FinSentS Weekly Recap

Weekly Review of Headlines
● IMF’s Lagarde: Economic Growth Will Disappoint Again In 2016 – Telegraph

In a sombre assessment, Ms Lagarde highlighted the “spillover” effects from the first interest rate hike in the US in nine years, warning that it could lead to tighter credit conditions and higher debt servicing costs for emerging markets…Read More

● German Trade Group Fears ‘Erosion’ Of Europe, Slams France And ECB – RTRS

The BGA said it expected German gross domestic product (GDP) to rise by 1.25 percent this year, well below the government’s forecast for an expansion of 1.8 percent…Read More

● Fed’s Mester says not worried by Chinese stock plunge –Rtrs

Weak Chinese manufacturing data “started sort of a downturn of the Chinese stock market and then that spilled over to the U.S. stock markets. I am not that concerned about that in terms of the U.S. economy,” Mester said in an interview with Bloomberg television.

● Fiat Shares Fall By A Third After Ferrari Spinoff – MarketWatch

Fiat Chrysler distributed its 80% stake in Ferrari to shareholders on Sunday, ending 30 years of exclusive control over the maker of the iconic cars that on average sell for about EUR250,000 ($273,000).

● Copper Bounces, But 2009 Lows Still Within Sight – CNBC

Analysts see little hope of clarity on demand prospects for industrial metals in China until after the Lunar New Year holiday in February.

● European Stocks Climb, But Set For Worst Week Since August – MarketWatch

The Stoxx Europe 600 index SXXP, -1.49% dropped 1.5% to close at 341.35, suffering a 6.7% slide on the week. That’s the biggest weekly fall since early August 2011, when investors fretted over Europe’s sovereign debt crisis and a downgrade to the US’s credit rating.

● BoJ’s Kuroda: Willing To Take Bolder Steps To Meet Price Target – RTRS

The BOJ now expects to meet its 2 percent inflation target some time around the second half of fiscal 2016, but even this time frame may not survive the BOJ’s review of its long-term forecasts at a meeting on Jan. 28-29.

● Lenovo Unveils First Smartphone Powered By Google’s Tango – BBG

Lenovo hopes Tango will help it stand out in a crowded field. With smartphones sporting similar hardware and the market maturing, vendors are looking for ways to differentiate through software. The new handsets go on sale over the summer for under $500, Lenovo and Google said Thursday at the International Consumer Electronics Show in Las Vegas.

● Mitsubishi Motors To Close Illinois Plant – Nikkei

Mitsubishi Motors is also withdrawing from European production, making it the first Japanese automaker to end production in both the U.S. and Europe. It aims to increase efficiency by consolidating production in Japan and Southeast Asia.

● Pound Drops To Weakest Since 2010 Amid UK Economic Risks – BBG

The pound fell to the weakest level since June 2010 as Chancellor of the Exchequer George Osborne prepares to say a “dangerous cocktail” of global threats faces the British economy this year.

 

Stock Information
● $LG

FP Lafarge plans to exit India operations #LAFARGE SA #STOXX600 More Details

● $RIO

LN RIO TINTO’S AVERAGE REALIZED IRON ORE PRICE #RIO TINTO GROUP (GBP) #LDN100 More Details

● $BRBY

LN Burberry Group plc (BRBY) Price Target Cut to GBX 1,448 #BURBERRY GROUP PLC #LDN100 More Details

● $HSBA

LN HSBC snaps link with biggest UK government-funded Muslim charity #HSBC HLDGS PLC #LDN100 More Details

● $BAYN

GR Bayer Completes EUR 1 Bln Sale Of Diabetes Care Business To Panasonic Healthcare #BAYER AG #STOXX600 More Details

● $F

IM With 4th-gen Uconnect, Fiat Chrysler embraces CarPlay and Android Auto #FIAT SPA #STOXX600 More Details

● $CSGN

VX NexPoint Credit Strategies Fund Announces the Regular Monthly Dividend #CREDIT SUISSE GROUP #STOXX600 More Details

● $005380

KS Hyundai and Kia see sales lagging auto industry growth #HYUNDAI MOTOR CO LTD #APEX50 More Details

● $UOB

SP ‘Manageable’ risks ahead for Singapore economy: UOB #UNITED OVERSEAS BANK LTD #APEX50 More Details

 

InfoTrie News
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Did you think about our company’s name?

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