FinSentS Weekly Recap

Weekly Review of Headlines
● INDICES: U.S. Stocks Join Global Rally as Investors Embrace ECB Measures

U.S. stocks joined a global rally, sending the Standard & Poor’s 500 Index to its highest close this year, as investors reassessed stimulus measures in Europe and warmed to the steps taken to boost growth…Read More

● China To Ease Commercial Banks’ Bad Debt Burden Via Equity Swaps – RTRS

NPLs surged to a decade-high last year as China’s economy grew at its slowest pace in a quarter of a century. Official data showed banks held more than 4 trillion yuan ($614 billion) in NPLs and “special mention” loans, or debts that could sour, at the year-end…Read More

● EU Notes Economic Imbalances in France, Italy and Elsewhere – WSJ

European Union authorities said Tuesday that the economies of France, Italy, Portugal and others have excessive imbalances and require tighter monitoring, urging them to move quickly with economic changes.

● IMF Says World Is At Risk Of ‘Economic Derailment’ – BBC

The International Monetary Fund (IMF) has warned that the global economy faces a growing “risk of economic derailment” and must take steps to boost global demand.

● BoJ To Cut Next Fiscal Year’s Growth, Price Estimates – RTRS

Downgrading its forecasts could heighten pressure for additional easing measures, though there is waning confidence that monetary policy is providing an effective boost to the economy.

● Moody’s: Bond Markets Facing Risk Of Brief Bouts Of Tighter Liquidity Rather Than Sustained Shocks

Global bond markets are more likely to experience brief spikes of illiquidity than a sustained, systemic shock that would paralyse markets for an extended period, Moody’s Investors Service said in a report published today.

● Yuan Hits 2016 High On Firm Midpoint, Global Dollar Weakness – RTRS

The dollar index against a basket of currencies dropped 1.1 percent overnight after comments by ECB President Mario Draghi suggesting an end to easing steps, although it rebounded 0.2 percent around in Asia by midday Friday.

● Crude Prices Inch Higher As US Stockpile Data Looms – MarketWatch

“It is possible that the continued oil supply builds and this week’s stalling production declines in the U.S. are spurring speculation that global producers may be more inclined to freeze or even cut production at the proposed meeting on March 20th,” said Tyler Richey, co-editor of The 7:00’s Report.

● Swiss Unemployment Rate Feb: 3.70% (est 3.80% prev 3.80%) – MarketWatch

The Swiss jobless rate fell to 3.7% in February from 3.8% in January, according to figures published by the Swiss economics department on Tuesday.

● Base Metals Upbeat, Look For Fresh Direction – Fast Markets

“The base metals seem to be stuck between poor data on the one hand, highlighted by poor Chinese trade data, and on the other hand metal markets still seem to be in a counter-trend mode while adjusting to the weakness seen year and in January when prices became oversold and there was initially little positive reaction to producer responses,” William Adams of FastMarkets said.

 

Stock Information
● $ASNA

US UPDATE – dressbarn Opens Newest Fashion Destination in Middletown #ASCENA RETAIL GROUP INC #NASDAQ More Details

● $GAS

US Kellner Capital LLC Has $3,273,000 Stake in AGL Resources Inc. (GAS) #AGL Resources Inc #SP500 More Details

● $WEC

US Wisconsin Energy Corp (WEC) CEO Charles R. Matthews Sells 7,009 Shares #WISCONSIN ENERGY CORP #SP500 More Details

● $DBS

SP Fitch Rates DBS Bank’s Callable Range Accrual Notes ‘AA-(emr)’ #DBS GROUP HOLDINGS LTD #APEX50 More Details

● $LNC

AU Linc Energy committed to stand trial over alleged gas breach #LINC ENERGY LTD #ASX2000 More Details

● $ISRG

US Intuitive Surgical, Dentsply Score New Highs In Bullish Session #INTUITIVE SURGICAL INC #NASDAQ More Details

● $005930

KS Samsung Hit With Lawsuit Over Exploding Washers #SAMSUNG ELECTRONICS CO LTD #APEX50 More Details

● $ACA

FP Apple Inc. (AAPL) Price Target Cut to $128.00 by Analysts at Credit Agricole #CREDIT AGRICOLE #STOXX600 More Details

● $VOD

LN Vodafone Group plc (VOD) Price Target Raised to GBX 260 at Barclays #VODAFONE GROUP PLC #LDN100 More Details

● $URBN

US Urban Outfitters, Inc. (URBN) Earns Buy Rating from Brean Capital #URBAN OUTFITTERS INC #SP500 More Details

 

InfoTrie News
● We Never Stop Improving

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