FinSentS Weekly Recap

Weekly Review of Headlines
● US Stocks Set To Drop Slightly As Brexit Still Weighs – WBP

US stocks are expected to open with small losses on Friday, failing to keep the positive momentum after ending a five-day losing streak a day before, with housing data lying ahead…Read More

● Moody’s Reviews Microsoft’s Aaa Rating For Downgrade Following Acquisition Of LinkedIn

Moody’s Investors Service (“Moody’s”) placed the Aaa senior unsecured rating of Microsoft Corporation under review for downgrade following the announcement today that the company has agreed to buy LinkedIn Corporation for $26.2 billion in cash. ..Read More

● China Stats Bureau: Q2 Economic Growth To Be Stable – RTRS

Growth in China’s fixed-asset investment slipped below 10 percent for the first time since 2000, while retail sales growth also slowed, the National Bureau of Statistics announced earlier in the day.

● BoJ Keeps Policy Unchanged, Shifting Stimulus Focus To July – BBG

The Bank of Japan refrained from expanding monetary stimulus ahead of the U.K. vote on Brexit next week that could roil global markets, and before a domestic election in which the political opposition has made the bank’s negative interest-rate policy an issue.

● Fed’s Bullard: Only One Rate Hike Needed Through 2018 – CNBC

St. Louis Fed President Jim Bullard, in a significant shift in his outlook for the economy, now says low growth and a very low fed funds rate of just 63 basis points will likely remain in place through 2018.

● OPEC Keeps Global Oil Demand Forecast Unchanged – WSJ

Global oil demand will increase by 1.2 million barrels a day this year to 94.18 million, led by India, the group’s Vienna-based research department said in the monthly report.

● Swiss Government Sees ‘Modest’ Growth, Warns Of Short-Term Risks – BBG

Economic momentum in Switzerland is expected to pick up next year as the recovery in the neighboring euro area gains steam, the government said, confirming its last quarterly forecast.

● Fed Leaves Interest Rates Unchanged, Signals Two Hikes This Year — RTRS

The central bank’s decision to stick with its 2016 rate path, however, appeared shakier, with six of its 17 policymakers projecting just one increase this year. Only one Fed policymaker had done so when economic forecasts were last issued in March.

● Gold ends at nearly 17-month high, but slips back under $1,300 -MW

August gold GCQ6, +0.25% rose $10.10, or 0.8%, to settle at $1,298.40 an ounce, trading well below the intraday high of $1,318.90.

● GECB Balance Sheet Expanded By EUR 15.25 Bln Last Week — RTRS

The combined balance sheet of the European Central Bank and the euro zone’s 19 national central banks expanded by 15.25 billion euros ($17.13 billion) to 3.094 trillion euros in the week to June 10, the ECB said.

 

Stock Information
● $JPM

US JPMorgan Chase & Co. Sells 392,020 Shares of Tractor Supply Company (TSCO) #JPMORGAN CHASE & CO #DJ30 More Details

● $C

US Williams-Sonoma, Inc. (WSM) Now Covered by Analysts at Citigroup Inc. #CITIGROUP INC #SP500 More Details

● $AEM

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

● $LGEN

LN QLogic Co. (QLGC) Rating Lowered to Hold at Argus #LEGAL & GEN GROUP PLC #STOXX600 More Details

● $AAPL

US BMO Capital Markets Reiterates Buy Rating for Apple Inc. (AAPL) #APPLE INC #NASDAQ More Details

● $CSGN

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

● $MOSY

US MoSys Inc. (MOSY) Upgraded to Hold by Zacks Investment Research #MOSYS INC #NASDAQ More Details

● $2330

TT Rally May Stall For Taiwan Stock Market #TAIWAN SEMICONDUCTOR MFG CO #APEX50 More Details

● $KO

US Coca Cola : Record high 86,091 employed in Anderson County #COCA-COLA CO #SP500 More Details

● $CNA

LN Centrica PLC (CNA) Rating Reiterated by Credit Suisse #CENTRICA PLC #LDN100 More Details

 

InfoTrie News
● Happy Father’s Day!

InfoTrie’s best wishes for the heroes in real life. We wish fathers healthy and happy for ever!

Gifts entrance: FINSENTS

 

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