FinSentS Weekly Recap

Weekly Review of Headlines
● US Treasurys Rise As Stocks Slip – CNBC

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, were higher at 1.8809 percent, while the yield on the 30-year Treasury bond was also higher at 2.6997 percent. U.S. 10-year yields also hit their highest level since March 29…Read More

● Japan Keeps Econ Assessment Unchanged, Frets About Quake Impact – RTRS

Japan’s government kept its assessment of the economy unchanged this month but said it was still analyzing the impact of earthquakes over the weekend that damaged homes and halted production in the southern manufacturing hub of Kumamoto…Read More

● IMF Members Urge ‘Growth-Friendly’ Spending, New Lending Tools – RTRS

IMF Managing Director Christine Lagarde said that calmer markets since February had reduced the stress level at the IMF and World Bank spring meetings here, but the outlook was still fraught with downside risks from weak demand, a potential UK exit from the European Union and low oil and commodity prices.

● UK FinMin Osborne: ‘Brexit Would Hit Tax Income By £36bn-A-Year’ –Sky

The Chancellor says Treasury analysis has found that UK tax receipts would be £36bn-a-year lower after 15 years if Britain votes to leave the EU.

● Japan may consider incremental sales tax hike –Nikkei

The government must first put every effort into disaster relief in the earthquake-hit Kyushu region and then decide whether to lift the current 8% rate to 10% in April 2017 as planned, said Tomomi Inada, who chairs the LDP’s Policy Research Council.

● Russian Stocks At Record High Amid Broader Emerging Equity Gains – RTRS

Russian shares raced to record highs on Thursday, led by commodity prices and investors’ new-found enthusiasm for emerging markets, while the broader emerging equity index rose to the highest in 5-1/2 months.

● German EconMin Gabriel: ECB Has Reached Its Limits Now –Rtrs

“A central bank alone cannot solve the growth crisis, it cannot compensate for the lack of an offensive investment policy,” Gabriel told a news conference to present updated German growth forecasts.

● China Says QoQ Growth In Q1 1.1%, Lowest On Record – MNI

China’s economy grew 1.1% q/q in the first quarter from the fourth quarter on a seasonally adjusted basis, the National Bureau of Statistics reported on Saturday, the weakest increase since the data series started in 2011.

● IMF’s Lagarde Casts Doubt On Greek Deficit Data – IFX

Greece’s international creditors, representing eurozone governments and the International Monetary Fund, have been at odds for months about Greece’s budget and the scope of the overhauls it needs, with the IMF pushing for further austerity measures it says are necessary for Athens to meet its budget targets.

● GBP/USD 1.4300-1.4400 Range Holds – FXStreet

With brexit continuing to grab headlines and with no major economic releases scheduled during the course of the day, traders are unlikely to take any positional bets on the pair. This might eventually lead to range-bound movement between 1.4400-1.4300, 100-pip band.

 

Stock Information
● $VOW

GR Volkswagen positive of China sales, plans more investments with JV partners #VOLKSWAGEN AG #DAX30 More Details

● $BMY

US Tredje AP fonden Acquires 145,545 Shares of Bristol-Myers Squibb Co (BMY) #BRISTOL-MYERS SQUIBB CO #SP500 More Details

● $CWW

GR Commonwealth Bank of Australia Reduces Stake in Kroger Co (KR) #COMMONWEALTH BANK AUSTRALIA #ASX2000More Details

● $GOOG

US Google seeks to play down EU Android probe #GOOGLE INC #SP500 More Details

● $EBAY

US What eBay’s Valuation Means for PayPal (EBAY, PYPL) #EBAY INC #NASDAQMore Details

● $LSE

LN London Stock Exch (LDNXF) Earns Buy Rating from Citigroup Inc. #LONDON STOCK EXCH GROUP PLC #STOXX600 More Details

● $TSLA

US Apple bites into Tesla’s territory #TESLA MOTORS INC #NASDAQ More Details

● $DBS

SP POSB, DBS sweep banking categories at AsiaOne People’s Choice Awards 2016 #DBS GROUP HOLDINGS LTD #APEX50 More Details

● $GLEN

LN Glencore PLC (GLEN) PT Set at GBX 170 by Citigroup Inc. #GLENCORE INTERNATIONAL PLC #LDN100 More Details

● $STAN

LN DBS: No Standard Deal in the Cards – #STANDARD CHARTERED PLC #STOXX600 More Details

 

InfoTrie News
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