources posts Q2 earnings $0.01/shr By Reuters Staff1 Min Read July 31 (Reuters) - Turquoise Hill Resources Ltd * Q2 revenue $203.7 million versus I/B/E/S view $220.1 million * Q2 earnings per share $0.01 * Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S * Turquoise Hill Resources Ltd - Q2’17 revenue of $203.7 million decreased 14.2 pct over Q1’17 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Baytex reports Q2 FFO per share c$0.35
BRIEF-Baytex reports Q2 FFO per share c$0.35 By Reuters Staff1 Min Read Aug 1 (Reuters) - Baytex Energy Corp * Baytex reports solid Q2 2017 results with 5 pct production growth and strong Eagle Ford performance * Q2 FFO per share c$0.35 * Says production of 72,812 BOE/D (79 pct oil and NGL) during Q2/2017, an increase of 5 pct from Q1/2017 and 12 pct from Q4/2016 * Says tightened 2017 production guidance range to 69,000 to 70,000 BOE/D * Sees 2017 exploration and development capital expenditures to $310 to $330 million Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Pembina Pipeline Corporation Q2 earnings per share $0.26
BRIEF-Pembina Pipeline Corporation Q2 earnings per share $0.26 By Reuters Staff1 Min Read Aug 1 (Reuters) - Pembina Pipeline Corp * Pembina Pipeline Corporation reports solid second quarter 2017 results * Pembina Pipeline Corp - qtrly revenue $1,166 million versus $1,027 million * Pembina Pipeline Corp - qtrly total volume 1,963 MBOE/D versus 1,793 MBOE/D * Qtrly earnings per share $0.26 * Q2 earnings per share view c$0.35 -- Thomson Reuters I/B/E/S * Q2 revenue view c$1.29 billion -- Thomson Reuters I/B/E/S * Pembina Pipeline - upon closing of veresen transaction, pembina intends to increase its monthly dividend by 5.9 percent to $0.18 per common share * Pembina Pipeline-on way to fulfilling goal of reaching projected 2018 adjusted EBITDA between $2.55 billion and $2.75 billion, assuming completion of veresen deal Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Hydrogenics Q2 revenue fell 19 percent to $7.5 million
BRIEF-Hydrogenics Q2 revenue fell 19 percent to $7.5 million By Reuters Staff1 Min Read Aug 2 (Reuters) - Hydrogenics Corp: * Hydrogenics reports second quarter 2017 results * Q2 revenue fell 19 percent to $7.5 million * Q2 revenue view $9.9 million -- Thomson Reuters I/B/E/S * Hydrogenics -ended Q2 with backlog level at $152.1 million, securing orders of $45.3 million for power-to-gas systems, fueling stations, industrial gas applications and mobility systems * Q2 loss per share $0.45 * Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Sprott Resource Holdings Q2 loss per share $0.04
BRIEF-Sprott Resource Holdings Q2 loss per share $0.04 By Reuters Staff1 Min Read Aug 2 (Reuters) - Sprott Resource Holdings Inc * Sprott Resource Holdings Inc. Announces 2017 second quarter results * Qtrly loss per share $0.04 * Sprott Resource Holdings Inc - at quarter-end currently holds $77 million of net cash Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Veresen Q2 earnings per share $0.48​
BRIEF-Veresen Q2 earnings per share $0.48​ By Reuters Staff1 Min Read Aug 2 (Reuters) - Veresen Inc * Veresen announces second quarter financial results and increased 2017 guidance * Q2 adjusted earnings per share c$0.08 * Q2 earnings per share view c$0.16 -- Thomson Reuters I/B/E/S * Veresen inc - increased full year 2017 distributable cash guidance mid-point by 12% to $1.26 per common share * Veresen inc - qtrly shr $0.48 Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Morguard Real Estate Investment Trust reports Q2 results
BRIEF-Morguard Real Estate Investment Trust reports Q2 results By Reuters Staff1 Min Read Aug 2 (Reuters) - Morguard Real Estate Investment Trust : * Morguard Real Estate Investment Trust announces 2017 second quarter results * Morguard Real Estate Investment Trust - trust’s fully diluted ffo for three months ended june 30, 2017 $0.38 per unit Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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BRIEF-Crew Energy announces Q2 2017 financial and operating results
BRIEF-Crew Energy announces Q2 2017 financial and operating results By Reuters Staff1 Min Read Aug 2 (Reuters) - Crew Energy Inc * Announces second quarter 2017 financial and operating results * Crew energy inc qtrly funds from operations $0.14 per fully diluted share * Crew energy inc - guidance for 2017 remains unchanged with average production of 24,000 to 26,000 boe per day * Crew energy inc - expect q3 production of 24,500 to 26,500 boe per day * Crew energy inc sees q4 production of 29,500 to 31,500 boe per day * Crew energy inc qtrly daily total production 20,468 boe/d versus 21,950 boe/d Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/marketsNews/idCAASB0BCVP?edition-redirect=ca
BRIEF-Torc Oil & Gas qtrly ‍adj funds flow from operations $0.28/shr​
BRIEF-Torc Oil & Gas qtrly ‍adj funds flow from operations $0.28/shr​ By Reuters Staff1 Min Read Aug 2 (Reuters) - Torc Oil & Gas Ltd: * Torc Oil & Gas Ltd. announces second quarter 2017 financial & operational results; increases 2017 production guidance * Torc - qtrly adjusted funds flow from operations per share diluted $0.28 * Torc - qtrly net income per diluted share $0.01 * Torc Oil & Gas - Torc achieved production of 20,775 boepd during q2, up from 19,806 boepd in q1 * Torc - torc is increasing 2017 average production guidance to 20,600 boepd,88 pct light oil & liquids,from 20,400 boepd,87 pct light oil & liquids Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles.