FinSentS Weekly Recap

Weekly Review of Headlines
● Wall St Futures Drop As Traders Sell-Off Stocks Globally – WBP

Futures for the Standard & Poor’s 500 index declined 0.63% to trade at 2,100.95 ahead of the market open…Read More

● ECB’s Weidmann: Low Rates Could Raise Risk Of Abrupt Surge In Risk Premia – RTRS

An extended period of low European Central Bank interest rates could increase the risk of a sudden surge in risk premiums, and policymakers should consider the implications of financial imbalances, Bundesbank President Jens Weidmann said on Friday…Read More

● German Bund Yields Hit Fresh All-Time Low – MarketWatch

Borrowing costs on German government debt continued to fall on Friday, with the interest rate on 10-year bunds TMBMKDE-10Y, +0.00% hitting a new record low.

● Oxford Uni’s Magnus: Brexit Might Destabilize The Global System — Nikkei

It is noteworthy that established institutions have also weighed in to the debate, mostly to warn about how a “Brexit” might damage the U.K. and the global economy.

● Oil Prices Stay Close To 2016 Highs On Ebbing Supply, Softer Dollar – RTRS

ACrude oil rallied in the past two sessions after rebels in Nigeria’s Niger Delta vowed to halt output in the country, Africa’s biggest producer until last year. The Nigerian government said it was initiating talks with the rebels.

● IEA Sees Slower Global Gas Demand Growth To 2021 – RTRS

Growth in natural gas demand will slow to an average 1.5 percent a year globally through 2021, as stagnation in Europe and uncertainty about Chinese consumption offsets robust growth in India, the International Energy Agency (IEA) said.

● EUR/USD Looks Vulnerable Below 1.1350, German Yields Crash Again – FXStreet

The EUR/USD pair is making minor-recovery attempts, after witnessing a 50-pips massive fall in the last hour, as the greenback recedes gains against its major peers amid risk-off markets.

● China Central Bank Holds Line On Growth Forecast But Sees More Pain — RTRS

The People’s Bank of China (PBOC) also warned in its mid-year work report that the government’s push to reduce debt levels and overcapacity could increase bond default risks and make it more difficult for companies to raise funds.

● Europe’s Worst Bond Market Doesn’t Look Like It’s Getting Better – BBG

Just when Portugal thought things couldn’t look any worse for its bond market, they did.

● Gold Rises On Weaker Dollar & Low Interest Rates — WSJ

Gold for August delivery ended up 1.2% at $1,262.30 a troy ounce on the Comex division of the New York Mercantile Exchange, hitting its highest level since May 18.

 

Stock Information
● $AEM

AU Pakistani artist awarded prestigious Jameel Prize in Istanbul #ARTIST & ENTERTAINMENT GROUP #ASX2000 More Details

● $YHOO

US Yahoo Japan : Tech companies in Japan to encourage newly-eligible teens to vote #YAHOO INC #NASDAQ More Details

● $CSCO

US JPMorgan Chase & Co. Reiterates Hold Rating for Cisco Systems, Inc. (CSCO) #CISCO SYSTEMS INC #DJ30 More Details

● $ISBC

US 2947438 Shares in Investors Bancorp Inc. (ISBC) Acquired by Norges Bank #INVESTORS BANCORP INC #NASDAQ More Details

● $CVX

US It’s truly #justanotherdayinwa when a tourism hashtag gets hijacked right away #CHEVRON CORP #DJ30 More Details

● $CSGN

VX BofA, Credit Suisse Settle With Funds Over $1B Refco Scam #CREDIT SUISSE GROUP #STOXX600 More Details

● $HES

US Analysts Set Hess Corp. (NYSE:HES) Price Target at $61.25 #HESS CORP #SP500 More Details

● $VOW

GR First Drive Review: Volkswagen Ameo The German Make in India Sedan #VOLKSWAGEN AG #STOXX600 More Details

● $ABC

US Investors Sell Shares of AmerisourceBergen Corp. (ABC) on Strength (ABC) #AMERISOURCEBERGEN CORP #SP500 More Details

● $UOB

SP Economy to improve in second half on govt measures: UOB Malaysia #UNITED OVERSEAS BANK LTD #APEX50 More Details

 

InfoTrie News
● The Way To Do Great Work

InfoTrie’s algorithms scan thousands of websites, blogs, and business news publications in real-time, searching for company mentions. Each article that mentions a given company is assigned a “relevance” score with respect to that company. Articles with low relevance scores are discarded; only articles with moderate and high relevance scores are kept for analysis.

Once a corpus of highly relevant articles has been selected, InfoTrie applies natural language processing in a machine learning framework, to assess the sentiment associated with that selection. Aggregate volume and sentiment scores are then computed using the individual article scores and their relevance weights.

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