FinSentS Weekly Recap

Weekly Review of Headlines
● Asian Stocks Higher, Tracking US Gains On Fed Assurance – CT

Global stocks rose and the dollar fell on Wednesday after the U.S. Federal Reserve signaled it will move slowly to raise interest rates…Read More

● Fed’s Dudley Agrees With Yellen’s Cautious Approach On Rate Rises – RTRS

If the U.S. economy continues to grow at a moderate pace, pushing down unemployment and pushing up on inflation, the Fed will gradually normalize its interest-rate policy, Dudley said, echoing Yellen’s comments earlier this week…Read More

● S&P Cuts China Rating Outlook To Negative From Stable – BBG

Standard & Poor’s has cut the outlook for China’s credit rating to negative from stable, saying the nation’s economic rebalancing is likely to proceed more slowly than the ratings firm had expected.

● EUR/USD Retreats From Highs, Back Near 1.1310 – FXStreet

The common currency manages to keep the trade above the 1.1300 handle vs. the dollar today, with EUR/USD now hovering over the 1.1310/15 band.

● Gold Climbs, Set To Book Best Quarter In Nearly 26 Years – WBP

Analysts estimate gold could book the best quarter in nearly the last 26 years, as investors prefer safe-haven assets amid worries over global economic growth and a slowdown in China.

● PBoC Researcher Says Growth May Drop To 5% Per Year In 2021/25 – RTRS

China’s economic growth is likely to slow to around 5 percent annually between 2021-2025 from an expected annual rate of 6.5 percent in the next five years, a senior Chinese central bank official was reported by official media as saying on Thursday.

● Soothing Sounds From The Fed Restart Emerging Market Rally – Yahoo

Emerging market stocks climbed to a four-month high and currencies from Malaysia to Mexico jumped on Wednesday, as soothing noises from the head of the U.S. Federal Reserve helped extend a two-month rally in EM assets.

● Japanese Shares Fall On Yen Worries – WSJ

Stocks in Japan suffered their biggest drop in more than a month Friday amid worries about deteriorating sentiment among Japanese companies.

● Oil Prices Fall On Stronger Dollar, Further Oversupply Worries – RTRS

TOil futures edged down on Friday to below $40 per barrel, with the market growing increasingly sceptical that a looming deal to freeze crude production can help clear a global glut.

● Huawei Net Profit Surges 32% In 2015 – MarketWatch

As revenue increased 37% last year, Huawei doubled down on its investment in research and development. Its R&D spending rose 46% to 59.6 billion yuan ($9.2 billion) last year, the company said Friday.

 

Stock Information
● $ADBE

US Adobe Systems Incorporated (ADBE) Upgraded by Vetr Inc. to Buy #ADOBE SYSTEMS INC #SP500 More Details

● $FB

US Christopher K. Cox Sells 15,600 Shares of Facebook Inc (FB) Stock #FACEBOOK INC #NASDAQ More Details

● $FE

US FirstEnergy Corp. (FE) Trading Up 0.8% #FIRSTENERGY CORP #SP500 More Details

● $IAG

AU Australian shares up as banks bounce, NZ keeps rising #INSURANCE AUSTRALIA GROUP #ASX2000 More Details

● $005930

KS Pel Sues Samsung Over Newspaper Advertisement #SAMSUNG ELECTRONICS CO LTD #APEX50 More Details

● $GOOD

US Short Interest in Gladstone Commercial Co. (GOOD) Increases By 25.5% #GLADSTONE COMMERCIAL CORP #NASDAQ More Details

● $BAYN

GR Bayer appoints Joyce Lee to Lead North American Animal Health Business #BAYER AG #STOXX600 More Details

● $BARC

LN Barclays’s Japan Chief Nakai to Resign Later in Year, Memos Say #BARCLAYS PLC #LDN100 More Details

● $TEF

SM Lingo Media Subsidiary Enters Landmark Distribution Partnership with Telefonica #TELEFONICA SA #STOXX600 More Details

● $AA

US Samsung Unit Claims Alcoa Interference Stymied Saudi Project #ALCOA INC #SP500 More Details

 

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